Answer:
a. Net cash flow = £7230
b. Total payments = £11680
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
a. For the month of August.
Net cash flow = Receipts - Total payments
Net cash flow = 17400 - 10170
Net cash flow = £7230
b. For the month of September
Total payments = Raw materials + fixed costs
Total payments = 9340 + 2340
Total payments = £11680
