For each of the statements please indicate: bo * net income is a source or use...

  

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For each of the statements please indicate: bo * net income is a source or use of cash and give a dollar amount for the cash from net income for each year. b. What are the major sources and uses of cash within operations? Are these expected? Sustainable? How do you feel about these things happening in operations? C. What are the major sources and uses of cash company-wide (including financing and investing)? Arc these normal for a business? Are they sustainable? How do you feel about the overall management of the business? d. Why are they running out of cash? b Mango - A - GoGo Statement of Cashflow For year ended May 31 2021 2020 Net Income $422,143 43,456 Adjustment to cash $16,000 5000 A/R -649,769 -241,422 Inventory -154,428 -79,431 A/P 646,889 54,924 Prepaid Rent -6,000 -2,000 Prepaid Insurance -500 4,500 3,200 Wages Payable 8,000 Line of Credit 13,438 Cashflow from operations 295,773 -220,773 Financing Common stock 75,000 500,000 Dividends -5,000 o Long term debt 50,000 Investments Fixed Assets -470,000 -225,000 Net cashflow -49,227 49,227 O/B cash 49,227 0. E/B cash -0 49,227 For each of the statements please indicate: bo * net income is a source or use of cash and give a dollar amount for the cash from net income for each year. b. What are the major sources and uses of cash within operations? Are these expected? Sustainable? How do you feel about these things happening in operations? C. What are the major sources and uses of cash company-wide (including financing and investing)? Arc these normal for a business? Are they sustainable? How do you feel about the overall management of the business? d. Why are they running out of cash? b Mango - A - GoGo Statement of Cashflow For year ended May 31 2021 2020 Net Income $422,143 43,456 Adjustment to cash $16,000 5000 A/R -649,769 -241,422 Inventory -154,428 -79,431 A/P 646,889 54,924 Prepaid Rent -6,000 -2,000 Prepaid Insurance -500 4,500 3,200 Wages Payable 8,000 Line of Credit 13,438 Cashflow from operations 295,773 -220,773 Financing Common stock 75,000 500,000 Dividends -5,000 o Long term debt 50,000 Investments Fixed Assets -470,000 -225,000 Net cashflow -49,227 49,227 O/B cash 49,227 0. E/B cash -0 49,227

Answer rating: 100% (QA)

in the year 2020 rhe net income is a use of cash since the cash from operations is 220773 in 2021 it ... View the full answer