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In: Finance

Item Prior year Current year Accounts payable 8,110.00 7,871.00 Accounts receivable 6,058.00 6,769.00 Accruals 979.00 1,547.00...

Item Prior year Current year
Accounts payable 8,110.00 7,871.00
Accounts receivable 6,058.00 6,769.00
Accruals 979.00 1,547.00
Cash ??? ???
Common Stock 10,700.00 11,833.00
COGS 12,675.00 18,280.00
Current portion long-term debt 5,071.00 5,033.00
Depreciation expense 2,500 2,773.00
Interest expense 733 417
Inventories 4,240.00 4,791.00
Long-term debt 13,126.00 13,225.00
Net fixed assets 51,870.00 54,038.00
Notes payable 4,302.00 9,955.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,271.00 30,212.00
Sales 35,119 46,943.00
Taxes 2,084 2,775

what is the firm's cash flow from operations?

what is the firm's cash flow from financing?

what is the firm's total change in cash from the prior year to the current year?

Solutions

Expert Solution

Increase/(Decrease) Prior Year Current Year Prior Year Current Year
item Prior year Current year During the year Debit Debit Credit Credit
Accounts payable 8,110.00 7,871.00                        (239) Accounts payable 8,110 7,871
Accounts receivable 6,058.00 6,769.00                         711 Accounts receivable 6,058 6,769
Accruals 979 1,547.00                         568 Accruals 979 1547
Cash ??? ??? Cash
Common Stock 10,700.00 11,833.00                      1,133 Common Stock 10,700 11,833
COGS 12,675.00 18,280.00                      5,605 COGS 12,675 18,280
Current portion long-term debt 5,071.00 5,033.00                          (38) Current portion long-term debt 5,071 5,033
Depreciation expense 2,500 2,773.00                         273 Depreciation expense 2,500 2,773
Interest expense 733 417                        (316) Interest expense 733 417
Inventories 4,240.00 4,791.00                         551 Inventories 4,240 4,791
Long-term debt 13,126.00 13,225.00                           99 Long-term debt 13,126 13,225
Net fixed assets 51,870.00 54,038.00                      2,168 Net fixed assets 51,870 54,038
Notes payable 4,302.00 9,955.00                      5,653 Notes payable 4,302 9,955
Operating expenses (excl. depr.) 13,977 18,172                      4,195 Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,271.00 30,212.00                      1,941 Retained earnings 28,271 30,212
Sales 35,119 46,943.00                    11,824 Sales 35,119 46,943
Taxes 2,084 2,775                         691 Taxes 2,084 2,775
                          -   TOTAL 94137 108015 105678 126619
CURRENT YEAR INCOME STATEMENT CURRENT YEAR
A Total Debit excluding Cash 108015 Sales 46,943
B Total Credit 126619 COGS 18,280
C=B-A Cash 18604 Gross Profit 28,663
PRIOR YEAR Operating Expenses:
D Total Debit excluding Cash 94137 Depreciation expense 2,773
E Total Credit 105678 Interest expense 417
F=E-D Cash 11541 Operating expenses (excl. depr.) 18,172
G=C-F Firm's Total Change in Cash from prior year to current year 7063 Total Expenses 21,362
Earning Before Taxes 7,301
CASH FLOW FROM OPERATING ACTIVITIES Taxes 2,775
a Net Income                     4,526 Net Income 4,526
b Depreciation for the year                     2,773
(Increase)/Decrease in current assets
c Increase in Accounts Receivable                       (711)
d Increase in Inventories                       (551)
Increase/(Decrease) in current liabilities
e Decrease in Accounts Payable                       (239)
f Increase in accrual                         568
g=a+b+c+d+e+f FIRM'S CASH FLOW FROM OPERATIONS                     6,366
CASH FLOW FROM FINANCING ACTIVITIES
Increase in Notes Payable                     5,653
Increase in Long Term Debt                           99
Change in Current portion of long term debt                         (38)
Increase in common stock                     1,133
Less: Total dividends paid                     2,585 (Dividend Paid =Net Income -Increase in retained earnings=4526-1941)
NET CASH FLOW PROVIDED BY FINANCING ACTIVITIES                     4,300

jeff jeffy answered 1 hour ago
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