ACC201 Final Project Current year: Current year: Sales 540,000 Operating expenses 229,000 Inventory purchases 162,000 Cash 33,000 Sales and marketing expenses 49,000 Prepaid e

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 ACC201     
 Final Project     
             
Current year:   Current year:      
 Sales  540,000   Operating expenses  229,000     
 Inventory purchases  162,000   Cash    33,000     
 Sales and marketing expenses    49,000   Prepaid expenses      9,000     
 Accounts receivable    23,000   Note payable - current    10,000     
 Accumulated depreciation    23,000   Administrative expenses    60,000     
 Accrued expenses      5,000   Common stock    50,000     
 Interest expense      5,000   Equipment  108,000     
 Inventory - current year    25,000   Accounts payable    13,000     
 Dividendsnone   Long-term note payable    45,000     
 Shares outstanding    50,000   Supplies    11,000     
             
Prior year:           
 Accounts receivable    18,000          
 Inventory    23,000   Beginning inventory      
 Total assets  174,000          
 Common stock    50,000     Goods available      
 Retained earnings    26,000          
 Shares outstanding    50,000      Cost of goods sold      
             
             
             
The Coffee Hut The Coffee Hut     
Balance Sheet Income Statement     
             
  Current    Current     
Current assets:   Revenue:   RatioAnalysis
         Current ratio  
         Quick ratio   
         Gross profit  Accounts receivable turnover   
         Inventory turnover   
     Expenses:  Debt to assets   
 Total current assets       Debt to equity   
Property, plant and equipment:       Return on sales   
         Asset turnover   
         Total expenses  Return on investment   
 Net equipment    Operating income  Return on equity   
     Other expenses:  Earnings per share   
 Total assets           
                      Net income      
Current liabilities:           
         If cost of goods sold is the only variable cost, and the contribution margin 
         per drink was $3.40, how many coffee drinks were sold during the year, 
         and what was the average selling price per drink? 
 Total current liabilities           
Long-term liabilities:       Number of drinks sold   
         Average selling price   
 Total liabilities           
Stockholders' equity:           
             
             
 Total stockholders' equity           
             
    • 8 years ago
    ACC201 Final Project Current year: Current year: Sales 540,000 Operating expenses 229,000 Inventory purchases 162,000 Cash 33,000 Sales and marketing expenses 49,000 Prepaid e
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