Business, 02.11.2020 16:50 reeseleprell4141

Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.)1) Acquired $1,350 cash from the issue of common stock.2) Borrowed $820 from a bank.3) Earned $1,000 of revenues cash.4) Paid expenses of $330.5) Paid a $130 dividend. During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.)1) Issued an additional $725 of common stock.2) Repaid $500 of its debt to the bank.3) Earned revenues of $1,150 cash.4) Incurred expenses of $520.5) Paid dividends of $180.What is the net cash inflow from operating activities on Packard's statement of cash flows for Year 2

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Answers: 1

continue

Business, 22.06.2019 20:10, Maria3737

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

Answers: 1

continue

Business, 22.06.2019 20:30, capybaracaptin2895

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

Answers: 3

continue

Business, 22.06.2019 22:00, emilyswinge4421

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)

Answers: 3

continue

You know the right answer?

Packard Company engaged in the following transactions during Year 1, its first year of operations. (...