Lester Mannis operates the full-service Orange Blossom hotel in Atlanta, Georgia. Lester wants to calculate the...
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Lester Mannis operates the full-service Orange Blossom hotel in Atlanta, Georgia. Lester wants to calculate the change in cash for his hotel this year. He has properly calculated the net cash flow from his operating. investing, and financing activities for last year and this year as shown below. Calculate Lester's dollar change and percentage change in his three cash flow activities categories as well as his overall change in cash and change in cash percentage and then answer the questions that follow. Net Cash Flow From Last Year ($) This Year ($) $ Change % Change 1,852,321 1,662,359 350,250 625,125 (48,125) 53,144 1,964,484 2,530,590 Operating activities Investing activities Financing activities Change in Cash a. What was the percentage change in operating activities for Lester's hotel this year? b. What was the percentage change in investing activities for Lester's hotel this year? c. What was the percentage change in financing activities for Lester's hotel this year? d. What was the dollar amount of change in cash for Lester's hotel this year? e. What was the percentage change in cash for Lester's hotel this year? Lester Mannis operates the full-service Orange Blossom hotel in Atlanta, Georgia. Lester wants to calculate the change in cash for his hotel this year. He has properly calculated the net cash flow from his operating. investing, and financing activities for last year and this year as shown below. Calculate Lester's dollar change and percentage change in his three cash flow activities categories as well as his overall change in cash and change in cash percentage and then answer the questions that follow. Net Cash Flow From Last Year ($) This Year ($) $ Change % Change 1,852,321 1,662,359 350,250 625,125 (48,125) 53,144 1,964,484 2,530,590 Operating activities Investing activities Financing activities Change in Cash a. What was the percentage change in operating activities for Lester's hotel this year? b. What was the percentage change in investing activities for Lester's hotel this year? c. What was the percentage change in financing activities for Lester's hotel this year? d. What was the dollar amount of change in cash for Lester's hotel this year? e. What was the percentage change in cash for Lester's hotel this year?
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Answer rating: 100% (QA)
a Change in operating activities 1852321 1662359 189... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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