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Answer on Other Math Question for courtney

Question #22384
Draw up a cash flow forecast for N and M restaurant for the 3-month period April to June 2009.
1. The opening cash balance will be €55,000
2. All sales will be on credit
3. Wages are paid in the same month as they are incurred.
4. Debtors will pay 50% of what they owe in the month following sales and the balance one month
later.
5. The company intends to pay for all materials bought 2 months after receiving them.
6. Overheads are to be paid one month after they are incurred.
The following figures (all in €) are to be used when compiling the cash flow forecast.
Month wages incurred materials purchased overheads sales
Feb 4,000 10,000 5,000 14,000
March 5,000 10,500 5,300 15,200
April 4,000 9,000 4,800 14,750
May 5,200 11,000 5,450 16,000
June 5,000 10,750 5,000 14,000
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