Hampton Industries had $48,000 in cash at year-end 2018 and $15,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling$180,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activitiestotaled +$110,000. Round your answers to the nearest dollar, if necessary.a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.$b. If accruals increased by $15,000, receivables and inventories increased by $80,000, and depreciation and amortization totaled $23,000, what was the firm'snet income?+A$

Approach to solving the question:For better clarity of the solution, I have provided the calculation…

Answered: Hampton Industries had $48,000 in cash…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 12P

See similar textbooks

Similar questions

Hampton Industries had $52,000 in cash at year-end 2018 and $17,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $230,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$160,000. 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. 0 $ 0 b. If accruals increased by $30,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $29,000, what was the firm's net income? $ о
Hampton Industries had $66,000 in cash at year-end 2020 and $18,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $140,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$220,000. Round your answers to the nearest dollar, if necessary. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. $ If accruals increased by $15,000, receivables and inventories increased by $160,000, and depreciation and amortization totaled $15,000, what was the firm's net income?
Hampton Industries had $46,000 in cash at at year-end 2020 and $11,000 in cash year-end 2021. The firm invested in property, plant, and equipment totaling $290,000 the majority having a useful life greater than 20 years and fulling under the alternative depreciation System. Cash flow from financing operating activities. tatuled + $160,000. Round your answers to the nearest dollar, if necessary. a) What was the cash flow operating activities? Cash over flow, if any, should be indicated by a minus sign $ b) If accruals increased by $50,000, receivables and inventores increased by $85,000, and depreciation and amortization totaled $19,000, what was the firm's net income?
Please provide correct answer general Accounting
Hampton Industries had $39,000 in cash at year end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $210,000-the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. What was the cash flow from operating activities? If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?
1. What is the net cash provided by operating activities? 2. What is the net cash used in investing activities?
Additional information: • Depreciation expense is $ 13,300. • Dividends declared and paid in cash of $ 20,000. • In 2020, the equipment will sell for $ 9,700 in cash (the amount sold equipment equals the book value of the equipment). QUESTIONS a. Prepare a 2020 cash flow statement for trading company "MARS" with using the indirect method b. Based on the answer in point a, calculate free cash flow trading company "MARS". Provide an interpretation of the cash flow calculation results.
Help me please asap
Compute investing and financing amounts for the statement of cash flows: please answer the financial accounting question
hi, this is a question for finance. i need answer asap. thx
Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $127,537,580 and sales revenue of $3,498,299,980 during 2022. Cash spent on plant asset additions during the year was $96,782,600. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $
The net income for 2020 for Won Hae Na Corp. was P3,520,000. Additional data are as follows: www purchases of plant assets- P2,800,000; Depreciation expense- P1,480,000; Dividends declared- P970,000; Net decrease in non-cash current assets- P290,000 and loss on sale of equipment- P130,000. How much is the net cash inflow from operating activities on December 31, 2020? A. P7,250,000 В. Р5,420,000 С. Р5,290,000 D. P5,130,000

SEE MORE QUESTIONS

Recommended textbooks for you

Fundamentals Of Financial Management, Concise Edi…

Finance

ISBN:

9781337902571

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Excel Applications for Accounting Principles

Accounting

ISBN:

9781111581565

Author:

Gaylord N. Smith

Publisher:

Cengage Learning

Fundamentals Of Financial Management, Concise Edi…

Finance

ISBN:

9781337902571

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Excel Applications for Accounting Principles

Accounting

ISBN:

9781111581565

Author:

Gaylord N. Smith

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS