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    Financial Report

    Uploaded by

    Mark Jay Capitulo
    The financial documents summarize the operations of ENTREPREN-YOUTH-TUAL for the month of June 2022. They made an initial capital investment of 500 and incurred 322 in materials expenses. Total sales were 1765 resulting in net income of 1393. Key metrics include a 79% profit margin, 55% return on investment and equity, and an internal rate of return of 107.68% based on 3 years of projected cash flows.

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    Financial Report

    Uploaded by

    Mark Jay Capitulo
    44 views3 pages
    The financial documents summarize the operations of ENTREPREN-YOUTH-TUAL for the month of June 2022. They made an initial capital investment of 500 and incurred 322 in materials expenses. Total sales were 1765 resulting in net income of 1393. Key metrics include a 79% profit margin, 55% return on investment and equity, and an internal rate of return of 107.68% based on 3 years of projected cash flows.

    Original Description:

    Accounting 101

    Original Title

    FINANCIAL-REPORT

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    The financial documents summarize the operations of ENTREPREN-YOUTH-TUAL for the month of June 2022. They made an initial capital investment of 500 and incurred 322 in materials expenses. Total sales were 1765 resulting in net income of 1393. Key metrics include a 79% profit margin, 55% return on investment and equity, and an internal rate of return of 107.68% based on 3 years of projected cash flows.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    44 views3 pages

    Financial Report

    Uploaded by

    Mark Jay Capitulo
    The financial documents summarize the operations of ENTREPREN-YOUTH-TUAL for the month of June 2022. They made an initial capital investment of 500 and incurred 322 in materials expenses. Total sales were 1765 resulting in net income of 1393. Key metrics include a 79% profit margin, 55% return on investment and equity, and an internal rate of return of 107.68% based on 3 years of projected cash flows.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    FINANCIAL REPORT

    Journal Entry
    2022

    Date Particulars Note Debit Credit


    19-May Cash 500
    EYT Co., Capital 500
    To record initial investment in the
    form of cash
    3-Jun Materials Expense 322
    Cash 322
    To record purchase of materials
    9-Jun Cash 1765
    Sales 1765
    To record sold products

    Ledger
    Cash
    Date Explanation Post ref. Debit Credit Balance
    5/19/2022 Capital J-1 500 500
    6/3/2022 Payment for purchased materials J-1 322 178
    6/9/2022 Cash received from customers J-1 1765 1943

    Materials Expenses
    Date Explanation Post ref. Debit Credit Balance
    6/3/2022 Payment for purchased materials J-1 322 322

    Breakdown
    ENTREPREN-YOUTH-TUAL
    Pre-loved clothes
    Capital 500.00 Total gathered contribution from each member of the group

    Total Initial Capital 500.00


    Preparation
    Collecting and washing of clothes
    Drying and the clothes must be ironed
    Packaging is 5-7 minutes

    Needed Materials Pre-loved clothes

    1st month of operation


    Cost of materials Clothes
    Packaging paper 100.00
    Packaging rope 80.00
    Cartolina 32.00
    Scissors 40.00
    Double-sided 20.00
    Appreciation card 50.00

    Total 322.00
    Income Statement

    ENTREPREN-YOUTH-TUAL
    Income Statement
    for the Month Ended June 10, 2022

    2022
    Sales 1,765.00

    Total Sales 1,765.00


    Less: COGS (Cost of Goods Sold)
    Purchases
    Materials 322.00
    Total Gross Profit 1,443.00
    Less Operating Expenses
    Salaries -
    Transpotation -
    Gas -
    Utility Expenses 50.00
    Advertisement -
    Licenses / Permit -

    Total Expenses 50.00


    Total Income before Tax 1,393.00
    Less: Income Tax -
    Total Net Income After Tax 1,393.00

    Cash Flow Statement

    ENTREPREN-YOUTH-TUAL
    Cashflow Statement
    for the Month Ended June 10, 2022

    2022
    Beginning Cash Balance
    Initial Investment 500.00
    Cash Inflows:
    Cash Sales 1,765.00
    Total 2,265.00
    Cash Outflows:
    Equipment 0.00
    Operating Expenses:
    Salaries 0.00
    Transpotation 0.00
    Gas 0.00
    Utility Expenses 50.00
    Advertisement 0.00
    Licenses / Permit 0.00
    Loan and Interest Expense 0.00
    Income Taxes 0.00
    Total Cash Outflows 50.00
    Cash Balance, End 2,215.00
    Balance Sheet

    ENTREPREN-YOUTH-TUAL
    Balance Sheet
    for the Month Ended June 10, 2022

    2022
    Assets
    Current Assets:
    Cash 2,215
    Account Receivable, 0
    Inventories 300
    Total 2,515

    Equipment 0
    Total Assets 2,515

    Liabilities and Owners Equity

    Current Liabilities 0
    Long Term Liabilities 0
    Owner's Equity 2,515
    Total Liabilities & Owners' Equity 2,515

    Profitable Ratio

    ENTREPREN-YOUTH-TUAL
    Financial Analysis
    for the Month Ended June 10, 2022

    Financial Analysis (to the nearest units)


    2021
    A. Profitability Ratios
    1. Profit Margins (ROS)
    ( Net income / Sales) 79%
    2. Return on Investment (ROI)
    (Net income / total assets) 55%
    3. Return on Equity (ROE)
    (Net income / Owner's Equity) 55%

    B. Payback Period - Schedule 1


    Investment = Php 3,000.00 (Cash)

    Net Cash Flows:

    2021 = 1,393.00

    C. Internal Rate of Return (IRR) - Schedule 2


    Investment Php500.00
    Net Cash Flows:
    2021 Php1,393.00

    Php1,393

    Php1,393 Average Net Cash Flows


    = Php464.33
    3 yrs

    IRR = 500
    = 107.68% at Period 3;
    Php464.33

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