Principle of accounting 10.8. fashion scenes ltd owns a chain of eight shops selling fashion goods in the past the company maintained a healthy cash balance .how ever this has fallen in recent months and at the end of the September 2011it had an ov
Principle of accounting
10.8. fashion scenes ltd owns a chain of eight shops selling fashion goods in the past the company maintained a healthy cash balance .how ever this has fallen in recent months and at the end of the September 2011it had an overdraft of $70000 in view of this its managing director has asked you to prepare a cash forecast for the next six months .you have collected the following data ..
oct nov dec jan feb mar
Sales forecast 140 180 260 60 100 120
Purchase 160 180 140 50 50 50
Wages and the salaries 30 30 40 30 30 32
Other expenses 20 20 20 20 20 20
Refurbishing shops 80 inventory at 1 october amounted to $170,000 and accounts payable were $70,000 the purchase in October ,November December are contractually committed and the those shown for January February and march are the minimum necessary to restock withspring fashions cost of sales is 50%b of sales and supplies allow one months credit on purchase include depreciation of $10,000 per months . required (a).compute the cash balance at the end of each month for the six months to 31 march 2012. (b) compute the inventory levels at the end of each months for the six months to 31 march 2012. (c).prepare an income statement for the six months ended 31 march 2012. (d). what problems might fashion scenes ltd face in the six months and how would you attempt to overcome them.
Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more