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lara31 [8.8K]
1 year ago
13

During the last year, Len Corp. generated $1,170.00 million in cash flow from operating activities and had negative cash flow ge

nerated from investing activities (-640.00 million). At the end of the first year, Len Corp. had $200 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm’s cash flow (CF) due to financing activities in the second year?
Business
1 answer:
Anit [1.1K]1 year ago
8 0

Answer:

The firm’s cash flow (CF) due to financing activities in the second year is    - $450 million

Explanation:

As we know that,

Net increase in cash = Operating activity - investing activity - financing activity

where,

Net increase in cash = Ending balance of second year  - ending balance of first year

= $280 million - $200 million

= $80 million

The other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

$80 million = $1,170 million - $640 million + financing activity

$80 million = $530 + financing activity

So, financing activity = $80 million - $530 million

                                   = - $450 million

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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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6 0
2 years ago
You are asked to complete the weekly StrongPak Scan. It contains several loose pills, unwanted bulk chemicals, and expired amber
satela [25.4K]

Answer:

If you have not been trained to process damages / final disposition items and you need to dispose of Front Store items that may be considered hazardous waste, you must contact the Manager-on-Duty.

If you have been trained and assigned, you should be able to read product labels to determine if a product may be considered hazardous waste when scanning.

Moreso, if in doubt and If someone is not available to answer your question about a waste, you should immediately place the item in a StrongPak self-sealing bag and set it aside in the damages processing area until a properly trained person can make a hazardous waste determination.

Every drug sales outlet uses a waste management program to properly manage hazardous waste until it is picked up by Stericycle for disposal at a licensed facility.

Also, check for the 2 x 2 Returns Window, to determine if an expired bottle of a drug could be returned.

6 0
1 year ago
Dell is a product of the Digby company. Digby's sales forecast for Dell is 2079 units. Digby wants to have an extra 10% of units
Thepotemich [5.8K]

Answer:

Option (B) is correct.

Explanation:

Sales forecast = 2079 units

Ending Inventory to be maintained:

= 10% of forecast sales

= 10% (2079 units)

= 208 units

Production:

= Sales + Ending Inventory - Beginning Inventory

= 2079 units + 208 units - Nil  

= 2,287 units

Taking current inventory into account, Dell's Production of 2,287 units After Adjustment have to be in order to have a 10% reserve of units available for sale.

8 0
2 years ago
At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,035. The pr
creativ13 [48]

Answer:

correct answer is C. Credit to Cash Over and Short for $35

Explanation:

given data

cash sales = $1,000

cash in register = $1,035

solution

we actual cash per the count is  $1,035

Cash account will be debited by the same

and Sale account will be credit to extent

and difference in count of cash and the cash register tape as

difference in count of cash = $1035 - $1000

difference in count of cash = $35

so correct answer is C. Credit to Cash Over and Short for $35

3 0
2 years ago
The following stock transactions were completed by the executive vice president of Vinco, Inc., a publicly traded corporation: J
kirza4 [7]

Answer:

d- EVP has a short-term swing profit is $3000

Explanation:

Lets first understand what short-term swing profit is. Short-term swing profit is profit dependent upon a rule normally set by the securities & exchange commission which states that  any profits made by company insiders through the purchase and sale of share/stocks within six months must be returned to the company. Company insiders are people/employees working within the entity mostly having more than 10% of company's shares or employees such as executives, directors and managers.

Now It's not clear from the question what the purchase price of the shares was when EVP sold them on January 12 2016, assuming these shares were purchased at $20, then the short-term swing profit would be $2000 as at January. Then EVP purchases 100 shares at $20 and sells them at $30 per share as at june. The additional short-term swing profit would be $1000 (i.e $30-$20=$10 per share).

Therefore the total short-term swing profit is $3000

4 0
2 years ago
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