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EastWind [94]
3 years ago
11

Selected information from Illikon Corporation's accounting records and financial statements for 2021 is as follows ($ in million

s): Cash paid to acquire equipment $ 120 Cash paid to acquire land 54 Treasury stock acquired with cash and then retired 75 Dividend revenue received 66 Gain from the sale of buildings 78 Proceeds from sale of buildings 135 In its statement of cash flows, Illikon should report net cash outflows from investing activities of:
Business
1 answer:
siniylev [52]3 years ago
6 0

Answer:

$39

Explanation:

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

We can calculate the Net cash outflow by using following formula:

Net cash outflow from investing activities to be reported  = Cash paid to acquire equipment + Cash paid to acquire land - Proceeds from sale of building

By putting the value in the formula, we get

= $120 + $54 - $135

= $39

Hence, Net cash outflow from investing activities to be reported is $39.

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Answer:

so value of the mistake is $311685.71

Explanation:

given data

present value = $1,200,000

time = 6 year

discount rate = 18%

discount rate = 8%

to find out

What is the dollar value of the mistake

solution

we get here present value that is express as for both rate that is

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present value =  \frac{1200000}{(1+0.18)^6}

present value 1 = $444517.85

and

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present value 2 = $756203.55

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difference is = $311685.71

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7 0
3 years ago
Alex, an American, was invited to a formal dinner by his French manager. He was not sure about the correct flatware to be used f
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3 years ago
A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t
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Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

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We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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3 years ago
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Answer:

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The history of cell phones shows a marketing trend that markets evolve towards greater heterogeneity over time.

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