Business, 21.02.2022 14:00 kimberlywhite19
Mike owns a skate shop. He is preparing the cash flow statement for his first year of operation. He had a beginning cash balance of $4,800, $103,000 in total cash sales, $3,500 for utilities, $2,600 in loan payments, and $5,500 for marketing cost. What is Mike's ending cash balance?
FORMULA
Ending Cash Balance = Beginning Cash + Cash Inflow – Cash Outflow
Answers: 1
Another question on Business
Business, 21.06.2019 13:10
Orange corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. today, the market interest rate on these bonds is 5.5%. what is the current price of the bonds, given that they now have 19 years to maturity?
Answers: 3
Business, 22.06.2019 06:30
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
Business, 22.06.2019 11:00
The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
Answers: 2
Business, 22.06.2019 17:20
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
Answers: 1
You know the right answer?
Mike owns a skate shop. He is preparing the cash flow statement for his first year of operation. He...
Questions
Computers and Technology, 11.01.2020 02:31
