Answer:
Cash flows from financing activities = -$12600
Explanation:
Before we determine this company's cash flows from financing activities we should understand what components or cash flows are and/or can be associated with financing activities of a business. Cash flows from financing activities include all those cash flows that are received/paid in financing/funding the entity's operations. All those cash flows that are related to raising funds/finance for the business which normally include cash from issuance of equity/debt/, settlement of mature instruments etc.
So in the question the cash flows that relate to financing activities are as follows;
<em>issued common stock =$64000</em>
<em>paid cash dividend = $14600</em>
<em>settlement of note payable = $50000</em>
<em>payment to acquire treasury stock = $12000</em>
<em />
Cash flows from financing activities = $64000 -$14600 -$50000 -$12000
Cash flows from financing activities = -$12600
In this situation, the company is facing negative cash flows as company has received lower cash from financing and has paid/settled greater amounts.
<em>Note: purchasing of equipment is a cash outflow from investing activities and net income generated is a cash inflow from operating activities.</em>
Answer:
Organizations that have a basic strategic implementation involveing extending their success through global expansion, and finding new market opportunities are referred to as MULTINATIONAL ORGANIZATION
Explanation:
Having been asked by Arch to refund the excess taxes that
were subtracted from January 1 to march 11, when arch claimed only one
withholding allowance, I should inform Arch that I won’t be able to pay back
the over withheld taxes that were withheld before March 13 and that the correction
will have to be made when he documents his annual income tax return.
Answer:
The answer is: $113,000
Explanation:
By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.
Answer:
$24,556.53
Explanation:
We are to find the present value
PV = FV x (1 + r) ^-n
FV = Future value
PV = Present value
R = interest rate
N = number of years
$40,000 x(1.05)^-10 = $24,556.53
