Which of the actions would increase comfy home

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Reference no: EM132705029

Problem 1: Assume Tenisa and Randolf want to take a $60,000 cash disbursement from Comfy Home's owners' equity before the end of 2017. They have plans to buy a home at the seaside. Randolf and Tenisa want to increase Comfy Home's 2017 cash flow from operating activities following the cash disbursement to Tenisa and Randolf for their home. Which of the following actions would increase Comfy Home's 2017 cash flow from operations?

Select all that apply.

Group of answer choices

Option 1: Increase Comfy Home accounts payables by delaying payments to creditors until 2018.

Option 2: Take out an additional $30,000 in bank loans.

Option 3: Make arrangements with the IRS to defer payment of the current taxes payable from 2017 to 2018.

Option 4: Sell a non-operating asset and realize a gain on the sale.

Option 5: Increase Comfy Home accounts receivable by giving clients additional time to pay their invoice.

Option 6: Decrease prepaids by delaying payment of next year's insurance premium.

Option 7: Increase gift card sales by adding a promotional 10 percent to the balance of each gift card sold.

Option 8: Sell property or buildings (long-term assets) at book value.

Reference no: EM132705029

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