1/ Stormer Company reports the following amounts on its statement of cash flow: Net cash provided...

1/ Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $39,500; net cash used in investing activities was $14,600 and net cash used in financing activities was $18,900. If the beginning cash balance is $7,300, what is the ending cash balance?

Multiple Choice

$80,300.

$65,700.

$42,500.

$6,000.

$13,300.

2/ company had net cash flows from operations of $124,000, cash flows from financing of $338,000, total cash flows of $512,000, and average total assets of $2,740,000. The cash flow on total assets ratio equals:

Multiple Choice

4.5%.

4.7%.

18.7%.

19.2%.

24.2%.

3/ Use the following information and the indirect method to calculate the net cash provided or used by operating activities:


Net income	$	87,100
Depreciation expense		13,800
Gain on sale of land		6,500
Increase in merchandise inventory		3,850
Increase in accounts payable		7,950

Multiple Choice

$32,000.

$16,600.

$38,500.

$17,600.

$98,500.

Solutions

Expert Solution

ekkarill92 answered 8 months ago

Next > < Previous

Related Solutions

6/ Stormer Company reports the following amounts on its statement of cash flow: Net cash provided...

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...

Question 1: Statement of Cash Flows The statement of cash flow reports cash flow amounts including...

Question 1: Statement of Cash Flows The statement of cash flow reports cash flow amounts including 1) operating cash flow, 2) investing cash flows, and 3) financing cash flows. REQUIRED: Describe the corporate strategy of a company that has a positive operating cash flow, an investing cash flow that is negative, and a financing cash flow that is positive. Question 2: Common-Size Balance Sheets Analyzing common-size balance sheet for assets. Please open the attachment “Common-Size Assets”. Three companies are shown...

Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the...

Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the following information regarding 2019: From the income statement: Sales Revenues, $268,000 Cost of Goods Sold, $215,000 Operating Expenses, $36,000 Net Income $17,000 From the balance sheet: Beginning Balance Ending Balance Accounts Receivable $14,900 $17,800 Merchandise Inventory 23,500 18,000 Accounts Payable 6,900 14,000 Accrued Liabilities 4,200 1,700 Assume that there were no sales of long−term assets, no interest revenue, and no expenses other than the...

Abc trading provided following information :- 1. Prepare a Cash Flow Statement from the following information...

Abc trading provided following information :- 1. Prepare a Cash Flow Statement from the following information for the year ended 30 June 2021. 2. Prepare a Statement in accordance with AASB 107 reconciling net cash flows from operating activities to operating profit after income tax. Borrowed from NAB Bank $22,500 Cash at the beginning of the year $100,050 Cash received from Accounts Receivable $136,000 Cash received from sale of equipment $10,000 Cash paid for operating expenses $36,300 Cash sales $80,500...

Curwen Inc. reported net cash flow from operating activities of $180,900 on its statement of cash...

Curwen Inc. reported net cash flow from operating activities of $180,900 on its statement of cash flows for a recent year ended December 31. The following information was reported in the Cash flows from operating activities section of the statement of cash flows, using the indirect method: Decrease in income taxes payable $4,100 Decrease in inventories 10,200 Depreciation 15,700 Gain on sale of investments 7,100 Increase in accounts payable 2,800 Increase in prepaid expenses 1,700 Increase in accounts receivable 7,700...

A statement of cash flows contains the following sections: a. net cash flow from operating activities...

A statement of cash flows contains the following sections: a. net cash flow from operating activities b. cash flows from investing activities c. cash flows from financing activities d. investing and financing activities not affecting cash A list of items that appear on the statement is provided below: ____ 1. Depreciation expense ____ 2. Proceeds from sale of land at a gain ____ 3. Decrease in accounts payable ____ 4. Conversion of bonds to common stock ____ 5. Payment of...

the statement of cash flows reports for a period of time the net cash flows from...

the statement of cash flows reports for a period of time the net cash flows from a. operatingn, income, and financial activities b. operating, investing, and financing activitez c. investing, financial, and budgeting activites d. income, investing, and budgeting activities

1. Both the direct and indirect methods yield the identical net cash flow amount provided or...

1. Both the direct and indirect methods yield the identical net cash flow amount provided or used by operating activities. True or False 2. The cash flow on total assets ratio is affected by income recognition and measurement. True or False 3. Investing activities include (a) the purchase and sale of long-term assets, (b) the purchase and sale of short-term investments, and (c) loaning money. True or False 4. The direct method separately lists operating cash receipts, such as cash...

Statement of cash flows contains the following sections: a. net cash flow from operating activies b....

Statement of cash flows contains the following sections: a. net cash flow from operating activies b. cash flows from investing activites c. cash flows from financing activities d. investing and financing activities NOT affecting cash A list of items that appear on the statement is provided below: _____ 1. Depreciation Expense _____ 2. Proceeds from sale of land on gain (two solutions) _____ 3. Decrease in accounts payable _____ 4. Conversion of bonds to common stock _____ 5. Payment of...

Impact on Net Cash Flow. Angela makes a budget based on her personal cash flow statement....

Impact on Net Cash Flow. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $375 for tags and taxes on her car. How will this payment affect her net cash flow for that month? Suggest ways that Angela might handle this situation.

Subjects