In: Finance
STATEMENT OF CASH FLOWS
Hampton Industries had $55,000 in cash at year-end 2015 and $16,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $280,000. Cash flow from financing activities totaled +$180,000. Round your answers to the nearest dollar, if necessary.
Hampton Industries | ||
Statement of Cash Flows (Indirect Method) | ||
a) | Cash flow from operating Activity=($280000-$180000-$55000+$16000) | $ 61,000.00 |
Add: Cash flow from Investing Activity | $ -2,80,000.00 | |
Add: Cash flow from Financial Activity | $ 1,80,000.00 | |
Add: Beginning Cash Balance | $ 55,000.00 | |
Ending Cash Balance | $ 16,000.00 | |
b) | Net Income=($61000-$5000-(-$200000)-$75000) | $ 1,81,000.00 |
Add: Depreciation & Amortization | $ 75,000.00 | |
Less: Increased in Accounts Receivable | $ -2,00,000.00 | |
Add: Increased in Accruals | $ 5,000.00 | |
Net Cash from operating Activity | $ 61,000.00 | |