fin 622 assignment sol

Tuesday, June 29, 2010
Fin622 Idea Ass Sol


May

June
Balance opening

11500

3400
February

-------------------------------

-----------------------------
March

10500

------------------------------
April

29400

12600
May

12000

19600
June

------------------------

6000
Total cash inflow

63400

41600
Less disbursement

-60000

-45000
Net cash inflow -outflow

3400

-3400

March


Cash sales = 30%of total sales15000

Credit sales = 70% of total sales 35000

Recovery of credit sales in May = 30% of credit sales = 10500



April

Cash sales = 30% of total sales 18000

Credit sales = 42000

Recovery of credit sales in May = 70% of credit sales = 29400

Recovery of credit sales in June= 30% of credit sales = 12600



May

Cash sales = 30% of total sales 12000

Credit sales = 28000

Recovery or credit sales in June = 70% of credit sales = 19600



June

Cash sales = 30% of total sales 6000


Please do make changes in these assignment otherwise every one who copy this assignment as it is will awarded zero marks