Exercise 1 From the following: • prepare a balance sheet and calculate the share capital; • prepare an income statement • calculate partial profit or loss. [DEL: Customers CZK 490,000; Goods (inventory) in stock 750 000 CZK; Interest on deposits CZK 3,000; Reserve fund CZK 480,000; :DEL] [DEL: Payroll CZK 690,000; Buildings 1 200 000 CZK; Long-term bank loans CZK 780,000; Employees CZK 530,000; :DEL] Goods sold CZK 320,000[DEL: ; Loan interest :DEL] [DEL: CZK 8,000; Shortages and damages CZK 12,000; Sales of goods 1 350 000 CZK :DEL] ; [DEL: Cash in hand 45 000 CZK; Suppliers CZK 370,000; :DEL] [DEL: Bank accounts CZK 960,000, Repairs CZK 25,000. :DEL] Balance sheet in thousands of CZK Assets Liabilities Fixed assets equity Buildings 1 200 Reserve fund 480 Capital 1285 Current assets Debt (foreign capital) Customers 490 Long-term bank loans Cash in hand Employees Bank accounts Suppliers Goods Total assets 3 445 Total liabilities 3445 Operating profit or loss = operating revenues – operating expenses Operating profit = 303 Financial loss = - 5 Financial profit of loss = financial revenues – financial expenses Income statement in thousands of CZK Expenses CZK Revenues CZK Operating expenses Operating revenues Payroll 690 Sales of goods Shortages and damages Repairs Goods sold Financial expenses Financial revenues Loan interest Interest on deposits 3 Total expenses 1055 Total revenues 1353 Profit or loss Profit 298 Item Thousands of CZK Operating profit or loss Financial profit or loss Profit or loss for the accounting period Exercise 2 Items Units Number of products produced 10 pcs Number of products sold 8 pcs Cost of manufactured products (production price) 100 CZK The amount for which the products were sold (selling price) 120 CZK Find out: 1. how much are the company's revenues = 120 CZK (8 pcs) 2. how much are the company's costs = 100 CZK (10 pcs) costs for 1 product = 100 CZK / 10 pcs = 10 CZK / product costs for 8 pcs = 10 * 8 = 80 CZK (8 pcs) 3. the economic result of the enterprise ER = revenues – expenses = sales – costs = 120 CZK – 80 CZK = 40 CZK profit 4. cost effectiveness of the company = return on costs Return on costs = profit / costs = 40 / 80 = 0.5 * 100 = 50 % 5. revenue profitability of the company = return on sales return on sales = profit / sales = 40 / 120 = 0.33 * 100 = 33 % Exercise 3 Items Units Number of products produced 10 pcs Number of products sold 10 pcs Cost of manufactured products (production price) 100 CZK The amount for which the products were sold (selling price) 150 CZK Find out: 1. how much are the company's revenues 2. how much are the company's costs 3. the economic result of the enterprise 4. cost effectiveness of the company 5. revenue profitability of the company