fill in the missing amounts. jan feb mar apr may june receipts $1200 $1325 $1375 $1250 $ $1050 expenses $950…

fill in the missing amounts. jan feb mar apr may june receipts $1200 $1325 $1375 $1250 $ $1050 expenses $950 $1025 $1100 $900 $975 $825 net cash flow $250 $ $275 $ $145 $225 cumulative balance $ $550 $ $1175 $1320 $

fill in the missing amounts. jan feb mar apr may june receipts $1200 $1325 $1375 $1250 $ $1050 expenses $950 $1025 $1100 $900 $975 $825 net cash flow $250 $ $275 $ $145 $225 cumulative balance $ $550 $ $1175 $1320 $

Answer

Explanation:

Step1: Calculate Feb net - cash flow

Net cash flow = Receipts - Expenses. For Feb, Receipts = $1325 and Expenses = $1025. So, $1325−$1025 = $300.

Step2: Calculate Apr net - cash flow

For Apr, Receipts = $1250 and Expenses = $900. So, $1250−$900 = $350.

Step3: Calculate Jan cumulative balance

The cumulative balance for Jan is the net - cash flow for Jan since it's the first month. So it's $250.

Step4: Calculate Mar cumulative balance

The cumulative balance for Mar is the cumulative balance for Feb plus the net - cash flow for Mar. Cumulative balance for Feb is $550 and net - cash flow for Mar is $275. So, $550 + $275=$825.

Step5: Calculate May receipts

Net cash flow for May is $145 and Expenses is $975. Using Net cash flow = Receipts - Expenses, we can find Receipts. Receipts=Net cash flow + Expenses. So, $145 + $975 = $1120.

Step6: Calculate June cumulative balance

The cumulative balance for June is the cumulative balance for May plus the net - cash flow for June. Cumulative balance for May is $1320 and net - cash flow for June is $225. So, $1320+ $225 = $1545.

Answer:

Jan Feb Mar Apr May June
Receipts $1200 $1325 $1375 $1250 $1120 $1050
Expenses $950 $1025 $1100 $900 $975 $825
Net Cash Flow $250 $300 $275 $350 $145 $225
Cumulative Balance $250 $550 $825 $1175 $1320 $1545