Reference no: EM132738949
Questions -
Q1. Please use the following information regarding Anup Jewelry Company's cash transactions during 2018 (all figures in millions) to answer questions
Cash from customers $2250
Sale of Investments $240
Payment of salaries to employees $126
Issue of common stock $300
Proceeds from issue of notes payable $900
Sale of patents $45
Interest paid $24
Payments to suppliers $450
a- What is the cash flows from operating activities for 2018? Please exclude "tiny_mce_markerquot; from your answer, report in millions, and present negative values in parentheses.
b- What is the cash flows from investing activities for 2018? Please exclude "tiny_mce_markerquot; from your answer, report in millions, and present negative values in parentheses.
c- What is the cash flows from financing for 2018? Please exclude "tiny_mce_markerquot; from your answer, report in millions, and present negative values in parentheses.
Q2- Beta Chemical Co. reported the following information for the year ended December 31, 2018.
Accounts payable decreased during the year by $4,000;
Inventory increased during the year by $2,000;
Beta Chemical Co. has no accounts receivable, as all sales are cash sales;
Net income for the year was $2,500;
On December 30, 2018, Beta Chemical Co. sold a piece of equipment for $3,000 that originally cost $6,000. The accumulated depreciation on this piece of equipment at the time of sale was $4,000.
The total Accumulated Depreciation on Beta Chemical Co.'s equipment decreased from $10,000 at December 31, 2017 to $8,000 at December 31, 2018.
What are Beta Chemical's cash flows from operating activities for 2018? Please exclude "tiny_mce_markerquot; from your answer, and present negative values in parentheses.
Q3. Hank's construction company reported the following:
12/31/17 12/31/18
PPE (Gross) 2,000,000 1,800,000
Accumulated Depreciation (400,000) (500,000)
PPE (Net) 1,600,000 1,300,000
Fiscal year Ending
12/31/18
Net Income 22,000,000
Gain on sale of PPE 50,000
Depreciation Expense 240,000
No PPE was purchased during 2018. Determine Hank's 2018 total net cash flow from investing activities.
Please exclude "tiny_mce_markerquot; from your answer, and present negative values in parentheses.