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The Envious Company owned by Steph Presented below are the items to be consolidated for the immediate preparation of the Statement Of Financial Position, for the year 2020.
Cash ₱ 1,000,000
Accounts Receivable 480,000
Inventory 2,500,000
Financial asset at fair value 1,250,000
Equipment and furniture 3,200,000
Accumulated Depreciation 450,000
Patent 200,000
Equipment held for sale 400,000
Accounts Payable, Owner’s Capital, and Comprehensive Income share a ratio of 10:20:30 respectively.
a. Prepare the SFP using the ACCOUNT FORM
b. Prepare the SFP using the REPORT FORM
1. Sally consumes two goods X and Y, her utility function is given by the equation
U= 60XY2.Thecurrent market price for X is 200 birr, while the market price for y is 100birr and her current Income is 10,000birr
A. Sketch a set of two Indifferent curves for Sally in her consumption of X and Y
B. Write the expression for Sally's budget constraint graph the budget constraint and find the slope
C. Determine the X, Y combination that maximize her utility given her budget constraint
Calculate the Impact on Sally's optimum consumption of X and Y If the price of X increase to 300birr.
Futuristic was a newly setup firm in 2019. It is in the business of providing artwork. However, being in the business of standard art objects (non-essential items), it did not do well once it was hit by COVID-19. It has a selling price of ₹2,500 per piece and a variable cost of ₹1,000 per piece. It incurs an annual fixed cost of ₹30,00,000.
a. The manager of the business wishes to know- the number of art pieces they must sell to be at the break-even point the contribution margin
Following particulars has been shared for you. If fixed cost is Rs500000, selling price is Rs60 and Variable cost is Rs20
a. Calculate and describe -Breakeven point (5 Marks)
b. What could be the sales number to earn a profit of Rs 50000, at a Fixed Cost Rs 200000, Variable Cost Rs30 per unit, Selling Price Rs 60 per unit
Subway is selling good number of the veggie patty Burger on a daily basis. The production house offers a proposal to the management of getting the Veggie Patty manufactured by one of the suppler named Vishnu LLP. However, the management want to take the outsourcing decision also called as make or buy decision by evaluating the various important factors contributing to the decision
Discuss, the major considerations for evaluating the make or buy decisions
The equity shares of a firm in the current stock market has been traded at Rs60 per share. The price earnings ratio is 10 times. The Dividend payout ratio is 75%.
The total number of shares issued and outstanding as on date are 100000 equity shares of Rs10 each. Book value of each share is Rs40
Describe and Compute - Earnings per share, return on equity
The mesa Redbirds football team plays in a stadium with seating capacity of 80,000. However, during the past season, attendance averaged only 50,000. The average ticket price was $30. If the price elasticity is -4, what would the team have to charge in order to fill the stadium?If the price were to be decreased to $27 and the average attendance increased to 60,000, what is the price elasticity?
Assume that you plan to take a housing loan with a tenor of 20 year. The loan has to be repaid in equal monthly installments. Considering that the loan amount is Rs. 50 lakhs and the interest rate on loan is 9% p.a., what would be the equated monthly installment (EMI)?
1. Company consumes two goods X and Y, her utility function is given by the equation
U= 60XY2.The current market price for X is 200 birr, while the market price for y is 100birr and her current Income is 10,000birr
A. Sketch a set of two Indifferent curves for Company in her consumption of X and Y
B. Write the expression for Company's budget constraint graph the budget constraint and find the slope
C. Determine the X, Y combination that maximizes her utility given her budget constraint
Calculate the Impact on Company's optimum consumption of X and Y If the price of X increase to 300birr.
Accounts Payable ₱ 600,000
Unearned Revenue 1,210,000
Salaries Payable- current 120,000
Owner’s Withdrawals 280,000
Owner’s Capital 1,500,000
Comprehensive Income 3,000,000
Total Current Assets 80% of total liabilities
Cash 250,000
Inventories 480,000
Prepaid Expenses 600,000
Property, Plant and Equipment ?
Accounts Receivable ?
a. Prepare the SFP using the ACCOUNT FORM
b. Prepare the SFP using the REPORT FORM
NOTE: Classify the assets and liabilities as to their current and noncurrent classification.
