Rosie Dry Cleaning was started on January 1, 2018. It experienced the following events during its first two years of operation: Events Affecting 2018 Provided $45,000 of cleaning services on account. Collected $39,000 cash from accounts receivable. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting 2019 Wrote off a $300 account receivable that was determined to be uncollectible. Provided $62,000 of cleaning services on account. Collected $61,000 cash from accounts receivable. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Required Organize the transaction data in accounts under an accounting equation for each year. Determine the following amounts: (1) Net income for 2018. (2) Net cash flow from operating activities for 2018. (3) Balance of accounts receivable at the end of 2018. (4) Net realizable value of accounts receivable at the end of 2018. Determine the following amounts:(1) Net income for 2019.(2) Net cash flow from operating activities for 2019. (3) Balance of accounts receivable at the end of 2019. (4) Net realizable value of accounts receivable at the end of 2019.

(1) Net income for 2018 is $44,550

Net cash flow from operating activities for 2018 is $39,000

Balance of accounts receivable for 2018 $6,000

Net realizable value of accounts receivable for 2018 is $5,550

2) Net income for 2019 is $61,380

Net cash flow from operating activities for 2019 is $61,000

Balance of accounts receivable for 2019 $1,000

Net realizable value of accounts receivable for 2018 is $5,930

(1) 2018

Net income for 2018

Cleaning services on account $45,000

Less Uncollectible accounts expense $450

(1%×$45,000)

2018 Net income $44,550

(2) Net cash flow from operating activities for 2018

Net cash flow from operating activities for 2018=$39,000

(3) Balance of accounts receivable=$45,000-$39,000

Balance of accounts receivable $6,000

4)Net realizable value of accounts receivable

Net realizable value of accounts receivable =$6,000-$450

Net realizable value of accounts receivable =$5,550

2019

1) Net income for 2019

Cleaning services on account $62,000

Less Uncollectible accounts expense $620

(1%×$62,000)

2019 Net income $61,380

2)  Net cash flow from operating activities for 2019

Net cash flow from operating activities for 2019=$61,000

3) Balance of accounts receivable=$62,000-$61,000

Balance of accounts receivable $1,000

4) Net realizable value of accounts receivable

Net realizable value of accounts receivable =[($6,000-$300)+$1,000] -[$620+($450-$300)]

Net realizable value of accounts receivable=($5,700+$1,000) -($620+$150)

Net realizable value of accounts receivable=$6,700-$770

Net realizable value of accounts receivable=$5,930

Learn more here:

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.