Answer:
(a1) $761,000
(a2) $504,000
(a3) $793,000
Explanation:
(a-1) Amount of net sales reported as revenue in the income statement:
= Cash sales + Credit sales
= $289,000 + $472,000
= $761,000
(a-2) Amount of cash received from collecting accounts receivable:
= Credit sales + Decrease in accounts receivable
= $472,000 + $32,000
= $504,000
(a-3) Amount of cash received from customers:
= Cash sales + Amount of cash received from collecting accounts receivable
= $289,000 + $504,000
= $793,000
Answer:
$220,000
Explanation:
Calculation to determine How much income from self-employment did Samuel earn from STU
Using this formula
Income from self-employment =Guaranteed payment received+(Interest rate*Ordinary income)
Let plug in the formula
Income from self-employment=$120,000+(25%*$400,000)
Income from self-employment=$120,000+$100,000
Income from self-employment=$220,000
Therefore the amount of income from self-employment that Samuel earn from STU is $220,000
Answer:
It will cost $17.60 in 25 years based on inflation
Explanation:
Answer:
- $4,000
- $1,000
Explanation:
1. Financing Cashflows relate to cash spent or received for the capital used in the company. These include Equity, Long term borrowings and dividends. Interest payments go to the Operating Cashflow and investments go to the Investing cashflow.
Financing Cashflow is;
= Inflow - Outflow
= +20,000 - 16,000
= +$4,000
2. Investing Cashflows related to cash spent or received from fixed assets as well as the securities of other companies. Cash collections does not fall here but rather under Operating cashflows along with depreciation.
Investing Cashflow is;
= Inflow - Outflow
= +6,000 - 5,000
= $1,000
