30000
10000

0
0

10000
0

0

40000
10000

20000
10000

0
0

20000
10000

0

0
40000

60000
60000

200
200
300
300
300
300
1600

40
8000
8000
12000
12000
12000
12000
64000

5
1000
1000
1500
1500
1500
1500
8000

5
1000
1000
1500
1500
1500
1500
8000

15
3000
3000
4500
4500
4500
4500
24000

65
13000
13000
19500
19500
19500
19500
104000

0
100
100
250
250
500
1200

0
6500
6500
16250
16250
32500
78000

0
13000
19500
32500
35750
39000

10000
10000
15000
15000
15000
15000

3000
3000
4500
4500
4500
4500

13000
13000
19500
19500
19500
19500

13000
26000
39000
52000
55250
58500

0
-6500
-6500
-16250
-16250
-32500

13000
19500
32500
35750
39000
26000

120000

-78000

42000

-12500

-18000

-6000

-1000

4500

-500

4000

-1000

3000

Initial Balance Sheet (June 30) for PSA Corporation
ASSET
Cash and Marketable Securities
Receivables
Inventories
LIABILITIES AND EQUITY
Payables
Accrued Wages
Bank Loans
Other Current Liabilities
Total Current Asset
Total Current Liabilities
Gross Equipment
Less. Accumulated Depreciation
TABLE 4.1
Net Equipment
Building
Other Long Term Assets
Total Assets
Long Term Debts
Capital Leases
Total Long Term Liabilities
Owner Equity
Total Liabilities and Equity
TABLE 4.2
PSA Corporation Income Statement for the Six-Month Period
Ending December 31
Net Sales
Cost of goods sold
Gross Earnings
Marketing expenses
Depreciation expense
Building rental
Administrative expenses
Earning before interest anf taxes
Interest
Earning before taxes
Taxes (@25%)
Net Income
–
TABLE 4.3
PSA Corporation Production and Inventories Schedule
COST OF PRODUCTION SCHEDULE
COST PER UNIT
Production (units)
Production costs
Electronic parts
Connectors, etc.
Direct Labour
Direct labour
Plastic materials
Total cost
JUL
AUG
SEP
OCT
NOV
DEC
TOTAL
COST OF GOODS SOLD SCHEDULE
Sales (units)
Cost ($65/unit)
INVENTORY SCHEDULE
Beginning Finished Good
Production
Material
Additions
Total (Beginning+Additional)
Less: COGS
Ending Finished Goods
Assume you have…