Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Personal Cash Flow Statement and Ratio Analysis BACKGROUND INFORMATION Anne works full time and earns $3,475 per month before taxes and other payroll deductions. Anne

Personal Cash Flow Statement and Ratio Analysis BACKGROUND INFORMATION Anne works full time and earns $3,475 per month before taxes and other payroll deductions. Anne also works a part-time job on the weekends. Anne earns $800 per month (before payroll deductions) from her part-time job. Annes income taxes and other payroll deductions are $750 per month, in total, for both jobs. Anne earned $100 in interest in her savings account in September 2023. A summary of Annes assets and liabilities on September 30th , 2023, were as follows: Liquid Assets: $45,000 Total Assets: $375,000 Current Liabilities: $85,000 Total Liabilities: $180,000 Anne wants to obtain a better understanding of her expenses and so shes decided to track them on a spreadsheet for the month of September. A copy of the spreadsheet is included below.

image text in transcribed EQUIRED: a. Using the information above, calculate Anne's Net Cash Flow for the month of September 2023. Show your detailed calculation. (11 marks) b. What can you conclude from Anne's Cash Flow Statement for September? Provide two conclusions about Anne's cash flow. (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stock Market Investing For Beginners

Authors: Andrew P.C.

1st Edition

1549522132, 978-1549522130

More Books

Students also viewed these Finance questions

Question

=+b Calculate corporate value and shareholder value.

Answered: 1 week ago