Selected information from peridot corporation's accounting records and financial statements for 2018 is as follows ($ in millions): cash paid to acquire machinery $ 30 reacquired peridot common stock 53 proceeds from sale of land 98 gain from the sale of land 52 investment revenue received 70 cash paid to acquire office equipment 82 in its statement of cash flows, peridot should report net cash outflows from investing activities of:

multiple choice
a. $22 million.
b. $85 million.
c. $14 million.

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Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?