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    Ribbon N Bows Inc. Income Statement For The Period June 30 Particulars Amount Amount Cost of Goods Sold

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    rani rino
    Ribbon n Bows Inc. generated a gross profit of $5620 on sales of $7720 after incurring cost of goods sold of $2100. Total expenses for the period were $3630, resulting in earnings before interest, taxes, depreciation and amortization (EBITDA) of $1990. After accounting for depreciation of $310, earnings before interest and taxes (EBIT) were $1680. Net profit after interest, taxes and other expenses was $1480.

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    Ribbon N Bows Inc. Income Statement For The Period June 30 Particulars Amount Amount Cost of Goods Sold

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    rani rino
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    Ribbon n Bows Inc. generated a gross profit of $5620 on sales of $7720 after incurring cost of goods sold of $2100. Total expenses for the period were $3630, resulting in earnings before interest, taxes, depreciation and amortization (EBITDA) of $1990. After accounting for depreciation of $310, earnings before interest and taxes (EBIT) were $1680. Net profit after interest, taxes and other expenses was $1480.

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    Ribbon n Bows Inc. generated a gross profit of $5620 on sales of $7720 after incurring cost of goods sold of $2100. Total expenses for the period were $3630, resulting in earnings before interest, taxes, depreciation and amortization (EBITDA) of $1990. After accounting for depreciation of $310, earnings before interest and taxes (EBIT) were $1680. Net profit after interest, taxes and other expenses was $1480.

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    11 views4 pages

    Ribbon N Bows Inc. Income Statement For The Period June 30 Particulars Amount Amount Cost of Goods Sold

    Uploaded by

    rani rino
    Ribbon n Bows Inc. generated a gross profit of $5620 on sales of $7720 after incurring cost of goods sold of $2100. Total expenses for the period were $3630, resulting in earnings before interest, taxes, depreciation and amortization (EBITDA) of $1990. After accounting for depreciation of $310, earnings before interest and taxes (EBIT) were $1680. Net profit after interest, taxes and other expenses was $1480.

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    of 4

    Ribbon n Bows Inc.

    Income Statement for the period June 30

    Particulars Amount Amount Cost of Goods Sold


    Sales 7720
    (-) Cost of Goods Sold 2100 Beginning inventory
    Gross Profit 5620 (+) Purchase of inventory
    (-) Other Expenses
    salary 1600 COGS
    rent 1800 Closing inventory
    Advertisement exp 150
    supplies 80 3630
    EBDIT 1990
    (-) Depreciation 310 Depreciation (SLM)
    EBIT 1680 SM
    (-) Interest 200 Investment cost
    EBT 1480 Expected life (years)
    (-) Tax (Assume there in no tax) 0 Scrap value
    PAT 1480
    dividend 0 Annual Depreciation
    Retained earnings 1480 Monthly depreciation
    Depreciation
    Total depreciation
    3300
    2900
    6200
    2100
    4100

    (investment cost - Scrap Value)/Useful life of the investment


    Computer
    1800 2000
    5 2
    0 0

    360 1000
    30 83.33333
    60 250
    310
    Balance Sheet as on 30/06

    Liabilities and OE Amount Amount Assets Amount Amount


    Capital Net Fixed Assets
    Share Capital 1000 Swing machine 1800
    Retained earnings 1480 (-) Depreciation 60
    Net SM 1740
    Computer 2000
    Long-term liabilities (-) Depreciation 250
    Loan 10000 Net computer 1750
    Total net fixed assest 3490
    Current Assets
    Current liabilities Cash 3390
    Salary payables 90 Inventory 4100
    Interest payables 200 Supplies 20
    Prepaid rent 1200
    Cash Register Deposit 250
    Trade receivables 320
    Total current assets 9280
    Total 12770 Total 12770
    Cash Statement for the period 30/06
    Ribbon n bows

    Cash Receipt Cash Payments


    Amount
    1. Loan 10000 1. rent 3000
    2. Equity 1000 2. invetory 6200
    3. Sales revenue 7400 3. computer 2000
    4. SM 1800
    5. Supplie 100
    6. cash register deposit 250
    7. advertizement 150
    8. salary 1510

    18400 15010
    Cash balance 3390

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