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Optical Fibre

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Submitted By benz777
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ASSESSMENT TASK-1
CASE STUDY SALES BUDGET
ITEM JANUARY FEBRUARY MARCH TOTAL
1. $30,000 30000+(10/100×30000) = $33,000 33000+(50/100×33000) = $49,500 $112500

OPERATING EXPENSES BUDGET
Operating expenses
SALES JANAURY FEBRUARY MARCH
Salary to partners 9167 9167 9167
Salary to others 6667 6667 6667
Stationery 167 167 167
Electricity 100 100 100
Travel 600 660 990
Bank charges 133 133 133
Phone 240 240 240
Rent 1800 1800 1800
Total 18874 18934 19264

Other expenses
Depreciation 167 167 167
Advertising 300 330 495
Total 467 497 662
Total expenses 19341 19431 19926 Total = 58698

CASH FLOW BUDGET
ITEMS JANUARY FEBRUARY MARCH TOTAL
Cash at Bank 12,000 22,826 36,562 12000
Sales revenue 30,000 33,000 49,500 112,500
Total 42,000 55,826 86,062 124500
Less cash payment 19,174 19,264 19,759 58197
Depreciation 22826 36562 66303 125691

BUDGETED INCOME STATEMENT
ITEMS AMOUNTS
Sales revenue 112500
Less operating expenses 55098
Net profit 55098

CASE STUDY PART B
DUTIES SPECIFIC ORGANISATIONAL INFORMATION, SUPPORT, RESOURCES REQUIRED
INVOICING It will involve request and purchase order of the company. A document should be there which will have all the information related to sales and transactions. All the payments will be stated in the invoice.
PURCHASE ORDERS This is the first official order issued by the company to a customer. So basically it will create an agreement between company and customer that the deal is made.
PROCESSING CHEQUES Once the deal is finalized the buyer will make a payment of money through cheque in order to start trading.
PROCESSING CASH The company has a short term investment which involves processing of cash. The manager will usually handle this responsibility.
PROCESSING CREDIT CARDS This is also called third party processing involving transactions between company banks and customer account

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