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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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3 years ago
Landis Company purchased $2,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 an
yanalaym [24]

Answer:

correct option is c. $51,240

Explanation:

given data

fair value of Ritter  Inc = $2,120,000

Landis Company purchased = $2,000,000

rate = 8 %

time = 5 year

bonds sold =  $2,083,160

rate = 7%

premiums July 1 =  $7,080

premiums December 31 = $7,320

solution

we get here Landis Company  comprehensive income as separate component of stockholders' equity  that is express as

comprehensive income = fair value of Ritter - ( bonds sold - premiums July 1  - premiums December 31 )  ..................1

put here value and we get

comprehensive income = $2,120,000 - ( $2,083,160 - $7,080 - $7,320  )

comprehensive income =  $51240

so correct option is c. $51,240

7 0
3 years ago
The phrase laissez-faire means which of the following?
Ksivusya [100]
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The labor-supply curve is affected by the trade-off between labor and leisure.
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TRUE.

The labor-supply curve is affected by the trade-off between labor and leisure.

The  opportunity cost of leisure depends on the wage rate, it increases and people supply more labor. Main factors determining the labor supply curve how desirable the work appears to its employees relative to the alternatives available in the market.

Other factors that encourages are government policies and procedures that are labor and trade effective or not. The quantity of workers trained for a particular job specifications. The number of workers in economy and the education required further.

To learn more about labor supply here,

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4 0
2 years ago
The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is divided into three activity pool
tatuchka [14]

Answer:

The ABC overhead for a Deluxe kayak will be $170.93

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We are going to divide the overhead cost over the cost driver of each activity.

\left[\begin{array}{cccc}-&Overhead&Total&Rate\\fabric&246,000&10,000&24.6\\assembly&144,000&32,000&4.5\\setup&110,000&15&7,333.33\\\end{array}\right]

Now we apply the rate to Deluxe Kayak:

\left[\begin{array}{cccc}-&Rate&Deluxe&Overhead\\fabric&24.6&10,000&246,000\\assembly&4.5&24,000&108,000\\setup&7,333.33&10&73,333.33\\Total&-&-&427,333.33\\\end{array}\right]

Finally we divide the overhead for Deluxe between the units produced

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3 0
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