Organizations’ Cash Flow and Tremolo Tourism Employees’ Salaries

Tremolo Tourism has three employees who work on an hourly basis and are paid bi-weekly. Each employee works 80 hours bi-weekly and overtime hours are paid at 1.5 times the regular hourly rate. Each employee contributes a portion of their pay to the United Way. The employer pays the entire amount of the health care premium for the employees. Assume the employer contributes 100% toward CPP and 140% toward EI. Payroll information for the two weeks ending August 20, 2015 is listed below.

AP-1B ( 3 ) Indicate the section of the cash flow statement where each item would be located (operations, investing or financing). Item Section Change in Accounts Payable Change in Inventory Change in Equipment Change in Long-term portion of Bank Loan Change in Short-term portion of Bank Loan Change in Prepaid Rent Change in Accounts Receivable Change in Common Shares aP-2B ( 3 ) The Great Life Fitness’ cash account decreased by $14,000 and its short-term investment account increased by $18,000. Cash increase from operations was $21,000. Net cash decrease from investments was $22,000. required Based on the above information, calculate the cash increase (or decrease) from financing.