Unscramble porcmeteti

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

guapka [62]

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.

3 0

4 years ago

Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for

Fittoniya [83]

Answer:

$174,781.20

Explanation:

I will do the calculations in 3 stages. You won`t go wrong if you follow these.

Equivalent Units
Total Unit Cost
Total Cost to be transferred to next department

<u>Calculation of Equivalent Units of Production with respect to Raw Materials and Conversion Costs</u>

1. Raw Materials

Ending Work In Process Inventory (2,300 × 70 %) = 1,610

Completed and Transferred to Finished Goods (6,600 × 100%) = 6,600

Equivalent Units of Production with respect to Raw Materials = 8,210

2. Conversion Costs

Ending Work In Process Inventory (2,300 × 55 %) = 1,265

Completed and Transferred to Finished Goods (6,600 × 100%) = 6,600

Equivalent Units of Production with respect to Conversion Costs = 7,865

<u>Calculation of Total Unit Cost of Production with respect to Raw Materials and Conversion Costs.</u>

Unit Cost = Total Cost (Beginning + Current) ÷ Total Equivalent Units

1. Materials

Unit Cost = ( $ 7,900 + $ 111,000) ÷ 8,210

= $14.482 (3 decimal places)

2. Conversion Cost

Unit Cost = ( $ 3,200 + $ 84,100) ÷ 7,865

= $12.00 (3 decimal places)

3. Total Unit Cost

Total Unit Cost = Materials + Conversion Costs

= $14.482 + $12.00

= $ 26.482

<u>Calculation of total cost of units completed and transferred from the first processing department to the next processing department</u>

Total Cost = Units Completed and Transferred × Total Unit Cost

= 6,600 × $ 26.482

= $174,781.20

8 0

3 years ago

cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that s

klemol [59]

As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.

Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:

People are more confident in their finances and the ability to make income in future
People will spend more in the economy because they are more confident in their income
Aggregate demand will rise as more people demand goods and services

If the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.

In conclusion, spending in the economy will increase and aggregate demand will rise.

<em>Find out more at brainly.com/question/9930012. </em>

8 0

3 years ago

What are two key takeaways from using auto-drafting to pay your bills?.

Maslowich

The two key takeaways from using auto-drafting to pay your bills are:

Payment is faster.
There is less hassle making payments for multiple bills.

<h3>What is Auto Drafting?</h3>

This refers to setting up of periodic payments for a particular set of bills which deducts an amount from a checking account.

Some of the advantages of making use of auto-drafting to pay your bills includes:

Easier automatic payment.
Ability to avoid late payments.
No need to set reminders, etc

Read more about auto drafting here:
brainly.com/question/24579126

4 0

2 years ago

The New Zealand dollar to U.S. dollar exchange rate is 1.35, and the British pound to U.S. dollar exchange rate is 0.61. If you

ExtremeBDS [4]

Answer:

The riskless profit is $0.2 per US dollar invested.

Explanation:

New Zealand dollar to US dollar exchange rate is 1.35

1 US dollar = 1.35 New Zealand dollars

1 New Zealand dollar = 0.54 pounds

Calculate the number of pounds that one can buy with 1.35 New Zealand dollars -

Number of pounds = 0.54 * 1.35

= 0.729 pounds

The number of pounds that one can buy with 1.35 New Zealand dollars is 0.729 pounds.

1 US dollar = 0.61 pounds

1 Pound = (1/0.61) US dollars

1 Pound = $1.64

Calculate the number of US dollars that one can buy with 0.729 pounds -

Number of US dollars = 0.729 * 1.64 = $1.2

The number of US dollars that one can buy with 0.729 pounds is $1.2

It can be seen that investing 1 US dollar and then cross conversion leads to a return of $1.2.

Riskless profit = $1.2 - $1 = $0.2

Therefore, The riskless profit is $0.2 per US dollar invested.

5 0

3 years ago