In: Accounting
Category | Prior Year | Current Year |
Accounts payable | 3,183.00 | 5,905.00 |
Accounts receivable | 6,928.00 | 9,015.00 |
Accruals | 5,668.00 | 6,088.00 |
Additional paid in capital | 19,527.00 | 13,729.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,853.00 | 18,239.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 951.00 | 1,039.00 |
Interest expense | 1,281.00 | 1,153.00 |
Inventories | 3,078.00 | 6,718.00 |
Long-term debt | 16,682.00 | 22,603.00 |
Net fixed assets | 75,744.00 | 74,220.00 |
Notes payable | 4,015.00 | 6,579.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,085.00 | 34,335.00 |
Sales | 46,360 | 45,232.00 |
Taxes | 350 | 920 |
What is the firm's total change in cash from the prior year to the current year? (Round to 0 decimal places).
First we have to calculate Dividends paid:
Sales | $ 45,232 | |
Less: Expenses | ||
Taxes | $ (920) | |
Operatng expenses | $ (20,000) | |
Interest expenses | $ (1,153) | |
Depreciation expenses | $ (1,039) | |
COGS | $ (18,239) | |
Total expenses | $ (41,351) | |
Net income | $ 3,881 | |
Add: Retained earnings previous years | $ 35,085 | |
Less: Retained earnings current years | $ (34,335) | |
Dividends paid | $ 4,631 |
Cash received from customers (45232+6928-9015) | $ 43,145 | |
Cash paid to suppliers (18239+3183-5905+6718-3078) | $ (19,157) | |
Cash paid for operating expenses (20000+5668-6088) | $ (19,580) | |
Cash paid for interest expense | $ (1,153) | |
Cash paid for income tax expense | $ (920) | |
Cash flow from operations | $ 2,335 | |
Cash receievd from sale of fixed assets (75744-74220-1039) | $ 485 | |
Net cash provided by investing activities | $ 485 | |
Repayment of additional capital (13729-19527) | $ (5,798) | |
Cash received from long term debt (22603-16682) | $ 5,921 | |
Cash received from by issue of Notes (6579-4015) | $ 2,564 | |
Cash paid for dividends (WN 1) | $ (4,631) | |
Net cash used by financing activities | $ (1,944) | |
Change in cash ($2,335+$485-$1,944) | $ 876 |
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