1. Farrah's Foodstuffs Ltd. has the following projected cash flows for the next two months:

(000s)	November	December
Cash inflows	$530	$477
Cash outflows	505	538

The company has a target cash balance of $15,000 and will start November with $23,000. What is the companys forecasted cumulative surplus or borrowing requirements for November and December? Prepare a cash budget for the months of November and December taking all the target ending cash balance numbers into account (4 Marks)

	Nov	Dec
Cash inflows
Cash outflows
Net cash flows
Beginning cash
Ending cash
Target cash
Surplus/(Deficit) cash	33000(surplus)	(28000) (borrowing)

Based on the financial information provided for Lothbrok Industries, calculate the company's total net operating capital for 2020.