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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Panoramic Inc. had a beginning balance of $3,200 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3,600. During the period, Panoramic recognized $50,000 of revenue on account. Panoramic’s Salaries Payable account has a beginning balance of $2,300 and an ending balance of $900. During the period, the company recognized $39,500 of accrued salaries expense.
Â
What is
Â
Net income?
Â
Net cash flow from operating activities?
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