calculation................marion boat ..how z transction take place...ahfwefhewhfhwefhbfhbwehfbewhbhbwehbhwebfhbewhfbhwebfhbwehfbwehbfhwbehfbewhbfhewbfhwbehfbwehbfhewbfhwbehfbewhbfhewbfhwebhfbewhfbwhebfhwebfhbwehfbewhfbhwebfhwebfhbwehfbwehbfhwebfhwbehfbwehfbwhefbhewbfhewbhfbwehfbhwebfhwebfbwehbfhwebhfbwebfhwebfhewbfhbewhfbwhefwyyy4y3y34yu3u3uu4y4y3737777777777fyegfehfhdbhdbshbbsdbvbsdhvbhdbvhdsb
calculation................marion boat ..how z transction take place...ahfwefhewhfhwefhbfhbwehfbewhbhbwehbhwebfhbewhfbhwebfhbwehfbwehbfhwbehfbewhbfhewbfhwbehfbwehbfhewbfhwbehfbewhbfhewbfhwebhfbewhfbwhebfhwebfhbwehfbewhfbhwebfhwebfhbwehfbwehbfhwebfhwbehfbwehfbwhefbhewbfhewbhfbwehfbhwebfhwebfbwehbfhwebhfbwebfhwebfhewbfhbewhfbwhefwyyy4y3y34yu3u3uu4y4y3737777777777fyegfehfhdbhdbshbbsdbvbsdhvbhdbvhdsb
calculation................marion boat ..how z transction take place...ahfwefhewhfhwefhbfhbwehfbewhbhbwehbhwebfhbewhfbhwebfhbwehfbwehbfhwbehfbewhbfhewbfhwbehfbwehbfhewbfhwbehfbewhbfhewbfhwebhfbewhfbwhebfhwebfhbwehfbewhfbhwebfhwebfhbwehfbwehbfhwebfhwbehfbwehfbwhefbhewbfhewbhfbwehfbhwebfhwebfbwehbfhwebhfbwebfhwebfhewbfhbewhfbwhefwyyy4y3y34yu3u3uu4y4y3737777777777fyegfehfhdbhdbshbbsdbvbsdhvbhdbvhdsb
1-Nov-05 BANK LOAN 40000 1-Nov-05 PROPERTY 72000 -72000 1-Nov-05 SITE PREPARATION 7000 31-Dec-05 LOAN FOR SPORTS BOAT 40000 PURCHASE 153000 GROSS MARGIN 112000 -153000 1-Jan-06 TRADE IN SALES 54800 COMMISION CHARGES -680 31-Jan-06 CONSTRUCTION PAYMENT 40000 -40000 28-Feb-06 CONSTRUCTION PAYMENT 40000 -40000 31-Mar-06 CONSTRUCTION PAYMENT 60000 -60000 MATERIAL COST 2400 -2400 30-Mar-06 LOAN REPAYMENT(1ST INSTALLMENT) -42000 31-Mar-06 ARCHITECT FEE 2600 -2600 31-Mar-06 FRED'S SALARY -10000 TOTAL 145000 79000 68320 0 BALANCE SHEET SIZE ASSETS MARION BOATS INC ACCOUNTING EQUATION ,31st MARCH,2006 A/C RECEIVABLE TRADE-In ALLOWANCE STONES Owner Equity(Bill& Fred) A/C PAYABLE BANK LOAN 91200 40000 2000 153000 13600 58000 -58000 -40000 13600 0 2000 91200 153000 0 307920 307920 LIABILITIES + EQUITY ASSETS MARION BOATS INC ACCOUNTING EQUATION ,31st MARCH,2006 RETAINED EARNINGS SITE PREPARATION PAYABLE SPORTS BOAT LOAN 9000 40000 30600 -3200 -680 -2000 -10000 14720 9000 40000 LIABILITIES + EQUITY MARION BOATS INC ACCOUNTING EQUATION ,31st MARCH,2006 68320 224000 13600 Account Payable for site preparation 2000 307920 Total assets Total Liabilities and owner's equity Fred's Equity Bill Equity Total Owners Equity Retained Earnings Total Liabilities Owner's equity Property Amount Receivable Stones Owed suppliers amount Marion Boats Balance Sheet For the Period Ended March 31, 2006 Assets Liabilities and owner's equity Liabilities Cash Sports Boat Loan 40000 153000 9000 202000 71600 19600 91200 14720 307920 Marion Boats Balance Sheet For the Period Ended March 31, 2006 INCOME Sales of new boats 112000 Credit sale 13600 Tade in Allowance 58000 Total Income 183600 Expenses Account Payable 153000 Salary 10000 Fred compensation for boat 680 Sales of trade-in boats 3200 Bank Interest 2000 Total Expenses 168880 Net Income 14720 Marion Boats Income Statement For the Period October 1,2005- March 31, 2006 Sales of new boats 112000 Owners Equity 91200 Sales of trade-in boats 54800 Borrowing from Sports Boat 40000 Borrowing from Bank 40000 Total 338000 Architect fee 2600 Material cost 2400 Fred salary 10000 Repayment of bank loan 42000 commision charge 680 Buying Property 72000 Construction Payments 140000 Total 269680 Net cash 68320 Marion Boats Cash Flow Statement For the Period Ended March 31, 2006 CASH IN FLOW CASH OUT FLOW FRED BILL TOTAL SHARES 1800 500 2300 Owners share value 11520 3200 14720 Owners Equity
Matheson Electronics has just developed a new electronic device that it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the following inform... - HomeworkLib