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Jobisdone [24]
3 years ago
8

In preparing its cash flow statement for the year ended December 31, 2021, Rorschach Co. gathered the following data: Gain on sa

le of land $ 12,000 Proceeds from sale of land 20,000 Purchase of Uttwil, Inc., bonds (face value $200,000) 360,000 Amortization of bond discount 4,000 Cash dividends declared 90,000 Cash dividends paid 76,000 Proceeds from sales of Rorschach Co. common stock 150,000 In its December 31, 2021, statement of cash flows, what amount should Rorschach report as net cash outflows from investing activities?
Business
1 answer:
Snowcat [4.5K]3 years ago
6 0

Answer:

($340,000)

Explanation:

The computation of the net cash outflows from investing activities is shown below:

Cash flows from investing activities:  

Cash from proceeds of sale of land $20,00

Purchase of Bond investments ($360,000)

Net Cash Outflows from investing activities ($340,000)

The positive sign shows the inflow of cash and the negative sign shows the outflow of cash and the same is considered in the above computation part

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Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400
Degger [83]

Answer:

$79,200

Explanation:

The computation of retained earning at year end is seen below;

= Opening retained earning balance + Net income - dividend paid

= $48,400 + $52,800 - $22,000

= $79,200

Therefore, the retained earnings balance is $79,200

8 0
2 years ago
Last year Electric Autos had sales of $165 million and assets at the start of the year of $280 million. If its return on start-o
ohaa [14]

Answer: 16.9697%

Explanation:

Sales = $165 million

Assets in beginning of year = $280 million

Assets return on start of the year = 10%

Return\ on\ Net\ Assets =\frac{Operating\ Profit}{Net\ Assets}\times 100

\frac{Return\ on\ Net\ Assets\times Net\ Assets}{100} =Operating\ Profit

\frac{10\times 280}{100} =Operating\ Profit

Operating Profit = 28

Operating\ Profit\ Margin = \frac{Operating\ Profit}{Sales\ revenue}

Operating\ Profit\ Margin = \frac{28}{165}\times 100

                                                  =  16.9697%

8 0
3 years ago
Tech Surge applies research into physics and biochemistry to create advanced surgical instruments and implants. Its research dep
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Answer:

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3 years ago
Do you think that some people have difficulty talking to others face-to-face because of how prevalent texting is today? When you
denpristay [2]
Answer: I do think that people have difficulty talking to others face-to-face because of how prevalent texting is today. The reason for that is because we’ve gotten used to having time to think about our answer before sending our message. In general, there’s less pressure with texting than there is with face-to-face. You’re in front of the person you’re talking to and they’re able to monitor you closely, which could make some people uncomfortable and unable to think of anything to say. Another reason is because texting is able to be done without moving. It’s more convenient than meeting up with someone to discuss something.
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3 years ago
Jerry needs some quick cash and decides to pawn his diamond ring, which is appraised at $750. The pawnbroker agrees to give Jerr
GarryVolchara [31]

Answer:

the amount of the loan the pawnbroker made to Jerry is $112.50

Explanation:

In order to find 15% of $750, one method is dividing 750 into 100 to find the value of 1%.

750 ÷ 100 = 7.5

Now we know the value of 1% is $7.50, so all we have to do is multiply that by 15.

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5 0
3 years ago
Read 2 more answers
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