The following table shows cash flow data for Rocket Transport.Cash dividendPurchase of busInterest paid on debtSales of old equipmentRepurchase of stockCash payments to suppliersCash collections from customersRequired:a. Find the net cash provided by or used in investing activities.Cash from investments$ 95,000$ 63,000$ 40,000$ 87,000$ 85,000$ 110,000$ 450,000b. Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)Cash from financingc. Find the net increase or decrease in cash for the year.Total cash flow

Lets understand the basics.Cashflow statement gets divided into three type of activities which…

The following table shows cash flow data for Rocket Transport. Cash dividend Purchase of bus Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers $ 95,000 $ 63,000 Cash from investments $ 40,000 $ 87,000 $ 85,000 $ 110,000 $ 450,000 Required: a. Find the net cash provided by or used in investing activities.

The following table shows cash flow data for Rocket Transport. Cash dividend Purchase of bus Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers $ 95,000 $ 63,000 Cash from investments $ 40,000 $ 87,000 $ 85,000 $ 110,000 $ 450,000 Required: a. Find the net cash provided by or used in investing activities.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the information below (in millions) to determine net cash inflows (outflows) from operating activities. Cash received from: Customers $ 3,000 Interest on investments 280 Sale of land 180 Sale of its own common stock 760 Issuance of debt securities 2,800 Cash paid for: Interest on debt $ 380 Income tax 160 Debt principal reduction 2,300 Purchase of equipment 5,600 Purchase of inventory 1,800 Dividends on its common stock 440 Operating expenses 660
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Use the following excerpts from Nutmeg Company's financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year Purchased land this year Sold investments this year Original cost of investments that were sold $83,700 20,000 31,500 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities Net cash flows from investing activities
Using the indirect method, calculate the amount of cash flows from operating activities from the following data: Net Income $199,000 Beginning Accounts receivable 22,000 ending accounts recievable 29,000 Beginning Prepaid insurance 5,000 Ending prepaid insurance 2,000 Beginning Accounts payable 15,000 Ending Accounts payable 14,000 Depreciation expense 50,000 Amortization of intangible asset 6,000 dividends declared and paid 11,000
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Net cash from operating activities is： Net cash from financing activities is： Net cash from investing activities is:
Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $29,800 cash to settle long-term notes payable at its $29,800 maturity value. (b) Acquired machinery for $12,900 cash. (c) Paid cash dividend of $13,900. (d) Net Income was $10,900. (e) Issued common stock for $40,900 cash. Statement of Cash Flows (partial) Cash flows from financing activities
1. Use the following excerpts from Nutmeg Company’s financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year $83,700 Purchased land this year 20,000 Sold investments this year 31,500 Original cost of investments that were sold 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities? Net cash flows from investing activities?
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The following is cash flow data for Rocket Transport: Cash dividend $91,000 Purchase of bus $29,000 Interest paid on debt $25,000 Sales of old equipment $55,500 Repurchase of stock $92,000 Cash payments to suppliers $125,000 Cash collections from customers $410,000 a. Find the net cash provided by investing activities: Net cash provided $? b. Find the net cash used in financing activities: Net cash used $? c. Find the net increase in cash for the year: Net increase in cash $?
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