A Business Has Cost of Sales of £38 000 and Sales

question 6

Multiple Choice

A business has cost of sales of £38 000 and sales of £55 000, It had £3 000 in inventory at the start of the year and purchased £43 000 of goods during the year. All transactions were for cash.
-what was the cash flow for the year?

• A) £17000
• B) £ 9000
• C) £12000
• D) £14000
• E) None of the above

---

Definitions:

Software Upgrade

A software upgrade involves installing a more recent version of a software application to improve its functionality, security, or performance.

Bills of Material

A comprehensive list of materials, components, and assemblies required to build a product.

Major Subassemblies

Large, complex components that are assembled separately before being integrated into the final product.

Product Options

Various models, variations, or features that a customer can choose when purchasing a product.