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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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Interest can be regarded as the Group of answer choices
Studentka2010 [4]

Answer:

Option (b) is correct.

Explanation:

Interest refers to the amount of money that a lender can earn on giving the loans to the borrowers. Borrower is a person who is liable to pay the interest on the borrowing amount.

Normally, a person is borrowing money or funds from the lender for making investment in a certain types of capital goods.

Interest rate refers to the rate at which lender lends its loanable funds to the borrowers.

4 0
3 years ago
A U.S. firm buys merchandise today to a Japanese company for ¥100,000,000. The current exchange rate is ¥110.58/$, the account i
-Dominant- [34]

Answer:

d. transaction loss; $3,695

Explanation:

Calculations:

Today  ¥110.58 can be exchanged by $1

<h3>US firm to pay today = 100,000,000/110.58 = 904322.66</h3>

US firm had to pay $904322.66 today.

US firm chooses to pay three months after the transaction and do not uses any hedging technique.

Three months later on settlement date  ¥110.13 can be exchanged by $1, so less  ¥ can be exchanged now than three months ago ( ¥110.58). Now US firm would incur transaction loss. Translation loss/gain occurs when balance sheet of a firm is converted from one currency to another.

<h3>US firm to pay 3 months later = 100000000/110.13 = 908017.79</h3>

US firm to pay $904322.66 three months later

<h3>Transaction gain/loss = $904322.66 - $908017.79 = -$3695.13 </h3>

So US firm incurs loss of $3695.13, rounded off to $3695

6 0
3 years ago
This is a function of money in which any commodity- such as gold or currency- can be saved for later use.
Zarrin [17]
I think it is Store Of Value. 
7 0
3 years ago
Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set __________ goals
Llana [10]

Answer:

Profit

Explanation:

Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales

It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.

7 0
3 years ago
A payday loan company charges 6.00 percent interest for a two-week period. What is the annual interest rate? (Do not round inter
Mashcka [7]

Answer:

The annual interest rate is 156  percent

Explanation:

If   6.00 percent interest for a two-week period then annual interest rate =

rate for a two-week period * (52 weeks/ 2 weeks)  = 0,06 * 26 = 1,56

1,56 * 100 =  156  percent for a year period

<u>Note</u>: One year have 52 weeks

8 0
3 years ago
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