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BSBFIM601 Report on Sales and Profit Budget

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Manage finances (BSBFIM601)

   

Added on  2020-05-11

BSBFIM601 Report on Sales and Profit Budget

   

Manage finances (BSBFIM601)

   Added on 2020-05-11

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Running head: MANAGE FINANCEManage FinanceName of the Student:Name of the University:Authors Note:
BSBFIM601 Report on Sales and Profit Budget_1
MANAGE FINANCE1Table of ContentsSales and Profit Budget...................................................................................................................1Answer to Prompt Questions...........................................................................................................4Answer to Question 1:.....................................................................................................................4Answer to Question 2:.....................................................................................................................5Answer to Question 3:.....................................................................................................................5Answer to Question 4:.....................................................................................................................6Answer to Question 5:.....................................................................................................................6Answer to Question 6:.....................................................................................................................7Answer to Question 7:.....................................................................................................................7Answer to Question 8:.....................................................................................................................8Reference.........................................................................................................................................9
BSBFIM601 Report on Sales and Profit Budget_2
MANAGE FINANCE2Sales and Profit BudgetSALES and PROFIT BUDGET2011/12Qtr 1Qtr 2Qtr 3Qtr 4Revenue100%20%24%26%30%Sales$16,971,236$3,394,248$4,073,097$4,412,521$5,091,370– Cost of Goods Sold$9,673,604$1,934,721$2,321,665$2,515,137$2,902,081Gross Profit$7,297,632$1,459,527$1,751,432$1,897,384$2,189,289Gross Profit %43%43%43%43%43%Expenses– Accounting Fees$10,000$2,500$2,500$2,500$2,500– Interest Expense$84,508$21,127$21,127$21,127$21,127– Bank Charges$1,600$400$400$400$400– Depreciation$170,000$42,500$42,500$42,500$42,500– Insurance$13,390$3,348$3,348$3,348$3,348– Store Supplies$3,749$937$937$937$937– Advertising$350,000$200,000$50,000$50,000$50,000– Cleaning$16,282$3,256$3,908$4,233$4,885– Repairs & Maintenance$64,272$16,068$16,068$16,068$16,068– Rent$2,640,508$660,127$660,127$660,127$660,127– Telephone$14,997$2,999$3,599$3,899$4,499– Electricity Expense$26,780$5,356$6,427$6,963$8,034– Luxury Car Tax$12,000$12,000$0$0$0– Fringe Benefits Tax$28,000$7,000$7,000$7,000$7,000– Superannuation$187,020$37,404$44,885$48,625$56,106– Wages & Salaries$2,078,000$415,600$498,720$540,280$623,400– Payroll Tax$98,705$19,741$23,689$25,663$29,611– Workers’ Compensation$41,560$8,312$9,974$10,806$12,468Total Expenses$5,841,371$1,458,676$1,395,209$1,444,476$1,543,010Net Profit (Before Tax)$1,456,261$851$356,222$452,908$646,280Income Tax$436,878$255$106,867$135,872$193,884Net Profit$1,019,383$596$249,356$317,036$452,396
BSBFIM601 Report on Sales and Profit Budget_3

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