Question

2022 Net Income 150,000 Depreciation 50,000 Change A/R (30,000) Inventory 5,000 Total Operating Cash Flow 175,000 Investing Cash Flow (50,000) Debt 250,000 Stock Repayments (25,000) Financing Cash Flow 225,000 If the above company has cash on hand of $1,000,000 at 12/31/2021, what is its cash on hand at 12/31/2022 650,000 825,000 None of the choices 1,250,000 1,175,000

          2022
Net Income	150,000
Depreciation	50,000
Change A/R	(30,000)
Inventory	5,000
Total Operating Cash Flow	175,000
Investing Cash Flow	(50,000)
Debt	250,000
Stock Repayments	(25,000)
Financing Cash Flow	225,000
If the above company has cash on hand of $1,000,000 at 12/31/2021, what is its cash on hand at 12/31/2022
650,000
825,000
None of the choices
1,250,000
1,175,000

2022
Net Income 150,000
Depreciation 50,000
Change A/R (30,000)
Inventory 5,000
Total Operating Cash Flow 175,000
Investing Cash Flow (50,000)
Debt 250,000
Stock Repayments (25,000)
Financing Cash Flow 225,000
If the above company has cash on hand of 1,000,000 at 12/31/2021, what is its cash on hand at 12/31/2022
650,000
825,000
None of the choices
1,250,000
1,175,000

Added by Cheryl R.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Megha Sharma

Step 1

The total operating cash flow is calculated by adding the net income, depreciation, and change in accounts receivable and inventory. So, the total operating cash flow for 2022 is: 150,000 + 50,000 + (30,000) + 5,000 = 175,000. Show more…

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2022: 150,000 50,000 (30,000) 5,000 175,000 Net Income Depreciation Change A/R Inventory Total Operating Cash Flow Investing Cash Flow (50,000) Debt Stock Repayments Financing Cash Flow 250,000 (25,000) 225,000 If the above company has cash on hand of $1,000,000 at 12/31/2021, what is its cash on hand at 12/31/2022? 650,000 825,000 None of the choices 1,250,000 1,175,000