Farmer Bob's cash flow summary for March through October:
Farmer Bob started with $50 in opening balance in March but expenditures on farm hands, his salary, seeds, and fertilizer resulted in a net cash flow of -$3350, leaving a closing balance of -$3300. Cash flow remained negative through September due to ongoing costs outpacing little income. In October, sales of crops generated $25,000 in receipts, resulting in a positive net cash flow of $22,600 and closing balance of $3700.
Farmer Bob's cash flow summary for March through October:
Farmer Bob started with $50 in opening balance in March but expenditures on farm hands, his salary, seeds, and fertilizer resulted in a net cash flow of -$3350, leaving a closing balance of -$3300. Cash flow remained negative through September due to ongoing costs outpacing little income. In October, sales of crops generated $25,000 in receipts, resulting in a positive net cash flow of $22,600 and closing balance of $3700.
Farmer Bob's cash flow summary for March through October:
Farmer Bob started with $50 in opening balance in March but expenditures on farm hands, his salary, seeds, and fertilizer resulted in a net cash flow of -$3350, leaving a closing balance of -$3300. Cash flow remained negative through September due to ongoing costs outpacing little income. In October, sales of crops generated $25,000 in receipts, resulting in a positive net cash flow of $22,600 and closing balance of $3700.
Farmer Bob's cash flow summary for March through October:
Farmer Bob started with $50 in opening balance in March but expenditures on farm hands, his salary, seeds, and fertilizer resulted in a net cash flow of -$3350, leaving a closing balance of -$3300. Cash flow remained negative through September due to ongoing costs outpacing little income. In October, sales of crops generated $25,000 in receipts, resulting in a positive net cash flow of $22,600 and closing balance of $3700.
