Hampton Industries had $39,000 in cash at year-end 2015 and $11,000 in cash at year-end 2016. The
Question:
Hampton Industries had $39,000 in cash at year-end 2015 and $11,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $210,000. Cash flow from financing activities totaled $120,000.
a. What was the cash flow from operating activities?
b. If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm’s net income?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
a From the statement of cash flows the change in cash must equal cash flow from operating activities ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Management
ISBN: 978-1305635937
Concise 9th Edition
Authors: Eugene F. Brigham
Question Posted:
Students also viewed these Finance questions
-
W.C. Cycling had $55,000 in cash at year-end 2007 and $25,000 in cash at year-end 2008. Cash flow from long-term investing activities totaled $250,000, and cash flow from financing activities totaled...
-
W.C. Cycling had $55,000 in cash at year-end 2014 and $25,000 in cash at year-end 2015. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities...
-
W.C. Cycling had $55,000 in cash at year-end 2011 and $25,000 in cash at year-end 2012. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities...
-
Organizational buyers are ________.
-
Talk about African Economy as continent not a one country. - Give examples who are the strongest in term of Economy and who are weak in the Economy. - Only talk about African Economy and African...
-
Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account number Debit Credit Money 11 22,100 accounts receivable 12 3,400 supplies 14 1,350 prepaid rent 15 3,200 prepaid insurance sixteen...
-
James is mixing soil for a raised garden, in which he plans to grow a variety of vegetables. For the soil to be suitable, he determines that \(\frac{2}{5}\) of the soil can be topsoil, but...
-
Balance sheets for Prego Company and Sprague Company as of December 31, 2010, follow: The fair values of Sprague Companys assets and liabilities are equal to their book values. Required: Prepare a...
-
Recher Corporation uses part Q89 in one of its products. Thecompany's Accounting Department reports the following costs ofproducing the 7,400 units of the part that are needed everyyear.Per Un 2...
-
The downtown core of Gotham City consists of one-way streets, and the traffic flow has been measured at each intersection. For the city block shown in Figure 2.19, the numbers represent the average...
-
Byron Books Inc. recently reported $13 million of net income. Its EBIT was $20.8 million, and its tax rate was 35%. What was its interest expense?
-
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firms records are kept) has been destroyed by fire. So, your first job...
-
Genes encode RNA polymerase molecules. What would happen to a cell that has undergone a mutation to its RNA polymerase gene?
-
ABC Company acquired a machine on January 1, 2018 at a cost of $32,000. The machine has an estimated salvage value of $2,000 at the end of its 4-year useful life. The machine is estimated to be...
-
The transfer of heat across a composite wall designed for a system involving heat convec- tion process is shown in Figure 3. The inner wall is insulated. The heat generation with 1300 W/m is provided...
-
More volatile stocks should have a higher return.Group of answer choicesTrueFalse
-
Use part one of the fundamental theorem of calculus to find the derivative of the function. h'(x) = h(x) = 9 In(t) dt
-
1. Katniss Everdeen is the credit and loans manager for Panem Corp and has given you the following information to help her decide if Panem should use a lockbox system or not. Current payments...
-
A 50.0 mm, sharp-edge orifice is placed in a DN 100 Schedule 80 steel pipe. Compute the volume flow rate of ethylene glycol at 25C when a mercury manometer reads a 95-mm deflection.
-
Nitrogen monoxide reacts with hydrogen as follows: 2NO(g)+ H2(g) N2O(g) + H2O(g) The rate law is [H2]/ t = k[NO]2[H2], where k is 1.10 107 L2/(mol2s) at 826oC. A vessel contains NO and H2 at...
-
Pierce Furnishings generated $2.0 million in sales during 2004, and its year-end total assets were $1.5 million. Also, at year-end 2004, current liabilities were $500,000, consisting of $200,000 of...
-
Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, and ships them to its chain of retail stores. Upton's balance sheet as of December 31, 2004,...
-
Stevens Textile's 2004 financial statements are shown below. Stevens Textile: Balance Sheet as of December 31, 2004 (Thousands of Dollars) Suppose 2005 sales are projected to increase by 15 percent...
-
. Part A: Zoe's Fresh Flowers is new business ready to open a store in the Westfield shopping centre nearby. Westfield has a number of florist shops already, so Zoe is anxious about the demand for...
-
I'm struggling with getting CTRL+D to work with the following code: import java.util.*; public class LineNum { public static void main(String[] args) { //read command line arguement from user int n...
-
Task 1 Task 2 Task 3 Task 4 4 - 1 4 - 2 4 - 3 (this is the link for files) https://drive.google.com/drive/folders/1aIChasss65IFcNKvD_b6k_hyA_-PZsgt?usp=sharing. In this task, we will be writing t...
Study smarter with the SolutionInn App