If you need cash now, we offer fast payday loans up to $1000. The process takes less than 3 minutes.
Payday advance types of loans usually require the entire amount to be repaid on the next pay period. No credit or faxing needed for loans under $1000. Bad credit OK! Instant Decision; you can start today and have the cash you need quickly
We are an immediate loan specialist in Phenix City, and we are quicker and more advantageous than run of the mill retail facade banks since we're based on the web and are open constantly. No compelling reason to sit tight for "ordinary business hours" or invest energy flying out to the store — our short application can be finished in not more than minutes. You can even apply from a cell phone while you're in a hurry!
We can loan up to $500 to Phenix City 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.
The following comparative balance sheets and income statement are available for Little Bit Inc. Prepare a statement of cash flows for 2009 using the indirect method and analyze= the statement December 31, 2009 2008 Cash $ 40,000 $ 24,000 Accounts receivable (net) 48,000 41,500 Inventory 43,000 34,500 Prepaid expenses 19,000 15,000 Total Current Assets $ 150,000 $ 115,000 Plant and equipment $ 67,000 $ 61,000 Less accumulated depreciation (41,000) (23,000) Plant and equipment (net) $ 26,000 $ 38,000 Long-term investments 90,000 89,000 Total Assets $ 266,000 $ 242,000 Accounts payable $ 13,000 $ 11,000 Accrued liabilities 55,000 71,000 Total Current Liabilities $ 68,000 $ 82,000 Long-term debt 25,000 8,000 Deferred taxes 4,000 3,500 Total Liabilities $ 97,000 $ 93,500 Common stock ($1 par) and additional paid-in capital 112,000 97,000 Retained earnings 57,000 51,500 Total Liabilities and Equity $ 266,000 $ 242,000 Income Statement for 2009 Sales $155,000 Cost of goods sold 83,000 Gross profit $ 72,000 Selling and administrative $45,700 Depreciation 18,000 63,700 Operating Profit $ 8,300 Interest expense 2,000 Earnings before tax $ 6,300 Tax expense 800 Net income $ 5,500
Indirect Method Cash Flow Statement Cash flows from operating activities Net income $5,500 Adjustments for: Depreciation 18000 Increase in Phenix City (6500) Increase in inventories (8500) Increase in prepaid expenses (4000) Increase in AP 2000 Decrease in accrued liabilities (16000) Increase in deferred taxes 500 Net cash from operating activities (9000) Cash flows from investing activities Acquisition of Investments (1000) Purchase of property, plant and equipment (6000) Net cash used in investing activities (7000) Cash flows from financing activities Proceeds from issue of share capital 15000 Proceeds from long-term debt 17000 Net cash used in financing activities 32000 Net increase in cash and cash equivalents 16000 CCE at beginning of period 24000 CCE at end of period 40000
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