Financial manangment?
ABC Company expects sale of Rs. 2.4 million subsequent year and same among the following year. Sales are spread evenly throughout the year. On the justification of the following information, prepare a forecast income statement and set off sheet for year back:
Cash: Minimum of 4 % of annual sale.
Accounts receivable: 60-day average collection length base on annual sale.
Inventories: Turnover of eight times a year.
Net fixed assets: Rs. 500,000 immediately. Capital expenditure equal to depreciation.
Accounts payable: One month’s purchases.
Accrued expenses: 3% of sale.
Bank borrowings: Rs. 50,000 in a minute. Can borrow up to Rs. 250,000.
Long-term debt: Rs. 300,000 very soon. Payable Rs. 75,000 at year expire.
Common stock: Rs. 100,000. No additions planned.
Retained income: Rs. 500,000 now
Net profit side-line: 8% of sale.
Dividends: none.
Cost of stuff sold: 60% of sale.
Purchases: 50% of cost of merchandise sold.
Income taxes: 50% of before-tax profits.
Answers:
This requires spreadsheet format contained by writ to be answered. Y!A offer one and only plain workbook format. If i be you, i would flush for the formulas inside the textbook and simply apply them in excel. Good luck.
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Cash: Minimum of 4 % of annual sale.
Accounts receivable: 60-day average collection length base on annual sale.
Inventories: Turnover of eight times a year.
Net fixed assets: Rs. 500,000 immediately. Capital expenditure equal to depreciation.
Accounts payable: One month’s purchases.
Accrued expenses: 3% of sale.
Bank borrowings: Rs. 50,000 in a minute. Can borrow up to Rs. 250,000.
Long-term debt: Rs. 300,000 very soon. Payable Rs. 75,000 at year expire.
Common stock: Rs. 100,000. No additions planned.
Retained income: Rs. 500,000 now
Net profit side-line: 8% of sale.
Dividends: none.
Cost of stuff sold: 60% of sale.
Purchases: 50% of cost of merchandise sold.
Income taxes: 50% of before-tax profits.
Answers:
This requires spreadsheet format contained by writ to be answered. Y!A offer one and only plain workbook format. If i be you, i would flush for the formulas inside the textbook and simply apply them in excel. Good luck.