Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock $129,000 Sell inventory to customers 147,920 Issue notes payable 91,160 Sell land 168,560 Earn interest on investments 3,440 Sell patent 104,920 Outflows: Purchase equipment $309,600 Purchase inventory 65,360 Purchase treasury stock 68,800 Repay notes payable 51,600 Pay salaries 67,080 Pay dividends 25,800 Beginning cash $91,160 Required:1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) 2. What is the revised ending cash balance?
Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock $129,000 Sell inventory to customers 147,920 Issue notes payable 91,160 Sell land 168,560 Earn interest on investments 3,440 Sell patent 104,920 Outflows: Purchase equipment $309,600 Purchase inventory 65,360 Purchase treasury stock 68,800 Repay notes payable 51,600 Pay salaries 67,080 Pay dividends 25,800 Beginning cash $91,160 Required:1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) 2. What is the revised ending cash balance?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Revise your calculations based the new information provided below and then answer the questions that follow.
| Inflows: | |
| Issue common stock | $129,000 |
|---|---|
| Sell inventory to customers | 147,920 |
| Issue notes payable | 91,160 |
| Sell land | 168,560 |
| Earn interest on investments | 3,440 |
| Sell patent | 104,920 |
| Outflows: | |
| Purchase equipment | $309,600 |
|---|---|
| Purchase inventory | 65,360 |
| Purchase |
68,800 |
| Repay notes payable | 51,600 |
| Pay salaries | 67,080 |
| Pay dividends | 25,800 |
| Beginning cash | $91,160 |
Required:
1. What is the revised amount of operating, investing and financing
2. What is the revised ending cash balance?
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