JING CASHFLOW EXERCISE:
Income:
Total Sales:
January to September: £3,000 each month
October to December: £4,500 each month
Credit sales: £1,000 from April to September, £1,500 from October to December
Rent from Accommodation:
January to September: £450 each month
October to December: £490 each month
Savings Injected into Business and Bank Loan:
July: Jing injects £7,000 of her savings and borrows £8,000 from the bank, totalling
£15,000 entering the business account.
Expenses:
Purchases:
Consistently £300 each month throughout the year.
Delivery Vehicle Cost:
In July: The vehicle is purchased for £15,000.
Mortgage on Shop:
Consistently £560 each month.
Business Rates:
Starts at £210 per month from March, payable in 10 instalments.
Owner’s Drawings:
Consistently £1,500 each month.
Advertising and Insurance:
Advertising: £25 each month.
Insurance: £110 each month.
Wages:
Starts at £900 per month and increases to £950 from May onwards.
Loan Repayment:
Begins at £200 per month in the month following the loan receipt.
Income:
Total Sales:
January to September: £3,000 each month
October to December: £4,500 each month
Credit sales: £1,000 from April to September, £1,500 from October to December
Rent from Accommodation:
January to September: £450 each month
October to December: £490 each month
Savings Injected into Business and Bank Loan:
July: Jing injects £7,000 of her savings and borrows £8,000 from the bank, totalling
£15,000 entering the business account.
Expenses:
Purchases:
Consistently £300 each month throughout the year.
Delivery Vehicle Cost:
In July: The vehicle is purchased for £15,000.
Mortgage on Shop:
Consistently £560 each month.
Business Rates:
Starts at £210 per month from March, payable in 10 instalments.
Owner’s Drawings:
Consistently £1,500 each month.
Advertising and Insurance:
Advertising: £25 each month.
Insurance: £110 each month.
Wages:
Starts at £900 per month and increases to £950 from May onwards.
Loan Repayment:
Begins at £200 per month in the month following the loan receipt.
