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please assist me thank you very much Ibobosi is the owner of Playland Traders, a business that sells toys. The partially complete nd April 2018
please assist me thank you very much
Ibobosi is the owner of Playland Traders, a business that sells toys. The partially complete nd April 2018 is provided below: Playland Traders Cash Budget for the two months March and April 2018 March 2018 April 2018 CASH RECEIPTS Cash sales ? 85 120 Cash from debtors 41 700? Fixed deposit and interest 91 800 TOTAL RECEIPTS CASH PAYMENTS Cash purchases of inventory 48.000 45 600 Payments to creditors 33 250 TOTAL RECEIPTS CASH PAYMENTS 48 000 45 600 Cash purchases of inventory Payments to creditors Wages and salaries 33 250 21 17 200 18 232 Operating expenses 26 000 26 000 Vehicle 80 000 Drawings 12 000 12 000 TOTAL PAYMENTS 136 450 ? 2 968 Surplus (deficit) Bank balance beginning on month (14 200 Bank balance end of month 2 formation: s are on credit sales figures were as follows: 2018 R150 000 2018 R140 000 are collected as follows: the month after the sales transaction the second month after the sales transaction is replaced in the same month it is sold usiness makes a profit of 60% on the cost price of its products f inventory purchases are for cash ors are paid within 30 days (in the month after the purchase transaction) in order to receive 5% unt xed deposit matures on 30 April 2018. The fixed deposit was invested on 1 May 2017 with AB Bar st rate of 8% p.a. payable annually. The amount in the budget includes the fixed deposit as well = st 2008 ISL. Duuyet milies the fixed deposita (6) alculate the expected cash sales for March 2018, omplete the Debtors Collection Schedule for March and April 2018. (13) etermine the payment that will be made to creditors in April 2018. (5) that amount of interest on fixed deposit will the business receive in April 2018? (5) pho intends to give all of his employees the same percentage increase in April 2018. What per he planning to grant them? (5) alculate the expected cash surplus/deficit for March 2018, 13) alculate the expected bank balance on 31 March 2018. (3) ipho is planning to purchase a delivery vehicle in April 2018. He is uncertain about financing and or a loan. Interest on overdraft is charged at 21% pa. While the interest on a loan will be approxi Give him advice 16 Ibobosi is the owner of Playland Traders, a business that sells toys. The partially complete nd April 2018 is provided below: Playland Traders Cash Budget for the two months March and April 2018 March 2018 April 2018 CASH RECEIPTS Cash sales ? 85 120 Cash from debtors 41 700? Fixed deposit and interest 91 800 TOTAL RECEIPTS CASH PAYMENTS Cash purchases of inventory 48.000 45 600 Payments to creditors 33 250 TOTAL RECEIPTS CASH PAYMENTS 48 000 45 600 Cash purchases of inventory Payments to creditors Wages and salaries 33 250 21 17 200 18 232 Operating expenses 26 000 26 000 Vehicle 80 000 Drawings 12 000 12 000 TOTAL PAYMENTS 136 450 ? 2 968 Surplus (deficit) Bank balance beginning on month (14 200 Bank balance end of month 2 formation: s are on credit sales figures were as follows: 2018 R150 000 2018 R140 000 are collected as follows: the month after the sales transaction the second month after the sales transaction is replaced in the same month it is sold usiness makes a profit of 60% on the cost price of its products f inventory purchases are for cash ors are paid within 30 days (in the month after the purchase transaction) in order to receive 5% unt xed deposit matures on 30 April 2018. The fixed deposit was invested on 1 May 2017 with AB Bar st rate of 8% p.a. payable annually. The amount in the budget includes the fixed deposit as well = st 2008 ISL. Duuyet milies the fixed deposita (6) alculate the expected cash sales for March 2018, omplete the Debtors Collection Schedule for March and April 2018. (13) etermine the payment that will be made to creditors in April 2018. (5) that amount of interest on fixed deposit will the business receive in April 2018? (5) pho intends to give all of his employees the same percentage increase in April 2018. What per he planning to grant them? (5) alculate the expected cash surplus/deficit for March 2018, 13) alculate the expected bank balance on 31 March 2018. (3) ipho is planning to purchase a delivery vehicle in April 2018. He is uncertain about financing and or a loan. Interest on overdraft is charged at 21% pa. While the interest on a loan will be approxi Give him advice 16Step by Step Solution
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