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
goblinko [34]
4 years ago
9

Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million, and $40.4 million, res

pectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.2 million, $25.2 million, and $12.2 million, respectively.
What amount should the company report as net cash flows from investing activities? (Enter your answers in millions rounded to one decimal places. List cash outflows as negative amounts.)
Business
1 answer:
cupoosta [38]4 years ago
4 0

Answer:

Net cash flow from investing activities is $47.2 million -$58.6 million =-11.4 million.

Explanation:

Draft Cashflow Statement.

Operating Activities; $0.0 million

Investing Activties;

Cash Inflows;

Sales of ; investment $32.0 million,plus sales of Land $15.2 million =$47.2 million.

Cash outflows; Purchase of ; treasury stock -$21.2, plus equipment -$25.2 million, plus patent -$12.2 million =-$58.6 million

Net cash flow from investing activities is $47.2 million less $58.6 million=-11.4 million.

Financing Activities;

Issues of common stock $40.4

Note that sales of own common stock is a financing activity

You might be interested in
Sales Transactions and T Accounts Using T accounts for Cash, Accounts Receivable, Sales Tax Payable, Sales, Sales Returns and Al
MA_775_DIABLO [31]

Answer:

Payment id received for merchanise sold on account

4 0
3 years ago
True or false: transfer payments are accounted for in the consumption component of gdp. true false
TiliK225 [7]
True I think. Hope it helps
3 0
3 years ago
Job design refers to the process of defining the way work will be performed and the tasks that will be required in a given job.
miskamm [114]

Answer:

1. The main priority for workers at a manufacturing facility is to maximize efficiency.

Industrial engineering. Because it is designed to increase efficiency..

2. A trucking firm is adding an air-suspension seat to its new line of trucks to help prevent drivers from experiencing chronic back pain.

Ergonomic. Because this structure is designed to increase health and safety.

3. A construction company is improving absenteeism and worker satisfaction by decreasing the amount of heavy lifting and overhead work expected of employees.

Ergonomic.The same goes about ensuring safety and health.

4. A smoke alarm manufacturer increases employee task significance by showing workers how their work contributes to the final product, which can ultimately save lives.

Motivation. Because this covers work enhancement, flexibility and more.

5. A clothing manufacturer is expanding to developing countries where employees will receive training on the single best way to produce each item of clothing.

Industrial engineering. Because it is used to increase efficiency.

6. A local coffeehouse is designing its jobs to ensure that employees do not feel pressure to process information beyond their capabilities.

Mental capacity. Since the boundaries and constraints of mental health are measured.

7. Librarians at the local library are being trained and motivated to be more involved with their job and decision making.

Motivation. Because this covers work enhancement, flexibility and more.

8. A medical services company is considering employee cognitive capabilities and limitations while in the process of redesigning jobs.

Mental capacity. Since the boundaries and constraints of mental health are measured.

6 0
3 years ago
Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year wit
Alexus [3.1K]

Answer:

The annual salary for each of these offers is probably:

lowest at the high school

in the middle at the bank

highest at the investment firm.

4 0
3 years ago
Read 2 more answers
A company is usually unable to take advantage of economies of scale during the __________ stage of the product life cycle.
AfilCa [17]

The Correct Answer Is C.

Growth

5 0
3 years ago
Read 2 more answers
Other questions:
  • Explain why it is important to study your industry before developing<br> a business concept.
    14·1 answer
  • The following information pertains to Guy’s Gear Company: Sales $ 75,000 Expenses: Cost of Goods Sold $ 47,500 Depreciation Expe
    8·1 answer
  • What might explain the decline in trust during this time? explain the decline in trust both in terms of the "moral trust" and "r
    9·1 answer
  • Mary and Sam are the only two growers who provide organically grown corn to a local grocery store. They know that if they cooper
    10·1 answer
  • The fact that there is a criminal investigation pending against Johnson and Johnson suggests that regulators feel that the compa
    6·1 answer
  • Pioneer or breakthrough products:___________
    13·1 answer
  • What is the function of product and service management​
    11·1 answer
  • Merchandise inventory is classified on the balance sheet as a
    8·1 answer
  • There is an 80/20 rule in sales that ___ eighty percent of a company’s sales come from twenty percent of their customers. Theref
    6·1 answer
  • A marketing strategy that involves a firm using different marketing mix activities to help consumers perceive the product as bei
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!