Reference no: EM133001809

Question - The company Kaos AB is complete chaos. The economist has terminated his employment at short notice and you have been hired to create order and order in the business. In a drawer you will find a number of notes that in some way belong together with the budget for the coming financial year (2019). Do a profit, liquidity and budgeted balance sheet for 2019. (Taxes and VAT are not taken into account and all figures are SEK)

You will find the following notes in the drawer:

1. Accounts receivable as of December 31, 2018 are 300.

2. The cashier at the end of 2018 amounts to 100.

3. The credit period is the same in 2018 as in 2019.

4. Fixed assets as of December 31, 2018 amount to 900.

5. Budgeted salaries amount to 400 in 2019.

6. The number of employees is 15.

7. The company's share capital amounted to 850 on 31 December 2018.

8. On 31 December 2018, bank loans amounted to 650.

9. The credit period for purchases of goods and credit sales is 20 days.

10. The head office is located at Storgatan 126.

11. Depreciation amounts to 100 in 2019.

12. Interest is paid in 2019 at 100.

13. Budgeted cash sales 2019, 1000.

Inventories as of December 31, 2018 amount to 500.

15. Purchases of goods amount to 150 per month.

16. Miscellaneous other costs amount to 100 during 2019.

17. Credit sales in 2019 amount to 150 per month.

18. The company's market share amounts to 50 percent.

19. The company plans to amortize 100 in 2019.

20. Inventories at the end of 2019 are estimated at 800.