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san4es73 [151]
1 year ago
5

Burich Company reported short-term borrowings of $4.00 million, long-term borrowings of $6.95 million, repayments of long-term b

orrowings of $4.25 million, interest payments of $781,500, purchase of common stock shares for treasury of $2.00 million, and cash dividends declared of $4.85 million. What is the cash flow from financing activities
Business
1 answer:
Lyrx [107]1 year ago
4 0

$4,70,000 is the cash flow from financing activities.

<h3>What are financial activities?</h3>
  • Transactions involving owner equity, long-term liabilities, and adjustments to short-term loans are referred to as financing operations.
  • The transfer of cash and cash equivalents between the organization and its financial sources is considered a financing activity.
  • Let's examine financial operations in further detail.

<h3>What are the 3 financing activities?</h3>
  • Cash transactions involving owners' equity and noncurrent liabilities are considered financing activities.
  • The principal amount of long-term debt, stock sales and repurchases, and dividend payments are examples of noncurrent liabilities and owners' equity items.

<h3>Why is financing activities important?</h3>
  • Both investors and debt suppliers for the company need to know specifics about financing activities.
  • The enterprise's financial efficiency is determined by reflecting these actions.
  • It demonstrates the organization's capacity for fund-raising and money management.

According to the question:

= Short-term borrowings $4.00 million inflow + Long-term borrowings $6.95 million inflow - Long-term repayments $ (4.25) million inflow - Treasury stock purchases $ (2.00 ) million inflow.

=  $4.00 + $6.95 - $4.25 - $2.00.

= $ 4.7 million.

Net financing cash inflow $ 4.7 million inflow.

Learn more about financing activities here:

brainly.com/question/735261

#SPJ4

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The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $45. If t
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6 0
2 years ago
During the year, Belyk Paving Co. had sales of $2,485,000. Cost of goods sold, administrative and selling expenses, and deprecia
Afina-wow [57]

Answer:

$888,000

Explanation:

In order to determine how much new debt was added, we must calculate cash flows:

first we need to determine net income:

sales ($2,485,000) - COGS ($1,349,000) - S&A expenses ($660,000) - depreciation expense ($462,000) = EBIT = $14,000

since EBIT is lower than interest expense ($14,000 ≤ $287,000), we can assume there was a loss. But the question tells us to ignore any tax losses. So net income = $14,000 - $287,000 = -$273,000

operating cash flow = net income + adjustments = -$273,000 + $462,000 = $189,000

there were not capital spending and no new investments made, so cash flow from investing activities = $0

so the net cash flow from assets = $189,000

net cash flow form assets = net cash flow from stockholders + net cash flow from liabilities

net cash flow from stockholders = common stock issued - dividends = $0 - $412,000 = -$412,000

$189,000 = -$412,000 + net cash flow from liabilities

$601,000 = net cash flow from liabilities

net cash flow from liabilities = net new long term debt - interest expense

$601,000 = net new long term debt - $287,000

net new long term debt = $601,000 + $287,000 = $888,000

6 0
3 years ago
What does gdp do for the economy
Inessa [10]
GDP (gross domestic product) is one of the primary factors used to test the countries economic health. It represents the total dollar value of all goods and services produced over a specific period.

Hope this helps!
7 0
2 years ago
Wynn, Inc. manufactures beanies. The budgeted units to be produced and sold are below: Expected Production Expected Sales August
lora16 [44]

Answer:

Hence, the budgeted cost of purchases is 12,474 yards

Explanation:

To compute the budgeted cost of purchase, we need to require to do calculations which are shown below:

1. First, we have to compute the purchase amount

= Required production in august + ending inventory - beginning inventory

where,

required production equals to

= expected production × number of yards

= 3,500 units × 18

= 63,000 yards

The ending inventory is 5% of next month production which equals to

= September expected production × number of yarns × rate

= 2,800 units × 18 yards × 5%

= 2,520 yards

And, the beginning inventory is 3,150 yards

Now put these values to the above formula

So, the purchase amount would be equal to

= 63,000 + 2,520 - 3,150

= 62,370 yards

And the cost of a yard is $0.20

So, the budgeted cost of purchase equals to

= Purchase amount × cost of yard

=  62,370 × $0.20

= 12,474 yards

Hence, the budgeted cost of purchases is 12,474 yards

7 0
3 years ago
Scenario:
Misha Larkins [42]

Answer:

b. substitutes

b. competitive intelligence.

Explanation:

In the context, Paul and his wife wishes to open up a new restaurant in Beaufort and did much of analysis and research before taking any decision and studying the restaurant industry market.

The factor that Paul have considered in analyzing the competitive environment is the substitutes. The competitive environment as described by Michael Porter includes customers, substitutes, suppliers, new entrants, compliments and other rival firms.

The information Paul has collected in the competition analysis can be referred to -- competitive intelligence.

Competitive intelligence may be defined as the information that is necessary in deciding how best to manage in the competitive environment that the managers have identified.

3 0
2 years ago
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