They have a negative cash flow because their net

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They have a negative cash flow because their net operating activities is not breaking even, inother words, they are losing money.
2.Based on the profit-loss statement, name two ways Janet and Omar can improve their cashflow.
3.Omar and Janet decide to revise their budget for Rings and Things. What suggestions aboutlabor costs would you make, if the goal is to improve the business’s cash flow?
4.Omar and Janet are also trying to forecast what their federal and state income taxes will be atthe end of the year. If Rings and Things had a negative cash flow of –$150.00 per monthfrom January through April, but a positive cash flow of $1,000.00 per month (after expenses)from May through December, on what dollar amount will they determine their income taxes?What expenses could be used for tax deductions?
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Term
Spring
Professor
James
Tags
Balance Sheet, Generally Accepted Accounting Principles, Omar

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