Question
Kevin Carter Male Clothing Ltd is a chain of fashion outlets across Birmingham and the midlands. In quarter 1 they had inflows of 540,000 across
Kevin Carter Male Clothing Ltd is a chain of fashion outlets across Birmingham and the midlands. In quarter 1 they had inflows of 540,000 across their three stores, with outflows of 495,000. Their opening balance for the quarter was 20,000. For quarter 2 they anticipate inflows to increase by 7.5% and outflows increase by 5%. Calculate their closing balance for Quarter 2.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
