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
IceJOKER [234]
4 years ago
6

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in million

s): Cash paid to acquire machinery $ 38 Reacquired Peridot common stock 56 Proceeds from sale of land 96 Gain from the sale of land 46 Investment revenue received 71 Cash paid to acquire office equipment 86 In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
Business
1 answer:
guapka [62]4 years ago
3 0

Answer:

$43 million

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

Peridot's Net cash outflows from investing activities (in millions)

= -$38 + $96 + $71 - $86

= $43

The gain from the disposal of land will be deducted from the net income under the cash flows from operating activities while the requisition of own shares is a financing activity.

You might be interested in
One reason many companies do not organize themselves as an s corporation is that this form of business:
S_A_V [24]

Answer:

S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

Explanation:

There are specific pre-requisites before a company may apply as an S corporation

  • It implies that corporation shareholders must be U.S. residents only who directly own the shares.
  • Maximum 100 shareholders can be part of S corporation.  
  • The stock options are restricted to one class only.

The limited stock options, no foreign investment challenges and limitation of maximum shareholders create a barrier to open S type corporation. So the answer is S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

7 0
4 years ago
Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $36; selling price, $48;
Vsevolod [243]

Answer:

Unit value of $36 Ross should use when applying the lower of cost or net realizable value rule to ending inventory.

Explanation:

Inventory should be recorded on:

Lower of

  • Cost
  • Net realizable value

Cost of product = $36 per unit

Net realizable value = selling price -selling cost = $48 - $6 = $42

So the lower value is the cost value of $36 for the product. So, this value should be used in order to determine the cost of ending inventory.

4 0
3 years ago
Read 2 more answers
A parachutist jumps out of an airplane and accelerates with gravity to a maximum velocity of 58.8 m/s in 6.00 seconds. She then
arlik [135]

Answer:

From what height did the parachutist jump?

914 m

Explanation:

v = 58.8 m/s

u = 0 m/s

a = 9.81 m/s^2

t = 6.00 s

v^2 = u^2 + 2as

58.8^2 = 0 + 19.62s

s = 3457.44/19.62 = 176.22m

Upon decelerating after opening parachute;

v = 10 m/s

u = 58.8 m/s

t = 4.00

deceleration =( 58.8 - 10)/4.00 = 12.2 m/s^2

v^2 = u^2 + 2as

100 = 58.8^2 - 24.4s

3357.44/24.4 = s

s = 137.6s

Upon decending at constant velocity

distance = time*velocity = 10.0*60 = 600 m

Initial height = 600 + 137.6 + 176.22 = 913.82 m = 914 m

7 0
3 years ago
Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that
sergij07 [2.7K]

Answer:

$ 2,504,000

Explanation:

Budgeted overhead= $2,375,000

FOH budget variance= $129,000

Actual amount of fixed overhead= $2,375,000+$129,000

=$ 2,504,000

Therefore the actual amount of fixed overhead will be $ 2,504,000

4 0
4 years ago
Suppose a handbill publisher can buy a new duplicating machine for $500 and the duplicator has a 1-year life. The machine is exp
spayn [35]

Answer & Explanation:

Step 1

The expected rate of return r is calculated as follows:

r = (expected revenue - cost / cost) * 100%

= (550 - 500 / 500) * 100%

=10%

Step 2

The publisher will choose to invest the machine when the real interest rate is 10% and 9%. When the expected rate of return is higher than the cost of borrowing, that is, the real interest rate, the investment is profitable and should be undertaken.

In this question, the expected rate of return is 10%, higher than the borrowing cost of 8% and 9%; thus, the investment of the new machine should be undertaken.

When the cost of borrowing is 11%, which is higher than the rate of return of 10%, the investment should not be undertaken.

3 0
3 years ago
Other questions:
  • A new retail associate in another department asks you about the features of the merchandise in his department. you just explaine
    6·1 answer
  • A global strategy allows for: the leading companies to compete for the biggest share of the world market, but only occasionally
    11·1 answer
  • Ahngram Corp. has 1,000 defective units of a product that cost $3 per unit in direct costs and $6.50 per unit in indirect cost w
    11·1 answer
  • Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the
    10·1 answer
  • Explain how you plan to finance your college education. If you are not currently planning on attending college, explain how you
    11·1 answer
  • Diana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l
    15·1 answer
  • The December 31, 2018, inventory of Tog Company, based on a physical count, was determined to be $470,000. Included in that coun
    5·1 answer
  • On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating
    13·1 answer
  • Olivia keeps her work desk neat and arranges her files in alphabetical order. She’s demonstrating the professional habit of orga
    9·1 answer
  • If the government has no debt initially, but then has annual revenues of $20 billion per year for 4 years and annual expenditure
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!