Use the following cash flow data for Rocket Transport to find Rockets a. Net cash provided by

Question:

Use the following cash flow data for Rocket Transport to find Rocket’s
a. Net cash provided by or used in investing activities.
b. Net cash provided by or used in financing activities.
c. Net increase or decrease in cash for the year.
Cash ................ $ 80,000
Purchase of bus ................. $ 33,000
Interest paid on debt .......... .... $ 25,000
Sales of old equipment ........... $ 72,000
Repurchase of stock ............. $ 55,000
Cash payments to suppliers .......... $ 95,000
Cash collections from customers ........ $300,000

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...