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    Chữa đề NLKT thầy Cường và đề EBBA

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    Tiêu Vân Giang
    The document shows an income statement and balance sheet for a business, with the income statement detailing total revenue of $26,800 from rent and fees earned, and total expenses of $14,680 including wages, utilities, taxes, insurance, and depreciation, resulting in net income of $12,120. The balance sheet lists total assets of $114,030 including cash, receivables, equipment, and land, and total equity of $114,030 including long-term debt, owner's equity, and retained earnings.

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    Chữa đề NLKT thầy Cường và đề EBBA

    Uploaded by

    Tiêu Vân Giang
    47 views12 pages
    The document shows an income statement and balance sheet for a business, with the income statement detailing total revenue of $26,800 from rent and fees earned, and total expenses of $14,680 including wages, utilities, taxes, insurance, and depreciation, resulting in net income of $12,120. The balance sheet lists total assets of $114,030 including cash, receivables, equipment, and land, and total equity of $114,030 including long-term debt, owner's equity, and retained earnings.

    Original Description:

    financial accounting

    Original Title

    Chữa-đề-NLKT-thầy-Cường-và-đề-EBBA

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    The document shows an income statement and balance sheet for a business, with the income statement detailing total revenue of $26,800 from rent and fees earned, and total expenses of $14,680 including wages, utilities, taxes, insurance, and depreciation, resulting in net income of $12,120. The balance sheet lists total assets of $114,030 including cash, receivables, equipment, and land, and total equity of $114,030 including long-term debt, owner's equity, and retained earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views12 pages

    Chữa đề NLKT thầy Cường và đề EBBA

    Uploaded by

    Tiêu Vân Giang
    The document shows an income statement and balance sheet for a business, with the income statement detailing total revenue of $26,800 from rent and fees earned, and total expenses of $14,680 including wages, utilities, taxes, insurance, and depreciation, resulting in net income of $12,120. The balance sheet lists total assets of $114,030 including cash, receivables, equipment, and land, and total equity of $114,030 including long-term debt, owner's equity, and retained earnings.

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    © All Rights Reserved
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    You are on page 1of 12

    Income statement (Single steps)

    Total Revenue 26800


    - Rent earned 3400
    - Fees earned 23400
    Total expense 14680
    - Wages expense 3400
    - Utilities expense 690
    - Property taxes expense 1050
    - Insurance expense 1240
    - Shop supplies expense 780
    - Depreciation expense-shop equipment 350
    - Depreciation expense-building 2220
    - Interest expense 4950
    Net Income 12120
    Balance sheet
    Assets Equity
    Cash 4200 Liability 52050
    Rent receivable 200 Wages payable 200
    Prepaid insurance 240 Property taxes payable 450
    Shop supplies 210 Interest payable 600
    Shop equipment 3860 Uneared rent 800
    Accumulated depreciation-shop
    -1120 Long term note payable 50000
    equipment
    Building 57500
    Accumulated depreciation- Building -6060 Owner’s equity 61980
    Land 55000 Bella Hanson capital 49860
    Net income (Retained
    12120
    earning)
    Total assets 114030 Total equity 114030

    - Gross profit = Total revenue – Sales return & allowances – Sales discount – Cost of goods sold
    …
    Journal entries:

    1. Dr Cash: 35000
    Cr owner’s capital: 35000
    2. Dr Office supplies: 400
    Cr account payable: 400
    3. Dr Office equipment: 10000
    Cr account payable: 8000
    Cr cash: 2000
    4. Dr account receivable: 4000
    Cr services revenue: 4000
    5. Dr rent expense: 700
    Cr cash: 700
    6. Dr account payable: 200
    Cr cash: 200
    7. Dr advertising expense: 600
    Cr account payable: 600
    8. Dr salaries expense: 2200
    Cr cash: 2200
    9. Dr cash: 3000
    Cr account receivable: 3000
    10. Dr prepaid insurance: 2000
    Cr cash: 2000

    Ledger account
    Cash
    Dr Cr
    Beginning: 0
    (1): 35000
    (3): 2000
    (5): 700
    (6): 200
    (8): 2200
    (9): 3000
    (10): 2000

    38000 7100
    Balance: 30900

    Account receivable
    Dr Cr
    Beginning: 0
    (4): 4000
    (9): 3000
    Balance: 1000

