1 ) The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment $26,000 Sale of long-term investment $11,000 Dividends received on long-term investments $7,000 Paid off bonds payable $14,500 Depreciation expense $13,000
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to:
$(15,000) $(13,000) $(14,500) $(35,500) 2) Last year Burch Corporation's cash account decreased by $33,000. Net cash provided by investing activities was $8,800. Net cash used in financing activities was $29,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
$(12,300) $(33,000) $20,700 $(53,700) 3) McCorey Corporation recorded the following events last year:
Repurchase by the company of its own common stock $27,000 Sale of long-term investment $46,000 Interest paid to lenders $8,500 Dividends paid to the company's shareholders $56,000 Collection by McCorey of a loan made to another company $32,000 Payment of taxes to governmental bodies $18,500
On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:
$22,000 $(13,500) $78,000 $(15,500)
| The following events occurred last year at Dorder Corporation: |
| Purchase of plant and equipment | $26,000 |
| Sale of long-term investment | $11,000 |
| Dividends received on long-term investments | $7,000 |
| Paid off bonds payable | $14,500 |
| Depreciation expense | $13,000 |
| Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: |
| Last year Burch Corporation's cash account decreased by $33,000. Net cash provided by investing activities was $8,800. Net cash used in financing activities was $29,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was: |
| McCorey Corporation recorded the following events last year: |
| Repurchase by the company of its own common stock | $27,000 |
| Sale of long-term investment | $46,000 |
| Interest paid to lenders | $8,500 |
| Dividends paid to the company's shareholders | $56,000 |
| Collection by McCorey of a loan made to another company | $32,000 |
| Payment of taxes to governmental bodies | $18,500 |
| On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. |
| Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: |
Related questions
The following events occurred last year at DorderCorporation: |
Purchase of plant and equipment | $20,000 |
Sale of long-term investment | $8,000 |
Dividends received on long-term investments | $5,000 |
Paid off bonds payable | $11,000 |
Depreciation expense | $6,500 |
Based on the above information, the cash provided (used) byinvesting activities for the year on the statement of cash flowswould net to: |
$(11,000)
$(12,000)
$(24,500)
$(6,500)
Last year Burch Corporation's cash account decreased by $16,000.Net cash provided by investing activities was $7,100. Net cash usedin financing activities was $14,000. On the statement of cashflows, the net cash flow provided by (used in) operating activitieswas: |
$6,900
$(16,000)
$(9,100)
$(22,900)
McCorey Corporation recorded the following events last year: |
Repurchase by the company of its own commonstock | $39,000 |
Sale of long-term investment | $58,000 |
Interest paid to lenders | $14,500 |
Dividends paid to the company's shareholders | $68,000 |
Collection by McCorey of a loan made to anothercompany | $44,000 |
Payment of taxes to governmental bodies | $24,500 |
On the statement of cash flows, some of these events areclassified as operating activities, some are classified asinvesting activities, and some are classified as financingactivities. |
Based solely on the information above, the net cash provided by(used in) investing activities on the statement of cash flows wouldbe: |
$102,000
$(9,500)
$34,000
$(19,500)
Financial statements of Rukavina Corporation follow: |
Rukavina Corporation | ||
Ending | Beginning | |
Assets: | ||
Cash and cash equivalents | $24 | $21 |
Accounts receivable | 77 | 72 |
Inventory | 33 | 31 |
Property, plant and equipment | 528 | 480 |
Less: accumulated depreciation | 326 | 299 |
Total assets | $336 | $305 |
Liabilities and stockholders'equity: | ||
Accounts payable | $42 | $52 |
Bonds payable | 95 | 110 |
Common stock | 71 | 72 |
Retained earnings | 128 | 71 |
Total liabilities and stockholders' equity | $336 | $305 |
Income Statement | |
Sales | $705 |
Cost of goods sold | 448 |
Gross margin | 257 |
Selling and administrative expenses | 151 |
Net operating income | 106 |
Income taxes | 38 |
Net income | $68 |
Cash dividends were $11. The company did not dispose of anyproperty, plant, and equipment. It did not issue any bonds payableor repurchase any of its own common stock. The following questionspertain to the company's statement of cash flows. |
The net cash provided by (used in) investing activities for theyear was: |
$1
$(11)
$(15)
$(48)
Clairmont Corporation is considering the purchase of a machinethat would cost $210,000 and would last for 8 years. At the end of8 years, the machine would have a salvage value of $20,000. Byreducing labor and other operating costs, the machine would provideannual cost savings of $34,000. The company requires a minimumpretax return of 8% on all investment projects. (Ignore incometaxes in this problem.)
Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determinethe appropriate discount factor(s) using tables.
The net present value of the proposed project is closest to:(Round discount factor(s) to 3 decimal places, intermediate andfinal answers to the nearest dollar amount.)
$(3,802)
$12,722
$62,000
$(19,149)
Last year Burch Corporation's cash account decreased by $27,000.Net cash provided by investing activities was $8,200. Net cash usedin financing activities was $23,000. On the statement of cashflows, the net cash flow provided by (used in) operating activitieswas: |
$(41,800)
$(12,200)
$14,800
$(27,000)
McCorey Corporation recorded the following events last year: |
| Repurchase by thecompany of its own common stock | $39,000 |
| Sale of long-terminvestment | $58,000 |
| Interest paid tolenders | $14,500 |
| Dividends paid tothe company's shareholders | $68,000 |
| Collection byMcCorey of a loan made to another company | $44,000 |
| Payment of taxes togovernmental bodies | $24,500 |
On the statement of cash flows, some of these events areclassified as operating activities, some are classified asinvesting activities, and some are classified as financingactivities. |
Based solely on the information above, the net cash provided by(used in) investing activities on the statement of cash flows wouldbe: |
$102,000
$(9,500)
$(19,500)
$34,000
McCorey Corporation recorded the following events last year: |
| Repurchase by thecompany of its own common stock | $29,000 |
| Sale of long-terminvestment | $48,000 |
| Interest paid tolenders | $9,500 |
| Dividends paid tothe company's shareholders | $58,000 |
| Collection byMcCorey of a loan made to another company | $34,000 |
| Payment of taxes togovernmental bodies | $19,500 |
On the statement of cash flows, some of these events areclassified as operating activities, some are classified asinvesting activities, and some are classified as financingactivities. |
| Based solely on the information above, the net cash provided by(used in) investing activities on the statement of cash flows wouldbe: $(14,500) $82,000 $24,000 $(14,500) 2)
$2,992 U $2,992 F $3,009 U $3,009 F |
