Hampton Industries had $46,000 in cash at year-end 2015 and $23,000 in cash at y

Question

Hampton Industries had $46,000 in cash at year-end 2015 and $23,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $150,000. Cash flow from financing activities totaled +$170,000. Round your answers to the nearest dollar, if necessary.

What was the cash flow from operating activities? Enter cash outflows with a minus sign.
$   

If accruals increased by $50,000, receivables and inventories increased by $150,000, and depreciation and amortization totaled $5,000, what was the firm's net income?
$   

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Amount cash at year-end 2016         23,000.00 cash at year-end 2015         46,000.00 Net Decrease in cash 23000 - 46000       (23,000.00) Cash flow from financing activities       170,000.00 Cash flow from Investing activities    (150,000.00) Cash flow from operating Activities = -23000 -170000 - (-150000)       (43,000.00) Increase in Accruals         50,000.00 Increase in receivables and inventories      (150,000.00) depreciation and amortization           5,000.00 Cash flow from operating activity excl Net income       (95,000.00) Cash flow from operating activity incl Net income       (43,000.00) Net Income = -43000 - (-95000)         52,000.00

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