We all know how this story ended but what happened next
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We all know how this story ended…….but what happened next??? PowerPoint PPT Presentation


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We all know how this story ended…….but what happened next???. Mr. Wolf wanted revenge. He decided to invent a special machine The machine was a wind machine, which could blow hurricane speed winds….which could easily knock down a small brick house

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We all know how this story ended…….but what happened next???

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We all know how this story ended but what happened next

We all know how this story ended…….but what happened next???


We all know how this story ended but what happened next

  • Mr. Wolf wanted revenge.

  • He decided to invent a special machine

  • The machine was a wind machine, which could blow hurricane speed winds….which could easily knock down a small brick house

  • News of his invention spread to other wolves in the area. What do you think happened next?


We all know how this story ended but what happened next

  • He set up a business, making and selling these machines!

  • It has been running successfully for the last few years, but he is not sure if he made a profit or a loss last year.

  • He needs your help now to put together his Trading Account for 2011.


Mr wolf ltd

Mr. Wolf Ltd

In 2011, Mr Wolf sold 100 machines. Each machine was sold for €200.

What is Mr. Wolf’s sales figure for 2011?

Sales

€20,000


Mr wolf ltd1

Mr. Wolf Ltd

5 machines were returned to Mr. Wolf in 2011.

What is Mr.Wolf’s Returns In figure for 2011(Each was sold for €100)?

Returns In

€500


Mr wolf ltd2

Mr. Wolf Ltd

  • At the beginning of the year, Mr. Wolf had 20 machines in stock. These had cost him €70 each to make.

  • How much is his opening stock worth?

Opening Stock

€1,400


Mr wolf ltd3

Mr. Wolf Ltd

  • During 2011, Mr Wolf purchased parts used for making the machines. The total amount he paid was €11,500.

Purchases

€11,500


Mr wolf ltd4

Mr. Wolf Ltd

  • During 2011, Mr Wolf returned parts which had cost him €250.

Returns Out

€250


Mr wolf ltd5

Mr. Wolf Ltd

  • The cost of bringing the materials to the factory was €3,450

  • What is this called?

Carriage in

€3,450


Mr wolf ltd6

Mr. Wolf Ltd

  • Mr. Wolf also had to pay €1,150 Import Duty on his purchases. He had no other Costs of Sales.

Import Duty

€1,150


Mr wolf ltd7

Mr. Wolf Ltd

  • On the last day of 2011, when Mr. Wolf closed up his factory, he had 50 wind machines left unsold. The total cost of making these goods was €3,500.

Closing Stock

€3,500


Mr wolf ltd8

Mr. Wolf Ltd

  • Mr Wolf also had the following business expenses:€

    • Telephone30

    • Advertising140

    • Light & heat60

    • Carriage Out90

    • General expenses150


The good news

The Good News…..

  • Mr. Wolf made enough money from his business to buy food and he decided to leave the pigs alone.

  • And they all lived…………..

Happily ever after


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