Cash & Treasury Assessment 2 - Task 1
GeorgiaH
Registered Posts: 107
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
0
Comments
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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!1
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