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Date Posted: 08:24:47 01/24/03 Fri
Author: Dr. D.
Subject: Solutions to the EOC problems are on the Departmental Website
In reply to: Zach Polun 's message, "Problem 7 chapt 3 page 108" on 09:33:40 01/23/03 Thu

Solutions to many of the EOF problems can be found on the departmental FI3300 website (not my WebCT one). The address is in your syllabus, but in case you've lost it (or can't be bothreed to key it in), here it is:

http://www-cba.gsu.edu/%7Ewwwfin/3300/html/index.htm

just paste the link into your browser and bookmark it. Once you're in the departmental site, click on the link for

"Answers to End of Chapter Questions"



>I'm begining to give the cash flows a try and I think
>I have the main idea but I seem to have an error some
>where. Is there anywhere that has the solutions solved
>for us? Anyway this is what I have so far
>
>
>Cash flow from operations
>
>Net Income 26,000
>Depreciation 2,000
>Accts Rec. (4,000)
>Accts Pay (2,000)
>Inventory (2,000)
>-------------------
>Cash flow from operations is 16,000
>
>
>Cash flow from investing
>
>Gross fix assets (Change in net fixed assets +
>depreciation)=(15,000)
>
>Cash Flow from Financing
>
>Notes payable 3,000
>payment of LT debt 8,000
>payment of Div (Net Income-change in R.E.) (18,000)
>Issuence of stock 15,000
>--------------------------
>8,000
>
>so,
>16,000
>(15,000)
>8,000
>-------
>= 9,000
>but cash should be 13,000 (differece of cash from 1999
>and 1998)
>where did I go wrong?

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