please assist in calculating and drawing up the budget statement for kombo doll

Kombo Doll Houses incurred the following income and expenses for the year ended 28 February 2019. Item R Wages and salaries 80 000 Water and electricity 32 970 Sales returns 5 000 Insurance 10 600 Interest on savings account 230 9.700 Advertising Packing materials 3 460 Sales 450 000 Credit losses recovered 3:400 Rent paid. 54 000 Maintenance expenses. 17 260 Cost of sales 160 000 Interest on overdraft 780 Stationery 4 590 Telephone 2 600 Assume Kombo Doll House were to introduce the following measures for the financial year ending February 2020, Increase net sales revenue by 10%. . Reduce cost of sales by 8%. . Keep additional income constant. . Reduce each of the operating expenses by 10%. . Reduce interest expenses by 20%. Required: Prepare a budgeted statement of comprehensive income of Kombo Doll House for the year ended 29 February 2020. You are the financial manager of a competettive investment company in South Africa. You have been presented with two possible investments: Yarona Limited and Yoko Umited as shown below You have been supplied with the following information regarding the two companies: Yarona Limited Yoko Limited before interest and tax R1 500 000 Earnings Long term interest bearing debt R2 500 000 R1 000 000 R250 000 Earnings attributable to shareholders R1 058 400 R1713 600 Tax rate 28% Share Capital R1 250 000 R10 000 000 Number of ordinary shares issued 125 000 500 000 Number of ordinaryshares authorised 1 000 000 1 000 000 Current market price of the share R28.50 R15.00 Dividend pershare 84.24 R1.50 As a financial manager you are very concerned about the dividend yield and dividend payout ratio as these will be your indicators of the return on your investments. Required: Q3.1 Calculate the dividend yield for both companies. (0) Q.3.2 Calculate the dividend payout ratio for Yoko Limited. (4) Q.3.3 Calculate the price earnings ratio of Yarona Limited. Q.3.4 With reference to your answers in questions Q.3.1 to Q.3.3, drafta memorandum to (5) management in which you make a recommendation as to which company would be the better investment. Your recommendation should be substantiated with reasons. Assume that the dividend payout ratio of Yarona Limited is 50.08% and P/E ratio of Yoko is 4.38 Q.3.5 Which ratio is calculated by using the following formula: (1) Market price per share Book value per share The following information was extracted from the records of Leon Sports Ltd for the year ended 31 December 2019. R Capital 1 January 2019 250 000 Drawings 15 000 Sales (70% on credit) 750 000 Gross profit 150 000 Total expenses 55 000 Bank overdraft 12 000 Net profit 95 000 6500 Creditors Accrued expenses 500 VAT payable 2 500 Property, plant and equipment 350 000 Fixed deposit 20 000 Inventory 55 000 Debtors 25.000 1.000 Prepaid expenses Mortgage Loan 100 000 Additional Information The opening balance of the inventory and debtors was R50 000 and R100 000 respectively. Assume a 360 day year. Required: Q2.1 Calculate the following ratios and explain what each ratio means in relation to the industry average given in brackets. Show your calculations as marks will be awarded for these. Round off to 2 decimal places. Q.2.1.1 Gross profit margin (33%) Q.2.1.2 Debt equity ratio (30%) (5) Q.2.1.3 Average debtors collection period (30 days) (6) (6) Q.2.1.4. Inventory turnover (1.5 times) Bears (Pty) Ltd manufactures a standard type of wooden table. The following are the budgeted costs for the table: . Raw materials used: R800 per unit produced Direct labour: R250 per unit produced . Supervisor's salary: R600 er month Rental of factory: RS 500 per month Water and electricity: R1 000 per month Carriage on sales: RBD per unit sold Marketing manager's commission: R300 per unit sold Advertising costs: R900 per month Bolts and nuts R50 per unit produced Telephone: R250 per month Manager's salary. R985 per month e business intends to sell the wooden tables at R3 450 each plus VAT @ 14%. 21 (7) Explain the difference between product cost and period cost and give three (3) examples of each cost from the costs above. 2.2 Calculate variable cost per unit produced (6) 2.3 Calculate fixed cost for the month 14 calculate the contribution margin per unit sold. (2) 5 Calculate the break-even point in Rends. (3) How many units of the table need to be sold in order to make a net profit after tax (5) of R15 555? Assume a flat tax rate of 28% for companies