Below are the past two years of financials for Field of Dreams, LLC:

INCOME STATEMENT:

Sales: 2022=$100,000.00; 2023=$134,100.00
Cost of Goods Sold: 2022=$60,000.00; 2023=$80,460.00
Gross Margin: 2022=$40,000.00; 2023=$53,640.00
Depreciation: 2022=$16,000.00; 2023=$19,200.00
Administrative Costs: 2022=$9,000.00; 2023=$10,800.00
EBIT: 2022=$15,000.00; 2023=$23,640.00
Interest: 2022=$4,000.00; 2023=$4,000.00
Pre-tax income: 2022=$11,000.00; 2023=$19,640.00
Taxes: 2022=$4,400.00; 2023=$7,856.00
Net Income: 2022=$6,600.00; 2023=$11,784.00
Dividends: 2022=$0.00; 2023=$7,070.40
Addition to Retained Earnings: 2022=$6,600.00; 2023=$4,713.60

BALANCE SHEET AS OF 12/31/2023:

ASSETS
Cash: 2022=$5,000.00; 2023=$6,000.00
Inventory: 2022=$15,000.00; 2023=$18,000.00
Accounts Receivable: 2022=$15,000.00; 2023=$20,115.00
Current Assets: 2022=$35,000.00; 2023=$44,115.00
Net PPE: 2022=$80,000.00; 2023=$92,000.00
Total Assets (TA): 2022=$115,000.00; 2023=$136,115.00

LIABILITIES & SHAREHOLDER EQUITY
Accounts Payable: 2022=$25,000.00; 2023=$30,000.00
Current Liabilities: 2022=$25,000.00; 2023=$30,000.00
Long Term Debt: 2022=$40,000.00; 2023=$51,401.40
Total Liabilities: 2022=$65,000.00; 2023=$81,401.40
Shareholder Equity: 2022=$50,000.00; 2023=$54,713.60
Total Liabilities and Shareholder Equity: 2022=$115,000.00; 2023=$136,115.00
1) What is the net cash used in investing activities in 2023? (Refer to the Statement of Cash Flows)
2)

3 answers

To calculate the net cash used in investing activities for Field of Dreams, LLC in 2023, we need to examine changes in property, plant, and equipment (PPE) or any other relevant assets. The net cash used in investing activities typically includes any capital expenditures made (for purchasing new assets) minus any proceeds from the sale of assets.

Steps to Calculate Net Cash Used in Investing Activities:

  1. Net PPE for 2022 and 2023:

    • Net PPE (2022) = $80,000
    • Net PPE (2023) = $92,000
  2. Determine the change in Net PPE:

    • Change in Net PPE = Net PPE (2023) - Net PPE (2022)
    • Change in Net PPE = $92,000 - $80,000 = $12,000

This indicates that Field of Dreams, LLC spent $12,000 on acquiring new property, plant, and equipment in 2023.

  1. Assuming No Asset Sales:
    • If there are no reported sales of PPE or any other long-term assets in the provided data, and since we only have the information about the increase in Net PPE, we interpret that the entire amount of $12,000 represents cash spent on investing activities.

Conclusion:

Net Cash Used in Investing Activities in 2023 = $(12,000)

This reflects the cash outflow for investments made by the company in acquiring new property, equipment, or improvements during the year.

If there were any other investing activities (like the sale of assets) that were mentioned, those should be accounted for to provide a complete picture, but with the information provided, this is the cash used in investing activities.

If you need additional help or questions, please feel free to ask!

What is the final value for cash and marketable securities at the end of 2020?

To find the final value for cash and marketable securities at the end of 2023 (which appears to be the year to focus on since you earlier requested 2023-related information), we refer to the balance sheet data provided for 2023.

According to the balance sheet as of December 31, 2023:

  • Cash = $6,000.00

You did not provide information about "marketable securities," so if there are no marketable securities mentioned, it is safe to assume that their value is $0.

Final value for cash and marketable securities at the end of 2023 would therefore be:

Cash: $6,000.00 Marketable Securities: $0.00

Total:

Total Cash and Marketable Securities = Cash + Marketable Securities = $6,000.00 + $0.00 = $6,000.00.

If you meant a different year or need further adjustments, please clarify!

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