Question

Problem 19-15 The following is cash flow data for Rocket Transport: Cash dividend Purchase of bus $82,000 $ 37,000 25,000 69,000 56,000 $ 95,000 320,000 Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers a. Find the net cash provided by or used in investing activities. (Input the amount as positive value.) investing activities Net cash b. Find the net cash provided by or used in financing activities (Input the amount as positive value.) financing activities Net cash c. Find the net increase or decrease in cash for the year. (Input the amount as positive value.) Net in cash

Answer 1

Operating Activities Cash Payment to Suppliers Cash collections from customers 1 Net cash provided by(used) in Operating Activities $ -95,000.00 $ 3,20,000.00 2,25,000.00 Increase Investing Activities Purchase of Bus Sale of Old Equipment 2 Net cash provided by(used) in Investing Activities $ 37,000.00 $69,000.00 $ 32,000.00 Increase a Financing Activities Cash Dividend Interest paid on debt Repurchase of Stock 3 Net cash provided by(used) in Financing Activities $ -82,000.00 $ -25,000.00 $ 56,000.00 $-1,63,000.00 Decrease 1+2+3 Net increase or (decrease) in cash and cash equivalents 94,000.00 Increase $ C