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Tiger Trade has the following cash transactions for the period.
Accounts Amounts
Cash received from sale of products to customers $ 35,000
Cash received from the bank for long-term loan 40,000
Cash paid to purchase factory equipment (45,000)
Cash paid to merchandise suppliers (11,000)
Cash received from the sale of an unused warehouse 12,000
Cash paid to workers (23,000)
Cash paid for advertisement (3,000)
Cash received for sale of services to customers 25,000
Cash paid for dividends to stockholders (5,000)
Calculate the ending balance of cash, assuming the balance of cash at the beginning of the period is $4,000.

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jepessoa

Answer:

                                Tiger Trade

                        Cash Flow Statement

Cash flows from operating activities:

  • Cash received from sale of products to customers $35,000
  • Cash received for sale of services to customers $25,000
  • Cash paid to merchandise suppliers ($11,000)
  • Cash paid to workers ($23,000)
  • Cash paid for advertisement ($3,000)

Total cash flow from operating activities $23,000

Cash flows from investing activities:

  • Cash received from the bank for long-term loan $40,000
  • Cash paid to purchase factory equipment ($45,000)
  • Cash received from the sale of an unused warehouse $12,000

Total cash flow from investing activities $7,000

Cash flows from financing activities:

  • Cash paid for dividends to stockholders ($5,000)

Total cash flow from financing activities ($5,000)

Net cash increase                                                               $25,000

Cash balance at the beginning of the period                     $4,000

Cash balance at the end of the period                            $29,000

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