The following table shows cash flow data for Rocket Transport.
Cash dividend $ 80,000
Purchase of bus $ 33,000
Interest paid on debt $ 25,000
Sales of old equipment $ 72,000
Repurchase of stock $ 55,000
Cash payments to suppliers $ 95,000
Cash collections from customers $ 300,000
a. Find the net cash provided by or used in investing activities.
Cash from investments $
b. Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)
Cash from financing $
c. Find the net increase or decrease in cash for the year.
Total cash flow $

Respuesta :

Answer and Explanation:

The operating activities is

Cash collections from customers $300,000

Less:

Cash payments to suppliers $95,000

Interest paid on debt  $25,000

Cash provided by operating activities $180,000

a. The net cash provided or used by investing activities

Sales of old equipment $72,000

Less:

Purchase of bus $33,000

Cash provided by investing activities $39,000

b. The net cash provided or used by financing activities is

Cash dividend $ 80,000

Repurchase of stock $ 55,000

Cash used by financing activities -$135,000

d. The net increase or decrease in cash is

= $180,000 + $39,000 - $35,000

= $84,000