Staples Pty Ltd For Assessment One Task 1 Part A May June July August September October Sales Revenue coms & Purchases Budget Open Inventory Plus: Purchases 55% Less: Desired Closing Inventory 25% 20,000 21,800 Cost of Goods Sold Other Expenses July August September Quarter Total Rent Wages Electricity Interest on Loan Cleaning Depreciation: Furniture & Equipment 10% 27,000 Plant & Machinery 15% 54,000 Total Other Expenses Budgeted Income Statement July August September Quarter Total Revenue ess: Cost of goods sold Gross Profit Less: Other Expenses Net Profit Cash Receipts Schedule Month Collected July August September October Days in Receivables 0 - 30 31 - 60 % of Sales Revenue (Work out appropriate percentages) a Sales Revenue Following Cash received covered both Cash & Credit Sales: Reco June Accounts Receivable July Sales OF August Sales September Sales Totals Cash Receipts Cash Payments Schedule Month Pald July August September October Days in Payables 0 - 30 31 - 60 %% of Purchases (Apply appropriate percentages) a Purchases Following Cash paid for various month's purchases: Reco June A/c Payable July Purchases OF August Purchaes September Purchases Total Staggered Cash Payments Other Cash Payments: Rent Wages Electricity Interest on Loan Loan (principal) repayment Cleaning Dividends New Machinery Total Cash Payments Cash Budget June July August September Opening Balance Cash at Bank Plus: Cash Receipts Less: Cash Payments Closing Balance Cash at Bank 6,000 Balance Sheet 30 September Qurrent Assets Cash at Bank