Section 4, Issue 20

 Essay on Chapter some, Problem twenty

Comarcal Imports, Incorporation,

Actual and Pro Manera Income Statements

Prepared Using the Judgement Strategy

For the season Ended Dec 31

08 Actual2009 Expert FormaCalculations

Product sales revenue5, 500, 0006, 500, 0005, 500, 000 by 1 . 2

Less: Cost of goods distributed 2, 750, 0003, 210, 0006, 1000, 000 by 0. 535 Gross margin2, 250, 0002, 790, 500

Less: Functioning expenses 862, 0001, 026, 0006, 500, 000 times 0. 171 Less: Amortization88, 000110, 000Given

Operating earnings1, 300, 0001, 654, 1000

Less: Fascination expense 95, 00092, 000Given

Earnings prior to taxes1, 200, 0001, 562, 000

Fewer: Taxes 480, 000562, 320 1, 562, 000 by 0. thirty-six

Net income after taxes (profit margin)720, 000999, 680

Less: Common reveal dividends 288, 000399, 872999, 680 back button 0. forty Reinvested earnings (to maintained earnings)432, 000599, 808

Comarcal Imports, Inc,

Actual and Pro Programa Balance Bedsheets

Prepared Making use of the Judgement Approach

As in Dec 23

2008 Actual2009 Pro FormaCalculations

Assets

Money 200, 000200, 000Unchanged

Marketable securities275, 000275, 000Unchanged

Accounts receivable 625, 000723, 288(6, 000, 000 / 365) x forty-four Inventories500, 000571, 644(3, 210, 000/ 365) x sixty five

Total current assets1, 600, 0001, 769, 932

Net fixed assets1, 400, 0001, 776, 0001, 400, 1000 + 486, 000 – 110, 1000 Total property 3, 500, 0003, 545, 932

Financial obligations and collateral

Accounts payable 700, 000747, 534(3, 210, 000/365) by 85

Income taxes payable95, 000168, 696562, 320 x zero. 30

Line of credit200, 00024, 894200, 500 - 175, 106 *(surplus)

Other current liabilities5, 0005, 000Unchanged

Total current liabilities1, 000, 000946, 124

Long term debt550, 000550, 000Unchanged

Shareholder's value

Common shares75, 00075, 000Unchanged

Retained earnings1, 375, 0001, 974, 8081, 375, 500 + 599, 808

Total liabilities and equity3, 000, 0003, 545, 932

Regional Imports, Inc,

Calculation of External Loans Required (EFR)

Based on the Judgement Way

For the Forecast Season Ended Dec 31, 2009

Total...