Question 25, P1-3 (similar to)Part 1 of 5Cash flows It is typical for Jane to plan, monitor, and assess her financial position using cash flows over a given period, typically a month. Jane has a savings account and her bank loans money at 6% per year while it offers short-term investment rates of 5%. Jane's cash flows during August were as follows:a. Determine Jane's total cash inflows and cash outflows.b. Determine the net cash flow for the month of August.c. If there is a shortage, what are a few options open to Jane?d. If there is a surplus, what would be a prudent strategy for her to follow?--.a. Jane's total cash inflows are $(Round to the nearest dollar.)Data table(Click the icon here a in order to copy the contents of the data table below into aspreadsheet.)ItemCash inflowCash outflowClothes$1,200Interest received$440$480$810Dining outGroceriesSalaryAuto payment$4,600$356$290$1,240$226UtilitiesMortgageGasPrintDone

Here, Bank Loan Rate is 6% Short Term Investment Rate is 5% Other Details regarding cash flows are…

Answered: Cash flows It is typical for Jane to…

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter13: Statement Of Cash Flows

Section: Chapter Questions

Problem 13.5MAD

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Question 4 Abacus Bhd has entered into the following transactions after the year end and wish to know how to deal with them in a cash flow statement, as they are unsure of the meaning of the definition of cash and cash equivalents. Abacus Bhd had decided after the year end to deposit the funds with the bank in two term deposit accounts as follows: RM3 million into a 12-month term account, earning 5% interest. The cash can be withdrawn by giving 14 days’ notice but Angel will incur a penalty, being the loss of all interest earned. RM7 million into a 12-month term account earning 3% interest. The cash can be withdrawn by giving 21 days’ Interest will be paid for the period of the deposit but if money is withdrawn, the interest will be at the rate of 2%, which is equivalent to the bank’s stated rate for short-term deposits. Abacus Bhd is confident that it will not need to withdraw the cash from the higher-rate deposit within the term, but wants to keep easy access to the…
How much time in months will cash last given the following information: cash burn Cash at the End of the Period $200 Cash Flow From Operations ($10) Cash Flow from Investing Activities = ($30) Cash Flow from Financing Activities $100
Effect of transactions on cash flows The financial year for Gamma Limited ends on 30 June 2019. Management has asked you what effect each of the following June transactions will have on net profit before tax, cash flow from operations, cash flow from investing and cash flow from financing for the year ended 30 June 2019: 1. Sent invoices for $40 000 to customers during June for work carried out in June; $19 000 of this had been collected by year-end. 2. Borrowed $300 000 from the bank on 10 June, with principal and interest repayable in six months. Accrued interest at 30 June is $2500. 3. Paid salaries for the month of $80 000, with $5000 in wages owing at year-end. 4. Received $30 000 deposit on a job that will be carried out in July 2019. 5. Paid accounts payable of $35 000 which was outstanding at 31 May 2019. 6. Sold old equipment for $20 000. The equipment originally cost $300 000 with accumulated depreciation at the time of sale of $250 000. 7. Purchased new equipment on 20 June…
23 [Question text] In the month of July, if a firm had a net cash inflow of RM2,000, beginning cash balance of RM5,000 and ending cash balance of RM30,000. How much does the firm need to borrow? Select one: A. RM23,000 B. RM11,000 C. RM12,000 D. RM27,000
lesson 9 quiz - financial planning tools and concepts pt. 2 gerry jacobs, a financial analyst for best value supermarkets, has prepared the following sales and cash disbursement estimates for the period of august through december of the current year. month sales cash disbursements august 400 300 september 500 500 october 500 700 november 600 400 december 700 500 90% of sales are for cash, the remaining 10% are collected one month later. all disbursements are on a cash basis. the firm wishes to maintain a minimum cash balance of 50. the beginning cash balance in september is 25. prepare a cash budget for the months of october, november, and december, noting any needed financing or excess cash available.
