DO SECTION 2 :
DONT POST ANSWER IN THE PICTURE FORM . TEXT WOULD BE RECOMMENDED
12:50 Jul 70% Read Only - You can't save changes to this f... So far the owner have contributed one hundred and sixty 7,000 dollars (5167.000) as an initial investment. REQUIRED ASSETS Cash Accounts Receivable Inventory . Long Term Assets INITIAL BALANCE SHEET TRAVELVACATIONS & CO. BALANCE SHEET PARTICULARS AMOUNT (S) AMOUNT(S) ASSETS: CURRENT ASSETS Cash $81,696 Accounts Receivable $41,300 Inventory 59.240 Other Current Assets $0 TOTAL CURRENT ASSETS $132,236 LONG TERM ASSETS S167,000 SO $167.000 $299,236 $18,134 SO SO Long Term Assets Accumulated Assets TOTAL LONG TERMASSERS TOTAL ASSETS LIABILITIES AND CAPITAL: CURRENT LIABILITIES Accounts Payable Current Harrowing Other Current Liabilities SUBTOTAL CURRENT LIABILITIES Long-Term Liabilities TOTAL LIABILITIES Paid in Capital Retained Earnings Earnings TOTAL CAPITAL TOTAL LIABILITIES AND CAPITAL Net Worth S18,134 SO S18.134 S202,000 (S5.000) 584.10. S281,101 $299,236 $281.101 SECTION II: CALCULATE THE BREAKEVEN OF THE TOUR OPERATING COMPANY * * *OOM.70% 10:08 pm TRAVELACATIONS ^O CO^ - Read-only Read Only - You can't save changes to t... SECTION III: BUDGETING OF TOUR OPERATING COMPANY . SALES BUDGET OF THE COMPANY SALES BUDGET PARTICULARS Sales in unit (lour to be made) Sales price (tour price) TOTAL SALES REVENUE Less: Discount TOTAL NET SALES AMOUNT (S) 67 2000S 134000 (12000) 122000 OPERATIONAL BUDGET OF THE COMPANY OPERATIONAL BUDGET PARTICULARS AMOUNT ($) Revenue 16000 Sales Revenue 134000 TOTAL REVENUE 150000 EXPENSES Advertisement Expenses 1500 Administration Expenses 500 Other Expenses 1000 TOTAL EXPENSES 3000 EXCESS OR DEFICIT Deficit SECTION IV: BUDGETED INCOME STATEMENT OF TIIE COMPANY A ** D111 70% * 10:08 pm Read Only - You can't save changes to t... BUDGETED INCOME STATEMENT PARTICULARS AMOUNT (S) Sales 122000 Less: Cost of Goods Sold (18000) GROSS PROFIT 104000 LESS: OPERATING EXPENSES Administration Expenses 500 Advertisement Expenses 1500 Other Expenses 1000 Discounts 12000 Total Expenses (15000) NET INCOME 89000 . BUDGETED BALANCE SIIEET OF TIIE COMPANY AMOUNT (5) 158000 TRAVELACATIONS & CO. BUDGETED BALANCE SHEET PARTICULARS AMOUNT (S) ASSETS: CURRENT ASSETS Cash 95000 Accounts Receivable 50000 Inventory 12000 Other Current Assets 1000 TOTAL CURRENT ASSETS LONG TERM ASSETS Long Term Assets 167000$ Accumulated Assets 0 TOTAL LONG TERM ASSERS TOTAL ASSETS LIABILITIES AND CAPITAL: CURRENT LIABILITIES Accounts Payable $28134 Current Borrowing $6000 Other Current Liabilities $6866 SUBTOTAL CURRENT LIABILITIES Long-Term Liabilities SO TOTAL LIABILITIES S167000 S325000 S41000 S41000 Paid-in Capital Retained Earnings Earnings TOTAL CAPITAL TOTAL LLABILITIES AND CAPITAL $202000 (8000) $90000 S284000 S325000 12:50 Jul 70% Read Only - You can't save changes to this f... So far the owner have contributed one hundred and sixty 7,000 dollars (5167.000) as an initial investment. REQUIRED ASSETS Cash Accounts Receivable Inventory . Long Term Assets INITIAL BALANCE SHEET TRAVELVACATIONS & CO. BALANCE SHEET PARTICULARS AMOUNT (S) AMOUNT(S) ASSETS: CURRENT ASSETS Cash $81,696 Accounts Receivable $41,300 Inventory 59.240 Other Current Assets $0 TOTAL CURRENT ASSETS $132,236 LONG TERM ASSETS S167,000 SO $167.000 $299,236 $18,134 SO SO Long Term Assets Accumulated Assets TOTAL LONG TERMASSERS TOTAL ASSETS LIABILITIES AND CAPITAL: CURRENT LIABILITIES Accounts Payable Current Harrowing Other Current Liabilities SUBTOTAL CURRENT LIABILITIES Long-Term Liabilities TOTAL LIABILITIES Paid in Capital Retained Earnings Earnings TOTAL CAPITAL TOTAL LIABILITIES AND CAPITAL Net Worth S18,134 SO S18.134 S202,000 (S5.000) 584.10. S281,101 $299,236 $281.101 SECTION II: CALCULATE THE BREAKEVEN OF THE TOUR OPERATING COMPANY * * *OOM.70% 10:08 pm TRAVELACATIONS ^O CO^ - Read-only Read Only - You can't save changes to t... SECTION III: BUDGETING OF TOUR OPERATING COMPANY . SALES BUDGET OF THE COMPANY SALES BUDGET PARTICULARS Sales in unit (lour to be made) Sales price (tour price) TOTAL SALES REVENUE Less: Discount TOTAL NET SALES AMOUNT (S) 67 2000S 134000 (12000) 122000 OPERATIONAL BUDGET OF THE COMPANY OPERATIONAL BUDGET PARTICULARS AMOUNT ($) Revenue 16000 Sales Revenue 134000 TOTAL REVENUE 150000 EXPENSES Advertisement Expenses 1500 Administration Expenses 500 Other Expenses 1000 TOTAL EXPENSES 3000 EXCESS OR DEFICIT Deficit SECTION IV: BUDGETED INCOME STATEMENT OF TIIE COMPANY A ** D111 70% * 10:08 pm Read Only - You can't save changes to t... BUDGETED INCOME STATEMENT PARTICULARS AMOUNT (S) Sales 122000 Less: Cost of Goods Sold (18000) GROSS PROFIT 104000 LESS: OPERATING EXPENSES Administration Expenses 500 Advertisement Expenses 1500 Other Expenses 1000 Discounts 12000 Total Expenses (15000) NET INCOME 89000 . BUDGETED BALANCE SIIEET OF TIIE COMPANY AMOUNT (5) 158000 TRAVELACATIONS & CO. BUDGETED BALANCE SHEET PARTICULARS AMOUNT (S) ASSETS: CURRENT ASSETS Cash 95000 Accounts Receivable 50000 Inventory 12000 Other Current Assets 1000 TOTAL CURRENT ASSETS LONG TERM ASSETS Long Term Assets 167000$ Accumulated Assets 0 TOTAL LONG TERM ASSERS TOTAL ASSETS LIABILITIES AND CAPITAL: CURRENT LIABILITIES Accounts Payable $28134 Current Borrowing $6000 Other Current Liabilities $6866 SUBTOTAL CURRENT LIABILITIES Long-Term Liabilities SO TOTAL LIABILITIES S167000 S325000 S41000 S41000 Paid-in Capital Retained Earnings Earnings TOTAL CAPITAL TOTAL LLABILITIES AND CAPITAL $202000 (8000) $90000 S284000 S325000
