If the current market price is $15 on March 31, 2015, find the price/earnings ratio on March 31, 2015.
The Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015:
Sales Revenue, $515,000
Accounts Receivable, beginning balance, $92,000
Accounts Receivable, ending balance, $57,000
Accounts Payable, beginning balance, $43,000
Accounts Payable, ending balance, $27,500
In the operating activities section of the statement of cash flows, what amount will be shown for collections from customers?
Trek Company signed a 9%, 10-year note for $150,000. The company paid $1,900 as the installment for the first month. After the first payment, what is the updated principal balance?