Liston Mechanics Corp

each element in your Question 1 pro forma profit and loss statement. Are there any items that

Be Our Guest’s balance sheet shows good signs of liquidity. Current Ratios for the past four years have remained above 1 proving that the company can handle its current liabilities. The current ratios are not extremely high (19941.27, 1995- 2.17, 1996- 1.15 and 1997- 1.16), but they can cover the current liabilities. It is important to note that the company is operating on a thin line because the current assets are barely covering the current liabilities. This is particularly unpleasant because we are dealing with a company operating in a seasonal business. It is a concern that the current ratio slightly eroded after 1995, and this is primarily due to Be Our Guest converting the bank line into long term debt in

XD: % de los pasivos del total de deuda de acreedores financieros representados del total de los recursos.

* On Income Statement for December 31, 2011, the number of Revenues, Cost of Goods Sold, Expenses and Net Income will go

1996 Current Assets: Cash & Equivalents Marketable Securities AFS Accounts Receivable Inventory Other Current Assets Total Current Assets Property & Equipment, net Goodwill, net Other Total Assets Current Liabilities: Short-Term Borrowings Accounts Payable Accrued Expenses Income Taxes Payable Current Maturities of LT Debt Total Current

Operating Taxes & Licenses | 18,613 | 17,989 | 2% | 2% | Insurance & Claims | 13,526 | 13,006 | 2% | 2% | Provision for Depreciation | 2,726 | 2,738 | .3% | .3% | Total Operating Expenses | 848,242 | 775,535 | 97% | 97% | | Operating Income

|Current Assets | Feb 2, 2008 | Feb 3, 2007 | Jan 28, 2006 |

a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)

Rent Expense | 680 | | Miscellaneous Office Expense | 515 | | Office Salaries Expense | 1,800 | | Supplies Expense | 330 | |

Next to those statements is a pie graph showing the amount of spending money is left in the budget compared to the amount spent. Below those are the total income and the total expense reports. These give a detailed information about what items brought in revenue and how many were sold and for how much. On the expense report is the cost of all the marketing items, how much they cost per unit and how many were purchased. The organization of these items in their sections makes it simple for anyone to understand.

ost of the project to be that much higher than the projected budget. This can keep the project from becoming a risk factor the company.

Additional Financing required is calculated as the plug variable for Notes Payable using the percentage of sales approach by varying all other accounts that change according to sales,

* Net Operating Income (NOI), Cash Flow from Operations (CFO) and Cash Flow after Financing (CFAF)

From the following list of accounts prepare the ASSET section of the Balance Sheet for Camosun Developers for December 31, 2011. Accounts payable ............................................... $10,000 Accounts receivable ........................................... 260,000 Accumulated Amortization, Building ................... 370,000 Accumulated Amortization, Furniture & Fixtures . 310,000 Allowance for Doubtful Accounts .......................... 70,000 Building .............................................................. 900,000 Cash ................................................................... 200,000 Cost of Goods Sold .............................................. 75,000 Furniture & Fixtures ............................................ 800,000 Interest Expense .................................................... 2,000 Inventory ............................................................ 330,000 Land ................................................................... 740,000 Notes payable (due in 5 years) ............................. 33,000 Prepaid expenses ................................................. 30,000 Sales Returns and Allowances ............................... 1,500 Note Receivable

YEAR 0 2009 1 2010 2 2011 3 2012 4 2013 5 2014 6 2015 7 2016 8 2017 9 2018 10 Initial Investment Gross Revenue 2 COGS 3 Add'l revenue Less: COGS Loan down payment 4 Loan repayment Depreciation Additional workers Land square required Moving cost 5 Operating Expenses Total Expenses Net Income Before Tax Income Tax Net Income After Tax After Tax Cash Flow ATCF Cummulative ATCF NPV through Year N