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The following is cash flow data for Rocket Transport: Cash dividend Purchase of bus Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers $ 95,000 $ 37,000 $ 25,000 $ 49,500 $ 112,000 $ 125,000 $ 450,000 Answer is complete and correct
The following is cash flow data for Rocket Transport: Cash dividend Purchase of bus Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers $ 95,000 $ 37,000 $ 25,000 $ 49,500 $ 112,000 $ 125,000 $ 450,000
Answer is complete and correct. Net cash provided by investing activities $ 12.500 b. Find the net cash provided by or used in financing activities. (Input the amount as positive value.) Answer is complete but not entirely correct. financing activities S 232,000 X Net cash used in c. Find the net increase or decrease in cash for the year. (Input the amount as positive value.) Answer is complete but not entirely correct. Net increase in cash $ 205,500 X
Expert Solution
a. cash flows from investing activities
| Sale of old equipment | $ 49,500 |
| Purchase of bus | $ (37,000) |
| Net cash provided by investing activities | $ 12,500 |
b. cash flows from financing activities
| Repurchase of stock | $ ( 112,000) |
| Cash dividend | $ ( 95,000) |
| Net cash used in finacing activities | $ (207,000) |
c.net increase or decrease in cash for the year
cash flows from operating activities
| Cash collection from customers | $ 450,000 |
| Cash payment to suppliers | $ (125,000) |
| Cash payment for interest | $ ( 25,000) |
| Net cash provided by operating activities | $ 300,000 |
Net increase or decrease in cash for the year = cash flows from investing activities + cash flows from financing activities + cash flows from operating activities
= 12500 +(207000) +300000 = 105500
| Net increase in cash | $ 105,500 |
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