Lesson 2.5 Cash Receipts and Cash Payments Complete the cash payments record with special columns below. Check your work by adding horizontally
the totals of each of the Type of Payment columns
Week
Rent
875.00
Oct. 1-7
8-14
15-21
22-28
29-31
Totals
Type of Payment
Total Payment
Food Clothing Other Savings
156.22 201.89 25.00 100.00
135.88
15.98
18796
123.73 100.00
184.55 156.89 57.61
92.451
88.50
I

The owners of spokes bicycle shop worry that cash flow this winter may be insufficient to meet the current operating expenses. while they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. the owners can best resolve cash flow concerns by obtaining financing.

Historically, 12 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the firm's computer database. the number of customers out of 19 who have an incorrect address in the database is a binomial random variable with n = 19 and 2formula36.mml = 0.12.

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