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  3. alex only has $322 at the end of the week 2 becaus

Alex only has $322 at the end of the week 2 because out of the...

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Accounting

Alex only has $322 at the end of the week 2 because out of the total revenue earned by him of $2,700. He had to incur expenses for cost of goods sold, lease operating expenses and tax amounting to a total which leaves him $322.
10. During week 3, the weather is warm and the team has a 7-day homestand. Alex sells 1,700 hot dogs. After paying the cart vendor, Alex is left with $622
Prepare a cash flow statement for week 3.
Units
Alex's Hot dogs
Cash Flow Statement
Cash Generated from Operating Activities
Week 3 Cash Receipts from Sales
Total Cash from Operating Activities
Cash Used in Operating Activities
Payment of Accounts Payable
Operating Expenses
Taxes
Total Cash Used in Operating Activities
Cash Flow
Prepare a profit and loss stat inent for week 3
Units
Alex's Hot dogs
Profit and Loss Statement
Sales Activity
Week 3
Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Profit Before Taxes
Taxes
Net Profit
What is Alex's profit for week 3?
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