Hampton Industries had $48,000 in cash at year-end 2018 and $15,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling$180,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activitiestotaled +$110,000. Round your answers to the nearest dollar, if necessary.a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.$b. If accruals increased by $15,000, receivables and inventories increased by $80,000, and depreciation and amortization totaled $23,000, what was the firm'snet income?+A$

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Answered: Hampton Industries had $48,000 in cash…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 12P

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Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets presented the following data for equipment: During 2019, equipment costing $41,000 with accumulated depreciation of $36,700 was sold for cash, producing a $3,200 gain. Required: 1. Calculate the amount of depreciation expense for 2019. 2. Calculate the amount of cash spent for equipment during 2019. 3. Calculate the amount that should be included as a cash inflow from the disposal of equipment.
Hampton Industries had $66,000 in cash at year-end 2020 and $18,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $140,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$220,000. Round your answers to the nearest dollar, if necessary. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. $ If accruals increased by $15,000, receivables and inventories increased by $160,000, and depreciation and amortization totaled $15,000, what was the firm's net income?
Hampton Industries had $46,000 in cash at at year-end 2020 and $11,000 in cash year-end 2021. The firm invested in property, plant, and equipment totaling $290,000 the majority having a useful life greater than 20 years and fulling under the alternative depreciation System. Cash flow from financing operating activities. tatuled + $160,000. Round your answers to the nearest dollar, if necessary. a) What was the cash flow operating activities? Cash over flow, if any, should be indicated by a minus sign $ b) If accruals increased by $50,000, receivables and inventores increased by $85,000, and depreciation and amortization totaled $19,000, what was the firm's net income?
Hampton Industries had $39,000 in cash at year end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $210,000-the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. What was the cash flow from operating activities? If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?
Pls I need help with this 2 cashflow questions. Find attached Additional information:Equipment which had cost GH¢255, 000 and with a net book value of GH¢ 135,000 and was sold for GH¢96, 000 during the year.The cash proceeds of the sale of asset investments properties amounted to GH¢75,000.Dividends paid during the year amounted to GH¢240,000. Required:Prepare the company’s statement of cash flows for the year ended 31st December 2018, using the indirect method, adopting the format in IAS 7 Statement of cash flows.
Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $127,537,580 and sales revenue of $3,498,299,980 during 2022. Cash spent on plant asset additions during the year was $96,782,600. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $
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Additional information for 2023: 1. Net income was $60,000. This amount includes depreciation expense for $20,000. 2. Paid off a $50,000 bond which matured. 3. Land with a book value of $100,000 was sold for $130,000. 4. A $40,000 payment was made for new equipment. 5. Old machinery was sold for $5,000. Required: Prepare a statement of cash flows, in proper format, for the year ended December 31, 2023.
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Additional information: • Depreciation expense is $ 13,300. • Dividends declared and paid in cash of $ 20,000. • In 2020, the equipment will sell for $ 9,700 in cash (the amount sold equipment equals the book value of the equipment). QUESTIONS Based on the data above a. Prepare a 2020 cash flow statement for trading company "MARS" with using the indirect method
Hamilton Company had $150,000 in cash at the end of 2019 and $75,000 at the end of 2018. Hamilton invested $300,000 in property, physical plant, and equipment. Cash flow from financing activities totaled $150,000. Determine the cash flow from operating activities.

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