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AAssumption to Toufe2's business Shop rental Salary EPF/SOCSO Utility bills 3,000 10,000 1,500) 2,500 Chairs, tables & tablecloth 30,000 Used Van 30,000 Kitchenware 5,000

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AAssumption to Toufe2's business Shop rental Salary EPF/SOCSO Utility bills 3,000 10,000 1,500) 2,500 Chairs, tables & tablecloth 30,000 Used Van 30,000 Kitchenware 5,000 Miscellaneous retailing 1.500 Contingency costs 5% Additional Information a) Sales & Raw material costs MonthYour Sales month Purchase of raw material month Jan-March 30,000 6,000 2021 April-June 35,000 1,000 2021 Juy-Dec 2021 40,000 1,000 2022 50,000 10,000 2023 70,000 14,000 b) Depreciation of fixed assets is assumed at 25% per annum calculated with a straight line method. c) IRB tax charged to companies at 20% for first year and 25% for the following year. d) Agro Bank financing is 80% of the total project/business cost and the loan interest rate is charged at 5% per annum calculated on the annual balance (yearly basis). The loan tenure is 5 years and the repayment of the loan is made by monthly installments. Question/Soalan. 1. Prepare Toufe2 Enterprise financial/cash flow for 2 years; 2021 and 2022 (first year provided monthly, second year provided annually) ( marks) (20 2. Prepare Toufe2 Enterprise project financing schedule and repayment schedule. How much is the loan financed and how much repayment instalment of the loan must be paid by Toufe2 Enterprise to Agro Bank. ). marks) (16 3. Prepare profit and loss account (Net Income Statement) and analysis of investment return (ROI) on Toufe2 Enterprise for the year ended 2021 and 2022. (14 marks)

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