Lecture note page 15-16, 34-37, see Excel version of the example for detail) For projesct Z- year S inventories is estimated to be S00, accounts receivable is estimated to be $400, and accounts payable is estimated to be S100. a. Calculate the working capital for year 5. Answer b if the working capital in year 6 is estimated to be $600, calculate the CHANGE in working capital in year Answer c. Is this a cash outflow or cash inflow? cash outflow cash inflow
Question 3 The following extract from the cash book of Jon for the month of January shows thecompany’s bank transactions: RM RM01 Jan Balance b/f RM600 18 Jan Ali RM14513 Jan Uno RM224 28 Jan PBA RM 7231 Jan Latif RM186 30 Jan TNB RM109 31 Jan Balance c/f RM684 1,010 1,010The company’s bank statement for the same period is as follows: Debit (RM) Credit (RM) Balance (RM)01 Jan Balance RM63503 Jan Halim RM35 RM60013 Jan Uno…
23. Gingerbread Corp hired a new intern for the summer. The intern was assigned the job of preparing the year-end statement of cash flow but was having some trouble trying to determine where to classify the following transactions. TRANSACTION Cash Flow Cash payment of dividends to common stockholders 30,000 Cash payment for purchase of land 468,000 Cash proceeds from sale of equipment 15,000 Cash proceeds from issuing Gingerbread common stock 45,000 Cash payments on long-term note payable 175,000 Cash payments to purchase stock in another company 51,000
Question 2 Safe Security Doors Ltd. undertakes bank reconciliation at the end of each month before preparing its monthly financial statements. The following information is produced by comparing the cash deposits and withdrawals recorded by the business in September with their bank statement received for the month ending 30 September 2021: Safe Security Doors Ltd.’s cash at bank ledger account has a debit balance of $141,999 at 30 September 2021. The bank statement for the month of September shows a credit balance of $145,925 as at 30 September 2021. Bank statement shows a direct electronic transfer from a customer of $15,405 that has not been recorded by the entity. $10,205 cash received from a customer Adam on 29 September (invoice no. 411) and $14,359 cash received from another customer Brian on 30 September (invoice no. 413) are recorded in the entity’s accounting record but are not…
Aug 1 Sold goods - 180k 2 loan from bank - 300k 5 collect from customers- 95k 6 Paid suppliers- 25k 10 Paid salaries 12,400 15 Purchase machineries-35k 1. What amount is the total cash inflow from operating activities? A. 575,000 B. 275,000 C. 180,000 D. 95,000 2. How much is the total net cash flow from investing activities? A. ₱35,000 B.( ₱35,000) C. ₱300,000 D. ₱395,000
2 Use Redlands’ 2020 balance sheet from Exhibit 2-1 in your Bergevin and MacQueen textbook as the starting point for this problem. Assume that Redlands had the following transactions in 2021: Borrowed $80 in cash from a bank at the beginning of 2021. Received $50 cash from the 2020 consulting engagement. Paid $30 cash for the 2020 operating expenses. Earned $60 in consulting revenue for 2021—collected one-half of the revenue in cash. Incurred $35 of operating expenses in 2021—paid $20 of the operating expenses in cash. Recorded 2021 depreciation expense of $15 on the equipment purchased in 2020. Paid $8 of interest for the $80 cash borrowed at the beginning of 2021. Now, use the Session 2 Comprehensive Problem Excel File from above to complete the tables for2021: Record the transactions in the general journal. Post the entries to the ledger (Note that the 2021 beginning balances in each account have already been entered for you, where appropriate). Construct a trial balance.…
(Learning Objectives 1, 7: Show how to speed up cash flow from receivables;evaluate liquidity through ratios) Geneva Co., Inc., an electronics and appliance chain,reported these figures in millions of dollars:Net sales .........................................Receivables at end of year...............2019$523,1253,8602018$543,1254,510Requirements1. Compute Geneva’s days’ sales in receivables or days’ sales outstanding (DSO) during2019. (For this exercise, use “net sales” for “net credit sales” when calculating ratios.)2. Is Geneva’s DSO long or short? Kurzwel Networks takes 39 days to collect its averagelevel of receivables. Domarko Freight, the overnight shipper, takes 33 days. What causesGeneva’s collection period to be so different?

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