Analyzing the cash flow of the company
The Statement of Cash Flows is sometimes referred to as the "where got, where gone" statement. What does this mean? Discuss the various components of this statement. Why is it so important in analyzing the cash flow of the company?
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A city orders a new compuer for its General Fund at an anticipated cost of $88,000. Its actual cost when received is $89,400. Payment is subsequently made. Give all required journal entries for fund based and government wide financial statements.
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Using the information from part, what would monthly sales in members and dollars have to be to achieve a target net income of $10,000 for the month?
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