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ScotlandBusiness ManagementQuick questions

Management of People and Finance

Quick questions on Cash budgets and cash flow: interpretation and solutions - SQA National 5 Business Management

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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State what is meant by the closing balance in a cash budget. [1 mark]
What is q2?
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A month has opening balance £800\pounds 800, receipts £3500\pounds 3500 and payments £3900\pounds 3900. Calculate the closing balance. [2 marks]
What is q3?
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Describe one way a business could improve its cash flow. [2 marks]

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