Question: Using the information in the reading titled 'Cash Flow Projections in Lesson 4 to answer the following question in the space provided. Courtney Fyfe

 Using the information in the reading titled 'Cash Flow Projections "

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 Month 1 Month 2 Sales ($000) 45 Costs ($000] 22 30 Profit [$000) Cash flows relating to Month: Month 1 Month 2 Month 3 Total Receipts from sales ($000] 20 35 20 75 Payments to suppliers etc. ($000) -50 -20 -15 -85 Net cash flow ($000) Cumulative net cash flow [$000] 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

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