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Cedar Fair, L . P . ( Limited Partnership ) , is one of the largest regional amusement park operators in the world, owning 1
Cedar Fair, LPLimited Partnership is one of the largest regional amusement park operators in the world, owning amusement parks, two water parks, and four hotels. The parks include Cedar Point in Ohio; Valleyfair near MinneapolisSaint Paul; Dorney Park and Wildwater Kingdom near Allentown, Pennsylvania; Worlds of Fun in Kansas City; Great America in Santa Clara, California; Canadas Wonderland near Toronto, Canada, Schlitterbahn Waterpark & Resort New Braunfels in New Braunfels, Texas; and Schlitterbahn Waterpark Galveston in Galveston, Texas, among several others. The following are summarized transactions similar to those that occurred in a recent year. Dollars are in thousands.
Guests at the parks paid $ cash in admissions.
The primary operating expenses for the year were employee wages of $ with $ paid in cash and the rest to be paid to employees in the following year.
Cedar Fair paid $ principal on longterm notes payable.
The parks sells merchandise in park stores. The cash received during the year for sales was $
The cost of the merchandise inventory sold during the year was $
Cedar Fair purchased and built additional rides and other equipment during the year, paying $ in cash.
Guests may stay in the parks at accommodations owned by the company. During the year, accommodations revenue was $; $ was paid by the guests in cash and the rest was owed on account.
Interest incurred and paid on longterm debt was $
The company purchased $ in inventory for the park stores during the year, paying $ in cash and owing the rest on account.
Advertising costs for the parks were $ for the year; $ was paid in cash and the rest was owed on account.
Cedar Fair paid $ on accounts payable during the year.
Required:
For each transaction, indicate how it will affect the statement of cash flows by selecting "Operating" or "Investing" or "Financing" as appropriate for each transaction. If there is no effect on the statement of cash flows, select No effect". The first transaction is provided as an example.
Note: Enter your answers in thousands, not in dollars. Cash outflows should be indicated with a minus sign.
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