MathMaster logo

MathMaster

  1. Home
  2. general
  3. the company montes sa is dedicated to the furniture marketing business it has the following accounts for analysis real est
Question

The company MONTES, SA is dedicated to the furniture marketing business, it has the following accounts for analysis: Real estate for $15,500, vehicles for $8,000, long-term debt for $9,100, suppliers for $8,500, short-term debt for $9,500. It has inventories of $7,500, capital for $7,500, reserves for $2,500, clients for $6,500 and cash of $1,100 (data worked in thousands). It is known that, in the last year, the company has credit sales of $5,200 and cash sales of $3,400. The company has sales costs of $2,700; variable expenses of $1,100 (data in thousands); and variable costs correspond to 20% of sales revenue. Based on the above, carry out the following activities: 1. Prepare the company's financial statement to be presented to the board of directors. 2. Determine the accounts and create the general balance sheet of the financial statements for the company. 3. Perform the financial analysis of the company for the current period.

185

likes
923 views

Answer to a math question The company MONTES, SA is dedicated to the furniture marketing business, it has the following accounts for analysis: Real estate for $15,500, vehicles for $8,000, long-term debt for $9,100, suppliers for $8,500, short-term debt for $9,500. It has inventories of $7,500, capital for $7,500, reserves for $2,500, clients for $6,500 and cash of $1,100 (data worked in thousands). It is known that, in the last year, the company has credit sales of $5,200 and cash sales of $3,400. The company has sales costs of $2,700; variable expenses of $1,100 (data in thousands); and variable costs correspond to 20% of sales revenue. Based on the above, carry out the following activities: 1. Prepare the company's financial statement to be presented to the board of directors. 2. Determine the accounts and create the general balance sheet of the financial statements for the company. 3. Perform the financial analysis of the company for the current period.

Expert avatar
Hermann
4.6
126 Answers
1. **Income Statement**:
- Calculate Total Revenue:
\$5,200,000 + \$3,400,000 = \$8,600,000
- Given Cost of Goods Sold (COGS):
\$2,700,000
- Calculate Variable Costs (20% of Revenue):
0.20 \times \$8,600,000 = \$1,720,000
- Calculate Gross Profit:
\$8,600,000 - \$2,700,000 - \$1,720,000 = \$4,180,000
- Given Variable Expenses:
\$1,100,000
- Calculate Net Income:
\$4,180,000 - \$1,100,000 = \$3,080,000

2. **Balance Sheet**:
- **Assets**:
- Real Estate:
\$15,500
- Vehicles:
\$8,000
- Inventories:
\$7,500
- Clients:
\$6,500
- Cash:
\$1,100
- Total Assets:
15,500 + 8,000 + 7,500 + 6,500 + 1,100 = 33,100
- **Liabilities**:
- Long-term Debt:
\$9,100
- Suppliers:
\$8,500
- Short-term Debt:
\$9,500
- Total Liabilities:
9,100 + 8,500 + 9,500 = 27,100
- **Equity**:
- Capital:
\$7,500
- Reserves:
\$2,500
- Total Equity:
7,500 - 2,500 = 6,000

3. **Financial Analysis**:
- Calculate Current Ratio:
\frac{15,100}{19,100} = 0.80
- Calculate Quick Ratio (excluding inventories):
\frac{15,100 - 7,500}{19,100} = 0.54
- Calculate Debt to Equity Ratio:
\frac{27,100}{6,000} = 4.52
- Calculate Return on Equity (using net income and equity):
\frac{\$3,080,000}{6,000} \times 100 = 51.33\%

