A companys financial statements are as follows: Profit and loss 1/1-09-31/12-09 Sales 1000, Variable costs (COGS) 300, Fixed costs 100, Profit 600, Dividend 200

Balance sheet 31/12-09 Fixed assets 1000, Current assets 500, -Total 1500

Equity 800, Total liabilities 700, -Total 1500

For the budget for 2010 the company is expecting sales to increase by 20%. Variable costs will also increase by 20%. Fixed costs are unchanged, and include a depreciation charge of 50. The company will pay the 2009 dividend in 2010. The same dividend (200) is expected in 2010, which will be paid in 2011. All trade creditors are paid in cash, but customers are invoiced. The company expects inventory to increase from 100 to 200. The company gives customers 1 months credit. Debtors at 31/12-09 were 70. Cash was 330 on 1/1-09. Any unused cash is deposited in the companys bank account. The company pays no tax.

What is the companys budgeted equity 31/12-2010?

What is the companys bank account at the end of 2010?

What is the companys budgeted profit for the financial year 2010?

What is the level of fixed assets 31/12-10?

What was the level of total liabilities 31/12-10?