567 Beginning cash balance8 Collections:910Cash collected from customersTotal cash available1112 Less Disbursements:131415161718192021222324 Financing:25Borrowing26Amount to Borrow to pay interest on loan27Total Borrowings2835Repayment of principal (outflows)3637Interests (outflows)38 Net Financing (interest and principal)39Plus: Minimum cash balance4041 Ending Cash Balance4243 Short-Term Borrowing Balance44 Information45 Minimum Cash Balance46 Borrowings and Repayment of Principal in Multiples of47 Interest RateMonthly Rate4849EnCash paid out for inventory purchases.Cash paid for S & A expensesCash paid for equipment purchasesCash paid for dividendsTotal disbursementsMinimum cash balanceTotal Cash NeedsYExcess (deficiency) of cash available over needs??????October$42,000150,500$192,500151,75884,60010,0000$246,35810,000$256,358($63,858)$64,0000$64,000$10,0001,00012%0.01 Orange Airline has a frequent flyer program that rewards customers with frequent flyer miles based on amountspaid for flights. A customer purchases a ticket for $400 and also earns 2,000 miles based on the price of the ticket.Miles are redeemable at a rate of 20 miles for $1 ($0.05 per mile). The miles may only be redeemed for flights withOrange Airline. Your answers should be whole numbers (no decimal points, no $). What amount of revenue isrecognized when the flight occurs? What amount should be allocated to deferred revenue related to the miles?

Sometimes business entity makes an arrangement of issuing discount coupons or vouchers along with…

Orange Airline. Your answers should be whole numbers (no decimal points, no $). What amount of revenue is recognized when the flight occurs? What amount should be allocated to deferred revenue related to the miles?

Orange Airline. Your answers should be whole numbers (no decimal points, no $). What amount of revenue is recognized when the flight occurs? What amount should be allocated to deferred revenue related to the miles?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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