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4a. Calculate Cash Collected from Customers (1 mark) 4a. Answer 4b. Calculate Cash Paid for Merchandise (1% marks) 4b. Answer 4c. Calculate net cash flow
4a. Calculate Cash Collected from Customers (1 mark) 4a. Answer 4b. Calculate Cash Paid for Merchandise (1% marks) 4b. Answer 4c. Calculate net cash flow from Investing Activities (1) marks) 4c. Answer State clearly whether this was a net inflow or outflow. The amount was a net 4d. Calculate cash paid for dividends (1 mark) 4d. Answer Q4. Use Anon Co's financial information given below, to answer questions 4a, b, c& d. Show plausible calculations to get credit. 2014 Anon Co. Balance Comparative Balance Sheets 2015 Assets Cash $123.450 Accounts receivable 77.100 Merchandise inventory 240,600 Prepaid expenses 15.100 Total current asset 456.250 Equipment 262.250 Accum. depreciation Equipment (110,750) Total assets $607.750 Liabilities and Equity Accounts payable $ 17,750 Short-term notes payable 15.000 Total current liabilities 32.750 Long-term notes payable 100.000 Total liabilities. 132.750 $ 61,550 30,750 250,700 17.000 410.000 200,000 195,000 $515.000 AnonCo. Income Statement for Year ending Dec 31 2015 Sales $1,185.000 Cost of goods sold 595,000 Gross profit 590,000 Operating expenses Depreciation expense $ 38,600 Other expenses 362,850 Total operating expenses. 401,450 188,550 Other gains (losses) Loss on sale of equipment. 12.100) Income before taxes. 186,450 Income taxes expense. 28,350 Net income. $ 158, 100 $102,000 10.000 112.000 77.500 189.500 (1) Sold old equipment costing $51,000 for a loss of $2,100. (i) Purchased new equipment costing $113,250, signing a note for $70,000 and paying the balance in cash. (iii) Paid cash dividends. 215.000 200,000 Equity Common stock, Spar Paid in capital in excess of par, common stock Retained earnings .. Total liabilities and equity 30,000 230,000 5607,750 125.500 $515,000 4a. Calculate Cash Collected from Customers (1 mark) 4a. Answer 4b. Calculate Cash Paid for Merchandise (1% marks)
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