Accounting and Finance for Executives – UUAC5300 Assignment – 2 Semester 1 – 2018
This questions has two parts (Q 2.1 and Q 2.2), each part has sub parts and attempts to address various aspects related to budgeting. Please read the instructions carefully and answer each part. Q2.1: (Maximum Marks = 15) The following data has been estimated for Hamilton Limited, who commenced the business on January 1, 2018. Estimated Sales: January $ 60,000 February $ 55, 000 Cash sales are estimated to be 30% of the total sales Debtors are expected to pay: 40% in the month of sale 60% in the month after sales Estimated purchases: January $ 35,000 February $ 39,000 All purchases are to be on credit and are to be paid for in the…
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