Business, 24.09.2020 02:01, superkitty003
During Year 6, Kincaid, Inc. earned $85,000 of cash revenue. The company incurs all operating expenses on account. The Year 6 beginning balance in Kincaid's accounts payable account was $2,000, while the ending balance was $25,000. The Company made cash payments of $40,000 to reduce accounts payable during Year 6.a. Based on the information provided, determine the amount of operating expenses recognized during the accounting period. b. Based on the information provided, determine the amount of net income earned during the accounting period. c. Based on the information provided, determine the amount of cash flow from operating activities.
Answers: 2
Business, 22.06.2019 14:00, tamariarodrigiez
How many months does the federal budget usually take to prepare
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Business, 22.06.2019 14:20, kevinglvz
Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?
Answers: 1
Business, 22.06.2019 18:00, firesoccer53881
If you would like to ask a question you will have to spend some points
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During Year 6, Kincaid, Inc. earned $85,000 of cash revenue. The company incurs all operating expens...
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