Answered step by step
Verified Expert Solution
Question
1 Approved Answer
24. Palascak Company's cash balance at year end - December 31, 2015 was $165,000. Calculate the company's cash balance at year end - December 31,
24. Palascak Company's cash balance at year end - December 31, 2015 was $165,000. Calculate the company's cash balance at year end - December 31, 2016, given the following information for the fiscal year ended December 31, 2015 Use the indirect method Net Income Depreciation and Amortization Increase in Accounts Receivable Decrease in Inventory Increase in Accounts Payable Net Cash Flows from Investing Activities Net Cash Flows from Financing Activities $370,000 98,000 14,000 25,000 20,000 133,000 (600,000) 25. Calculate the interest on a 10% note payable of$20,000, outstanding for 90 days (3 months)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started