Alex only has $$322$ at the end of the week $2$ because out of the total revenue earned by him of $$2,700.$ He had to incur expenses for cost of goods sold, lease operating expenses and tax amounting to a total which leaves him $$322.$

$10.$ During week $3,$ the weather is warm and the team has a $7-$day homestand. Alex sells $1,700$ hot dogs. After paying the cart vendor, Alex is left with $$622$

Prepare a cash flow statement for week $3.$

Units

Alex's Hot dogs

Cash Flow Statement

Cash Generated from Operating Activities

Week $3$ Cash Receipts from Sales

Total Cash from Operating Activities

Cash Used in Operating Activities

Payment of Accounts Payable

Operating Expenses

Taxes

Total Cash Used in Operating Activities

Cash Flow

Prepare a profit and loss stat inent for week $3$

Units

Alex's Hot dogs

Profit and Loss Statement

Sales Activity

Week $3$

Revenue

Cost of Goods Sold

Gross Profit

Operating Expenses

Profit Before Taxes

Taxes

Net Profit

What is Alex's profit for week $3?$

edictions: On

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