In 2018, Usher Sports Shop had cash flows from investing activities of ($2,150,000) and cash flows from financing activities of ($3,219,000). The balance in the firm's cash account was $980,000 at the beginning of 2018 and $1,025,000 at the end of the year. Calculate Usher Sports Shop's cash flow from operations for 2018.

Cash at the end of the year = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities + Cash flows from operating activities

Therefore:

Cash flows from operating activities = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities - Cash at the end of the year

Cash flows from investing activities of ($2,150,000) <0 and cash flows from financing activities of ($3,219,000) <0.

Cash flows from operating activities = -$980,000 + $2,150,000 + $3,219,000 + $1,025,000 = $5,414,000

anthougo anthougo · Answer 2 · 2022-03-29T14:27:37+02:00

Usher Sports Shop's Cash Flows from Operations for 2018 is $5,414,000.

What is a cash flows statement?

A cash flows statement or the statement of cash flows is a financial statement that breaks down the analysis of cash flows into investing, operating, and financing activities.

The statement of cash flows provides more information about a company's cash flows and sources.

Data and Calculations:

Beginning cash = $980,000

Cash flows from investing activities = ($2,150,000)

Cash flows from financing activities = ($3,219,000)

Ending cash $1,025,000

Cash flows from operations for 2018 = $5,414,000 ($2,150,000 + $3,219,000 + $1,025,000 - $980,000)

Thus, Usher Sports Shop's Cash Flows from Operations for 2018 is $5,414,000.

Learn more about cash flows statements at https://brainly.com/question/735261