Lions Company had a bank balance of $100,000 at the end of January. During February,...
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Lions Company had a bank balance of $100,000 at the end of January. During February, it received cash from sales contracts in the amount of $275,000. During February, it also paid out a total of $35Y,000 cash to suppliers and employees, where Y = your group number from this semester's group work. Answer the following questions regarding Lions for the month of February a) What is the amount of cash inflow? (1 mark) b) Calculate the net cash flow. (1 marks) c) Will Lions require any form of financing to meet its cash flow needs during the month of February? Explain your answer. (2 marks) Lions Company had a bank balance of $100,000 at the end of January. During February, it received cash from sales contracts in the amount of $275,000. During February, it also paid out a total of $35Y,000 cash to suppliers and employees, where Y = your group number from this semester's group work. Answer the following questions regarding Lions for the month of February a) What is the amount of cash inflow? (1 mark) b) Calculate the net cash flow. (1 marks) c) Will Lions require any form of financing to meet its cash flow needs during the month of February? Explain your answer. (2 marks)
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