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BARSIC [14]
3 years ago
11

Reebok International Ltd. is a global company that designs and markets sports and fitness products, including footwear, apparel,

and accessories. Some of the items included in its recent annual consolidated statement of cash flows presented using the indirect method are listed here. Indicate whether each item is disclosed in the Operating Activities (O), Investing Activities (I), or Financing Activities (F) section of the statement or (NA) if the item does not appear on the statement. (Note: This is the exact wording used on the actual statement.)
Business
1 answer:
zubka84 [21]3 years ago
5 0

Answer:

Dividends paid ⇒ Financing Activities (F)

Repayments of long term debt  ⇒ Financing Activities (F)

Depreciation and amortization  ⇒ (NA)

Proceeds from issuance of common stock to employees   ⇒ (NA)

Change in accounts payable and accrued expenses  ⇒  Operating Activities (O)

Cash collections from customers  ⇒  Operating Activities (O)

Net repayments of notes payable to banks   ⇒ Financing Activities (F)

Net income   ⇒ Operating Activities (O)

Payments to acquire property and equipment   ⇒ Investing Activities (I)

Change in inventory   ⇒ Operating Activities (O)

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Bart Just purchased a security for $17,000. This security will pay him $8,500 two years from today, $9,000 6 years from today an
andre [41]

Answer:

$,9789.97

Explanation:

Calculation to Find the payment (X) that he will receive at year 10

Using this formula

Let plug in the formula

Present Value = CF2/(1+r)^2 + CF6/(1+r)^6 + CF10/(1+r)^10 + CF4/(1+r)^4

Let plug in the formula

17,000 = 8,500/1.06^2 + 9,000/1.06^6 + X/1.06^10 - 3,000/1.06^4

Payment (X) = (17,000 - 13,909.61 + 2,376.28)*1.06^10

Payment (X) == $,9789.97

Therefore the payment (X) that he will receive at year 10 will be $,9789.97

3 0
3 years ago
Net exports are negative when: A) a nation's imports exceed its exports. B) the economy's stock of capital goods is declining. C
puteri [66]
I think it’s d chose d and let me know!!
8 0
3 years ago
If overhead is overapplied, it means that individual jobs have not been charged enough overhead during the year and the cost of
steposvetlana [31]

Answer:

True

Explanation:

At the end of the manufacturing period the overhead cost applied to manufactured goods are compared to actual cost incurred.

If, Actual Overheads > Applied overheads, we say overheads are underapplied. this means the cost of goods sold has been charged too little and must be increased.

and

If, Applied Overheads > Actual overheads, we say overheads are overapplied. this means the cost of goods sold has been charged too much and must be lowered.

8 0
3 years ago
On August 1, Ernie wrote to Elsie offering to sell Elsie his car for $7,600, and he promised to hold the offer open for ten days
Daniel [21]

Answer:

Yes, the contract is still valid.

Explanation:

Let us first clarify some terms first.

A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.

Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.

Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.

Therefore, as regards to the date on the letter, the contract is still valid.

3 0
3 years ago
Pepper Corporation owns 75 percent of Salt Company's voting shares. During 20X8, Pepper produced 50,000 chairs at a cost of $79
muminat

Answer:

Please see below

Explanation:

Given that:

Number of chairs sold = 35,000

Cost per chair $79

The cost of goods sold that must be eliminated from the consolidated

= Number of chairs sold × Cost per chair

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= $2,765,000

Therefore, for computing the cost of goods sold to be eliminated, we simply multiply the number of chairs sold with cost per chair.

4 0
3 years ago
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