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attashe74 [19]
2 years ago
6

In 2013, Salvage Yard Inc. had cash flows from investing activities of ($250,000) and cash flows from financing activities of ($

150,000). The balance in the firm's cash account was $90,000 at the beginning of 2013 and $105,000 at the end of the year. What was Salvage Yard Inc.'s cash flow from operations for 2013?
Business
2 answers:
PIT_PIT [208]2 years ago
7 0

Answer:

$415,000

Explanation:

Following is the formula for cash flow:

<em>Ending Cash Balance = CFO + CFI + CFF + Beginning Cash Balance</em>

<em>CFO = Cash flow from operating activities</em>

<em>CFI = Cash flow from investing activities</em>

<em>CFF = Cash flow from financing activities</em>

We can easily rearrange the formula to find CFO

<em>Ending Cash Balance - CFI - CFF - Beginning Cash Balance = CFO </em>

<em>or </em>

<em>CFO = Ending Cash Balance - CFI - CFF - Beginning Cash Balance</em>

<u>Solution</u>

CFO=105000-(-250000)-(-150000)-90000

<em>CFO = $415,000</em>

Kobotan [32]2 years ago
5 0

Answer:

Cash flows from operation activities : $505.000

Explanation:

The equation says:

Cash flows from operation activities + cash flows from investing activities + cash flows from financing activities = Cash account

Let's replace in the equation:

Cash flows from operation activities – 250.000 – 150.000 = 105.000

Cash flows from operation activities = 105.000 + 250.000 + 150.000

Cash flows from operation activities = 505.000

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