Question

Fill in the missing amounts.

Mar Apr May
Receipts $1,155 $1,250 $
Expenses $1,100 $990 $900
Net Cash Flow $55 $ $45
Cumulative Balance $ $315 $360

Answer 1

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

Explanation:

Answer 2

Answer: Net cash flow for April =$260

Receipts amount for May =$945

Cumulative balance amount for March= $55

Explanation:

We know that, Net cash flow = Receipt - Expenses

⇒ Net cash flow for April =
`\$1250-\$990=\$260`

∴ Net cash flow for April =$260

Also for May, Receipts amount = Expenses+Net cash flow

⇒ Receipts amount for May =
`\$900+\$45=\$945`

∴ 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=
`\$315-\$260=\$55`

∴ Cumulative balance amount for March= $55