🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
HomeStudy Guides420,000CA160,000

AFM274 Study Guide - Final Guide: Accounts Receivable, Corporate Bond, Vale Limited

60 views3 pages
lemonbeetle804
13 Aug 2018
School
University of Waterloo
Department
Accounting & Financial Management
Course
AFM274
Professor
Tu Nguyen

For unlimited access to Study Guides, a Grade+ subscription is required.

Document Summary

L r e = r u + d/ e * ( r u r d) T h e a m o u n t r a i s e d i s 5 * 2 0 * 0 . 9 3 = $ 9 3 m . T h e t m v i s 1 5 * 5 0 = $ 7 5 0 m . 7 0 5 0 ) * 1 0 = 1 5 7 m . 2 a n d a n r e o f 1 2 . 5 0 a n d a f o r w a r d p / e o f 1 4 . T h e a m o u n t o r r o w e d i s 4 0 % * $ 2 1 = $ 8 . 4 0 p e r o l d s h a r e .

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents

AFM274 Chapter Notes - Chapter 18: Tax Shield, Capital Structure
lemonbeetle804
AFM274 Chapter Notes - Chapter 21: Tax Shield, Cash Flow, Full-Time Equivalent
lemonbeetle804
FIN 311
Final Exam
Study Guide
FIN 311 Midterm: Formula Sheet Exam 2, Ch 7 8 9
ceriseclam244

Related Questions

Question 1 of 25

You are planning to deposit $1,000 in a savings account. Account A compounds semiannually while account B compounds monthly. If both accounts have the same quoted annual rate of interest, you should choose _______________.

A. either account since both quote the same rate of interest

B. account A because it has a higher APR

C. account A because it has a higher EAR

D. account B because it is compounded more often

Question 2 of 25

You are evaluating two annuities. They are identical in every way, except that one is an ordinary annuity and the other is an annuity due. Which of the following is FALSE?

A. The ordinary annuity must have a lower future value than the annuity due.

B. The ordinary annuity must have a higher present value than the annuity due.

C. The two annuities will differ in present value by the amount (1+r).

D. The annuity due and the ordinary annuity will make the same number of total payments over time.

Question 3 of 25

What is the total present value of $80 received in one year, $300 received in two years, and $700 received in six years if the discount rate is 7%? Note: There is no direct formula for this kind of PV computation other than the basic equation, PV = FV/(1+r)t. 0 1 2 3 4 5 6 |-----------|----------|----------|----------|----------|---------| PV=? $80 $300 $700

A. $582.72

B. $681.68

C. $757.25

D. $803.24

Question 4 of 25

You need to borrow $23,000 to buy a car. The current loan rate is 7.9% APR compounded monthly and you want to pay the loan off in equal monthly payments over 5 years. What is the correct computation to find your monthly payment (C)?

A. C = $23,000 [PVIFA(7.9%/12, 60)]

B. $23,000 = C [1 - (1/1.0795)] / .079

C. $23,000 = C [1 - (1 /1.0065860)] / .00658

D. C = $23,000 [1 - (1/1.07960)] / .079

Question 5 of 25

The monthly mortgage payment on your house is $821.69. It is a 30-year mortgage at an APR of 6.5% compounded monthly. How much did you borrow? Note: PVIFA(r, t) = [1 – 1/(1+r)t] / r, and of course, you can use your calculator here.

A. $100,000

B. $115,000

C. $130,000

D. $140,000

Question 6 of 25

You just won the lottery and you are given two choices for your prize money: (1) A present lump sum of $20 million or (2) $1 million per year that you and your heirs will receive forever, beginning one year from now. If the appropriate interest rate is 5%, which should you choose and why? Note: PV of a perpetuity = C/r

A. Either, because both have the same present value.

B. (1) because it has a higher present value.

C. (2) because it has a higher present value.

D. (2) because it has a higher future value.

Question 7 of 25

What is the effective annual rate of 6% compounded quarterly? Note: EAR = (1 + APR/m)m – 1.0, where m is the number of compoundings in a year.

