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d) Propose and justify TWO strategies that could be used to improve the cash flow management of Beachside Plumbing.

d) Propose and justify TWO strategies that could be used to improve the cash flow management of Beachside Plumbing.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financial Data for Beachside Plumbing 2011 April Мay June Opening Balance 14 500 24 255 22 000 Sales 22 000 18 000 12 000 Interest 550 700 540 Debtors receipts 10 300 8 230 8 350 Total Cash Revenue 32 850 26930 20 890 Salaries 21 300 29 325 Expenses 850 235 3 200 Creditors paid 900 2 700 1 500 Other expenses 45 450 860 Total Cash Expenditures 23 095 29 185 34 885 Closing Balance 24 255 22 000 8 005 d) Propose and justify TWO strategies that could be used to improve the cash flow management of Beachside Plumbing.
Transcribed Image Text:Financial Data for Beachside Plumbing 2011 April Мay June Opening Balance 14 500 24 255 22 000 Sales 22 000 18 000 12 000 Interest 550 700 540 Debtors receipts 10 300 8 230 8 350 Total Cash Revenue 32 850 26930 20 890 Salaries 21 300 29 325 Expenses 850 235 3 200 Creditors paid 900 2 700 1 500 Other expenses 45 450 860 Total Cash Expenditures 23 095 29 185 34 885 Closing Balance 24 255 22 000 8 005 d) Propose and justify TWO strategies that could be used to improve the cash flow management of Beachside Plumbing.
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