Required Complete this Cashflow. Note: Staff Wages were $2500 in July. Below is information that James has
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Complete this Cashflow.
Note: Staff Wages were $2500 in July.
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Below is information that James has collected as part of the planning for the new business. Shop space rental: Estimate of business start-up costs to be paid in cash They assume all sales will be in cash. Also, they feel the shop will be popular and have made the following forecast regarding sales and monthly costs. They have not created a cash-flow forecast before. £ بی Sales Total Inflows Cash outflows Insurance, Rates & council tax etc. Staff wages Launch marketing Other costs Rent, overhead July 5,000 5,000 7,000 2,5000 6,000 £2,500 per month £55,000 (shopfitting, etc.) 20,000 Total Cash Outflows 35,500 NET CASH FLOW August September October November December 12,000 6,000 6,000 4,000 6,000 3,000 6,000 6,000 20,000 6,000 James and John are not sure whether they should apply for a bank loan. James and John will each take £1,500 per month from the business. Below is information that James has collected as part of the planning for the new business. Shop space rental: Estimate of business start-up costs to be paid in cash They assume all sales will be in cash. Also, they feel the shop will be popular and have made the following forecast regarding sales and monthly costs. They have not created a cash-flow forecast before. £ بی Sales Total Inflows Cash outflows Insurance, Rates & council tax etc. Staff wages Launch marketing Other costs Rent, overhead July 5,000 5,000 7,000 2,5000 6,000 £2,500 per month £55,000 (shopfitting, etc.) 20,000 Total Cash Outflows 35,500 NET CASH FLOW August September October November December 12,000 6,000 6,000 4,000 6,000 3,000 6,000 6,000 20,000 6,000 James and John are not sure whether they should apply for a bank loan. James and John will each take £1,500 per month from the business.
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Auditing A Risk Based Approach to Conducting a Quality Audit
ISBN: 978-1305080577
10th edition
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
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