A. 6.00%

B. 6.14%

C. 7.50%

D. 24.00%

Question 8 of 25

At the end of each year for the next 8 years you will receive cash flows of $500. The initial investment is $2,500. Which of the following is the correct equation to find the rate of return (r) you are expecting from this investment?

A. $2,500 = $500 [1/(1+r)8 – 1] / r

B. $500 = $2,500 [PVIFA(r%,8)]

C. $500 = $2,500 [FVIFA(r%,8)]

D. $2,500 = $500 [1 – 1/(1+r)8] / r

Question 9 of 25

Consider the following cash flow stream. What is the correct way to find the present value of this cash flow stream at a 10% discount rate? 0 1 2 3 4 5 6 7 8 9 10 |----------|----------|----------|----------|----------|----------|---------|----------|----------|----------| PV=? $35 $35 $35 $35 $35 $35 $20 $20 $20 $20

A. PV = 35 [PVIFA(10%, 6)] + 20 [PVIFA(10%, 4)]

B. PV = 20 [PVIFA(10%, 10)] + 15 [PVIFA(10%, 6)]

C. PV = 35 [PVIFA(10%, 10)] – 15 [PVIFA(10%, 4)]

D. PV = 35 [PVIFA(10%, 6)]/(1.10)6 + 20 [PVIFA(10%, 4)]

Question 10 of 25

You plan to amortize your $10,000 loan by making five equal payments over the next 5 years. The interest rate is 5% compounded annually. What number should appear in (A) of your amortization table below? Note: PVIFA(5%, 5)=4.3295.

Beginning Ending Year Loan Balance Payment Interest Principal Loan Balance

----------------------------------------------------------------------------------------------

1 $10,000 xxxx xxx xxx xxxx

2 ( A ) xxxx xxx xxx xxxx

3 xxxx xxxx xxx xxx xxxx

4 xxxx xxxx xxx xxx xxxx

5 xxxx xxxx xxx xxx 0

A. $8,457.12

B. $8,190.26

C. $7,690.26

D. $6,809.74

Question 11 of 25

The rate of return required by investors for owning a bond to its maturity is called the

A. coupon rate.

B. current yield.

C. dividend yield.

D. yield to maturity.

Question 12 of 25

Which of the following statements regarding bond terminologies is INCORRECT?

A. The written, legally binding agreement between the corporate borrower and the lender detailing the terms of a bond issue is called the indenture.

B. The unsecured long-term debts of a firm are commonly called debentures.

C. An agreement giving the bond issuer the option to repurchase the bond at a specified price prior to maturity is called the zero provision.

D. A special account that sets aside periodic payments for bond redemption is called a sinking fund.

Question 13 of 25

Which of the following statements regarding bond trading is INCORRECT?

A. The long-term bonds issued by state and local governments in the United States are called municipal bonds.

B. The long-term bonds issued by the U.S. government are called Treasury Bills.

C. A bond that makes no coupon payments (and thus is initially priced at a deep discount) is called a zero coupon bond.

D. The price a dealer is willing to pay for a security is called the bid price.

Question 14 of 25

Which bond would most likely possess the least degree of interest rate risk?

A. 8% coupon rate, 12 years to maturity

B. 8% coupon rate, 15 years to maturity

C. 10% coupon rate, 10 years to maturity

D. 12% coupon rate, 8 years to maturity

Question 15 of 25

What is the value of a bond that will pay a total of 50 semiannual coupons of $80 each over the remainder of its life? The yield to maturity is 12%, p.a. Note: B = C [{1 – 1/(1+y)t}/y] + F /(1+y)t. Be careful about specifying t and y for this semiannual bond.

A. $ 734.86

B. $ 942.26

C. $1,135.90

D. $1,315.24

Question 16 of 25

Dizzy Corporation’s 10-year semiannual bond bearing a coupon rate of 12% is currently selling for $950. Given this information, which of the following is the correct valuation equation for this bond?

