Crystal Meadows of Tahoe is the managing company of two different alpine ski resorts, and it is well-known fact that the ski business is both cynical and seasonal, and throughout the USA, 94% of the total revenues are earned in the season time, and the business also depends on the snowfall of a given area too. Both Crystal Meadows and Lake Ridge are two different types of ski areas, and Lake Ridge has more capacity than the other one. And it is also a destination resort which attracts tourists from all over the country. On the other hand, Crystal Meadows has a capacity of 6500 skiers per day and the clientele consists of skiers from Northern parts of California and the Greater San Francisco Bay Area. Here we look at the cash flows of Crystal Meadows. The net income of the company is $ 1,418,000 and the depreciation expenses of the company are $ 2,637,000. The depreciation in the receivable account and decrease in prepaid are 59,000 and 6000 US dollars respectively. But if we look at the records we will see that there is an increase in AP and it is $ 245,000. Other things that have increased are accrued rent accrued comp and deferred revenue on 19,000, 152,000 and 244,000 US dollars respectively. Tax Pay has been increased to the US $ 579,000, and other accruals also increased to $ 179,000 and def credits are $216,000, and the total gain on RE sale is $ 329,000.
1.The net income of the resort was not really good as it dealt with different factors. A ski resort has to deal with different things other than the customers. Most importantly the resort is popular among the re