Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Answer:
The bottom-up budgeting is a budgeting method where individual departments or business units prepare their own budgets and them send it upwards (to upper management) for approval or modifications.
The main advantage of this budgeting method is that the focus is set on each department's objectives instead of a predetermined amount set by upper management.
Answer:
each payment will for 4,320.60 dollars
Explanation:
First, we will calculate the future value of the 30,000 two years from now
then we calcaualtethe annuity present value of this to know the student payment
timeline:
<---//----/-/-/-/-/-/-/-/-/-/-/->
loan student payments
the loan futre value will be:
30,000 x 1.06^{2} = 33708
Now we calculate an annuity-due which 10 payment being made at 6% discount rate
This will be an annuity-due because today we are receiving the loan and in excatly 2 years form now we will start the payment so it will be at the beginning of the period
Annuity-due formula
PV $33,708.00
time 10 years
rate 0.06 discount rate
PTM = $ 4,320.601