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QR Challenge: Cash flow

QuestionAnswer
In April all 2000 tickets will go on sale for £25 each. Selling price
In February he has to pay in advance for rental of the marquees (£9000). Rent
In March he has to pay a deposit to the security team in (£12500) Security
In March he also has to pay the brewery for him to sell at the festival (£20000) Drinks
In April the food van owners will pay Freddy for their pitches (£5000) Inflow 1
In April the 1st festival will happen. Freddy estimates total bar sales will be £45000. Sales
1 week after the festival (in May) he will have to pay the bands and the wages to bar staff (£20000) Costs outflow
Freddy’s insurance premium for the 2nd festival will be due in June (£8000) Insurance
In May Freddy will have to pay in full for rental of marquees for the 2nd festival (£9000) Rent
Tickets go on sale in August, normally all 2000 are sold for £25 each Estimated Sales
In July he will have to pay to reserve the security team (£12500) Deposit for Security
The 2nd festival usually sells more drink so in July Freddy orders £25000 of stock from the Brewery Stock
In August people selling food at the festival will pay him their pitch fees (£5000) Sales Food
Freddy predicts his bar takings will be £55000 in August Bar sales
Straight after the 2nd festival (August) Freddy will pay the bands and staff wages totalling £20000 Wages

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