First Exam Finance For New Ventures

2021-01

With the following information prepare the financial statements (BS

The company "The sun" sells jeans, the first year it sold 2,000 units a
The unit cost of the shoes is 45,000
The company pays a monthly rent of 500,000, public services for 500
The company annually invests 3% of its total income in sales expens
The company acquires in year 1 a debt of 12,000,000 at 10 years and
The tax rate is 33%
The company has an initial cash of 15,000,000 in year 1
The company acquires in year 1 a machinery for a value of 2.000.000
The partners contributed a share capital of 5,500,000 each and ther
Inflation was 3.5%
At the end of each year, the company was left with a account receiv

Accounts payable at the end of year 1 were 19.078.000 M and at yea

ancial statements (BS-IS-CF) for the 1st and the 2nd year of operation
ar it sold 2,000 units at a unit price of 60,000, the year 2 it sold 12% more units

public services for 500,000 a month and his payroll totals 1,200,000 a month.
come in sales expenses.
0,000 at 10 years and pays an interest of 25% EA

n year 1
r a value of 2.000.000 which is depreciated in 5 years, in year 2 it acquires a new mac
00,000 each and there are 2 partners.

with a account receivable of 10% of the sales for the year.

078.000 M and at year 2, 57.519.550

2% more units

000 a month.

it acquires a new machinery for a value of 2.500.000

Balance Sheet Year 1 Year 2

Cash 15,000,000 32,844,000

Account Receivables 12,000,000 13,910,400
Inventory 10,000,000 25,672,000
Total Current Assets 37,000,000 72,426,400

PP&E Net 1,600,000 3,200,000

Total Non Current Asset 1,600,000 3,200,000

Total Assets 38,600,000 75,626,400

Account Payables 19,078,000 57,519,550

Total Current Liabilities 19,078,000 57,519,550

Long Term Debt 10,800,000 9,600,000

Total Non Current Liabilities 10,800,000 9,600,000

Total Liabilities 29,878,000 67,119,550

Share Capital 11,000,000 11,000,000

Retained Earnings (2,278,000)
Net Profit (2,278,000) (215,150)
Total Equity 8,722,000 8,506,850

Total Liabilities and Equity 38,600,000 75,626,400

- (0)

Income Statement Y1 Y2

Revenues 120,000,000 139,104,000

COGS (90,000,000) (104,328,000)
Gross Profit 30,000,000 34,776,000
Depreciation (400,000) (900,000)
SG&A (30,000,000) (31,497,120)
Interest (3,000,000) (2,700,000)
Earnings Before Tax (3,400,000) (321,120)
Tax 1,122,000 105,970
Net Earnings- Net Income (2,278,000) (215,150)
Cash Flow Statement Y1 Y2

Net Income (2,278,000) (215,150)

Depreciation 400,000 900,000
Change in Working Capital 2,922,000 (20,859,150)
Change In Account Receivable 12,000,000 1,910,400
Change In Inventory 10,000,000 15,672,000
Change In Account Payable 19,078,000 38,441,550
Cash From Operations 1,044,000 (20,174,300)

Purchase from PP&E (2,000,000) (2,500,000)

Cash From Investing (956,000) (22,674,300)

New Debt 12,000,000

Capital 11,000,000
Debt Payment (Principal) (1,200,000) (1,200,000)
Debt Payment (Interest) (3,000,000) (2,700,000)
Cash From Financing 17,844,000 (26,574,300)

Cash at beginning of period 15,000,000 32,844,000

Cash at end of period 32,844,000 6,269,700
 1 2
Units 2,000 2,240
Price 60,000 62,100
Revenue 120,000,000 139,104,000

Unit Cost 45,000 46,575

Cost 90,000,000 104,328,000

Rent 6,000,000 6,210,000

Public Services 6,000,000 6,210,000
Payroll 14,400,000 14,904,000
Admin Exp 26,400,000 27,324,000

Sales Exp 3,600,000 4,173,120

SG&A 30,000,000 31,497,120

Inicial Debt 12,000,000 10,800,000

Time 10 10
Interest 25% 25%

Capital 1,200,000 1,200,000

Interest 3,000,000 2,700,000
Final Debt 10,800,000 9,600,000

Maqu 2,000,000 2,500,000

Time 5 5
Depr 400,000 500,000
PP&E 1,600,000

M1 1,600,000 1,200,000
M2 2,000,000
1,600,000 3,200,000

Inv Inicial - 10,000,000

Compras 100,000,000 120,000,000
CMV (90,000,000) (104,328,000)
Inventario final 10,000,000 25,672,000