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Un bilancio problema - Fun Run Enterprises

  • Note di Apprendimento
  • Revisione degli argomenti
    BabaJide Martins F.
    TR
    BabaJide Martins F.

    What can be done to avoid budgeting problem while planning for budgeting?

    Alice B.
    GQ
    Alice B.

    Please I would like to have a formula or the formula used to calculate most of the items asked to be calculated if there are any so i can try solving myself in order to better understand what i am studying.

    Richard B.
    GH
    Richard B.

    That's a point.

    Hermina S.
    LC
    Hermina S.

    Besides proper planning, what are the problems that can give rise to budget problems in a company?

    Morne V.
    ZA
    Morne V.

    budget problems may be found out due to lack of proper planning.

    Sunday O.
    NG
    Sunday O.

    Enterprises business empire

    Odongo M.
    UG
    Odongo M.

    Accounting -> A budgeting problem - Fun Run Enterprises A budgeting problem - Fun Run Enterprises Fun Run enterprises commenced business in 2002. The following budgeted information for the year ending 30.6.2003 has been provided. Sales total sales for the year is expected to be $400 000 40% of sales are for cash staff are expected to be paid $60 000 in salaries sales returns are anticipated at $3000 Goods sold cost of goods sold is to be set at 60% of (gross) sales. All goods are bought on credit creditors are paid stock loss is expected to be $2400 stock on hand at 30.6.2003 is anticipated to be $34 000 Anticipated payments advertising $16 000 cleaning $6000 drawings $45 000 loan repayment $10 000 Other items discount expense $500 bad debts $2000 Balance sheet 1.7.2002 30.6.2003 Assets $ $ Bank 11 000 ? Stock 32 000 34 000 Prepaid advertising 1 500 2 000 Debtors 52 000 55 000 Machinery 80 000 80 000 less Accumulated depreciation (4 000) (12 000) Liabilities Creditors 20 000 22 000 Accrued salaries 4 400 4 100 Accrued interest 6 500 Loan 100 000 90 000 Owner's equity Capital ? ? Required prepare a cash budget prepare a Profit and Loss statement (budgeted) - functional classification not required prepare a classified balance sheet

    Saul K.
    UG
    Saul K.

    understood

    Saul K.
    UG
    Saul K.

    quite comp!

    Manish K.
    NP
    Manish K.

    budget problems may be found out due to lack of proper planning.

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