Chapter 27 Business- Forecasting cash flows

Descrição

AS - Level Business Studies (Unit 5 Flash cards for Key Terms) FlashCards sobre Chapter 27 Business- Forecasting cash flows, criado por Chuka Munkh-Achit em 24-04-2016.
Chuka Munkh-Achit
FlashCards por Chuka Munkh-Achit, atualizado more than 1 year ago
Chuka Munkh-Achit
Criado por Chuka Munkh-Achit aproximadamente 8 anos atrás
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Resumo de Recurso

Questão Responda
Cash flow The sum of cash payments to a business (inflows) - the sum of cash payments (outflows)
Liquidation When a firm ceases trading and its assets are sold for cash to pay suppliers
Insolvent When a business cannot meet its short-term debts
Cash inflows Payments in cash received by a business, such as those from customers (debtors) or from the bank e.g receiving a loan
Cash outflows Payments in cash made by a business, such as those to suppliers and workers
Debtors Customers who have bought products on credit will pay cash at an agreed date in the future
Cash-flow forecast Estimate of a firm's cash inflows and outflows
Net monthly cash flow Estimated difference between monthly cash inflows and outflows
Opening cash balance Cash held by the business at the start of the month
Closing cash balance Cash held at the end of the month becomes
Credit control Monitoring of debts to ensure that credit peroids are not exceeded
Bad debt Unpaid customers' bills that are now very unlikely to ever be paid
Overtrading Expanding a business rapidly without obtaining all of the necessary finance so that a cash flow shortage develops
Creditors Suppliers who have agreed to supply products and who have not yet been paid

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