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In: Finance

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
  1. What is the net cash provided by operating activities of Haven Hardware?
  1. −$30,000
  2. $220,000
  3. $100,000
  4. $280,000

  1. What is the net increase or decrease in cash for Haven Hardware for 2015?
  1. −$32,000
  2. −$88,000
  3. $88,000
  4. $188,000

  1. What is the cash at the end of 2015 for Haven Hardware?
  1. $6,000
  2. $68,000
  3. $36,000
  4. $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
  1. What is the net cash provided by operating activities of Haven Hardware?

c. $100,000

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

A -32,000

  1. 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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