Hampton Industries had $46,000 in cash at year-end 2018 and $15,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $190,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$150,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. 24 b. If accruals Increased by $20,000, receivables and inventories Increased by $110,000, and depreciation and amortization totaled $29,000, what was the firm's net income?
Hampton Industries had $46,000 in cash at year-end 2018 and $15,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $190,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$150,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. 24 b. If accruals Increased by $20,000, receivables and inventories Increased by $110,000, and depreciation and amortization totaled $29,000, what was the firm's net income?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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