Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

urgent!!!! PLWASE HELP WILL THUMBS UP!!! MyBiz Inc. has been your business for the past several years. You have put together your cash flow statements

urgent!!!! PLWASE HELP WILL THUMBS UP!!!

image text in transcribedimage text in transcribedimage text in transcribed

MyBiz Inc. has been your business for the past several years. You have put together your cash flow statements for the past 3 years to get a better idea of how your business is managing cash flow. Year ending December 31 2021 2020 2019 Cash flow from operations -56,000 -30,000 40,000 Cash flow from investing 20,000 15,000 -5,000 Cash flow from financing - 10,000 20,000 25,000 Net change in cash -46,000 5,000 60,000 Cash, beginning of year 197,000 192,000 132,000 Cash, end of year 151,000 197,000 192,000 Profit for the year (55,000) (25,000) 35,000 The next five questions relate to the cash flow statements below. The rest of the questions in this section of the exam are independent. Question 59 (1 point) Which life-cycle stage was the business most likely in, back in 2019? a) start-up b) maturity c) decline d) growth e) either growth or maturity Question 60 (1 point) Which life-cycle stage is the business most likely in by 2021? a) maturity b) either maturity or decline c) start-up d) decline e) growth

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

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding, Kate Mingjie Ji

4th Edition

1032024321, 9781032024325

More Books

Students also viewed these Accounting questions

Question

Give eye contact, but do not stare.

Answered: 1 week ago