Technic began operations on January 1, 1992. As of the end of 1996 Technic had a cash

Question:

Technic began operations on January 1, 1992. As of the end of 1996 Technic had a cash bal¬ ance of $10,000. Compute the missing amounts in the following table. Describe and evaluate the company’s cash management activities in each of the three years. 1996 1995 1994 Beginning cash balance $ ? $ 13,000 $ 9 Net cash flow from operating activities 23,000 16,000 24,000 Net cash flow from investing activities 9 • (7,000) (27,000) Net cash flow from financing activities 6,000 9 • 1,000 Ending cash balance $10,000 $ 11,000 $ ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: