Answer: ($144.4 million)
Explanation:
The Cashflows related to Investing Activities in the Cashflow statement refer to those cash transactions that have to do with either fixed assets or transactions involving the stocks and bonds of other companies.
Looking at Rapid Pac's figures, only 2 transactions fall under this section.
That would be the Proceeds from sale of land and the Purchase of Microsoft common stock.
Gain on sale of Land is a non cash operating activities item so is not included.
The net cash inflows (or outflows) from investing activities for 2021 is therefore,
= 9.6 (cash inflow) - 154 (cash Outflow)
= -$144.4
= ($144.4 million)
In Rapid Pac's statement of cash flows there was a net cash Outflow of ($144.4 million)
Answer:
A. $140,000
B. $45,000
Explanation:
a. Calculation to determine How much income from BV must Burgundy report for its tax year ending April 30, 2015
Using this formula
Income from BV=Annual guaranteed payment+(BV's taxable income*50% Distributive share of the partnership)
Let plug in the formula
Income from BV=$100,000+($80,000*50%)
Income from BV=$100,000+$40,000
Income from BV=$140,000
Therefore The Amount of income from BV that Burgundy must report for its tax year ending April 30, 2015 is $140,000.
B. Calculation to determine How much income from BV must Violet report for her tax year ending December 31, 2015
Using this formula
Income from BV=(BV's taxable income*50% Distributive share of the partnership)
Let plug in the formula
Income from BV=($90,000*50%)
Income from BV=$45,000
Therefore The Amount of income from BV that Burgundy must report for its tax year ending December 31, 2015 is $45,000.
<span>The total cost will vary depending what combination of explorations are successful and what are unsuccessful. The lowest cost would be if all explorations were unsuccessful and the highest cost would be if all of them are successful. In this scenario, the lowest cost would be $170,000 and the highest cost would be $320,000. Every other combination of success and failure would result in costs between those two numbers.</span>
The answer is D the indirect strategy does not allow a set order of ideas