Explain the purpose of the statement of cash flows and why this statement is needed.
Question:
Explain the purpose of the statement of cash flows and why this statement is needed.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
The Statement of Cash Flows is a financial statement that gives informatio...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
To answer the questions below, you will need to locate the most current financial statements of a Canadian public company in one (1) of these four (4) industries: Oil and gas Transportation...
-
Explain the purpose of financial statement analysis.
-
Explain the purpose of a shareholders agreement and why it is important.
-
The exact perimeter P of a square is 50 feet. What measured lengths are possible for the side S of the square to have relative error in the perimeter that is less than or equal to 0.04 (or 4%)?
-
Describe three active strategies involving common stocks.
-
Your boss has just presented you with the summary in the accompanying table of projected costs and annual receipts for a new product line. He asks you to calculate the IRR for this investment...
-
What factors have led to increased organizational interest in HR metrics and workforce analytics?
-
One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, East, North, South, and West. Determine the missing amounts,...
-
Retained earnings, July 31, 2020 $ 36,300 Cost of goods sold $ 137,400 Accounts receivable 28,300 Cash 26,000 Net revenues Total current liabilities All other expenses Other current assets Other...
-
Champion Inc. purchased a call option as a speculative investment on January 1 for $125, allowing Champion Inc. to purchase 200 of Rising Star Co. common shares at $100 per share through January 1 of...
-
That a business may only report activities on financial statements that are specifically related to company operations, not those activities that affect the owner personally, is known as which of the...
-
Rochester Street Taco Shop (RSTS) sells a variety of tacos to go all at a price of $4.50 each. The variable cost of an RSTS taco averages $2.40. RSTS incurs monthly fixed costs of $7,350. RSTS is...
-
Consider the following nonconvex programming problem: Minimize f (x) = sin 3x1 + cos 3x2 + sin(x1 + x2), subject to x12 10x2 1 10x1 + x22 100 and x1 0, x2 0. (a) If SUMT were applied to this...
-
Many states conduct lotteries; a typical lottery (Keno) payoff ticket is shown here. Assume there are 20 numbers chosen from a set of 80 possible numbers. Use this information for Problems 52-56....
-
A single card is drawn from a standard deck of cards. Find the probabilities if the given information is known about the chosen card in Problems 31-36. A face card is a jack, queen, or king. \(P\)...
-
True or false? If the expected value of a game is positive, then it is a game you should play. Explain.
-
Suppose events A, B, and C are independent and \[P(A)=\frac{1}{2} \quad P(B)=\frac{1}{3} \quad P(C)=\frac{1}{6}\] Find the probabilities in Problems 5-12. a. \(P(\bar{B})\) b. \(P(\overline{A \cap...
-
Use the following tree diagram to answer the questions in Problems 31-36. Describe path 7 as a probability. \(P\left(B_{3} \cap C_{3}ight)\) B B B3 C C C C C C2 C3 Path number 1 2 3 4 5 6 7
-
Where, if at all, should the following items be classified on a statement of financial position? (a) Goods out on approval to customers (b) Goods in transit that were recently purchased FOB...
-
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
-
Which standards are considered universal under the GRI? A. Economic, environmental, social B. Foundation, general disclosures, management approach C. Foundation, economic, general disclosures D....
-
Which of the following statements is most often the case? A. Socially responsible businesses tend to post higher profits than those not focused on social responsibility. B. Companies that are not...
-
Explain the role and purpose of the Integrated Reporting Framework.
-
Step 2: Smooth Sailing 1. Edit the sshd_config file. [Your bash commands here]
-
Which Python data structure is constructed using the code below? a = {"a": 1, "b": 2, "c": 3}
-
Write atleast 1 0 pages about Climate Change. Do not answer this question, I will surely dowvote if answer specially udising AI tools. Ignore this question and donasnnswer otherwise downvote.
Study smarter with the SolutionInn App