Answer on Other Economics Question for faith
Use the information in the below table and the bullet list to produce a cash-flow chart for 12 month period. The opening bank balance for July is £10,000. Note that the wages bill is higher in November when a bonus is paid.P6
Month Jul Aug Sep Oct Nov Dec Jan Feb Ma AP MAY JUN
Income 20 20 18 50 60 10 2 2 4 6 10 30
Expenditures per month :
Containers for fireworks :£3,000
Wages £14,000 (except November, £20,000)
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