Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement
Question:
Required
Comment on Thalina Mineral Works cash flows. Do you see any indicators of potential liquidityproblems?
Transcribed Image Text:
2014 2013 2012 Net cash used by operating $ (937,703) $4,938,229) $(1,786,654) activities Net cash used by investing activities (336,980) (186,582) (261,468) (333,202) Net cash used by financing (1,514,680) (5,120,909) activities Net change in cash and equivalents Cash and cash equivalents at beginning 7,048,409 13,762786 21,003,551 (1,461,265) 6,714,377) 7,240,765) of year Cash and cash equivalents at end of year $5,587,144 $7,048,409 $13,762,786
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Thalina Mineral Works has not generated net cash from operations for the pas...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement of cash flows for the years 20182020 follows. Required Comment on Thalina Mineral...
-
The following is a statement of cash flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather...
-
Do you see any potential EEO issues that should be considered at CompTech? Explain your answer with as much detail as possible.
-
Give the eccentricities of conic sections with one focus at the origin of the polar coordinate plane, along with the directrix for that focus. Find a polar equation for each conic section. e = 1/2, r...
-
For the equilibrium at 400 K, Kc = 7.0. If 0.25 mol of Br2 and 0.55 mol of Cl2 are introduced into a 3.0-L container at 400 K, what will be the equilibrium concentrations of Br2, Cl2, and BrCl?
-
As the new chief financial officer (CFO) for a tobacco company, you are required to review the company's contingencies. Many lawsuits are in different stages and categories, and they include both...
-
Innovative Technologies Ltd uses a job order costing system to control costs in its two production departments. Factory overhead is applied on the basis of machine hours in the Construction...
-
1. A new car loses about ________ percent of its value in the first week because recent buyers are more likely to want to sell a ________ (lemon/plum). 2. Arrows up or down: Government regulations...
-
What is wrong in the following code? int sum = 0; int i; for (int i= 10; i > 0; i--) sum += i; i++;
-
Imagine you are a member of the team at the investors reviewing the viability of the Zopa business. On which criteria would you assess the future potential of the business and the returns in your...
-
The following items were gathered from Daniels Distributings general ledger: Purchase of marketable securities......... $200,000 Depreciation and amortization expense....... . 31,980 Declaration of...
-
Lind Industries is one of the largest manufacturers of small motors in the United States. The cash flows provided by investing activities section of the company's statement of cash flows for the...
-
On January 20, 2020, Jennifer Nelson, the staff accountant for Newby Enterprises, is feeling pressure to complete the preparation of the annual financial statements. The president of the company has...
-
Question 1 Briefly describe three (3) theories of innovation . Answer: (please answer in as much own word as possible) Question 2 Describe the context for innovation in the workplace, including: core...
-
Panera Coffee has a beta of 0.86. The risk-free rate of return is 3.3 percent and the market rate of return is 12.0 percent. What is the risk premium on this stock?
-
Honeycomb has two shareholders Hannah 70% and Harry, 30%. It distributes the following assets in a complete liquidation: land to ( Harry) FMV $150,000, basis $120,000. Inventory to (Hannah) FMV...
-
What are some of the issues and challenges related to digital, mobile, and social technology assessments that should be considered about creating online training assessments?
-
Topic for Discussion : Describe how HRD is linked to the overall goals and strategies of an organization; identify the major external and internal factors that influence employee behavior. Human...
-
Determine the value of filter inductance required to filter out the 11th harmonic from a 60-Hz bus voltage that supplies a 12-pulse converter with a 100-kVAR, 4160-V bus capacitor.
-
Rewrite the code of Figure 7.3 in Ada, Java, or C#. Figure 7.3: template class queue { item items [max_items]; int next_free, next_full, num_items; public: queue () : next_free (0), next_full(0),...
-
Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million of savings deposits, $40 million of small-denominated time deposits,...
-
If the units produced exceed unit sales, which method would you expect to show the higher net operating income, variable costing or absorption costing? Why?
-
If fixed manufacturing overhead costs are released from inventory under absorption costing, what does this tell you about the level of production in relation to the level of sales?
-
Under absorption costing, how is it possible to increase net operating income without increasing sales?
-
You have $8,500 to invest for 5 years. Find how much you'll have at the end of the 5 years if you earn 3.4% interest compounded (a) annually: $ (b) monthly: $ (c) daily: $ (d) continuously: $
-
Create instructions for a UHD student on how to use Zoom to record an oral presentation. This assignment has two purposes: I need to ensure you know how to use Zoom to record your group's oral...
-
Solve for x: 1 3x-3x-2=24 2 3*+1=3x+1/3 3 3x+3x+2=10 4 5x+1 1 =2.5* 5 2x+2x+2x=96 6 12x+12=288 7 2x+2x-2=5 8 22x+4x+1=80 EXERCISE 5 Solve for x: 8.4141-32 = 1 2 3x+1=9x. 27 3 3x+2 = 9.27 4 5-1. = 25*...
Study smarter with the SolutionInn App