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

Question

Abby Bell

Business

27 February, 03:21

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

+1

Answers (1)

Know the Answer?

Irvin Mueller · Answer 1

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