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Styles Question 4 Jim's...

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Accounting

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Styles Question 4 Jim's earthmoving business has the following information available with regards to its cash flows for the year ended 31 December 2019. Cash at Bank, 31 December 2019 $ 9800 Receipts from sale of investments $ 13 500 Collections from customers 144 000 Payments to suppliers 106 100 Payments to employees 38 700 Payment of interest 1 000 Payment for purchase of machinery 68 400 Investment by owner 36 600 Withdrawals by owner 5 000 Use the above information to answer the following questions. (a) What is the net increase/(decrease) in cash for the year (show calculations)? (2 marks) o Di 47% 0.- 0 F11 (b) What would have been the Cash at Bank balance at the beginning of the financial year (show calculations)? (2 marks) (c) What do the cash flows from the operating, investing and financing activities tell us about the financial health of Jim's business? (6 marks) 1. Operating activities 11. Investing activities Financing Activities 46% o

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