Answer:
Statement of Cash Flows
Cash from operating activities
Net Income $24,000
Adjustments to reconcile net income with
net cash flow from operating activities:
Depreciation 12,000
Increase in accounts receivable (10,000)
Decrease in inventory 16,000
Salaries payable increase <u> 1,000 $19,000</u>
Net cash flow : Operating activities $43,000
Answer:
B) $5,000
Explanation:
Cypress total bill is $1,000,000. Since a foreign bank is going to provide them a service (the acceptance of payment) it will charge them 1.4% per year or 0.7% for thee six month period.
That means that Cypress will collect $1,000,000 x (1 - 0.7%) = $993,000
If Cypress decides to sell the bankers acceptance at a 1% annual fee, he will lose an additional 0.5% for the 6 month period = $930,000 x 0.5% = $4,965. Apparently we have to round to the nearest thousand ≈ $5,000
On the standard Monopoly board free parking is diagonally opposite of ‘go’.