A. B = 120 [PVIFA(12%, 10)] + 1,000 [PVIF(12%, 10)]

B. $950 = 60 [PVIFA(r/2, 20)] + 1,000 [PVIF(r/2, 20)]

C. $950 = 120 [PVIFA(r, 10)] + 1,000 [PVIF(r, 10)]

D. B = 60 [PVIFA(6%, 20)] + 1,000 [PVIF(6%, 20)]

Question 17 of 25

To find the yield-to-maturity of the bond in Question #16 by trial and error, which number (as a semiannual YTM) should you pick as your first try?

A. 5%

B. 6%

C. 7%

D. Any number (like one of your favorite lotto numbers).

Question 18 of 25

George bought an investment one year ago and just calculated his return on investment. He found that his purchasing power has increased by 15% as a result of his investment. If the inflation over the period was 4%, his _______________. Note: (1+R) = (1+r)(1+h), but you don’t need calculation here.

A. real return on investment is more than 15%

B. nominal return on investment is more than 15%

C. nominal return on investment is 11%

D. real return on investment is equal to 4%

Question 19 of 25

Which statement is INCORRECT given the following Treasury quotes? Maturity Coupon Bid Ask(ed) Chg Ask(ed) Yld ---------------------------------------------------------------------------------------- 5/15/2030 6.250 150.7188 150.7500 .8906 2.713

A. The amount of each coupon on this bond is $31.25.

B. The ask(ed) price is $1,507.50.

C. The dealer is willing to sell this bond to you for 150.7188% of par.

D. This bond’s ask(ed) price rose by $8.906 (i.e., eight dollars and 90+ cents) from the previous trading day.

Question 20 of 25

Which of the following statements regarding stock trading is INCORRECT?

A. Stock that has priority for dividends and bankruptcy liquidation is called priority equity.

B. The short alphabetic abbreviation for an exchange-listed stock by which the issue is identified in the market is called the stock's ticker symbol.

C. Capital gains yield is the rate of return based on the stock price increase.

D. Proxy voting is the voting procedure where shareholders grant authority to another individual to vote their shares.

Question 21 of 25

What would you pay for a share of ABC Corporation stock today if the next dividend will be $3 per share, your required return on equity investments is 15%, and the stock is expected to be worth $90 one year from now? (Remember the stock price today is the PV of its future cash flows, i.e., dividends and the future stock price, properly discounted)

A. $75.00

B. $78.26

C. $80.87

D. $90.00

Question 22 of 25

A preferred stock that pays a constant dividend of $1.50 currently sells for $10.71. What is the required rate of return? Note: P0 = D/R for a preferred stock.

A. 14%

B. 13%

C. 12%

D. 10%

Question 23 of 25

A stock with a constant dividend growth rate of 5% is expected to make a $2 dividend in one year. If you require a 12% return on your investment, which of the following statements is INCORRECT? Note: P0 = D1/(R–g) or R = (D1/P0) + g.

A. The current stock price is $28.57.

B. The dividend yield is 7%.

C. The capital gains yield is 12%.

D. The stock price will grow at an annual 5%.

Question 24 of 25

McIver, Inc. currently pays a $2 annual dividend. Investors believe that dividends will grow at 20% next year, 12% for the following year, and 6% annually thereafter. The required return is 10%. What is the current price of the stock?

A. $63.27

B. $60.80

C. $58.71

D. $54.90

Question 25 of 25

Which statement is INCORRECT given the following stock quotes? Prev Close 44.34 Day’s Range 43.45 – 44.37 Bid 44.01 x 1,200 Volume 908,587 Ask 44.02 x 400 P/E 17.26 Beta 2.4 EPS 2.55 Market Cap 10.11B Div & Yield 0.50 (1.10%)

A. At this point someone was willing to buy 1,200 shares of this stock for $44.01 a share.

B. The yield-to-maturity for this stock is 1.1%.

C. On this trading day so far 908,587 shares changed hands.

D. The total value of this company’s stock is (about) $10,110 million.

2.Alpaca Corporation had revenues of $295,000 in its first yearof operations. The company has not collected on $19,800 of itssales and still owes $27,900 on $95,500 of merchandise itpurchased. The company had no inventory on hand at the end of theyear. The company paid $13,600 in salaries. Owners invested $18,500in the business and $18,500 was borrowed on a five-year note. Thecompany paid $4,600 in interest that was the amount owed for theyear, and paid $8,600 for a two-year insurance policy on the firstday of business. Alpaca has an effective income tax rate of8%.
Compute the cash balance at the end of the first year for AlpacaCorporation.

