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3 years ago

Circumstances under which pro-forma invoice may be used

Business

1 answer:

forsale [732]3 years ago

5 0

Answer:

Pro forma invoices are commonly used as preliminary invoices with a quotation, or for customs purposes in importation. They differ from a normal invoice in not being a demand or request for payments.

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The following information is available for Windsor, Inc. for the year ended December 31, 2017. Beginning cash balance $ 45,720 A

Diano4ka-milaya [45]

Answer:

Cash generated for the year: 348,793‬

ending cash: 394,513

Explanation:

Operating Activities:

Net Income 288,646

depreciation 164,592

adjusted 453,238

change in Working capital:

AP decrease 3,759

Tax Payable 4,775

AR increase (8,331)

Inventory increase (11,176)

total change (10,973)

cash generated from operating activities 442.265

Investing Activities

proceed from land 35,560

purchase of building (293,624)

cash used from investing activities 258,064‬

Financing Activities

issuance of shares 203,200

TS purchase (26,416)

dividends paid (12,192)

cash generated from financing activities 164,592

Cash generated for the year: 348,793‬

beginning cash 45,720

ending cash 394,513

3 0

3 years ago

Sunland Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $31

Alinara [238K]

Answer: $15,500

Explanation:

First we calculate the estimated Uncollecteble debt,

= 6% of 310,000

= 0.06 (310,000)

= $18,600

We will then subtract the existing $3,100 to find out how much we will send to the Bad Debt Expense account because the amount already in the account needs to be included in the $18,600.

= 18,600 - 3,100

= $15,500

We will therefore Debit the Bad Debt Expense account with $15,500 and Credit the Allowance for Doubtful Accounts with the same amount.

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5 0

4 years ago

Read 2 more answers

A project will produce an operating cash flow of $136,000 a year for three years. The initial cash outlay for equipment will be

pashok25 [27]

Answer:

NPV =$ 60,311.80

Explanation:

The net present value (NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow

We can set out the cash flows of the project using the table below:

0 1 2 3

Operating cash flow 136,000 136,000 136,000

Initial cost (274,000)

Working capital (61,000 ) 61,000

Salvage value 15000

Net cashflow (335,000) 136,000 136,000 212,000.

PV inflow= (136000)× (1.1)^(-1) + (136,000× (1.1)^(-2) + (112,000)× (1.1)^(-3)

= 395,311.80

NPV =395,311.80 -335,000

=$ 60,311.80

3 0

3 years ago

The process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications, to apply fo

irina1246 [14]

Answer:

recruitment is the correct answer.

Explanation:

Recruitment is a process of hiring and selecting the right and qualified person for a vacant position.

The recruitment process involves selecting a required candidate, sourcing attracting, investigating the job qualifications, screening, analyzing the application, strategy development, evaluation and shortlisting.

The advantages of the Recruitment process are increased applicant quality, increase manager satisfaction and improve employment name.

4 0

4 years ago

Profit is best described as Multiple Choice revenues plus expenses, less taxes. the funds available for business growth, after e

Rudik [331]

Answer:

the funds available for business growth, after expenses and salaries are paid.

Explanation:

Mainly profit is the earnings that calculated after paying all the types of expenses and it could be used for growing the business

So according to the given options the second one is correct as it represent that the profit is the fund that available for the growth of the business after pay off all the expenses

So the same is to be relevant

8 0

3 years ago

Circumstances under which pro-forma invoice may be used​

Circumstances under which pro-forma invoice may be used