Question
The table below shows a partially completed cash-flow forecast for SunBake, a beach-side bakery, for May and June.
| May (£) | June (£) | |
|---|---|---|
| Total inflows | 8,400 | 11,200 |
| Total outflows | 6,900 | 8,500 |
| Net cash flow | (a) | (b) |
| Opening balance | 1,200 | (c) |
| Closing balance | (d) | 4,400 |
(a) Calculate the net cash flow for May. [1 mark] (b) Calculate the net cash flow for June. [1 mark] (c) State the opening balance for June. [1 mark] (d) Calculate the closing balance for May. [1 mark]
Mark scheme (AO2): (a) Net cash flow May = 8,400 − 6,900 = £1,500 (B1) (b) Net cash flow June = 11,200 − 8,500 = £2,700 (B1) (d) Closing balance May = 1,200 + 1,500 = £2,700 (B1) [note: (d) before (c) as it enables (c)] (c) Opening balance June = closing balance May = £2,700 (B1; follow through from (d))
Total: 4 marks.
4 marks · take your time before peeking.
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Generated by TopMyGrade AI · cross-check official sources before relying on the mark-scheme phrasing.