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PREPARING A PROSPECTIVE STATEMENT OF CASH FLOWS Jane and Harvey Wentland have decided to open a retail athletic supply store, Fitness Outfitters, Inc. They will stock clothing, shoes, and supplies used in running, swimming, bicycling, weight lifting, and other exercise and athletic activities. During their first year of operations, 2009, they expect the following results. (Subsequent years are expected to be more successful.) By the end of 2009, Fitness Outfitters needs to have a cash balance of $5,000 and is expected to have the following partial balance sheet:

PREPARING A PROSPECTIVE STATEMENT OF CASH FLOWS Jane and Harvey Wentland have decided to open a retail athletic supply store, Fitness Outfitters, Inc. They will stock clothing, shoes, and supplies used in running, swimming, bicycling, weight lifting, and other exercise and athletic activities. During their first year of operations, 2009, they expect the following results. (Subsequent years are expected to be more successful.) By the end of 2009, Fitness Outfitters needs to have a cash balance of $5,000 and is expected to have the following partial balance sheet:

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 15M
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PREPARING A PROSPECTIVE STATEMENT OF CASH FLOWS Jane and Harvey Wentland have decided to open a retail athletic supply store, Fitness Outfitters, Inc. They will stock clothing, shoes, and supplies used in running, swimming, bicycling, weight lifting, and other exercise and athletic activities. During their first year of operations, 2009, they expect the following results. (Subsequent years are expected to be more successful.)

By the end of 2009, Fitness Outfitters needs to have a cash balance of $5,000 and is expected to have the following partial balance sheet:

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