Dristell inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a building with a book value of $400,000 was sold for $500,000.additional common stock was issued for $160,000.dristell purchased its own common stock as treasury stock at a cost of $75,000.land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. a dividend of $40,000 was paid to shareholders. an investment in fleet corp.’s common stock was made for $120,000.new equipment was purchased for $65,000.a $90,000 note payable issued three years ago was paid in full. a loan for $100,000 was made to one of dristell’s suppliers. the supplier plans to repay dristell this amount plus 10% interest within 18 months. required: calculate net cash flows from investing activities.

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is