Scribd Logo
Upload

Welcome to Scribd!

  • 97 views

    07 Activity Atanez

    Uploaded by

    Steff Atañez
    Shark Loans received a request for a construction loan from Wendy Services Inc. to build their fifth branch. Wendy submitted their balance sheet and income statement. The P-M-I chart identifies pros and cons of each statement. The plus of the income statement is that it shows Wendy's net income for the past two years, defining if there is profit or loss. The minus is the income in one year was lower than the other. The decision is to accept Wendy's request based on the income statement, as proper management could improve performance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    07 Activity Atanez

    Uploaded by

    Steff Atañez
    97 views2 pages
    Shark Loans received a request for a construction loan from Wendy Services Inc. to build their fifth branch. Wendy submitted their balance sheet and income statement. The P-M-I chart identifies pros and cons of each statement. The plus of the income statement is that it shows Wendy's net income for the past two years, defining if there is profit or loss. The minus is the income in one year was lower than the other. The decision is to accept Wendy's request based on the income statement, as proper management could improve performance.

    Original Title

    07-Activity-Atanez

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Shark Loans received a request for a construction loan from Wendy Services Inc. to build their fifth branch. Wendy submitted their balance sheet and income statement. The P-M-I chart identifies pros and cons of each statement. The plus of the income statement is that it shows Wendy's net income for the past two years, defining if there is profit or loss. The minus is the income in one year was lower than the other. The decision is to accept Wendy's request based on the income statement, as proper management could improve performance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    97 views2 pages

    07 Activity Atanez

    Uploaded by

    Steff Atañez
    Shark Loans received a request for a construction loan from Wendy Services Inc. to build their fifth branch. Wendy submitted their balance sheet and income statement. The P-M-I chart identifies pros and cons of each statement. The plus of the income statement is that it shows Wendy's net income for the past two years, defining if there is profit or loss. The minus is the income in one year was lower than the other. The decision is to accept Wendy's request based on the income statement, as proper management could improve performance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    BM2211

    Names: Stephanie Atanez Section: BSHM501

    P-M-I CHART
    Instruction: Respond to the scenario below by using the P-M-I Chart. Write your answers in the spaces
    provided. (20 points)
    • In the Interesting box, write some facts about the specific financial statement.
    Scenario: Shark Loans received a request for a construction loan from Wendy Services Inc. This
    construction loan will be used to build their fifth branch in Pasay. The company submitted its balance
    sheet and income statement. Help Shark Loans choose which financial statement they would use as a
    basis for whether they will accept or reject Wendy Services Inc.'s request. Refer to Page 2. Justify your
    decision.

    Response 1: Statement of Financial Position Response 2: Income Statement

    Plus Minus Plus Minus


    We can see the This business is All income and 200A's earned
    annual income and already bankrupt expenses such as income was 600,000
    the gain and profits due to its loans. equipment rentals, and 200B's was
    of the business have wages, and utilities 900,000, so after
    shown. are displayed. It also deducting expenses
    Interesting shows his net of 350,000 in both
    They're still winning, but their service income for 200A and years, 200A's total
    business doesn't have the assets they can 200B which defines net income was
    pay for even if they could. if there is a profit or 250,000 and 200B's
    a loss. was 550,000.
    Interesting
    Using Wendy’s Service Financial Statement,
    we will see the net income they earn for the
    year.

    My Decision
    _______________________________________________________________________________________

    My Decision is to accept Wendy’s Service. Although there has some piece of evidence showing that

    the business is falling, with proper management and skills, I think I can handle it better.

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    07 Activity 1 *Property of STI


    Page 1 of 2
    BM2211

    Names_____________________________________ Section ________________ Date_____________

    WENDY SERVICES INC.


    Balance Sheet
    December 31
    200A 200B
    Assets
    Cash ₱166,320.00 ₱332,640.00
    Accounts Receivable 119,350.00 59,675.00
    Office Supplies 5,775.00 5,775.00
    Prepaid Insurance 15,400.00 15,400.00
    Office Equipment 261,800.00 300,000.00
    Accumulated Depreciation 53,900.00 207,900.00 61,500.00 238,500.00
    Total Assets ₱514,745.00 ₱651,990.00
    Liabilities and Owner's Equity
    Accounts Payable ₱53,900.00 ₱107,800.00
    Salary Payable 9,240.00 9,240.00
    Unearned Revenue 23,100.00 27,800.00
    Total Liabilities ₱86,240.00 ₱144,840.00
    B. Sia-Ko, Capital 428,505.00 507,150.00
    Total Liabilities and Owner's Equity ₱514,745.00 ₱651,990.00

    WENDY SERVICES INC


    Income Statement
    December 31
    200A 200B
    Revenue:
    Service Revenue ₱600,000.00 ₱900,000.00
    Expenses:
    Equipment rental expense ₱200,000.00 ₱200,000.00
    Wages expense ₱90,000.00 ₱90,000.00
    Utility expense ₱60,000.00 ₱60,000.00
    Total expenses ₱350,000.00 ₱350,000.00
    Net Income ₱250,000.00 ₱550,000.00

    Rubric for grading:


    CRITERIA PERFORMANCE INDICATORS POINTS
    Content Provided pieces of evidence, supporting
    16
    details, and factual scenarios
    Organization Expressed the points in a clear and
    of Ideas logical arrangement of ideas in the 4
    paragraph
    TOTAL 20

    07 Activity 1 *Property of STI


    Page 2 of 2

    You might also like