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)...
-
Air enters an adiabatic turbine steadily at 6 MPa, 600oC, 50 m/s and exits at 50 kPa, 150 m/s with a mass flow rate (m) of 6 kg/s. Assuming the turbine efficiency to be 90%, use Turbine Simulator RIA...
-
The percentage of sales approach to estimate bad debt involves an income statement approach that emphasizes: a. matching the dollar value of credit sales for the period to the dollar value of the bad...
-
Construct a bar graph for each of the following (assume the independent variable is Group and the dependent variable is time): a. \(\operatorname{Group} \mathrm{A}(N=21, M=14.05, s=3.63)\); Group B...
-
Martinez Manufacturing Inc. showed the following costs for last month: Direct materials ....... $7,000 Direct labor ......... 3,000 Manufacturing overhead ... 2,000 Selling expense ........ 8,000...
-
Essay about Singapore profiles such as GDP per person and GDP per capita growth rate and how to interpret them? and include brief about the Singapore economics.
-
During the year, your clients Omar and Maria Mansour had the following investment transactions: Interest and dividend income reported to them: 1099-INT from Chase Bank Interest income (1099-INT from...
-
The Accounting vs. Finance infographic highlights the differences between 1, Share a way in which you personally use (or will use) accounting princip finance principles 2. Share an example of a time...
-
Find the mean and variance of a sum of random variables.
-
From output of your computer software, locate (a) the sum of squared errors, (b) the \(F\)-value for the overall significance of a regression model, (c) the estimated covariance matrix for the least...
-
Explain how to choose what goes in the null hypothesis and what goes in the alternative hypothesis.
-
A large survey of married women asked "How many extramarital affairs did you have last year?" \(77 \%\) said they had none, \(5 \%\) said they had one, \(2 \%\) said two, \(3 \%\) said three, and the...
-
Explain the "level of confidence" of an interval estimator, and exactly what it means in a sampling context, and give an example.
-
Shown in the figure below is a circuit composed of 4 resistors connected to a battery. The parameters of all elements in this circuit are given: R =114 2, R2=291.2 2, R3=116 2, R4-100.1 2, and E=2.52...
-
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...
-
Identical positively charged objects \(A, B\), and \(C\) are launched with the same initial speed from the same position above a negatively charged sheet that produces a uniform electric field. The...
-
A proton, a deuteron (a hydrogen nucleus containing one proton and one neutron), and an alpha particle (a helium nucleus consisting of two protons and two neutrons) initially at rest are all...
-
What orientation of an electric dipole in a uniform electric field has the greatest electric potential energy? What orientation has the least? (Let the system comprise both the electric dipole and...
Study smarter with the SolutionInn App