Suppose you purchase one share of the stock of Cereal Correlation Company at the beginning of year 1 for $50. At the end of year
1 answer:
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Answer:
IKIBAN INC.
Statement of cash flow using indirect method for
the year ended June 30, 2019
Particulars Amount $
Cash flow from operating activities
Net Income 145,510
<em>Adjustments to reconcile net income to net</em>
<em>cash provided by operating activities </em>
<u>Adjustment for non cash effects</u>
Depreciation 81,600
Gain on sale of equipment -4,300
<u>Change in operating assets & liabilities</u>
Increase in accounts receivable -25,500
Decrease in inventory 34,200
Decrease in prepaid expenses 3,300
Decrease in accounts payable -16,500
Decrease in wages payable -11,300
Decrease in income taxes payable <u>-2,700 </u>
Net cash flow from operating activities (A) 204,310
Cash Flow from Investing activities
New equipment purchased -80,600
Equipment sold <u>12,300</u>
Net cash Flow from Investing activities (B) -68,300
Cash Flow from Financing activities
Cash dividends paid -162,310
($31,000 + $145,510 - $14,200)
Common stock issued 83,000
Notes payable paid <u>-30,000</u>
Net cash Flow from Financing activities (C) -109,310
Net Change in cash = A+B+C $26,700
($204,310 - $68,300 - $109,310)
Beginning cash balance <u>$67,000</u>
Closing cash balance <u> $93,700</u>
Answer:
$5,178.09
Explanation:
Data provided in the question:
Principle amount, P = $5,000
Interest rate, r = 5.25%
Duration, t = 8 months = years = 0.67 years
Now,
A =
Here,
A = total amount
P = principal or amount of money deposited,
n = number of times compounded per year i.e 365 for daily
t = time in years
Thus,
A = $5,000 ×
= $5,000 ×
= $5,000 × 1.035618
= $5,178.09
Hence,
the correct answer is option $5,178.09