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You are the project manager for Safeway Inc., a company that specialises in the design...

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Accounting

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You are the project manager for Safeway Inc., a company that specialises in the design and production of personal protection equipment (PPE). Your current project involves the manufacturing and distribution of facemasks and surgical gloves for all health workers in the Eastern Cape. The following information is available: The client pays four monthly payments of R125 000 for May, R93 000 for June, R110 000 for July and R117 000 for August. You employ labour at R65 000 per month from May to August. You buy materials at R55 000 for May and R30 000 per month from June to August. You hire equipment at R27 500 per month for May, June and August and R60 000 for July. The cost of transport services totals R15 000 per month. Compile a project cash flow statement for incurred costs during the four-month period from May to August. Indicate if there is a profit or loss at the end of the project

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