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Damm [24]
3 years ago
12

Procter & Gamble's June 30, 2016, financial statements reported the following (in millions): Cash, beginning of year $ 6,836

Cash, end of year 7,102 Cash from operating activities 15,435 Cash from investing activities (5,575 ) What did Procter & Gamble report for cash from financing activities for the year ended June 30, 2016?
Business
2 answers:
Klio2033 [76]3 years ago
4 0

Answer:

($9,594)

Explanation:

In the statements of cash flows, transactions during the period are recognized in 3 buckets. These are operating, investing and financing activities. The cash flow statement shows the movement in the cash balance at the start and end of the year is as a result of these activities.

Hence ,

$6,836 + $15,435 - $5,575 + T = $7,102

Where T is the cash from financing activities

T = $7,102 + $5,575 - $6,836 - $15,435

T = ($9,594)

It means that the financing activities used up $9,594.

Anastasy [175]3 years ago
3 0

Answer:

($9,594)

Explanation:

GIVEN THE FOLLOWING ;

P&G FINANCIAL STATEMENT :

BEGINNING = $6836 MILLION

ENDING = $7102 MILLION

OPERATING ACTIVITIES = $15,435 MILLION

INVESTING ACTIVITIES = ($5575 MILLION)

FINANCING ACTIVITIES =?

Cash and beginning cash refers to the money or cash at the beginning and end of a business year.

Analysis of Cashflow is divided into Investing, Financing and operating activities

THEREFORE :

ENDING - BEGINNING = INVESTING + OPERATING + FINANCING ACTIVITIES

$(7,102 - 6836) = (5575) + $15,435 + FINANCING

$266 = - $5,575 + $15,435 + FINANCING

$266 = $9,860 + FINANCING ACTIVITIES

-$9594 = FINANCING ACTIVITIES.

($9,594)

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NeX [460]

Answer:

1. $ 136,500

2. $70000

3. Medical market

Explanation:

1. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the MEDICAL MARKET

First is to calculate the sales

Sales = (400 000 + 70 000)

Sales = $470 000

Second step is to calculate the profit

Variable cost =$470 000 *65%

Variable cost=$305 500

Contribution =$470 000*35%

Contribution =$164,500

Fixed Expense= $28 000

Profit = $ 136,500

Now let calculate the Difference made by advertisement

Difference = 136500 - 120000

Difference=16500

2. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the

DENTAL MARKET

vcr Of The Dental market = 50%

Variable cost =50% $260 000

Variable cost = $130 000

Contribution = $130 000

Fixed expenses = $60 000

Profit = $70000

Now let determine difference made by the advertisement

Difference =(70000) - 48000

Difference= 22000

3. Based On the above calculation the markets I would recommend that the company focus its advertising campaign is medical market

8 0
2 years ago
Money is
Contact [7]

Answer:

a)

Explanation:

money is a valuable because it is backed by gold

8 0
3 years ago
The following are selected 2017 transactions of Sean Astin Corporation.
Vadim26 [7]

Answer and Explanation:

The Journal entries are shown below:-

A. a. Purchase Dr, $50,000

           To Accounts payable $50,000

(Being purchase of inventory is recorded)

b.Accounts payable Dr, $50,000

            To Notes payable $50,000

(Being issuance of notes is recorded)

c.Cash Dr, $50,000

  Discount on notes payable Dr, $4,000

             To Notes payable $54,000

(Being amount borrowed from bank and issued notes is recorded)

B. a. Interest expenses Dr, $1,000 ($50,000 × 8% × 3 ÷ 12)

            To Interest payable $1,000

(Being interest expenses is recorded)

b. Interest expenses Dr, $1,000 ($4,000 × 3 ÷ 12)

                 To Discount on notes payable $1,000

(Being interest expenses is recorded)

C. The Computation of interest-bearing note and the zero-interest-bearing note is shown below:-

Interest-bearing note = Note payable + Interest payable

= $50,000 + $1,000

= $51,000

Zero-interest-bearing note = Note payable - Discount

= $54,000 - ($4,000 - $1,000)

= $54,000 - $3,000

= $51,000

8 0
3 years ago
Which of the following choices correctly depicts whether McDonald's, the University Wisconsin, and Apple Inc. would have a need
Crazy boy [7]

Answer:

a. The division of activities into unit level, batch level, product sustaining level and facility level categories is commonly known as cost.

Explanation:

The managerial accounting is important for any service business. McDonalds have service business and they run on zero tolerance for disruption in consumer service. Management accounting enables to identify cost for product sustaining and batch producing.

3 0
3 years ago
Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase
Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

<u><em>Explanation</em></u>:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.

  • Total cost= 2400+ (34*100,000)= 3,400,000
  • Total Revenue= 150*100,000= $15,000,000
  • Net income= 15,000,000-3,400,000= $11,600,000

The Net income is therefore $11,600,000.

7 0
3 years ago
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