1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DENIUS [597]
3 years ago
14

Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $14.8 million, and $39.6 million, res

pectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.8 million, $24.8 million, and $11.8 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities
Business
1 answer:
STatiana [176]3 years ago
4 0

Answer:

Creative Sound Systems should report $18,800,000 as net cash flows from financing activities

Explanation:

Cash flow Financing activities are the funds that the business acquire or paid to finance its main activities, these involve borrowing and repaying short-term loans, long-term loans and other long-term liabilities.

From the question, Cash inflow from Issue of common share and Cash outflow from purchase of treasury stock are the only recognizable Financing activities

Particulars                                                                Amount

Cash inflow from Issue of common share              $39,600,000

Cash outflow from purchase of treasury stock     -$20,800,000

Net cash flows from financing activities              $18,800,000

You might be interested in
A Statement of Financial Position is a formal statement presenting the three accounting elements which are?
RSB [31]

The financial statement called the Statement of Financial Position is also known as the Balance Sheet.

The three accounting elements that are included on this statement are the Assets, Liabilities and Owner’s Equity.

4 0
3 years ago
Offering regular customers discounts on products is know as a
Alexxx [7]

Answer:

External customer incentives

Explanation:

External customer incentives are similar to customer incentives. The phrase external distinguishes between internal customers or company employees and other customers who chose to buy the company's products.

Customer incentives are offers given to customers by a company to attract and retain them. Businesses use incentives to convert potential customers into paying clients. Discounts are an example of external customer incentives.  They are used when a business faces competition from similar products by other companies. Business also offer end of the year, anniversary, and other seasonal discounts.

7 0
3 years ago
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
Step2247 [10]

Answer:

The equivalent units of production for October are :

Raw Materials = 423,750

Conversion Costs = 418,500

Explanation:

<u>Calculation of Equivalent Units of Production</u>

1. Raw Materials

Ending Work In Process Inventory (25,000 × 71%)          17,750

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 423,750

2. Conversion Costs

Ending Work In Process Inventory (25,000 × 50%)        12,500

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 418,500

3 0
3 years ago
Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance
natali 33 [55]

Answer: Reach out to her Medicaid for their programs

Explanation:

There are programs that are set up to assist retiree's. Mrs Park should reach out to her state Medicaid agency and enquire if she is qualified for the programs they run which would assist her income.

4 0
2 years ago
Read 2 more answers
Assume that you are a consultant to Lotte Inc., and you have been provided with the following data: D1 = $0.67; P0 = $27.50; and
Eduardwww [97]

The cost of equity from retained earnings based on the DCF approach=9.44%

Explanation:

  • The cost of equity from retained earnings based on the DCF approach can be calculated as follows,
  • For D1  = $0.67
  • For P0 = $27.50
  • For  g = 7.00%
  • Therefore, rs = \frac{D1}{PO} + g
  • The answer is =9.44%

8 0
3 years ago
Other questions:
  • Measures to ensure environmental sustainability
    10·1 answer
  • All of the following information about a customer must be used in determining annuity suitability EXCEPT
    5·1 answer
  • Select the correct answer from the drop-down menu. You are invited to your company’s special team lunch. would be the most appro
    9·1 answer
  • Using a combination approach of your own words and research to define a project. What are five characteristics which help differ
    13·1 answer
  • Instead of only meeting the goals of upper management, Malcolm also could have tried to meet the goals of his team members. This
    9·2 answers
  • LO 3.2A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the company’s pre-tax
    11·1 answer
  • Which of the following is true about the short-run aggregate supply curve.
    12·1 answer
  • g On November 1, 2020, 5M Corporation entered into a purchase contract (not subject to revision or cancellation) to purchase 750
    6·1 answer
  • Suppose you put half of your money in Monster Beverage and half in IBM. What would the beta of this combination be if Monster Be
    9·1 answer
  • How would non repayment of loan affect the economy of the country?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!