Flint Corporation reported net cash provided by operating activities of $371,400, net cash used by investing activities of $153,400, and net cash provided by financing activities of $83,800. In addition, cash spent for capital assets during the period was $209,500. No dividends were paid. Calculate free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $

Flint Corporation reported net cash provided by operating activities of $371,400, net cash used by investing activities of $153,400, and net cash provided by financing activities of $83,800. In addition, cash spent for capital assets during the period was $209,500. No dividends were paid. Calculate free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 15E

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During the year, Hepworth Company earned a net income of 61,725. Beginning and ending balances for the year for selected accounts are as follows: There were no financing or investing activities for the year. The above balances reflect all of the adjustments needed to adjust net income to operating cash flows. Required: 1. Prepare a schedule of operating cash flows using the indirect method. 2. Suppose that all the data are used in Requirement 1 except that the ending accounts payable and cash balances are not known. Assume also that you know that the operating cash flow for the year was 20,475. What is the ending balance of accounts payable? 3. CONCEPTUAL CONNECTION Hepworth has an opportunity to buy some equipment that will significantly increase productivity. The equipment costs 25,000. Assuming exactly the same data used for Requirement 1, can Hepworth buy the equipment using this years operating cash flows? If not, what would you suggest be done?
The following information is available from the current period financial statements: Net income $106,740 Depreciation expense 37,256 Increase in accounts receivable 16,396 Decrease in accounts payable 24,416 The net cash flows from operating activities using the indirect method is Oa. $184,808 Ob. $77,504 Oc. $103,184 Od. $53,088
Flowers Corporation reported net cash provided by operating activities of $501,500, net cash used by investing activities of $280,910, and net cash provided by financing activities of $62,020. In addition, cash spent for capital assets during the period was $198,60. Average current liabilities were $167250 and average total liabilities were $296,130. No dividends were paid. Calculate these values: a. Free cash flow b. Current cash debt coverage c. Cash debt coverage
Sanders, Inc. reported net income of S205. Beginning and ending balances of accounts receivable were S40 and S45, respectively. Accounts payable balances at the beginning and ending ofthe year were S35 and S33, respectively. Assuming all relevant information has been presented, Sanders should report net operating cash flows of:
Bramble Corporation reported net cash provided by operating activities of $361,200, net cash used by investing activities of $150,800, and net cash provided by financing activities of $78,900. In addition, cash spent for capital assets during the period was $206,000. No dividends were paid.Calculate free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Flounder Corp. reported net cash provided by operating activities of $506,760, net cash used by investing activities of $307,500, and net cash provided by financing activities of $86,100. In addition, cash spent for capital assets during the period was $246,000. No dividends were paid. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow 266760
The following information is available from the current period financial statements: Net income $116,183 Depreciation expense 22,347 Increase in accounts receivable 16,987 Decrease in accounts payable (18,309) The net cash flows from operating activities using the indirect method is a.$58,540 b.$173,826 c.$116,183 d.$103,234
The Retained Earnings account has a beginning balance of $330,475 and an ending balance of $358,013. Net income is $41,051. Which of the following statements is correct? Multiple Choice O $13,513 would be subtracted when determining cash flows from financing activities. $41,051 would be added when determining cash flows from financing activities. $330,475 would be added when determining cash flows from operating activities. $27,538 would be added when determining cash flows from financing activities.
The following information is available from the current period financial statements: $ 116,406 25,140 25,519 23,537 Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable The net cash flow from operating activities using the indirect method is Oa. $190,602 Ob. $92,490 Oc. $116,406 Od. $93,248
The net income reported on an income statement for the current year was $63,000. Depreciation recorded on fixed assets for the year was $24,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
The net income reported on an income statement for the current year was $63,000. Depreciation recorded on fixed assets for the year was $24,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. End Beginning Cash $65,000 $70,000 Accounts receivable (net) 70,000 57,000 Inventories 86,000 102,000 Prepaid expenses 4,000 4,500 Accounts payable (merchandise creditors) 51,000 58,000 Cash dividends payable 4,500 6,500 Salaries payable 6,000 7,500 Cash Flows from Operating Activities Section Cash flows from operating activities: $ Adjustments to reconcile net income to net cash flow from operating activities: Changes in current…
Kane Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $50,500; net cash used in investing activities was $15,000 and net cash used in financing activities was $19,500. If the beginning cash balance is $7,500, what is the ending cash balance?