User Account

All Pages

What cash management action most likely occurred during year

Assignment Help Financial Accounting
Reference no: EM132721630

Problem 1: What is the primary purpose of the statement of cash flow?

Select one:

a. To provide information about the cash flow from operations for a period

b. To provide information about firm profitability

c. To provide pro forma information that helps users predict future cash flows

d. To provide information about where a company's cash comes from and where it goes

Problem 2: Partial financial results are presented below for McDonald's Restaurant:

Operating profit $435,000

Cash flow from: Operations 115,000

Investing 125,600

Financing (54,000)

What cash management actions most likely occurred during the year?

Select one:

a. Hamburger Restaurant used cash from operations and from selling long-term assets to pay dividends.

b. Hamburger Restaurant used cash from bank loans or from selling stock and from operations to buy long-term assets.

c. Hamburger Restaurant used cash from bank loans or from selling stock to fund operations and to buy long-term assets.

d. Hamburger Restaurant used cash from operations to buy long-term assets and to repay debt.

Reference no: EM132721630

Questions Cloud

Explain what could go wrong with these transactions : Explain what could go wrong with these transactions if the system of internal control is not effective for each transaction class assertion
Find how much is the company ebitda : Find How much is the company's EBITDA? Other operating expenses 980,000. Restructuring charges 320,000. Restructuring charges 320,000
What is gain or loss on the derecognition of note payable : On January 1 20x1 an entity has oustanding note payable with carrying amount of P 1,000,000. What is gain or loss on the derecognition of note payable
How much is the net cash from investing activities : Funds borrowed from the bank 200,000. Proceeds from sale of building450,000. How much is the net cash from (for) investing activities?
What cash management action most likely occurred during year : Find What is the primary purpose of the statement of cash flow? What cash management actions most likely occurred during the year?
Find and determine what is the cost of goods manufactured : Combined equal 50% of the total cost of manufacturing. All materials are purchased FOB shipping point. What is the cost of goods manufactured?
Calculate the forest factor for rest ratios listed : Find and calculate the forest factor for rest ratios listed above for Adrian express in 2021 using 365 days in a year,Which are the average collection.
Determine which company is more efficient from income : XYZ has revenues of $150 million and expenses of $110 million. Can you determine which company is more efficient from these income statements?
Make the equity section of digital balance sheet initially : Make the equity section of Digital's balance sheet initially and at the end of its first and second years in business. An answer of $1.2 million

Reviews

Write a Review

Financial Accounting Questions & Answers

  Unfunded pension liability

Imprudential, Inc., has an unfunded pension liability of $550 million that must be paid in 16 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 9.5..

  Compare that cost with potential revenues

Calculate the total cost of a project or Job and compare that cost with potential revenues. One of the company’s best clients has offered WCB $11,000 to perform a power systems harmonics analysis for the client’s primary plant. While your client real..

  Removal of legislation pertaining to insider trading

How would advocates of a ‘free market' approach justify the removal of legislation pertaining to insider trading?

  Illustrate what effect on income should be reported

Goofy reclassified this investment as trading securities in December of 2006 when the market value had risen to $162,000. Illustrate what effect on 2006 income should be reported by Goofy for the Crazy Co. shares?

  Calculate the accumulated depreciation amount in year

Calculate the accumulated depreciation amount in year 2? Kamunu Wholesalers with the 31 December financial year end, purchased a machine

  Calculations for statement of cash flows

Calculations for statement of cash flows.?During 2015 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $72,000. Accumulated depreciation for equipment was $325,000 at 12/31/14 and $310,000 at 12/31/15.?

  Determine the amounts and ratios

Determine the 2021 amounts and ratios. The current asset section of Guardian Consultant's balance sheet consists of cash, accounts

  Shares of common stock were outstanding

A company reported net income of 5.6 million. At the beginning of the year, 3.4 million shares of common stock were outstanding and at the end of the year, 3.6 million shares were outstanding. No dividends were declared.

  Determine the after-tax cost of debt for triplin corporation

Flotation costs for a new issue would be approximately 5.0% of the market price. Triplin Corporation's marginal tax rate is 35%. Determine the after-tax cost

  What will be general ledger entries be for the outstanding

Summerhill Traders, What will be the general ledger entries be for the outstanding debt of Miss T Luna which must be written off as irrecoverable?

  Prepare the general journal entries

Alpha Co, prepares quarterly adjusting entries & has a fiscal year end of December 31. The following events occurred in FY 2017:

  Identify the building owns by zirra berhad

Identify whether the building owns by Zirra Berhad above is an item of investment property in accordance with MFRS 140 Investment Property.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd