Finance homework cengage

Chapter 3 assigment

finance 331

online hw

cengage

this is one of the questions

Hampton Industries had $63,000 in cash at year-end 2018 and $13,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $150,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$100,000. Round your answers to the nearest dollar, if necessary.

1. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.$
2. If accruals increased by $5,000, receivables and inventories increased by $90,000, and depreciation and amortization totaled $69,000, what was the firm’s net income?$