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Question - During March 2018, Premier began the month with $8,942 in cash, had revenues of $110,000, paid salaries of $80,000 to its web designers, had operating expenses of $14,400, depreciation of $1,500 on its computer systems, and made estimated tax payments of $2,961.
Required -
a. Prepare a profit and loss statement.
b. Prepare a cash flow statement.
C. Discuss why net profit does not equal net cash flow for the month.
A total of 550 direct labor hours was required for the production of the mirrors. Direct labor is variable and costs $10 per hour
That is, the stated interest agreed on the loan) of the loan is 3.2% per year, what is the monthly payment if you're intended to have the loan for 6 years
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