Question

The following cash flow data for Rocket Transport:

Cash dividend $ 98,000
Purchase of bus $ 69,000
Interest paid on debt $ 43,000
Sales of old equipment $ 90,000
Repurchase of stock $ 91,000
Cash payments to suppliers $ 113,000
Cash collections from customers $ 480,000
a. Find the net cash provided by or used in investing activities.
Cash from investments $
b.
Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)

Cash from financing $
c. Find the net increase or decrease in cash for the year.
Total cash flow

Answer 1



Step-by-step explanation:

Statement of cash flows amount in $

A Cash flows from operating activies

Cash collection from customers 480000

less :cash payments to supliers 113000

less :cash payments for interest 43000

Net cash flow from operating activities 324000

B Cash flows from investing activities

Additions

Sales of old equipment 90000

less:purchase of bus 69000

net cash flow from investing activities 21000

C Cash flows from financing activities

less:repurchase of outstanding stock 91000

Less:Dividend payments 98000

Net cash flow from financing activities -189000

total cash flow 156000