Cash & Treasury Assessment 2 - Task 1

GeorgiaH

Can any one help me with this question please?
I know how to work out the cash sales but need help with the rest

Thanks

Irrorate

Trade Receivables
Cash sales represents 20% of turnover meaning 80% are credit sales affecting TR in SLCA.
Period 5 turnover: £1,440
Period 5 cash sales: £288
Period 5 credit sales: £1152

Period 6 turnover: £1,520
Period 6 cash sales: £304
Period 6 credit sales: £1,216

Credit sales are £1,216 & the trade receivables have reduced £45 between the periods so £1,216 + £45 = £1,261.

Disposal
Difference in NBV from period 5 to period 6: £-145 of which £120 relates to depreciation leaving £25 relating to the sale.
We made a £5 loss on disposal so £20 is the receipt.

Car lease payments
Not too sure on this one, I think it's current period (£26) less the difference in the prepayment (£-2) = £24?

Not studied the unit so take this with a grain of salt!

GeorgiaH

Ah yeah I understand it now, thanks very much @Irrorate