Solution-Prepare a cash flow plan for the club train for

Prepare a cash flow plan for the club train for the month

Assignment Help Accounting Basics

Reference no: EM133113751

Question - Prepare a cash flow plan for the Club Train for the month of February to determine if a purchase of $150,000 can be afforded.

Club Train Cash Flow Analysis for Jan and Feb 2016
	Jan $	Feb $
Cash Sales	80,000	95,000
Collection from Accounts Receivable	13,860	12,000
Payments due to creditors	47,000	56,000
GST due to ATO	27,000	-
Salaries and Wages	20,000	18,000
Interest Payment	1,000	1,000
Other operating expenses paid	10,800	10,000
Loans repaid during period	5,000	5,000
Capital expenditure	-
Opening cash balance	132,000

Note - All purchases are paid for in the month following the month of purchases.

Reference no: EM133113751

Questions Cloud

Development of a sustainable supply network strategy : Need to conduct research to gain an understanding what are the most suitable sustainable supplier selection criteria for your business case

What is the company contribution margin : At a sales level of $300,000, James Company's gross margin is $15,000 less than its contribution margin, What is the company contribution margin

What is global financial governance : What is Global Financial Governance and Electronic Banking

Find the amount of increase : The FAA now figures the average checked bag to weigh 23 pounds. This is up from a previous figure of 21 pounds. Find the amount of increase

Prepare a cash flow plan for the club train for the month : Prepare a cash flow plan for the Club Train for the month of February to determine if a purchase of $150,000 can be afforded

Analyze the demand reasons for trade : Analyze Economies of Scale as a cause of trade. Who are the protagonists? Has evidence been given for it - Describe the different accounts

Portion of the return : You analyzed a possible 4 year investment for your firm, and calculated an IRR of 17.8% for the investment and the corresponding cash flows over the life of the

Normal principles of diversification : Would the normal principles of diversification have worked for investors during this crisis? Why or why not?

At what amount should the vehicles be recorded : DFE Enterprises purchased a small delivery business for $900,000 (GST exclusive). At what amount should the vehicles be recorded

User Account

All Pages

Prepare a cash flow plan for the club train for the month

Reference no: EM133113751

Reference no: EM133113751

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT