1
What is another word for Cashflow and explain it?
Liquidity.it is the movement of money into and out of an organisation.
Which sport is known as the 'king of sports'?
Soccer
What country has the most natural lakes?
Canada
What is the national sport of Japan?
Sumo wrestling
What is the largest island in the Mediterranean Sea?
Sicily
Instead of income what is it called in a cashflow forcast
Which U.S. state is known as the "Sunshine State"?
Florida
Who was the first woman to win a Nobel Prize (in 1903)?
Marie Curie
Instead of expenditure what is it called in a cashflow forcast
Payments
Formula for working capital
Current assets - current liabilities
What is a fixed asset and give 1 example?
These are items owned by the business and intended for long term use. Eg vehicles and premises
Working capital means?
This is the money available to fun the organisation on a day to day basis
Name one way to deal with cashflow deficit?
Increase income, reduce expenditur and borrow
What saying do we use for buying on credit?
Buy now pay later
What type of seafood is used in the Spanish dish paella?
Shrimp/prawns
Name the 3 different types of financial needs
Short, medium and long term needs
Who played the lead role in the 2021 film 'The Batman'?
Robert Pattinson
Explain the matching principle
Ensures the source of finance matches with the Financial needs
Explain what a surplus is
When planned income is greater than planned expenditure
Explain what a creditor is?
Creditors are who the business owes money to
Who are debtors?
Debtors are people who owe money to an organisation
What is a cashflow forecast?
It is very similar to a household budget except that it is for an organisation.
Name 2 cashflow problems
Unable to pay bills, loss of discounts, penalties for late payments, poor reputation and credit ratign, lost opportunitie, increased borrowing costs and business failure.
Name one way to deal with cashflow surplus?
Save and invest, repay loan and fun some extra expenditure
What does a deficit mean?
When planned expenditure is greater than planned income