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-Analyze the selected not-for-profit’s financial statements to determine if the statements conform to the Financial Accounting Standards Board (FASB) guidance in Financial Statements of Not-for-Profit Organizations. -Explain the selected organization’s use of the three fund categories. -Recommend at least two areas of potential interest to the stakeholder concerning the status of revenue and expenses. -Analyze […]
Question 1 MamboLtd operates a small chain of computer shops. The following trial balance was extracted from the booksof MamboLtd as at 31 December 2020.DebitCredit££Sales213,690Purchases89,280Inventory as at 01 January 202013,020Trade receivablesand payables19,59015,630Delivery expenses2,400Electricityexpenses7,950Salaryexpenses24,750Bad debtexpenses690Allowancefor doubtful debts840Administration expenses7,020Advertising expenses9,720Buildingat original cost90,000 Furniture at original cost24,000 Vehicles at original cost36,000 Accumulated depreciationas at 01 January 2020-Building7,200 Accumulated […]
List the purposes and uses of the statement of cash flows and discuss the three activities that the statement of cash flows depicts.
Why Is Cash So Important? You can probably answer that question from your own experience. It takes cash to pay bills and to generate future income for a business. Businesses, such as Amazon.com, Inc., a retail Web site that sells everything from sporting equipment to household goods, closely monitors cash. Amazon.com is interested in where […]
UNIT VIII-FINANCIAL MANAGEMENT Contrast the three primary categories of cash flows provided in the statement of cash flows. Your response should be at least 250 words in length. You may use only your textbook as source material for your response. All source material must be referenced
