Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The first picture is of the assignment instructions. The second picture is me making educated guesses for amounts and layout. Please let me know if
The first picture is of the assignment instructions. The second picture is me making educated guesses for amounts and layout. Please let me know if i did it right, and if i did it wrong, please redo it so i can see how its supposed to be.
I dont have any more information. The first picture is literally all she gave us. I just guessed amounts
Description Make a cash flow statement for an ice cream shop that carries five brands of ice cream. 1. You are located on Main Street in Saranac Lake. 2. You have one other partner. 3. You have each decided to put in $5000 together, or $10,000 total. 4. Ice cream cones are one size -- and cost $2.00 5. Your cash flow is for May, June, July, August, and September Include all possible expenses, revenues, and equity. Use a spreadsheet - HERE IS AN EXCEL VIDEO LINK to help Allie's Ice Cream Cash Flow Statement Max June September Expenses Revenues Revenues Revenues Revenues Revenues Expenses 151,3001 153001 Rent Expenses (51,300) (5300) Expenses $1.300) 15.300) Expenses 151,300) {$1,3001 Overhead (5300) 153001 Inventory: ke Cream 1 ke Cream 2 ke Cream 3 ke Cream ke Cream 15 Cones ISSON 151001 15501 (575) 15500 151,200) IS1001 153,225) SSOI (51001 ISSON (575) 15501 1$1.2001 IS1001 15501 ($100) 5503 15751 (550 ($1001 15509 15751 1550) $1,200) IS1001 (550) 151001 15501 15751 15501 151.2001 151001 ISSO 151.2001 151001 Insurance Sales $ 4.800 $ 4,600 $ 5,000 $ 5,200 $ 5,600 Tax $250 $258 $258 $258 $258 Cash From Operations $ 4,542 $ 4,342 $ 4,742 $ 4,942 $ 5342 Capital Cash From Investing $ $ 10,000 10,000 $ 10,000 $ 14,542 5 18,884 23,626 5 28,568 Beginning Cash Balance Ending Cash Balance $ 14,542 5 18,884 5 23,626 $ 28,568 S 33,910 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started