Class/ Student ID Name Q1a

A B C
1 EMG Limited
2 Statement of Comprehensive Income
3 For Years Ended 31 March 2012 and 2013
4 2012 2013
5 $ $
6 Sales 12,035,000 14,243,200
7 Cost of goods sold
8 Opening inventory 3,500,000 2,450,000
9 Purchase 8,500,120 8,735,000
10 12,000,120 11,185,000
11 Closing inventory 2,450,000 2,000,000
12 9,550,120 9,185,000
13 Gross profit 2,484,880 5,058,200
14 Selling expenses 480,000 498,800
15 General expenses 360,000 280,000
16 Total operating expenses 840,000 778,800
17 Operating income 1,644,880 4,279,400
18 Other expenses 89,550 90,700
19 Profits before tax 1,555,330 4,188,700
20 Tax 264,406 712,079
21 Profits after tax 1,290,924 3,476,621
22 Retained earnings, 1 April 4,345,138 5,076,062
23 5,636,062 8,552,683
24 Dividends 560,000 620,000
25 Retained earnings, 31 March 5,076,062 7,932,683
26
27
28 EMG Limited
29 Statement of Financial Position
30 As at 31 March 2012 and 2013
31 2012 2013
32 $ $
33 ASSETS
34 Non-current assets (net) 5,278,839 5,724,312
35
36 Current Assets
37 Inventories 2,450,000 2,000,000
38 Trade receivables 1,000,574 2,593,519
39 Prepaid expenses 79,520 88,320
40 Bank 211,052 2,121,032
41 3,741,146 6,802,871
42
43 9,019,985 12,527,183
44
45 EQUITY AND LIABILITIES
46
47 Share capital 2,340,000 2,340,000
48 Retained earnings 5,076,062 7,932,683
49 7,416,062 10,272,683
50
51 Current Liabilities
52 Trade payables 779,517 922,421
53 Dividend 560,000 620,000
54 Tax payables 264,406 712,079
55 1,603,923 2,254,500
56
57 TOTAL EQUITY AND LIABILITIES 9,019,985 12,527,183
58
59
60
61 Efficiency ratios:
62 Inventory turnover ratio 0.80 1.03
63 Debtors collection period (in days) 30.35 66.46
64 Creditors payment period (in days) 24.05 25.91
65 Sales to capital employed 1.62 1.39
66
67 Liquidity ratios:
68 Current ratio 2.33 3.02
69 Acid-test (quick) ratio 0.67 1.19
70
71 Profitability ratios:
72 Gross profit ratio 20.65% 35.51%
73 Net profit (before tax) ratio 12.92% 29.41%
74 Return (after tax) on capital employed 17.41% 33.84%
75
76
77
78 4b有教
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Scenario Summary
Current Values: NT Bank’ Kowloon Bank Island Bank
Changing Cells:
Loan_Amount $100,000.00 $100,000.00 $100,000.00 $100,000.00
Annual_Interest_Rate 8.00% 8.00% 7.00% 6.00%
Years 5 5 6 7
Result Cells:
Monthly_Payment $2,027.64 $2,027.64 $1,704.90 $1,460.86
Total_Payment $121,658.37 $121,658.37 $102,294.04 $87,651.33
Total_Interest. $21,658.37 $21,658.37 $2,294.04 ($12,348.67)
Notes: Current Values column represents values of changing cells at
time Scenario Summary Report was created. Changing cells for each
scenario are highlighted in gray.
EMG Limited
New product development

Cost of capital: 4.00%

Initial 1st year 2nd year 3rd year

Cash flows -$120,000 -$100,000 -$80,000 $50,000

NPV: -$12,206.70
Decision: NOT GO

Break-even Cost of Capital: 2.96% 收支均衡 break even用DATA既WHAT IF 既

EG,追求%令NPV係0,
Data Table Cost of Capital 將數隱形係按HOME既FORMAT CELL
4.00% -$12,206.70
4.50% -$17,757.93
5.00% -$23,119.41
5.50% -$28,298.24
6.00% -$33,301.26 DATA TABLE係WHAT IF果到按番

Loan from NT Bank:

Loan Amount $100,000.00

Annual Interest Rate 8.00%
Years 5

Monthly Payment $2,027.64 PMT計每月還幾多,借錢果條數前面加負數

Total Payment $121,658.37 Scenario manager 係What if果到整番,佢比咩料你
Total Interest $21,658.37
 4th year 5th year 6th year 7th year
$60,000 $80,000 $80,000 $70,000

WHAT IF 既GOAL SEEK整 第一格係目標格,第二格係目標數,第三格係想轉既野

%令NPV係0,所以第一格係B9,第二格係0,第三格係B4
既FORMAT CELL既CUSTOM打三個;

