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K/508/0566 Unit 29: Managing and Running a Small Business

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Unit 29 Managing and Running a Small Business (K/508/0566)

   

Added on  2020-04-15

K/508/0566 Unit 29: Managing and Running a Small Business

   

Unit 29 Managing and Running a Small Business (K/508/0566)

   Added on 2020-04-15

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Running Head: Financial ReportingFinancial ReportingName of the Student:Name of the UniversityAuthors Note:
K/508/0566 Unit 29: Managing and Running a Small Business_1
1FINANCIAL REPORTINGTable of ContentsQuestion 1:.......................................................................................................................................2Question 2:.......................................................................................................................................5References:......................................................................................................................................8
K/508/0566 Unit 29: Managing and Running a Small Business_2
2FINANCIAL REPORTINGQuestion 1:Statement showing forecasted Net profit for the year 2017-18ParticularsJulyAugust September October NovemebrDecemberJanuaryFebruaryMrch AprilMayJuneSales 200000200000225000225000250000300000350000350000300000250000200000150000Purchases 160,000.00 160,000.00 180000190000200000230000280000290000240000200000160000110000Salaries 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 Wages 3,000.00 3,000.00 4000400055006000750075006000500030002500Rent and rates 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 Advertisement 1,500.00 2,000.00 2000250030004000500060004000200020002000Other expenses 4,000.00 4,000.00 4500500055007000900095005500550055003500 Projected cash flow StatementCash flow forecast JulyAugust September October NovemebrDecemberJanuaryFebruaryMrch April MayJuneCash slaes 50,000.00 50,000.00 56,250.00 56,250.00 62,500.00 75,000.00 87,500.00 87,500.00 75,000.00 62,500.00 50,000.00 37,500.00 Cash collected from debtors 168,750.00 168,750.00 150000150000168750168750187500225000262500262500225000187500(A) Total cash received 218,750.00 218,750.00 206,250.00 206,250.00 231,250.00 243,750.00 275,000.00 312,500.00 337,500.00 325,000.00 275,000.00 225,000.00 Cash purchases 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 Cash paid to creditors 107,500.00 80,000.00 80,000.00 100,000.00 110,000.00 120,000.00 150,000.00 200,000.00 210,000.00 160,000.00 120,000.00 80,000.00 Salaries paid in case 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 Rent and rates paid 16,500.00 1650016500 16,500.00 Other expenses 600.00 600.00 800.00 1,000.00 1,200.00 1,800.00 2,600.00 2,800.00 1,200.00 1,200.00 1,200.00 400.00 Miscellaneous expenses paid (Ju 900.00 900.00 90090012001500180027003900420018001800Advertisement 1,500.00 2,000.00 2000250030004000500060004000200020002000(B) Total cash paid 215,000.00 171,500.00 171,700.00 208,900.00 203,400.00 215,300.00 263,900.00 299,500.00 307,100.00 271,900.00 213,000.00 172,200.00
K/508/0566 Unit 29: Managing and Running a Small Business_3

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