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)
Step by Step Solution
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Step: 1
To determine the cash flow from different activities we will categorize each item into operating inv...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
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