1. UNIDAD EDUCATIVA BILINGUE NUEVO MUNDO
WORKSHEET
FOR ING 01 VER 15 04 11
Teacher: Alex Arancibia Name: ……………………………
Course: 2nd Bach Section:…………………………
Subject: Business & Management HL Date: _________, 2012
Activity:
The board of directors of Riveau Yachts are keen to know what the financial results are likely to be
for 2013 and so have asked the financial director to prepare a forecast set of accounts. The
financial director has started to collect forecasts of the financial information for the financial year
2013. He has so far managed to get the following information:
Total sales $160 000 000 Stock $28 550 000
revenue
Gross profit $18 750 000 Debtors $18 250 675
Net profit $7 250 000 Cash $789 950
Retained profit $1 894 000 Current liabilities $20 500 250
Net assets $75 841 000
He is also using the following supplementary information and assumptions:
• the number of shares in circulation is 2501000
• the board want to pay a dividend of $0.50 per share
• the interest bill will be 39.39% of the net profit before interest and tax
• the corporate tax bill for this kind of business in the country amount to 28.45% of profits.
Prepare a forecast profit and loss account for 2013, providing figures for COGS (Cost of Goods
Sold), and Marketing, Sales and Administrative Expenses.
Approved by: ________________________ Date: 29nov2012 # of copies: 46 Pages: 1/1