The supporting document portion of your business plan should contain r sum s of the owners, letters from lenders, and
2 answers:
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Answer:
The amount in 23 years will be A = $4697.17
Explanation:
Using the Formula
A = P(1 + r/n)
Where:
A deposit of (Principle) $800
Interest Rate =8% or 0.08
Compounded annually (t) = 1
Number of years (n) = 25-2 = 23 years
Applying the figures into the formula:
A = 800(1 + 0.08/1)
A = 800(1 x 0.08)
A = 800(1.08)
A = 800(5.8715)
A = $4697.17
Answer:
Net Cash provided by Operating Activities = $13,000
Explanation:
Rodriguez Company
Statement of Cash flow(Partial)
Cash flows from operating activities Amount
Net Loss $(6,920)
Add: Depreciation $7,600
Add: Increase in Salaries Payable $11,200
Add: Decrease in Accounts receivable $6,400
Add: Amortization of Copy Rights $220
Less: Decrease in Other accrued $(5,500)
liabilities
Net Cash provided by Operating $13,000
Activities
Workings
Accounts receivable decrease = $15,600 − $9,200
Accounts receivable decrease= $6,400
Salaries payable increase = $13,600 − $2,400
Salaries payable increase= $11,200
Other accrued liabilities decrease = $1,300 − $6,800
Other accrued liabilities decrease = - $5,500
