1- Make a schedule for a fixed cost and variable cost that the company uses and make adjustment in the balance sheet, income statement and cash flow statement for example be creative and do a schedule like this one but add more things the company might use as a fixed and variable cost
Fixed cost salary 1900KD
advertising 400Kd
Bounces 100 Kd
promotion 6000 Kd
Variable cost administrative and general 100kd
Printing supplies 150 Kd
don’t use these numbers create a number and apply it in the balance sheet income statement and the cash flow statement if it affect them. Be creative and do a small not big schedule that might the company uses in their work the company is in recycling field to recycle dresses, chairs, furniture and flower and garden arrangement
2- Write small paragraph about the company balance sheet, income statement and the cash flow explaining how well the company is preforming and what does it need to improve
Income Statement of X Recycling
Income Statements (In USD)
Year 2014
Total Revenue 55,598,750
Raw materials used for the production of recycled products 38,472,540
Transportation expenses 5,401,780
Depreciation of assets 515,660
Employees expense 2,964,210
Maintenance of assets and machinery 1,179,930
Miscellaneous Expenses 3,033,120
Fixed Costs 304,050
shares of pretax profit 70,300
Total Expenses 51,871,290
Total Earnings 55,669,050
Earnings before Income Tax 3,797,760
Income Tax Deductions 1,254,010
Shareholder’s profit 2,543,750
Earnings per share 2.04
Diluted Earnings per share 2.03
Balance Sheet of X Recycling for the Year 2014
Balance Sheet (In dollars)
Year 2014
ASSETS
Current Assets
Cash and equivalents 385,600
Trade and receivables 3,651,750
Inventory 3,742,890
Other financial Instruments 147,980
Total Current Assets 7,928,220
Noncurrent Assets
Investments 259,450
Non-cash assets –
Property, equipment and plant 6,783,930
Deferred tax assets 640,580
Intangible assets 6,251,980
Total Non-current Assets 13,935,940
Total Assets 21,864,160
LIABILITIES
Current Liabilities
Trade and account payables 3,799,110
financial instruments 4,920
Current Tax liabilities 413,740
provisions 178,090
Total Current Liabilities 4,395,860
Non-current Liabilities
Borrowings 3,413,260
Deferred tax liabilities 617,330
Provisions 191,190
Employee retirement obligations –
Total non-current liabilities 4,221,780
Total Liabilities 8,617,640
Net Assets 13,246,520
EQUITY
Shareholders’ equity 8,119,760
Reserves 652,720
Profits 4,474,040
Total Equity 13,246,520
Cash Flow Statements of X Recycling
Cash Flow Statements
Year 2014
Cash Flow from operating activities
Receipts from customers 56,830,890
Payments to vendors, suppliers and employees -52,059,390
Received Interest 23,640
Received Dividends –
Paid interest -304,050
Paid Income Tax -1,356,120
Net Cash flow from operations 3,134,970
Cash flows from investing activities
Payments for fixed assets (property, equipment etc.) -905,030
Payments for businesses and its subsidiaries -1,589,140
Proceeds from fixed assets 82,030
Net Cash flows from investing activities -2,412,140
Cash flow from financing activities
Proceeds from borrowings 9,403,390
Proceeds from issue of shares 18,720
Repayment of borrowings -8,716,900
Dividends paid -1,200,260
Net cash flow (outflow) from financing activities -495,050
Net increase in cash held 227,780
Cash at the beginning of year 2014 158,000
Exchange rate effects on cash -180
Cash and cash equivalents at the end of Year 2014 385,600
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