Exam-style practice

Finance practice questions

Practise mixed syllabus-aligned questions for Finance. Aligned to OCR Gcse Business.

123

Questions

0

Supported

Practice

Mode

Finance

Topic

Practice questions

Question 121 of 123

Choose an answer, get feedback, then move sideways through the set.

0 of 2 attempted

a. Calculate A small independent bakery, 'The Daily Loaf', had an opening cash balance of £800 at the start of October. During October, their cash inflows were £2,500 from sales and £500 from a small loan. Their cash outflows for the month included £1,200 for ingredients, £900 for staff wages, and £300 for rent. Calculate 'The Daily Loaf's' closing cash balance for October. Show your workings. [4 marks] b. Explain Explain two reasons why 'The Daily Loaf' should regularly prepare cash flow forecasts, even if their current cash balance is healthy. [4 marks]

Finance questions | OCR GCSE Business | ExamCompanion