The firm repurchases its own common stock. e. The firm pays its quarterly dividend. f. The firm issues $1 million of long-term debt and uses the proceeds to repay a short-term bank loan
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sources and Uses of Cash. How would each of
the following events would affect the firm's balance
sheet. State whether each change is a source or use
of cash. (LO3)
d.
The firm repurchases its own common stock.
e.
The firm pays its quarterly dividend.
f. The firm issues $1 million of long-term debt and
uses the proceeds to repay a short-term bank loan.
Step by step
Solved in 2 steps
- What is the firm's cash flow from financing? What is the firm's cash flow from investing? What is the firm's total change in cash from the prior year to the current year? Answer format: Number: Round to: 0 decimal places.Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 31, 2023 and 2022 (in millions): Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable other accrued liabilities Total current liabilities Req A January 31, January 31, 2023 2022 $9 6 9 7 11 $ 22 $ 26 3 $5 $5 5 2 4 $ 14 Required: a. Calculate the working capital and current ratio at each balance sheet date. b. Evaluate the firm's liquidity at each balance sheet date. c. Assume that the firm operated at a loss during the year ended January 31, 2023. How could cash have increased during the year? Req B and C Working capital Current ratio Complete this question by entering your answers in the tabs below. 01/31/2023 4 $ 11 Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your…Refer to the information below for CakePops Inc. a. Calculate the profit or loss for 2023. b. What caused common shares to change during 2023? Show your calculations. c. What caused the change in notes payable during 2023? d. Do share dividends affect the statement of cash flows? Explain your answer. CakePops Inc. Comparative Balance Sheet Information Cash Accounts receivable (net) Machinery (net) Franchise (net) Accounts payable Notes payable, long-term Common shares Retained earnings* *$10 of share dividends were declared and distributed during 2023. Page 1180 December 31 2023 2022 $ 25 $ 5 15 20 300 262 20 0 65 52 70 30 160 90 65 115
- 1. Which can qualify as cash equivalent? a. One-year BSP treasury bill b. Six-month money market placement c. Equity securities d. Preference shares with specified redemption date and acquired three months before redemption date 2. According to PAS 7, which of the following statement is incorrect? * a. Statement of Cash Flows requires an entity to present a statement of cash flows as an integral part of its primary financial statements b. Investing and financing transactions which do not require the use of cash should be excluded from the statement of cash flows, but they should be separately disclosed elsewhere in the financial statements c. Cash flows under operating activities are classified and presented either using the 'direct' or 'indirect' method d. None. All of the above statements are correct 3. The aggregate cash flows arising from obtaining or losing control of subsidiaries or other…1. What is the firm's cash flow from financing? 2. What is the firm's cash flow from investing? 3. What is the firm's total change in cash from the prior year to the current year?Which of the following is an example of an operating cash flow? * Dividends paid Proceeds from sale of equipment Payment of wages Borrowing of P100,000 from a bank
- Which of the following is an example of a financing cash flow? * O Dividends received Purchase of a service vehicle Payment of wages Borrowing of P50,000 from a finance company IWhich of the followina transactionsWhich of the following statements concerning the balance sheet is TRUE? a. Ob. C. Operating cash flow (OCF) should be the cash available to creditors. Assets on the balance sheet must be listed in the order in which they are repaid. Changes in depreciation expense affect a firm's cash position. d. The balance sheet shows the prices at which each individual investor purchased the company's stocks and bonds.Indicate if the following transactions increase or decrease cash and classify the transactions as Operating, Investing or Financing Activities Enter I For increase and D for decrease. Enter O for Operating, I for Investing, and F for Financing. 1. Pay taxes D O 2. Collect cash from customers I O 3. Issue common stock F 4. Take out a loan from a bank 5. Purchase stock in another company I 6. Sell government debt security 7. Buy a patent 8. Retire a bonds payable 9. Pay dividends 10. Pay insurance 11. Pay interest on a loan 12. Pay principal on a loan 13. Pay salaries 14. Repurchase treasury stock 15. Sell a copyright to another firm 16. Pay suppliers for inventory 17. Dividend payments received from stock investment. 18. Interest payments received from investment in government debt securities.
- Use the following information to determine cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock.4. How do increases in fixed assets from one period to the next affect the cash account?5. List at least three working capital accounts that represent sources of cash for the firm and the changes the financial manager would have to make to those accounts to improve the cash account for the next firm's closing period.6. What does “decrease in short-term notes” mean in Davis Corporation, LLC's financial statement and how does it affect the cash balance at the end of the period?7. From Davis Corporation, LLC's statement of cash flows, discuss what may have caused the greatest change in the company's cash flow position for 20x9 compared to the prior year.3. (a) From the following Balance Sheet as on 31 st December 2019 and 31st December 2020. You are required to prepare a Cash Flow Statement. Amount Amount Assets Rs. 3,00,000 Fixed Assets 80,000 Good Will 1,60,000 Stock 1,20,000 Debtors 80,000 BHIs Receivable 30,000 Bank Liabilities Share Capital General Reserve P & L Account 6% Debentures Creditors O/S Expenses Rs. 2,00,000 60,000 1,00,000 1,00,000 60,000 20,000 5,40,000 7,70,000 Amount Rs. Amount Rs. 2,00,000 3,00,000 1,00,000 80,000 1,00,000 1,60.000 1,00,000 1,60,000 20,000 40,000 20,000 30,000 5,40,000 7,70,000
