1. Statement of Cash Flows In 2008, Upper Crust had cash flows from investing activities of −$260,000 and cash flows from financing activities of −$161,000. The balance in the firm's cash account was $88,000 at the beginning of 2008 and $116,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?
2. Explain why a common stock should be evaluated in a portfolio context as opposed to being evaluated in isolation.
3. A piece of mining equipment can be bought for $100,000 cash or for $32,000 down and payments of $8940 per year for 15 years. What is the annual interest rate for the time payments?