A company has opening receivables at the start of March of $356,789. 5% of receivables will be written off as irrecoverable debts. Budgeted sales in the month are $875,234 and closing receivables are expected to be $379,365. How much cash is expected to be received from receivables?
A. $852,658
B. $834,819
C. $897,810
D. $915,649
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Which of the following types of short-term investment has the lowest risk?
A. Local authority stock
B. Government stock
C. Bank deposit
D. Equities
How could a business fund a short term cash shortfall?
A. Issue equity (sale of shares)
B. Long term loan
C. Issue bonds
D. Overdraft
Classify the following receipts or payments as revenue items, capital or drawings.Payment of salary to employees
A. Revenue items
B. Capital
C. Drawings
Purchase of materials
A. Revenue items
B. Capital
C. Drawings
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