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Leaving Cert accounting - cash budgeting

armbruster · 2008-03-15 22:30:15

I'm doing the cash budgeting question on the 2002 paper at the moment, this is last section of my revision. The question states at the end that one quarter of the loan on 31 Jan is to be repaid with interest in June. If you look up the paper (examinations.ie) there's no mention of a loan and I can't seem to understand were…

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15-03-2008 11:30pm

#1

armbruster

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I'm doing the cash budgeting question on the 2002 paper at the moment, this is last section of my revision.

The question states at the end that one quarter of the loan on 31 Jan is to be repaid with interest in June. If you look up the paper (examinations.ie) there's no mention of a loan and I can't seem to understand were the figure on the marking scheme came from?

Anyone out there seen the question - know what to do?

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#2 15-03-2008 11:39pm
acc grinds

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In point (iii) it says that O'toole wishes to keep a minimum cash balance of €6,000 each month.
So any month that the cash is below that figure he will get a loan.

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#3 16-03-2008 2:59pm
Mars Bar

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We aren't even looking at Cash budgeting because they came up last year...

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