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The accountant of Michael small-scale industries has given you the budgeted information for the half year ending 31.12.2020 and shown in the table below (Ksh.
- The accountant of Michael small-scale industries has given you the budgeted information for the half year ending 31.12.2020 and shown in the table below (Ksh. 000s):-
Michael Small- scale Industries | |||
Month | Sales | Expenses | Profit/(Loss) |
January | 8,750.00 | 3,750.00 | |
February | 17,500.00 | 15,000.00 | |
March | 25,000.00 | 5,000.00 | |
April | 22,500.00 | 21,250.00 | |
May | 16,250.00 | (1,250.00) | |
June | 22,500.00 | (5,000.00) | |
Totals | 115,000.00 | 108,750.00 | |
Average | 18,125.00 |
Using relevant formulae compute and insert the missing figures in the colored cells in the table above.
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