A. $203,640

B. $215,640

C. $183,640

D. $194,640

3.

Listed below are several transactions that tookplace during the first two years of operations for the law firm ofPete, Pete, and Roy.

Year 1 Year 2
Amounts billed to customers for services rendered $ 180,000 $ 230,000
Cashcollected from customers 155,000 185,000
Cashdisbursements:
Salaries paid toemployees for services rendered during the year 85,000 95,000
Utilities 27,500 35,000
Purchase of insurancepolicy 58,500 0


In addition, youlearn that the company incurred utility costs of $32,500 in year 1,that there were no liabilities at the end of year 2, no anticipatedbad debts on receivables, and that the insurance policy covers athree-year period.


Required:
1.

Calculate the net operating cash flow for years1 and 2. (Net cash outflowsshould be indicated by a minus sign.)

}""":ontiipcres_dab"t},:{2"p6"_],[0":67_p,"llnu":51_p,"llnu":26_p,"{}":32_p,"seal:f2"p4"_1,:-0"p5"_1,:-4"p2"_1,:-1"p3"_0,":p5"_0,":p4"_e,lsfa":48_p,"llnu":37_p,"}]94:37"p7"_4,:84"p3"_[{":23_p,"uetr":45_p,"e"tlTiw%20Ne:"e"am"n],e}lsfa":47_p,":24"p5"_],:[3"p3"_},0"10:"2""c",00"1":c1,"2"15:"0""c:{9"p1"_},3""2":"1",23:"0"{"":59_p,"]]}}e"nspoes%20rermbNulety"s":p7"_",r12__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,"uetr":63_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"6)(1~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~15z(-~:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}:"7"_p,"1"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"w"lo%20fshcag%20inateropt%20Ne:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"2"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%201arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":28"p5"_[{":65_p{" e}ru:td"rewenssA"i",:"n"ioptriscdeb_ta,"{}":62_p,"0]:[7"p6"_l,ul:n1"p5"_l,ul:n6"p2"_},:{2"p3"_e,lsfa":42_p,"-1":50_p,"-1":24_p,"-1":31_p,":05"_p,":04"_p,"seal:f8"p4"_},:{7"p3"_],4}39":77_p,"84":34_p{":[3"p2"_e,ru:t5"p4"_",leit%20Tew"N":mena,"}]seal:f7"p4"_2,":54_p,"[]":33_p,""}00"1":c2,"0"10:"1""c",52"1":c0{"":19_p,""}23:"1","3""2":"0:{9"p5"_],}]"}seonsprer%20beumeNylst:"7"_p,"1"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~16z("~":75_p{"":56_p,""}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~15z(-~:"5"p7"_:{6"p5"_},""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}1"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"w"lo%20fshcag%20inateropt%20Ne:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"2"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%201arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":28"p5"_[{":65_p{" Year 1 Year 2

Net Operating Cash flow

2.

Prepare an income statement for eachyear according to the accrual accounting model.

Income Statements:

Year 1 Year 2

Revenues

Expenses:

Salaries

Utilities

Insurance

Net Income (loss)

