What is the net income figure to use as a starting point for the statement of cash flows (hint look at 2018) The total adjustments to net income to determine cash flows from operating activities are(Hint be sure to add up changes in current assets and current liabilities as noted on the balance sheet going from year 2017 to year 2018) to get the answer Net cash flows from operating activities are (hint dont forget about net income) Cash flows from investing activities are Net Cash flows from investing activities are Cash flows from financing activities are (hint since this is a partnership common and preferred stocks and bond financing does not exist) Net increase decrease in cash flows is Moore's Family Restaurant Assets Liabilities as of 12 31 17 Assets Liabilities projected to 12 31 18 ASSETS ASSETS Cash $492,118 00 Cash $589,118 00 Accounts Receivable $29,000 00 Accounts Receivable $49,095 00 Inventories $30,000 00 Inventories $30,000 00 Prepaid Expenses $2,000 00 Prepaid Expenses $11,000 00 Total Current Assets $553,118 00 Total Current Assets $679,213 00 Building $727,460 97 Building $760,000 00 Equipment $14,500 00 Equipment $18,000 00 Fixtures $33,320 00 Fixtures $35,500 00 Total Fixed Assets $775,280 97 Total Fixed Assets $813,500 00 Total Assets $1,328,398 97 Total Assets $1,492,713 00 LIABILITIES LIABILITIES Accounts Payable $57,432 00 Accounts Payable $137,566 00 Wages and Benefits Due $16,516 59 Wages and Benefits Due $29,543 00 Estimated Taxes and Fees $6,013 00 Estimated Taxes and Fees $8,013 00 Total Current Liabilities $79,961 59 Total Current Liabilities $175,122 00 Long Term Loan $70,000 00 Long Term Loan $70,000 00 Total Long Term Liabilities $70,000 00 Total Long Term Liabilities $70,000 00 Owner Equity $1,178,437 38 Owner Equity $1,247,591 00 Total Liabilities and Owner Equity $1,328,398 97 Total Liabilities and Owner Equity $1,492,713 00 Moores Familay Restaurant Financial Data 2017 2018 (Present Day) 2019 Budget Forecast Budget Worksgheet Sales $1,642,896 $1,766,296 $2,002,978 Cost of Product $697,211 $597,211 701,042 Labor $330,772 $340,695 349,212 Benefits $79,872 $114,519 122,224 Utilities $54,340 $50,644 $58,241 Loan Principle Repayments $0 $0 $0 Insurance Property Taxes $110,000 $110,000 $110,000 Services (accounting, trash, cleaning, etc ) $41,051 $43,908 $105,494 Other SG A, advertising, promostions $77,629 $84,771 $93,248 Total Costs $1,390,875 $1,341,748 $1,539,462 Earnings Before Interest, Income Taxes, Depreciation (EBITD) $252,021 $424,548 $463,516 Interest on loan $3,500 $3,000 $3,000 Income Taxes $70,566 $118,873 $129,784 Depreciation on values $71,176 $61,777 $61,177 Earnings After Interest, Income Taxes, Depreciation $106,779 $240,897 $269,555 Meals Sold 243,392 252,328 272,514 Average Meal Value 6 75 7 00 7 35

