Chapter 19 Pre-Built Problems Saved Help Save & Exit Submit Check my work 2 How would each of the following events affect the total assets on the firm's balance sheet? State whether each change is a source or use of cash. 10 points a. An automobile manufacturer increases production in response to a forecast increase in demand. Unfortunately, the demand does not increase. b. Competition forces the firm to give customers more time to pay for their purchases. c. The firm sells a parcel of land for $100,000. The land was purchased 5 years earlier for $200,000. d. The firm repurchases its own common stock. e. The firm pays its quarterly dividend. f. The firm issues $1 million of long-term debt and uses the proceeds to repay a short-term bank loan. cBook Print Effect on Total Assets a. Decrease b. Source or Use of Cash Use of cash References d. Chapter 19 Pre-Built Problems Saved Help Save & Exit Submit Check my work 2 How would each of the following events affect the total assets on the firm's balance sheet? State whether each change is a source or use of cash. 10 points a. An automobile manufacturer increases production in response to a forecast increase in demand. Unfortunately, the demand does not increase. b. Competition forces the firm to give customers more time to pay for their purchases. c. The firm sells a parcel of land for $100,000. The land was purchased 5 years earlier for $200,000. d. The firm repurchases its own common stock. e. The firm pays its quarterly dividend. f. The firm issues $1 million of long-term debt and uses the proceeds to repay a short-term bank loan. cBook Print Effect on Total Assets a. Decrease b. Source or Use of Cash Use of cash References d