Exercises

A business in Ho Chi Minh city has been established in 2020 to manufacture a product of
coffee.
There are three people invested with 100 million VND each.
The sale is projected by the WMA and presented by the table 1 for year 1 (millions)
Jan Feb Mar Apr May June Jul Aug Sept Oct Nov Dec
20 32 48 70 90 100 100 100 80 80 120 130
 They have to buy the coffee machine with the price of 72 million and depreciated using 5
years-straight line.
 Cost of goods sold is 50% of sale revenue.
 Salaries total employees is 23.2m in the first 2 months. From third month on, the shipper
added and total employees increases to 26.2m.
 The rent for land to open coffee-shop is 2m per month (the house owned by one owner)
 The sale expenses are 1m/month
 Insurance for shop is 2m/month
Utilities, advertising, payroll taxes, and office expenses are present in table 2:
Jan Feb Mar Apr May June Jul Aug Sept Oct Nov Dec
Utilities 0.9 0.9 0.9 0.8 0.8 0.8 0.9 0.9 0.9 0.8 0.8 0.9
Advertising 13.5 13.5 17 17 17 17 14 14 14 21 17 17
Payroll 2.1 2.1 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5
taxes
Office 1.5 1.5 1.5 1.7 1.8 2 2 2 1.8 1.8 2.2 2.2
expenses
1. Fill the table below for 12 months and give the total
Sales
Less: Cost of goods sold
Gross profit
Salaries
Rent
Utilities
Advertising
Sales expenses
Insurance
Payroll taxes
Depreciation
Office expenses
Total operating expenses
Operating income
2. Fill the balance sheet below if:
Cash for first year operation: 41.5 million
Account payable is 13 million
Account receivable is 52 million
Inventory is 1.2 million
Pending tax: -9.4 million
Assets
Current assets
Cash
AR
Inventory
Total current assets
Fixed assets
Equipment
Less depreciation
Total fixed assets
Total assets
Liabilities and Owners’ Equity
Current liabilities
Accounts payable
Total liabilities
Owners’ Equity
Owner 1
Owner 2
Owner 3
Retained Earnings
Total owners’ equity
Total liabilities and owners’ equity