assignment 3

 assignment several Essay

Decision Case 14-1

1 . Most numbers in thousands of dollars*

Golf America, Inc.

Declaration of Cash Goes

Year Finished December thirty-one, 2014

Money flows from operating actions:

Net income

$105

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

$46

Amortization of patents

10

Increase in accounts receivables ($72-$61)

(11)

Increase in inventories ($194-$181)

(13)

Embrace accounts payable ($63-$56)

six

Decrease in accrued liabilities ($17-$12)

(5)

thirty-five

Net funds provided by working activities

140

Cash moves from investing activities:

Purchase of property, plant and gear ($61-$46=$15; $125-$15=$110) $(110)

Purchase of long-term investments

(31)

Net funds used for investment activities

(141)

Cash runs from funding activities:

Issuance of common stock ($149-$61)

$88

Repayment of long-term notes payable ($264-$179)

(85)

Payment of money dividends ($156+$105-$221)

(40)

Net cash used for financing actions

(37)

Net decrease in cash

$(38)

Money balance, January 31, 2013

63

Funds balance, Dec 31, 2014

$25

2 . In our opinion 2014 was obviously a good season for Golf America mainly because, for example , net income increased simply by 110% coming from 2013 to 2014. Not simply did net income increased yet also Stocks and real estate, plant and equipment and Stockholder's Equity increased. The game of golf America as well decreased the long-term remarks payable via $264, 1000 in 2013 to $179, 000 in 2014 (32% decrease).

Decision Case 14-2

1 . Highlight Cinemas seems to be the better investment out of the two businesses because the main way to obtain cash salary comes from its operating actions ($70, 000) while Theatre by Design's main way to obtain cash profits comes from someone buy of herb assets ($40, 000). Every company should certainly look forward to having its operating actions being it is main...

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