You should tap the breaks repeatedly and pull over
Investment banking<span> and </span>commercial banking<span> are two divisions of the </span>banking
<span>industry that provide substantially </span>different<span> services. </span>Investment banks<span> expedite the purchase and sales of bonds, stocks and other </span>investments<span> and aid companies in making initial public offerings</span>
Answer:
Peridot should report net cash outflows from investing activities of $26 million
Explanation:
Prepare a Cash flow from Investing Activity Section as follows :
<u>Cash flow from Investing Activity </u>
($ in millions)
Purchase of Machinery (31)
Proceeds from Sale of land 92
Purchase of Office Equipment (87)
Net Cash Flow from Investing Activities (26)
The Section only includes Activities relating to Capital Expenditure
Answer:
The total cash receipt in the month of April amounts to $42,023
Explanation:
Total cash receipt in the month of April = March credit sales amount + April credit sale amount (25% is received) + April cash sales amount
= $29,400 × 67% + $32,900 × 25% + $14,100
= $19,698 + $8,225 + $14,100
= $42,023
Working Note:
March credit sales = March sales × 70%
= $42,000 × 70%
= $29,400
April Cash Sales = April Sales × 30%
= $47,000 × 30%
= $14,100
April Credit Sale = April Sales × 70%
= $47,000 × 70%
= $32,900
From the credit sale, 25% is received in the month of April
So,
= $32,900 × 25%
= $8,225
