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This is a new company. Question: create a income budget / profit and loss budget, for the companys first year. The budget should have all
This is a new company. Question: create a income budget / profit and loss budget, for the companys first year. The budget should have all quarters, so: Q1, Q2, Q3, Q4 and year 1.
To the comment: there is no info specifically about fixed assets, but could it be investments in inventories? Besides the deprecitation is already stated, which is 5 years.
Loan 500 000 MAD 1 January Repayment period/ amortization time 8 years Interest rate 4% Interest rate and amortization will be paid : 30 June and 31 December Owner's contribution 100 000 MAD Will be paid 1 January Investments in inventories 280 000 MAD At the beginning of the year 5 years 27 000 MAD month 65 000 MAD month Depreciation Local costs Cash payment Administration & marketing Cash payment Customer credit 30 45 6 USD/piece days average days average 450 pieces bought in every month on credit Provider credit Purchase price of the product 285 MAD / piece Sales price of the product USD rate 8.20 MAD for each USD 8.20 MAD 1 USD Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales volume 600 MAD 1300 MAD 1500 MAD 1600 MADStep by Step Solution
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