A summary of cash flows for westward travel service for the

Assignment Help Accounting Basics
Reference no: EM13577856

A summary of cash flows for Westward Travel Service for the year ended October 31, 2014, is shown below. Cash receipts: Cash received from customers $247,840 Cash received from additional investment of owner 14,900 Cash payments: Cash paid for operating expenses 198,270 Cash paid for land 51,100 Cash paid to owner for personal use 3,100 The cash balance as of November 1, 2013, was $113,120.

Prepare a statement of cash flows for Westward Travel Service for the year ended October 31, 2014. Use the minus sign to indicate cash outflows, cash payments and decreases in cash.

Reference no: EM13577856

Questions Cloud

Suppose the amount of time it takes a popcorn kernel to : suppose the amount of time it takes a popcorn kernel to pop is normally distributed with a mean of 150 seconds and a
The events x and y are mutually exclusive suppose px 05 : question 1 a sample of 2000 licensed drivers revealed the following number of speeding violations.number of
Assume that the rate holds true today and is constant : during a 36 year period lighting killed 3239 people in the us. assume that the rate holds true today and is constant
Consider n independent flips of a coin having probability : consider n independent flips of a coin having probability p of landing on heads. say that a changeover occurs whenever
A summary of cash flows for westward travel service for the : a summary of cash flows for westward travel service for the year ended october 31 2014 is shown below. cash receipts
Dawling computer systems is considering a project that has : dawling computer systems is considering a project that has the following cash flow data. what is the projects irr? note
The controller peggy kingman is concerned about the : shady lady sells window coverings shades blinds and awnings to both commercial and residential customers. the following
Construct a 95 confidence interval for the population mean : assuming that the population is normally distributed construct a 95 confidence interval for the population mean based
In a one way anova the degrees of freedom for the rows is 6 : in a one way anova the degrees of freedom for the rows is 6 for the columns it is 10 and for error it is 8. how many

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate depreciation expense and book value

On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,000 residual va..

  Show the amount of allowable depreciation

John Marten is a sole proprietor who engages in financial planning for wealthy individuals. He wants his offices to be decorated with rare collections of art as they are investments which should increase in value.

  What will be the average shareholder equity

What will be the Average Shareholder's Equity?

  Ralization should be allocated to alpha

Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash..

  Gain or loss on repossession

At that time, it was estimated that the dining room set could be sold for $2,400 as repossessed, or for $3,000 if the company spent $300 reconditioning it. The gross profit rate on this sale was 70%. The gain or loss on repossession was a

  Journal entry to record the issue of the bond

Hornbeck Company issued 100,000 bonds payable with a 7% interest rate at a price of 97. The journal entry to record the issue of the bond includes what?

  If an accounting manager asks you to delay recording an

question 1 the steps of the operating cycle for a retailer usually take place in which order?1.purchases of merchandise

  Case study of zero company

On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2011 carrying amount in the amortization table..

  What are the common errors and frauds in the personnel and

what are the common errors and frauds in the personnel and payroll cycle? which control characteristic are auditors

  Using the above information and assuming that steady-state

shady sunglasses operates retail sunglass kiosks in shopping malls. below is information related to the company dollar

  Gain on the sale of the equipment

USACo adjusted basis in the equipment is $10,000 on the date of sale. what is the source of the $340,000 gain on the sale of the equipment?

  Expected percent of default for all loans

A small loan company finds 12% of its loans are defaulted for an average of 20% of the loan value. What is the expected percent of default for all their loans?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd