Ask Question
30 January, 01:13

At the end of 2004, Lehnhoff Inc. had $75 million in cash. During 2005, the following events occurred: · Cash flow from Lehnhoff's operating activities totaled $325 million. · Lehnhoff issued $500 million in common stock. · Lehnhoff's notes payable decreased by $100 million. · Lehnhoff purchased fixed assets totaling $600 million. How much cash did Lehnhoff Inc. have at the end of 2005?

a. $200 Million

b. $50 Million

c. $1.4 Billion

d. $100 Million

+3
Answers (1)
  1. 30 January, 01:36
    0
    B. 50 million. Take 325 subtract it by 75 to see the growth which is 250. Take 250 and add 500, but subtract 100 and you get 650. He then spent 600 of that which leaves you with 50 million
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “At the end of 2004, Lehnhoff Inc. had $75 million in cash. During 2005, the following events occurred: · Cash flow from Lehnhoff's ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers