exercise 1: sources of cash flows

 

Identify, under the appropriate heading, whether the following changes are an inflow of cash or an outflow of cash. What amounts and percentages were used by internal and external sources to finance the purchase of the assets?

			In $
	This Year	Last Year	Cash Inflows	Cash Outflows
House	134,600	130,000
Trailer	12,000	----
Furniture	5,600	4,000
Mortgage	75,000	60,000
RRSP	23,000	20,000
Loan made to a friend	----	5,000
Car loan	12,000	8,000
Visa	1,250	600
The Bay	----	450
Cash in the bank	3,000	2,000
Marketable securities	12,000	10,000
Total

			In %
	This Year	Last Year	Cash Inflows	Cash Outflows
House	134,600	130,000
Trailer	12,000	----
Furniture	5,600	4,000
Mortgage	75,000	60,000
RRSP	23,000	20,000
Loan made to a friend	----	5,000
Car loan	12,000	8,000
Visa	1,250	600
The Bay	----	450
Cash in the bank	3,000	2,000
Marketable securities	12,000	10,000
Total			100.0	100.0

Note: Salary in excess of expenses is not a statement of cash flows account.

Answer rating: 100% (QA)

ANSWER To identify whether the changes represent cash inflows or outflows and calculate the percenta... View the full answer