Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nine questions and answers must be correct or replacement questions will be given. These are statement of cashflows questions. 1.Suppose Hopewell Corporation had the following

Nine questions and answers must be correct or replacement questions will be given. These are statement of cashflows questions.

1.Suppose Hopewell Corporation had the following cash flow results for 2016:

Net Cash Flow from Operating Activities of $8,300,000

Net Cash Flow from Investing Activities of -$1,800,000

Net Cash Flow from Financing Activities of -$900,000

Have a statement of cash flows with amounts in thousands.

What is the Net Cash Flow?

Please specify your answer in the same units as the statement of cash flows.

2. Suppose Gulf Shipping Company had the following results related to cash flows for 2016:

Net Income of $5,300,000

Adjustments from Operating Activities of -$500,000

Net Cash Flow from Investing Activities of -$700,000

Net Cash Flow from Financing Activities of $3,200,000

Have a statement of cash flows with amounts in thousands.

What is the Net Cash Flow?

Please specify your answer in the same units as the statement of cash flows.

3.Siam Traders had Net Income for 2016 of $9,500,000.

The firm invested $1,000,000 in manufacturing equipment during 2016.

The equipment is being depreciated over five years using straight-line depreciation, starting in 2016.

Assuming no other adjustments to cash flow than those mentioned here, have a statement of cash flows for 2016 with amounts in thousands.

What is the Net Cash Flow in 2016?

Please specify your answer in the same units as the statement of cash flows.

4.Stuart Company had Net Income for 2016 of $8,100,000.

The firm invested $1,000,000 in manufacturing equipment during 2015 but made no additional capital investments in 2016.

The equipment is being depreciated over five years using straight-line depreciation, starting in 2015.

Assuming no other adjustments to cash flow than those mentioned here, have a statement of cash flows for 2016 with amounts in thousands.

What is the Net Cash Flow in 2016?

Please specify your answer in the same units as the statement of cash flows.

5. Suppose Gulf Shipping Company has the following results related to cash flows for 2016:

Net Income of $7,800,000

Decrease in Accounts Payable of $300,000

Increase in Accounts Receivable of $800,000

Increase in Inventory of $900,000

Assuming no other cash flow adjustments than those listed above, have a statement of cash flows with amounts in thousands.

What is the Net Cash Flow from Operating Activities?

Please specify your answer in the same units as the statement of cash flows.

6.Suppose Valley Technology has the following results related to cash flows for 2016:

Net Income of $7,100,000

Decrease in Accounts Payable of $200,000

Decrease in Accounts Receivable of $600,000

Depreciation of $1,200,000

Increase in Inventory of $500,000

Other Adjustments from Operating Activities of $500,000

Assuming no other cash flow adjustments than those listed above, have a statement of cash flows with amounts in thousands.

What is the Net Cash Flow from Operating Activities?

Please specify your answer in the same units as the statement of cash flows.

7. Suppose Torche Corporation has the following results related to cash flows for 2016:

Increase in Debt of $100,000

Dividends of $300,000

Purchases of Property, Plant, & Equipment of $5,400,000

Other Adjustments from Financing Activities of -$700,000

Other Adjustments from Investing Activities of $600,000

Assuming no other cash flow adjustments than those listed above, have a statement of cash flows for investing and financing activities with amounts in thousands.

What is the Net Cash Flow from Investing and Financing Activities?

Please specify your answer in the same units as the statement of cash flows.

8.Suppose Lightspeed Industries has the following results related to cash flows for 2016:

Net Income of $9,200,000

Increase in Accounts Payable of $700,000

Increase in Accounts Receivable of $500,000

Decrease in Debt of $400,000

Depreciation Expenses of $1,800,000

Purchases of Property, Plant, & Equipment of $9,400,000

Assuming no other cash flow adjustments than those listed above, have a statement of cash flows with amounts in thousands.

What is the Net Cash Flow?

Please specify your answer in the same units as the statement of cash flows.

9. Suppose Torche Corporation has the following results related to cash flows for 2016:

Net Income of $8,500,000

Decrease in Accounts Payable of $400,000

Increase in Accounts Receivable of $800,000

Increase in Debt of $100,000

Depreciation Expenses of $2,000,000

Dividends of $300,000

Increase in Inventory of $300,000

Purchases of Property, Plant, & Equipment of $5,400,000

Other Adjustments from Financing Activities of -$700,000

Other Adjustments from Investing Activities of $600,000

Other Adjustments from Operating Activities of $500,000

have a statement of cash flows with amounts in thousands.

What is the Net Cash Flow?

Please specify your answer in the same units as the statement of cash flows.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business And Professional Ethics

Authors: Leonard J Brooks, Paul Dunn

8th Edition

1337514462, 9781337514460

More Books

Students also viewed these Accounting questions

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago