Presented Below Are Items from Joplin Shoes' Statement of Cash

question 65

Essay

Presented below are items from Joplin Shoes' statement of cash flows for 2017.
​
$\begin{array}{lr}\text { Cash flows provided by operating activities } & \$ 75,000 \\\text { Cash flows provided by financing activities } & 115,000 \\\text { Cash at the beginning of the year } & 60,000 \\\text { Cash flows used by investing activities } & (100,000)\end{array}$ A)Determine whether Joplin Shoes' cash increased or decreased during the year.
B)How much cash does Joplin Shoes have at the end of 2016?
C)What is the purpose of the statement of cash flows?

---

Definitions:

Judaism

A monotheistic religion of the Jewish people, encompassing their culture, philosophy, traditions, and rituals guided by the Hebrew Bible.

Protestant Ethic

A concept in sociology that relates hard work, frugality, and prosperity to a person's salvation and ethical life, particularly within Protestantism.

John Calvin

A theologian and key figure in the Protestant Reformation, known for his influential teachings and writings on Christianity.

Worldly Activity

Actions or endeavors undertaken by individuals or groups that are concerned with the secular, earthly, or material aspects of life.