"}:"n"ioptriscdeb_ta,"{}":62_p,"0]:[7"p6"_l,ul:n1"p5"_l,ul:n6"p2"_},:{2"p3"_e,lsfa":42_p,"-1":50_p,"-1":24_p,"-1":31_p,":05"_p,":04"_p,"seal:f8"p4"_l,ul:n7"p3"_],0}39":77_p,"45:24"p3"_[{":23_p,"uetr":45_p,"e"tlTiw%20Ne:"e"am"n],e}lsfa":47_p,"10":54_p,"[]":33_p,""}00"1":c2,"0"10:"1""c",48"1":c0{"":19_p,""}23:"8","3""2":"7",23:"6","3""2":"5",23:"4","3""2":"3",23:"2","3""2":"1",23:"0"{"":59_p,"]]}}%3B"0),%20%2000,b(rge%20blou%20dpx%203m:toot-berrdbo:"8"_p,"e"nspoes%20rermbNulety"s":p7"_",r82__cllce0_leab_t"0":38_p,"}}"}px"3":77_p,"e"blou"d":64_p,"0"0000%230:"5"p1"_:{2"p1"_},x"1p:"7"p7"_",idol"s":64_p,"0"0000%230:"5"p1"_:{2"p7"_:{1"p1"_",htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~18z("~":75_p{"":56_p{"":p2"_:{0"p2"_,{}}%3B"0),%20%2000,b(rge%20blou%20dpx%203m:toot-berrdbo:"8"_p,"e"nspoes%20rermbNulety"s":p7"_",r81__cllce0_leab_t"0":38_p,"}}"}px"3":77_p,"e"blou"d":64_p,"0"0000%230:"5"p1"_:{2"p1"_},x"1p:"7"p7"_",idol"s":64_p,"0"0000%230:"5"p1"_:{2"p7"_:{1"p1"_",htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~17z("~":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B0p%203t:ennd-ixtte:"8"_p,"8"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"30":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",s)os(le%20omnc%20iet"N":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"0),%20%2000,b(rgd%20lisox%201p:%20omttbor-deor"b":p8"_",seonsprer%20beumeNylst:"7"_p,"7"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":80_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~14z(-~:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"})%3B%2000,,%20(0gb%20ridol%20spx%201m:toot-berrdbo:"8"_p,"e"nspoes%20rermbNulety"s":p7"_",r71__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"4)(1~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B5p%201t:ennd-ixtte:"8"_p,"7"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"15":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",ceanurns"I":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}e"nspoes%20rermbNulety"s":p7"_",r62__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"3)(1~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}e"nspoes%20rermbNulety"s":p7"_",r61__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"2)(1~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B5p%201t:ennd-ixtte:"8"_p,"6"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"15":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",estiliti"U":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}e"nspoes%20rermbNulety"s":p7"_",r52__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"6)z(-~:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"5"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":80_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~(5~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B5p%201t:ennd-ixtte:"8"_p,"5"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"15":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",esrilaSa:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"}:"7"_p,"4"_rc2l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}""":p7"_",r41__cllce0_leab_t"0":38_p,""}ftle:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"}:"7"_p,"4"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,":"esnspeEx:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"}seonsprer%20beumeNylst:"7"_p,"3"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~(2~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"3"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~(1~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}:"7"_p,"3"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"s"ueenev"R":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"2"_rc2l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%202arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r21__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"1"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylst:"7"_p,"2"_rc0l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte%3B%20neno:%20ayplis"d":p8"_",erntCelety%20sldBolety"s":p7"_",r12__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_2"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex%20te%3Bon%20ny:laspdi:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,"1"0_:"8"p7"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,":36"p1"_",r10__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_0"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",tsenematSte%20omnc"I":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte%3B%20neno:%20ayplis"d":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_2"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex%20te%3Bon%20ny:laspdi:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,"1"0_:"8"p7"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,":36"p1"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_0"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",OY%20RND%20AE,ET%20PE,ET"P":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":98"p5"_[{":65_p{"

3.

Determine the amount of receivablesfrom customers that the company would show in its year 1 and year 2balance sheets prepared according to the accrual accountingmodel.

Year 1 Year 2

Receivables"}:"n"ioptriscdeb_ta,"{}":62_p,"0]:[7"p6"_l,ul:n1"p5"_l,ul:n6"p2"_},:{2"p3"_e,lsfa":42_p,"-1":50_p,"-1":24_p,"-1":31_p,":05"_p,":04"_p,"seal:f8"p4"_l,ul:n7"p3"_],2}34":77_p,"84":34_p{":[3"p2"_e,ru:t5"p4"_",leit%20Tew"N":mena,"}]seal:f7"p4"_2,":54_p,"[]":33_p,""}00"1":c2,"0"10:"1""c",00"1":c0{"":19_p,""}23:"1","3""2":"0:{9"p5"_],}]"}seonsprer%20beumeNylst:"7"_p,"1"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"2)(2~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"9)(1~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}:"7"_p,"1"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"s"leabivceRe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"2"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%201arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":28"p5"_[{":65_p{"


