MyBiz Inc. has been your business for the past several years. You have put together your cash flow statements for the past 3 years to get a better idea of how your business is managing cash flow. Year ending December 31 Cash flow from operations Cash flow from investing Cash flow from financing Net change in cash Cash, beginning of year Cash, end of year Profit for the year 2021 -56,000| 20,000 -10,000 -46,000 197,000 151,000 (55,000) 2020 -30,000| 15,000 20,000 5,000| 192,000 197,000 (25,000) 2019 40,000 -5,000 25,000 60,000 132,000 192,000 35,000 The next five questions relate to the cash flow statements below. The rest of the questions in this section of the exam are independent.
MyBiz Inc. has been your business for the past several years. You have put together your cash flow statements for the past 3 years to get a better idea of how your business is managing cash flow. Year ending December 31 Cash flow from operations Cash flow from investing Cash flow from financing Net change in cash Cash, beginning of year Cash, end of year Profit for the year 2021 -56,000| 20,000 -10,000 -46,000 197,000 151,000 (55,000) 2020 -30,000| 15,000 20,000 5,000| 192,000 197,000 (25,000) 2019 40,000 -5,000 25,000 60,000 132,000 192,000 35,000 The next five questions relate to the cash flow statements below. The rest of the questions in this section of the exam are independent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer both subparts
59 and 60
Transcribed Image Text:Question 59-
stae
Which life-cycle stage was the business most likely in, back in 2019?
a) start-up
b) maturity
c) decline
d) growth
e) either growth or maturity
Question 60 ge
ssice is
Which life-cycle stage is the business most likely in by 2021?
a) maturity
b) either maturity or decline
c) start-up
d) decline
e) growth
Transcribed Image Text:MyBiz Inc. has been your business for the past several years. You have put together
your cash flow statements for the past 3 years to get a better idea of how your
business is managing cash flow.
Year ending December 31
Cash flow from operations
Cash flow from investing
Cash flow from financing
Net change in cash
Cash, beginning of year
Cash, end of year
Profit for the year
2021
-56,000
20,000
-10,000
-46,000
197,000
151,000|
(55,000)
2020
-30,000
15,000
20,000
5,000
192,000
197,000
(25,000)
2019
40,000
-5,000
25,000
60,000
132,000
192,000
35,000
The next five questions relate to the cash flow statements below. The rest of the
questions in this section of the exam are independent.
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