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Mumz [18]
3 years ago
5

g Kleczynski Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds 900,

000 Proceeds from issuing bonds 2,900,000 Purchases of inventory from Johnson Inc. 3,700,000 Purchases of treasury stock 590,000 Increase in the equity method investment of Gonzales Corp. 130,000 Proceeds from issuing preferred stock 1,500,000 Proceeds from sale of equipment to McCutcheon Inc. 290,000 The net cash provided by or (used by) financing activities during 2021 is
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

$3,940,000

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.

The net cash provided by or (used by) financing activities during 2021

= $2,900,000 - $590,000 + $130,000  + $1,500,000

= $3,940,000  

Other transactions are operating and investing activities.

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Both goods and services can be standardized for the mass market or customized to individual needs.
Kazeer [188]
The answer to this statement is True goods and services can be easily balanced and purchased at certain prices and if needed the prices will increase
7 0
3 years ago
Vital Silence Corp. has just issued a 30-year callable, convertible bond with a coupon rate of 6.4 percent and annual coupon pay
Aleks04 [339]

Answer:

a. $880.74

b. 13 years

Explanation:

a.  Conversion ratio = Current Value of bond / Conversion price  = 1,000 / 93.4 = 10.71

Conversion price of bond = 10.71 × 28.60  = $306.31

Coupon = Par value of bond * Coupon rate  = $1,000 * 6.4% = $64

Present value of straight debt is calculated below:

Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]

= $64*11.93 + $117.46

= $763.28 + $117.46

= $880.74 .

Therefore, the minimum value of bond is $880.74

b. Conversion ratio = 10.71

Current stock price = $28.6

Suppose number of year the stock will take to reach above $1,140 is t.

Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t

$1,140 = $28.6 * 10.71 * (1.108)^t

(1.108)^t = 3.7218

t = 12.8145 year.

t = 13 years

8 0
3 years ago
Sally currently has $20,000 in her savings account and she has inherited $250, 000 from her aunt. What should she do to ensure t
Korolek [52]

The thing that Sally can do to ensure that she will have access to her money if the bank goes out of business is to keep her money in two financial institutions.

<h3>How to illustrate the information?</h3>

A bank is a place where one keeps money and other valuable.

In this case, to have access to her money if the bank goes out of business is to keep her money in two financial institutions.

Learn more about bank on:

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3 0
2 years ago
Which data types are typically found in the finance department? employee data, promotion data, vacation data transactional data,
dalvyx [7]

Data that should be found in the Finance Department is as below:

1) Employee Data: If the data relates to employees personal data, it will not be found in the finance Depatment.

2)Promotion Data: Promotion data is more of Human Resource Activity thus it will not be found in the Finance Dept.

3)Vacation Data: Also a Human Resource Activity, thus it wont be found in the Finance Dept.

4)Transactional Data: Data regarding monetory transactions carried out on a daily basis will be found in the finance department.

5)Purchase Data: Will be found in the finance Department.

6)Payroll Data: Regarding Employees salary will be found in the finance Department.

7)Tax data: Will be found in the finance Department, as one of the functions of the department includes taxation.

8) Investment Data : Will be found in the finance Deparment.

9)Monetory Data: Everything related to money will be found int he finance Department, thus monetory data will be found here.

10)Sales Data: will be found in finance Department

11) Advertising Data- Is more of a Sales Team Activity, thus it will not be found here.

4 0
3 years ago
According to physicist and philosopher Albert Einstein, "Nothing will benefit human health and increase chances of survival of l
Darya [45]

Answer:

I agree with the statement. Recent researches show that production of beef meat is tremendously demanding of potable water (almost 200 litres of water per kg of beef meat).

Explanation: Watching what is happening in the world today with the climate change, and all the species besides humans that are in risk of extinction now because of these changes in environmental conditions, make me agree with the statement. Nevertheless, it is difficult for me to change my food habits, and I see difficult to change my diet by eating less meat. I think an important part of the behavioral change is to set different stages of change, and many people like me will benefit by using this smooth process to have a conscious mind aligned with consumption patterns

6 0
3 years ago
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