Tandi Ltd has a current cash balance of £16,800, receivables of £36,000 and payables of £96,000. Tandi will sell goods c
Posted: Sun Jul 03, 2022 1:06 pm
Tandi Ltd has a current cash balance of £16,800,receivables of £36,000 and payables of £96,000. Tandi willsell goods costing £120,000 for £168,000 this month. 50% of allsales are collected in the month of sale and the balance in thefollowing month. Purchases are all made on one month's credit withpayment the month after Tandi sells them. Inventories willremain constant. Overheads paid in the month will be£144,000.
Which of the following is the overdraft at the end ofthe month?
A. £60,000
B. £62,400
C. £79,200
D. £103,200
Which of the following is the overdraft at the end ofthe month?
A. £60,000
B. £62,400
C. £79,200
D. £103,200