Exercise 1 From the following: • prepare a balance sheet and calculate the share capital; • prepare an income statement • calculate partial profit or loss. Customers CZK 280.000; Goods (inventory) in stock 350.000 CZK; Interest on deposits CZK 3.000; Buildings 600.000 CZK; Long-term bank loans CZK 400.000; Employees CZK 270.000; Loan interest CZK 8.000; Shortages and damages CZK 6.000; Sales of goods 500.000 CZK; Suppliers CZK 370,000; Bank accounts CZK 400.000, Repairs CZK 15.000. Balance sheet in thousands of CZK Assets Liabilities Total assets Total liabilities Income statement in thousands of CZK Expenses CZK Revenues CZK Total costs Total revenues Profit or loss 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 20 pcs Number of products sold 16 pcs Cost of manufactured products (production price) 200 CZK The amount for which the products were sold (selling price) 360 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 Exercise 3 Items Units Number of products produced 20 pcs Number of products sold 20 pcs Cost of manufactured products (production price) 200 CZK The amount for which the products were sold (selling price) 400 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 Exercise 4 The manufacturer planned and found the following values in material consumption in his company: Item Unit Price Material consumption Kg CZK per kg Planned situation 400 20 Real situation 450 25 1. Calculate the actual cost 2. Calculate the planned costs 3. Calculate the total cost variance in monetary units. 4. Calculate how the price increase contributed to the total variance (price variance) 5. Calculate how consumption growth contributed to the total variance (quantity variance) Exercise 5 Items Units Calculated material consumption 180 CZK Production plan 10.000 toys Real production 9.600 toys Budgeted consumption of basic material 900 000 CZK Actual consumption of basic material 840 000 CZK · Assess the level of economy achieved in glove manufacturing. Exercise 6 The airline achieved the following results in the period under review: Items Units Sales 600.000 CZK Air freight costs (material consumption, purchased services, depreciation, labor costs) 200.000 CZK Profit tax 20.000 CZK The net profit 48.000 CZK Invested capital 2.400.000 CZK Foreign resources (mainly bank loans) 1/3 of capital Interest rate of bank loans 5 % Required appreciation of equity capital by business owners 9 % Income tax rate 20 % · Calculate the amount of return on equity and interpret the result. · Calculate the amount of economic added value and interpret the result. Exercise 7 Items Units Purchase price of goods 200.000 CZK Selling price of goods 240.000 CZK Replacement cost 212.000 CZK Opportunity costs 20 % of return on costs • Express the cost of goods sold depending on their financial, value and economic concept. • Find out the trade margin (profit) from the sale of goods. Exercise 8 Mr. Smith decided to do business as a craftsman. Items Units Annual earnings 1.000.000 CZK Production and other costs 600.000 CZK Invested capital 2.000.000 CZK Interest rate on invested capital 8 % Lost monthly salary due to business 30.000 CZK • Calculate accounting and economic profit. Example 9 The manufacturing company has the following production data for its product: 1. total fixed costs CZK 80.000 2. Total variable costs 60.000 CZK 3. price of 1 product 80 CZK 4. quantity produced - capacity 4.000 pcs 5. planned production range 3.400 pcs Calculate: (1) production volume for break-even point; 2) single (absolute) margin, 3) contribution to sales, 4) Reversal turnover 5) margin of safety.