JAN FEB MAR APR

sales 12000 8000 13000 11000

collections 11000 10000 11500 10500
CGS 7800 5200 8450 7150
Sales Method Revenue 12000 8000 13000 11000
Sales Method Gross Margin 4200 2800 4550 3850
Installment Method Revenue 11000 10000 11500 10500
Installment Method Gross Margin 3200 4800 3050 3350
MAY JUN
9000 13500
10500 9500
5850 8775
9000 13500
3150 4725
10500 9500
4650 725
in million $ This Year Next Year
PBT(Without Motel) 1.25 1.25
Cost of Construction of motel(Completion) 0 4.25
Revenue from motel(Completion) 0 5
Cost of Construction of motel(% of Completion) 2.55 1.7
Revenue from motel(% of Completion) 3 2
Total PBT(% of completion) 1.7 1.55
Total PBT( completion) 1.25 2
Particulars Dr

Bad Debts 3000

Accounts Receivable

Cash 950
Bad Debts
Cr

3000

950
A)

in $ Probability of collection Amount

less than 16 days 0.99 450000
16-30 0.94 150000
31-45 0.8 75000
46-60 0.65 45000
61-75 0.5 15000
Allowance for bad debts

B)

Accounts receivable 750000-15000=735000

Accounts Receivable 735000

less Allowance for bad bebts 51750
Net accounts receivable 683250
probable bad debts
4500
9000
15000
15750
7500
51750
a)

Green Lawn's Books

debit credit
Dr Inventory on consignment 8400
Cr. Finished goods inventory 8400

b)

Green Lawn's Books

debit credit
Dr Accounts Receivale 5040
Cr. Sales 5040

Dr. Cost of goods sold 3360

Cr. Inventory 3360

Carlson's Books
debit credit
Dr. Cost of goods sold 5040
Cr. Accounts Payable 5040

Dr Accounts Receivable 6720

Cr. Sales 6720
 Total price 4900000

20X4 20X5 20X6

Revenue 980000 1470000 2205000
Costs 721000 1190000 1715000
Income 259000 280000 490000
A)

Total Cash 23100

Net AR 32800
Total CA 125200
Total CL 71300

Current Ratio 1.755960729

Quick Ratio 0.78401122

B)

Total Cash 23100

Total Expences 231000
Days Cash 36.5