Answer:
Cash provided by financing activities = $130,000
Explanation:
Financing Activities are those activities which arrange source of money for the company and further any kind of cost in terms of dividend paid or interest paid towards such finance and repayment of such funds, are all included under such activities.
Here, in the given instance, we have
Issuance of bonds $100,000 Will generate cash inflow
Sale of investment is investing activity and not financing
Issuance of common stock $60,000 will generate cash inflow
Payment of cash dividends $30,000 is a cash outflow
Cash provided by financing activities = $100,000 + $60,000 - $30,000 = $130,000
Answer:
$7,604,500
Explanation:
Total cost of goods sold:
= Cost of goods sold of Patti Company + Cost of goods sold of Shannon Inc.
= $7,500,000 + $160,000
= $7,660,000
Consolidated cost of goods sold:
= Total cost of goods sold - Intra-Entity sales added in cost of goods sold of Shannon Inc. + Unrealized profit on ending inventory eliminated by adjusting cost of goods sold
= $7,660,000 - $60,000 + ($60,000 × 0.25) × 30%
= $7,660,000 - $60,000 + $4,500
= $7,604,500
Answer: Planning reduces creativity
Explanation:
Under Planning reduces creativity, all team menbers are instructed or directed to work within the frame given by the management to them, working outside the frame of what was issued would go against the directives of the organization. This type of limitation of planning limits creativity, because members won't be able to introduce ideas to advance the growth of the team.
