This 5 page paper looks at the sales, cash flow, income statement and balance sheet for a small company where projected figures and costs have been provided. The writer uses the projections to create the required financial statements.
Name of Research Paper File: TS14_TEvickites.rtf
Unformatted Sample Text from the Research Paper:
for schedule A were given, the figures for schedule B is self explanatory, taken as 60% of the current months sales, 30% of the previous months sales and 10% of
the month before that with the assuming of negligible bad debts. Schedule C are the purchases, this are not equal to sales in the first two months as there is
a move over to JIT management and the company starts with a high level of stock, which takes two months to reduce to the desires level of 6,000. The
stock is paid for in the following month, so this is how disbursements are calculated. Schedule A: Sales Budget January February March
Total Recent & Forecasted Sales $ 62,000 $ 75,000 $ 38,000 $ 175,000 Schedule B: Cash Collections
January February March Totals 60% of Current Month Sales $ 37,200 $ 45,000
$ 22,800 $ 105,000 30% of Previous Month Sales 7,500
18,600 22,500
48,600 10% of 2 Months Earlier 2,500
2,500 6,200