1. Prepare the financial statements of the company at the beginning of the month. 2. Apply the...
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Question:
1. Prepare the financial statements of the company at the beginning of the month.
2. Apply the relevant activities from the list above to generate financial statements at the end of the month.
3. What is the gross margin of the company?
4. What is the profit and net margin during the period?
5. Do you think it's a good deal? Why?
6. Do you think it is a good idea to invest in the bread machine to customize the covers? How many should you sell to recover the Investment?
(All activities happen in a period of one month)
- Shareholders invest $100,000 pesos.
- The company buys 1,000 pieces of China for $30,000 pesos.
- The company pays $9,000 in import charges.
- The company pays $6,000 for the rent of a space in the computing plaza.
- The company pays $12,000 for the manager's salary for the month.
- The company sells 250 pieces for $200 pesos each.
- The company invests $10,000 pesos in a machine to customize covers.
- The company sells 100 personalized seats for $300 pesos each.
- The company requests a credit for $50,000. at a rate of 12%.
- The company invests $50,000 pesos in a virtual store.
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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