Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. 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 activities totaled +$190,000. Round your answers o 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income? $
Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. 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 activities totaled +$190,000. Round your answers o 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income? $
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
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![Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. 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 activities totaled +$190,000. 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income?
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d7c6df9-9072-40bc-ad85-7ace55fd8504%2Fa728ff7e-bd37-453a-bb0d-8308e40b4b27%2Fr415rfd_processed.png&w=3840&q=75)
Transcribed Image Text:Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. 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 activities totaled +$190,000. 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income?
$
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