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Prepare Cash flow statement using indirect method showing necessary calculations. The company received 50% receivables. The expenses for the current month: salaries 8000 , wages
Prepare Cash flow statement using indirect method showing necessary calculations.
The company received 50% receivables. The expenses for the current month: salaries 8000 , wages 10000 \$, rent of the production area 1500 \$, trade area 800$, utilities for the trade area 200$, production area 500$. Used in the production all the raw materials, was prepared a readymade production, and sold 80% of it with 50% mark-up. Customers paid 20% in cash. Depreciation expenses for car 300$ (car is used for admin needs) per month, for equipment 400\$. Company recognized 30\% of uneamed revenue for current month. Tax from sales is 6%. Owner withdrawn 3000$ for his needs. All the expenses and taxes are paid out at the end of the month. The company received 50% receivables. The expenses for the current month: salaries 8000 , wages 10000 \$, rent of the production area 1500 \$, trade area 800$, utilities for the trade area 200$, production area 500$. Used in the production all the raw materials, was prepared a readymade production, and sold 80% of it with 50% mark-up. Customers paid 20% in cash. Depreciation expenses for car 300$ (car is used for admin needs) per month, for equipment 400\$. Company recognized 30\% of uneamed revenue for current month. Tax from sales is 6%. Owner withdrawn 3000$ for his needs. All the expenses and taxes are paid out at the end of the monthStep by Step Solution
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