A company is preparing a cash flow forecast. In January it forecasts its net cash inflow as
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A company is preparing a cash flow forecast. In January it forecasts its net cash inflow as £90,000, but in February it forecasts a net cash outflow of £75,000. If it starts on 1 January with a bank overdraft of £50,000, what will be its forecast bank balance on 28 February?
(a) £115,000 (overdrawn) bank balance
(b) £35,000 (positive) bank balance
(c) £35,000 (overdrawn) bank balance
(d) £115,000 (positive) bank balance
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Related Book For
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani
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