Mike remembers his grandfather telling him, "if you can find something you like to do, and somebody is willing to pay you to do it, that's the secret to a great life." the way mike saw it, this was his chance. for the past five years, he's been splitting his time between school and working at a local tree farm. the owner recently announced he was ready to retire. as mike began creating a business plan, he contemplated what the business might be worth. how much will he need to buy this business? for starters, mike

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: