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uysha [10]
3 years ago
14

In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the f

ollowing information:
($ in millions)
Fair value of shares issued in a stock dividend $108.0
Payment for the early extinguishment of long-term bonds (book value: $91.0 million) 96.0
Proceeds from the sale of treasury stock (cost: $27.0 million) 32.0
Gain on sale of land 3.6
Proceeds from sale of land 10.8
Purchase of Microsoft common stock 162.0
Declaration of cash dividends 61.0
Distribution of cash dividends declared in 2020 58.0

Required:
a. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016?
b. In Rapid Pac's statement of cash flows. what were net cash inflows (or outflows) from financing activities for 2016?
Business
1 answer:
wariber [46]3 years ago
8 0

Answer:

a. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016?

Proceeds from sale of land $10.8

Purchase of Microsoft common stock -$162.0

net outflow = -$151.2 million

b. In Rapid Pac's statement of cash flows. what were net cash inflows (or outflows) from financing activities for 2016?

Payment for the early extinguishment of long-term bonds (book value: $91.0 million) -$91.0

Proceeds from the sale of treasury stock (cost: $27.0 million) $32.0

Distribution of cash dividends declared in 2020 -$58.0

net outflow = -$117 million

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Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve. 

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in  price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied.  This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

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Changes in price of similar goods

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Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

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3 years ago
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Answer:

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Infant-industry argument

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