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The following table shows cash flow data for Rocket Transport. Cash dividend $ 90,000 Purchase of...

The following table shows cash flow data for Rocket Transport.

Cash dividend $ 90,000
Purchase of bus $ 53,000
Interest paid on debt $ 35,000
Sales of old equipment $ 82,000
Repurchase of stock $ 75,000
Cash payments to suppliers $ 105,000
Cash collections from customers $ 400,000

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

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


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

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Answer #2

Cashflow from operating activities=-Interest paid on debt-Cash payment to suppliers+cash collected from customers.

Cash flow from operating activities=-$35,000-$105,000+$400,000=$260,000

a.Cashflow from Investing activities=-Purchase of bus+Sold of old equipment=-53,000+82000=$29,000

b.Cashflow from financing activities=-cash dividend-Repurchase of stock=-90,000-75,000=-$165,000

Note: '-' indicates cash outflow, '+' indicates cash inflow

c.Changes in cash= cash flow from operating activities+cash flow from investing activities+ cashflow from financing activities

Changes in cash=$260,000+$29,000-$165,000=$124,000

Increase in the cash=$124,000

answered by: anonymous
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