Home
HOW IT WORKS
ABOUT US
FAQ
CONTACT US
My account
Order now
Order Now
Acme office cleaning services | Business & Finance homework help
ACME Office Cleaning Services
Balance Sheet
As of 12/31
Year 1
Year 2
Year 3
Year 4
Year 5
Current Assets:
Cash
26.058
22.100
40.647
78.995
57.879
Accounts Receivable
15.212
18.406
38.532
37.888
33.759
Investments – Marketable securities
20.000
20.000
20.000
–
–
Supplies Inventory
34.430
11.822
29.350
38.039
77.368
Prepaid Rent
7.403
8.059
8.735
9.273
9.985
Total current Assets
103.103
80.387
137.264
164.195
178.991
Property:
Cleaning Equipment
43.000
43.000
41.000
62.000
80.000
Vans
130.000
130.000
130.000
145.000
160.000
Office Furniture
15.000
16.000
16.000
17.000
17.000
Office Equipment
12.000
12.000
12.500
13.000
13.200
Total Property, Plant & Equipment
200.000
201.000
199.500
237.000
270.200
Less Accumulated Depreciation
(60.067)
(120.334)
(180.034)
(194.267)
(219.500)
Net Property, Plant & Equipment
139.933
80.666
19.466
42.733
50.700
Other Assets:
Rent Deposit
5.000
5.000
5.000
7.000
7.000
Long term investments
–
30.000
50.000
–
–
Total Other Assets
5.000
35.000
55.000
7.000
7.000
Total Assets
248.036
196.053
211.730
213.928
236.691
Current Liabilities:
Accounts Payable
42.377
5.123
38.050
52.215
77.128
Accrued Wages Payable
1.641
952
2.350
2.672
2.755
Short-Term portion of L.T. Debt
18.188
19.309
20.500
21.765
23.107
Total Current Liabilities
62.206
25.384
60.900
76.652
102.990
Long-Term Liabilities:
Long-Term Note Payable
84.681
65.372
44.872
44.872
–
Total Long-term Liabilities
84.681
65.372
44.872
44.872
–
Total Liabilities
146.887
90.756
105.772
121.524
102.990
Equity:
Retained Earnings
21.149
25.297
25.958
34.169
70.701
Janet Janitorial, Equity
80.000
80.000
80.000
80.000
80.000
Total Equity
101.149
105.297
105.958
114.169
150.701
Total Liabilities & Equity
248.036
196.053
211.730
235.693
253.691
ACME Office Cleaning Services
Income Statement
Year ended 12/31
Year 1
Year 2
Year 3
Year 4
Year 5
Revenues:
Sales
398.769
489.112
540.493
471.837
572.544
Expenses:
Cleaning Supplies
57.812
62.005
69.542
67.900
82.150
Advertising & Promotion
13.567
8.554
10.381
12.888
7.391
Bad Debt Expense (write offs)
542
1.855
203
3.511
5.184
Bank Charges
1.822
2.650
2.001
3.225
1.881
Depreciation
60.067
60.267
59.700
14.233
25.233
Insurance
4.851
5.387
5.911
6.744
6.399
Interest Expense
6.734
5.677
8.500
3.365
2.100
Legal & Professional
3.200
7.988
9.433
10.573
5.544
Miscellaneous
451
826
155
2.736
3.928
Office Supplies
6.100
4.722
9.025
9.487
7.711
Payroll Taxes
19.176
24.517
26.875
26.151
32.887
Rent Expense
26.400
27.600
28.800
30.000
33.600
Repairs & Maintenance
6.712
12.542
10.615
15.228
7.000
Administrative labor
35.000
35.700
36.414
40.055
44.061
Direct Labor
124.800
151.625
187.542
177.872
206.853
Telephone
2.216
3.344
3.575
7.392
5.000
Travel
2.378
2.568
3.157
3.508
3.028
Utilities
5.792
7.137
8.003
4.758
8.062
Total Expenses
377.620
424.964
479.832
439.626
488.012
Net Income (Loss)
21.149
64.148
60.661
32.211
84.532
Connect with a professional writer in 5 simple steps
Please provide as many details about your writing struggle as possible
Academic level of your paper
High School
Undergraduate
Masters
PhD
Type of Paper
Essay (Any Type)
Essay (Any Type)
Article (Any Type)
Assignment
Content (Any Type)
Admission Essay
Annotated Bibliography
Argumentative Essay
Article Review
Book/Movie Review
Business Plan
Capstone Project
Case Study
Coursework
Creative Writing
Critical Thinking
Dissertation
Dissertation chapter
Lab Report
Math Problem
Research Paper
Research Proposal
Research Summary
Scholarship Essay
Speech
Statistic Project
Term Paper
Thesis
Other
Presentation or Speech
Q&A
speech work
When is it due?
8 Hours
8 Hours
12 Hours
16 Hours
24 Hours
2 Days
3 Days
6 Days
8 Days
10 Days
14 Days
25 Days
20 Days
30 Days
60 Days
How many pages is this assigment?
United States +1
Next