Professional Documents
Culture Documents
BS A&f Excel Templete Sep 2018-1
BS A&f Excel Templete Sep 2018-1
BS A&f Excel Templete Sep 2018-1
Make sure you fill this in AFTER you have finished the assignment and BEFORE you submit it
✘ We declare that this is an original assignment and is entirely our own work
✘ This assignment has been prepared exclusively by us for this paper and has not and will not be
submitted as assessed work in any other paper
Group Members
Aitesam ullah
Adam khan
Annas aman
Aqib majeed
Amman
ASSIGNMENT
INPUT DATA
MONTHS COVERED BY:
Quarter 3 months
Year (annual) 12 months
SALES DATA
Estimated Selling Price per mirror $ 240
Collection period
Percentage in month of sale 0%
Percentage in following month 100%
Estimated Monthly Sales Volume
October 800 units
November 880 units
December 720 units
INVENTORY DATA
Estimated Cost price per Bouncer $ 180
Required inventory level 100 units
NON-CURRENT ASSETS
Straight line method is used for all non-current assets Cost Expected Residual
$ Life Value
Van 50,000 5 20,000
Computer Equipment 12,000 3 -
FORECAST RECEIPTS
From owner 1/10/2018 30,000
ASSIGNMENT
SALES COLLECTION BUDGET & DEPRECIATION
OUTPUT AREA
SALES, COGS and COLLECTION BUDGET
RECEIVABLES BUDGET
October November December Quarter
Opening Balance 72,000 192,000 211,200 72,000
Add Sales Revenue 192,000 211,200 172,800 576,000
INVENTORIES BUDGET
October November December Quarter
Opening Balance 9,000 18,000 18,000 9,000
Add Purchases 153,000 158,400 129,600 441,000
PAYABLES BUDGET
October November December Quarter
Opening Balance 54,000 153,000 158,400 54,000
Add Purchases 153,000 158,400 129,600 441,000
ANNUAL DEPRECIATION
Straight line method is used for all non-current assets
Van 6,000
Computer Equipment 4,000
Total Depreciation 10,000
ASSIGNMENT
CASH FLOW OUTPUT AREA
Baby Factory
Cash Flow Forecast
Quarter ending 31 December 2018
NOTE: Depending on how the cash flow is prepared, not all blue cells may need entries
October November December Quarter
$ $ $ $
Cash Flow from Operating Activities
Inflow
Debtors 72,000 192,000 211,200 475,200
Total Inflow 72,000 192,000 211,200 475,200
Outflow
Creditors 54,000 153,000 158,400 365,400
Advertising 400 400 400 1,200
General 900 1,000 1,000 2,900
Insurance Premium 4,800 - - 4,800
Rent 3,200 3,200 3,200 9,600
Vehicle Expenses 1,400 1,400 1,400 4,200
Total Inflow - - - -
Outflow
Van 50,000 - - 50,000
ASSIGNMENT
INCOME STATEMENT OUTPUT AREA
Baby Factory
Projected Income Statement
Quarter ending 31 December 2018
Quarter
$ $
Revenue
Sales 576,000
Less Cost of Goods Sold
Cost of Goods Sold 432,000
Gross Profit 144,000
Less Expenses
Advertising 1,200
General (Telephone, Utilities, Stationery, ISP etc)) 3,000
Rent 9,600
Insurance 1,200
Vehicle expenses 4,200
depreciation van 1,500
depreciation computer equipments 1,000
Current Assets
Cash 49100
Account Receivable 172800
Inventories 18000
Insurance 3600
Total current assets 243500
Non Current Assets
Computer Equipment 12000
Acc: depreciation Comp Equip 5000
7000
Van 50000
Acc: depreciation Van 1500
48500
Total non current asstes 55500
Total Assets 299000
Current Liabilities
Account Payable 129600
General Creditors 1000