Business Finance and Control Past Paper Examination Question - 2010 - Adapted Bill Stanley produces handmade greetings cards which are sold to customers at craft fairs and through craft shops. Bill has drawn up a cash flow forecast for the rest of the year. CASH FLOW FORECAST JUNE TO DECEMBER 2010 BILL’S JUN JUL AUG SEPT OCT NOV DEC Receipts £ £ £ £ £ £ £ Turnover 2000 2000 2000 2200 2500 Payments Materials 450 500 550 500 550 Wages 1500 1500 1500 1500 1500 1500 1500 Electricity 300 Business rates 5100 Insurance 50 50 50 50 50 50 50 Total Payment 7050 2250 2100 2100 2100 Net cash flow 0 50 -100 100 50 Opening bank balance 6000 950 1000 900 1000 1050 Closing bank balance 950 950 1000 900 1050 Study the cash flow forecast and complete the shaded areas. (12) (a) (b) (i) What is a cash flow (2)
Business Finance and Control Past Paper Examination Question - 2010 - Adapted Bill Stanley produces handmade greetings cards which are sold to customers at craft fairs and through craft shops. Bill has drawn up a cash flow forecast for the rest of the year. BILL’S CASH FLOW FORECAST JUNE TO DECEMBER 2010 JUN JUL AUG SEPT OCT NOV DEC Receipts £ £ £ £ £ £ £ Turnover 2000 2000 2000 2200 2500 Payments Materials 450 500 550 500 550 Wages 1500 1500 1500 1500 1500 1500 1500 Electricity 300 Business rates 5100 Insurance 50 50 50 50 50 50 50 Total Payment 7050 2250 2100 2100 2100 Net cash flow 0 50 -100 100 50 Opening bank balance 6000 950 1000 900 1000 1050 Closing bank balance 950 950 1000 900 1050 (a) Study the cash flow forecast and complete the shaded areas. (12) (b) (i) What is a cash flow (2)
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