Dear Team

according to the picture 1 and 2

- GST cash flow budget - Statutory requirements for GST is 10% of the recorded amounts in sales. The only capital purchase planned for the year is the luxury car for the chairman. Those expense payments on which 10% GST was paid include the following:- . Cost of goods sold:+ o accounting fees- o insurance o store supplies o advertising- o cleaning+ AIC-UP-BSBFIM601-V4.0 Page 10 of 21+ AUSTRALIAN Australian Ideal College + Registered as Australian Ideal College Pty Ltd.. RTO No.: 91679 | CRICOS Provider Code: 03053G .. Sydney Campus: Level7 & 8, 75 King Street, Sydney NSW 2000 Australia .. IDEAL COLLEGE . Adelaide Campus: Level 3, 21-23 Rundle Mall, Adelaide SA 5000 Australia.. Hobart Campus: GRD Floor, 116 Murray Street, Hobart TAS 7000 Australia .. Educating for Excellence., T: +61-2-9262 2968 (Sydney) | +61-8-8123 5780 (Adelaide) |+61-3-62312141 (Hobart).. E: info@aic.edu.au | W: www.aic.edu.au .. o repairs and maintenance o rent+ o telephone- o electricity expense.+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 3,749 750 900 975 1,125 - 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