8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

1/13

Answer to Assignment

GIVEN FACTS:

2011 2012 2013 2014

Immature

  Unit price 200 220 240 260

Commission per unit - Loss 20 22 24 26

Transfer tax per unit - Loss 6 8 10 12

174 190 206 222

2011 2012 2013 2014

Mature

  Unit price 250 270 290 310

Commission per unit - Loss 25 27 29 31

Transfer tax per unit - Loss 10 12 14 16

215 231 247 263

2011 2012 2013 2014

Prou!e " #or sa$e

  Unit price 50 60 70

Commission per unit - expense 5 6 7

Transfer tax per unit - expense 1 2 3

FLCT!   - 44 52 60

"a#es 1$000 1$500 2$000

Transa!tions 2011 2012 2013 2014

  %c&uisition of immature ca#f 200 100 120 140

 %c&uisition of mature ca#f 100

'irt( of a ne) immature ca#f 50 55 60

"a#e of mature co) 60 100 140

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

2/13

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

3/13

Per %nit *ourna# +ntrie

2011 2012 2013 2014

Immature 2011

  'e,innin, 200 150 175

 %c&uisition 200 100 120 140

e) .orn 50 55 60

Transfer to mature /200 /150 /175

  200 150 175 200

FLCT! 174 190 206 222

Carrin, %mount of '% - mmature 34$800 28$500 36$050 44$400

2011 2012 2013 2014

Mature

  'e,innin, 100 240 290

 %c&uisition 100

"a#es /60 /100 /140

  Transfer from immature 200 150 175

100 240 290 325

FLCT! 215 231 247 263

Carrin, %mount of '% - mmature 21$500 55$440 71$630 85$475

Gran Tota$ &'(300 )3(*40 10+(')0 12*()+&

Per Pesos " ,e!on!i$iation o# !arr-ing amount

2011 2012 2013 2014

Immature

  'e,innin, 34$800 28$500 36$050

 %c&uisition 34$800 19$000 24$720 31$080

e) .orn 9$500 11$330 13$320

Transfer to mature /38$000 /30$900 /38$850

  C(an,e in F ue to rice 3$200 2$400 2$800

Carrin, %mount of '% - mmature 34$800 28$500 36$050 44$400

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

4/13

2011 2012 2013 2014

Mature

  'e,innin, 21$500 55$440 71$630

 %c&uisition 21$500 - - -

"a#es /13$860 /24$700 /36$820

  Transfer from immature   38$000 30$900 38$850

C(an,e in F ue to (sica# 8$200 6$150 7$175

C(an,e in F ue to rice 1$600 3$840 4$640

Carrin, %mount of '% - mmature 21$500 55$440 71$630 85$475

Gran Tota$ &'(300 )3(*40 10+(')0 12*()+&

F of transferre mature   46$200 37$050 46$025

F of transferre immature 38$000 30$900 38$850

!ue to p(sica# c(an,e 8$200 6$150 7$175

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

5/13

  s

'io#o,ica# %ssets-mmature 34$800

'io#o,ica# %ssets-ature 21$500

Loss on c(an,e in F ue to rice 8$700

Cas( 65$000

 2012 2013

'io#o,ica# %ssets-mmature 19$000 24$720 31$08

Loss on c(an,e in F ue to rice 3$000 4$080 5$32

Cas( 22$000 28$800

'io#o,ica# %ssets-mmature 9$500 11$330 13$32

ain from C(an,e in F ue to (sica# 9$500 11$330

Cas( 13$860 24$700 36$82

Commission 1$620 2$900 4$34

Transfer tax 720 1$400 2$24

'io#o,ica# %ssets-ature 13$860 24$700

ain on sa#e 2$340 4$300

'io#o,ica# %ssets-ature 46$200 37$050 46$02

'io#o,ica# %ssets-mmature 38$000 30$900

ain from C(an,e in F ue to (sica# 8$200 6$150

'io#o,ica# %ssets-mmature 3$200 2$400 2$80

'io#o,ica# %ssets-ature 1$600 3$840 4$64

ain from c(an,e in F ue to rice 4$800 6$240

 %,ricu#tura# rouce 44$000 78$000 120$00

ain from c(an,e in F ue to (sica# 44$000 78$000

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

6/13

Cas( 44$000 78$000 120$00

Commission 5$000 9$000 14$00

Transfer tax 1$000 3$000 6$00

"a#es 50$000 90$000

Cost of sa#es 44$000 78$000 120$00

 %,ricu#tura# prouce 44$000 78$000

INC.ME STATEMENT 2012 2013 2014

"a#es 50$000 90$000 140$00

Cost of "a#es 44$000 78$000 120$00

ross rofit 6$000 12$000 20$00

 %,,re,ate ,ain from c(an,e in F 63$500 97$640 142$61

ain on sa#e of .io assets 2$340 4$300 6$58

Tota# 71$840 113$940 169$19

+xpense r 16$300 26$58

Net In!ome /VA%E *+('40 142('1

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

7/13

  14

36$400

13$320

36$820

6$580

38$850

7$175

7$440

120$000

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

8/13

  140$000

120$000

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

9/13

uantit %mount

Consuma.#e 3$000 1$200$000 400 fvctd

*anuar Fe.ruar arc(

rice 450 460 465

Cost of isposa# 18 21 19

uantit purc(ase 750 600 820

*anuar Fe.ruar arc(

o of s#au,(tere 900 1$000 850o of :i#os of prouce 4$950 5$860 5$117

"e##in, price of carcasses;:i#o

115 119 118

Cost of s#au,(terin,;:i#o 12 11 10

 Beginning 3,000 2,850 2,450

Purchases 750 600 820

Slaughtered (900) (,000) (850)

 !nding 2,850 2,450 2,420

"#$%&' 432 439 446

,23,200 ,075,550 ,079,320

gricultural Prduce 509,850 632,880 552,636

Beginning ,200,000 ,23,200 ,075,550

Purchases 324,000 263,400 365,720

Slaughtered (388,800) (439,000) (379,00)

 "# due t Price 96,000 9,950 7,50

,23,200 ,075,550 ,079,320

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

10/13

 *anuar+ "eruar+ -a

'io#o,ica# %ssets   324,000 263,400 365,720

Loss on c(an,e in F ue to rice   3,500 2,600 5,580

Cas(   337,500 276,000

'io#o,ica# %ssets-mmature   96,000 9,950 7,50

ain from C(an,e in F ue to rice   96,000 9,950

 %,ricu#tura# rouce   509,850 632,880 552,636

ain from c(an,e in F ue to (sica#   6,650 29,420

'io#o,ica# %ssets   388,800 439,000

Cas(   59,400 64,460

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

11/13

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

12/13

rch

  38,300

7,50

22,366

379,00

5,70

8/17/2019 Exercises Answer - Problem2 (Refer Notebook)

13/13

 % ar#ene ! "ixto - Custoian

  enera#