Answer: Net cash flow for April =$260
Receipts amount for May =$945
Cumulative balance amount for March= $55
Step-by-step explanation:
We know that, Net cash flow = Receipt - Expenses
⇒ Net cash flow for April =[tex]\$1250-\$990=\$260[/tex]
∴ Net cash flow for April =$260
Also for May, Receipts amount = Expenses+Net cash flow
⇒ Receipts amount for May = [tex]\$900+\$45=\$945[/tex]
∴ Receipts amount for May =$945
We know that the cumulative balance is the sum of the net cash flow.
Therefore, for March, Cumulative balance amount =Cumulative amount for April-Net cash flow for April
⇒ Cumulative balance amount for March=[tex]\$315-\$260=\$55[/tex]
∴ Cumulative balance amount for March= $55
Fill in the missing amounts.
Jan Feb Mar Apr May June
Receipts $1200 $1325 $1375 $1250 $ (1) $1050
Expenses $950 $1025 $1100 $900 $975 $825
Net Cash Flow $250 $(2) $275 $(3) $145 $225
Cumulative Balance $(4) $550 $ (5) $1175 $1320 $ (6)
(1) 11120
(2) 300
(3)350
(4)250
(5)825
(6)1545
thank me later oddy students
Step-by-step explanation:
