Project #42296 - "PhyzKyd Only"

Cash Flow Problem: using previous problem’s data.

So now that you have the data from the 2nd Break Even problem, prepare a cash flow chart for the 13 months that you are in start-up mode. 

•Question:  What is the minimum amount of “cash-on-hand” (in the bank) do you need on the first day of business in order to pay all of you debts as they accrue until such time as you are receiving sufficient revenue from flight hours, memberships, and CFI fees to be able to then “pay-as-you go.”
•Assumptions: 
1.Income is all received timely (such as for hours flown, memberships, CFI fees) but only deposited into the bank on the first day of each month.  First deposit is February 1.
2.All expenses are paid timely on the first day of each month.  First checks for all accrued expenses (fuel, tie-down, loan, etc.) are issued on February 1, and every month thereafter.

Subject Mathematics
Due By (Pacific Time) 10/06/2014 07:00 am
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