The problem describes the initial financial situation of Mr. NDOYE's company on 1/1/N and its operations during January. It asks us to determine the company's net worth on 1/1/N, present the balance sheet on 1/1/N, determine the elements of the net worth at the end of January and calculate its value, create an income statement for January, and present the balance sheet on 31/1/N. All amounts are in F (presumably Francs).

1. Problem Description

The problem describes the initial financial situation of Mr. NDOYE's company on 1/1/N and its operations during January. It asks us to determine the company's net worth on 1/1/N, present the balance sheet on 1/1/N, determine the elements of the net worth at the end of January and calculate its value, create an income statement for January, and present the balance sheet on 31/1/N. All amounts are in F (presumably Francs).

2. Solution Steps

a) Net Worth on 1/1/N:

Net worth is calculated as Assets - Liabilities.

Assets include:

- Immobilisation (Truck): $12,000,000$ F

- Accounts Receivable: $3,500,000$ F

- Cash: $1,500,000$ F

Total Assets: $12,000,000 + 3,500,000 + 1,500,000 = 17,000,000$ F

Liabilities include:

- Accounts Payable: $1,750,000$ F

- Loan: $2,000,000$ F

Total Liabilities: $1,750,000 + 2,000,000 = 3,750,000$ F

Net Worth = Assets - Liabilities = $17,000,000 - 3,750,000 = 13,250,000$ F

b) Balance Sheet on 1/1/N:

Assets:

- Immobilisation (Truck): $12,000,000$ F

- Accounts Receivable: $3,500,000$ F

- Cash: $1,500,000$ F

Total Assets: $17,000,000$ F

Liabilities:

- Accounts Payable: $1,750,000$ F

- Loan: $2,000,000$ F

Equity:

- Net Worth: $13,250,000$ F

Total Liabilities and Equity: $1,750,000 + 2,000,000 + 13,250,000 = 17,000,000$ F

c) Net Worth at the end of January:

First, calculate the changes in assets and liabilities during January.

Changes in Assets:

- Services billed to customers: +$3,600,000$ F (Accounts Receivable increases)

- Cash received from customers: +$4,500,000$ F

- Depreciation: -$200,000$ F (Vehicle value decreases)

Changes in Liabilities:

- Payment to suppliers: -$1,500,000$ F

Expenses:

- Supplies: $150,000$ F

- Rent: $300,000$ F

- Salaries: $1,200,000$ F

- Insurance: $125,000$ F

- Taxes: $250,000$ F

- Depreciation: $200,000$ F

Total Expenses: $150,000 + 300,000 + 1,200,000 + 125,000 + 250,000 + 200,000 = 2,225,000$ F

Revenues: $3,600,000$ F

Profit = Revenues - Expenses = $3,600,000 - 2,225,000 = 1,375,000$ F

Net worth at the end of January = Initial Net Worth + Profit = $13,250,000 + 1,375,000 = 14,625,000$ F

d) Income Statement for January:

Revenues:

- Services Billed: $3,600,000$ F

Expenses:

- Supplies: $150,000$ F

- Rent: $300,000$ F

- Salaries: $1,200,000$ F

- Insurance: $125,000$ F

- Taxes: $250,000$ F

- Depreciation: $200,000$ F

Total Expenses: $2,225,000$ F

Net Income (Profit): $3,600,000 - 2,225,000 = 1,375,000$ F

e) Balance Sheet on 31/1/N:

Assets:

- Immobilisation (Truck): $12,000,000 - 200,000 = 11,800,000$ F

- Accounts Receivable: $3,500,000 + 3,600,000 - 4,500,000 = 2,600,000$ F

- Cash: $1,500,000 + 4,500,000 - 150,000 - 300,000 - 1,200,000 - 125,000 - 250,000 - 1,500,000 = 2,475,000$ F

Total Assets: $11,800,000 + 2,600,000 + 2,475,000 = 16,875,000$ F

Liabilities:

- Accounts Payable: $1,750,000 - 1,500,000 = 250,000$ F

- Loan: $2,000,000$ F

Equity:

- Net Worth: $14,625,000$ F

Total Liabilities and Equity: $250,000 + 2,000,000 + 14,625,000 = 16,875,000$ F

3. Final Answer

a) Net Worth on 1/1/N: $13,250,000$ F

b) Balance Sheet on 1/1/N (See solution above)

c) Net Worth at the end of January: $14,625,000$ F

d) Income Statement for January (See solution above)

e) Balance Sheet on 31/1/N (See solution above)