Question 1(a)(iii)
Mahindra \& Mahindra Limited (M\&M) is an Indian multinational vehicle manufacturing corporation with its headquarters in Mumbai, India. It is one of the largest manufacturers of cars, vans and tractors in the world.
M\&M started in 1945 and has prospered for over 75 years with the aim of 'Rising through crisis'. In the 1970s with the oil crisis that sent the cost of petrol rising, it adapted its tractor diesel engines to be used in its cars and vans.
M\&M is committed to ensuring that it protects the environment. In 2020 it planted 1.32 million trees across India. It supports schools for disadvantaged children and teenagers.
Figure 1 Maslow's Hierarchy of Needs
Figure 1
Below is an extract from a cash flow forecast for one month.
The opening balance was £ 20000, cash inflow £ 28000 and cash outflow £ 56000.
Which one of the following is the closing balance for the end of the month?
Select one answer.
- £28000
- £8000
£48000
£84000