A restaurant purchased new kitchen equipment for $35,000. Old kitchen equipment was sold for $800. A long-term investment was sold for $40,000. Equity stock was bought back (repurchased) for $12,000, and a cash dividend was paid in the amount of $40,000. The company increased its long-term debt by $70,000. Determine the net cash flow from investing activities. Provide answer

A restaurant purchased new kitchen equipment for $35,000. Old kitchen equipment was sold for $800. A long-term investment was sold for $40,000. Equity stock was bought back (repurchased) for $12,000, and a cash dividend was paid in the amount of $40,000. The company increased its long-term debt by $70,000. Determine the net cash flow from investing activities. Provide answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Determine the Net Cash
Prepare the investing section of Chivay, Inc.'s cash flow statement based on the following transactions: • Purchased equipment this year costing $27,000 using cash. There were no equipment disposals during the period. • Sold a building for $58,000. Purchased stock in Wedge, Inc. for $11,000. ⚫ Sold its investment in Wesley, Inc. for $7,000. Loaned $5,000 to an unrelated party. Prepare the investing section of Chivay, Inc.'s cash flow statement. (Use a minus sign or parentheses for any numbers to be subtracted and/or net cash used by activities. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Chivay, Inc. Statement of Cash Flows (Partial) Investing Activities: Net Cash Provided (Used) by Investing Activities
what is the amount of the new borrowing
Mi-T-M sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000, purchase treasury stock for $230,000, and paid cash dividend of $20,000 What was the net cash flow from investing activities? A. $8,320,000 outflow B. $5,970,000 outflow C. $8,270,000 outflow D. $6,250,000 outflow
Make sure you provide complete answers, and show your work with calculation problems Given the following information, calculate the Net Free Cash Flow. Net income = $25,000; Capital expenditures = $4,000; Cash dividends paid to shareholders = $2,500; Repayment of Long-term debt = $1,500; Depreciation, Depletion & Amortization = $5,000; Increase in current assets = $250; Increase in current liabilities = $750;
Oakdale Company borrowed $1,960,000 cash from Eugene National Bank last year. In addition, the company repaid a $1,260,000 note payable to Michigan State Bank. How should these transactions be listed in the Statement of Cash Flows? Multiple Choice Oakdale can combine the transactions and show an increase to cash of $700,000 In the investing activities section of the statement. Oakdale can combine the transactions and show an increase to cash of $700,000 in the financing activities section of the statement. A decrease to cash for $1,260,000 is listed in the investing activities section and an increase of $1,960,000 is in the financing activities section. Transactions must be shown separately as a decrease to cash for $1,260,000 and an increase of $1,960,000 in the financing activities section.
Assume a company’s balance sheet showed beginning and ending balances in the Long-Term Investments account of $1,100,000 and $900,000, respectively. The company sold a long-term investment that cost $300,000 and recorded a gain on this sale of $35,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $300,000. $235,000. $335,000.
You must type in both the answer and all of your work to receive credit. Use the financial statements and additional data provided by management to calculate the firm's Free Cash Flow for the projected year. • Tax rate = 25% • Plans for the projected year will require $500 of new machinery and equipment • Firm expects next year's dividend to be $260 Acme Products, Inc. Balance Sheets ASSETS Cash Receivables Inventory Property, plant & equipment Total assets LIABILITIES & EQUITY Accounts payables Accrued expenses Long-term debt Common stock Paid-in Capital Retained earnings Total liabilities and equity current yr 400 600 900 2,200 4,100 500 400 1,400 600 200 1,000 4,100 projected yr 500 750 1,125 2,750 Acme Products, Inc. Income Statement Operating expenses 5,125 Depreciation 5,125 Sales (all credit) Cost of Goods Sold Gross Profit Operating income Interest expense 625 Taxable income 500 Taxes (25%) 1,750 Net income 750 250 1,250 projected yr 7,000 4,000 3,000 1,400 400 1,200 100 1,100…
need best help with working
Rainey enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 6% interest. Rainey Enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Round your answers to the nearest whole dollar.) (1) The loan to Small Co. (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Assets Equity Income Statenment Statement of Cash Flow Date Liabilinies Notes Receivable Interest Receivable Retained…
Sub : AccountingPls answer very fast.I ll upvote correct answer. Thank You
Need help with this general accounting question