Question

Consider the budget versus actual figures given for the end of the first quarter

Budgeted Statement of Financial Position

Budget Actual Sale - credit (30 days) $20,000 $47,500 Sales: cash $18,000 $16,800 Total $38,000 $64,300 Cost of goods sold $10,000 $9,000 Wages $8,000 $13,000 Electricity $3,000 $3,000 Rent $7,500 $7,500 Total $28,000 $32,500 Sales Contribution $10,000 $31,800

Explain what type of business it is and the line in the calculations unions that affects your answer. Then identify and describe, based on the figures,the sales revenue aims of the business. 80-100 words

Answer 1

| Anuer What type of busivesuit_is_?commune Thir_type_of business is mainly a..manufacture I business. Because the company sold most_of.gools 09. elit. The company sold goods on aevit and buyer will get_gous do ciebie..coubcales.ase. very small which found.io sych byline Il what lines affect your_answer 10_the_Income Statement we see that credit sales fare trippled than cash sales in cash sales 16800 and cuerit sales 47100 Geocally, 0190ufq clyx.2.2_b4510ess_sale_gools on credit I in large volume and allows the customed to pay in Ild one or next month Based on the figures, what are the mallo_aims of 641798553 The aim_of_such_manufacturing business_is to increase the sales. This situation sq.medle is found I in the given income statement. It is shown by the difference in budgeted sales_and actual sales, die beigebel sales fcedit) = 20000_and astusel spder coedit -> 47100 The difference is doubled . Also we can say that increque in sales leads to the lacreque in the contribution by $ 3/800