James' Jeans was established in 2014 by James, a fashion designer who decided to form the business after receiving multiple requests for jeans he had designed and tailored himself. After a few difficult years, the business is now growing rapidly. JURY Cash flow for James' Jeans for the year ending 30 June 2017 CASHFLOW Asteptember October November December OPENING BALANCE 561.175 S0.75 $112.305 315 5153,4555125.75 Cash incoming Sales $245.000 $225.000 $2274505220000197430 $250 300 A 51147 $160.500 5188.405 $213.800 MEX SITTS 5217015 S160220 214.400 $245.600 $225.000 $225.000 $197.00 5250.300 $160.00 S232.000 213.800 5214400 5217.015 Total incoming Cashouting Purchases stock Accountant fees Socio Advertising & marketing 3227400 568 500 $300 5260.000 $20.000 200.000 578 400 $1200 $20.000 500 S78900 $70580 $72300 SNO $71 200 $300 378130 3800 S75.000 $300 $20 000 $100.000 500 576400 S800 $2.000 525.000 $150 3800 574 700 5800 $25.000 500 S75640 $300 $2800 525.000 300 $25.000 500 $25 000 552.000 $52.000 $25 000 $80 S05.000 500 $3.500 $3.500 $250 $3500 $250 3250 2.000 600 $2.000 $2.000 $2.600 $8250 9800 $10.470 2600 S250 32.500 58250 58.250 2600 58250 $800 $1350 Credits Utbesetnica Telefone Lounas Rent Motor vehicle conses er merance Stationery & printing Insurance Superannuation Income Wions including PAYG) More Totale going Monthly cash balance CLOSING BALANCE 59500 $300 $1350 $5350 5190 $350 $300 $1350 56350 $19.050 563.500 $11.000 32 600 $2.500 2.600 $15.000 S250 $300 3300 $300 $1350 $1350 $1 56350 36350 $19050 $19.050 3100 $83.500 63.500 3500 $300 $1.350 30 $19050 563.500 $100 51350 $5.350 519050 $300 $1350 S80 $19.050 500 500 $300 $1350 S350 $19.050 563.500 100 5130 $6350 $19.00 S3500 $19.050 $19050 563.500 210.00 5200 310 0 540 02210 5201 500 200410 $215.00 $216.30 $225.710 $200.110 59.540 $20,200 $180 3151453125.175 $10.366 $196,010 $31.450 10.16 211.610 56.30 5174756 535.500 516.690 5112345 $45.140 335.7 S16ADS 512210 S177818 512800 51.220 $1.220 10.000 Based on the cash flow statement shown, does James' Jeans need to calculate its current cash runway? Select the best answer below. Yes, all businesses should calculate their cash runway at all times. Yes, James' Jeans needs to calculate its cash runway because it is still considered to be a startup business. No, a cash runway only needs to be calculated by startup businesses in the first 3 months of operation. No, James' Jeans has had a negative cash burn rate over the last 6 months so doesn't need to calculate a cash runway right now. January $108.385 February $174.755 March $129,615 April $165.405 May $177 615 June $190 220 $160.500 $238.000 $213.800 $217015 $214 400 $20.000 $200,000 $100,500 $217,015 $214400 $800 Cash flow for James' Jeans for the year ending 30 June 2017 CASHFLOW August September October November December OPENING BALANCE $61,175 $96.675 $112.305 $143.815 $153.455 $125.175 Cash incoming Sales $245.000 $225.000 $227.400 $226,000 $197.430 $250.300 Asset sales Debtor receits Other income Total incoming 5245.000 $225,000 5227.400 5220,000 $197.30 $250,300 Cash outgoing Purchases stock etc $76.400 $72.300 $68.500 $75.000 $71.200 $103.600 Accountant fees $800 5000 $800 800 $800 Solicitor fees $2.500 Advertising & marketing $25.000 $25.000 525.000 $28.000 $52.000 $52.000 Bank foes & charos $150 S60 500 $50 Credit Card fees Utiles colectivas water 3500 $3.500 Telephone $250 5250 5250 $250 Loan Dames 511000 Rent & rates $2.000 $2.000 52.000 52.000 32.000 $2.000 Motor vehicle is $8250 38.250 58250 $15.000 58 250 Recair & maintenance Stationery & Cristina $300 5300 5300 5300 $300 Insurance $1.350 $1.350 $1,350 $1,350 $1,350 $1350 Superannuation 50350 $6.350 $6.350 56350 56.350 Income tax $19.050 $19.060 $19.050 $19.050 $19,050 $19.050 Waces including PAYGX $63.500 $63.500 $83.500 $$3.500 $63.500 $63.500 More Total outgoing S210.100 S209 310 $196,010 $216 300 $225,710 $209.110 $78.400 $800 $1200 $28.000 560 $3.500 $78.130 5800 $25.000 560 $238,000 $74 700 5800 $25.000 SCO $213.000 $70.580 $800 $25.000 $50 $3.500 $76.900 5800 $25.000 560 $75,040 $800 $2.800 $25.000 S60 $250 52.000 58250 $250 $2.000 58250 $250 $10470 52000 38 250 50500 32.000 58.250 5300 $1350 56350 $19.050 $63.500 $250 $2.000 56250 $300 $1,350 56350 $19.050 $83.500 52.000 $8250 $300 $1350 $1.350 56.350 $19.050 $63.500 $1.350 55 350 $19.050 $63.500 $300 $1350 $6.350 $19.050 $93.500 $19.050 $63.500 $211.610 $206.340 $202 210 $201.590 $204.410 $215.620 Monthly cash balance CLOSING BALANCE $35,500 $96.675 $15.090 $112.365 $31.450 $143.815 59,640 $153.456 -$20,200 $125.175 -$10.010 $106.365 $68,390 $174.755 $45,140 $129.615 $35.790 $165.405 $12,210 $177,615 $12.605 $199.220 $1,220 $189.000