Accouting assignment

profileEva12345
fancyyachts_casestudy.xlsx
Home>Business & Finance homework help>Accounting homework help>Accouting assignment

Job_Profit_Loss

Fancy Yachts: Job Profit / (Loss)
LC:
Hull No. 70-07 Broker Info:
Customer Name: Third Party Buyer
Address
City, State, Zip
Phone
Commission:
Contract Date: 11/25/11 Sales Price
Base Boat: $ 1,450,000.00
Date Amount Options:
Deposits: 11/28/11 $ 145,000.00 Duty Fees:
4/22/12 $ 36,250.00 Discounts: $ - 0
5/22/12 $ 1,238,750.00 Adjustments:
5/22/12 $ 30,000.00 Total Sales Price: $ 1,450,000.00
Less: Factory Invoice $ 1,198,140.00
Gross Profit: $ 251,860.00
Total Deposit: $ 1,450,000.00
Less: Vend/Jost Cost $ 483,262.84
Total Sales Price $ 1,450,000.00 Less: Freight $ 70,000.00
Less Payments: $ (1,450,000.00) Net Profit/ (Loss) $ (301,402.84)
A/R $ - 0
Total Cost $ 1,751,402.84
Shipped Date:
Arrival Date:
Sales / Title Transfer 12/1/12

CashReceipt_Vistas, LLC

Date Line Description Amount
8/5/08 Initial deposit 163,000.00
5/7/09 progress deposit 100,000.00
6/1/09 progress deposit 63,000.00
11/5/09 progress deposit 25,000.00
11/6/09 progress deposit 25,000.00
11/12/09 progress deposit 15,000.00
11/13/09 progress deposit 30,000.00
11/25/09 progress deposit 20,000.00
11/27/09 progress deposit 10,000.00
3/16/10 reimbursement for duty/customs for importation of Davits 314.66
451,314.66
Deposits from 1st buyer

Fancy Yachts Cash Receipts Report Default Buyer

CashReceipts_NewBuyer

Date Line Description Amount
11/28/11 1st deposit 70-07 145,000.00
4/22/12 Payment direct to Broker commission 36,250.00
5/22/12 Deposit made directly to pay down LC 1,238,750.00
5/22/12 Prepaid Repair Account for warranty 3 yrs. 30,000.00
1,450,000.00
Deposits from 2nd buyer

Fancy Yachts Cash Receipts Sergi