Page 129 - Agri-Business Management Handbook
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Current liabilities:
Suppliers (JBK- Balance at the beginning + 25350+214500- 5,850
Ari-processors)
inventories bought on credit – cash 234000 4,300
Unpaid expenses 10,150
(wages) paid to JBK
Total liabilities
Wages outstanding at year end
Total equity and
liabilities
XX Associates – Statement of cash flows
Cash flows from operating activities:
Inflows Cash sales 63,000
Outflows Cash received from trade receivables 297,000
Rent 37,500
Insurance 14,000
Wages 37,500
Electricity
Cash purchases of inventory 4,050
Payments to JBK Agri-processors 18,000
234,000
N et cash generate d from operating activities
14,950
Cash flows from investing activities:
Outflow Purchases of equipment 6,000
Net cash spent on investing activities (6,000)
Cash flows from financing activities:
23,000
Inflow Capital introduced 40,000
Outflow Capital withdrawn
(17,000)
Net cash spent on financing activities (8,050)
Total cash amounts spent during the year 12,450
Cash balance at the beginning of 2013 4,400
Cash balance at the end of 2013
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