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You must set up the liquidity budget for AS Beaucoup according to the three-part direct method given the following prerequisites: Depreciation of buildings, machinery and

You must set up the liquidity budget for AS Beaucoup according to the three-part direct method given the following prerequisites:

Depreciation of buildings, machinery and equipment is resp. 250,000, 450,000 and 181,250.

AS Beaucoup pays down 3,850,000 on the long-term debt.

AS Beaucoup budgets to pay 1,639,563 in VAT. next year.

All accounts payable are linked to the purchase of goods.

No shares were sold during the period.

Use 25% VAT.

Performance budget

Revenues

16,781,250

Gain on sale of equipment

42 500

Cost of goods

-7,805,000

Salary

-2,625,000

Depreciation

-881,250

Miscellaneous operating expenses

-1 550,000

Operating profit

3,962,500

Impairment of shares

-76 250

Interest costs

-825,000

Profit before tax

3,061,250

Tax payable

-673 475

Annual result

2,387,775


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