Question
1.- Please use the following information regarding Anup Jewelry Company's cash transactions during 2018 (all figures in millions) to answer questions Cash from customers $2250
1.- Please use the following information regarding Anup Jewelry Company's cash transactions during 2018 (all figures in millions) to answer questions
Cash from customers $2250
Sale of Investments $240
Payment of salaries to employees $126
Issue of common stock $300
Proceeds from issue of notes payable $900
Sale of patents $45
Interest paid $24
Payments to suppliers $450
a.-What is the cash flows from operating activities for 2018? Please exclude "$" from your answer, report in millions, and present negative values in parentheses.
b.-What is the cash flows from investing activities for 2018? Please exclude "$" from your answer, report in millions, and present negative values in parentheses.
c.-What is the cash flows from financing for 2018? Please exclude "$" from your answer, report in millions, and present negative values in parentheses.
2.-Beta Chemical Co. reported the following information for the year ended December 31, 2018.
Accounts payable decreased during the year by $4,000;
Inventory increased during the year by $2,000;
Beta Chemical Co.has no accounts receivable, as all sales are cash sales;
Net income for the year was $2,500;
On December 30, 2018, Beta Chemical Co. sold a piece of equipment for $3,000 that originally cost $6,000. The accumulated depreciation on this piece of equipment at the time of sale was $4,000.
The total Accumulated Depreciation on Beta Chemical Co.'s equipment decreased from $10,000 at December 31, 2017 to $8,000 at December 31, 2018.
What are Beta Chemical's cash flows from operating activities for 2018?
Please exclude "$" from your answer, and present negative values in parentheses.
3 Hank's construction company reported the following:
12/31/1712/31/18
PPE (Gross)2,000,0001,800,000
Accumulated Depreciation(400,000)(500,000)
PPE (Net)1,600,0001,300,000
Fiscal year Ending
12/31/18
Net Income22,000,000
Gain on sale of PPE50,000
Depreciation Expense240,000
No PPE was purchased during 2018. Determine Hank's 2018 total net cash flow from investing activities.
Please exclude "$" from your answer, and present negative values in parentheses.
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