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During 2014,Wimbrow Images Reported $60,000 of Net Income and Generated

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During 2014,Wimbrow Images reported $60,000 of net income and generated $80,000 of cash from operations.During the year,Wimbrow Images paid $15,000 to purchase a new delivery truck and also paid dividends in the amount of $30,000.Wimbrow Images borrowed $40,000 cash from the bank.At the beginning of the year,cash amounted to $50,000.
During 2014,Wimbrow Images reported $60,000 of net income and generated $80,000 of cash from operations.During the year,Wimbrow Images paid $15,000 to purchase a new delivery truck and also paid dividends in the amount of $30,000.Wimbrow Images borrowed $40,000 cash from the bank.At the beginning of the year,cash amounted to $50,000.

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Definitions:

Market Interest Rate

The prevailing rate at which borrowers are willing to borrow money and lenders are willing to lend in the financial market.

Needed Financing

The amount of money required to fund a project, venture, or cover operational expenses not met by current revenues.

Process Innovation

The development and use of new or improved production or distribution methods.

Total Product Curve

A graphical representation showing how the total quantity of output produced by a firm varies with the quantity of a single variable input, holding other inputs constant.

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