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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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Higado Confectionery Corporation has a number of store locations throughout North America. In income statements segmented by sto
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Answer:

c. the cost of corporate advertising aired during the Super Bowl.

Explanation:

Financial statements show the financial position of a business for a given period, and the income statement compares revenue and expenses to get profitability of a business at a particular time.

Higado Confectionery Corporation has a number of store locations throughout North America. Since there is segmented income statement per store items like store manager salaries, store building depreciation expense and cost of goods sold at each store will appear in individual statements.

However when there is a corporate advertisement at the Superbowl all of the stores jointly benefit, so there will be a representation of this cost on all their income statements.

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3 years ago
A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t
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The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.


To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

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Inventory level = $750 (500 x 1.1) = $412,500

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3 years ago
The marketing strategy and plan for any health care organization is derived from: question 4 options:
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Answer:

Option B Strategic Plan

Explanation:

The reason is that the organization strategic plan has a greater impact in formulation of marketing strategy and its execution. Strategic plan are more useful than the pestle analysis because strategic options are formulated by reviewing the SWOT, PESTLE and other information such as mission, etc. The strategic option choosed is our strategic plan so for the best results all we want is strategic plan to formulate marketing strategy.

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3 years ago
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DENIUS [597]

Answer:

The answer is B :)

Explanation:

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2 years ago
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The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large
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Answer:

Convertible bonds

Explanation:

One advantege of convertible bonds for the issuer is that bondholders are willing to accept a loxer interest rate because they have an option of converting their bonds to common stock.  

If a company wants to issue bonds at an interest rate that is lower than the current market interest rate, they should offer convertible bonds.

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3 years ago
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