Homework Answers
Answers are given against each below, in bold.
a) Amount spent on new furniture: Investment cash flow
b) Business buys back corporate bonds: Financing cash flow
c) Business issues new shares of stock: Financing cash flow
d) Business orders components from supplier: Operating cash flow
e) Business sells machinery from their factory: Investment cash flow
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2) For each of the following state whether it is an operating cash flow, investment cash...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
DIRECT CASH FLOW Homework 1. Invested $200,000 to start JHJ rental car company 2. Paid cash...
DIRECT CASH FLOW Homework 1. Invested $200,000 to start JHJ rental car company 2. Paid cash of $10,000 for supplies 3. Paid cash of $24,000 for two-year insurance policy 4. Purchased equipment on account in the amount of $10,000 5. Purchased $15,000 in supplies on account 6. Purchased ten autos for $30,000 each paying $50,000 down and signed a long-term note for the balance 7. Received cash car rental revenue $400,000 8. Paid office salaries of $80,000 9. Car rental...
what was the net cash flow from operating activities? The following data is from the comparative...
what was the net cash flow from operating activities?
The following data is from the comparative balance sheets of Wilson Company: 2004 Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is some additional information Investments Equipment Accum. Depreciation Totals 5,000...
POP Financing activities section of the cash flow statement. Operating activities section of the cash flow statemen...
POP Financing activities section of the cash flow statement. Operating activities section of the cash flow statement. Investing activities section of the cash flow statement both a and b. POP The times interest earned ratio uses income before interest expense and taxes because interest and taxes are important components in all ratio analysis. paying interest and taxes does not affect a company's solvency. the ratio is easier to compute without these items. this number best represents the amount available to...
Type your answer in the box. Using the following information, determine the cash flow from operating...
Type your answer in the box. Using the following information, determine the cash flow from operating activties for the year 2014. Net income is $75,000 and depreciation expense for the year is $50,000. (Enter the nearest whole number and include the dollar sign and comma(s), as appropriate) Year-end 2013 Year-end 2014 $20,000 Cash Accounts receivable (net) $150,000 Inventory Accounts payable Salaries payable Notes Bonds payable $40,000 $180,000 $180,000 $160,000 $30,000 $5,000 $20,000 $0 $15,000 $60,000 $50,000 The cash flow from...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Problem 2 (7 points) For each item listed below, indicate which section activity) of the cash...
Problem 2 (7 points) For each item listed below, indicate which section activity) of the cash flow statement the item should be reported on as well as the amount. Section Amount 1. Declared cash dividends totaling $180,000 during the current year. The comparative balance sheet indicates dividends payable of $30,000 at the beginning of the year and $10,000 at the end of year. 2. Factory Equipment was sold for $240,000 during the year. 3. Issued 100,000 shares of $10 par...
Indicate whether each event or transaction below affects (i.e., increases or decreases) the cash flows of...
Indicate whether each event or transaction below affects
(i.e., increases or decreases) the cash flows of a
corporation related to its Operating Activities
(CFO), Investing Activities
(CFI), or Financing Activities
(CFF). Please write how much the net
change on cash flows by item will be. If the items do not
affect cash flows, please use “NA”.
Example: A company buys a new building for $200,000 paying
cash.
Answer:
CFI, -$200,000 (or -$200k)
__________ 1.
A local government donates land with fair...
Required: 1. Calculate the net cash flow from Operating, Investing & Financing activities using the Indirect...
Required: 1. Calculate the net cash flow from Operating, Investing & Financing activities using the Indirect Method 2. Calculate the cash flow increase or decrease using the Indirect Method Bar Co. had the following transactions during the current financial reporting period. Decrease in inventories $13,000 Increase in accounts payable $34,000 Decrease in income taxes payable $36,700 Decrease in wages payable $18,000 Proceeds on Sale of Equipment $80,000 Repayment of bonds $50,000 Net Income $86,000 Depreciation $20,000 Decrease in accounts receivable...
What is the free cash flow or project cash flow for the new dragon project 1st...
What is the free cash flow or project cash flow for the new dragon project 1st year of operations? DragonFlights, Inc. is planning on purchasing a new flying dragon for their new route to Volantis. The cost of the dragon is $10.3 million. On average the dragons are operational for about 10 years. Dragon will be retired after 10 years with no salvage value. Marketing department of DragonFlights has conducted consumer surveys and market research in order to determine market...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
what was the net cash flow from operating activities?
The following data is from the comparative balance sheets of Wilson Company: 2004 Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is some additional information Investments Equipment Accum. Depreciation Totals 5,000...
POP Financing activities section of the cash flow statement. Operating activities section of the cash flow statement. Investing activities section of the cash flow statement both a and b. POP The times interest earned ratio uses income before interest expense and taxes because interest and taxes are important components in all ratio analysis. paying interest and taxes does not affect a company's solvency. the ratio is easier to compute without these items. this number best represents the amount available to...
Type your answer in the box. Using the following information, determine the cash flow from operating activties for the year 2014. Net income is $75,000 and depreciation expense for the year is $50,000. (Enter the nearest whole number and include the dollar sign and comma(s), as appropriate) Year-end 2013 Year-end 2014 $20,000 Cash Accounts receivable (net) $150,000 Inventory Accounts payable Salaries payable Notes Bonds payable $40,000 $180,000 $180,000 $160,000 $30,000 $5,000 $20,000 $0 $15,000 $60,000 $50,000 The cash flow from...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Problem 2 (7 points) For each item listed below, indicate which section activity) of the cash flow statement the item should be reported on as well as the amount. Section Amount 1. Declared cash dividends totaling $180,000 during the current year. The comparative balance sheet indicates dividends payable of $30,000 at the beginning of the year and $10,000 at the end of year. 2. Factory Equipment was sold for $240,000 during the year. 3. Issued 100,000 shares of $10 par...
Indicate whether each event or transaction below affects
(i.e., increases or decreases) the cash flows of a
corporation related to its Operating Activities
(CFO), Investing Activities
(CFI), or Financing Activities
(CFF). Please write how much the net
change on cash flows by item will be. If the items do not
affect cash flows, please use “NA”.
Example: A company buys a new building for $200,000 paying
cash.
Answer:
CFI, -$200,000 (or -$200k)
__________ 1.
A local government donates land with fair...
What is the free cash flow or project cash flow for the new dragon project 1st year of operations? DragonFlights, Inc. is planning on purchasing a new flying dragon for their new route to Volantis. The cost of the dragon is $10.3 million. On average the dragons are operational for about 10 years. Dragon will be retired after 10 years with no salvage value. Marketing department of DragonFlights has conducted consumer surveys and market research in order to determine market...
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