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

  2. 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?

  3. 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.

  4. 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

  5. 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

  6. 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

  7. 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

  8. Mr. Wolf Ltd • During 2011, Mr Wolf returned parts which had cost him €250. Returns Out €250

  9. Mr. Wolf Ltd • The cost of bringing the materials to the factory was €3,450 • What is this called? Carriage in €3,450

  10. 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

  11. 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

  12. Mr. Wolf Ltd • Mr Wolf also had the following business expenses: € • Telephone 30 • Advertising 140 • Light & heat 60 • Carriage Out 90 • General expenses 150

  13. 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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