An extract from Pia's Diner's cash flow forecast for July is shown below. | | £ | |---------------|--------| | Total inflow | ? | | Total outflow | 13500 | | Net cash flow | -1900 | | Opening balance| -2300 | | Closing balance| -4200 | Pia's Diner's total inflow for July is expected to be: A £7000 B £9300 C £11 200 D £11 600 Your answer:

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An extract from Pia's Diner's cash flow forecast for July is shown below - OCR - GCSE Business - Question 9 - 2021 - Paper 1

Question 9

An extract from Pia's Diner's cash flow forecast for July is shown below. | | £ | |---------------|--------| | Total inflow | ? | | Total o... show full transcript

Worked Solution & Example Answer:An extract from Pia's Diner's cash flow forecast for July is shown below - OCR - GCSE Business - Question 9 - 2021 - Paper 1

Step 1

Calculate Total Inflow

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Answer

To find the total inflow, we can use the cash flow formula:

ext{Closing balance} = ext{Opening balance} + ext{Total inflow} - ext{Total outflow}

Rearranging this gives us:

ext{Total inflow} = ext{Closing balance} - ext{Opening balance} + ext{Total outflow}

Now we plug in the values from the cash flow forecast:

Closing balance = -4200
Opening balance = -2300
Total outflow = 13500

So,

ext{Total inflow} = -4200 - (-2300) + 13500

Calculating this:

ext{Total inflow} = -4200 + 2300 + 13500 = 9100\

Thus, the total inflow is £9300.

The expected answer is B: £9300.

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An extract from Pia's Diner's cash flow forecast for July is shown below - OCR - GCSE Business - Question 9 - 2021 - Paper 1

Worked Solution & Example Answer:An extract from Pia's Diner's cash flow forecast for July is shown below - OCR - GCSE Business - Question 9 - 2021 - Paper 1

Calculate Total Inflow

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