Budgets

Academic Product No. 02: Task

1. Considerations:

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Criterion Detail

Subject or matter Operating Budget

Statement MASTER BUDGET

The General Management has requested the Financial Management to prepare the budget
general for the first bimester of the year 2020.

INFORMATION FOR THE PREPARATION OF THE OPERATING BUDGET:

The balance sheet as of 12/31/19 is as follows:

ACTIVE PASSIVE
Box 35,000.00 Payable letters with. 61.40
Letters to collect with. 40,900.00 CTS to be paid 5,000
Stocks 72,000.00 Income Tax payable 7,000
200 players at S/. 360.00 each. IGV to be paid 6,000
Total Current Assets 147,900.00 Total Current Liabilities 79.40
Long-term debts 35.00
Total Pasivo 114.4

HERITAGE
Land 17,600.00 Social Capital 36.50
Furniture and Equipment 48,000.00 Accumulated Results 58,10
Accumulated Depreciation -4,500.00 Total Assets 94.60

TOTAL ASSET 209,000.00 TOTAL LIABILITIES AND EQUITY 209.0

[Link] DE VENTAS:
The projected sales volume for the two-month period of the year 2019 is as follows:

DETAIL JANUARY FEBRUARY

Player (Units) 1000 1500
Unit selling price 490.00 500.00

2. PRICES:
The unit cost of acquiring the products will remain unchanged in relation to the in
as of 31.12.19 and it is expected to remain the same during the projected period.

3. STOCK POLICY:
For the product, 20% of the sales volume must be maintained at the end of each month.

4. OPERATING EXPENSES:

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administration and sales expenses each month. Below are the items detailed
different operating expenses:

Detail Average monthly cost.

Salaries 15000.00
CTS 5000.00
Depreciation 391.67
Sales Expenses 24500.00
Other Administrative Expenses. 21278.25
TOTAL EXPENSES 66169.92
Other administrative expenses are the only operational expenses subject to 18%
which are already included.

INFORMATION FOR THE PREPARATION OF THE FINANCIAL BUDGET

5. To prepare the FINANCIAL BUDGET, additionally consider what is already in

previously the following:
In January, the pending payments as of December 31 will be charged at 20%
In January, 70% of the commercial promissory notes payable as of December 31 will be paid.
100% of the VAT outstanding as of 31.12.19.
On January 1, furniture and fixtures were sold at a cost of S/.1,000.00.
Accumulated depreciation was S/.200.00, the asset was sold for S/.1,200.00
In February, dividends in cash amounting to S/.50 will be declared and paid.
corresponding to the profits of the previous year (2019).
e. All disbursable operating expenses (except for CTS) will be settled.
integrity in the corresponding month.
f. In the month of February, 70% of the long-term debt will be paid. Consider addition
$800.00 for interest.
On 01.02.20, a cash purchase of a transport unit will be made at a value
36,000.00 plus VAT.
The CTS will be paid within the first 15 days of the following month, inclusive.
5,000.00 as of 31.12.19
i. The cancellation of all IGV settlements and payments to cue will be carried out.
income tax (2% of the sale value) in the months that correspond.
j. TAKE INTO ACCOUNT THAT THE VAT IS 18%

It is requested to prepare:

OPERATING BUDGET
Sales budget
2. Stock Budget

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3. Purchase budget
4. Operating Expenses Budget
5. Sales Cost Budget
6. Income Statement

FINANCIAL BUDGET

1. Revenue Budget
2. Expenditure budget
3. Tax Budget
4. Cash Flow
5. Projected Financial Position

Instructions Resolve the statement in a Word document, clearly and coherently.

to present ● Revisa la rúbrica de evaluación en la que podrás conocer los aspectos que se evaluarán en el p
the file in
the virtual classroom what you are delivering.
● Save the file and send it through the Academic Product No. 3 Send icon that you will find
Virtual Classroom.

References Virtual classes

to carry out Unit manual
the activity. Books proposed in the syllabus bibliography

2. Evaluation rubric:

Below is the assessment scale, based on which individual work will be evaluated,
where the maximum scale by category equals 5 points and the minimum, 0.

Criteria Achieved In process Not achieved

(5 points) (3 points) (0 points)

Structure The work is very good The work is regular. The work does not have a
structured, it is understood structured, it is understood with structure or this is not
easily the development difficulty in the development of coherent, the development
it is not understood in
according to the structure according to the structure
relation to the structure.
Presentation The work is very The work is The work is not good
well presented, your regularly presented presented, it is not
reading and finishing is meets the minimum appropriate for a
sufficient to do required to be presentation to a
a presentation presented to an instance managerial instance.
managerial. managerial.

Development The work is The work is developed The work is not

developed in its partially in more than developed or is it
totality taking in 50%, there are some topics in less than 50%.

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tell what you learned in that were not addressed in

class. the resolution

Quality The work is very good The work is regular. The work is not good.
developed achieving the developed achieving more developed or is it
100% of the responses of 50% of the responses in less than 50%
correct. correct. the answers
correct.

Total

Note:

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