CAPE Management of Business Unit 1 · 2002 · Paper 1 · Question 14(a)

Iris operates a small wholesale grocery in Hurricane Hill. She sold 8 000 worth of goods to retailers on 30 day credit terms in November. She had cash totalling 40 000 at the end of November and expects total cash sales of $16 000 during the month of December.

Construct a cash flow forecast statement for Iris Wholesales for the month of December.