July Aug. Sept. Oct. Nov. Dec. Receipts $500 $550 $700 $850 $795 $715 Expenses $490 $550 $600 $795 $ $650 Net Cash Flow $ $0 $ $55 $45 $ Cumulative Balance $10 $ $110 $ $210 $275 the missing values are 750, 10, 100, 65, 10, 165
This is further explained below.
<h3>What is Cumulative Balance?</h3>
Generally, The term "cumulative balance" refers to the total amount of money left over at the end of a fiscal year after all surplus amounts have been subtracted from deficit amounts. If there is a negative amount in the Cumulative Balance at the conclusion of a fiscal year, then that balance will be carried forward and used as the opening balance for the next fiscal year.
The term "cumulative account" refers to the total amount of an employee's account under a defined contribution plan (for an unaggregated plan) or the total amount of an employee's account under all defined contribution plans included in an Aggregation Group (for aggregated plans), both of which are determined as of the most recent plan valuation date within the most recent 12-month period that ends on the...
In conclusion, for the following data July Aug. Sept. Oct. Nov. Dec. Receipts $500 $550 $700 $850 $795 $715 Expenses $490 $550 $600 $795 $ $650 Net Cash Flow $ $0 $ $55 $45 $ Cumulative Balance $10 $ $110 $ $210 $275 the missing values are 750, 10, 100, 65, 10, 165
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