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    Question 2

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    shanzay kamran
    In January, the company had an opening cash balance of £111,750. Cash inflows of £254,500 from sales were offset by cash outflows of £180,500 for wages and materials, leaving a closing balance of £185,750. In February, cash inflows of £455,000 and outflows of £535,000, including federal taxes, left a balance of £105,750. March saw cash inflows of £510,000 and outflows of £311,000 for wages, overheads and materials, closing at £304,750.

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    Question 2

    Uploaded by

    shanzay kamran
    3 views1 page
    In January, the company had an opening cash balance of £111,750. Cash inflows of £254,500 from sales were offset by cash outflows of £180,500 for wages and materials, leaving a closing balance of £185,750. In February, cash inflows of £455,000 and outflows of £535,000, including federal taxes, left a balance of £105,750. March saw cash inflows of £510,000 and outflows of £311,000 for wages, overheads and materials, closing at £304,750.

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    In January, the company had an opening cash balance of £111,750. Cash inflows of £254,500 from sales were offset by cash outflows of £180,500 for wages and materials, leaving a closing balance of £185,750. In February, cash inflows of £455,000 and outflows of £535,000, including federal taxes, left a balance of £105,750. March saw cash inflows of £510,000 and outflows of £311,000 for wages, overheads and materials, closing at £304,750.

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    Question 2

    Uploaded by

    shanzay kamran
    In January, the company had an opening cash balance of £111,750. Cash inflows of £254,500 from sales were offset by cash outflows of £180,500 for wages and materials, leaving a closing balance of £185,750. In February, cash inflows of £455,000 and outflows of £535,000, including federal taxes, left a balance of £105,750. March saw cash inflows of £510,000 and outflows of £311,000 for wages, overheads and materials, closing at £304,750.

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    Question 2

    January:
    Opening Cash Balance: £111,750
    Cash Inflows (10% of January sales + December's sales): £254,500
    Cash Outflows (Wages + Direct Material Purchased): £180,500
    Closing Cash Balance: £185,750
    February:
    Opening Cash Balance: £185,750
    Cash Inflows (10% of February sales + 90% of January sales): £455,000
    Cash Outflows (Wages + Overheads for January + Direct Material Purchased + Federal Tax):
    £535,000
    Closing Cash Balance: £105,750
    March:
    Opening Cash Balance: £105,750
    Cash Inflows (10% of March sales + 90% of February sales): £510,000
    Cash Outflows (Wages + Overheads for February + Direct Material Purchased): £311,000
    Closing Cash Balance: £304,750

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