ACCOUNTING Carry out the following practical case: The company “Inversiones San Remo SAC”, with RUC: 20234125239, began activities in 2005, is dedicated to the manufacture of curtains, operates in its own premises located in La Victoria, has 33 employees (monthly average), and According to the General Shareholders' Meeting, in 2018 they calculated the dividend distribution of 40%. They request to assemble the Financial Statements with the following information: Prepare the 2018 Income Statement. Prepare the Statement of Financial Position 2017 and 2018. Statement of Cash Flow for the year 2018. Direct method Perform the acid test calculation, the two periods and explain what the results found mean Notes to the Financial Statements: Selling expenses correspond to depreciation expenses for 2018. Administrative expenses corresponding to payroll expenses (salaries) for the 2018 financial year. Financial income corresponds to earnings from the profitability of cash surpluses that the company had in the 2018
ACCOUNTING Carry out the following practical case: The company “Inversiones San Remo SAC”, with RUC: 20234125239, began activities in 2005, is dedicated to the manufacture of curtains, operates in its own premises located in La Victoria, has 33 employees (monthly average), and According to the General Shareholders' Meeting, in 2018 they calculated the dividend distribution of 40%. They request to assemble the Financial Statements with the following information: Prepare the 2018 Income Statement. Prepare the Statement of Financial Position 2017 and 2018. Statement of Cash Flow for the year 2018. Direct method Perform the acid test calculation, the two periods and explain what the results found mean Notes to the Financial Statements: Selling expenses correspond to depreciation expenses for 2018. Administrative expenses corresponding to payroll expenses (salaries) for the 2018 financial year. Financial income corresponds to earnings from the profitability of cash surpluses that the company had in the 2018
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ACCOUNTING
Carry out the following practical case:
The company “Inversiones San Remo SAC”, with RUC: 20234125239, began activities in 2005, is dedicated to the manufacture of curtains, operates in its own premises located in La Victoria, has 33 employees (monthly average), and According to the General Shareholders' Meeting, in 2018 they calculated the dividend distribution of 40%.
They request to assemble the Financial Statements with the following information:
- Prepare the 2018 Income Statement.
- Prepare the
Statement of Financial Position 2017 and 2018. - Statement of Cash Flow for the year 2018.
- Direct method
- Perform the acid test calculation, the two periods and explain what the results found mean
Notes to the Financial Statements:
- Selling expenses correspond to
depreciation expenses for 2018. - Administrative expenses corresponding to payroll expenses (salaries) for the 2018 financial year.
- Financial income corresponds to earnings from the profitability of cash surpluses that the company had in the 2018 period.
- Financial expenses for the 2018 period correspond to interest paid on
working capital loans. - Make all the discounts by law that you consider for this company (except the legal reserve discount).
- The purchase of its fixed assets was made in cash.
- Income Tax to consider: 30%
Transcribed Image Text:Detalles
Año 2017
Año 2018
Administration Expense
3,548,160.00
Financial income
26,505.00
Selling expenses
342,585.00
Net sales
18,864,000.00
Costs of sale
Financial expenses
12,319,920.00
342,157.50
1,159,593.75 1,381,500.36
1,462,500.00
Rights for the sale of curtains for 150 days
Land
1,462,500.00
Cash
13,500.00
192,375.00
429, 165.00
74,025.00
1,518,750.00 1,518,750.00
28,687.50
Bank debt with BBVA at 180 days
587,812.50
Machinery
448,762.50
Social capital
Workers' shares for pay (90 days)
90,675.00
Rights for the sale of machinery for 420 days
393,750.00
360.000.00
169,312.50
977,647.50
Depreciation
Curtains for sale
Debts with merchandise suppliers at 150 days 907,852.50
1,404,000.00 1,320,188.63
799,537.50
Buildings
843,750.00
894,375.00
Dividends pending payment (60 days)
26,595.00
Additional capital
Salaries pending payment
84,375.00
95,625.00
103,500.00
132,750.00
Bank debt with the BCP at 200 days
837,862.50
Furniture and fixtures
18,056.25
80,190.00
189,832.50
465,750.00
65,925.00
Income tax obligations
98,505.00
Accumulated results
Calcular
Equipment
225,900.00
Bank debt with the BCP at 380 days
1,552,500.00
765,262.50
Current accounts
14,625.00
448,875.00
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