Estimates the cash requirements of Himalaya Fruits Co. Ltd. for June 2012 on the basis of...
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Estimates the cash requirements of Himalaya Fruits Co. Ltd. for June 2012 on the basis of data given below: (a) Sales: February 2012 Rs. 25000 March 2012 Rs. 20000 April to June 2012 Rs. 30000 per months Roughly half the sales are for cash, 90% of credit sales are collected in the month following the month of sales and balance one month later. (b) Fruits are always bought for cash to avail of the cash discount of 5%. The purchase budget for the second quarter (April to June) was Rs. 15000 baskets per month at Re. 1 per basket. (c) Wages and salaries for 2nd quarter were budgeted at Rs. 500 per month. (d) Manufacturing and other expenses budget for the quarter: Cash expenses: Rs. 4500 Depreciațion: Rs. 7500 Selling expenses: Rs. 3000 Administrative expenses: Rs. 2000 (April and May only) Estimates the cash requirements of Himalaya Fruits Co. Ltd. for June 2012 on the basis of data given below: (a) Sales: February 2012 Rs. 25000 March 2012 Rs. 20000 April to June 2012 Rs. 30000 per months Roughly half the sales are for cash, 90% of credit sales are collected in the month following the month of sales and balance one month later. (b) Fruits are always bought for cash to avail of the cash discount of 5%. The purchase budget for the second quarter (April to June) was Rs. 15000 baskets per month at Re. 1 per basket. (c) Wages and salaries for 2nd quarter were budgeted at Rs. 500 per month. (d) Manufacturing and other expenses budget for the quarter: Cash expenses: Rs. 4500 Depreciațion: Rs. 7500 Selling expenses: Rs. 3000 Administrative expenses: Rs. 2000 (April and May only)
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Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
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