1. a statement of Cash Flow based on the income statement below and use the information from your completed cash flow statement to answer questions # 1-5 on your online exam on Canvas

Income Statement

Union Diner

2019

Revenue

Food Sales

16,838.00

Beverage Sales

8,899.00

Retail Sales

5,251.00

Catering Sales

17,573.00

Delivery fees

1,224.00

New Loan

10,000.00

Total Revenue

$59,785.00

Expenses

Food cost (33%)

5,556.54

Beverage cost (18%)

1,601.82

Discounts Allowed

510.90

Salaries

4,547.00

Performance Bonuses

528.00

Operating Expenses

7,614.00

Cont. to Loan

1,642.00

Inventory Purchases

10,403.00

Rent

9,966.00

Settlement of Accts. Payable

554.00

Tax Expense

3,361.00

Total Expenses

$45,384.26

Profit

$14,400.74

Dividends (less 40%)

5,760.30

Net-Profit

8,640.44

Depreciation Costs

Kitchen Equipment

185.50

Bar Equipment

523.00

Appliances, Glass, China, f/f

132.00

1.Based on your completed cash flow statement what was the diner's total revenue?

A.$59,785

B.$48,561

C.$49,785

D.None are correct

2.Based on your completed cash flow statement did the diner experience a cash net INCREASE or net DECREASE for 2019?

A.A net increase of 6,900.44

B.A net increase of $8,640.44

C.A net decrease of $6.900.44

D.A net increase of $8,640.44

3.Based on your completed cash flow statement what was the balance of your INVESTING activities?

A.POSITIVE cash flow of $11,243.00

B.NEGATIVE cash flow of $11,243.00

C.POSITIVE cash flow of $6,900.44

D.NEGATIVE cash flow of $6,900.44

4.Based on your completed cash flow statement what was the balance of your total OPERATING activities?

A.$25,545.74

B.$84,024.26

C.$15,545.74

D.Negative $25,545.74

5.Based on your completed cash flow statement what was the balance of your FINANCING activities?

A.POSITIVE $17,402.30

B.NEGATIVE $2,597.70

C.NEGATIVE $17,402.30

D.POSITIVE $2,597.70