a b C d (4 552 e f g h Section on CFS Operating Operating 2019...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
a b C d (4 552 e f g h Section on CFS Operating Operating 2019 Transactions Land and building purchase Land Cost Building Cost Down Payment Remainder financed on 30-year loan Bar Equipment Purchase Cost of new equipment Down Payment Remainder financed on 5-year loan Sold equipment Sale price Tax basis of equipment sold Investment in local brewery Original cost Current value Dividends received in 2019 Other items: Principal paid on short-term loans Interest paid on short-term loans Family Living Withdrawals Total Cash Sales Principal paid on long-term loans Total Cash Operating Expenses Interest paid on long-term loans in cash Cash Tax Expenses Beginning Cash Balance 140,000 300,000 110,000 ??? 85,000 15,000 ??? 15,000 20,000 50,000 72,000 5,000 16,000 2,500 ??? 910,000 15,000 650,000 14,500 48,000 113,000 Notes Operating inflow Operating outflow Beginning Cash Balance CASH FLOWS FROM OPERATING ACTIVITIES Inflows Cash received from business sales/receipts Cash received from net nonbusiness income Outflows Total cash inflows from operating activities Cash paid for operating expenses Cash paid for operating & s.t. loan interest Cash paid for long-term loan interest Cash paid for purchased inputs Cash paid for other items purchased for resale Cash paid for income and social security taxes Cash withdrawals for owner/family living Total cash outflows from operating activities Net cash flows provided by operating activities 910,000 910,000 650,000 650,000 >> $ 910,000 $ 650,000 $ 260,000 CASH FLOWS FROM INVESTING ACTIVITIES Inflows Cash received on sale of machinery/equipment/real estate Cash received from sale of internally transferred capital Cash received from withdrawals of savings Cash received from sale of personal assets/retirement accts. Total cash inflows from investing activities Outflows Cash paid to purchase machinery/equipment/real estate Cash paid to purchased productive capital items Cash paid for deposits to savings accounts Cash paid to purchase marketable securities Cash paid to purchase personal assets/retirement accts. Total cash outflows from investing activities Net cash flows provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES Inflows Proceeds from operating loans and short-term notes Proceeds from term debt financing Cash received from capital contributions Total cash inflows from financing activities Outflows Cash repayment of operating and short-term loans Cash repayment of term debt-scheduled Cash repayment of term debt-unscheduled Cash repayment of capital leases Cash payments of dividends and other capital distributions Total cash outflows from financing activities Net cash flows provided by financing activities CASH FLOWS FROM FINANCING ACTIVITIES Inflows Proceeds from operating loans and short-term notes Proceeds from term debt financing Cash received from capital contributions Total cash inflows from financing activities Outflows Cash repayment of operating and short-term loans Cash repayment of term debt-scheduled Cash repayment of term debt-unscheduled Cash repayment of capital leases Cash payments of dividends and other capital distributions Total cash outflows from financing activities Net cash flows provided by financing activities Net increase (decrease) in cash flows Beginning of year cash balance End of year cash balance $ 260,000 $ 113,000 $ 373,000 a b C d (4 552 e f g h Section on CFS Operating Operating 2019 Transactions Land and building purchase Land Cost Building Cost Down Payment Remainder financed on 30-year loan Bar Equipment Purchase Cost of new equipment Down Payment Remainder financed on 5-year loan Sold equipment Sale price Tax basis of equipment sold Investment in local brewery Original cost Current value Dividends received in 2019 Other items: Principal paid on short-term loans Interest paid on short-term loans Family Living Withdrawals Total Cash Sales Principal paid on long-term loans Total Cash Operating Expenses Interest paid on long-term loans in cash Cash Tax Expenses Beginning Cash Balance 140,000 300,000 110,000 ??? 85,000 15,000 ??? 15,000 20,000 50,000 72,000 5,000 16,000 2,500 ??? 910,000 15,000 650,000 14,500 48,000 113,000 Notes Operating inflow Operating outflow Beginning Cash Balance CASH FLOWS FROM OPERATING ACTIVITIES Inflows Cash received from business sales/receipts Cash received from net nonbusiness income Outflows Total cash inflows from operating activities Cash paid for operating expenses Cash paid for operating & s.t. loan interest Cash paid for long-term loan interest Cash paid for purchased inputs Cash paid for other items purchased for resale Cash paid for income and social security taxes Cash withdrawals for owner/family living Total cash outflows from operating activities Net cash flows provided by operating activities 910,000 910,000 650,000 650,000 >> $ 910,000 $ 650,000 $ 260,000 CASH FLOWS FROM INVESTING ACTIVITIES Inflows Cash received on sale of machinery/equipment/real estate Cash received from sale of internally transferred capital Cash received from withdrawals of savings Cash received from sale of personal assets/retirement accts. Total cash inflows from investing activities Outflows Cash paid to purchase machinery/equipment/real estate Cash paid to purchased productive capital items Cash paid for deposits to savings accounts Cash paid to purchase marketable securities Cash paid to purchase personal assets/retirement accts. Total cash outflows from investing activities Net cash flows provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES Inflows Proceeds from operating loans and short-term notes Proceeds from term debt financing Cash received from capital contributions Total cash inflows from financing activities Outflows Cash repayment of operating and short-term loans Cash repayment of term debt-scheduled Cash repayment of term debt-unscheduled Cash repayment of capital leases Cash payments of dividends and other capital distributions Total cash outflows from financing activities Net cash flows provided by financing activities CASH FLOWS FROM FINANCING ACTIVITIES Inflows Proceeds from operating loans and short-term notes Proceeds from term debt financing Cash received from capital contributions Total cash inflows from financing activities Outflows Cash repayment of operating and short-term loans Cash repayment of term debt-scheduled Cash repayment of term debt-unscheduled Cash repayment of capital leases Cash payments of dividends and other capital distributions Total cash outflows from financing activities Net cash flows provided by financing activities Net increase (decrease) in cash flows Beginning of year cash balance End of year cash balance $ 260,000 $ 113,000 $ 373,000
Expert Answer:
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Posted Date:
Students also viewed these general management questions
-
5. Paul borrows $136 000. He agrees to make monthly payments for the next 20 years. The interest rate being charged is 6.6% /a compounded monthly. How much will Paul have to pay each month? How much...
