Homework Answers
Answer 1)
Calculation of cash flow from operating activities
|
Particulars |
Amount (in $) |
|
Cash Flow from operating activities |
|
|
Net Income |
317,696 |
|
Add: Depreciation on fixed assets |
40,292 |
|
Add: Amortization of patents |
8,491 |
|
366,479 |
|
|
Add: Decrease in current assets/ Increase in current liabilities |
|
|
Prepaid Expenses ($ 6,109 - $ 2,309) |
3,800 |
|
Less: Increase in current assets/ Decrease in current liabilities |
|
|
Accounts Receivable ($ 125,331 - $ 103,027) |
22,304 |
|
Inventories ($ 104,959 - $ 94,246) |
10,713 |
|
Accounts Payable ($ 72,543 - $ 52,516) |
20,027 |
|
Cash Flow from Operating Activities |
317,235 |
The cash flow from operating activities is $ 317,235. Therefore the correct option is (a)
Answer 2)
Calculation of amount of dividend paid during the year
|
Particulars |
Amount (in $) |
|
Cash Dividend payable in the beginning of the year |
9,461 |
|
Add: Cash Dividend declared during the period |
87,957 |
|
Total Dividend Payable |
97,418 |
|
Less: Cash dividend payable in the end of the year |
15,255 |
|
Cash dividend paid during the year |
82,163 |
Note: The balance of dividend payable in the beginning of the period was $ 9,461. Also the company declared $ 87,957 as dividend during the year. Thus, the total dividend payable was $ 97,418. Of this $ 15,255 was payable at the end of the year. Thus the dividend paid during the period was $ 82,163 (i.e. $ 97,418 - $ 15,255).
Thus the correct option is (d) i.e. $ 82,163
Add Answer to:
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