accounts help!!!!!!!!

Question # 00004902 Posted By: paul911 Updated on: 12/08/2013 01:44 AM Due on: 12/10/2013
Subject Accounting Topic Accounting Tutorials:
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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

Rent 60

Rates 40

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.

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Tutorials for this Question
  1. Tutorial # 00004693 Posted By: mac123 Posted on: 12/08/2013 01:44 AM
    Puchased By: 2
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    The solution of 100% correct answer...
    new_microsoft_office_excel_worksheet_1_0.xlsx (11.5 KB)

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