Homework #3 >> Introduction to Financial Accounting
TOTAL POINTS 10
1.Which of the following would be a cash flow from operating activities? (check all that apply)
1 point
2.Which of the following would be a cash flow from investing activities? (check all that apply)
1 point
3.A company has the following cash flows:
Cash from operations (30)
Cash from investing activities (45)
Cash from financing activities 90
Which growth stage best describes this pattern of cash flows?
1 point
4.A company bought $50,000 of inventory for $20,000 cash, with the balance due to the supplier in 30 days. What is the operating cash flow in this transaction?
1 point
5.Which of the following would be shown as a negative number in the Operating section of the SCF under the indirect method? (check all that apply)
1 point
6.A company has Net Income of $20, which included $4 of depreciation expense. There were no other noncash expenses in Net Income and there were no gains or losses. Accounts receivable was $40 at the beginning of the year and $25 at the end of the year. Accounts Payable was $25 at the beginning of the year and $15 at the end of the year. Inventory was $22 at the beginning of the year and $27 at the end of the year. All other balance sheet accounts were unchanged over the year. What was the company’s Cash Flow from Operating Activities?
1 point
7.A company put together a preliminary version of its financial statements. Its Net Income was $200, its Depreciation Expense was $40, and its Cash Flow from Operations was $90. The accountant found an error in computing straight-line Depreciation Expense. It should have been $50. What is Cash from Operations after fixing this mistake? (you can ignore taxes)
1 point
8.A company sold PP&E for $200 cash. Prior to the sale, the net book value of the PP&E on the financial statements was $240. Thus, the company recorded a Loss on Sale of Equipment of $40 in Net Income. What is the operating cash flow in this transaction?
1 point
9.Which of the following transactions would result in the change in Inventory on the SCF being a different number than the change in Inventory on the Balance Sheet? (check all that apply)
1 point
10.A company had Revenue of $1000, Depreciation and Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were $500. What was the company’s EBITDA?
1 point
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