Charlie has been in an automobile accident. no one was injured, but his car is pretty banged up. the damage to his car is estimated to be $2,500. his insurance will cover everything after he pays his $500 deductible. in the short term, charlie's accident will end up costing him

$500

Explanation:

An insurance deductible refers to a pre-defined amount of money that the policy holder must pay the insurance provider before they pay any expenses. Therefore after paying the $500 deductible the insurance provider in this scenario has agreed to cover all of the costs associated with this automobile accident. Thus Charlie's accident will only end up costing him $500.

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

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