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The four month cash flow forecast for ABC Trading     April May June July Cash Inflows         Cash Sales 5 6 8 6 Payments from receivables 3 3 3 2 Total Cash Inflows 8 9 a 8 Cash Outflows         Supplier payments 2 3 5 4 Labour 2 1 4 3 Overheads 3 2 4 6 Total Cash Outflows 7 6 b 13 Net Cash flow 1 3 (2) d Opening Balance 2 3 6 e Closing balance 3 6 c f              

1e. Calculate the gross profit  attained for each of the 3 years (10)

2a. Calculate values for a,b,c,d,e,f                                                                                             (2)

2b. Recalculate the cash flow forecast for July showing that cash sales are now expected to be $2 million higher than originally forecast and labour and overheads expected to be 20% higher than forecast (6)

Below is an extract from the accounts of TFG company for the year ended 31 March 2021   Revenue $350m Cost of sales $120m Operating profit $30m Average inventory $40m Current assets(as at 31/03/21) $82m Current liabilities(as at 31/03/21) $102m Accounts receivable $40m Long term liabilities $65m Capital employed $120m

2c. Evaluate four ways in which ABC Trading could improve its cash flow position in July (8)

3b Evaluate the usefulness of the ratio analysis you have undertaken to the management of TFG   (4)

1c. Briefly explain capital equipment (3)

1f. Discuss the sources of finance WS could use if the joint venture proposal is agreed (10)

1a. Define the term unit costs    (2)