3 the following information reflects cash flow and other activities of candy s candi 4352201

3.The following information reflects cash flow and other activities of Candy’s Candies, Inc. for the month ended March 31, 2007:

Paid for equipment$20,000Paid to owners$ 6,000

Paid for income taxes1,500Paid to suppliers20,000

Paid for insurance100Depreciation expense6,500

Paid for interest200Received from customers44,000

Paid for utilities400Received from issuing long-term debt12,000

Paid for advertising150Received from sale of land10,000

Paid to employees9,000

Use this information to answer the following questions:

a.What was net cash flow from operating activities for the period?

b.What was net cash flow from financing activities for the period?

c.What was net cash flow from investing activities for the period?

d.What was the net change in cash for the period?

4.The following information is available for Fun & Games Company for the first month of 2007:

Revenues$30,000

Expenses16,000

Increase in accounts receivable1,400

Decrease in inventory2,000

Decrease in supplies800

Increase in accounts payable2,200

Decrease in wages payable1,000

Depreciation expense1,600

Patent expense600

Required:

Determine the cash flow from operating activities for the month.

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