Question 1. Suppose net income for the coming year is forecasted to be $1,634 and dividends are forecasted to be $657. After careful analysis, you determine asset needs for next year are
$48,824 and liabilities are expected to be $12,869. Owner's equity of the year just completed was $9,040. Calculate the additional funds needed or generated for the coming year.
Question 2. Suppose that net cash flow from operating activities is expected to be $829 for the coming year and that net cash flow from investing activities is expected to be ($7,048). If the cash balance at the beginning of the forecast year was $1,222 and at the end of the forecast year it is expected to be $1,626, calculate net cash flow from financing activities for the forecast year.