Answer:
$568.95
Step-by-step explanation:
Given parameters:
Value of loan = $18965
Interest rate = 3%
Time = 1year
Unknown:
Interest = ?
Solution:
The interest on a particular amount is given as:
I =
I is the interest
P is the principal
R is the rate
T is the time
I = = $568.95
Answer:
The amount of cash flow from continuing operating activities under the indirect method is $43,000.
Step-by-step explanation:
Fine Furniture Company had a net income of $50,000.
Accounts receivable increased by $30,000.
The inventory decreased by $20,000.
The accounts payable increased by $4,000.
Salaries payable decreased by $1,000.
The amount of cash flow from continuing operating activities under the indirect method is: