ASSL1S LIA8ILI1ILS
CUkkLN1 SnCk1 1LkM
Cash 2.000 5 supp||ers 30.000 5
Customers 1S.000 5 Notes payab|e S.000 5
I|n|shed Goods Inventory S.000 5 1C1AL SnCk1 1LkM 3S.000 5
1C1AL CUkkLN1 22.000 5
LCNG-1LkM
NC CUkkLN1 Cb||gat|ons payab|e S.000 5
Ground 43.000 5 1C1AL LIA8ILI1ILS 40.000 5
8u||d|ng and Lqu|pment 40.000 5
Accumu|ated Deprec|at|on S.000 5 CAI1AL ACCCUN1AN1
1C1AL NCN-CUkkLN1 78.000 5 Cap|ta| contr|buted 40.000 5
Cap|ta| catt|e 20.000 5
1C1AL CAI1AL 60.000 5
1C1AL ASSL1S 100.000 5 1C1AL LIA8ILI1ILS + nLkI1AGL 100.000 5
LkLkCISL 7.3
3) 1he company "Leader SA" presents |ts ba|ance sheet at December 31, 2001 and ca||s for the preparat|on of the statement of f|nanc|a| pos|t|on budgeted
for 2002:
8ALANCL SnLL1
At December 31, 2001
lL also provldes Lhe followlng lnformaLlon:
1) 1he sales budgeL ls $ 90,000
budgeLed Sales = 90.000 $
2)1he maLerlals budgeL requlred ls equal Lo 23 of sales budgeL
budgeLed Sales = 90.000 $
8equlred M = 23 venLas presupuesLadas
8equlred M = 22.300 $
3) 1he maLerlals purchases budgeL ls $ 32,000
urchase MaLerlals = 32.000 $
4)1he work budgeL ls equal Lo 30 of budgeLed sales
budgeLed Sales = 90.000 $
Labor = 30 venLas presupuesLadas
Labor = 27.000 $
3) 1he budgeL of lndlrecL manufacLurlng cosLs ls 10 hlgher Lhan Lhe labor
budgeLed Sales = 90.000 $ lndlrecL manufacLurlng cosLs = 10 > MC
lndlrecL manufacLurlng cosLs = 2.700 $ (+MC)
Labor = 30 budgeLed Sales lndlrecL manufacLurlng cosLs = 29.700 $
Labor= 27.000 $
6) 1he operaLlng expense budgeL ls $ 7000
CperaLlng Lxpenses = 7.000 $ Con deprec
2.000 $
CperaLlng Lxpenses = 3.000 $ sln deprec
7) 1he deslred endlng lnvenLory of flnlshed goods ls $ 4,600
ueslred Lndlng lnvenLory of llnlshed Coods = 4.600 $
8) 83 of 2002 sales are charged ln LhaL perlod whlle 13 wlll be charged on Lhe followlng
collecLlon:
2002 = 83 Sales
2003 = 13 Sales
2002 2003 1C1AL
budgeLed Sales 90.000 $ 76.300 $ 13.300 $ 90.000 $
9) 1he 2001 accounL cusLomers wlll be charged ln 2002
AccounL CusLomers 2001 = 30.000 $
uepreclaLlon budgeLed =
10) lL wlll pay 80 of purchases of maLerlals ln 2002. 1he remalnlng 20 wlll be pald ln Lhe nexL perlod
aymenLs:
2002 = 80
2003 = 20
2002 2003 1C1AL
Compra de MaLerlales 32.000 $ 23.600 $ 6.400 $ 32.000 $
11)1he budgeLed depreclaLlon ls $ 2000 (corresponds Lo Cll)
2.000 $
12) lL wlll borrow $ 13,000 shorL-Lerm
ShorL Lerm loan = 13.000 $
13)1hey seLLled accounLs payable 2001
pay Suppllers 2001 = - $
14) 1he mlnlmum cash balance LhaL musL be malnLalned ls $ 2000
Mlnlmum cash balance = 2.000 $
L8lC8M:
repare Lhe SLaLemenL of llnanclal oslLlon budgeLed for 2002
urchase MaLerlals
urchase MaLerlals
uepreclaLlon budgeLed =
S1A1LMLN1 CCS1 CI SALLS 8UDGL1LD
Sa|es kaw Mater|a| Used
(-) Cost of Sa|es (+) D|rect Labor
(=)Gross prof|t on sa|es (+) Manufactur|ng expenses
(-) Cperat|ng Lxpenses (=)CCS1 CI kCDUC1ICN
(=) Cperat|ng Income (+) Cpen|ng Stock of I|n|shed Goods
(=) I|n|shed Goods Ava||ab|e
(-) I|n|shed Goods Lnd|ng Inventory
(=) CCS1 CI SALLS
kaw Mater|a| Used 22.S00 5
(+) D|rect Labor 27.000 5
(+) Manufactur|ng expenses 29.700 5
(=) CCS1 CI kCDUC1ICN 79.200 5
(+) Inventory In|t|a| I|n|shed roducts S.000 5
(=) I|n|shed Goods Ava||ab|e 84.200 5
(-) Inventory I|na| of f|n|shed products (4.600) 5
(=) CCS1 CI SALLS 79.600 5
to December 31, 2002
LkLkCISL SCLU1ICN 7.3
CCS1 CI SALLS 8UDGL1LD
L| L|der S.A
CCnCL1uAL
l8AMLWC8k
Sa|es 90.000 5
(-) Cost of Sa|es (79.600) 5
(=) Gross prof|t on sa|es 10.400 5
(-) Cperat|ng Lxpenses (7.000) 5
(=) Cperat|ng Income 3.400 5
1ICkL1S 2002
Deferred revenues 76.S00 5
Co||ect|ons of Cts x charge |ast year (2001) 1S.000 5
|oan 1S.000 5
1C1AL LN1kILS 106.S00 5
DLAk1UkLS
ayments purchase of mater|a|s 2S.600 5
Accounts payab|e payment year (2001) 30.000 5
Sa|ar|es 27.000 5
Manufactur|ng expenses 29.700 5
Cperat|ng Lxpenses S.000 5
1C1AL CU1U1 117.300 5
(=) DIIILkLNCL (10.800) 5
(+) In|t|a| 8a|ance 2.000 5
(=) Surp|us or m|ss|ng (8.800) 5
(+) Iund|ng 10.800 5
(=) 8ALANCL AL 31]12]2002 2.000 5
S1A1LMLN1
L| L|der S.A
to December 31, 2002
CASn ILCW 8UDGL1
L| L|der S.A
to December 31, 2002
ASSL1S LIA8ILI1ILS
CUkkLN1 SnCk1 1LkM
cash 2.000 5 supp||ers 6.400 5
customers 13.S00 5 Notes payab|e 30.800 5
I|na| Inventory of kM 9.S00 5 1C1AL SnCk1 1LkM 37.200 5
I|na| Inventory of ro. I|n. 4.600 $
1C1AL CUkkLN1 29.600 5 LCNG-1LkM
NC CUkkLN1 Cb||gat|ons payab|e S.000 5
ground 43.000 5 1C1AL LIA8ILI1ILS 42.200 5
8u||d|ng and Lqu|pment 40.000 5
Accumu|ated Deprec|at|on (7.000) 5 CAI1AL ACCCUN1AN1
1C1AL NCN-CUkkLN1 76.000 5 Cap|ta| contr|buted 40.000 5
Cap|ta| catt|e 23.400 5
1C1AL CAI1AL 63.400 5
1C1AL ASSL1S 10S.600 5 1C1AL LIA8ILI1ILS + nLkI1AGL 10S.600 5
8ALANCL SnLL1 8UDGL1LD
L| L|der S.A
A| 31 de D|c|embre de 2002