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Exercises #5-8: ABC Electronics, Inc. is a retail store that sells cameras. Specify the impact in dollars on income and cash flow. Make sure
Exercises #5-8: ABC Electronics, Inc. is a retail store that sells cameras. Specify the impact in dollars on income and cash flow. Make sure you sign correctly. 5. We buy camera covers for $4,000 trade credit. 6. We buy a fork lift for $4,000. 7. We take out a 5-year loan of $2000. 8. Depreciation expense for the year is $1500. Income CF [10] [11]...... ...[12] [13]...... ...[14]......[15]...... ...[16]... Exercises #9-10: Consider the Income Statement of ABC Electronics in Exercise #1 plus the following information. Accounts Receivable decreased by 500; Accounts Payable increased by 400; Net Fixed Assets decreased by 500; Long-Term Debt decreased by 400. 9. Cash flow from operations was $........[17].......... 10. Free Cash Flow to the Firm was $ [18].
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