Cash Flow Flashcards
1
Q
What is a cash flow forecast
A
Inflows and outflows or cash that the managers expect
2
Q
What are payables
A
Amount of time taken by a business to pay its suppliers and other creditors
3
Q
What are receivables
A
Amount of time taken by a businesses customers and debtors to a business for supplies
4
Q
What is trade credit
A
Period of time given to suppliers before customers have to pay for goods and services
5
Q
How to work out cash flow forecast
A
Opening balance + inflows- outflows= closing bank balance
