Excercise to be completed
5518
£20/hr(approx. $25/hr)
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- #7402
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Description
Experience Level: Intermediate
I have a project I need to complete. Very simple if you know what you are doing. Just need it organised and answered. Need explanaintion of difference between cash flow and profit flows using a budgeted profit statement, a cash flow budgetand a budgeted balance sheet from the following information:
1, injection of £70k capital by owner into business bank account
2, sales of £25k per month. All sales on credit,debtors given 60 days credit,
3, gross margin of 60%
4, purchase of resale stock are doubled for the first month and that the level of stock holding is maintained. Purchases are paid for 1 month in arrears
5, expenses are £10lk per month and are paid for during the month in which they are incured
6, a delivery van costing £60k with residual value of £6k is bought in january. Estimated to be of service for about 6 years
1, injection of £70k capital by owner into business bank account
2, sales of £25k per month. All sales on credit,debtors given 60 days credit,
3, gross margin of 60%
4, purchase of resale stock are doubled for the first month and that the level of stock holding is maintained. Purchases are paid for 1 month in arrears
5, expenses are £10lk per month and are paid for during the month in which they are incured
6, a delivery van costing £60k with residual value of £6k is bought in january. Estimated to be of service for about 6 years
Mark R.
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4 May 2024
United Kingdom
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