Cilca Corporation Is a Supplier to the Pulp and Paper

question 8

Essay

Cilca Corporation is a supplier to the pulp and paper industry.Selected financial information about Cilca is listed below:
• Purchased real estate for $440,000 in cash.The cash was borrowed from a bank.
• Sold investments for $400,000.
• Paid dividends of $480,000.
• Issued shares of common stock for $200,000.
• Purchased machinery and equipment for $100,000 cash.
• Paid $360,000 on a bank loan.
• Reduced accounts receivable by $80,000.
• Increased accounts payable $160,000.
Sales for the period were $450,000
Use the above information to calculate Cilca's:
a.cash used or provided by operating activities
b.cash used or provided by financing activities

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Definitions:

Stamina

The physical or mental endurance to sustain prolonged stressful effort or activity.

Essential Requirement

A fundamental need or condition that is absolutely necessary for something to occur or be achieved.

Successful Leadership

The effective guidance and influence exerted by a leader that results in the achievement of group or organizational goals.

Motives

The underlying reasons or incentives that drive individuals to act or behave in a certain manner.