What is the net cash flow for fox

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Reference no: EM132784019

2020

Income
Stmt

BS Assets

12/31/20

12/31/19

BS Dabs
& SE

12/31/20

12/31/19

 

Sales:

$900,000

Cash:

$ 12,000

$ 24,000

Accts Payable:

$ 12,000

$ 80,000

CGS:

(350,000)

Accts Rec:

124,000

102,000

Taxes

Payable:

8,000

12,000

Pro fit:

$550,000

Gross AFS Sea :

70,000

36,000

Pa

Payable:

16,000

20,000

Op. Exp:

(240,000)

Inventory:

80,000

120,000

Wages Payable:

16,000

8,000

Gain - Equip :

5,000

Prepaid Rent:

10,000

8,000

Interest Payable:

 

2,000 -

Interest Rev:

3,000

Land:

250,000

180,000

Notes Payable:

120,000

138,000

Interest Exp:

(6,000)

Equipment:

180,000

260,000

Common Stock:

16,000

15,000

Pre-Tax NI:

$312,000

Accum Depr:

(70,000)

(50,000)

Additional PIC:

160,000

147,000

Income Tax:

(80,000)

Patents:

94,000

100,000

Retained

Earnings:

400,000

360,000

NI:

$232,000

Totals:

$750,000

$780,000

Totals:

$750,000

$780,000

Notes:

1) The only long-term asset sold in 2020 is Equipment with an $80,000 cost & 20% depreciated when sold.

2) All Depreciation & Amortization Expenses are included in Operating Expense

problem 1: what is the net cash flow for Fox's 2020 SCFs Investing activities?

option 1: ($173,000)

option 2: ($35,000)

option 3: ($29,000)

option 4: $33,000

option 5: $105,000

problem 2: what is the net cash flow for Fox's 2020 SCFs Investing activities?

option 1: ($173,000)

option 2: ($35,000)

option 3: ($29,000)

option 4: $33,000

option 5: $105,000

problem 3: what is the net cash flow for Fox's 2020 SCFs Operating activities?

option 1: $187,000

option 2: $253,000

option 3: $243,000

option 4: $237,000

option 5: $227,000

Reference no: EM132784019

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