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  • FA Assignment - Xenakis

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    Vartika Pahuja
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    VX owns various goods including gold flatware, crystal glassware, and drachmas before leaving for Byblos. In Byblos, VX earns revenue from selling goods but also spends on expenses, resulting in a net loss. During the return trip, VX earns more revenue from continued sales and from new purchases, and spends on travel and goods, resulting in a net income. VX's cash balance increases from the business activities over the full trip.

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    VX owns various goods including gold flatware, crystal glassware, and drachmas before leaving for Byblos. In Byblos, VX earns revenue from selling goods but also spends on expenses, resulting in a net loss. During the return trip, VX earns more revenue from continued sales and from new purchases, and spends on travel and goods, resulting in a net income. VX's cash balance increases from the business activities over the full trip.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views3 pages

    FA Assignment - Xenakis

    Uploaded by

    Vartika Pahuja
    VX owns various goods including gold flatware, crystal glassware, and drachmas before leaving for Byblos. In Byblos, VX earns revenue from selling goods but also spends on expenses, resulting in a net loss. During the return trip, VX earns more revenue from continued sales and from new purchases, and spends on travel and goods, resulting in a net income. VX's cash balance increases from the business activities over the full trip.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    VX Owns i.

    e Before leaving
    Gold flatware * 6 50*6 300
    Crystal glassware * 10 15*10 150
    Drachmas in hand 160 160
    Totalbook value before leaving 610

    VX activities in Byblos
    Revenues
    from 6 gold flatware 70*6 420
    from crystal glassware 25*10 250
    Total Revenue 670
    Expenses
    inn expense 1*10 10
    for amphorae 45*12 540
    for silk fabric 90*2 180
    Total Expense 730
    Income -60

    Income generated during the round trip


    Revenues
    from 6 gold flatware 70*6 420
    from crystal glassware 25*10 250
    from selling amphorae 60*12 720
    from selling silk fabric 120*2 240
    Total Revenue 1630
    Expenses
    Ship ticket to byblos 48 48
    inn expense 1*10 10
    for amphorae 45*12 540
    for silk fabric 90*2 180
    for ticket back home 50
    Total Expense 828
    Income 802

    1
    VX Owns (Day of Departure)
    Gold flatware * 6 50*6 300
    Crystal glassware * 10 15*10 150
    Drachmas in hand 160 112
    Ship ticket 48 48
    Totalbook value before leaving 610

    Cash Balance of VX in Byblos


    Receipts
    Cash in hand 112 112
    from flatware 420 420
    from glassware 250 250
    Total Cash received 782
    Expenses
    inn expense 1*10 10
    for amphorae 45*12 540
    for silk fabric 90*2 180
    for ticket back home 50
    Total Expense 780
    Income 2

    2
    VX Owns (On reaching Byblos)
    Gold flatware * 6 50*6 300
    Crystal glassware * 10 15*10 150
    Drachmas in hand 160 112
    Totalbook value before leaving 562

    Cash Balance of VX after selling all the merchandise


    Receipts
    Cash in hand 2 2
    from selling amphorae 60*12 720
    from selling silk fabric 120*2 240
    Total cash in hand 962

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