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Need to create a profit planfinance plan and budgeted

Need to create a profit plan/finance plan and budgeted balance sheet and show the workings?

Taxes on income amount to 30%.

There is a prepayment of taxes amounting to 700,000.

The rate of turnover of receivables is 12.

The time allowed for payment of liabilities is 40 days.

For the 2^nd quarter of the planned business year a dividend payment of 500,000 is planned.

A cash demand or a surplus of cash is to be balanced through the bank account.

The opening balance sheet:

Balance Sheet
Fixed assets	3.267.000	Equity	4.916.290
Inventories	1.780.000	Liabilities	2.103.600
Receivables	5.136.000	Bank loan	6.720.000
Bank account	3.556.890
Assets	13.739.890	Equity and Liabilities	13.739.890

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Finance Basics: Need to create a profit planfinance plan and budgeted

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