6. In 2017, Alden Axle, Inc. had cash flows from investing activities of – $173,250, cash...

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6. In 2017, Alden Axle, Inc. had cash flows from investingactivities of – $173,250, cash flows from financing activities of –$152,500 and cash flow from operations of $343,600. The balance inthe firm's cash account was $104,500 at the beginning of 2017. Whatwas the firm's balance in the cash account at the end of 2017?
A. less than $104,000
B. more than $104,000 but less than $112,900
C. more than $112,900 but less than $121,750
D. more than $121,750 but less than $129,500
E. more than $129,500

7. Bold Boxes, Inc. started the year with a balance of retainedearnings of $1,850,000. The company reported sales of $1,425,600,gross profit of $986,400, net income for the year of $575,400, paiddividends of $43,500 to the preferred stock holders and $218,000 tocommon stock holders. What is end of year balance in retainedearnings for Bold Boxes?
A. less than $1,938,000
B. more than $1,938,000 but less than $2,014,300
C. more than $2,014,300 but less than $2,096,400
D. more than $2,096,400 but less than $2,162,500
E. more than $2,162,500

8. Tougher Toys, Inc.'s 2014 income statement lists the followingincome and expenses: EBIT = $1,192,850, Interest expense = $164,325and taxes = $298,365. Tougher Toys has no preferred stockoutstanding and 228,500 shares of common stock outstanding. Whatare the firm’s 2014 earnings per share?
A. more than $3.18 but less than $3.24
B. more than $3.24 but less than $3.30
C. more than $3.30 but less than $3.36
D. more than $3.36 but less than $3.42
E. more than $3.42
13. In 2014, Red Fox Car Shop had sales of $892,350, cost ofgoods sold totaled $384,150, net income equaled $197,645,depreciation was $67,500, taxes were $58,726, and interest expensewas $37,486. How much did the firm earn in operating profits for2014?
14. Grey Machines, Inc. began the year 2016 with $735,800 inretained earnings. The firm earned net income of $352,450 in 2016.The firm paid $25,000 to its preferred stockholders and $186,500 toits common stockholders. What is the year-end 2016 balance inretained earnings for Grey Machines?

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Answer to Question No 6 Cash Balance Ending Cash Balance Beginning Net Increase Decrease in Cash from Activities Net Increase Decrease in Cash from Activities Cash Flow from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Net See Answer

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6. In 2017, Alden Axle, Inc. had cash flows from investingactivities of – $173,250, cash flows from financing activities of –$152,500 and cash flow from operations of $343,600. The balance inthe firm's cash account was $104,500 at the beginning of 2017. Whatwas the firm's balance in the cash account at the end of 2017?A. less than $104,000B. more than $104,000 but less than $112,900C. more than $112,900 but less than $121,750D. more than $121,750 but less than $129,500E. more than $129,5007. Bold Boxes, Inc. started the year with a balance of retainedearnings of $1,850,000. The company reported sales of $1,425,600,gross profit of $986,400, net income for the year of $575,400, paiddividends of $43,500 to the preferred stock holders and $218,000 tocommon stock holders. What is end of year balance in retainedearnings for Bold Boxes?A. less than $1,938,000B. more than $1,938,000 but less than $2,014,300C. more than $2,014,300 but less than $2,096,400D. more than $2,096,400 but less than $2,162,500E. more than $2,162,5008. Tougher Toys, Inc.'s 2014 income statement lists the followingincome and expenses: EBIT = $1,192,850, Interest expense = $164,325and taxes = $298,365. Tougher Toys has no preferred stockoutstanding and 228,500 shares of common stock outstanding. Whatare the firm’s 2014 earnings per share?A. more than $3.18 but less than $3.24B. more than $3.24 but less than $3.30C. more than $3.30 but less than $3.36D. more than $3.36 but less than $3.42E. more than $3.4213. In 2014, Red Fox Car Shop had sales of $892,350, cost ofgoods sold totaled $384,150, net income equaled $197,645,depreciation was $67,500, taxes were $58,726, and interest expensewas $37,486. How much did the firm earn in operating profits for2014?14. Grey Machines, Inc. began the year 2016 with $735,800 inretained earnings. The firm earned net income of $352,450 in 2016.The firm paid $25,000 to its preferred stockholders and $186,500 toits common stockholders. What is the year-end 2016 balance inretained earnings for Grey Machines?