Assume that the XY firm will make purchases of 7 2 per month during July and June Wages and salaries are estimated at 9 9 per month The firm must make a principal and interest payment on an outstanding loan in June of $100 000 The firm plans a purchase of a fixed asset costing 9 3 in July The second quarter tax payment of $20,000 is ako due in June What is the total Cash disbursements for this company in June Answer From the following information of All company financial data a) Net income before taxes was $189 500 for the period The Tax rate is 30 b) Purchased 20677 shares of common stock at 14 per share for the treasury c) Sold equipment with a carrying value of $32 500 at a gain of $6 000 d) Purchased land and a building worth $450 000 by signing a ten year note payable e) Issued 108654 bond at $1000 par value al Wrote a check for $648 000 for the purchase of machinery h) Sold long term investments in marketable securities with a $50 000 carrying value, at a loss of $17 500 Cash dividends were declared and paid during the period in dollar 57041 Required Prepare the net cash flows from financing activities section of the Statement of Cash Flows Answer Assume that the XY firm will make purchases of 7 2 per month during July and June Wages and salaries are estimated at 9 9 per month The firm must make a principal and interest payment on an outstanding loan in June of $100 000 The firm plans a purchase of a fixed asset costing 9 3 in July The second quarter tax payment of $20,000 is ako due in June What is the total Cash disbursements for this company in June Answer From the following information of All company financial data a) Net income before taxes was $189 500 for the period The Tax rate is 30 b) Purchased 20677 shares of common stock at 14 per share for the treasury c) Sold equipment with a carrying value of $32 500 at a gain of $6 000 d) Purchased land and a building worth $450 000 by signing a ten year note payable e) Issued 108654 bond at $1000 par value al Wrote a check for $648 000 for the purchase of machinery h) Sold long term investments in marketable securities with a $50 000 carrying value, at a loss of $17 500 Cash dividends were declared and paid during the period in dollar 57041 Required Prepare the net cash flows from financing activities section of the Statement of Cash Flows

Question

Assume that the XY firm will make purchases of 7 2 per month during July and June  Wages and salaries are estimated at 9 9 per month  The firm must make a principal and interest payment on an outstanding loan in June of $100 000  The firm plans a purchase of a fixed asset costing 9 3 in July  The second quarter tax payment of $20,000 is ako due in June  What is the total Cash disbursements for this company in June  Answer  From the following information of All company financial data  a) Net income before taxes was $189 500 for the period  The Tax rate is 30  b) Purchased 20677 shares of common stock at 14 per share for the treasury  c) Sold equipment with a carrying value of $32 500 at a gain of $6 000  d) Purchased land and a building worth $450 000 by signing a ten year note payable  e) Issued 108654 bond at $1000 par value  al Wrote a check for $648 000 for the purchase of machinery h) Sold long term investments in marketable securities with a $50 000 carrying value, at a loss of $17 500  Cash dividends were declared and paid during the period in dollar 57041  Required  Prepare the net cash flows from financing activities section of the Statement of Cash Flows  Answer Assume that the XY firm will make purchases of 7 2 per month during July and June  Wages and salaries are estimated at 9 9 per month  The firm must make a principal and interest payment on an outstanding loan in June of $100 000  The firm plans a purchase of a fixed asset costing 9 3 in July  The second quarter tax payment of $20,000 is ako due in June  What is the total Cash disbursements for this company in June  Answer  From the following information of All company financial data  a) Net income before taxes was $189 500 for the period  The Tax rate is 30  b) Purchased 20677 shares of common stock at 14 per share for the treasury  c) Sold equipment with a carrying value of $32 500 at a gain of $6 000  d) Purchased land and a building worth $450 000 by signing a ten year note payable  e) Issued 108654 bond at $1000 par value  al Wrote a check for $648 000 for the purchase of machinery h) Sold long term investments in marketable securities with a $50 000 carrying value, at a loss of $17 500  Cash dividends were declared and paid during the period in dollar 57041  Required  Prepare the net cash flows from financing activities section of the Statement of Cash Flows

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Assume that the XY firm will make purchases of 7.2 per month during July and June. Wages and salaries are estimated at 9.9 per month.

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