Question
You have collected the following cash flow data of Herman Miller Office Furniture for the year ended December 31, 2019 Sale of a used Bus
You have collected the following cash flow data of Herman Miller Office Furniture for the year ended December 31, 2019
| Sale of a used Bus | 45400 |
| Cash dividend | 90000 |
| Purchase of land | 28280 |
| Interest payment on debt | 28260 |
| Cash Payment on Salary | 90900 |
| Purchase of a New Drilling machine | 66960 |
| Purchase of New Wood working machine | 60000 |
| Repurchase of stock | 85000 |
| Cash payments to Vendor | 161600 |
| Cash collections from customers | 393900 |
| Cash at the beginning of the year | 400000 |
Please answer the following questions: a . What is the net cash provided by or used in operating activities?(sample answer: -$135,000 or $135,000) b . What is the net cash provided by or used in investing activities? (sample answer: -$135,000 or $135,000) c . What is the net cash provided by or used in financing activities? (sample answer: -$135,000 or $135,000) d . What is the cash at the end of the year? (sample answer: -$135,000 or $135,000)
PLEASE DO NOT USE CHAT GPT!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To answer these questions we need to categorize each cash flow item into operating investing or financing activities according to the statement of cas...
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Day Trading Strategies 2 Books In 1
Authors: Mark Broker
1st Edition
979-8693884243
