In: Accounting
Laker Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $99,300 Cash borrowed from banks totaled $42,700 Cash paid to employees totaled $23,300 Cash paid for interest expense totaled $3,100 Cash received from selling an investment in Husky stock totaled $73,000 Cash payments to banks for repayment of money borrowed totaled $9,700. (principal only) Cash paid for operating expenses totaled 11,200 Land costing $75,000 was sold for & $75,000 cash Cash paid for dividend payments to stockholders totaled $7,700 a. calculate Laker's net cash flow for financing activities, b. calculate Laker's net cash flow from investing activities
Particulars | Amount | Total Amount |
Cash flow from operating activities | ||
Cash collected from customers | 99,300.00 | |
Cash paid to employees | (23,300.00) | |
Cash paid for interest expense | (3,100.00) | |
Cash paid for operating expenses | (11,200.00) | |
Cash flow from operating activities | 61,700.00 | |
Cash flow from Investing activities | ||
Cash received from selling an investment in Husky stock | (73,000.00) | |
Sale of land | 75,000.00 | |
Cash flow from Investing activities | 2,000.00 | |
Cash flow from Financing activities | ||
Cash borrowed from banks | 42,700.00 | |
Cash payments to banks for repayment of money borrowed | (9,700.00) | |
Dividend paid | (7,700.00) | |
Cash flow from Financing activities | 25,300.00 |