Answer:
Net cash flow from investing activities is $47.2 million -$58.6 million =-11.4 million.
Explanation:
Draft Cashflow Statement.
Operating Activities; $0.0 million
Investing Activties;
Cash Inflows;
Sales of ; investment $32.0 million,plus sales of Land $15.2 million =$47.2 million.
Cash outflows; Purchase of ; treasury stock -$21.2, plus equipment -$25.2 million, plus patent -$12.2 million =-$58.6 million
Net cash flow from investing activities is $47.2 million less $58.6 million=-11.4 million.
Financing Activities;
Issues of common stock $40.4
Note that sales of own common stock is a financing activity
Answer:
Because certain individuals rather be self-employed and given a more flexible schedule. Entrepreneurs have the ability to use their talents or ideas to gain profit.
Explanation:
Answer:
B : assets.
Explanation:
As we know that
The debit side records the expenses, assets, and losses plus there is always a debit balance. If there is an increase in these above accounts than it also contains a debit balance
While the credit side records the revenues, gains, liabilities, and the stockholder equity. If there is an increase in these above accounts than it also contains a credit balance
Answer:
Break-even point (dollars)= $219,000
Explanation:
Giving the following information:
Selling price per unit $270
Variable expense per unit $78.30
Fixed expense per month $ 155,490
To calculate the break-even point in dollars, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 155,490/ [(270 - 78.3)/270]
Break-even point (dollars)= $219,000
