Q$2$ Fast Solutions

John Wise, a sole trader and computer science graduate, wants to expand his IT consultancy business called Fast Solutions. John operates from home, but is now considering relocating to a rented office from the start of January $2005.$ Abby, a graduate in accounting and finance is looking for business opportunities and has saved $$2000$ to be used as her own start$-$up capital. She is considering the option of forming a business partnership with John.

Ahby is impressed hy Fast Solutions's level of profit for $2004,$ hut would like John to produce a cash flow forecast for $2005$ before she makes a decision on forming a business partnership with him.

John has produced forecasted sales revenue and costs for January to June $2005$:

John expects to receive monthly revenue of $$1000.60\%$ of this will be paid in cash with the remaining $40\%$ received one month later.

$\backslash$table$[[$Electricity bill,$$100$