A-Design Inc., a federally incorporated company in Canada, specialized in the design and manufacturing of armrests for the wheelchair industry plans to produce and sell 15,000 armrests at $50 per unit in its third year of operation, to spend $20,000 for marketing campaigns, $100,000 for electricity consumption, $240,000 for salaries, $300,000 for production materials, $20,000 for overhead, $24,000 for rent and $10,000 for depreciation cost. A-Design has a debt of $100,000 at an annual simple interest rate of 5% and a 25% income tax rate. 4. For the month of January 2017, A-Design Inc. reported the following financial data in its journal: $100,000 in sales, $10,000 as loan received, $2,000 for rent, $75,000 for production materials, $2,000 for marketing, $20,000 in salaries and $10,000 for electricity. Produce a cash flow statement for A-Design Inc. for January 2017
A-Design Inc., a federally incorporated company in Canada,
specialized in the design and manufacturing of armrests for
the wheelchair industry plans to produce and sell 15,000
armrests at $50 per unit in its third year of operation, to
spend $20,000 for marketing campaigns, $100,000 for
electricity consumption, $240,000 for salaries, $300,000 for
production materials, $20,000 for overhead, $24,000 for rent
and $10,000 for
$100,000 at an annual simple interest rate of 5% and a 25%
income tax rate.
4. For the month of January 2017, A-Design Inc. reported the following
financial data in its journal: $100,000 in sales, $10,000 as loan
received, $2,000 for rent, $75,000 for production materials, $2,000 for
marketing, $20,000 in salaries and $10,000 for electricity. Produce a
cash flow statement for A-Design Inc. for January 2017.
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