During 2018, Chung Corporation earned $5,000 of cash revenue and accrued $3,100 of salaries expense. Required Based on this information alone: (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) Prepare the December 31, 2018, balance sheet. Determine the amount of net income that Chung would report on the 2018 income statement. Determine the amount of net cash flow from operating activities that Chung would report on the 2018 statement of cash flows.

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: