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LIABILITIES: A Koryo PAZO SUPPLIERS DOCUMENT PAYABLE TOTAL LIABILITIES C / P LONG TERM BONDS PAYABLE TOTAL LIABILITIES EQUITY CONTRIBUTED CAPITAL CAPITAL TOTAL CAPITAL TOTAL LIABILITIES + CAPITAL
DATA
Sales Budget $ 90,000 Budget MP required is equal to 25% of sales budget Materials purchases budget $ 32,000 Budget 30% MO sales budget Indirect manufacturing expense budget 10% higher than that of MO Operating expense budget is $ 7,000 Inventory desired finished end items is 4.600 85% of 2002 rows charged in that period, while 15% is charged on the next. The customer account charges 2001 2002 80% purchase of materials will be paid in 2002. The 20% will be paid in the next period. The budget depreciation is $ 2,000 (up to CIF). It prompted a loan $ 15,000 short-term Account 2001 suppliers liquidated The minimum cash sado should stay is $ 2,000 BALANCE SHEET AT 31 DECEMBER 2002 ASSETS CURRENT effective customers Stock finished article Inventory of merchandise TOTAL ASSETS NO CURRENT
LIABILITIES SHORT TERM suppliers Note payable Note payable TOTAL SHORT-TERM LIAB LONG-TERM LIABILITIES Notes payable
TOTAL LIABILITIES HERITAGE stockholders' equity Contributed capital Net income TOTAL ASSETS TOTAL LIABILITIES + EQUI
CALCULATION OF COST OF SALES Initial Finished Product Inventory + Production MPD required for Production MOD required for Production CIF required for Production = Disponoble FOR SALE - Final Invtario Finished Product = COST OF SALES
T 001
LIABILITIES: A Koryo PAZO SUPPLIERS DOCUMENT PAYABLE TOTAL LIABILITIES C / P LONG TERM BONDS PAYABLE TOTAL LIABILITIES EQUITY CONTRIBUTED CAPITAL CAPITAL TOTAL CAPITAL OTAL LIABILITIES + CAPITAL
ANCE SHEET ECEMBER 2002 LIABILITIES SHORT TERM suppliers Note payable Note payable TOTAL SHORT-TERM LIABILITIES LONG-TERM LIABILITIES Notes payable
TOTAL LIABILITIES HERITAGE stockholders' equity Contributed capital Net income TOTAL ASSETS TOTAL LIABILITIES + EQUITY
5,000
LEADING COMPANY SA CASH FLOW BUDGETED Beginning Cash Balance Operqcionales Tickets: collection 2001 collection 2002 Short term loan TOTAL TICKETS -Check Operational Payment providers 2001 Payment providers 2002 MOD 30% sales CIF Operating Expense = TOTAL OUTPUT Inputs / Outputs + Financing CASH
2,000 15,000 76,500 15,000 106,500 30,000 25,600 27,000 27,700 7,000 -117,300 -8,800 10,800 2,000