Using the following information, compute Net Cash Flow from Financing Activities. Note that some of the numbers in this problem are the same as those in the previous problem. Some, however, are different. You must answer this problem separately.

Balance Sheets for the Years Ending Dec. 31, 2011 and 2012
		2011		2012
Cash		300		400
Accounts receivable		1,000		1,400
Inventories		3,200		3,000
Current assets		4,500		4,800
Net fixed assets		3,800		4,300
Total assets		8,300		9,100
Notes payable		400		300
Accounts payable		700		500
Accruals		50		80
Current portion of long-term debt		70		80
Current liabilities		1,220		960
Long-term debt		4,300		4,900
Common stock ($.20 par)		1,200		1,300
Additional paid-in capital		680		740
Retained earnings		900		1,200
Total liabilities and equity		8,300		9,100

Net income (as reported on the 2012 Income statement) = 592 Depreciation (as reported on the 2012 Income statement) = 324

Net Cash Flow from Financing Activities = __________ INPUT YOUR ANSWER WITHOUT A DOLLAR SIGN AND WITHOUT ANY COMMAS. IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH INFLOW, ENTER THE ANSWER ONLY (for example, enter a cash inflow of $1,000 as 1000). IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH OUTFLOW, PUT A NEGATIVE SIGN BEFORE YOUR ANSWER - DO NOT ENTER A SPACE BETWEEN THE NEGATIVE SIGN AND THE NUMBER (for example, enter a cash outflow of $1,200 as -1200)

Answer:

(378)

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To compute Net Cash Flow from Financing Activities, follow the following simple rule: An increase in a financing account represents a cash inflow. A decrease in a financing account represents a cash outflow. The only financing accounts that we will consider in this course are\: Notes payable Current portion of LT Debt LT Debt Preferred stock Common stock Additional paid in capital or Capital surplus In addition to this list, we ALWAYS subtract the payment of Dividends, Dividends = Net income - Change in Retained earnings. Answer to this problem: Net Cash Flow from Financing Activities = - Decrease in Notes payable + Increase in Current portion of LT Debt + Increase in LT Debt + Increase in Common stock + Increase in Additional paid in capital - Payment of Dividends. = -100 + 10 + 600 + 100 + 60 - Payment of Dividends =670 - Payment of Dividends, where Payment of Dividends = Net income - (1200 - 900) = Net income - 300. Since Net income was a random variable in this problem, plug in the specific figure and solve.

Question 13

0 / 7 points

NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem independent of your answer to any other questions.

Momber's Flooring Company
		2011		2012
Cash		500		800
Accounts receivable		1,400		1,200
Inventory		3,900		4,400
Net fixed assets		8,200		8,200
Land		1,000		2,000
Total Assets		15,000		16,600
Notes payable		1,000		600
Accounts payable		3,000		2,000
Accruals		500		900
Long-term debt		3,600		5,400
Common Stock		2,500		2,200
Retained earnings		4,400		5,500
Total Liabilities and Equity		15,000		16,600

Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flows from Operating Activities for 2012 assuming the following income statement data:

Net income (2012) = $3,382 and Depreciation (2012) = $810

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

Answer:

(3,292)

Question 14

0 / 7 points

NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem independent of your answer to any other questions.

Momber's Flooring Company
		2011		2012
Cash		500		800
Accounts receivable		1,400		1,200
Inventory		3,900		4,400
Net fixed assets		8,200		8,200
Land		1,000		2,000
Total Assets		15,000		16,600
Notes payable		1,000		600
Accounts payable		3,000		2,000
Accruals		500		900
Long-term debt		3,600		5,400
Common Stock		2,500		2,200
Retained earnings		4,400		5,500
Total Liabilities and Equity		15,000		16,600

Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flows from Investing Activities for 2012 assuming the following income statement data:

Net income (2012) = $ 2,608 and Depreciation (2012) = $ 1,528

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

Answer:

(-2,528)

Question 15

0 / 7 points

NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem independent of your answer to any other questions.

Momber's Flooring Company
		2011		2012
Cash		500		800
Accounts receivable		1,400		1,200
Inventory		3,900		4,400
Net fixed assets		8,200		8,200
Land		1,000		2,000
Total Assets		15,000		16,600
Notes payable		1,000		600
Accounts payable		3,000		2,000
Accruals		500		900
Long-term debt		3,600		5,400
Common Stock		2,500		2,200
Retained earnings		4,400		5,500
Total Liabilities and Equity		15,000		16,600

Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data:

Net income (2012) = $3,701 and Depreciation (2012) = $1,535

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.