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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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The purpose of NCUA Lending regulation is to create stability and to keep a fair condition in a lending process. A foul or a fraud in the lending process could easily have been made if there is a bad intention in either creditor or debtor in the lending process<span>. An intention for not paying a credit agreement is one of this foul example.</span>
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3 years ago
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Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is
Digiron [165]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Purchasing price= $288,000

Useful life= 4 years

Salvage value= $33,800

First, we will calculate the depreciation expense using the straight-line method:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (288,000 - 33,800)/4

Annual depreciation= $63,550

Now, using the double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= 2*63,550= 127,100

Year 2= [(254,200 - 127,100)/4]*2= $63,550

Year 3= [(127,100 - 63,550)/4]*2= $31,775

Year 4= [(63,550 - 31,775)/]*2= $15,887.5

6 0
3 years ago
You are a vice president in charge of personnel at a large manufacturing company. in-house detectives inform you that gates, an
andre [41]

Based on the situation above, the notices shouldn’t be posted because if the sign has been posted, this will only result to giving rise to a claim of defamation by which this is an act of destroying another individual’s reputation.

6 0
3 years ago
A machine can be purchased for $150,000 and used for five years, yielding the following net incomes. In projecting net incomes,
umka2103 [35]

Answer:

2.69 years

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

To derive cash flows from net income, add depreciation to the net income.

Straight line depreciation = (Cost of asset - Salvage value) / useful life

$150,000 / 5 = $30,000

The depreciation expense each year would be $30,000.

Cash flow in year 1 = $30,000 + $10,000 = $40,000

Cash flow in year 2 = $30,000 + $25,000 = $55,000

Cash flow in year 3 = $30,000 + $50,000 = $80,000

Cash flow in year 4 = $30,000 + $37,500 = $67,500

Cash flow in year 5 = $30,000 + $100,000 = $130,000

In the first year, -150,000 + $40,000 = $-110,000 is recovered

In the second year, $-110,000 + $55,000 = $-55,000 is recovered

In the third year, $-55,000 + $80,000 = $25,000 is recovered.

The cash payback period is 2 years + $-55,000 / $80,000 = 2.69 years

I hope my answer helps you

6 0
3 years ago
Scrantone is a paper mill and supplier serving the upper midwest. since the commercial paper market is saturated, the only room
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Answer:

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3 years ago
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