Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2013 total

	A.	$846,000 net cash inflow.
	B.	$831,000 net cash inflow.
	C.	$861,000 net cash inflow.
	D.	$866,000 net cash outflow.

n Garland Company, land decreased $140,000 because of a cash sale for $140,000, the equipment account increased $40,000 as a result of a cash purchase, and Bonds Payable increased $130,000 from issuance for cash at face value. The net cash provided by investing activities is

	A.	$100,000.
	B.	$110,000.
	C.	$140,000.
	D.	$230,000.

Stout Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2012. The weighted average number of shares outstanding in 2012 was 50,000 shares. Stout Corporation's common stock is selling for $60 per share on the New York Stock Exchange. Stout Corporation's payout ratio for 2012 is

	A.	20%.
	B.	$4 per share.
	C.	12.5%.
	D.	25%.

Which one of the following ratios would not likely be used by a short-term creditor in evaluating whether to sell on credit to a company?

	A.	Receivables turnover
	B.	Acid-test ratio
	C.	Current ratio
	D.	Asset turnover

Answer rating: 100% (QA)

Answer The correct option is as follows 1 B net cash inflow 831000 B... View the full answer