Answer:
a) I used an excel spreadsheet since there is not enough room here.
b) $69,000
c) $14,500
d) $14,000
f) $57,800
g) $59,500
Answer:
allowance for uncollectible accounts
Explanation:
The cash budget represents the cash inflow and cash outflow position with respect of cash receipts and cash payments i.e cash disbursement plus it also involves financing needs i.e how much amount is to be borrowed
But it does not involve the allowance for uncollectible accounts as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet
Like
Assets
Current Assets
Account receivable XXXXX
Less: Allowance for uncollectible accounts XXXXX
Net account receivable XXXXX
Answer:
The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.
Explanation:
Pharoah Corporation
Statement of cash flows (extract)
Proceeds from common stock $256,000
Proceed from bond payable $466,000
Dividend paid ($333,000)
Purchase of treasury stock ($45,000)
Net cash flows from financing activities $344,000
Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.
Answer:
d. $7,000.
Explanation:
The computation of the loss recorded due to asset impairment is shown below:
= Book value - fair value
= $35,000 - $28,000
= $7,000
If we consider the building and the patent we see that the estimated cash flows are more than the book value, so no loss on impairment should be taken place
Therefore, only $7,000 should be recorded as a loss on impairment of the asset
Hello!
I believe the correct answer is: Demand curve.
I hope that was helpful! c:
