5 CH 16 - Please respond to the following question(s) with a thoughtful response. Be sure to support your answer with reason and logic based upon this week's readings, but keep in mind that top scores should include insight/creativity beyond the book. If you use resources beyond our textbook, sources must be cited. For additional information on the grading criteria, please review the "Getting Started" document. Your final assignment must be submitted as a Word doe or pdf file. FOR QUESTION # 1: LOOK AT THE FILE IN THE CH.16 CANVAS MODULE CALLED APPLE 2021 STATEMENT OF CASH FLOWSDownload APPLE 2021 STATEMENT OF CASH FLOWS and then answer the following questions about it: year a. Did Apple have a positive or negative cash flow generated from Operating Activities for the 2021? What is the dollar amount? Is this a good thing or bad thing? Explain, perhaps comparing it to the previous years. (3pts) Answer: Apple has a positive cash flow from operating activities and the dollar amount for it is 104,038 million. This is a good thing if apple is making this much money they are always able to pay staff for one and also keep their factories in great shape which also makes for happy customers. In 2021 Apple's cash generated by operating activities grew by 22.4% from 2020. b. How much did Apple pay in dividends in 2021? (notice this is in millions) (2pts) Answer: Apple paid 14,467 million in dividends in 2021. and also keep their factories in great shape which also makes for happy customers. In 2021 Apple's cash generated by operating activities grew by 22.4% from 2020. b. How much did Apple pay in dividends in 2021? (notice this is in millions) (2pts) Answer: Apple paid 14,467 million in dividends in 2021. c. What were the names and dollar amounts of Apple's TWO largest cash outflows for the year 2021? Both of these were discussed in previous chapters but with slightly different wording. Explain what they were called in previous chapters. (2pts) For each of the following transactions, state two things: (1) which section of the Statement of Cash Flows (SCF) would this transaction be reported in; and (2) would it be ADDED or SUBTRACTED? (2pts each) Example: Increase in Accounts Receivable Answer: Operating, Subtracted a. Decrease in Accounts Payable b. Issuing Common Stock c. Loss on Sale of Building d. Cash Proceeds from Sale of Equipment Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended September 25, 2021 September 26, 2020 September 28, 2019 Cash, cash equivalents and restricted cash, beginning balances $ 39,789 $ 50,224 $ 25,913 Operating activities: Net income 94,680 57,411 55,256 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 11,284 11,056 12,547 Share-based compensation expense 7,906 6,829 6,068 Deferred income tax benefit (4,774) (215) (340) Other (147) (97) (652) Changes in operating assets and liabilities: Accounts receivable, net (10,125) 6,917 245 Inventories (2,642) (127) (289) Vendor non-trade receivables (3,903) 1,553 2,931 Other current and non-current assets (8,042) (9,588) 873 Accounts payable 12,326 (4,062) (1,923) Deferred revenue 1,676 2,081 (625) Other current and non-current liabilities 5,799 8,916 (4,700) Cash generated by operating activities 104,038 80,674 69,391 Investing activities: Purchases of marketable securities (109,558) (114,938) (39,630) Proceeds from maturities of marketable securities 59,023 69,918 40,102 Proceeds from sales of marketable securities 47,460 50,473 56,988 Payments for acquisition of property, plant and equipment (11,085) (7,309) (10,495) Payments made in connection with business acquisitions, net (33) (1,524) (624) Purchases of non-marketable securities (131) (210) (1,001) Proceeds from non-marketable securities. 387 92 1,634 Other (608) (791) (1,078) Other Cash generated by/(used in) investing activities 387 92 1,634 (608) (14,545) (791) (4,289) (1,078) 45,896 Financing activities: Proceeds from issuance of common stock 1,105 880 781 Payments for taxes related to net share settlement of equity awards (6,556) (3,634) (2,817) Payments for dividends and dividend equivalents (14,467) (14,081) (14,119) Repurchases of common stock (85,971) (72,358) (66,897) Proceeds from issuance of term debt, net 20,393 16,091 6,963 Repayments of term debt (8,750) (12,629) (8,805) Proceeds from/(Repayments of) commercial paper, net 1,022 (963) (5,977) Other (129) (126) (105) Cash used in financing activities (93,353) (86,820) (90,976) Increase/(Decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances (3,860) (10,435) 24,311 $ 35,929 $ 39,789 $ 50,224 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 25,385 $ 9,501 $ 15,263 Cash paid for interest $ 2,687 $ 3,002 $ 3,423 See accompanying Notes to Consolidated Financial Statements