Using the information in the reading titled 'Cash Flow Projections in Lesson 4 to answer the...

Transcribed Image Text:

Using the information in the reading titled 'Cash Flow Projections in Lesson 4 to answer the following question in the space provided. Courtney Fyfe owner of a new hat importing business "Fyfe Industries" has got her accountant friend Richard Clive to help her draw up a simple income statement and cash flow statement for her business. The information they have found is listed below. Income Statement: Sales ($000) Costs ($000) Profit ($000) Cash flows relating to Month: Receipts from sales (5000) Month 1 Net cash flow ($000) 30 Payments to suppliers etc. ($000) Cumulative net cash flow ($000) 22 20 Month 2 -50 45 Month 1 Month 2 Month 3 30 35 -20 20 -15 Total 75 -85 1. Recreate the first chart and fill in Fyfe Industry's profit for Month 1 and 2. 2. Recreate the second chart and fill in Fyfe Industry's net cash flow for Month 1, 2 and marks) 3. In the second chart, fill in Fyfe Industry's cumulative net cash flow for Month 1, 2 and marks) Using the information in the reading titled 'Cash Flow Projections in Lesson 4 to answer the following question in the space provided. Courtney Fyfe owner of a new hat importing business "Fyfe Industries" has got her accountant friend Richard Clive to help her draw up a simple income statement and cash flow statement for her business. The information they have found is listed below. Income Statement: Sales ($000) Costs ($000) Profit ($000) Cash flows relating to Month: Receipts from sales (5000) Month 1 Net cash flow ($000) 30 Payments to suppliers etc. ($000) Cumulative net cash flow ($000) 22 20 Month 2 -50 45 Month 1 Month 2 Month 3 30 35 -20 20 -15 Total 75 -85 1. Recreate the first chart and fill in Fyfe Industry's profit for Month 1 and 2. 2. Recreate the second chart and fill in Fyfe Industry's net cash flow for Month 1, 2 and marks) 3. In the second chart, fill in Fyfe Industry's cumulative net cash flow for Month 1, 2 and marks)

Answer rating: 100% (QA)

lets recreate the charts and fill in the given information for Fyfe Industries Recreating the ... View the full answer