Question
Using the Blazer Corporation information and financial statements created in unit 2, create a cash flow statement for 2018. Then answer the following questions about
Using the Blazer Corporation information and financial statements created in unit 2, create a cash flow statement for 2018. Then answer the following questions about the statement and the corporation.1. What items provided used the most cash during 2018?
2. What decisions by management possibly led to the change in cash position during the year? Present the cumulative answer, not the cash result of each individual decision.
3. What would the 2018 ending cash have been if the following management decisions were made? Present the cumulative answer, not the cash result of each individual decision:
a.The company ran a series of sales that increased sales income by $2,000. The cost of goods sold was 35%of those new sales and was paid for in cash. The company collected 70% of the increased sales in cash.
Show the complete cash flow statement that is produced and the analysis of the management's decisions.
b.The company slowed down payment of its accounts payable, retaining $950 in cash.
c. The company cashed in $725 of its short-term investments
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started