Finance Business 2 0.0 / 5 ? Business StudiesFinanceGCSEWJEC Created by: Jordan OCreated on: 09-03-18 06:18 What is cash inflow? It is the funds recieved by a company due to sales 1 of 7 What is cash outflows? It is the amount of cash that a business spends 2 of 7 What is net cash flow? It is the difference of cash inflows and outflows 3 of 7 What is opening balance? It is the amount of money in a bank account when opened 4 of 7 What is closing balance? It is the positive/negative amount remaining at the end of a period 5 of 7 What is a cash flow forecast used for? It shows if the business needs to borrow money and how they will repay it 6 of 7 Explain ways a business could improve it's cash flow? Encourage payment cards. Speed up receipt cash. Also work with an accountant 7 of 7
Comments
No comments have yet been made