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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

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Why is it important for organizations to accurately estimate the demand for a good or​ service? A. To decrease the fixed costs o
Yuki888 [10]

Answer:

B. To plan​ production, marketing, and budgets

Explanation:

A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.  

4 0
3 years ago
Crowl Corporation is investigating automating a process by purchasing a machine for $802,800 that would have a 9 year useful lif
Annette [7]

Answer:

Simple rate of return = 6.25%

Explanation:

As per the data given in the question,

Net operating income = saving - depreciation on machine

Investment =  cost price - scrap value

So, we can calculate the simple rate of return by using following formula:

Simple rate of return = Net operating income ÷ investment

By putting the value, we get

= ($138,000 - $89,200) ÷ ($802,800 - $22,200)

= 0.0625

= 6.25%

3 0
3 years ago
Minion, Inc., has no debt outstanding and a total market value of $344,400. Earnings before interest and taxes, EBIT, are projec
loris [4]

Answer:

A. $5.97

$6.99

$4.42

B. 17%

26%

Explanation:

A. If Economy conditions are normal

$49,000 / 8,200 shares = $5.97 each

If Economy expands

$49,000 * 117 / 100 = $57,330

$57,330 / 8,200 shares = $6.99 each

If Economy is in recession

$49,000 * 74 / 100 = $36,260

$36,260 / 8,200 = $4.42 each

B.

If Economy expands

$6.99 - $5.97 = $1.02

$1.02 / $5.97 * 100 = 17%

If Economy is in recession

$4.42 - $5.97 = -$1.55

-$1.55 / $5.97 = -26%

6 0
2 years ago
under a fractional reserve banking system the amount of money loaned out can only increase if what happens
Bogdan [553]

Answer:

<em>The Required Reserve Ratio Is Lowered</em>

hope it helps:)

3 0
3 years ago
Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun t
ryzh [129]

The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario,  the greatest economic challenge that Country D is facing-<u>is that of inflation</u>

Explanation:

Inflation can be defined as  a quantitative measure of the rate at which the average price level of a goods and services in an economy increases over a period of time.

Inflation indicates a decrease in the purchasing power of a nation's currency

In Country D also similar situation is being witnessed

the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario,  the greatest economic challenge that Country D is facing-<u>is that of inflation</u>

4 0
3 years ago
Read 2 more answers
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