W. C. Cycling had $55,000 in cash at the year-end 2011 and a $25,000 en cash at year end 2012. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled $170,000. a. What was the cash flow from operating activities?

a. 55,000-25,000=30,000
b. Decrease in cash flows: -250,000+170,000+Operating incoming cash=-30,000
c. Operating cash flow = 50,000

b. If accruals increased by $25,000, receivables and inventories increased by $100,000, and depreciation and amortization totaled $10,000, what was the firm’s net income?

a. Net income + 25,000 – 100,000+10,000=50,000
b. Net income=$115,000

Employers hiring for entry-level positions in hospitality and tourism expect workers to

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