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3 years ago

Tiger Trade has the following cash transactions for the period.

Business

1 answer:

Valentin [98]3 years ago

8 0

Answer:

1. Ending balance of cash is $31400

Explanation:

1.

Balance of cash at the beginning of the period is $4,300

+Cash received from sale of products to customers $ 36,500

+Cash received from the bank for long-term loan 41,500

-Cash paid to purchase factory equipment (46,500 )

-Cash paid to merchandise suppliers (11,300 )

+Cash received from the sale of an unused warehouse 12,300

-Cash paid to workers (23,300 )

-Cash paid for advertisement (3,300 )

+Cash received for sale of services to customers 26,500

-Cash paid for dividends to stockholders (5,300 )

Balance of cash at the beginning of the period is $31,400

2.

Cash Flow Statement

Cash flow from Operating Activities

Cash received from sale of products to customers $ 36,500

Cash received for sale of services to customers 26,500

Cash paid to merchandise suppliers (11,300 )

Cash paid to workers (23,300 )

Cash paid for advertisement (3,300 )

Total Cash Inflow / outflow from Operating Activity 25,100

Cash flow from Investing Activities

Cash paid to purchase factory equipment (46,500 )

Cash received from the sale of an unused warehouse 12,300

Cash paid for dividends to stockholders (5,300 )

Total Cash Inflow / outflow from Investing Activity (39,500 )

Cash flow from Financing Activities

Cash received from the bank for long-term loan 41,500

Total Cash Inflow / outflow from Financing Activity 41,500

Net cash Inflow / Outflow 27,100

Balance of cash at the beginning of the period is 4,300

Balance of cash at the beginning of the period is 31,400

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