The following is a list of amounts taken from the records of Don's Dents,a second-hand car sales yard operating in Taranaki,for the year to 31/12/20X1.
a Prepare a fully classified Cash Flow Statement for the year ending 31 December 20X1.(Note: some items listed are not cash flow items. )
b Comment on Don's cash flows,in regard to operating,investing and financing activities,the ending cash bank balance,and any items you consider are relevant.
c Assume Don's net profit on his Income Statement is $210,000.Compare this with the final net operating cash flow for the business,and suggest reasons for the difference.
d Make 3 recommendations to Don in regard to his cash flows and cash position.

Question

The following is a list of amounts taken from the records of Don's Dents,a second-hand car sales yard operating in Taranaki,for the year to 31/12/20X1.
  a Prepare a fully classified Cash Flow Statement for the year ending 31 December 20X1.(Note: some items listed are not cash flow items. )
b Comment on Don's cash flows,in regard to operating,investing and financing activities,the ending cash bank balance,and any items you consider are relevant.
c Assume Don's net profit on his Income Statement is $210,000.Compare this with the final net operating cash flow for the business,and suggest reasons for the difference.
d Make 3 recommendations to Don in regard to his cash flows and cash position.

Quizplus · Accepted Answer

The Answer of The following is a list of amounts taken from the records of Don's Dents,a second-hand car sales yard operating in Taranaki,for the year to 31/12/20X1.
  a Prepare a fully classified Cash Flow Statement for the year ending 31 December 20X1.(Note: some items listed are not cash flow items. )
b Comment on Don's cash flows,in regard to operating,investing and financing activities,the ending cash bank balance,and any items you consider are relevant.
c Assume Don's net profit on his Income Statement is $210,000.Compare this with the final net operating cash flow for the business,and suggest reasons for the difference.
d Make 3 recommendations to Don in regard to his cash flows and cash position.

The Following Is a List of Amounts Taken from the Records