What may have caused the net cash inflow

Assignment Help Accounting Basics
Reference no: EM13920561

On January 1, 2013, Palmetto, a fast-food company, had a balance in its Cash account of $32,000. During the 2013 accounting period, the company had (1) net cash inflow from operating activities of $15,600, (2) net cash outflow for investing activities of $23,000, and (3) net cash outflow from financing activities of $4,500.

Required: 

a. Prepare a statement of cash flows. 
b. Provide a reasonable explanation as to what may have caused the net cash inflow from operating activities. 
c. Provide a reasonable explanation as to what may have caused the net cash outflow from investing activities. 
d. Provide a reasonable explanation as to what may have caused the net cash outflow from financing activities.

Reference no: EM13920561

Questions Cloud

What is your company mission statement : What is your company Mission statement - What is the introduction to your business - Where will the company be located and why was this location selected?
Binomial experiments : Indicate the n and p for the Binomial setting and describe the steps taken to solve the problem.
How are these countries different according to hofstede : Compare facts about each of the three countries. How are these countries different according to Hofstede?
Discuss an analysis of the numerical data : Discuss an analysis of the numerical data. Discuss the strengths and/or weaknesses of the BFBS variance analyses. 8. Evaluate the data, discuss your recommendations?
What may have caused the net cash inflow : Provide a reasonable explanation as to what may have caused the net cash inflow from operating activities.
Calculate the ta ratio for each of the given product : Calculate the profit per day if daily output achieved is 6,000 units of X, 4,500 units of Y and 1,200 units of Z. Calculate the TA ratio for each product.
Primary audience for a business message : Which of the following is an example of nonverbal communication?
Resources to achieve organizational goals : Who is responsible for finding the best way to organize human and other resources to achieve organizational goals?
Calcucate the planned cost reduction for each cost category : Calcucate the planned cost reduction for each cost category, assuming proportional cost reduction across categories.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Should ace accept the outside suppliers offer

For this question, assume that if the chains are purchased outside, the facilities where the chains are currently made will be used to upgrade the bicycles by adding mud flaps and reflector bars

  How many hammers will have to be sold in june

How many hammers will have to be sold in June to maintain the same level of net income?

  Market prices are 1035 for bonds 19 for preferred stock and

market prices are 1035 for bonds 19 for preferred stock and 35 for common stock. there will be sufficient internal

  Money invested without withdrawing

Jenny Carson invested $12,000 at 8% annual interest and left the money invested without withdrawing any of the interest for 15 years. At the end of the 15 years, Jenny decided to withdraw the accumulated amount of money.

  The entitys purchasing agent is required to obtain approval

brown cpa is evaluating the risk of material misstatement rmm on an engagement. for each of the following identify the

  Estimated losses from uncollectible accounts

An aging analysis of the accounts receivable produces an estimate of $2000 of probable losses from uncollectible accounts. the adjusting entry needed to record the estimated losses from uncollectible accounts is made for?

  Dpreciation on a straight-line basis

Hercules Exercising Equipment Co. purchased a computerised measuring device two years ago for $60,000. The equipment has been depreciated on a straight-line basis over a six year useful life and can currently be sold for $23,800.

  Record the sale of receivable

Assume the conditions from part (a) are met. Prepare the Journal entry on August 15,20X0, for Gringo to record the sale of receivable, assuming the recourse obligation has a fair value of $2,000.

  Thesis of the speech focuses

1. The thesis of the speech focuses on the response that the speaker wants from his or her audience.

  Hurst incorporated sold its 8 bonds with a maturity value

hurst incorporated sold its 8 bonds with a maturity value of 3000000 on august 1 2009 for 2946000. at the time of the

  Lakerrsquos loot sales order processlakers loot sells

lakerrsquos loot sales order processlakers loot sells lakers merchandise to adoring lakers fans. customers place their

  Common stock balance sheet disclosure

Common stock balance sheet disclosure

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!

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