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Svetllana [295]
3 years ago
12

Tiger Trade has the following cash transactions for the period.

Business
1 answer:
vovangra [49]3 years ago
4 0

Answer:

                                Tiger Trade

                        Cash Flow Statement

Cash flows from operating activities:

  • Cash received from sale of products to customers $35,000
  • Cash received for sale of services to customers $25,000
  • Cash paid to merchandise suppliers ($11,000)
  • Cash paid to workers ($23,000)
  • Cash paid for advertisement ($3,000)

<u>Total cash flow from operating activities $23,000</u>

Cash flows from investing activities:

  • Cash received from the bank for long-term loan $40,000
  • Cash paid to purchase factory equipment ($45,000)
  • Cash received from the sale of an unused warehouse $12,000

<u>Total cash flow from investing activities $7,000</u>

Cash flows from financing activities:

  • Cash paid for dividends to stockholders ($5,000)

<u>Total cash flow from financing activities ($5,000)</u>

Net cash increase                                                               $25,000

Cash balance at the beginning of the period                     $4,000

<u>Cash balance at the end of the period                            $29,000</u>

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