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Tyrion Ltd -Forecast for the six months 1st December 2020 to 31st May 2021 Income . 1st, December 2020, common (ordinary ) share capital invested

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Tyrion Ltd -Forecast for the six months 1st December 2020 to 31st May 2021 Income . 1st, December 2020, common (ordinary ) share capital invested in the new business, $50,000 January 2021, additional common (ordinary) share capital invested in the new business, $10,000 . Forecasted sales: Cash sales each month: Dec $9,500 Mar $18,200 Jan $16,800 Apr $19,500 Feb $17,000 May $19,800 Credit Sales ( all on 2 months credit): Dec $3,200, Jan $4,100, Feb $4,800, Mar $5,300, Apr $6,200, May $7,500 Expenditure . Forecasted purchases: Credit purchases (all purchases are on 1 month's credit): Dec $9,800 Mar $14,000 Jan $10,100 Apr $16,800 Feb $12,500 May $18,200 Wages and salaries, $2,800 each month (Dec to May) payable in the month they are due Advertising, $850 each month (Dec to May) payable 1 month after it is due . . . . Insurance, $920 for the year, payable in December 2020 Rent (for parking spaces)): $180, (for the 3 months, Dec to Feb) will be payable in January 2021 $180, (for the 3 months, Mar to May) will be payable in May 2021 Closing inventory at 31st May 2021 is forecasted to be $9,000 General expenses $1,020 each month (Dec to May) payable 1 month after it is due . . Machinery costing $49,000, and a motor vehicle costing $5,200 will be bought (and paid for) in December 2020 Maintenance for machinery, $1,200 each month (Dec to May) payable in the month it is due . . Depreciation for the 6 months, December 2020 to May 2021 is forecasted to be: Machinery $4,900 Motor vehicle $1,040 . Accounting expenses, $1, 100 each month (Dec to May) payable in the month it is due

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