In 2008, Lower Case Productions had cash flows from investing activities of $85,000 and cash flows from financing activities of $93,000. The balance in the firm's cash account was $94,000 at the beginning of 2018 and $72,000 at the end of the year. What was Lower Case's cash flow from operations for 2018

Question

01-02-2021
Business

Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

In 2008, Lower Case Productions had cash flows from investing activities of $85,000 and cash flows from financing activities of $93,000. The balance in the firm's cash account was $94,000 at the beginning of 2018 and $72,000 at the end of the year. What was Lower Case's cash flow from operations for 2018

Sagot :

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.

Identify the prepositional phrase. With its rattle, a rattlesnake warns those around that they should watch where they are stepping. With its rattle a rattlesna

Max was on vacation twice as long as Jared and half as long as Wesley. The boys were on vacation a total of 3 weeks. How many days was each boy on vacation?

how much is 22% of 850?

Roosevelt's program to end the depression was called the __________. Fair Deal Bonus Army Brain Trust New Deal

The radio transmitter and aerial radio antenna was an innovation of A. Guglielmo Marconi B. Thomas Edison C. Alexander Graham Bell D. Jean Lenoir E. Gustav Eiff

Which sentence is punctuated correctly? A. Charmaine made greeting cards for: Leslie, Stacey, and Brenda. B. At the concert, we sat behind: the O'Connors and th

Which part of French society was affected by the adoption of the Napoleonic Code? A. the banking system B. the schools C. the military D. the legal system

Both mitosis and meiosis begin with a diploid cell that contains replicated chromosomes. Explain the main differences between these two processes and what types

Why is a food chain a more limited representation of the flow of energy through an ecosystem than a food web? A. A food chain shows only a single pathway of ene

‘The increased availability of mobile digital devices has had a positive impact on how young people use their free time’. Make a reasoned argument to support th

abdulmajeedabiodunac abdulmajeedabiodunac · Answer 1 · 2021-02-02T19:14:33-05:00

Answer:

-$200,000

Explanation:

The cash balance in the cash account at the end of the year is shown by the formula below:

Cash balance at the end of the year=cash flows from operations+cash flow investing activities+cash flows from financing activities+beginning cash balance

Cash balance at the end of the year=$72,000

cash flows from operations=X

cash flow investing activities=$85,000

cash flows from financing activities= $93,000

beginning cash balance=$94,000

cash flow investing activities+cash flows from financing activities+beginning cash balance=$85,000+$93,000+$94,000=$272,000

$72,000=X+$272,000

The above shows that cash flows from operations is a cash outflow not an inflow

X=$72,000-$272,000=-$200,000

Sagot :

Other Questions