What was the firm's end-of-year cash balance? Recreate the firm's cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar, if necessary.

$340,000

Explanation:

Statement of cash flow ( year-end December 31, 2012)

Operating activities Cashflow

Net Income                         = $5,000,000

Add back: Depreciation     = $440,000

Net cashflow                      = $5,440,000

Investing activities Cashflow

Cash paid for machinery   = ($5,400,000)

Net cashflow                      = ($5,400,000)

Financing activities Cashflow

Cash receipt from issuing long term debt  =$1,000,000

Cash paid for dividends                               =(800,000)

Net cashflow                                                 =$200,000

Net increase              = ($5,440,000-$5,400,000+$200,000)

Net increase in cash = $240,000

Opening balance as at 1 Jan 2012    =$100,000

Closing balance as at 31 Dec 2012    =($100,000+$240,000) = $340,000

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.