Question

What is the net income figure to use as a starting point for the statement of cash flows (hint  look at 2018)  The total adjustments to net income to determine cash flows from operating activities are(Hint  be sure to add up changes in current assets and current liabilities as noted on the balance sheet going from year 2017 to year 2018) to get the answer  Net cash flows from operating activities are    (hint  dont forget about net income)  Cash flows from investing activities are      Net Cash flows from investing activities are     Cash flows from financing activities are   (hint  since this is a partnership common and preferred stocks and bond financing does not exist)  Net increase decrease in cash flows is     Moore's Family Restaurant Assets   Liabilities as of 12 31 17 Assets   Liabilities projected to 12 31 18 ASSETS ASSETS Cash $492,118 00 Cash $589,118 00 Accounts Receivable $29,000 00 Accounts Receivable $49,095 00 Inventories $30,000 00 Inventories $30,000 00 Prepaid Expenses $2,000 00 Prepaid Expenses $11,000 00 Total Current Assets $553,118 00 Total Current Assets $679,213 00 Building $727,460 97 Building $760,000 00 Equipment $14,500 00 Equipment $18,000 00 Fixtures $33,320 00 Fixtures $35,500 00 Total Fixed Assets $775,280 97 Total Fixed Assets $813,500 00 Total Assets $1,328,398 97 Total Assets $1,492,713 00 LIABILITIES LIABILITIES Accounts Payable $57,432 00 Accounts Payable $137,566 00 Wages and Benefits Due $16,516 59 Wages and Benefits Due $29,543 00 Estimated Taxes and Fees $6,013 00 Estimated Taxes and Fees $8,013 00 Total Current Liabilities $79,961 59 Total Current Liabilities $175,122 00 Long Term Loan $70,000 00 Long Term Loan $70,000 00 Total Long Term Liabilities $70,000 00 Total Long Term Liabilities $70,000 00 Owner Equity $1,178,437 38 Owner Equity $1,247,591 00 Total Liabilities and Owner Equity $1,328,398 97 Total Liabilities and Owner Equity $1,492,713 00 Moores Familay Restaurant Financial Data 2017 2018 (Present Day) 2019 Budget Forecast Budget Worksgheet Sales $1,642,896 $1,766,296 $2,002,978 Cost of Product $697,211 $597,211 701,042 Labor $330,772 $340,695 349,212 Benefits $79,872 $114,519 122,224 Utilities $54,340 $50,644 $58,241 Loan Principle Repayments $0 $0 $0 Insurance   Property Taxes $110,000 $110,000 $110,000 Services (accounting, trash, cleaning, etc ) $41,051 $43,908 $105,494 Other  SG A, advertising, promostions $77,629 $84,771 $93,248 Total Costs $1,390,875 $1,341,748 $1,539,462 Earnings Before Interest, Income Taxes,   Depreciation (EBITD) $252,021 $424,548 $463,516 Interest on loan $3,500 $3,000 $3,000 Income Taxes $70,566 $118,873 $129,784 Depreciation on values $71,176 $61,777 $61,177 Earnings After Interest, Income Taxes,   Depreciation $106,779 $240,897 $269,555 Meals Sold 243,392 252,328 272,514 Average Meal Value 6 75 7 00 7 35

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Moore's Family Restaurant
Assets & Liabilities as of 12/31/17			Assets & Liabilities projected to 12/31/18

	ASSETS		ASSETS
	Cash	$492,118.00	Cash	$589,118.00
	Accounts Receivable	$29,000.00	Accounts Receivable	$49,095.00
	Inventories	$30,000.00	Inventories	$30,000.00
	Prepaid Expenses	$2,000.00	Prepaid Expenses	$11,000.00
	Total Current Assets	$553,118.00	Total Current Assets	$679,213.00

	Building	$727,460.97	Building	$760,000.00
	Equipment	$14,500.00	Equipment	$18,000.00
	Fixtures	$33,320.00	Fixtures	$35,500.00

	Total Fixed Assets	$775,280.97	Total Fixed Assets	$813,500.00

	Total Assets	$1,328,398.97	Total Assets	$1,492,713.00

	LIABILITIES		LIABILITIES
	Accounts Payable	$57,432.00	Accounts Payable	$137,566.00
	Wages and Benefits Due	$16,516.59	Wages and Benefits Due	$29,543.00
	Estimated Taxes and Fees	$6,013.00	Estimated Taxes and Fees	$8,013.00
	Total Current Liabilities	$79,961.59	Total Current Liabilities	$175,122.00

	Long Term Loan	$70,000.00	Long Term Loan	$70,000.00
	Total Long-Term Liabilities	$70,000.00	Total Long-Term Liabilities	$70,000.00


	Owner Equity	$1,178,437.38	Owner Equity	$1,247,591.00

	Total Liabilities and Owner Equity	$1,328,398.97	Total Liabilities and Owner Equity	$1,492,713.00

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What is the net income figure to use as a starting point for the statement of cash flows (hint: look at 2018)? The total adjustments

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Moores Familay Restaurant Financial Data	2017	2018 (Present Day)	2019 Budget Forecast
Budget Worksgheet
Sales	$1,642,896	$1,766,296	$2,002,978
Cost of Product	$697,211	$597,211	701,042
Labor	$330,772	$340,695	349,212
Benefits	$79,872	$114,519	122,224
Utilities	$54,340	$50,644	$58,241
Loan Principle Repayments	$0	$0	$0
Insurance & Property Taxes	$110,000	$110,000	$110,000
Services (accounting, trash, cleaning, etc.)	$41,051	$43,908	$105,494
Other: SG&A, advertising, promostions	$77,629	$84,771	$93,248
Total Costs	$1,390,875	$1,341,748	$1,539,462
Earnings Before Interest, Income Taxes, & Depreciation (EBITD)	$252,021	$424,548	$463,516
Interest on loan	$3,500	$3,000	$3,000
Income Taxes	$70,566	$118,873	$129,784
Depreciation on values	$71,176	$61,777	$61,177
Earnings After Interest, Income Taxes, & Depreciation	$106,779	$240,897	$269,555
Meals Sold	243,392	252,328	272,514
Average Meal Value	6.75	7.00	7.35