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
kykrilka [37]
3 years ago
8

In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. colle

cted the following information: ($ in millions) Payment for the early extinguishments of long-term notes (book value: $71.0 million) $ 75.0 Sale of common shares 220.0 Retirement of common shares 133.0 Loss on sale of equipment 3.1 Proceeds from sale of equipment 12.4 Issuance of short-term note payable for cash 21.0 Acquisition of building for cash 12.5 Purchase of marketable securities (not a cash equivalent) 16.0 Purchase of marketable securities (considered a cash equivalent) 12.0 Cash payment for 3-year insurance policy 14.0 Collection of note receivable with interest (principal amount, $22) 24.0 Declaration of cash dividends 54.0 Distribution of cash dividends declared in 2017 51.0 Required: 1. In Millennium’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2018? 2. In Millennium’s statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2018?
Business
1 answer:
ValentinkaMS [17]3 years ago
3 0

Answer:

cash flow used on financing activities       (18.0)

cash flow generated from investing activies    7.9

Explanation:

<u>cash from financing</u>

Sale of common shares                            220.0

Issuance of short-term note                        21.0

extinguishment of long-term debt             (75.0)

Retirement of common shares                 (133.0)

Cash dividends distributed                      <u>  (51.0)  </u>

cash flow used on financing activities       (18.0)

<u>cash from investing</u>

sale of equipment proceeds                             12.4

note receivable  proceeds                               24.0

acquisition of building                                      (12.5)

marketable securities                                     <u>  (16.0)  </u>

cash flow generated from investing activies    7.9

You might be interested in
An individual who makes $32,000 per year anticipates retiring in 30 years. If their salary is increased by $600 each year and th
Zepler [3.9K]

Answer:

$366,287.15

Explanation:

Annual salary = $32000  

No. of years (n) = 30 years

Increment in salary = $600

Deposit rate = 10%

Interest rate (r) = 7% or 0.07

Growth rate (g) = Increment in salary \div annual salary

Growth rate = $600 \ $32000

Growth rate = 0.01875

First deposit = $32000 x 10% = $3200

Future worth = [First deposit \ (r - g)] x [(1 + r)n - (1 + g)n]

Future worth = [$3200 \ (0.07 - 0.01875)] x [(1 + 0.07)30 - (1 + 0.01875)30]

Future worth = [$3200 \ 0.05125] x [(1.07)30 - (1.01875)30]

Future worth = $62439.0243902 x [7.6122550423 - 1.7459373366]

Future worth = $62439.0243902 x 5.8663177057

Future worth = $366287.15

Hence, the future worth at retirement is $366,287.15

7 0
3 years ago
Darrin’s employees are highly skilled, so he allows them free rein to do their jobs.
Oxana [17]

Answer::Leader-Member exchange , Out group members

Explanation:Leader-Member exchange theory is a relationship based theory of leadership  that exists between the leading managers and their n employees  together with their  interaction  with each other leading to a productive  workplace environment for both individuals.

The  created relationship can either succeed   when there is trust and mutual respect leading to effective employees  or  fail by producing  undesired result in terms of a hostile relationship leading to low efficiency and productivity from employees

According to the leader member exchange theory, leaders tend to  create  different relationships with followers by forming two groups----- in group members  and out group members

of which the outgroup members are  given less responsibilities with less attention and work outside  the leaders inner circle of communication and therefore are less likely to engage in organizational citizenship than other employees.

4 0
3 years ago
In the context of using information technologies for a competitive advantage, which statement is true of a top-line strategy? a.
Rudiy27

Answer:

a. It focuses on generating new revenue by offering new products and services.

Explanation:

An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products. Thus, an information system or technology interacts with its environment by receiving data in its raw forms and information in a usable format.

Information technology is an integral part of human life because individuals, organizations, and institutions rely on information technologies in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.

Additionally, an information system comprises of five (5) main components;

1. Hardware.

2. Software.

3. Database.

4. Human resources.

5. Telecommunications.

Hence, in the context of using information technologies for a competitive advantage over rivals in the industry, the statement which is true of a top-line strategy is that, it focuses on generating new revenue by offering new products and services. The top-line strategy ensures that the company continues to generate gross revenue or sales.

6 0
3 years ago
What type of wave is sound?
Irina18 [472]

Answer:

b longitudinal

Explanation:

it is b longitudinal. I just know

7 0
2 years ago
Read 2 more answers
Which of the following statements accurately describes the relationship between earnings and dividends when all other factors ar
poizon [28]

Answer:

The correct answer is: Retaining a higher percentage of earnings will result in a lower growth rate.; Long-run earnings growth will decrease when firms retain earnings and reinvest them in the business.

Explanation:

In the first statement, a deliberate action is shown that consists of the capitalization of the entity, that is, the equity is accumulated in order to distribute it among the shareholders and leave a part to support the company. In the second statement, it means that the positive results of the company will not be seen in the long term due to management's dispositions to execute a policy to capitalize the entity and improve its cash flow by reinvesting the perceived resources.

7 0
3 years ago
Other questions:
  • Is the state court in Nebraska obligated to follow the California Supreme Court’s decision? Explain. At least a four-sentence an
    15·1 answer
  • A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2021. Accounting records on that date indicated the following:
    13·1 answer
  • The largest sector in core economies is the tertiary sector; activities in this sector include __________________
    8·1 answer
  • Which of the following is the term often used to describe a defective vehicle?
    14·1 answer
  • When choosing between mutually exclusive projects, what is the best method to use?
    12·1 answer
  • Use the ethical tools from the readings to discuss the ramifications of electronic medical records. Suppose that there was a nat
    12·1 answer
  • All of the following are economic institutions EXCEPT
    5·1 answer
  • With his parents' permission, David, a ten-year-old, purchased a plastic snow sled from Kmart. He went sledding, lost control, h
    14·1 answer
  • What do you think is the most important thing an advertising professional must remember when using social media?
    7·1 answer
  • a high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!