-
From the following, calculate the net cash flows from operating activities (use the direct method): Sales Cost of Goods Sold Salary Expense Insurance Expense Other Expenses (all cash) $9,000 4,400...
-
From the following, calculate the net cash flows from operating activities (use the indirect method): 2013 2014 Accounts Receivable Prepaid Insurance Accounts Payable Salaries Payable For the year...
-
The number of claims filed each week with Security Insurance Company has a mean of 700 and a standard deviation of 250. Calculate the probability that the number of claims this week will be: (a)...
-
A unity feedback system has a loop transfer function (a) Sketch the root locus for K > 0. (b) Find the roots when K = 10 and 20. (c) Compute the rise time, percent overshoot, and settling time (with...
-
What are the four steps in the process of motivation?
-
Find the positive z-score for which 15% of the distributions area lies between -z and z. Find the indicated z-score.
-
The sales price per unit is $13 for the Dakota Companys only product. The variable cost per unit is $5. In year 2011, the company sold 80,000 units, which was 10,000 units above the break-even point....
-
Ursula, Wendy, Xavier, Yvonne, and Zack, a group of first year law students decided to throw a party in their house to celebrate passing their exams. The following events took place: (a) Wendy was in...
-
Create two tables based on the E-R model shown in Figure 4-41 and the business rules in the following list for a work order tracking database. Include all the constraints in the CREATE TABLE...
-
The taxation of capital gains remains a highly contested issue in New Zealand. Required: a) Some policy experts argue that introducing a CGT would help improve fairness in the New Zealand tax system....
-
Recall the facts in Leonard v. Pepsico Had this been a contract, would it have been subject to the Statute of Frauds?
-
Describe and illustrate the differences among design defects, manufacturing defects, inadequate warnings and labels (marketing defects), and breach of express and implied warranties.
-
Forest Street Construction Corporation (Forest Street) employs Robert on a full-time basis to drive one of its dump trucks to various Forest Street construction sites. Robert has worked for Forest...
-
Brian worked as a painter for a major U.S. corporation. Over a period of nearly a decade, he was responsible for painting different aspects of the corporations plant, including the floors, walls, and...
-
Twenty-two Argentinians initiated a lawsuit against DaimlerChrysler Aktiengesellschaft (DCAG). In its complaint, the plaintiffs stated that a subsidiary of DCAG, Mercedes-Benz Argentina (MBA),...
-
22. Calculate the WACC for a company with $10 billion in equity, $2 billion in debt, a before-tax cost of debt of 3.5%, a beta of 1.2, a risk free rate of 1%, a market risk premium of 5%, and a 40%...
-
The cost curve for the city water supply is C(Q) = 16 + 1/4 Q2, where Q is the amount of water supplied and C(Q) is the cost of providing Q acre-feet of water. (An acre-foot is the amount of water...
-
State the differences between a cash receipts journal and a cash payments jour- nal. Assume taxes are included, and give a brief comment on each difference.
-
From the following information, complete the chart for gross earnings for the week. (Assume an overtime rate of time-and-a-half over 40 hours.) Hourly Rate $11.50 12.75 14.00 16.00 Number of Hours...
-
Farbers Fabric Co. of Yellow knife uses a purchases journal (page21) and a general journal (page 32) to record the following transactions (continued from July). The fabric store has decided to keep a...
-
The percentage of heights between 156 centimeters and 168 centimeters
-
The population of unemployed adults has ages with mean m and standard deviations. Samples of unemployed adults are randomly selected so that there are exactly 100 in each sample. For each sample, the...
-
The percentage of heights between 148 centimeters and 170 centimeters
Study smarter with the SolutionInn App