Can you solve these accounting question? In 2008, Upper Crust had cash flows frominvesting activities of -$285,000 and cashflows from financing activities of -$166,000.The balance in the firm's cash account was$83,000 at the beginning of 2008 and$121,000 at the end of the year.What was Upper Crust's cash flow fromoperations for 2008?

Step 1: Define Cash FlowsThe cash flows of a firm during a given year can be categorized into cash…

Answered: In 2008, Upper Crust had cash flows…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

Section: Chapter Questions

Problem 1aM

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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?
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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
Hampton Industries had $50,000 in cash at year-end 2015 and $14,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $280,000. Cash flow from financing activities totaled +$210,000. Round your answers to the nearest dollar, if necessary. What was the cash flow from operating activities? Enter cash outflows with a minus sign.$ If accruals increased by $45,000, receivables and inventories increased by $185,000, and depreciation and amortization totaled $61,000, what was the firm's net income?
ILoveFinance, Inc., provided the following financial information for the quarter ending September 30, 2006: Net income $241,463 Depreciation and amortization $133,414 Increase in receivables $102,709 Increase in accounts payables $62,411 Decrease in marketable securities $31,225 Increase in inventory $81,336 What is the cash flow from operating activities generated during this quarter by the firm? a. $253,243 b. -$308,458 c. $343,243 d. $374,468
Last year Lawsby Company reported sales of P120,000 on its income statement. During the year, accounts receivable increased by P10,000 and accounts payable increased by P15,000. The company uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:
During the year, Broozer’s increased its accounts receivable by $240, increased its inventory by $195, decreased its accounts payable by $80, increased its short-term notes payable by $100 and increased its LTD by $600.. How did these accounts affect the firm’s cash flows from operating activities for the year?
(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?
Sergey Co. has net cash provided by operating activities of$1,200,000. Its average current liabilities for the period are$1,000,000, and its average total liabilities are $1,500,000.Comment on the company’s liquidity and financial flexibility,given this information.

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