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3 years ago

Nippon Technology

Business

1 answer:

poizon [28]3 years ago

8 0

Answer:

Nippon Technology

Value of Cash between January 1 and March 31, 2018:

= $1,737,000

Explanation:

a) Calculations:

Beginning Cash Balance $37,000

Net Income 2,400,000

Increase in other assets ($300,000)

Decrease in Liabilities ($200,000)

Dividends paid ($200,000)

Ending Cash balance $1,737,000

b) Nippon Technology's cash balance at the end of March 31, 2018 is the net effect of cash transactions that took place between January 1, 2018 and March 31, 2018. It shows what Nippon Technology received in the form of cash receipts from customers and what it spent in operational, investing, and financing activities during the period of 3 months.

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