2.Alpaca Corporation had revenues of $295,000 in its first yearof operations. The company has not collected on $19,800 of itssales and still owes $27,900 on $95,500 of merchandise itpurchased. The company had no inventory on hand at the end of theyear. The company paid $13,600 in salaries. Owners invested $18,500in the business and $18,500 was borrowed on a five-year note. Thecompany paid $4,600 in interest that was the amount owed for theyear, and paid $8,600 for a two-year insurance policy on the firstday of business. Alpaca has an effective income tax rate of8%.
Compute the cash balance at the end of the first year for AlpacaCorporation.

A. $203,640

B. $215,640

C. $183,640

D. $194,640

3.

Listed below are several transactions that tookplace during the first two years of operations for the law firm ofPete, Pete, and Roy.

Year 1 Year 2
Amounts billed to customers for services rendered $ 180,000 $ 230,000
Cashcollected from customers 155,000 185,000
Cashdisbursements:
Salaries paid toemployees for services rendered during the year 85,000 95,000
Utilities 27,500 35,000
Purchase of insurancepolicy 58,500 0


In addition, youlearn that the company incurred utility costs of $32,500 in year 1,that there were no liabilities at the end of year 2, no anticipatedbad debts on receivables, and that the insurance policy covers athree-year period.


Required:
1.

Calculate the net operating cash flow for years1 and 2. (Net cash outflowsshould be indicated by a minus sign.)

}""":ontiipcres_dab"t},:{2"p6"_],[0":67_p,"llnu":51_p,"llnu":26_p,"{}":32_p,"seal:f2"p4"_1,:-0"p5"_1,:-4"p2"_1,:-1"p3"_0,":p5"_0,":p4"_e,lsfa":48_p,"llnu":37_p,"}]94:37"p7"_4,:84"p3"_[{":23_p,"uetr":45_p,"e"tlTiw%20Ne:"e"am"n],e}lsfa":47_p,":24"p5"_],:[3"p3"_},0"10:"2""c",00"1":c1,"2"15:"0""c:{9"p1"_},3""2":"1",23:"0"{"":59_p,"]]}}e"nspoes%20rermbNulety"s":p7"_",r12__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,"uetr":63_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"6)(1~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~15z(-~:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}:"7"_p,"1"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"w"lo%20fshcag%20inateropt%20Ne:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"2"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%201arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":28"p5"_[{":65_p{" e}ru:td"rewenssA"i",:"n"ioptriscdeb_ta,"{}":62_p,"0]:[7"p6"_l,ul:n1"p5"_l,ul:n6"p2"_},:{2"p3"_e,lsfa":42_p,"-1":50_p,"-1":24_p,"-1":31_p,":05"_p,":04"_p,"seal:f8"p4"_},:{7"p3"_],4}39":77_p,"84":34_p{":[3"p2"_e,ru:t5"p4"_",leit%20Tew"N":mena,"}]seal:f7"p4"_2,":54_p,"[]":33_p,""}00"1":c2,"0"10:"1""c",52"1":c0{"":19_p,""}23:"1","3""2":"0:{9"p5"_],}]"}seonsprer%20beumeNylst:"7"_p,"1"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~16z("~":75_p{"":56_p,""}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~15z(-~:"5"p7"_:{6"p5"_},""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}1"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"w"lo%20fshcag%20inateropt%20Ne:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"2"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%201arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":28"p5"_[{":65_p{" Year 1 Year 2

Net Operating Cash flow

2.

Prepare an income statement for eachyear according to the accrual accounting model.

