Answer:
October
Explanation:
The computation of the month in which the largest amount of cash receipts is there
So, for that the calculation is to be needed
= $211,000 × 36% + $198,000 × 60%
= $75,960 + $118,800
= $194,760
For this month, the cash receipts from the account receivable is high
So the same should be considered
<span>Thomas earned the last month = $184
Sharlina earned the last month = $207
GCF (Greatest Common Factor) = 207-184
= 23
Thomas working the last month = Total earned/GCF
= 184/23
= 8
Hence the Thomas worked for 8 days
Similerly,
Sharlina working the last month = Total earned/GCF
= 207/23
= 9
Hence the Sharlina worked for 9 days</span>
Answer:
if you just want to cover your costs you would have to charge 25 dollars for it if you dont want to make a profit
Explanation:
Answer:
Project should have minimum annual cash flow of $62,373.06 to accept the project
Explanation:
Any project will be accepted if its net present value (NPV) is positive
Hence, NPV>0
Sum of discounted cash inflow - Discounted Cash outflow > 0
Annual cash inflow * PVAF (8.2%, 11 years) - $440,990 > 0
Annual cash inflow * 7.0702 - $440,990 > 0
Annual cash inflow * 7.0702 > $440,990
Annual cash inflow > $440,990 / 7.0702
Annual cash inflow > $62,373.06
So project should have minimum annual cash flow of $62,373.06 to accept the project
Answer:
a.$520,000
Explanation:
Amount($)
Sales for the year 500,000
Opening accounts receivable 100,000
Closing accounts receivable <u> (80,000)</u>
Cash received from customers <u> 520,000</u>
Cash received from customers to be reported on the cash flow statement using the direct method is $520,000.
Cash flow statements are usually stated using the direct method or indirect method.