Operating/Financing and Investments.
What is Statement of Cash Flows? Discuss. Also discuss the three activities which are part of the statement. Operating/Financing and Investments.
1. Discuss what role FinTech is playing in the financial industry. Also how companies are increasing their sales through technology.
2. Explore the website of FICO and write TWO pages as to what info you found on the website. Either you are applying for a loan as a business owner or for personal use this score is very important to keep track. Explore different tabs.
WWW.MYFICO.COM
3. Explore the website of Motley Fool and write TWO pages as to what info you found on the website. Explore different tabs.
Sample Solution
What is Statement of Cash Flows? The statement of cash flows is a financial statement that shows how much cash a company generates and uses over a period of time. It is divided into three sections: operating activities, investing activities, and financing activities.- Operating activities are the day-to-day activities of the business that generate cash, such as selling goods or services, collecting payments from customers, and paying expenses.
- Investing activities are the activities that involve the purchase or sale of long-term assets, such as land, buildings, and equipment.
Full Answer Section
- Financing activities are the activities that involve the raising or paying of money, such as issuing stock, borrowing money, and repaying debt.
- Operating activities are the cash inflows and outflows that result from the company's normal business activities. This includes activities such as selling goods or services, collecting payments from customers, and paying expenses.
- Investing activities are the cash inflows and outflows that result from the company's purchase or sale of long-term assets. This includes activities such as buying land, buildings, and equipment, and selling these assets.
- Financing activities are the cash inflows and outflows that result from the company's raising or paying of money. This includes activities such as issuing stock, borrowing money, and repaying debt.
- Making it easier for people to access financial services. FinTech companies are using technology to make it easier for people to open bank accounts, apply for loans, and manage their finances.
- Making financial services more affordable. FinTech companies are using technology to reduce the cost of financial services, making them more affordable for people of all income levels.
- Making financial services more transparent. FinTech companies are using technology to make financial services more transparent, so that people can better understand their finances and make informed decisions.
- Using e-commerce to sell products and services online. E-commerce has made it possible for companies to reach a global audience and sell their products and services 24/7.
- Using social media to market their products and services. Social media allows companies to connect with potential customers on a personal level and build relationships.
- Using mobile apps to make it easier for customers to shop. Mobile apps allow customers to shop from anywhere, at any time.
- Using data analytics to improve their marketing campaigns. Data analytics allows companies to track the effectiveness of their marketing campaigns and make adjustments as needed.
- A credit score simulator that allows you to see how your credit score would change if you made certain changes to your credit report.
- A credit score guide that explains what credit scores are and how they are calculated.
- Tips on how to improve your credit score.