Opposite is a cash flow forecast for a coffee shop. The owner estimates that in quarter...
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Opposite is a cash flow forecast for a coffee shop. The owner estimates that in quarter 2, cash inflows will be 3/5 higher than quarter 1, whereas cash outflows will increase by 3/4. Using this information, calculate the closing balance for quarter 2. O Cash Inflows Cash Outflows Net Cash Flow Opening Balance Closing Balance Quarter 1 £7,000 £3,200 £3,800 £2,000 £5,800 Quarter 2 Opposite is a cash flow forecast for a coffee shop. The owner estimates that in quarter 2, cash inflows will be 3/5 higher than quarter 1, whereas cash outflows will increase by 3/4. Using this information, calculate the closing balance for quarter 2. O Cash Inflows Cash Outflows Net Cash Flow Opening Balance Closing Balance Quarter 1 £7,000 £3,200 £3,800 £2,000 £5,800 Quarter 2
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Answer rating: 100% (QA)
Cash inflows for quarter 2 Cash inflows for quarter 2 Cash inflows for quarter 1 Percentage increase ... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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