Answer:
Net Cash flow from operating $2,723,500
Explanation
<em>To determine the net cash flow from operating activities. We will adjust the net income as follows; all decrease in assets and increase in liabilities are added and all increase in assets and decrease in liabilities are subtracted</em>
Larkspur Company 2020
Cash flow from operating activities
$
Net Income 2,400,000
Adjustments:
Add depreciation expense 505,000
increase in receivable (480,500)
Increase in payables <u> 299,000 </u>
Net Cash flow from operating <u> 2,723,500</u>
Note
All decrease in assets and increase in liabilities are added. All increase in assets and decrease in liabilities are subtracted.
Answer:
58
Explanation:
In this question we use the NPER function that is shown in the excel spreadsheet
Given that,
Present value = $0
Future value or Face value = $26,182
PMT = $400
Rate = 5% ÷ 12 months = 0.41666%
The formula is shown below:
= NPER(RATE,PMT,-PV,FV,type)
The PMT come in negative
So, after solving this, the number of payments is 58
Answer:
csh used for operatng activities 1,600
Explanation:
the operatng activities will be the cash outflow for business day-to-day operation
the rent is an operational cost, as the rented space is used daily for the business.
the workers salaries are operating activities, they work and provide their work to make the business operate
The equipment is an investment activity. the equipment will generate cash over the course of his useful life, is an investing activity. It decreases cash now, to increases in the future.
The Loan is a financing activity, the company is paying a loan which in a previous period provide cash.
So, total operating activities:
rent 500
salaries 1,100
total 1,600
The total amount payable is $4,025.
(One point equals one percent of the loan amount. 3.5% of $115,000 is three and a half points, or $115,000 x.035 = $4,025. (one and a half and two).
Lender
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Answer:
The correct answer is D
Explanation:
ARO stands for Asset retirement obligations, it is a legal obligation which is linked or associated with the retirement of the tangible as well as long lived asset in which the method of the settlement could be conditional on the future event.
So, these are the liabilities linked with the long term asset restoration, evaluated at the fair value in the balance sheet and also increase the balance in the related account of asset.
