- OTHM Level 5 K/650/1117 – Promoting Equality, Diversity, and Inclusion in Health and Social Care, Assignment, ILC, UK
- 7CO01: Critically evaluate underpinning theory and practice in this area and make recommendations for your organisation: Work and working lives in a changing business environment, Assignment, CIPD level 7, UK
- 7CO01: Evaluate the current trend for organisations to move from a five-day to a four-day working week without reducing their employees: Work and working lives in a changing business environment, Assignment, CIPD level 7, UK
- 7CO01: Critically discuss the current state of the major labour markets in which your organisation competes for staff in terms of both demand for and supply of skills: Work and working lives in a changing business environment, Assignment, CIPD level 7, UK
- 7CO01: Critically evaluate whether advancing technologies, and particularly artificial intelligence (AI): Work and working lives in a changing business environment, Assignment, CIPD level 7, UK
- Unit DAC4A1: Lead communication in adult care settings, Assignment, UOB, UK
- Unit HSC301: Role of the inter- professional team in delivering Health and Social care: An introduction to Health and Social Care, Assignment, UK
- Unit HSC301: The importance of regulatory bodies in delivery of high quality care: An introduction to Health and Social Care, Assignment, UK
- Unit HSC301: The main roles and responsibilities of Health and Social care workers when delivering care: An introduction to Health and Social Care, Assignment, UK
- Unit 04: Use an appropriate design tool to design a relational database system for a substantial problem: Database Design & Development, Assignment, BTEC Level 5, UK
- Unit 04: Centralized Database for MadZoo Digital-MadZoo Digital is a start-up company which was established in 2020: Database Design & Development, Assignment, BTEC Level 5, UK
- 5HR02: This unit focuses on the importance of effective workforce planning: Talent management and workforce planning, Assignment, CIPD, UK
- BMG847: Demonstrate a critical understanding of different research strategies and approaches: MSc International Business, Assignment, UU, UK
- Explain how the boundary layer thickness is defined- Give the definition of the friction coefficient: Thermofluids, Assignment, UOS, UK
- A thin-walled cylindrical pressure vessel with a diameter, D = 8 m, and an operational pressure 5 MPa made from a steel: Thermofluids, Assignment, UOS, UK
- Explain the physical importance and give the mathematical definition: Thermofluids, Assignment, UOS, UK
- 7HR01: Critically evaluating how this influences the work of its people professionals: Strategic employment relations, Assignment, CIPD, UK
- CIPD Level 3 3CO03: Ethical practice review A key responsibility for all ‘professionals’ is to regularly review and develop our performance at work: Core behaviours for people professionals, Assignment, UK
- CIPD Level 3: 3C002- Explain what evidence-based practice is and how it might be applied within an organisation: Principles of Analytics, Assignment , UK
- NVQ Unit 13 – Explain what it means to have a duty of care in your role and how it relates to duty of candour: The principles of Duty of Care, Assignment UK
AC4052QA Hristo Ventures, a new business, starts trading in sports shoes on 1 st January 2021 and expects: Financial Accounting Assignment, LMU, UK
University | London Metropolitan University (LMU) |
Subject | AC4052QA Financial Accounting |
Question3 (12Marks)
Hristo Ventures, a new business, starts trading in sports shoes on 1
st January 2021 and expects to make the following transactions for the 6 months ending 30th June20 21:
(i) Sales are expected to be 500 units (sports shoes) per month for the 3 months from January to March and then 700 units per month from April to June.
(ii) The selling price will be £48 per unit.
(iii) All sales will be cash sales with cash received in the same month the sale takes place.
(iv ) Payment for Purchases of inventory (sports shoes) will take place on the month after receiving the inventory. Each unit of inventory will cost £30.
(v ) Wages are expected to be £2000 per month and will be paid in the month in which they are incurred.
(v i) Rent will be £3000 per month to be paid quarterly in advance.
(v ii) General overheads are expected to cost £5000 per month and will be paid in the month in which they are incurred.
(v iii) Bought a laptop for the business in April for £2000
Required
a) Prepare a cash budget for the 6 months from January to June 2021. Show the cash receipts and cash payments the business expects to have each month and the cash balance at the end of each month. (7marks)
b) Prepare a profit budget for the 6 months ending 30th June 2021. (5marks)
Buy Answer of This Assessment & Raise Your Grades
Unlock your academic success with Assignment Writing Help and Coursework Writing Services in the UK tailored specifically for students at London Metropolitan University (LMU). Our experts specialize in the intricate subject of AC4052QA Financial Accounting.
Whether you’re grappling with challenging assignments or seeking guidance on coursework, we’ve got you covered. Navigate through your academic journey confidently as Hristo Ventures, a budding business in sports shoes trading, unfolds its financial story from January 1st, 2021. Trust our seasoned professionals to provide top-notch assistance and ensure your academic excellence. Excel in your studies with our dedicated support at every step.