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help in finance question This is a problem about the preparation of:- hat is the cost of giving up (not taking) a cash discounts if
help in finance question
This is a problem about the preparation of:-
hat is the cost of giving up (not taking) a cash discounts if you have the following credit terms:-
a) 2/10; n/30.
b) 4/20; n/90.
c) 5/30; N/180.
31/12/2019 This is a problem about the preparation of:- a) A Statement of Sources & Uses of Funds. B) A Statement of Cash-Flow. Balance Sheets of ABC Corp. 31/12/2018 Assets Cash $2,500.0 Marketable Securities $4,200.0 Acc/ Rec $6,500.0 Inventory $8,400.0 Total C/A $21,600.0 Gross Fixed Assets $45,000.0 Less: Acc/Dep $15,000.0 Net Fixed Assets $30,000.0 Total Assets $51,600.0 Liab & Equities C/Liab:- Acc/Pay $4,600.0 Accruals $800.0 Total C/L $5,400.0 Long-Term Debt Bonds $15,000.0 Comm. Stock $27,000.0 Retained Earnings $4,200 Total Liab. & Equity $51,600.0 $3,800.0 $5,800.0 $7,800.0 $7,600.0 $25,000.0 $63,000.0 $17,500.0 $45,500.0 $70,500.0 $5,700.0 $950.0 $6,650.0 $18,000.0 $37,000.0 $8,850 $70,500.0 ABC's net income for the year 2019 was $7,150.0 and its depreciation expense was $2,500.0Step by Step Solution
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