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Test: 30 minutes, timed. you get a yellow pad and a pencil; since org was founded in 19th century it apparently hasn't progressed. Provide the cash flow statement and ending inventory given the following info: Activity for Scooter Repairs, a new business investors invest $250k and company borrows additional $250k from a bank. company buys $50,000 in scooter parts company buys cap asset for $100k; salvage $10k, useful life 10 years, so $750/mo depreciation during first month repaired 600 scooters at $300 apiece = $180k . 75% paid cash and 25% paid credit ($45k). Used $75 in parts for each repair = $45k Rent $25k and Utilities $15k during month prepaid next month's rent of $25k before month's end Bought an additional $35k in spare parts before month's end Before month's end paid $101,250 to bank; $100k in principal and $1,250 in interest for month. EOM cash $283,750.
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Controller

Interviewed at The Actors Fund

3.8★
Jan 20, 2014

Test: 30 minutes, timed. you get a yellow pad and a pencil; since org was founded in 19th century it apparently hasn't progressed. Provide the cash flow statement and ending inventory given the following info: Activity for Scooter Repairs, a new business investors invest $250k and company borrows additional $250k from a bank. company buys $50,000 in scooter parts company buys cap asset for $100k; salvage $10k, useful life 10 years, so $750/mo depreciation during first month repaired 600 scooters at $300 apiece = $180k . 75% paid cash and 25% paid credit ($45k). Used $75 in parts for each repair = $45k Rent $25k and Utilities $15k during month prepaid next month's rent of $25k before month's end Bought an additional $35k in spare parts before month's end Before month's end paid $101,250 to bank; $100k in principal and $1,250 in interest for month. EOM cash $283,750.

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