Question

this subject is supposed to be Accounting for Entrepreneurship

* please explain your answer and right the formula , orgonize it but not too sophisticated .

9 State your current cash balance if you have the following information: total cash receipts of $624,000; a cash balance at the end of last year of $60,000; total cash payments of $540,000; cash outflow from invest- ing activities of $100,000; and cash inflows from financial activities of $172,000. orter vd boeu at bidw se ue yolgob bec qolavsb

Answer 1

- Amount ($) Amount (a Statement of cash flows Particulars (A) Cash flow from operating activities Cash receipts |$ 624,000 cash payments $ 540000 Cash generated from openation $ 84000 Income tau paid nil Net cash flow from operating $ 34.000 Activities (6) Cash flow from Investing Activities : cash outflow from investing ($ 100.000) activities C Cash inflows from financial activities $172 000 Net increase in cash and cash equivalents (AtBtc ) $ 156.000 de $84.000+ €100,000) + $172.000 Add cash and cash equivalents at the beginning of the year $ 60 000 cash end and cash equivalents at the of the year $ 216 000 at the end of the Hence, cunnent cash balance yeon is $216,000 C Amount in bracket is known as cash out flow-