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
A notary signing agent wants to stand out from other nsas by guaranteeing to borrowers and contracting companies that all of her
valentinak56 [21]

A notary signing agent wants to stand out from other NSA's by guaranteeing to borrowers. This is prohibited if it is stated to be a guarantee.

<h3>Who is borrower?</h3>

A borrower refers to any person or organization taking out loan from a bank under an agreement to pay back it with interest.

As per a notary signing agent wants to stand out from other NSA's by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is prohibited if it is stated to be a guarantee.

Learn more about borrower here:

brainly.com/question/18862637

#SPJ1

3 0
1 year ago
Warren Company has taken a position in its tax return to claim a tax credit of $30 million (direct reduction in taxes payable) a
shutvik [7]

Answer:

The correct answer is $84 million.

Explanation:

According to the scenario, the computation of the given data are as follows:

Taxable income = $255 million

Tax rate = 40%

Tax credit = $30 million

So, Current tax payable = $255 million × 40% = $102 million

So, Net current tax payable = Current tax payable - Tax credit

= $102 million - $30 million

= $72 million

So, we can calculate the total income tax expense by using following formula:

Total income tax expense = net current tax payable + Additional projected liability

= $72 million + ( $30 million - $18 million)

= $72 million + $12 million

= $84 million

5 0
3 years ago
This activity is focused on understanding what international business is, why and how it differs from domestic business, why it
Dafna11 [192]

Answer:

ang haba naman po

Explanation:

kaya niyo na iyan hehe

5 0
3 years ago
The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10
Vladimir [108]

Answer and Explanation:

The indication of the account, amount and the direction of the effect are as follows

As we know that

Accounting equation is

Total assets = Total liabilities + stockholder equity

Based on this, the indication and the direction aare as follows

        Assets                  =              Liabilities            +            Stockholders' Equity

A)        $13,000              =                   0                    +                 $13,000

It increased both the assets and the stockholder equity i.e capital

B)        $10,000                 =                $10,000        +                     0

It increased both the assets and the liabilities

C)       $1,100                   =                $1,100                +                     0

It increased both the assets and the liabilities

D)    +$18,000 -$1,600       =             $16,400            +                     0

It increased the land by $18,000 and decreased the cash by $1,600 and at the same time it increased the liabilities by $16,400

E)      +$6,000 -$1,600      =                  $4,400              +                    0          

It increased the equipment by $6,000 and decreased the cash by $1,600 and at the same time it also increased the liabilities by $4,400

Total   $44,900                 =                  $31,900              +                 $13,000

4 0
2 years ago
Martinez Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $166,900 to $19
kolezko [41]

Answer:

<u>monthly flexible budget for each $11,100 increment </u>

Sales                                                               $11,100

Less Sales Commissions ( $11,100 × 6%)       ($666)

Net Sales                                                       $10,434

advertising ( $11,100 × 5%)                              ($555)

traveling ( $11,100 × 4%)                                  ($444)

delivery ( $11,100 × 2%)                                   ($222)

Net Income                                                     $9,213

Explanation:

Consider Only the incremental costs and revenues.Fixed costs are not relevant for the $11,100 increment

<u />

4 0
3 years ago
Other questions:
  • Which career pathway describes the two main aspects of the Business, Management, and Administration career cluster?
    6·2 answers
  • Hey!
    5·1 answer
  • An increase in interest rates should cause level of bussiness investment spending to
    11·1 answer
  • Ellen is a manager who helps develop sales promotions, targets customers for upselling, and searches for potential new customers
    14·1 answer
  • EA13.
    12·1 answer
  • The following information is available for Sage Hill Corporation for the year ended December 31, 2022.
    8·1 answer
  • You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $32.24. At the end of the year, the fund pai
    15·1 answer
  • Condensed financial data of Monty Company for 2020 and 2019 are presented below.
    8·1 answer
  • What the role of marketing
    13·1 answer
  • What is a protein that is waterproof?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!