Question

Fill in the missing amounts

Answer 1

Answers:

                                     Mar        Abr         May

Receipts                     $1,155     $1,250    $945

Expenses                    $1,100    $990      $900

Net Cash Flow            $55        $260     $45

Cumulative Balance   $55        $315      $360

Solution:

1) Mar

Cumulative Balance Mar =Net Cash Flow Mar

Cumulative Balance Mar =$55

2) Abr

Net Cash Flow Abr=Receipts Abr-Expenses Abr

Net Cash Flow Abr=$1,250-$990

Net Cash Flow Abr=$260

3) May

Net Cash Flow May=Receipts May-Expenses May

$45=Receipts May-$900

Solving for Receipts May: Adding $900 both sides of the equation:

$45+$900=Receipts May-$900+$900

$945=Receipts May

Receipts May =$945