[The following information applies to the questions displayed below.]Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.)1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank. 3) Earned $650 of revenues. 4) Paid expenses of $250. 5) Paid a $50 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.)1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank. 3) Earned revenues of $750. 4) Incurred expenses of $360. 5) Paid dividends of $100. What is Packard Company's net cash flow from financing activities for Year 2?
A. $220 outflow
B. $5 inflow
C. $320 outflow
D. $225 inflow
Answer: B
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Retained earnings at the beginning and ending of the accounting period were $1000 and $2100, respectively. Revenues of $3900 and dividends paid to stockholders of $900 were reported during the period. What was the amount of expenses reported for the period?
A. $1100. B. $3000. C. $1900. D. $2800.
Return calls within 48 hours under normal circumstances. _________________________
Answer the following statement true (T) or false (F)
Larger values of the standard deviation result in a normal curve that is
a. shifted to the right b. shifted to the left c. narrower and more peaked d. wider and flatter
The term drill down means the user wants to:
A) summarize data. B) get older data. C) sort data. D) get more details. E) aggregate data.