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Q2 Fast Solutions John Wise, a sole trader and computer science...

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Accounting

Q2 Fast Solutions
John Wise, a sole trader and computer science graduate, wants to expand his IT consultancy business called Fast Solutions. John operates from home, but is now considering relocating to a rented office from the start of January 2005. Abby, a graduate in accounting and finance is looking for business opportunities and has saved $2000 to be used as her own start-up capital. She is considering the option of forming a business partnership with John.
Ahby is impressed hy Fast Solutions's level of profit for 2004, hut would like John to produce a cash flow forecast for 2005 before she makes a decision on forming a business partnership with him.
John has produced forecasted sales revenue and costs for January to June 2005:
John expects to receive monthly revenue of $1000.60% of this will be paid in cash with the remaining 40% received one month later.
\table[[Electricity bill,$100
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