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Company Financial Overview and Analysis

This document summarizes the financial position of Bon Voyage Travel. It shows the company has total assets of $30,350 consisting of current assets of $14,350 (cash) and non-current assets of $16,000 (equipment and commissions receivable). Total liabilities are $29,000 consisting of current liabilities of $1,000 (credit card) and long-term liabilities of $3,000 (equipment loan). Owner's equity is $25,000. The income statement shows revenue of $10,000 and expenses of $14,350 resulting in net income of $1,000.

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Sourav Mookerjee
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129 views18 pages

Company Financial Overview and Analysis

This document summarizes the financial position of Bon Voyage Travel. It shows the company has total assets of $30,350 consisting of current assets of $14,350 (cash) and non-current assets of $16,000 (equipment and commissions receivable). Total liabilities are $29,000 consisting of current liabilities of $1,000 (credit card) and long-term liabilities of $3,000 (equipment loan). Owner's equity is $25,000. The income statement shows revenue of $10,000 and expenses of $14,350 resulting in net income of $1,000.

Uploaded by

Sourav Mookerjee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Charles company

Assets
Current Assets
Cash- $12,000
Total CA:- 12000
Non Current Assets
Inventory- $ 95,000
Other items- $ 13,000
Total NCA- 108000

Total Assets :- $ 120000

arles company
Liability & Owner's Equity
Current Liablity

Long term liability


Loan:- $ 40,000

Owner's equity
$12,000
$68,000
Total L & OE - $ 120000

Mi
Current Assets
Non Current Assets
Total Assets
Current Liability
Non Current Liability
Paid in capital
Retained earning
Total Liability and Owner's equity

The basic accounting equation applied h

Microtech Company
Year 1

Year 2

113624

90442

410976

198014

524600

288456

56142

40220

240518

71297

214155

173295

13785

3644

524600

288456

basic accounting equation applied here is

( Total Assets = Total Liablity + Owner's Equity)

ny
Year 3

Year 4

85124

69090

162011

151021

247135

220111

15583

17539

60100

30222

170000

170000

1452

2350

247135

220111

al Liablity + Owner's Equity)

Astrotech Company
Sales
cost of goods sold
Gross Margin
Other expense
Profit before taxes
Tax expense
Net Income

Year 1
12011
3011
9000
6201
2799
1120
1679

Year 2
11968
2992
8976
6429
2547
1019
1528

ompany
Year 3
11545
2886
8659
6296
2363
945
1418

Year 4
10000
2500
7500
5600
1900
800
1100

Sl. No.

Cash

20000

-5000

-1000

4
5
6
7
8
9
10
11

-4500
+5000
-1500
+1000
-750
-500

Accounts receivable

+5000
-1000

Income Statement
Revenue
Cost of sales(salaries)
Gross margin
Other expense
Profit before tax
Tax
Net Income

Acme consulting
Supplies Inventories

Equipment

Total
Assets
20000

7000

2000

+1000

-1000

-200

-4500
0
-1500
0
0
-500
0
-200

ncome Statement
10000
4500
5500
1650
3850
0
3800

e consulting
Account payable

Owners equity
20000

+2000

-4500
+10000
-1500

+200

-750
-500
-200
-200

Total
Liablity

Description
Investement
Purchased equipement worth 7000. Paid
5000 cash and 2000 on credit
Supplied inventory worth [Link] cash
Salaries
Revenue
Loan repaid 1500.
Revenue received
Rent
Utilities
Travel

Bon Voyag
Assets
Current Assets
Cash -14350

Non current Assets


equipment- 8000
commission- 8000

Total Assets - 30350

Bon Voyage Travel


Liability & Owner's Equity
Current Liability

Long Term Liablity


equipment- 3000

owner's equity
Credit card - 1000
Amount:- 25000
Total Liability - 29000

Cash Flow
Cash Inflow
Capital- 25000
commission -2000
Charges on credit card - 1000
Total Cash inflow -28000

Cash Outflow
rent paid- 5000
office supplies- 500
Advertising- 750
salary - 3000
equipment -5000
office supplies- 100
Total Cash outflow -14350

Income statement

Sl. No.

Cash

Revenue
Commission-10000

1
2
3
4
5
6
7
8
9
10
Total

25000
-500

Expenses
Rent- 500
Equipment- 3000
Office supplies- 500
Advertising- 750
Salary - 3000
Office supplies- 100

-500
-750
-3000
2000
-5000
-100
1000
18150

Bon Voyage Travel


Accounts
receivable

Supplies
Inventories

Equipment

Total

Accounts
Payable

Owner's
equity
25000
-500

3000

3000

8000

8000

3000

29150

3000

-500
-750
-3000
10000
-5000
-100
1000
26150

Total

Description
Investement
rent
Equipment
office supplies
Advertising
salary
commission
equipment payment
office supplies
on credit card

29150

Kim Fuller case


Assets
Current Assets
Cash- 10000
Investment - 90000
Down Payment - (-50000)
Total CA- 50000
Non Current Assets
Machinary & Equipment - 65000
Warehouse- 162000
Total NCA- 2270000

Total Assets :- 277000

er case
Liability & Owner's Equity
Current Liablity

Long term liability


Debt- 90000
balance for warehouse- 112000
Total LTL- 202000

Owner's equity
amount- 75000
Total L & OE - 277000

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