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Answer :
Final answer:
The net financing cash flows for Next Tec Corporation, calculated from the given cash inflows and outflows, amounts to $5,400.
Explanation:
The subject question pertains to the calculation of 'Net Financing Cash Flows' in the Statement of Cash Flows for Next Tec Corporation. In this scenario, two kinds of cash flows are related to financing activities: the 'receipt from the bank for long-term borrowing' and the 'payment of dividends. Therefore, the net financing cash flows can be calculated as follows:
- Receipt from the bank for long-term borrowing = $7,200
- Payment of dividends = $1,800
The net financing cash flow equals the cash inflow from borrowing minus the cash outflow from dividends. In this case, it will be:
Net financing cash flow = $7,200 - $1,800 = $5,400.
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