Frequently asked questions (FAQs)
What is the dot product of vector A (2, -3, 4) and vector B (5, 1, -2)?
+
Math question: Evaluate the limit of (cos(x) - 1) / (x^2) as x approaches 0 using L'Hospital's Rule.
+
What is the cosine value of an angle in radians that corresponds to a point on the unit circle chart?
+
New questions in Mathematics
QUESTION l. An investigation has been carried out in a region to know the perception of "citizen insecurity" of its inhabitants. 1,270 people in the region were interviewed, of which 27.1% responded that it was a "serious" problem. Knowing that this opinion was previously held by 25.3% of the population of that region, we want to know if said opinion has changed significantly for a confidence level of 97.2%. Taking this statement into account, the following is requested: a) Critical value of the contrast statistic. b) Solve the hypothesis test and indicate what conclusion we can reach. c) P-value of contrast.
Imagine that you are in an electronics store and you want to calculate the final price of a product after applying a discount. The product you are interested in has an original price of $1000 MN, but, for today, the store offers a 25% discount on all its products. Develop an algorithm that allows you to calculate the final price you will pay, but first point out the elements.
Given the vectors: a = (2m – 3n, 4n – m) and b = (2, -3), find the values of m and n that make: a = 5 b.
The graph of the equation x²= 4py is a parabola with focus F(_,_) and directrix y=_____ Therefore, the graph of x²=12y is a parabola with focus F(_,_) and a directrix y=_____
A company is wondering whether to invest £18,000 in a project which would make extra profits of £10,009 in the first year, £8,000 in the second year and £6,000 in the third year. It’s cost of capital is 10% (in other words, it would require a return of at least 10% on its investment). You are required to evaluate the project.
Given (3x+2)E [2;14] how much money (in soles) does Sophia have if numerically it is the greatest value of x?
0.1x8.2
There are 3 orchards, a, b and c. Orchard a has 60 fewer trees than orchard b orchard c has 3 times as many trees as orchard b. If the three orchards have 430 trees altogether, how many trees does orchard c have?
A company made 150,000 in the first year 145,000 in the second 140,000 in the third year successively during the first decade of this company's existence it made a total of
Sections of steel tube having an inside diameter of 9 inches, are filled with concrete to support the main floor girder in a building. If these posts are 12 feet long and there are 18 of them, how many cubic yards of concrete are required for the job?
Write the equation of the line that is parallel to y= 4x-7 and has a y- intercept at (0,5)
25) Paulo saves R$250.00 per month and keeps the money in a safe in his own home. At the end of 12 months, deposit the total saved into the savings account. Consider that, each year, deposits are always carried out on the same day and month; the annual yield on the savings account is 7%; and, the yield total is obtained by the interest compounding process. So, the amount that Paulo will have in his savings account after 3 years, from the moment you started saving part of your money monthly, it will be A) R$6,644.70. B) R$ 9,210.00. C) R$ 9,644.70. D) R$ 10,319.83. E) R$ 13,319.83
A group of 17 people spent 9 days on vacation and spent R$776.34 on barbecue meat and the bill needs to be divided as follows: 6 people stayed for 9 days, 7 people stayed for 4 days, and 2 people stayed for 5 days and 2 people stayed 3 days, how much does each group have to pay for the days they stayed?
calculate the product of 4 and 1/8
draw the condensed formula fpr 3,3,4 triethylnonane
5a-3.(a-7)=-3
12[4 + (8 + 7) + 5]
A person travels by car from one city to another with different constant speeds between pairs of cities. She drives for 55.0 min at 100.0 km/h, 14.0 min at 65.0 km/h, and 45.0 min at 60.0 km/h and spends 20.0 min eating lunch and buying gas. (a) Determine the average speed for the trip.
Exercise The temperature T in degrees Celsius of a chemical reaction is given as a function of time t, expressed in minutes, by the function defined on ¿ by: T (t )=(20 t +10)e−0.5t. 1) What is the initial temperature? 2) Show that T' (t )=(−10 t +15)e−0 .5t. 3) Study the sign of T' (t ), then draw up the table of variations of T . We do not ask for the limit of T in +∞. 4) What is the maximum temperature reached by the reaction chemical. We will give an approximate value to within 10−2. 5) After how long does the temperature T go back down to its initial value? We will give an approximate value of this time in minutes and seconds. DM 2: study of a function Exercise The temperature T in degrees Celsius of a chemical reaction is given as a function of time t, expressed in minutes, by the function defined on ¿ by: T (t )=(20 t +10)e−0.5t. 1) What is the initial temperature? 2) Show that T' (t )=(−10 t +15)e−0.5 t. 3) Study the sign of T' (t ), then draw up the table of variations of T . We do not ask for the limit of T in +∞. 4) What is the maximum temperature reached by the reaction chemical. We will give an approximate value to within 10−2. 5) After how long does the temperature T go back down to its initial value? We will give an approximate value of this time in minutes and seconds.
A gas is leaking at 3.5ft3/min in a room of 2.9m by 6.9ft by 15.7m. How long would it take (in seconds) for 22% of the room to reach the LFL, if the gas has a LFL of 2.51%?

You might be interested in