At the end of the first year of operations (December 31, 2021), the following financial data...

  

Transcribed Image Text:

At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash $ 33,630 10,000 14,400 Common Stock 10,500 Dividends 1,600 Equipment 84,000 Notes Payable 51,970 Operating Expenses 65,000 Other Expenses 9,100 Sales Revenue Supplies 97,500 9,500 3-a. By how much did cash increase (decrease)? 3-b. Which financial statement would report the business activities responsible for the change in cash? At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash $ 33,630 10,000 14,400 Common Stock 10,500 Dividends 1,600 Equipment 84,000 Notes Payable 51,970 Operating Expenses 65,000 Other Expenses 9,100 Sales Revenue Supplies 97,500 9,500 3-a. By how much did cash increase (decrease)? 3-b. Which financial statement would report the business activities responsible for the change in cash?

Answer rating: 100% (QA)

Based on the image you sent it appears to be a financial analysis of a company considering a new project Here are the answers to the questions I can a... View the full answer