Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 11.00

promissory note

Hi, i have a problem with my statement of cash flow, I did all the work but I just can not seem to find the "cash at beginning of year" part. Does anyone know how to calculate this? Here is the question: Ohio Enterprises was organized on January 1, 2010, with the investment of $370,000 in cash by its stockholders. The company immediately purchased a manufacturing facility for $300,000, paying $125,000 in cash and signing a five-year promissory note for the balance. Ohio signed another five-year note at the bank for $50,000 during 2010 and received cash in the same amount. During its first year, Ohio collected $305,000 from its customers. It paid $185,000 for inventory, $30,100 in salaries and wages, and another $40,000 in taxes. Ohio paid $4,000 in cash dividends.

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Maurice Tutor
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Status NEW Posted 17 Aug 2017 11:08 PM My Price 11.00

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