pre exam answer - Question 1 a Trolleybus Pty Ltd Cash...

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Question 1 a. Trolleybus Pty Ltd Cash budget For quarter ended 31 December 2007 Receipts: October November December Cash received from debtors 88,200 32,400 75,600 33,000 77,000 38,400 120,600 108,600 115,400 Payments: Wages and salaries 69,000 66,000 62,000 Vehicle expenses 34,000 35,000 29,000 Advertising 9,000 Other expenses 5,200 5,100 6,000 Interest expense 3,500 Loan repayment 15,000 Dividend 18,000 Tax 8,000 108,200 121,100 135,500 Net cash flow 12,400 (12,500) (20,100) Opening cash balance 32,000 44,400 31,900 Closing cash balance 44,400 31,900 11,800 Question 2 a. 30 000 units b. 42 000 units c. Break-even would now be 31 250 units. Question 3 a. Myrtle Blackwood Teak ARR 16/50=32% 16/37.5=42.7% 19/45=42.2% b . PP 2.2 years 3 years .9 year c. NPV 36,880 31,840 49,715
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Question 4 Rexel Ltd Income statement for year ending 30 June 2006 $ $ Sales 233,000 Less: cost of sales 114,000 Gross profit 119,000 Less expenses: Wages 37,560 Depreciation 4,900 Rent 20,000 Electricity 2,510 64,970 Net profit 54,030 Retained profit brought forward 26,900 Retained profit carried forward 80,930 Rexel Ltd Balance sheet as at 30 June 2006
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