T IF果到按番

番,佢比咩料你,你個cell果範圍就係佢比既料,即係下面呢d,而summary果到按番即可,result cell圈番題目既要求
 CVP chart
$500,000
select data 按右邊
EDIT, 再拉番 B31-
F31, 就顯示到數 ,
$400,000 唔好圈到題目

$300,000
Amount

Total Cost ($)

$200,000 Operating income

$100,000

$0
4,000 4,500 5,000 5,500 6,000

($100,000)

Sales volume
Class/Class No. Student Name Q2
A B C D E F
1 EVI department store
2 CVP Analysis (May)
3 a) $ $
4 Fixed Variable
5 Production Costs
6 Direct materials 6
7 Direct labor 4
8 Indirect materials 2
9 Factory Overheads 65,000
10 Selling expenses
11 Advertising 120,000
12 Salaries 65,000
13 General selling expenses 2
14 Administrative expenses 110,000
15 Total 360,000 14
16
17 b)
18 Planned sales (units) 4,500
19 Selling price per unit $94
20 Target operating income $80,000
21
22 Unit contribution margin $80
23 Contribution margin ratio (%) 85%
24
25 Break-even point in units 4,500
26 Break-even point in sales dollars 423,000
27
28 Target operating income in units 5,500
29 Target operating income in sales dollars 517,000
30 c)
31 Sales units 4,000 4,500 5,000 5,500 6,000
32 Total Cost ($) $416,000 $423,000 $430,000 $437,000 $444,000
33 Operating income ($40,000) $0 $40,000 $80,000 $120,000
34 Favorable/Unfavorable unfavorable unfavorable favorable favorable favorable
35 4a有教
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Class/ Student ID Name Q3
A B C D E F G H I
1 L3 打完header,右下角轉normal view
2 Actual and Budgeted Sales (in units)
3 March 2,500 Actual
4 April 3,000 Actual
5 May 2,100 Budgeted
6 June 2,400 Budgeted
7
8 Statement of Financial Position - April 2013 $
9 Cash 166,600
10 Trade receivables 261,000
11 Inventory 138,600
12 Non-current assets (net) 170,000
13 Total assets 736,200
14
15 Trade payables 300,600
16 Owner's equity 435,600
17 Total liabilities & equity 736,200
18
19 Sales information:
20 Selling price / Unit $180
21 Purchase cost / unit $120
22 Desired ending inventory
23 (% of next month's unit sales) 55%
24 Collections from customers:
25 Collected in month of sale 60%
26 Collected in month after sale 30%
27 Collected in two months after sale 10%
28 Projected cash payments:
29 Variable expenses 35% of sales
30 Fixed expenses (per month) $135,000
31 Depreciation per month $25,000
32 Minimum Cash ending balance at May 2013 $35,000
33
34 Answer
35 a) Sales Budget May
36 In units 2,100
37 In dollars $378,000
38
39 b) Purchases Budget May
40 Ending inventory in May 1,320
41 Unit sales 2,100
42 Total units needed 3,420
43 Beginning inventory 1,155
44 Purchases (In Units) 2,265
45
46 Purcahse (in $) $271,800
47
48 c) Cash Budget May
49 Opening balance 166,600
50 Cash receipts:
51 Collections from customers:
52 From March sales 45,000
53 From April sales 162,000
54 From May sales 226,800
55 Total cash available 600,400
56 Cash disbursements:
57 Stock( Inventory)買貨錢account payable 300,600
58 Variable expenses 132,300
59 Fixed expenses 135,000
60 Total disbursements 567,900
61 Cash Balance Before Financing 32,500
62 Less: Minimum Ending Balance 35,000
63 Excess (Deficit) of cash over needs (2,500)
64 Financing:
65 Borrowing 2500
66 Repayment 0
67 Total effects of financing 2500
68
69 Cash balance, Ending 35000
70
71 d) Budgeted Statement of Comprehensive Income - May 2013
72 Sales $378,000
73 Cost of goods sold:
74 Opening Stock 138,600
75 Purchase 271,800
76 Less: Closing Stock 158,400
77 252,000
78 Gross profit 126,000
79 Expenses:
80 Variable expenses 132,300
81 Fixed expenses 135,000
82 Depreciation expense 25,000
83 Total expenses 292,300
84 Net income (166,300)
85
86 e) Budgeted Statement of Financial Position - May 2013
87 Assets:
88 Cash 35,000
89 Trade receivables 205,200
90 Inventory 158,400
91 Non-current assets (net) 145,000
92 Total assets 543,600
93
94 Liabilities & equity:
95 Trade payables 271,800
96 Loans payable 2,500
97 Owner's equity 269,300
98 Total liabilities & equity 543,600
99

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