Question

Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.

Answer 1

Answer:

The answer is:

$Total \ liabilities = \ 2,395\\\\Net \ worth = \ 15,855 \\\\Total\ cash \ outflows = \ 1,950$

Explanation:

Please find the complete question in the attached file.

$\text{Total assets} = (450 + 1,890 + 7,800 + 2,350 + 1,500 + 3,400 + 860)= \ 18,250 \\\\\text{Total liabilities} = (\ 235 + \ 2,160)= \ 2,395 \\\\\text{Net worth} = (\ 18,250 - \ 2,395)= \ 15,855 \\\\\text{Total cash inflows} = \ 1,950 \\\\\text{Total cash outflows} = (650+345+230+180+110+65+80+90+70+130) = \ 1,950$