Good day,
Please assist me with this and explain where you can, It is on CAPITAL BUDGETING TECHNIQUES. Thanks.
The following additional information is given:
> The Company incurs a 35% income tax per year.
> The company has a loan with an interest amount of R 1 975 per year.
Instruction:
Using the information from the following budgets:
I.sales budget,
II.cost of sales budget,
III.purchase budget,
IV.selling and administration budget
(See pictures for the different budget)
- Draw the budgeted income statement of VG butchery in rand value for the 2019 year.
Budgets
Cost of Purchase and C08 Budget The coat of goods purchased was calculated as follows: - - - _- R 364 680.00 00. Salaries of z salesmen an R3 000.00 per month R 72 000.00 " salesman 2 :1 R3 000.00 x 12 / TOTAL - R1 092 400.00 COST OF SALES - FINISHED GOODS HANDS Opening Shock 5,010.00 wP -. - Plusi Cost of Goods Purchased Cm ofsil Sales and Admin Expense Budget > Draw a sales and administration budget for the year. SALES AND ADMINISTRATION EXPENDITURE BUDGET 2012 RANDS WP #86 CB #89 - EXCEPT FOR DEPRECIATION ITEM JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL Salaries 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 Wages 7,500.00 7,500.00 7,500.00 1,350.00 1,200.00 90,000.00 1,350.00 1,200.00 1,350.00 1,200.00 1,350.00 1,350.00 1,200.00 1,350.00 1,350.00 1,350.00 Electricity 350.00 15,600.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 Insurance 250.00 250.00 4,200.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 Telephone 550.00 550.00 250.00 250.00 250.00 550.00 550.00 550.00 3,000.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 Rentals 850.00 6,600.00 850.00 850.00 850.00 850.00 850.00 850.00 850.00 850.00 850.00 850.00 850.00 Depreciation 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 10,200.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 Rates and Taxes 300.00 300.00 15,000.00 300.00 300.00 300.00 300.00 300.00 300.00 Transport 500.00 300.00 300.00 300.00 500.00 500.00 300.00 500.00 3,600.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 Expenses 500.00 6,000.00 Entertainment 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 3,000.00 Total Expenditure 13,150.00 13,000.00 13,150.00 13,000.00 13,150.00 13,000.00 13,150.00 13,150.00 13,000.00 13,150.00 13, 150.00 13, 150.00 157,200.00Sales Budget for the year ITEM JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL Braaiwors 30.000 30,000 30,000 30,000 24,000 24,000 24,000 24,000 24,000 30,000 30,000 30,000 330,000 Boerewors 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000 Mince 27,000 27,000 27,000 27.000 48,000 48,000 48,000 48,000 48,000 27.000 27,000 27,000 429,000 Hamburger Patties 60.000 60.000 39,000 48.000 39,000 39,000 48,000 39,000 48,000 39,000 67,200 67,200 593,400 Total 137,000 137,000 116,000 125,000 131,000 131,000 140,000 131,000 140,000 116,000 144,200 144,200 1,592,400
