Identify any weaknesses in the company revealed by the statement of cash flows of Nemmer Electric, Inc.
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Identify any weaknesses in the company revealed by the statement of cash flows of Nemmer Electric, Inc.
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NEMMER ELECTRIC, INC. STATEMENT OF CASH FLOWs FOR THE CURRENT YEAR Operating activities: Income from operations........ Add (subtract) noncash items: Depreciation... Net increase in current assets other than cash Net increase in current liabilities exclusive of short-term debt Net cash inflow from operating activities.. Investing activities: Sale of property, plant, and equipment........... Financing activities: Issuance of bonds payable. 52,000 $ 23,000 (15,000) 11,000 19,000 71,000 101,000 $114,000 Payment of short-term debt. (171,000) Payment of long-term debt.. (79,000) Payment of dividends.. (42,000) Net cash outflow from financing activities. Decrease in cash.... (178,000) $ (6,000)
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Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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