Business, 05.06.2020 16:59 darlinsanchez08com

Joe Jones is preparing the statement of cash flows for Apricot Inc. He has determined that the net cash flow provided by operating activities for Apricot is an inflow of $45,042, the net cash flow used in investing activities for Apricot is $20,831, and the net cash flow used in financing activities for Apricot is $27,997. Joe has also determined that Apricot's beginning cash account balance is $12,083. The ending cash account balance for Apricot Inc is

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Answer from: ineedhelpplz40

The ending cash account balance for Apricot Inc is $8,297.

Explanation:

There are three components in the statement of cash flows:

Operating activities - Here, non-cash items applied to deriving the net income based on the accrual basis are adjusted for. Also, the movement in working capital and liabilities are accounted for.Investing activities encompass the assets purchased to generate the net income.Financing activities: These include activities that are geared towards improving the capital structure of the organization.

In deriving the cash flows at the end of the period, the balances in the activities above are added up, either outflow or inflow. Then the addition is added to the beginning balance of cash flows. This is done below.

Net cash flow provided by operating activities $45,042

Net cash flow used in investing activities ($20,831)

Net cash flow used in financing activities ($27,997)

Beginning cash account balance $12,083

Ending cash account balance $8,297

Answer from: Quest

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Answer from: Quest

for submitting your question to

the answer to your question is : c) a government agency or homeowner

due to his line of work, he is most likely employed by a government agency or homeowner due to the other choices not being logical haha.

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Joe Jones is preparing the statement of cash flows for Apricot Inc. He has determined that the net c...