Question

6/ Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $33,500; net cash used in investing activities was $12,200 and net cash used in financing activities was $15,300. If the beginning cash balance is $6,100, what is the ending cash balance?

Multiple Choice

$67,100.

$54,900.

$36,500.

$6,000.

$12,100.

7/ Analysis reveals that a company had a net increase in cash of $21,320 for the current year. Net cash provided by operating activities was $19,200; net cash used in investing activities was $10,600 and net cash provided by financing activities was $12,720. If the year-end cash balance is $25,800, the beginning cash balance was:

Multiple Choice

$4,480.

$16,840.

$47,120.

$42,640.

$41,640.

8/ A company had average total assets of $4,160,000, total cash flows of $2,820,000, cash flows from operations of $580,000, and cash flows from financing of $1,500,000. The cash flow on total assets ratio equals:

Multiple Choice

36.10%.

25.18%.

13.24%.

13.90%.

67.80%.

9/ Bagwell's net income for the year ended December 31, Year 2 was $188,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.

At December 31	Year 2			Year 1
Common Stock, $5 par value	$	503,000		$	452,700
Paid-in capital in excess of par		951,000			855,700
Retained earnings		691,000			584,700

Multiple Choice

$95,300.

$145,600.

$106,300.

$81,700.

$50,300.

10/ In preparing a company's statement of cash flows for the most recent year, the following information is available:

Loss on the sale of equipment	$	15,600
Purchase of equipment		161,000
Proceeds from the sale of equipment		142,000
Repayment of outstanding bonds		95,000
Purchase of treasury stock		70,000
Issuance of common stock		104,000
Purchase of land		131,000
Increase in accounts receivable during the year		51,000
Decrease in accounts payable during the year		83,000
Payment of cash dividends		43,000

Net cash flows from investing activities for the year were:   

Multiple Choice

$150,000 of net cash used.

$284,000 of net cash used.

$134,400 of net cash used.

$245,000 of net cash provided.

$150,000 of net cash provided.

Answer 1

6)	Net cash provided by operating activities					33,500
	Net cash used in investing activities					-12,200
	Net cash used in financing activities					-15,300
	net increase in cash					6,000
	Cash at beginning of the year					6,100
	Cash at year end					12,100	Answer
7)	Net cash provided by operating activities					19,200
	Net cash used in investing activities					-10,600
	Net cash provided by financing activities					12,720
	net increase in cash					21,320
	Cash at beginning of the year					4,480
	Cash at year end					25,800
	Answer $4,480
8)	Cash flow on total assets
	= cash flow from operations/Average total assets
	580,000/4,160,000
	13.90%	Answer
9)	opening retained earnings				584,700
	Add:Net income for the year				188,000
	Subtotal				772,700
	less closing retained earnings				-691,000
	Cash dividend				81,700	answer
10)	Net cash flow from investing activities
	purchase of Equipment				-161,000
	proceeds from sale of Equipment				142,000
	purchase of land				-131,000
	Net cash used by investing activities				-150,000
	$150,000 of net cash used