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help me this question pleaseeee 7:03 Done Expert Q&A QUESTION TWO Barking Mad has had an offer to lease some space ata permanent market which
help me this question pleaseeee
7:03 Done Expert Q&A QUESTION TWO Barking Mad has had an offer to lease some space ata permanent market which is open 7 days a week, including a late night on a Friday. The lease would cost $110 per week and it she took up the lease she would need to commit for at least one year, starting in January 2022. If she takes on the lease, Bridget will need to work 4 days at the permanent market as well as at least one weekend day at the mobile markets. As a result, she will need to give up her part time dog walking job which she really enjoys as it gives her time to exercise She currently works 12 hours per week and earns $20 per hour after tax. She estimates she could produce 300 packets of treats per week if she is not doing the dog walking Bridget would need to employ a part time worker to work the rest of the time at the permanent market at a fixed cost of $290 per week. Bridget estimates that she would sell 120 packets per week at the permanent market in addition to her online and mobile market sales. She thinks she will be able to manage to make the extra treats herselt. a. From the data below, and the information above, complete the Cash Budget for Barking Mad for the three months ending January 2022 Estimated monthly sales for Barking Mad (number of packets) November 2021 December 2021 January 2022 672 700 1120 Estimated monthly supplies purchased for Barking Mad Paid in the month following sale October November December January 2021 2021 2021 2022 $576 $596 $952 $1000 The loan of $50 000 incurs interest of 6% pa paid monthly. At the moment, it is interest only. Packaging is purchased in bulk every second month and costs $600 each time, the next payment is due in December Bridget plans to take drawings of $120 per week, excluding December as she knows there is considerable expense in setting up the new . market location Vehicle expenses are $105 per week which includes $15 depreciation Antiina 7:03 Done Expert Q&A Annual advertising of $600 is paid quarterly and the next payment is due in November Other expenses total $420 per month Assuming Barking Mad takes on the new lease from January they will incur the following costs: Wages $290 per week Lease cost $110 per week Fit out of the new market is $2000 to be paid in . December prior to opening Capital contribution by Bridget of $500 in December Bank balance as at 1 November 2021 is $480 Barking Mad Cash Budget for the three months ending January 2022 November December January Receipts Cash sales Cash from debtors Less Payments purchase Wages Other cash expenses Provisional tax Ananih 7:03 Done Expert Q&A QUESTION TWO Barking Mad has had an offer to lease some space ata permanent market which is open 7 days a week, including a late night on a Friday. The lease would cost $110 per week and it she took up the lease she would need to commit for at least one year, starting in January 2022. If she takes on the lease, Bridget will need to work 4 days at the permanent market as well as at least one weekend day at the mobile markets. As a result, she will need to give up her part time dog walking job which she really enjoys as it gives her time to exercise She currently works 12 hours per week and earns $20 per hour after tax. She estimates she could produce 300 packets of treats per week if she is not doing the dog walking Bridget would need to employ a part time worker to work the rest of the time at the permanent market at a fixed cost of $290 per week. Bridget estimates that she would sell 120 packets per week at the permanent market in addition to her online and mobile market sales. She thinks she will be able to manage to make the extra treats herselt. a. From the data below, and the information above, complete the Cash Budget for Barking Mad for the three months ending January 2022 Estimated monthly sales for Barking Mad (number of packets) November 2021 December 2021 January 2022 672 700 1120 Estimated monthly supplies purchased for Barking Mad Paid in the month following sale October November December January 2021 2021 2021 2022 $576 $596 $952 $1000 The loan of $50 000 incurs interest of 6% pa paid monthly. At the moment, it is interest only. Packaging is purchased in bulk every second month and costs $600 each time, the next payment is due in December Bridget plans to take drawings of $120 per week, excluding December as she knows there is considerable expense in setting up the new . market location Vehicle expenses are $105 per week which includes $15 depreciation Antiina 7:03 Done Expert Q&A Annual advertising of $600 is paid quarterly and the next payment is due in November Other expenses total $420 per month Assuming Barking Mad takes on the new lease from January they will incur the following costs: Wages $290 per week Lease cost $110 per week Fit out of the new market is $2000 to be paid in . December prior to opening Capital contribution by Bridget of $500 in December Bank balance as at 1 November 2021 is $480 Barking Mad Cash Budget for the three months ending January 2022 November December January Receipts Cash sales Cash from debtors Less Payments purchase Wages Other cash expenses Provisional tax Ananih
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