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Universal Business Cash-Flow Cycle ©

DEBT

EQUITY

BALANCE SHEET

ASSETS = DEBT + EQUITY---------------------------------------

LENDERS

CUSTOMERS

INVESTORS

SALES INFLOW(Costs)(Expenses)

_________________________

NET OPERATING C FLOW

(Debt-Service)

(Income Taxes)

(Distributions to Investors)________________________

CASH FLOW

ASSETS

• Landlord• Suppliers• Labor• Etc.

• State• Uncle Sam

2

13

4 5

6

7

8

10

9

1. Equity Funding2. Debt Funding3. Acquisition of Assets4. Production of Goods & Services5. Sales Income

6. Payments to Suppliers of Goods & Services7. Debt-Service (Principal & Interest)8. Payment of Taxes9. Earnings Distributions

10. Reinvestment for Growth

Reinvestment

Investors