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Quickbooks Online Accounting

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.5C

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This question ends at Taxation is 28%

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QUESTION 5
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5.1 Study the extracts of the Cash Flow Statement of Conlog Limited for the year ended 31 December 2020 and
answer the following:
5.1.1 What do you understand by “Cash flow from operating activities R 150 000"?
5.1.2 Name three transactions that improve cash flow but do not increase profit.
5.1.3 There is a combination of a positive net cash flow from operating activities and a negative cash flow from
investing activities. Is this good for the company? Explain.
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INFORMATION:
Conlog Limited
Extracts of Cash Flow Statement for the year ended 31 December 2020
E Comment
R
Combine Files
Cash flow from operating activities
Cash flow from investing activities
210 000
(330 000)
E0 Organize Pages
Additions to plant and machinery
(330 000)
Cash flow from financing activities
120 000
* Compress PDF
Increase in long term borrowings
120 000
2 Redact
5.2 Calculate the incremental profit/loss after tax.
INFORMATION:
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forms & agreements
Lubners Traders is considering extending credit to some customers who may be at risk of defaulting in payment.
Sales will increase by R200 000 if credit is granted to these customers. From the new accounts receivable
generated, 8% is expected to be uncollectable. Additional collection costs will be 3% of sales, and the production
and selling costs will be 65% of sales. Taxation is 28%.
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