George wants to prepare a Cash Flow Statement to understand the businesses’ financial position. George has...

George wants to prepare a Cash Flow Statement to understand the businesses’ financial position. George has asked you for assistance with the preparation of the Cash Flow Statement. The information below was provided by George for the year ended 30 June 2020.

	$
Beginning cash balance at 30 June 2019	20,000
Cash paid to repay Credit Union Loan	55,000
Cash from issuing shares to a new investor	50,000
Cash paid for Wages	21,000
Cash received from customers	70,000
Cash paid to purchase new Equipment	20,000
Interest paid	15,000
Paid Dividend	10,000
Cash received from sale of fixed assets	75,000
Revenue from credit sales	10,000
Depreciation expense – equipment	35,000
Interest owing for a bank loan (payment due on 5 July 2020)	14,000
Cash paid for inventories	50,000

To help George, you are required to calculate the following cash inflows and outflows and the ending balance as of 30 June 2020:

a) Cash flow (cash receipts and payments) from operational activities

b) Cash flow (cash receipts and payments) from investing activities

c) Cash flow (cash receipts and payments) from financing activities

d) Ending cash balance

Expert Solution

ekkarill92 answered 1 year ago

Prepare statement of cash flow from the financial statement of Alfalah (Pvt) Ltd. For the year...

Prepare statement of cash flow from the financial statement of Alfalah (Pvt) Ltd. For the year ended. PROFIT AND LOSS STATEMENT 2017 RS. Sales 757,645 Cost of sales (628,143) Gross Profit 129,502 Administration expense 14,723 Other expenses 21,992 Gain on sale of fixed assets (2,000) Depreciation expenses 23,000 57,715 Profit before income tax 71,787 Income tax expenses(current) and deferred) 23,787 Net profit after tax 48,000 STATEMENT OF RETAINED EARNINGS Retained earnings, beginning of period 7,312 Net profit for the period...

From the cash flow statement, discuss the main aspects of the cash flow position of the...

From the cash flow statement, discuss the main aspects of the cash flow position of the company. 28/01/2017 30/01/2016 24/01/2015 th GBP th GBP th GBP 12 months 12 months 12 months Cons. Cons. Cons. Unqualified Unqualified Unqualified IFRS IFRS IFRS Net Cash In(Out)flow Operat. Activ. 850,400 761,300 894,900 Net Cash In(Out)flow Ret. on Invest. -31,400 -30,200 -27,900 Taxation -150,900 -153,000 -152,600 Net Cash Out(In)flow Investing Activ. -154,300 -139,300 -106,000 Capital Expenditure & Financ. Invest. Acquisition & Disposal Equity Dividends...

Prepare a balance sheet and cash flow statement using the selected financial statement information and additional...

Prepare a balance sheet and cash flow statement using the selected financial statement information and additional data for Stanislaus Co. presented below. Balance sheet December 31 2015 Cash.......................................................... $52,000 Accounts receivable (net)........................... 64,000 Inventory.................................................. 178,000 Land.......................................................... 78,800 Equipment................................................. 504,000 TOTAL............................................ $876,800 Accumulated depreciation.......................... $94,000 Accounts payable....................................... 50,400 Notes payable - short-term........................ 67,200 Notes payable - long-term.......................... 178,000 Common stock........................................... 420,000 Retained earnings...................................... 67,200 TOTAL............................................ $876,800 ...

Prepare an income statement, a statement of changes in equity, and a statement of financial position...

Prepare an income statement, a statement of changes in equity, and a statement of financial position for Norman Rae Ltd., a service business, from the items listed below for the month of October, 2018: ...... Accounts payable............................................................................. $10,000 ...... Accounts receivable......................................................................... 14,000 ...... Cash................................................................................................. 10,000 ...... Common shares............................................................................... 28,000 ...... Dividends paid.................................................................................. 6,000 ...... Income tax expense......................................................................... 4,500 ...... Equipment........................................................................................ 30,000 ...... Supplies............................................................................................ 2,800er. ...... Supplies expense............................................................................. 3,500 ...... Rent expense......................................................................................

Prepare an income statement for December 2020 and a classified statement of financial position at December...

Prepare an income statement for December 2020 and a classified statement of financial position at December 31, 2020. On December 1, 2020, Cambridge Printers had the account balances shown below. Debit Credit Cash £ 4,650 Accumulated Depreciation – Equipment £ 1,500 Accounts Receivable 3,900 Accounts Payable 3,000 Inventory 1,950 (3,000 x £0.65) Owner’s Capital 27,000 Equipment 21,000 £ 31,500 £ 31,500 The following transactions occurred during December. December 3: Purchased 4,000 units of inventory on account at a cost of...

Prepare the 2018 cash flow statement for XYZ Corp. Assume no dividends were paid. Financial Statements...

Prepare the 2018 cash flow statement for XYZ Corp. Assume no dividends were paid. Financial Statements for XYZ Corp. Balance Sheet for Period Ending December 31. Assets 2017 2018 Cash and Marketable Securities 40 15 Accounts Receivable 160 80 Inventories 250 370 Total Current Assets 450 465 Gross Plant and Equipment 675 855 less: Accumulated Depreciation 250 300 Net Plant and Equipment 425 555 Total Assets 875 1020 Liabilities and Equity Accounts Payable 15 30 Short-term Bank Loans 35 40...

From the information given, prepare two of the three sections of the cash flow statement. Prepare...

From the information given, prepare two of the three sections of the cash flow statement. Prepare the “financing” and the “investing” sections. 2019 2018 Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

128). What is Financial statement and cash flow analysis?

Prepare an income statement, balance sheet and cash flow statement for the year 2023 The question...

Prepare an income statement, balance sheet and cash flow statement for the year 2023 The question no longer need to be answered

Prepare a cash flow statement using the indirect method Lomax Income Statement Sales . . ....

Prepare a cash flow statement using the indirect method Lomax Income Statement Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 Cost of goods sold . . . . . . . . . . . . . . . . . 1,300,000 Gross margin . . . . . . . . . . . . . ....

Question