Answer:
True
true
Explanation:
for both of these questions the answers are true. the loan repayment is made up of the prncipal and the interest. This is due to the fact that as the amout of the loan outstanding gets to be repaid, the remaining principal balance would be decreased too and the interest that is associated will also be decreased too with time. The payment principal amount is going to be bigger while the interest would be smaller.
Answer:
$32769.90
Explanation:
As, Amount = Principcal( 1 + Rate/100)^n
So, 25000 ( 107/100) ^ 4 (as, n = time = 4 years)
So answer= $32,769.90
Answer:
<u>Cash flows from operating activities 271,000</u>
Explanation:
net income 250,000
depreciation +40,000
amortization +9,000
Net Income adjusted 299,000
↑AR -4000
↑Inventories -12,000
↓Prepaid Expenses 2000
↓AP -14,000
Changes in working capital -28,000
Cash flows from operating activities <em>271,000</em>
Answer:
Petty Cash Fund $92 (debit)
Cash $92 (credit)
Explanation:
Petty Cash Custodian is granted an amount of money for petty cash expenses at the beginning of the period.
The Petty Cash Accounts depletes the Petty Cash Custodian incurs expenses during the period
<u>The following journals shows show the Petty Cash Depletes</u>
Coffee - Starbucks $13 (debit)
Supplies - Office Depot $ 46 (debit)
UPS - Delivery Costs $ 33
Petty Cash (credit) $92
The Petty Cash depleted by $92 during the period. The Petty Cash account has to be replenished by this amount from the Cash Book