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Title: BTEC Level 3 Business - Unit 5 Business Accounting - D1
Description: n excellent assignment which meets the criteria for D1 - Business Accounting - BTEC Level 3 Extended Diploma in Business. D1 - Justify actions a business might take when experiencing cash flow problems
Description: n excellent assignment which meets the criteria for D1 - Business Accounting - BTEC Level 3 Extended Diploma in Business. D1 - Justify actions a business might take when experiencing cash flow problems
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Conor Cunningham D1
d) Revise the cash flow forecast for 2016 to allow the business to meet its financial
obligations during the year and deals with the problems listed in (iii)
...
D1 (BA)
Joan Thompsons – Cash flow forecast revised
It is clear to see that Joan Thompsons party planning business has a negative cash flow and
has to be corrected in order for the business to be financially stronger
...
Joan had a very high expenditure for rent and rates
...
00
being spent on rent and rates
...
00 per month which will
help with the cash flow of the business
...
Joan could also reduce her office expenses
...
Each month, I’ve reduced the office
expenses by £30
...
00 to £250
...
Reducing the expenses here will
subsequently allow more capital in the business, resulting in a more positive cash flow
...
Cash drawings are important for Joan as this is likely to be a source of income for herself
...
I’ve amended the monthly cash drawing from £1,6000
...
00
...
00 at the end of each month will help increase
Conor Cunningham D1
the opening balance of the following month
...
Phone and postage is a small expense to Joan
...
The expense for phone and postage is now £120
...
Advertising is important for Joan’s
party planning business and it helps attract new customers
...
I recommend that Joan reduces her advertising from £170
...
00 per
month
...
Joan should ensure that her wages are not too high which can damage profitability of her
business
...
00/£3,000
...
00 per month
...
This capital could be spent on purchasing
more stock or potentially expanding
...
Joan may allow her customers too much credit
...
00
...
By making these changes to the cash flow forecast of Joan’s business improves the cash flow
throughout
...
Joan’s expenses were too high and this
resulted in the business being in a loss-making position
...
I’ve
made appropriate changes which will improve Joan’s businesses
...
00 and
when the cash flow forecast was revised, the closing balance improved immensely to
£1,731
...
This significant improvement in cash flow was due to changes in the expenditure
of the business
...
Title: BTEC Level 3 Business - Unit 5 Business Accounting - D1
Description: n excellent assignment which meets the criteria for D1 - Business Accounting - BTEC Level 3 Extended Diploma in Business. D1 - Justify actions a business might take when experiencing cash flow problems
Description: n excellent assignment which meets the criteria for D1 - Business Accounting - BTEC Level 3 Extended Diploma in Business. D1 - Justify actions a business might take when experiencing cash flow problems