Income Statements:

Year 1 Year 2

Revenues

Expenses:

Salaries

Utilities

Insurance

Net Income (loss)

"}:"n"ioptriscdeb_ta,"{}":62_p,"0]:[7"p6"_l,ul:n1"p5"_l,ul:n6"p2"_},:{2"p3"_e,lsfa":42_p,"-1":50_p,"-1":24_p,"-1":31_p,":05"_p,":04"_p,"seal:f8"p4"_l,ul:n7"p3"_],0}39":77_p,"45:24"p3"_[{":23_p,"uetr":45_p,"e"tlTiw%20Ne:"e"am"n],e}lsfa":47_p,"10":54_p,"[]":33_p,""}00"1":c2,"0"10:"1""c",48"1":c0{"":19_p,""}23:"8","3""2":"7",23:"6","3""2":"5",23:"4","3""2":"3",23:"2","3""2":"1",23:"0"{"":59_p,"]]}}%3B"0),%20%2000,b(rge%20blou%20dpx%203m:toot-berrdbo:"8"_p,"e"nspoes%20rermbNulety"s":p7"_",r82__cllce0_leab_t"0":38_p,"}}"}px"3":77_p,"e"blou"d":64_p,"0"0000%230:"5"p1"_:{2"p1"_},x"1p:"7"p7"_",idol"s":64_p,"0"0000%230:"5"p1"_:{2"p7"_:{1"p1"_",htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~18z("~":75_p{"":56_p{"":p2"_:{0"p2"_,{}}%3B"0),%20%2000,b(rge%20blou%20dpx%203m:toot-berrdbo:"8"_p,"e"nspoes%20rermbNulety"s":p7"_",r81__cllce0_leab_t"0":38_p,"}}"}px"3":77_p,"e"blou"d":64_p,"0"0000%230:"5"p1"_:{2"p1"_},x"1p:"7"p7"_",idol"s":64_p,"0"0000%230:"5"p1"_:{2"p7"_:{1"p1"_",htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~17z("~":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B0p%203t:ennd-ixtte:"8"_p,"8"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"30":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",s)os(le%20omnc%20iet"N":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"0),%20%2000,b(rgd%20lisox%201p:%20omttbor-deor"b":p8"_",seonsprer%20beumeNylst:"7"_p,"7"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":80_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~14z(-~:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"})%3B%2000,,%20(0gb%20ridol%20spx%201m:toot-berrdbo:"8"_p,"e"nspoes%20rermbNulety"s":p7"_",r71__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"4)(1~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B5p%201t:ennd-ixtte:"8"_p,"7"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"15":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",ceanurns"I":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}e"nspoes%20rermbNulety"s":p7"_",r62__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"3)(1~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}e"nspoes%20rermbNulety"s":p7"_",r61__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"2)(1~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B5p%201t:ennd-ixtte:"8"_p,"6"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"15":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",estiliti"U":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}e"nspoes%20rermbNulety"s":p7"_",r52__cllce0_leab_t"0":38_p,""}htig"r":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,ru:t3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTILUSO:"6"p7"_:{5"p5"_},"}"%24":81_p,":23"p5"_e,ru:t3"p6"_e,ru:t0"p8"_e,ru:t1"_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"6)z(-~:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"5"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p,"uetr":80_p,"uetr":p1"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~(5~z"-":75_p{"":56_p{"":p2"_:{0"p2"_,{}}""":p7"_",x%3B5p%201t:ennd-ixtte:"8"_p,"5"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,"15":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",esrilaSa:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"}:"7"_p,"4"_rc2l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}""":p7"_",r41__cllce0_leab_t"0":38_p,""}ftle:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"seal:f3"p4"_",5)25,%2055%2025,25b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"}:"7"_p,"4"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,":"esnspeEx:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"}seonsprer%20beumeNylst:"7"_p,"3"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~(2~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"3"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_e,ru:t3"p6"_:{5"p5"_",CYENRRCU:"3"p7"_:{9"p2"_},"}:"9"p7"_",)~(1~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}:"7"_p,"3"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"s"ueenev"R":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"2"_rc2l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%202arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r21__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"1"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylst:"7"_p,"2"_rc0l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte%3B%20neno:%20ayplis"d":p8"_",erntCelety%20sldBolety"s":p7"_",r12__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_2"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex%20te%3Bon%20ny:laspdi:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,"1"0_:"8"p7"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,":36"p1"_",r10__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_0"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",tsenematSte%20omnc"I":75_p{"":30_p{"":p2"_:{0"p2"_[{],}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte%3B%20neno:%20ayplis"d":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_2"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex%20te%3Bon%20ny:laspdi:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,"1"0_:"8"p7"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,":36"p1"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_",_0"0":78_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",OY%20RND%20AE,ET%20PE,ET"P":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":98"p5"_[{":65_p{"

3.

