Академический Документы
Профессиональный Документы
Культура Документы
Rs
Methain Gas Suppliers Corporation Sales Budget For the Year Ended on December 31 ,2011 Quarter 1 2 100000 200000 15000 15000 1,500,000,000 Rs 3,000,000,000 Rs
Year 3 300000 15000 4,500,000,000 Rs 4 400000 15000 6,000,000,000 Rs 400,000 15000 6,000,000,000
Percentage of Sales Collected in the Period of the Sales Percentage of Sales Collected in the Period after the Sales Accounts Receivable, Beginning Balance First Quarter Sales Second Quarter Sales Third Quarter Sales Fourth Quarter Sales Total Cash collection
80% 20% Schedule of Expected Cash Collections Rs Nill 1,200,000,000 Rs Rs 300,000,000 2,400,000,000 . 2,700,000,000 Rs Rs Rs Rs Rs 1,500,000,000 400,000,000 4,500,000,000 4,800,000,000 11,200,000,000
Rs Rs Rs
Rs
. 40,000,000
Rs
Rs Rs Rs
Note Cash Collection Summery 1500,000,000 * 80% 3,000,000,000 * 80% 4,500,000,000 * 80% 6,000,000,000* 80%
The uncollected portion of the fourth quarter sales will appear as Accounts Receivable is the Balance Sheet at the end of the Year
Methain Gas Suppliers Corporation Budgeted Income Statement For the Year Ended on December 31 2011 Particulars Sales Cost of Goods Sold* Data From Sales Budget Sales Budget, Ending finished Goods Inventoy Amount Rs6,000,000,000 Rs5,010,452,800
Gross Margin Rs989,547,200 Selling and Administrative Expenses Selling & admin Expense Budget Rs74,400,000 Net operating Income Rs915,147,200 Dividend Expense Rs80,000 Net Income Rs915,067,200 add other Income Rs71,774,000 Total Net income Rs986,841,200.00 Note: Cost of goods Sold = 400,000 * 12526.132= 5,010,452,800 400,000 are the total units of salenders that will be sold to WAPDA Rs 12526.132 is the unit product cost at the finished goods inventory.
Methain Gas Suppliers Corporation Budgeted Balance Sheet For the Year Ended on December 31 2011
Assets
Current Assets
Cash Accounts Receivable Raw Material Inventory Finished Goods Inventory Total Current Assests Amount Rs2,812,194,000 Rs1,200,000,000 Rs500,000,000 Rs5,010,452,800 Rs9,522,646,800 Rs40,000,000 Rs30,000,000 Rs20,000,000 -Rs400,000 Rs89,600,000 a b c d
Fixed Assests
Plant & Equipment Land Building Accumulated Depreciation Plant & Equipment, Net e f g
Total Assets
Rs9,612,246,800
Common Stock (No Par) Net operating Income Total Liabilities and Shareholder's Equity Note
Rs986,841,200 Rs9,612,246,800
i j