    Office supplies
    Dr Cr
    Beginning: 0
    (2): 400
    Balance: 400

    Office equipment
    Dr Cr
    Beginning: 0
    (3): 10000
    Balance: 10000

    Prepaid insurance
    Dr Cr
    Beginning: 0
    (10): 2000
    Balance: 2000

    Rent expense
    Dr Cr
    Beginning: 0
    (5): 700
    Balance: 700

    Advertising expense
    Dr Cr
    Beginning: 0
    (7): 600
    Balance: 600

    Salaries expense
    Dr Cr
    Beginning: 0
    (8): 2200
    Balance: 2200

    Account payable
    Dr Cr
    Beginning: 0
    (2): 400
    (3): 8000
    (6): 200
    (7): 600
    200 9000
    Balance: 8800

    Owner’s capital
    Dr Cr
    Beginning: 0
    (1): 35000
    Balance: 35000

    Services revenue
    Dr Cr
    Beginning: 0
    (4): 4000
    Balance: 4000

    Trial balance:

    Account Debit Credit


    Cash 30900
    Account receivable 1000
    Office supplies 400
    Office equipment 10000
    Prepaid insurance 2000
    Account payable 8800
    Owner’s capital 35000
    Services revenue 4000
    Rent expense 700
    Advertising expense 600
    Salaries expense 2200
    Total 47800 47800

    1. Revenue = 60 x 17000 = 1020000 ($)

    CM ratio = (Revenue – Variable cost)/Revenue = (1020000- Variable cost)/ 1020000 = 0,4

    => Variable cost = 612000 ($)

    => Variable cost per unit = 612000 / 17000 = 36($)

    2. Break even point in Dollar = Fixed cost/ CM ratio = 360000 / 0,4 = 900000 ($)

    CM per dollars = Revenue – Variable cost = 1020000 – 612000 = 408000 ($)

    CM per unit = 408000/17000 = 24 ($)

    Break even point in unit = Fixed cost / CM per unit = 360000 / 24 = 15000 (unit)

    3.

    Sales level in dollars = Variable costs + Fixed costs + Target net income = 612000 + 360000 + 90000 =
    1062000 ($)

     Sales level in units = 1062000/60 = 17700 (units)

    4.

    CM ratio new = (Revenue – Variable cost new)/Revenue = (1020000-33 x 17000)/ 1020000 = 0,45
    The new Break even point in Dollar = Fixed cost/ CM ratio new = 360000 / 0,45 = 800000 ($)

    CM per dollars new = Revenue – Variable cost new = 1020000 – 33 x 17000 = 459000 ($)

    CM per units = 459000 /17000 = 27 ($)

    The new Break even point in unit = Fixed cost / CM per unit new= 360000 / 27 = 13333 (unit)

    Công thức

    Revenue (Sales) PxQ


    Variable cost
    Variable cost per
    Variable cost/Q
    unit
    Revenue - Variable cost
    CM in dollar
    = CM per units x Q
    CM per dollar/Q
    CM per units
    = P - Variable cost per unit
    CM ratio CM per dollar/ Revenue
    Break even point
    Fixed cost/ CM ratio
    in Dollar
    Break even point
    Fixed cost / CM per unit
    in unit
    Sales level in Variable costs + Fixed costs + Target net
    dollars income
    Sales level in
    Sales level in dollars/P
    units
    Net operating
    Sales revenue - Variable cost - Fixed cost
    income
    Δ Net operating
    Δ Sales revenue - Δ Variable cost
    income
    1.

    CM per units = P - Variable cost per unit = 50 -32 = 18 ($)

    CM in dollar = CM per units x Q = 18 x 8000 = 144000 ($)

    CM ratio = CM in dollar/Revenue = 144000/(50.8000) = 0,36

    Break even point in Dollar = Fixed cost/ CM ratio = 108000/0,36 = 300000 ($)

    Break even point in unit = Fixed cost / CM per unit = 108000/18 = 6000 (units)

    2. If the variable cost per stove increase as a percentage of the selling price => CM decrease => Break
    even point increases

    3.

    Δ Sales revenue = Sales revenue new - Sales revenue old =0,9.1,25. Sales revenue old - Sales revenue
    old) = 0,125. Sales revenue old=0,125.50.8000= 50000

    Δ Variable cost = Variable cost new - Variable cost old = 1,25. Variable cost old - Variable cost old =1,25
    Variable cost old= 1,25.32.8000=320000

     Δ Net operating income = 50000-320000= -270000 < 0

    4. Net operating income = Sales revenue - Variable cost - Fixed cost = 45.Q – 32.Q – 108000 = 35000

     Q = 11000

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