Building Traders runs a successful company in small town in Cape Town. Her company's cash flow...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Building Traders runs a successful company in small town in Cape Town. Her company's cash flow statement for the year ended 28 February 2022 is as follows: Notes Cash flows from operating activities Cash receipts from customers Cash paid to suppliers and employees Cash generated from operations Interest received Interest paid Dividends received Dividends paid Taxation paid Cash flows from investing activities Purchase of non-current assets Proceeds from non-current assets Cash flows from financing activities Proceeds from the issue of share capital Proceeds from long-term borrowings Net change in cash and cash equivalents Cash and cash equivalents: beginning of year Cash and cash equivalents: end of year 1 (a) 3 866 800 (3 049 375) (b) (5 938) (87 813) (406 250) (c) (468 750) 9 375 (d) 300 000 281 250 (e) 50 294 (1) Required Fill in the missing figures (from a- f) for the cash flow statement in the table above. Then, explain the function of the cash flow statement in contrast to the statement of financial position. Building Traders runs a successful company in small town in Cape Town. Her company's cash flow statement for the year ended 28 February 2022 is as follows: Notes Cash flows from operating activities Cash receipts from customers Cash paid to suppliers and employees Cash generated from operations Interest received Interest paid Dividends received Dividends paid Taxation paid Cash flows from investing activities Purchase of non-current assets Proceeds from non-current assets Cash flows from financing activities Proceeds from the issue of share capital Proceeds from long-term borrowings Net change in cash and cash equivalents Cash and cash equivalents: beginning of year Cash and cash equivalents: end of year 1 (a) 3 866 800 (3 049 375) (b) (5 938) (87 813) (406 250) (c) (468 750) 9 375 (d) 300 000 281 250 (e) 50 294 (1) Required Fill in the missing figures (from a- f) for the cash flow statement in the table above. Then, explain the function of the cash flow statement in contrast to the statement of financial position.
Expert Answer:
Answer rating: 100% (QA)
To fill in the missing figures for the cash flow statement in the table we need to perform some calculations based on the information given We will first fill in the missing figures and then explain t... View the full answer
Related Book For
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler
Posted Date:
Students also viewed these accounting questions
-
Suggest a reasonable basis for allocating each of the following indirect expenses to departments: (a) Salary of a supervisor who manages several departments, (b) Rent, (c) Heat, (d) Electricity for...
-
Suggest one or more ways that each of the following teams could deal with the conflict(s) it faces. 1. Mike and Takashi both find writing hard. Elise has been getting better grades than either of...
-
Please indicate whether each of the following statements is (i) Always true, (ii) sometimes true or (iii) never true. For those that are sometimes true, explain when/under what circumstances they...
-
Should common costs be allocated?
-
Consider, once again, the four blood types A, B, AB, and O described in Exercise 8 in Sec. 1.4 together with the two antigens anti-A and anti-B. Suppose that, for a given person, the probability of...
-
The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences...
-
Under what conditions does fundamentalism occur and what are its characteristics?
-
1. Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following argument to be the most persuasive of...
-
After completing the Self Assessment: Active Listening Skills Inventory and watching the below video on The Power of Communication. please address the following: Discuss your results and ways you can...
-
As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 20Y9, the following tentative trial balance as of December 31, 20Y8, is prepared...
-
Solve the initial-value (a) (5 marks) y' problem: xy sin x y+1 (b) (5 marks) 2xy + y = 6x, x > 0, y(4) = 20. = y (0) = 1.
-
Marx held that to understand the fundamental relationships of capitalism, one had to look at the sphere of production rather than the sphere of exchange. Why? Who is homo economicus? What is she...
-
An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities. a. What is the probability of finding oil (to 2 decimals)?...
-
On January 1, Standard Manufacturing had a beginning balance in Work-in-Process Inventory of $80,200 and a beginning balance in Finished Goods Inventory of $20,000. During the year, Standard incurred...
-
Fire Cat, Inc. selected cost data for the year are shown below: Cost of Goods Manufactured Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 $146,500 19,000 22,500 15,500 Direct...
-
Kramer Corporation began the current period with 4,120 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,620 in direct materials and $4,740 in...
-
A business retains 79% of its customers from one year to the next. If the business uses a 11% discount rate, calculate the margin multiple. Rounding: 2 decimal places.
-
For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0
-
Why is it important to check cultural generalizations?
-
Evaluate an oral presentation given by a classmate or a speaker on your campus. Use the following categories: Strategy 1. Choosing an effective kind of presentation for the situation. 2. Adapting...
-
As a supervisor in a state agency, you have a dilemma. You received this e-mail message today: From: John Inoye, Director of Personnel, Department of Taxation Subject: Need Recommendation for Peggy...
-
Dee commenced in self-employment on 6 April 2021. She initially prepared accounts to 5 April, but changed her accounting date to 31 July by preparing accounts for the four- month period to 31 July...
-
Stephen is a UK resident taxpayer with two different sources of income. He works part time as an IT consultant for a small number of clients, on a project management basis. A separate contract is...
-
Roseanne is a Scottish taxpayer. She starts trading on 1 July 2023 and prepares accounts for the 16 months to 31 October 2024. The adjusted trading profit for this period is 38,560. Her only other...
Study smarter with the SolutionInn App