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

Added on - 15 Apr 2020

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Running Head: Financial ReportingFinancial ReportingName of the Student:Name of the UniversityAuthors Note:
1FINANCIAL REPORTINGTable of ContentsQuestion 1:.......................................................................................................................................2Question 2:.......................................................................................................................................5References:......................................................................................................................................8
2FINANCIAL REPORTINGQuestion 1:Statement showing forecasted Net profit for the year 2017-18ParticularsJulyAugustSeptemberOctoberNovemebrDecemberJanuaryFebruaryMrchAprilMayJuneSales200000200000225000225000250000300000350000350000300000250000200000150000Purchases160,000.00160,000.00180000190000200000230000280000290000240000200000160000110000Salaries8,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.00Wages3,000.003,000.004000400055006000750075006000500030002500Rent and rates5,500.005,500.005,500.005,500.005,500.005,500.005,500.005,500.005,500.005,500.005,500.005,500.00Advertisement1,500.002,000.002000250030004000500060004000200020002000Other expenses4,000.004,000.004500500055007000900095005500550055003500Projected cash flow StatementCash flow forecastJulyAugustSeptemberOctoberNovemebrDecemberJanuaryFebruaryMrchAprilMayJuneCash slaes50,000.0050,000.0056,250.0056,250.0062,500.0075,000.0087,500.0087,500.0075,000.0062,500.0050,000.0037,500.00Cash collected from debtors168,750.00168,750.00150000150000168750168750187500225000262500262500225000187500(A) Total cash received218,750.00218,750.00206,250.00206,250.00231,250.00243,750.00275,000.00312,500.00337,500.00325,000.00275,000.00225,000.00Cash purchases80,000.0080,000.0080,000.0080,000.0080,000.0080,000.0080,000.0080,000.0080,000.0080,000.0080,000.0080,000.00Cash paid to creditors107,500.0080,000.0080,000.00100,000.00110,000.00120,000.00150,000.00200,000.00210,000.00160,000.00120,000.0080,000.00Salaries paid in case8,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.008,000.00Rent and rates paid16,500.00165001650016,500.00Other expenses600.00600.00800.001,000.001,200.001,800.002,600.002,800.001,200.001,200.001,200.00400.00Miscellaneous expenses paid (Ju900.00900.0090090012001500180027003900420018001800Advertisement1,500.002,000.002000250030004000500060004000200020002000(B) Total cash paid215,000.00171,500.00171,700.00208,900.00203,400.00215,300.00263,900.00299,500.00307,100.00271,900.00213,000.00172,200.00
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