1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tju [1.3M]
3 years ago
9

Creative Sound Systems sold investments, land, and its own common stock for $31.0 million, $15.1 million, and $40.2 million, res

pectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.1 million, $25.1 million, and $12.1 million, respectively.
A) What amount should the company report as net cash flows from investing activities?
B) What amount should Creative Sound Systems report as net cash flows from financing activities?
Business
1 answer:
KatRina [158]3 years ago
6 0

Answer:

Creative Sound Systems

Net cash flows from investing activities:

Cash inflow from sale of investments                     $31 million

Cash inflow from sale of land                                $15.1 million

Cash outflow from purchase of equipment        ($25.1 million)

<u>Cash outflow from purchase of patent                ($12.1 million)</u>

Net cash flows provided by investing activities    $8.9 million

Creative Sound Systems

Net cash flows from financing activities:

Cash inflow from issuing common stocks              $40.2 million

<u>Cash outflow from purchase treasury stock          ($21.1 million)</u>

Net cash flows provided by financing activities     $19.1 million

You might be interested in
The process of increasing an information stream's redundancy to overcome noise is called
Ghella [55]
I believe the process is called equivocation
equivocation refers to the usage of meaningless/ambigous language in order to conceal a certain truth.
The meaningless language/redundancy in this particular case served as an action to stray the audience away from the core content of the information.
5 0
3 years ago
During the Asian financial crisis, the leading financial powers seemingly either declined to take part in the rescue operations,
igor_vitrenko [27]

Answer:

The correct answer is ASEAN+3.

Explanation:

ASEAN + 3 is the association of Southeast Asian nations, which was created in 1967 by Thailand, Indonesia, the Philippines, Singapore and Malaysia. Currently it is made up of 10 countries in Southeast Asia, and its general objective is to increase the economy of these countries and promote stability in the region. The +3 is to recognize the accession of three countries that do not belong to this region, which are: Japan, China and South Korea.

8 0
3 years ago
How do birthrates and death rates change as a country moves from a least developed or traditional economy to developing-nation s
oksian1 [2.3K]

As a country makes the transition from a least developed economy to developing nation status the Birthrates and Death Rates will increase. Birthrates will increase due to immigration. The healthcare services generally improves when a country develops more and becomes more industrialized. It helps improve the economy which in turn gives more people the opportunity to have more children and to lead healthier lives. So the birth rates go up. Death rates will go up too due to an increase in criminal activity.

7 0
3 years ago
A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 500 un
amid [387]

Answer:

The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.

Explanation:

The quantity of output produced is 500 units.

The marginal cost of producing 500 units is $1.50.

The minimum average variable cost is $1.

The price of the product is $1.25.  

The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.

3 0
3 years ago
Ben recently lost his job at a major U.S. auto plant in one of the rust belt states. After looking unsuccessfully for work in a
Alexandra [31]

Answer: <em>Option (d) is the correct answer.</em>

Ben view the investment by government as a way to jump start a weak economy, i.e. investment by government will allow industries to hire new employees or workforce in order to meet production demand. Thereby increasing government spending through investing in construction of road and bridge, Ben assumes that the state will intervene in market to help revive a weak economy.

8 0
3 years ago
Other questions:
  • In a CBA, if the benefits of a control outweigh the costs of implementing that control, then the control can be implemented to r
    8·1 answer
  • A house of quality would depict the strength of the relationship between which of the following two​ items? A. The stitching use
    5·1 answer
  • High-income families spend approximately _______ to raise a child.
    5·1 answer
  • United Trans Service jet costs $ 55.000.000 and is expected to fly 500.000.000 miles during its 8​-year life. Residual value is
    6·1 answer
  • A firm facing a price of $10 in a perfectly competitive market decides to produce 100 widgets. If its marginal cost of producing
    14·1 answer
  • Which of the following is viewed as the riskiest and most costly form of international expansion? Multiple Choice Joint venture
    14·1 answer
  • Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Meli
    11·1 answer
  • Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items wit
    13·1 answer
  • For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ acc
    12·1 answer
  • Grants Corporation prepared the following two income statements (simplified for illustrative purposes):
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!