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    Excercise to be completed

    4805
    £20/hr(approx. $25/hr)
    • Posted: 13 years ago
    • Proposals: 0
    • Remote
    • #7402
    • Archived
    • 0
    • 0

    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
    Mark R.
    Mark R.
    0% (0)
    Projects Completed
    -
    Freelancers worked with
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    Projects awarded
    0%
    Last project
    21 May 2022
    United Kingdom

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    4805
    £20/hr(approx. $25/hr)
    Mark R.
    Mark R.
    0% (0)
    Projects Completed
    -
    Freelancers worked with
    -
    Projects awarded
    0%
    Last project
    21 May 2022
    United Kingdom

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