Cash flow incorrect

[simpleuser]

Dear all,

I am making exercises to improve my accounting abilities (and ofcourse to learn more about accounting), however I am making mistakes. Could some tell me what the cash flow is in May?

I have included my calculations and the assignment as attachments. My answer: the cash flow of month May is 14 000. But this is incorrect, could someone point me to the right direction?

Thanks!

 

[ArcSine]

Your solution is almost correct. The only error is that depreciation is not a cash-flow item.

Hence the actual cash flow for May is 19,000.

 

[simpleuser]

Ah thanks! So that was my mistake.