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jarptica [38.1K]
3 years ago
8

The following T-account is a summary of the cash account of Buffalo Industries. Cash (Summary Form) Balance, Jan. 1 21,600 Recei

pts from customers 982,800 Payments for goods 540,000 Dividends on stock investments 16,200 Payments for operating expenses 378,000 Proceeds from sale of equipment 97,200 Interest paid 27,000 Proceeds from issuance of Taxes paid 21,600 bonds payable 810,000 Dividends paid 108,000 Balance, Dec. 31 853,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows
Business
1 answer:
kupik [55]3 years ago
5 0

Answer:

$702,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

The amount of net cash provided (used) by financing activities should be reported in the statement of cash flows

= -$108,000 + $810,000

= $702,000

Other transactions are either operating or investing activities related.

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d. ethnographic research

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7 0
3 years ago
1. A creditor's claim to the property of an individual or business is called
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c. liabilities.

Explanation:

liabilities are the creditors claims to the assets of the business/property.

7 0
2 years ago
James has a marginal tax rate of 24%. He suddenly realizes that he neglected to include a $7,000 tax deduction. How will this ov
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7 0
3 years ago
A bond has a 7.5% annual coupon rate with 4 years to maturity and pays annual coupon. par value is $1000
AveGali [126]

Answer:

1.1 Inflow (Coupon payment ) = $1000 * 7.5% = $75

  Year     Inflows    Pvf at 5%     Present value

      1            75        0.952381     71.43

      2            75       0.907029    68.03

      3            75       0.863838     64.79

      4            75       0.822702     61.70

      4           1000    0.822702     822.70

   Total                                       1,088.65

Price of Bond, when yield to maturity is 5% = $1088.65

1.2   Year     Inflows    Pvf at 5.2%     Present value

           1            75          0.95057           71.29

          2            75          0.9035839        67.77

          3            75          0.85892             64.42

          4            75          0.816464            61.23  

          4          1000        0.816464            816.46

Total                                                           1,081.18

Price of Bond, when yield to maturity is 5.2% =$1081.18

1.3  Change in price of Bond = (Decrease in price of bond / price of bond ) * 100

= $7.47 / 1088.65 *100

= 0.69%

Change in price of Bond when yield increases by 0.2%( i.e Decrease in price of bond)

= $1088.65 - $ 1081.18

= $7.47

1.4   Year    Inflows    Pvf at 5%       P. value    Year*P. value

        1          75          0.9523809    71.43            71.43

        2         75          0.907029       68.03           136.05

        3         75          0.863838        64.79           194.36

        4         75          0.822702        61.70            246.81

        4        1000       0.822702       822.70         3,290.81

     Total                                           1,088.65        3,939.47

Modified duration = Bond duration / ( 1+YTM)

= 3.6187 / ( 1+0.05)

= 3.446

Bond Duration = Sum of (PV of inflows) / Sum of (Year*PV of inflows)

= $3,939.47 / $1088.65

= $3.6187

1.5 % Change in price of bond = (-1 * Modified duration * % change in YTM in term of basis point)

= ( -1 * 3.446 * 0.2)

= -0.69 %

6 0
3 years ago
Kuyu Company uses the periodic inventory system. Kuyu started the period with $12,000 in inventory. The Company purchased an add
a_sh-v [17]

Answer:

$29,500

Explanation:

Given that,

Beginning inventory = $12,000

Ending inventory = $6,000

Purchases = $25,000

Purchase return = $1,500

Kuyu’s cost of goods sold during the period:

= Beginning inventory + Net purchases - Ending inventory

= Beginning inventory + (Purchases - Purchase return) - Ending inventory

= $12,000 + ($25,000 - $1,500) - $6,000

= $12,000 + 23,500 - $6,000

= $29,500

5 0
3 years ago
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