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Andrews [41]
4 years ago
6

During Year 5, Stout Inc. made a cash payment of $186,000 on dividends declared in Year 4 and paid $2,650,000 to retire $2,620,0

00 of long-term bonds payable early. The company also sold treasury stock purchased for $258,000 for $300,000 and had $360,000 of preferred stock converted into shares of common stock. Based on this information, what was Stout's net cash flows from financing activities for Year 5? a. $2,548,0 b. $2,536,0 c. $1,990,0 d. $2,176,0
Business
1 answer:
Mila [183]4 years ago
4 0

Answer:

b. $2,536,000

Explanation:

The computation of the net cash flows from financing activities is presented below:

Cash flows from financing activities

Cash payment on dividend declared -$186,000

Sale value of treasury stock $300,000

Cash paid to retire of long term bond -$2,650,000

Net cash flows used by financing activities -$2,536,000

The cash outflow is in negative sign whereas the cash inflow is in positive sign

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6 0
3 years ago
A large current account deficit is most likely to come about when desired investment​ _____ substantially and if desired nationa
Mars2501 [29]

Answer:

Increases; Declines

Explanation:

A current account deficit occurs when the value of imports (of goods, services and investment income) is greater than the value of exports. If the currency is overvalued, imports will be cheaper, and therefore there will be a higher quantity of imports.

6 0
3 years ago
budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called:
Natali [406]

Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.

<h3 /><h3>What is rolling budget?</h3>

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6 0
1 year ago
7. Choose if the product is a Good, a Service, or Both.
Papessa [141]

Answer:

1 buying a bicycle it's a good

2 getting a back message it's a service

3 getting the plumbing fixed in your house it's a service

4 use of a smartphone app it's a service

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6 buying a hamburger it's a good

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5 0
3 years ago
What is the value today of a money machine that will pay $3,809.00 every six months for 21.00 years? Assume the first payment is
Nadya [2.5K]

Answer:

The present value machine = $48351.13

Explanation:

Given the annuity amount = $3809

Total number of years for which the annuity is made = 21 years

The annuity is made every six months.

Interest rate = 15%

We have to find the present value of machine by using the above information. Here, below is the calculation.

The present value machine = Annuity × (1-1/(1+rate)^number of terms)/ rate

The present value machine = 3809*(1-1/(1+15%/2)^(21*2))/(15%/2)

The present value machine = $48351.13

5 0
3 years ago
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