NEED HELP

 300 to 500- response addressing the following topics from Ch. 2:

  1. explain  each of the primary financial statements

• Income Statement
• Balance Sheet
• Statement of Cash Flows

1.  the difference between the income statement and the balance sheet?
2.  the difference between the income statement and the cash flow statement?
3. Why do you need all three to understand how a business is performing financially?
4.  does a balance sheet show that an Income Statement does not show?
5.  why each is important to a hospitality manager. (Three responses required here, one for each financial statement.) Yes, the Statement of Cash Flows does tie the income and balance sheet together, but how?
6.  the purpose of the three sections of the Statement of Cash Flows. 
7.  at least one specific example of cash inflow and one specific example of cash outflow for a hospitality business for each of these three sections (6 examples in total). Do not use the examples in the reading

 Part 2 -

In addition to the paper above, please respond to the following exercises:

1.  why depreciation expense should be added back when compiling the statement of cash flow.
2.  If beverage inventory for W.S. Sports Bar goes from $150,000 on December 31, 2009, to $135,000 on December 31, 2010, explain whether this will constitute a cash inflow or cash outflow and why for W.S. Sports Bar in its cash flow from operations.
3. Gabi’s Grill purchased a new ice machine in March. In Gabi’s cash flow statement for that month, is this a cash inflow or outflow?
4. In which section of the statement of cash flow will the purchase appear?

• Consider the aging table on page 48. What will be Christian Catering’s total estimated bad debts