Answer:
$68,000
Explanation:
The long-term note payable is a debt that is formally established through a written agreement. An example of long-term note payable is a bank loan.
When the principal and the interests of a long-term note are paid, they represent Cash outflows from the business and are recorded in the Cashflow Statement. However, their treatments are different. Another way to put it is that they bring a reduction in the cash of the organisation.
The $68,000 principal amount paid is an outflow from the company that is recorded in the financing activity section of the Cash Flow Statement
The Interest of $5,440 is also an outflow from the business but it is reported in the operating activity section of the Cash Flow Statement. The reason for its report is that it is actually reported in the Organisation's Statement of Income as an expense for the year. It, therefore, qualifies as an operating activity expense or outflow.
Answer:
Direct Method
Operting Activities
$1,390 Cash Collected from Services
-$7,864 Cash to rent Equipment
-$0,864 Cash to repair facilities
$24,285 Collected from customers
Financing Activities
-$0,150 Repaid Long Term
$16,797 Net Cash
Explanation:
These others activities are not included because doesn't inclulde movements of cash.
(2) Purchased new equipment costing $3,434; signed a long-term note.
Answer:
unlock the user cells and then protect the worksheet
Explanation:
In order for Ruth's husband, Barret not to alter other cells of the worksheet files, she has to unlock the user cells and then protect the worksheet.
By unlocking the user cells and protecting the work sheet, she has prevented her husband, Barret from making a change to other cells of the worksheet.
A worksheet refers to a sheet of paper on which one performs work. The worksheet Ruth used in he home office is the computer based work sheet (software) where she keeps records of her business transactions.
