D plc operates a retail Business - 907

Solution Posted by
Solution Detail
Price: $5.00
  • From: Finance,
  • Posted on: Tue 06 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Dplc operates a retail business. Purchases are sold at cost plus 25%. The management team are preparing the cash budget and gathered the following data.

 


Solution Description

 

All figures are in  £000

 

 

Month

Sales

Cost of Sales

Opening Inventory

Closing Inventory