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kifflom [539]
3 years ago
6

During the last year, Globo-Chem Co. generated $1,053.00 million in cash flow from operating activities and had negative cash fl

ow generated from investing activities (-576.00 million). At the end of the first year, Globo-Chem Co. had $180 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm’s cash flow (CF) due to financing activities in the second year?
a. 282.75 million
b. -188.50 million
c. 471.25 million
d. -377.00 million
Business
1 answer:
DerKrebs [107]3 years ago
8 0

Answer:

d. -377.00 million

Explanation:

The computation is shown below:

As we know that

Ending cash balance = Beginning cash balance + Cash flow from Operating Activities + Cash flow from Investing Activities + Cash flow from Financing Activities

$280 million = $180 million +$1053.00 million -$576.00 million + Cash flow from Financing Activities  

So, the cash flow from operating activities is -$377 million

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Ordinary repairs meet all of the following criteria except: Multiple Choice Are expenditures to keep an asset in good operating
spin [16.1K]

Answer:

The correct answer is letter "B": Extend the useful life of an asset beyond its original estimate by several years.

Explanation:

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7 0
3 years ago
Exercise 14-13 Coronado, Inc. had outstanding $5,460,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years.
cupoosta [38]

Answer: Please see expalantion coumn for answer

Explanation:

1) To record issuance of bonds

Date            Account Title            Debit                        Credit

July 1        Cash                         $9,457,500

Discount on bond payable          $292,500

Bond payable                                                               $9,750,000

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Cash  =$9,750,000 x 97% = $9,457, 500

Discount = $9, 750,000 - $9,457,500= $292,500

2)To record retirement of 11% bonds

Date            Account Title                        Debit                        Credit

August 1st     Bond payable             $5,460,000

Loss on Redemption of bonds        $218,400

Cash                                                                                            $5,569,200

Discount on Bonds payable                                                           $109,200

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Cash =$5,460,000  x 102%  = $5,569,200

Loss on Redemption of bonds = Cash + Discount on bonds payable - Bonds payable =  $5,569,200 + $109,200) - $5,460,000=  $218,400

7 0
3 years ago
What impression does it give if you are text messaging or listening to music while waiting to be called into an interview?
mylen [45]
It would give me the impression that you’re not interested in the interview. If someone walked into an interview while doing the above personally I would see them as “having better things to do”

Anyways, Hope this somehow helps!
3 0
2 years ago
?if a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if
MrRissso [65]
$8,000,000 - corporate issued
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30 % - income tax rate
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4 0
3 years ago
In the short run, output: Group of answer choices May be altered by varying the size of plant and equipment which now exist in t
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