May 2020
Analysis reveals that a company had a net increase in cash of $21,320 for the current year. Net cash provided by operating activities was $19,200, net cash used in
Investing activities was $10,600 and net cash provided by financing activities was $12,720. If the year-end cash balance is $25,800, the beginning cash balance
was.

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.