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Anton [14]
3 years ago
10

If total change in cash = $44,000, net operating cash flows = $22,000, and net investing cash flows = ($13,000); then net financ

ing cash flows =______________.
Business
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

Net financing cashflows are $ 35,000.

Explanation:

A company generates cashflow from three activities that are cash from operations , cash from financing activities and cash from investing activities. The company net cash flow is total of these above specified. So we can determine net financing cashflows from the equation given below.

<em>total change in cash = net operating cash flows + net investing cash flows + net financing cash flows</em>

net financing cash flows = $ 35,000

<em />

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Heather drives her minivan 953 miles for business purposes in 2019. She elects to use the standard mileage rate for her auto exp
natka813 [3]

Answer:

Answer is $552.74

Refer below.

Explanation:

Standard mileage rate in 2019=0.58.

953 miles for business purposes in 2019.

953×0.58=552.74

8 0
3 years ago
Cheryl is single, has one child (age six), and files as head of household during 2020. Her salary for the year is $19,500. She q
gogolik [260]

Answer: $3,557

Explanation:

Maximum amount of credit for 2020 is $3,584.

The income credit is calculated by:

= Maximum amount - (Earnings for the year - Minimum phase out range for single person with one child) * phase out percentage.

= 3,584 - (19,500 - 19,330) * 15.98%

= $3,557

5 0
3 years ago
Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are p
Alisiya [41]

Answer:

The correct statement related to the pro forma statements is:

The addition to retained earnings is equal to net income less cash dividends.

Explanation:

When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income.  This addition is the leftover net income after offsetting the dividends.  It increases the retained earnings by the end of the financial period.

3 0
3 years ago
Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair
liberstina [14]

Answer:

Takeover Co.

a) Goodwill = $146,000

b) Target's ROI = 36.42%

c) Takeover's ROI = 21.07%

d) False

Explanation:

a) Data and Calculations:

Target Co's net assets fair value = $162,000

Payment by Takeover Co = $308,000

Goodwill = $146,000 ($308,000 - $162,000)

b) Target's ROI:

Operating income = $59,000

Net assets = $162,000

ROI = ($59,000/$162,000) * 100

= 36.42%

c) Takeover Co's ROI:

Operating income = $64,900

Net assets = $308,000

ROI = $64,900/$308,000 * 100

= 21.07%

d) Takeover Co:

Goodwill = $93,000

Purchase price of Target = $255,000 ($93,000 + $162,000)

5 0
3 years ago
Max bought a ticket to the championship baseball game for $170. Someone approaches him outside the stadium and offers him $365 f
Zinaida [17]

Answer:

<h2>The answer in this instance, would be option a. or $365.</h2>

Explanation:

  • In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
  • Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
  • Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.
7 0
3 years ago
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