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Hello students, here is a question.
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Identify one example of a cash flow for each type of activity i .e.
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An operating, investing, and financing of a beauty saloon business.
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Briefly justify your choices and state whether they are inflows or outflows.
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An example for cash inflow for operating activity is beauty saloon business could be a revenue generation from providing a services such as haircut, facial, and manicure.
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This is because the revenue from services is a primary source of income of a beauty saloon.
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This is a cash inflow.
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So when it comes to the second one which is investing activity.
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So for investing activity an example for cash outflow for investing activity is a beauty saloon business could be the purchase of a new equipment such as hair dryer, straining chair, and beauty product...