show working please Cash Dividend $70,000 Purchase of Land $28,000 Cash Payment on Interest $20,000 Cash...

show working please

Cash Dividend	$70,000
Purchase of Land	$28,000
Cash Payment on Interest	$20,000
Cash payment on Salaries	$90,000
Sales of Equipment	$76,000
Retirement of Common Stock	$50,000
Purchase of Equipment	$60,000
Cash Payment to Suppliers	$170,000
Cash Collections from Customers	$380,000
Cash at the beginning of the year	$100,000

What is the net cash provided by operating activities of Haven Hardware?

−$30,000
$220,000
$100,000
$280,000

What is the net increase or decrease in cash for Haven Hardware for 2015?

−$32,000
−$88,000
$88,000
$188,000

What is the cash at the end of 2015 for Haven Hardware?

$6,000
$68,000
$36,000
$88,000

Solutions

Expert Solution

Cash flow from operating activities:

Cash payment of interest	(20,000)
Cash payment on Salaries	(90,000)
Cash Payment to Suppliers	(170,000)
Cash Collections from Customers	380,000
Net cash flow from operating activities (A)	100,000

Investing Activities:
Purchase of Land	(28,000)
Sales of Equipment	76,000
Purchase of Equipment	(60,000)
Net cash flow from investing activities (B)	(12,000)

Financing Activities
Cash Dividend	(70,000)
Retirement of Common Stock	(50,000)
Net cash flow from financing activities (C)	(120,000)

Net change in cash (A+B+C)	(32,000)
Beginning cash	100,000
Cash, end	68,000

What is the net cash provided by operating activities of Haven Hardware?

c. $100,000

What is the net increase or decrease in cash for Haven Hardware for 2015?

A -32,000

What is the cash at the end of 2015 for Haven Hardware?

B 68,000

jeff jeffy answered 1 year ago

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