Ask Question
5 July, 17:32

The following cash flow data for Rocket Transport:

Cash dividend $ 98,000

Purchase of bus $ 69,000

Interest paid on debt $ 43,000

Sales of old equipment $ 90,000

Repurchase of stock $ 91,000

Cash payments to suppliers $ 113,000

Cash collections from customers $ 480,000

a. Find the net cash provided by or used in investing activities.

Cash from investments $

b.

Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)

Cash from financing $

c. Find the net increase or decrease in cash for the year.

Total cash flow

+2
Answers (1)
  1. 5 July, 18:23
    0
    Statement of cash flows amount in $

    A Cash flows from operating activies

    Cash collection from customers 480000

    less : cash payments to supliers 113000

    less : cash payments for interest 43000

    Net cash flow from operating activities 324000

    B Cash flows from investing activities

    Additions

    Sales of old equipment 90000

    less:purchase of bus 69000

    net cash flow from investing activities 21000

    C Cash flows from financing activities

    less:repurchase of outstanding stock 91000

    Less:Dividend payments 98000

    Net cash flow from financing activities - 189000

    total cash flow 156000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following cash flow data for Rocket Transport: Cash dividend $ 98,000 Purchase of bus $ 69,000 Interest paid on debt $ 43,000 Sales of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers