Osbourne Books, Cash Management and Credit Control, for the simulation Sleepy Hollow Limited

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
The book I am working from is Osbourne Books, Cash Management and Credit Control, for the simulation Sleepy Hollow Limited.<BR><BR>Can anybody tell me how they worked out Wood Suppliers?<BR><BR>Thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Osbourne Books, Cash Management and Credit Control, for the simulation Sleepy Hollow Limited

    <b>Payments to Wood Suppliers</b><BR><BR><OL><BR><li>Find the Sales of beds in units see <a target=new class=ftalternatingbarlinklarge href="http://www.aat.co.uk/forums/messageview.cfm?catid=44&threadid=5174">my response to this question</a><i>just click</i><BR><li>Use this to calculate the number of beds that need to be produced<BR>Sales + Closing Stock - Opening Stock = Bed Production<BR><li> Using the production figures, calculate the amount of wood that needs to be purchased<BR>Bed production x metres of wood per bed + closing stock - opening stock = Purchases of wood<BR><li> Payment to wood suppliers will be as per the memo from Steve Tranz (Jan £500,000, Feb £300,000 <i>from the balance sheet</i>+ the Jan purchases <i>£200,000</i><BR></OL><BR>I hope this helps<BR>If you'd like more email me <a target=new class=ftalternatingbarlinklarge href="mailto:sandy.hood@chichester.ac.uk">Sandy Hood</a><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Osbourne Books, Cash Management and Credit Control, for the simulation Sleepy Hollow Limited

    Thanks

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