Author Question: Pilger Corporation has cash on hand at year-end of 201,000 and a negative cash flow from operations ... (Read 180 times)

mia · **on:** Jul 5, 2018

Pilger Corporation has cash on hand at year-end of 201,000 and a negative cash flow from operations of 144,000.What is the ratio of cash to monthly cash expenses?
a. 12.0 months
b. 7.2 months
c. 1.4 months
d. 16.8 months

Question 2

On January 1, 2011, Dew Drop Inn borrowed 80,000 at 8 interest. The loan will be repaid with equal annual installment payments of 8,900 made on the last day of each year, which is the companys yearend.

Notes payable at December 31, 2011 equals ________.
A) 80,000 on the income statement
B) 80,000 on the balance sheet
C) 75,958 on the balance sheet
D) 77,500 on the balance sheet