pls. provide correct answer In 2008, Upper Crust had cash flows from investing activities of $235,000and cash flows from financing activities of ?$153,000. The balance in thefirm's cash account was $93,000 at the beginning of 2008 and $108,000 atthe end of the year. What was Upper Crust's cash flow from operations for2008?A. $108,000B. $15,000C. $388,000D. $403,000Suppose you sell a fixed asset for $121,000 when its bookvalue is $141,000. If your company's marginal tax rate is 39percent, what will be the effect on the cash flows of thissale?Smith Insurance Agency started the year with a beginning capitalbalance of $30,000. During the year, Smith Insurance Agencyearned $38,000 in Service Revenue and incurred $21,500 invarious expenses. Smith withdrew $6,000 from the business.After the closing entries are recorded and posted, what will bethe balance of Smith, Capital?

To calculate the Cash flow from operation, we will use the following formula: Cash flow from…

Answered: In 2008, Upper Crust had cash flows…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.6P

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(AACSB) AnalysisYou review a company’s statement of cash flows and find that cash inflows from operations are $150,000,net outflows from investing are $80,000, and net inflows from financing are $60,000. Did the company’scash balance increase or decrease for the year? By what amount? What types of activities would you findunder the category investing activities? Under financing activities? If you had access to the company’sincome statement and balance sheet, why would you be interested in reviewing its statement of cash flows?What additional information can you gather from the statement of cash flows?
Suppose an SEVP tells you that last year a bank had total interest expenses on all borrowings of BDT 12 million and noninterest expenses of BDT 5 million, while interest income from earning assets totaled BDT 16 million and noninterest revenues totaled BDT 2 million. Suppose further that assets amounted to BDT 480 million, of which earning assets represented 85 percent of that total asset while total interest-bearing liabilities amounted to 75 percent of total assets. See if you can determine the bank’s net interest and non-interest margins and its earnings base and earnings spread for the most recent year.
E42.
The cash balance of GMC Company is 32700 $ at the beginning of the year. The cash flows during the year are given as follows; Operating cash inflow:37800 Investing outflow: 29000 Financing cash inflow: 22300 Which of the following is the cash balance at the end of the year.Select one: a. 63800b. 64000 C. 68300d. 121800
In 2008, Upper Crust had cash flows from investing activities of $235,000 and cash flows from financing activities of ?$153,000. The balance in the firm's cash account was $93,000 at the beginning of 2008 and $108,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008? A. $108,000 B. $15,000 C. $388,000 D. $403,000 Suppose you sell a fixed asset for $121,000 when its book value is $141,000. If your company's marginal tax rate is 39 percent, what will be the effect on the cash flows of this sale? Smith Insurance Agency started the year with a beginning capital balance of $30,000. During the year, Smith Insurance Agency earned $38,000 in Service Revenue and incurred $21,500 in various expenses. Smith withdrew $6,000 from the business. After the closing entries are recorded and posted, what will be the balance of Smith, Capital?
Quinze Seize Corp. reported the following amounts in its statement of financial position at each year-end:a. What is the net cash provided by operating activities?b. What is the net cash used in investing activities?c. What is the net cash provided by financing activities?
State your current cash balance if you have the following information:total cash receipts of $624,000; a cash balance at the end of last year of$60,000; total cash payments of $540,000; cash outflow from investingactivities of $100,000; and cash inflows from financial activitiesof $172,000.
Using the Financial Statements below Calculate the Free Cash flows for RPI , Inc for the year ended December 31, 2011 from an Asset perspective Calculate the Free Cash flows for RPI , Inc for the year ended December 31, 2011 from a Finance perspective ASSETS 2010 2011 LIABILITIES & EQUITY 2010 2011 Cash 12000 12750 Accounts Payables 36,000 41250 Marketable Securities 5250 5400 Notes Payables 12,000 9750 Accounts Receivables 31500 28500 Accruals 2,250 1875 Inventory 37500 69750 Tax Payable 2,250 1875 Prepaid Rent 900 825 Total Current Liabilities 52,500 54,750 Total Current Assets 87150 117225 Long Term Debt 120,000 112500 Net Plant & Equipment 214500 217500 Common Stockholders’ Equity 129150 167475 Total Assets 301650 334725 Total Liabilities and Equity 301,650 334,725 Sales 525000 Less: Cost of Goods Sold 375000 Gross…
The cash balance of Saadah Company is 32700 OMR at the beginning of the year. The cash flows during the year are given as follows; Operating cash inflow: 37800 Financing cash inflow: 22300 Investing outflow: 29000 Which of the following is the cash balance at the end of the year. Select one: O a. 64000 b. 121800 O c. 68300 O d. 63800
Given the data in the following table, what was net cash flow from investing activities for 2023?
In its fiscal 2010 balance sheet, Big Lots, Inc. reported cash and cash equivalents at the start of the year of $283,733 thousand. By the end of the year, cash and equivalents had decreased to $177,539 thousand. The Company's statement of cash flows reported from operating activities of $315,257 thousand, cash from financing activities of $(306,899) thousand. What amount did the company report for cash from investing activities? a) $8,358 thousand cash inflow b) $106,194 thousand cash outflow c) $114,552 thousand cash outflow d) $114,552 thousand cash inflow
The cash balance of Lalana Company is 434000OMR at the beginning of the year. The cash flows during the year are given as follows; Operating cash inflow:38490 Financing cash outflow: 22430 Investing inflow: 95800 Which of the following is the cash balance at the end of the year. Select one: a. 468890 b. 465760 C. 554520 d. 545860

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