1 800 loans in Pelham

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We can loan up to $500 to Pelham occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.

    This is the question: The comparative balance sheets for Fernandez Fashions, Inc. for December 3, 20x6 and 20x5 appear below. Additional information about Fernandez Fashions operations during 20x6 is as follows: net income, $56,000; building and equipment depreciation expense amounts, $30,000 and $6,000, respectively; equipment that cost $27,000 with accumulated depreciation of $25,000 sold at a gain of $10,600; equipment purchases, $25,000; patent amortisation, $6,000; purchase of patent, $2,000; funds borrowed by issuing notes payables, $50,000; notes payable repaid, $30,000; land and building purchased for $324,000 by signing a mortgage for the total cost; 3,000 shares of $20 par value common stock issued for a total of $100,000; cash dividend paid $18,000; and treasury stock purchased, $15,000. Note: 20x6 (1st #), 20x5 (2nd #) Assets: Cash - $174,120, $54,720 Acc Rec (net) - $204,860 $150,860 Prepaid expenses - $ - $40,000 Land -$50,000, $- Building - $274,000, $ - Accumulated depreciation, building - (30,000), - Equipment - $66,000, $68,000 Accumulated depeciation, equipment - (29,000), (48,000) Patents- $8,000, $12,000 Total assets: $943,760, $553, 360 Liabilities and Stockholder's Equity Accounts Payable - $21,500, $73,500 Notes payable - $20,000, $ - Accrued liabilities (current) - $- , $24,600 Mortgage payable - $324,000 , $- Common stock , $20 par value - $370,000 , $310,000 Paid-in capital in excess of par value, common - $114,400 , $$74,400 Retained earnings - $118,860 , $80,860 Treasury stock - (25,000), (10,000) Total liabilities and stock holder's equity - $943,760 , $553,360 Required: Using the indirect method, prepare a statement of cash flows for Fernandez Fashions Inc. (25 marks). WHAT I DID: Fernandez Fashions, Inc. Statement of Cash Flows As of Decmber 20x6 DR$ CR$ Cash flows from Operating Activities: Net Income 56,000 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 49,000 *Patent Amortisation 6,000 (I'm not sure if this should be here) Changes in Current Operating Assets & Liabilities: Increase in Accounts Receivable (54,000) Decrease Inventory 50,000 Decrease Accounts Payable 52,000 * I think I'm missing one, not sure Net Cash flow from Operating Activities: 159,000 PLEASE TELL Pelham WHERE I WENT WRONG!!!!! :(

    I have done an answer for you and i hope this can helps you. Cash Flow from operating activities Net income $56,000 Adjustment: Depreciation $36,000 Gain on disposal -$10,600 Patent amortisation $6,000 Changes in other accounts A/R -$54,000 Inventory $50,000 Prepaid expenses $40,000 Acc Pay -$52,000 Accrued liabilities -$24,600 Net cash generated $46,800 Cash flow from investing activities Capital expenditures -$25,000 Proceeds of sales $12,600 Purchase of patent -$2,000 Net cash used -$14,400 Cash flow from financing activities Payment of notes payable -$30,000 Proceeds of notes payable $50,000 Proceeds of common stock $100,000 Dividend paid -$18,000 Purchase of treasury stock -$15,000 Net cash generated $87,000 Net cash flow $119,400 Cash b/f $54,720 Cash c/f $174,120

What is the name of the company whose phone number is 1-800-390-2670?

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