Question

Wildhorse Company increased its investments in marketable securities by $323,370 and paid $1,232,231 for new fixed assets during 2017. The company also repaid $773,200 of existing long-term debt while raising $913,545 of new debt capital. In addition, Wildhorse had a net cash inflow of $352,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $51,501. What is the net cash used in long term investing activities by Wildhorse? What is the net cash provided by the company’s financing activities?

Answer 1

Answer: $‭88,844‬

Step-by-step explanation:

Financing activities relate to those activities that the company gets into in relation to Equity and debt as these are what finance the operation of the business.

Net Cash from Financing activities = Net inflow - Net Outflow

= New Debt Capital - Repaid debt - Treasury stock purchase

= 913,545 - 773,200 - 51,501

= $‭88,844‬