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In 2018, Usher Sports Shop had cash flows from investing activities of $440,000 and cash flows from financing activities of −$450,000. The balance in the firm’s cash account was $625,000 at the beginning of 2018 and $600,000 at the end of the year.

Required:
Calculate Usher Sports Shop’s cash flow from operations for 2018. (Amounts to be deducted should be indicated by a minus sign.)

Respuesta :

abiolataiwo2015

Answer:

$15,000

Explanation:

Calculation for Usher Sports Shop’s cash flow from operations for 2018

Cash flows from investing activities $440,000

Less Cash flows from financing activities ($450,000)

Less Net change in cash and marketable securities ($25,000)

($625,000-$600,000)

Cash flow from operations for 2018 $15,000

Therefore Usher Sports Shop’s cash flow from operations for 2018 will be $15,000

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