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hoa [83]
3 years ago
9

Payment for the early retirement of long-termbonds payable (carrying amount $370,000) $375,000Distribution in Year 2 of cash div

idend declared in Year 1 to preferred shareholders 31,000Carrying amount of convertible preferred stock \in Xan, converted into common shares 60,000Proceeds from sale of treasury stock (carrying amount at cost, $43,000) 50,000During Year 2, Xan, Inc. had the following activities related to its financial operations:Xan uses U.S. GAAP. In Xan's Year 2 statement of cash flows, net cash used in financing operations shouldbe:
Business
1 answer:
klasskru [66]3 years ago
7 0

Answer:

Cash used for financing activities 356,000

Explanation:

extinguish of bonds payable (375,000)

preferred dividends                  (31,000)

proceeds from TS                     50,000

Cash used for financing activities 356,000

The conversion do nt involve cash, so it is not included in the cash flow statement.

The carrying ammount, gain and losses are not relevant for the cash flow statement.

We have to focus in the cash movements only.

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Mona sets up a business consulting firm in which the employees are motivated because they find their work interesting and creati
gayaneshka [121]

Answer:

Letter C is correct. <em>A firm that relies on high output controls to tap into intrinsic motivation.</em>

Explanation:

By carefully selecting the employees of his consulting firm, Mona ensures that each employee's expected competency and skills profile has been met through rigorous selection, which enhances the chances that operational strategies will be more widely deployed and accepted effective.

By setting the expected results, but letting the employees themselves define how to achieve them, it generates an intrinsic motivation, one that generates internal feelings in the individual to want to achieve personal goals, objectives and projects that motivate and stimulate them.

4 0
3 years ago
Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the time was $37.50. Of the 10
Yuliya22 [10]

Answer:

a. $144 million

Explanation:

The computation of the amount of money raised is shown below:

But before that we have to find out the amount raised and underwriting fees which is given below:

Amount raised by company is

= 4 million × $37.5  

= $150 million

And,

underwriting fees is

= $150 million × 4%

= $6 million

So, amount raised by the company is

= $150 million - $6 million

= $144 million

We deduct the underwriting fees from the raised amount

5 0
3 years ago
Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
FromTheMoon [43]

Answer:

D : Cultural relativism

Explanation:

Cultural relativism is an idea that an action should be viewed in the context of the socio-cultural environment in question. If child labor is permitted in Country X, it implies that rival companies and competitors who use child labor will experience cheaper production cost and unless the multinational company does same, it may face the need to pul out of the market.

4 0
3 years ago
Harper acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2014, for $243,700 in cash. The book
KonstantinChe [14]
One of the steps in solving this problem is this one:

As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.

Calculation of the book value of the purchase made as the book value of Company K times percent purchased:

400,000 * 0.40 = 160,000

Then, calculate the difference in the acquisition and the book value of the purchase:

210,000 - 160,000 = 50,000
5 0
3 years ago
The stock in Up-Towne Movers is selling for $45.20 per share. Investors have a required return of 9.9 percent and expect the div
Travka [436]

Answer: $2.61

Explanation:

We can use the Gordon Growth Model here of which the formula is,

P = D1 / r – g.

Where

P is the stock price

D1 = the annual expected dividend of the next year.

r = rate of return.

g = the expected dividend growth rate (assumed to be constant)

Making D1 the subject of the formula to find the next dividend will help us solve for the recent Dividend.

D1 = P (r-g)

= 45.20 (0.099 - 0.039)

= $2.712

$2.712 is the next dividend.

To calculate the most recent Dividend we can use the growth rate in the following manner,

D1 = D0(1 + g)

D0 = D1/(1+g)

D0 = 2.712 / 1.039

D0 = $2.61

The dividend the company just paid is $2.61

8 0
3 years ago
Read 2 more answers
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