income statement

Jan Feb March quarter

Sales 75000 90000 75000 240000
Purchases 32000 40000 33000 105000
BI-EI 500 5000 -500 5000
Salaries 20000 20000 20000 60000
Social charges 8000 8000 8000 24000
Depreciation 1000 1000 1000 3000
selling expenses 7000 7000 7000 21000
financial interest 2000 2000
Total expenses 70500 81000 68500 220000
EBT 4500 9000 6500 20000
so its our income

VAT budget Jan Feb March

Collected VAT
Sales 15000 18000 15000
deductible VAT
Purchases 6400 8000 6600
selling expenses 1400 1400 1400
capex 7200 bought machine, and paid only in 1 month
Payable VAT 0 8600 7000

Cash budget
Cash in
Jan Feb March on the BS
Sales 79000 90000 108000 90000 jan is from BS
Cash out
Purchases +VAT 55000 38400 48000 39600 for jan is from BS and it is
Salaries 20000 20000 20000 paid in 30 days
Social charges 8000 8000 8000 8000 always paid next month
selling expenses +VAT 8400 8400 8400
financial interest 2000
capex+VAT 43200 bc it will be paid in april
payback loan 10000 18000
VAT payable 10000 0 8600 7000 always paid nred is taken from balance
Total cash out 113400 74800 93000
change in cash -34400 15200 15000
beginning cash 11000 -23400 -8200
ending cash -23400 -8200 6800

Balance sheet at the end of March

Current assets: Liabilities: from cash budget
Accounts payable 39600
Cash (bank) 6800 Accounts payable 43200
Accounts receivable 90000 VAT Payable 7000
Inventory 20000 Social security 8000 inventory from text
Loan 18000

PPE: Equity:
Gross fixed assets 186000 Capital 80000 always same capital in our exercises
minus Acc. depreciatio -58000 Retained earnings 29000 does not change
128000 Earnings 20000

Total Assets 244800 Total Liab&Equity 244800

GFS from the text plus new bought assets

 Depreciation 500

ly in 1 month

n is from BS

r jan is from BS and it is already with VAT

id in 30 days
ways paid next month

it will be paid in april OR CALCULAT 43200

d is taken from balance sheet

om cash budget

ventory from text

pital in our exercises