Determine the amount of receivablesfrom customers that the company would show in its year 1 and year 2balance sheets prepared according to the accrual accountingmodel.

Year 1 Year 2

Receivables"}:"n"ioptriscdeb_ta,"{}":62_p,"0]:[7"p6"_l,ul:n1"p5"_l,ul:n6"p2"_},:{2"p3"_e,lsfa":42_p,"-1":50_p,"-1":24_p,"-1":31_p,":05"_p,":04"_p,"seal:f8"p4"_l,ul:n7"p3"_],2}34":77_p,"84":34_p{":[3"p2"_e,ru:t5"p4"_",leit%20Tew"N":mena,"}]seal:f7"p4"_2,":54_p,"[]":33_p,""}00"1":c2,"0"10:"1""c",00"1":c0{"":19_p,""}23:"1","3""2":"0:{9"p5"_],}]"}seonsprer%20beumeNylst:"7"_p,"1"_rc2l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"2)(2~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}seonsprer%20beumeNylst:"7"_p,"1"_rc1l_el_ce0blta0_:"8"p3"_},t"ghri:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"seal:f0"p1"_e,lsfa":44_p,"uetr":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOUTOL"S":76_p{"":55_p,"}}%24":"1"p8"_2,":53_p,"uetr":63_p{"":55_p,"Y"NCREUR"C":73_p{"":29_p,"}}""":79_p,"~"9)(1~z:"5"p7"_:{6"p5"_:{2"_p{"":20_p{"},"}:"7"_p,"1"_rc0l_el_ce0blta0_:"8"p3"_},t"ef"l":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,lsfa":10_p,"seal:f4"p4"_e,lsfa":43_p,")"55%2025,25,%2055(2gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"s"leabivceRe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{",[}]"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r02__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"2"r%20ea"Y":75_p{"":30_p{"":p2"_:{0"p2"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8"_p,"r"teeneCylstd%20oleBylst:"7"_p,"0"_rc1l_el_ce0blta0_:"8"p3"_},r"teen"c":68_p,":09"p3"_e,lsfa":74_p,"seal:f9"p4"_e,ru:t0"p1"_e,lsfa":44_p,"seal:f3"p4"_",1)21,%2063%2017,13b(rg:"9"_p,")"34,%2034,%2034b(rg:"5"p1"_",ONTIESQU:"6"p7"_:{5"p5"_},e}lsfa":p1"_:{5"p5"_",NGRIST:"3"p7"_:{9"p2"_},"}:"9"p7"_",%201arYe:"5"p7"_:{0"p3"_:{2"_p{"":20_p{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac%20bx%3B0p:%20ntdeint-ex"t":p8"_",erntCelety%20sldBolety"s":p7"_",r00__cllce0_leab_t"0":38_p,""}erntce:"8"p6"_0,":39_p,"seal:f4"p7"_e,lsfa":49_p,"uetr":10_p,"seal:f4"p4"_e,lsfa":43_p,")"11%2023,16,%2037(1gb"r":p9"_",4)%2034,%2034,(3gb"r":15_p,"N"IOSTUE"Q":76_p{"":55_p,"}}seal:f1"_p{"":55_p,"G"INTR"S":73_p{"":29_p,"}}""":79_p,"""":75_p{"":30_p{"":p2"_:{0"p2"_[{:[3"p1"_e,lsfa":41_p,""}wnDoopdr:"7"p2"_1,:-5"p2"_},:{5"p7"_e,lsfa":82_p{"":28_p,"""":22_p,"seal:f5"p3"_e,ru:t6"p3"_},:{5"p5"_",leab%20TedtltiUn:"9"p6"_3,":17_p,":28"p5"_[{":65_p{"