Quiz 2

Question 1 - Purchased goods for cash = 50,000; expenses for the period fully paid = 30.000; Interest paid = 5000; Depreciation = 10,000. Sold all goods on credit =100,000; Find CFO

Answer - Negative 80,000

Question 2 - Profit = 5000; Depreciation =10,000; Expenses fully paid = 30,000; Interest fully paid =5000; Credit sales =100,000. Find CFO.

Answer - Negative 80,000

Question 3 - CFO = 50,000; Bonus issue =50,000; Purchase of bonds for cash = 50,000; Depreciation = 20,000; Credit expenses= 50,000. Find Profit

Answer - Negative 20,000

Question 4 - Started business with cash 100,000; availed 5% loan =100,000; Purchased furniture for cash =50,000; purchased goods for cash =50,000; sold goods on credit =150,000. Depreciation =5000. Interest due but not paid. Find CFF at the end of the year.

Answer - Positive 200,000

Question 5 - Started business with cash 100,000; availed 5% loan =100,000; Purchased furniture for cash =50,000; purchased goods for cash =50,000; sold goods on credit =150,000. Depreciation =5000. Interest due but not paid. Find CFI at the end of the year.

Answer - Negative = 50,000

Question 6 - Started business with cash 100,000; availed 5% loan =100,000; Purchased furniture for cash =50,000; purchased goods for cash =50,000; sold goods on credit =150,000. Depreciation =5000. Interest due but not paid. Find CFO

Answer - Negative 50,000

Question 7 - Cash generated during the year =35,000; CFF = negative 10,000; Sold investments for 100,000 for cash; Dividend received = 5,000; Find CFO

Answer - Negative 60,000

Question 8 - Cash generated during the year =35,000; CFF = negative 10,000; Sold investments for 100,000 for cash; Dividend received = 5,000; find CFI

Answer - Positive 105,000