In preparation for developing its statement of cash flows for the year ended december 31, 2016, rapid pac, inc., collected the following information: ($ in millions) fair value of shares issued in a stock dividend $ 88.0 payment for the early extinguishment of long-term bonds (book value: $86.0 million) 91.0 proceeds from the sale of treasury stock (cost: $22.0 million) 27.0 gain on sale of land 3.1 proceeds from sale of land 9.3 purchase of microsoft common stock 152.0 declaration of cash dividends 56.0 distribution of cash dividends declared in 2015 52.0

required:

1. in rapid pacâs statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016?

2. in rapid pacâs statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2016?

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).

Which of the following would be an accurate statement about achieving a balanced budget