Use the cash flow statement, which you can access here Document preview, to answer the following analysis questions. (50 points)

1.What accounting events trigger changes in the retained earnings account?

2.Explain the differences between the cash flows from operating, financing and investing activities. It is based on the statement of cash flows presented.

3.If a company increases its accounts payable compared to the previous year, what will be the effect on the cash account?

4.How do increases in fixed assets from one period to the next affect the cash account?

5. List at least three working capital accounts that represent sources of cash for the firm and the changes that the financial manager would have to make in those accounts to improve the cash account for the next closing period of the firm. .

6. What does "decrease in short-term notes" mean in Davis Corporation, LLC's financial statement and how does it affect the cash balance at the end of the period?

7. From Davis Corporation, LLC's statement of cash flows, discuss what may have caused the largest change in the company's cash flow position for 20x9 compared to the prior year. (10 points)