a) A company is expecting to have Ghc. 25,000 cash in hand on 1st April 2019...

  

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a) A company is expecting to have Ghc. 25,000 cash in hand on 1st April 2019 and it requires you to prepare an estimate of cash position in respect of three months from April to June 2019, from the information given below: Sales Purchase Wages Expenses February March 8,000 8,000 6,000 7,000 70,000 40,000 80,000 April May 50,000 52,000 60,000 7,000 92,000 1,00,000 9,000 10,000 8,000 June 1,20,000 55,000 12,000 9,000 Additional Information: (a) Period of credit allowed by suppliers - One months. (b) 35 % of sale is for cash and the period of credit allowed to customer for credit sale one month. (c) Delay in payment of wages and expenses two month. (d) Income Tax Ghc. 40,000 is to be paid in June 2003 b) Using your choice of the company's explain why the materials control process for two companies would differ from each other. c) Stock management has always been an issue for many companies in terms of management, discuss ways through which pilferage can be managed, using a) A company is expecting to have Ghc. 25,000 cash in hand on 1st April 2019 and it requires you to prepare an estimate of cash position in respect of three months from April to June 2019, from the information given below: Sales Purchase Wages Expenses February March 8,000 8,000 6,000 7,000 70,000 40,000 80,000 April May 50,000 52,000 60,000 7,000 92,000 1,00,000 9,000 10,000 8,000 June 1,20,000 55,000 12,000 9,000 Additional Information: (a) Period of credit allowed by suppliers - One months. (b) 35 % of sale is for cash and the period of credit allowed to customer for credit sale one month. (c) Delay in payment of wages and expenses two month. (d) Income Tax Ghc. 40,000 is to be paid in June 2003 b) Using your choice of the company's explain why the materials control process for two companies would differ from each other. c) Stock management has always been an issue for many companies in terms of management, discuss ways through which pilferage can be managed, using

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Acalculation of sales month april may june 35 in cash in same month 32200 35000 42000 65 in next mon... View the full answer