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 in Lesson

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)

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