Financial activities financial accounting During the month of July, HarborTech Inc. had the followingtransactions:1. Revenues of $98,000 were earned and received in cash.2. Bank loans of $15,500 were paid off.3. Equipment of $35,000 was purchased with cash.4. Expenses of $66,000 were paid.5. Stockholders purchased additional shares for $42,000 cash.A statement of cash flows for July would report net cash flows fromfinancing activities of:a. $26,500b. $35,000c. $42,000d. $57,500

Step 1: Definition of Cash Flows from Financing ActivitiesCash Flows from Financing Activities refer…

Answered: During the month of July, HarborTech…

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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The companys balance sheet showed an accounts receivble balance of $80,000 at the begininng of the year and $47,000 at the end of the year. The company reported $720,000 in credit sales for the year. What was the amount of cash collected on account receivables durig the year
General accounting
During the month of August, Boyce Company had the following transactions: (1) Revenues of $ 127,000 were earned and received in cash. (2) Bank loans of $23, 250 were paid off. (3) Equipment of $47,000 was purchased with cash. (4) Expenses of $77, 100 were paid. (5) Stockholders purchased additional shares for $51,000 cash. A statement of cash flows for August, would report net cash flows from operating activities of: Select one: a. $47,000. b. $30, 650. c. $27,750. d. S 49,900.
Classify each cash transaction between Operating (O), Investing (I), or Financing (F) activities; and prepare the Statement of Cash Flow for Cougar Corp. using the following data: Cash at the beginning of the year: $650,000 Cash Receipts from: Bank (Interest on CD) $6,000 Customers Sales $872,000 Interest $33,000 Dividends $3,600 Cash payments for: Dividends $2,500 Raw Materials $ 3,800 Wages Expense $4,000 Land $10,000 Interest $4,000
Umberg Company started the year with $119,200 cash and reported net cash provided by operating activities of $240,000, cash paid for dividends of $49,600, cash received from stock issuance of $46,000, cash paid for equipment purchases of $158,000, cash paid for intangible assets of $124,000, and cash paid on bank loan of $43,000. Required: Calculate the following: Net cash provided by (used in) investing activities. Net cash provided by (used in) financing activities. Ending cash. Free cash flow.
Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Cash dividends declared for the year $ 40,000 Cash dividends payable at the beginning of the year 17,000 Cash dividends payable at the end of the year 13,000 The amount of cash paid for dividends was: $36,000. $40,000. $53,000. $57,000. $44,000.
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ABC Company had the following cash transactions during the year: Cash collections from customers $500,000, Cash paid to suppliers $300,000, Cash paid for operating expenses $100,000, Cash paid for interest expense $10,000, and Cash paid for income taxes $20,000. Calculate the company's net cash flow from operating activities.
Sandhill Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,158,300, accounts receivables of $3,469,000, short-term notes payable worth $1,128,000, and other current assets of $121,455. What is the company's net working capital?Excel Template(Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you’ve been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Net working capital $enter the Net working capital in dollars
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