RISING_STAR company was incorporated in the first of June 2020. Money was raised at that time with total $1000 which include 30% from bank loan, 30% from corporate bond and the rest from its own money. The company business is selling laptop. Total equipment costs $600. The company has 150 laptops with total value of $300 and $100 in cash.
The maturity of bank loan and corporate bond are 3 years and 5 years respectively. Lending rate is 9% and coupon rate is 12%. Assume the laptops bought at 01/06/2020 are identical and have the same cost. Corporate tax rate is 23%. Duration of the equipment is 5-year.
Show the income statement, cash flow statement and balance sheet of the company at 31/12/2020 if:
- The company start its operations on June 1st, 2020. Over the period, it sells 60 laptop for $400.
The company invited Diva My Linh to perform on its Grand Opening Day and paid her $10.
The salary paid to the CEO is $2 per month and the other administrative costs are $4 in total. In the 1st of September, it recruited a CFO and the compensation package for him is $10 annually.
On Dec 31, it decides to replenish its stock of laptop with 50 laptops more with the same imported price The fuels and other operating costs are $1,5.
All income and expenses are paid cash (no credit on sale)
- Given the information above and now the company applies equal depreciation. Customers bought laptop with $220 in cash and $180 on credit. However, 15% are collected from $180 before December 2020 and 50 laptops will be paid next March, 2021. In addition, 50% of the tax will be paid in the first quarter next year and so does 10% of the equipment costs. The company decides to pay 20% dividend in cash.
Show the income statement, cash flow statement and balance sheet of the company at 30/06/2021 if:
- In the first 6 months of 2021, the company sells all the laptop left in the store from 2020 with the price of $40 each and replenishes 350 new type laptops with the imported price are twice more expensive than the 2020 version. At 30/06/2021, it decides to change from its old store to a new store in Hai Ba Trung road and cost $10 to change. New equipment for this store is $200. The new equipment will be financed 100% from its own money. However, when moving to the new store, it needs to pay a rental fee of $10 monthly while it receives back $20 of advance deposit from its old store.
Using DuPont analysis to analyze the performance of the company.