Answer:
Lucia's cash flows from operating activities would be:
$132,000.
Explanation:
Accounts Receivable End: $30,000 Beginning: $29,000 = -$1,000
Accounts Payable End: $24,000 Beginning: $26,000 = -$2,000
Net Income : $ 135,000
To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.
Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.
Such a person is the PROJECT SPONSOR. A project sponsor is the person with the overall accountability for a project, he has the responsibility to ensure that the project delivers the agreed business benefits. He is usually the one who is responsible for securing the financing and total resources project approval.
He would have to long 36 hours in order to match the salary
Answer: $76900
Explanation:
The following information can be deduced from the question:
Accounts receivable = $1,865,000
Allowance for doubtful debts = $35000
Estimated bad debt = 6% × $1,865,000 = $111900
The amount of bad debt expense that the company will record will be:
= Estimated bad debt - Allowance for doubtful debts
= $111900 - $35000
= $76900
Answer:
Explanation:
The journal entry is shown below:
Land A/c Dr
To Cash A/c
To Note payable A/c $250,000
(Being the purchase of the land is recorded)
The computation is shown below:
The cash would be
= Cash paid + delinquent property tax paid + title insurance cost + emove an unwanted building cost
= $110,000 + $1,100 + $1,550 + $5,900
= $118,550