7. Use the following cash flow data for Rocket Transport to find Rocket’s: a. Net cash provided by or used in investing activities. b. Net cash provided by or used in financing activities. c. Net increase or decrease in cash for the year. Cash dividend $100,000 Purchase of bus $73,000 Interest paid on debt $45,000 Sales of old equipment $92,000 Repurchase of stock $95,000 Cash payments to suppliers $115,000 Cash collections from customers $500,000

7. Use the following cash flow data for Rocket Transport to find Rocket’s: a. Net cash provided by or used in investing activities. b. Net cash provided by or used in financing activities. c. Net increase or decrease in cash for the year. Cash dividend $100,000 Purchase of bus $73,000 Interest paid on debt $45,000 Sales of old equipment $92,000 Repurchase of stock $95,000 Cash payments to suppliers $115,000 Cash collections from customers $500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If a gain of $8,652 is realized in selling (for cash) office equipment having a book value of $50,620, the total amount reported in the investing activities section of the statement of cash flows is a.$41,968 b.$59,272 c.$8,652 d.$50,620
Use the following excerpts from Nutmeg Company's financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year Purchased land this year Sold investments this year Original cost of investments that were sold $83,700 20,000 31,500 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities Net cash flows from investing activities
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What is the operating cash flow? The capital spending? The change is net working capital? The cash flow from asset?
24 A company purchases equipment in exchange for $50,000. In which section of the statement of cash flows is this recorded? Operating Financing Narrative Investing NEXT > BOOKMARK
Construct a Statement of Cash Flows including: Net cash flows from operating activities. Net cash flows from investing activities. Net cash flows from financing activities. Net change in cash.
1. Use the following excerpts from Nutmeg Company’s financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year $83,700 Purchased land this year 20,000 Sold investments this year 31,500 Original cost of investments that were sold 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities? Net cash flows from investing activities?
Given the following data for Year 1: Earnings before Interest and Tax = $11 million; Interests = $3 million, Taxes = $2 million; Depreciation = $4 million; Investment in fixed assets = 5 million; Investment net working capital = $1 million. Calculate the free cash flow (FCF) for Year 1: Group of answer choices $8 million $9 million $6 million $7 million
B
The following is cash flow data for Rocket Transport: Cash dividend $91,000 Purchase of bus $29,000 Interest paid on debt $25,000 Sales of old equipment $55,500 Repurchase of stock $92,000 Cash payments to suppliers $125,000 Cash collections from customers $410,000 a. Find the net cash provided by investing activities: Net cash provided $? b. Find the net cash used in financing activities: Net cash used $? c. Find the net increase in cash for the year: Net increase in cash $?
H2.
Upon reviewing Myert Company's statement of cash flows, the following was noted: Cash flows from operating activities $60,000 Cash flows from investing activities (125,000) Cash flows from financing activities 115,000 From this information, the most likely explanation is that this company is a using cash from operations and borrowing to purchase long-term assets. b using cash from operations and selling long-term assets to pay back debt. c using its profits to expand growth. d using cash from investors to provide for operations.