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Kaplan AB 209 Unit 10 Assignment Profit and Loss
NEW
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AB 209 Unit 10 Assignment Profit and Loss NEW
Assume monthly sales are 280,000 October,
290,000 November, and 345,000 December
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Assume Inventory purchases are 60,000 Oct,
60,000 Nov, and 70,000 Dec
Assume the owner gets a cash disbursement in Oct
of 45,000, Nov of 51,000, and Dec of 52,000
Assume wages and salaries are 48 of gross
monthly sales
Assume rent is 9500 a month
Assume utilities are 5 of gross monthly sales
Assume a tax prepayment of 16,000 in October
3
Assume bank interest on the note is 15000/month
Assume a depreciation expense of 15,000
in December
Answer the questions Does the firm need to
borrow money at the end of the year to
meet expenses? Why or why not?
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