Cash flow statement 2008 Cash receipts (a)€175,000 Cash sales€40,000 Loans €215,000 Total cash...
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Transcript of Cash flow statement 2008 Cash receipts (a)€175,000 Cash sales€40,000 Loans €215,000 Total cash...
Cash flow statement
2008
Cash receipts (a) €175,000
Cash sales €40,000
Loans €215,000
Total cash receipts
Cash payments (b)
Rent €102,000
Admin €85,000
Total cash payments €187,000
Net cash flow €28,000
Profit and loss account
2008
Net sales (c) 250,000
Cost of sales (80,000)
Gross profit 170,000
Selling, general, and administrative expenses (65,000)
Operating profit (d) 105,000
Other income 20,000
Earnings before taxes 125,000
Taxes (25,000)
Net income 100,000
Balance sheet
April 1 2008
Assets
Current assets (e)
Cash €75,000
Accounts receivable €150,000
Total current assets €225,000
Fixed assets (f)
Land €150,000
Total fixed assets €150,000
Total assets €375,000
Liabilities (g)
Current liabilities
Taxes payable €100,000
Payroll €125,000
Total current liabilities €225,000
Long-term liabilities
Loans repayable €50,000
Total long-term liabilities €50,000
Total liabilities €275,000
Net assets (h) €100,000
Owners’ equity (i) €100,000
are clear
admit they don’t understand
stick to the agenda
summarize decisions clearly
are direct and sometimes rude
often interrupt
are unclear
never admit ignorance
don’t stick to the agenda
don’t summarize decisions
are indirect and never rude
rarely interrupt
In meetings, people generally:
A: Well, I think we’ve got to attract top people with things other
than money.
B: How do you think we can do that? I mean, what exactly do you
have in mind?
A: I was thinking of providing a better all round package.
B: You mean with things like good terms and conditions.
A: Yes, that’s right. Holidays, paternity and maternity leave,
sabbaticals – that sort of thing. What do you think?
B: I agree with you. I think it’s a good idea to consider non-financial
incentives to get the best people, if that’s what you mean.
A: Yes, I do. So we’re agreed we’ll look into the whole salary
package for executive recruitment.
Suggested minutes
Meeting minutes
Date: 16 SeptemberTime: 14.30 – 16.00Venue: Room 346Chair: Enzo Falconi (EF)Attendees: Alice Keller (AK), François Weber (FW), Dylan Sanders (DS)
2 Chasing up late payers
We agreed to review the email sent to late payers and also when the first reminder is sent out. FW will redraft the email to make it more assertive and AK will review the schedule for reminders. FW and AK to report back at next meeting.
FW and AK 30th September
3 Covering for absent colleagues
DS argued that we need to cover for absent colleagues rather than just
leaving their work till they get back. AK said the year end was not the
time to introduce this initiative and that there would be a need for
training. DS agreed to draw up a draft training schedule for next year
which we can discuss in January.
DS January 4 Reducing office waste
Following a brainstorming session on how waste could be reduced, it
was agreed that we needed the advice of an environmental expert. EF
agreed to follow this up and report back in October.
EF 13th October