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QUESTION

A business had payments to suppliers of $453, employees $121. Customer receipts $654, interest paid $10. Calculate net fund of the business from...

1. A business had payments to suppliers of $453, employees $121. Customer receipts $654, interest paid $10. Calculate net fund of the business from operating activities.

2. A business had net cash flows from operating activities of $64, from investment activities of -$42 and from financing activities of -$20. Calculate the net cash position of the business.

3. A business had $5 in the bank, accounts receivable of $6, accounts payable of $3, inventory of $4 and accrued expenses of $1. Calculate the current ratio for the business. 

4. During the year ended 30 June, the owner of a business paid $2000 in insurance. Of this amount $333 related to July and August 2010. How would the amount $333 would be shown in the balance sheet at 30 June 2010? 

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