Budgeting (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a household budget?
What is a household budget?
A plan for expected income & expenses
What does a cashflow forecast show?
What does a cashflow forecast show?
Expected cash inflows & outflows
What is included in Receipts in a cashflow forecast?
What is included in Receipts in a cashflow forecast?
Cash & credit sales plus rental income
How is Net Cash calculated?
How is Net Cash calculated?
Receipts minus Payments
What is Closing Cash?
What is Closing Cash?
Net Cash plus Opening Cash
Why do businesses prepare cashflow forecasts for accessing finance?
Why do businesses prepare cashflow forecasts for accessing finance?
Lenders require it to evaluate health
How does tracking spending help households?
How does tracking spending help households?
Shows essentials vs non-essentials
When does a deficit arise?
When does a deficit arise?
When income is lower than expenditure
How can a company raise income to deal with a deficit?
How can a company raise income to deal with a deficit?
Increase the cost of their products
How can reducing expenditure help avoid deficits?
How can reducing expenditure help avoid deficits?
By deferring large expenses