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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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3 0
1 year ago
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vivado [14]

Answer:

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3 0
1 year ago
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sineoko [7]

Answer:

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4 0
3 years ago
You deposit $2,000 in a savings account and a year later you have $2,100. Meanwhile, the consumer price index rises from 200 to
qaws [65]

Answer:

nominal interest rate = 5%

real interest rate = 3%

Explanation:

given data

deposit previous = $2,000

deposit present = $2,100

CPI consumer price index rises =  200 to 204

to find out

nominal interest rate and real interest rate

solution

we get here first nominal interest rate that is express as

nominal interest rate = ( deposit present - deposit previous ) ÷ deposit previous × 100    ..........................1

put here value we get

nominal interest rate = \frac{2100-2000}{2000}  × 100

nominal interest rate = 5%

and

now we get here inflation rate that is

inflation rate = ( CPI present - CPI previous ) ÷ CPI previous  × 100    .............2

inflation rate = \frac{204-200}{200}  × 100

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and

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real interest rate = nominal interest rate - inflation rate    .................3

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3 years ago
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