1/ Bagrov Corporation had a net decrease in cash of $19,000 for the current year

Question

1/ Bagrov Corporation had a net decrease in cash of $19,000 for the current year. Net cash used in investing activities was $61,000 and net cash used in financing activities was $47,000. What amount of cash was provided (used) in operating activities?

Multiple Choice

$(89,000) used.

$(19,000) used.

$127,000 provided.

$89,000 provided.

$(127,000) used.

2/ A company's Inventory balance at the end of the year was $203,300 and $217,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was $101,000 and $95,300 at the beginning of the year, and its cost of goods sold for the year was $737,000. The company's total amount of cash payments for merchandise during the year equals:

Multiple Choice

$745,000.

$756,400.

$737,000.

$717,600.

$729,000.

3/ amison Company reports depreciation expense of $58,000 for Year 2. Also, equipment costing $194,000 was sold for a $6,800 gain in Year 2. The following selected information is available for Jamison Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

Multiple Choice

$39,200.

$58,000.

$104,000.

$52,800.

$46,000.

4/ company's income statement showed the following: net income, $129,000 and depreciation expense, $31,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,900; merchandise inventory increased $19,000; and accounts payable increased $3,900. Calculate the net cash provided or used by operating activities.

Multiple Choice

$123,000.

$165,700.

$127,700.

$155,300.

$185,500.

5/ A company had net cash flows from operations of $122,000, cash flows from financing of $334,000, total cash flows of $506,000, and average total assets of $2,620,000. The cash flow on total assets ratio equals:

Multiple Choice

4.7%.

4.9%.

19.3%.

20.0%.

24.1%.

At December 31 Year 2 Year 1 Equipment $ 700,000 $ 894,000 Accumulated Depreciation-Equipment 500,000 590,000

Explanation / Answer

1.

89,000 provided

Net decrease in cash of for the current year $19,000 Net cash used in investing activities $61,000 Net cash used in financing activities $47,000 Net change in cash and cash equivalents Net cash provided by (used in) operating activities + Net cash provided by (used in) investing activities + Net cash provided by (used in) financing activities -$19,000 = Net cash provided by (used in) operating activities - $61,000 -$47,000 Net cash provided by (used in) operating activities $                                                                    89,000.00

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