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

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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