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tino4ka555 [31]
3 years ago
7

In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., coll

ected the following information ($ in millions):
Payment for the early extinguishments of long-term notes (book value: $50 million) $ 54
Sale of common shares $ 176
Retirement of common shares 122
Loss on sale of equipment 2
Proceeds from sale of equipment 8
Issuance of short-term note payable for cash 10
Acquisition of building for cash 7
Purchase of marketable securities (not a cash equivalent) 5
Purchase of marketable securities (considered a cash equivalent) 1
Cash payment for 3-year insurance policy 3
Collection of note receivable with interest (principal amount, $11) 13
Declaration of cash dividends 33
Distribution of cash dividends declared in 2015 30
Required:
In Millennium’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Business
1 answer:
kirza4 [7]3 years ago
4 0

Answer:

$7 million

Explanation:

Investing activities: it monitors the operations that include buying and selling long-term assets. The buying is a cash outflow, while the selling is a cash inflow

The computation of the net cash flows is shown below:

Cash flow from Investing activities  

Proceeds from sale of equipment $8 million

Acquisition of building for cash -$7  million

Purchase of marketable securities (not a cash equivalent) -$5 million

Collection of note receivable only principal amount $11 million

Net Cash flow from Investing activities $7 million

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Answer:

Consumer Sovereignty

Explanation:

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In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty

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3 years ago
Derst Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books sold p
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Answer:Annual fixed expenses = $ 539,000

Explanation:

Given;

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Using the formulae,

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Fixed cost = 49,000  x 11

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Two economists from Ohio University estimated that the demand curve for kerosene in Indonesia was such that a 10 percent increas
zmey [24]

Answer:

C) i and ii

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Answer:

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Answer:

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