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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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An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cos
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Answer:

(1) \text{Total Cost}=1246.67+7.60\ \text{Volume}

(2) The variable cost per unit produced is $7.60.

(3) The coefficient of determination is 0.96 or 96%.

(4) The estimated total cost is $5,046.67.

Explanation:

A regression analysis for the provided data is performed on Microsoft Excel.

The output is attached below.

(1)

The estimated regression equation that could be used to predict the total cost for a given production volume is:

\text{Total Cost}=1246.67+7.60\ \text{Volume}

(2)

The variable cost per unit produced is given by the slope of the line.

The slope of a regression line represent the value of the dependent variable for one unit of the independent variable.

So, the variable cost per unit produced is $7.60.

(3)

Consider the regression output attached.

The coefficient of determination is 0.96 or 96%.

This implies that the percentage of the variation in total cost that can be explained by production volume is 96%.

(4)

For Volume = 500 units predict the total cost as follows:

\text{Total Cost}=1246.67+7.60\ \text{Volume}

                 =1246.67+(7.60\times 500)\\\\=1246.67+3800\\\\=5046.67

Thus, the estimated total cost is $5,046.67.

4 0
3 years ago
On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu
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Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

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net cash received = $ 700 - $ 14

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Answer:

The market mechanism

Explanation:

This is where demand meets supply and a price is agreed

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