Homework Answers
Calculate following
a) Interest income = 14000*7%*8/12 = 653
b) Receivables = 14000+653 = 14653
c) Cash used in investing activities = -14000
d) Interest income = 14000*7%*4/12 = 327
e) Total amount of cash collect = 14000+980 = 14980
f) Cash provided by operating activities = 980
Cash flow from investing activities = 14000
g) Interest income = 980
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Exercise 7-12A Notes receivable-accrued interest LO 7-5 On May 1, Year 1, Benz's Sandwich Shop loaned...
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thank you!
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