Write your exam number and the names of your answer files on the diskette label. Dard plc runs a nationwide chain of builders suppliers. You are the new manager of the Ealing branch. These percentages are fixed and unalterable for February and March Sales which have already occurred but collection of projected sales may be affected by changes in these planned percentage values. Assume there are no bad debts.
Stock purchases each month are just sufficient to cover the following month s projected sales.
All purchases are paid for in the month following purchase. Fixed expenses for rent and rates are 40,000 monthly. All fixed and variable expenses are paid in cash in the month they are incurred. Depreciation is 2,000 a month. In April 40,000 is going to be paid for fixtures acquired in March.