Vickie opened her engineering consulting firm on 11/1/2019. She determined that she needed $90,000 to get...

 

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Vickie opened her engineering consulting firm on 11/1/2019. She determined that she needed $90,000 to get up and running, so she used money from her own savings and borrowed money from a bank and a private investor, her father. Start-up costs-her lease, professional fees, software licenses, office furniture, computers for her office, inventory, and equipment-were $15,000. She put the remaining $75,000 in the bank as a safety net for the early months when sales and revenue might be shaky. So, her initial cash position was $_ consulting services. She also had expenses of $45,000 (she took a very small salary that first year). So how much cash did she generate from her services? What was her cash flow? initial cash reserves, so at the end of year 1, she had a total cash position of $ received $120,000 in cash from her services and spent $70,000 in operating her business, so she generated $ lock down, she realized many parameters impacting her cash flow changed. Which parameters she can change and how to improve her cash flow? During the first year, Covid hit but Vickie still collected $80,000 from providing She never touched her In her second year, she in cash flow. She signed a one-year lease for $1000/month for her office. During the Covid Vickie opened her engineering consulting firm on 11/1/2019. She determined that she needed $90,000 to get up and running, so she used money from her own savings and borrowed money from a bank and a private investor, her father. Start-up costs-her lease, professional fees, software licenses, office furniture, computers for her office, inventory, and equipment-were $15,000. She put the remaining $75,000 in the bank as a safety net for the early months when sales and revenue might be shaky. So, her initial cash position was $_ consulting services. She also had expenses of $45,000 (she took a very small salary that first year). So how much cash did she generate from her services? What was her cash flow? initial cash reserves, so at the end of year 1, she had a total cash position of $ received $120,000 in cash from her services and spent $70,000 in operating her business, so she generated $ lock down, she realized many parameters impacting her cash flow changed. Which parameters she can change and how to improve her cash flow? During the first year, Covid hit but Vickie still collected $80,000 from providing She never touched her In her second year, she in cash flow. She signed a one-year lease for $1000/month for her office. During the Covid

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