Carla Vista Company increased its investments in marketable securities by $320,370 and paid $1,217,231 for new...

Carla Vista Company increased its investments in marketable securities by $320,370 and paid $1,217,231 for new fixed assets during 2017. The company also repaid $766,200 of existing long-term debt while raising $913,515 of new debt capital. In addition, Carla Vista had a net cash inflow of $339,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $54,001. What is the net cash used in long term investing activities by Carla Vista? What is the net cash provided by the company’s financing activities?

Investing activities

Financing activities

Solutions

Expert Solution

What is the net cash used in long term investing activities by Carla Vista=1217231+320370-339002=1198599 (this is cash outflow)

What is the net cash provided by the company’s financing activities=913515-766200-54001=93314 (this is cash inflow)

jeff jeffy answered 2 years ago

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