Answer:
$129,000
Explanation:
The indirect method fir calculating cash flows generally starts with net income and then adds or subtracts depending on the non-cash revenue or expense accounts. I.e. it starts at the end and comes back.
In this case, we are starting with net income and we need to add or subtract the changes in accounts receivable. Since accounts receivable decreased during the year it means that more money was collected increasing the cash flow.
Cash flow = net income + change in accounts receivable = $120,000 + ($40,000 - $31,000) = $120,000 + $9,000 = $129,000
Answer:
Amortize loan woul´d be the best loan
Explanation:
Even though there are no options in the question, the amortize loan coul´d be the best loan, with equal principal payments.
This one is a scheduled periodic payments that are applied to both principal and interests. This one first pays off the relevant interests expense for the period, and then the payment reduces the principal
Answer:
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