E Start CSUF Portal-Hom " CHI-Problem . X ] Course: Fall 2018 F Google Translate e Question: Given Tr Given The Followin + https:/ moodle 2018-2019 fullerton edu plugintile.php/1356527/mod resource/content/2/CHI Probl 22 I ShortTerm Financial Management Ending Beginning Ending Cost of goods accounts payable accounts payable inventory nventory $1,200 $1,500 $600 $600 $2,000 $3,000 $500 $800 Given the following balance sheets and income statement for Genesis Enterprises, Inc. b. Discuss why the cash position of the company is different from the profit of the Develop a cash flow statement. Spectfically, note that net profit was $425, but the cash account stayed the same. GENESIS ENTERPRISES, NC. BALANCE SHEET-12/31/12 500 Accounts payable 750 Operating accruals 400 Debt Accounts recelvable 1,000 Fixed assets (Accumulated depr.) Total 1,000 Common stock 400 Retalned earnings 250 $2.250 Total GENESIS ENTERPRISES, INC BALANCE SHEET-12/31/13 $500 Accounts payable 2,000 Operating accruals 600 Debt 1,000 Common stock 700 Retained earnings $950 Accounts receivable Fixed assets (Accumulated depr.) 1,000 500 $3,400 Tota 3-56 PM O Type here to search E Start CSUF Portal-Hom " CHI-Problem . X ] Course: Fall 2018 F Google Translate e Question: Given Tr Given The Followin + https:/ moodle 2018-2019 fullerton edu plugintile.php/1356527/mod resource/content/2/CHI Probl 22 I ShortTerm Financial Management Ending Beginning Ending Cost of goods accounts payable accounts payable inventory nventory $1,200 $1,500 $600 $600 $2,000 $3,000 $500 $800 Given the following balance sheets and income statement for Genesis Enterprises, Inc. b. Discuss why the cash position of the company is different from the profit of the Develop a cash flow statement. Spectfically, note that net profit was $425, but the cash account stayed the same. GENESIS ENTERPRISES, NC. BALANCE SHEET-12/31/12 500 Accounts payable 750 Operating accruals 400 Debt Accounts recelvable 1,000 Fixed assets (Accumulated depr.) Total 1,000 Common stock 400 Retalned earnings 250 $2.250 Total GENESIS ENTERPRISES, INC BALANCE SHEET-12/31/13 $500 Accounts payable 2,000 Operating accruals 600 Debt 1,000 Common stock 700 Retained earnings $950 Accounts receivable Fixed assets (Accumulated depr.) 1,000 500 $3,400 Tota 3-56 PM O Type here to search