Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Suppose Gulf Shipping Company had the following cash flow results for 2022 : Net Cash Flow from Operating Activities of $5,300,000 Net Cash Flow

image text in transcribedimage text in transcribedimage text in transcribed 1) Suppose Gulf Shipping Company had the following cash flow results for 2022 : Net Cash Flow from Operating Activities of $5,300,000 Net Cash Flow from Investing Activities of $700,000 Net Cash Flow from Financing Activities of $3,200,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 2) Suppose Hopewell Corporation had the following results related to cash flows for 2022: Net Income of $8,300,000 Adjustments from Operating Activities of $1,100,000 Net Cash Flow from Investing Activities of $1,800,000 Net Cash Flow from Financing Activities of $900,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 3) Nippon Technology had Net Income for 2022 of $6,500,000. The firm invested $3,000,000 in manufacturing equipment during 2022 . The equipment is being depreciated over five years using straight-line depreciation, starting in 2022. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2022 with amounts in thousands. What is the Net Cash Flow in 2022? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 4) Valley Technology had Net Income for 2022 of $9,600,000. The firm invested $5,000,000 in manufacturing equipment during 2021 but made no additional capital investments in 2022. The equipment is being depreciated over five years using straight-line depreciation, starting in 2021. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2022 with amounts in thousands. What is the Net Cash Flow in 2022? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows) 5) Suppose Nippon Technology has the following results related to cash flows for 2022 : Net Income of \$6,200,000 Increase in Accounts Payable of $300,000 Decrease in Accounts Receivable of $700,000 Increase in Inventory of $500,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow from Operating Activities? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 6) Suppose Lightspeed Industries has the following results related to cash flows for 2022: Net Income of $8,800,000 Increase in Accounts Payable of $900,000 Decrease in Accounts Receivable of $300,000 Depreciation of $1,700,000 Increase in Inventory of $400,000 Other Adjustments from Operating Activities of $800,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow from Operating Activities? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 7) Suppose Hopewell Corporation has the following results related to cash flows for 2022: Increase in Debt of $200,000 Dividends Paid of $700,000 Purchases of Property, Plant, \& Equipment of $7,800,000 Other Adjustments from Financing Activities of $300,000 Other Adjustments from Investing Activities of $800,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows for investing and financing activities with amounts in thousands. What is the Net Cash Flow from Investing and Financing Activities? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 8) Suppose Valley Technology has the following results related to cash flows for 2022: Net Income of $8,500,000 Decrease in Accounts Payable of $800,000 Increase in Accounts Receivable of $100,000 Decrease in Debt of $1,000,000 Depreciation Expenses of $1,800,000 Purchases of Property, Plant, \& Equipment of $5,700,000 Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows). 9) Suppose Dansko Integrated has the following results related to cash flows for 2022: Net Income of $9,500,000 Increase in Accounts Payable of $900,000 Decrease in Accounts Receivable of $400,000 Decrease in Debt of $200,000 Depreciation Expenses of $1,800,000 Dividends Paid of $800,000 Increase in Inventory of $800,000 Purchases of Property, Plant, \& Equipment of $6,700,000 Other Adjustments from Financing Activities of $600,000 Other Adjustments from Investing Activities of $300,000 Other Adjustments from Operating Activities of $400,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Waste Management And Environmental Auditing Of An Urban Road Project

Authors: Babagana Mohammed, Salim Mohammed Sani

1st Edition

3330344563, 978-3330344563

More Books

Students also viewed these Accounting questions

Question

7+10 = 2445 x on

Answered: 1 week ago