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krok68 [10]
3 years ago
7

Creative Sound Systems sold investments, land, and its own common stock for $31 million, $14.9 million, and $39.8 million, respe

ctively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.9 million, $24.9 million, and $11.9 million, respectively. What amount should the company report as net cash flows from investing activities?
Business
1 answer:
Pie3 years ago
6 0

Answer:

cash generated from investing activites 9.1 millions

Explanation:

proceeds from investment 31 millions

proceeds from land           14.9 millions

purchase of equipment      (24.9 millions)

purchase of patent             (11.9   millions)

cash generated from investing activites 9.1 millions

The purcahse of treasury stock

and the sale of treasury stock (own common stock)

should be disclosure in the financing activities

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Answer:

Kim Ping and Abdel will have trouble when it comes to equality in a joint venture. There is always one partner who earns more than the other.

Kim Ping and Abdel will face<em> "conflict of interest." </em>Every individual has his own purpose in making a profit.

Explanation:

"Join venture" refers to the<em> merging of two parties</em>, including their resources, in order to accomplish a project or start a new business. This means that the company profits and losses will be shared by both parties.

However, it is said that "there is no such things as equal partners." There is always a chance that one party will earn more than the other, or the other party will contribute more than the other.

There is also a possibility of "conflict of interest" in such situation. Every partner has his own beliefs and style of running a business. This will cause a conflicting interest in both parties.  

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3 years ago
Which of the following is true? When companies employ push-down accounting:A) the subsidiary revalues assets and liabilities to
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At a recent staff meeting, the director of the centerville diagnostic imaging center told the staff, "our clients hate to waste
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The time required for an automotive center to complete an oil change service on an automobile approximately follows a normal​ di
sveticcg [70]
Let X be the time or period needed for an automobile center to finish an oil change.

X ∼ N (17, 2.5) 

a) 

P(X ≥ 20) = P((X - 17)/5 ≥ (20- 17)/2.5) = P(Z ≥ 1.2) = .1151 *100 = 11.51% is the answer

b) 
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P (X - 17)/2.5 ≥ (x - 17)/2.5) = 0.07

P (Z ≥ z) = 0.07
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The correct answer is generation X.

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