The problem presents the financial situation of the company NGOM on January 1st and the operations carried out during January. We are asked to calculate: 1. The value of the company's assets on January 1st.

1. Problem Description

The problem presents the financial situation of the company NGOM on January 1st and the operations carried out during January. We are asked to calculate:

1. The value of the company's assets on January 1st.

2. The balance sheet on January 1st.

3. The value of the company's assets at the end of January and the profit for January.

4. The income statement and balance sheet at the end of January.

2. Solution Steps

1. Value of the patrimony (net worth) on 1/1/N:

The patrimony is the difference between assets and liabilities.

Assets = Materials in service + Stock + Cash

Assets = $2,500,000 + 3,500,000 + 1,200,000 = 7,200,000 F$

Liabilities = Amount owed to suppliers + Loan

Liabilities = $1,800,000 + 4,000,000 = 5,800,000 F$

Patrimony = Assets - Liabilities

Patrimony = $7,200,000 - 5,800,000 = 1,400,000 F$

2. Balance Sheet on 1/1/N:

Assets:

Materials in service: 2,500,000 F

Stock: 3,500,000 F

Cash: 1,200,000 F

Total Assets: 7,200,000 F

Liabilities:

Suppliers: 1,800,000 F

Loan: 4,000,000 F

Total Liabilities: 5,800,000 F

Equity:

Patrimony: 1,400,000 F

Total Liabilities and Equity: 7,200,000 F

3. Patrimony at the end of January and profit:

First, let's calculate the change in assets:

Beginning Stock: 3,500,000 F

Purchases: 6,000,000 F

Sales: 8,000,000 F

Ending Stock: 4,500,000 F

Goods sold: $3,500,000 + 6,000,000 - 4,500,000 = 5,000,000 F$

Cost of Goods Sold (COGS): 5,000,000 F

Change in Materials:

Beginning: 2,500,000 F

Depreciation: 100,000 F

Ending: 2,400,000 F

Change in Cash:

Beginning: 1,200,000 F

Customer Payments: 4,000,000 F

Operating Expenses: -2,200,000 F

Payments to Suppliers: -2,500,000 F

Loan Repayment: -240,000 F

Ending Cash: $1,200,000 + 4,000,000 - 2,200,000 - 2,500,000 - 240,000 = 260,000 F$

Final Assets:

Materials: 2,400,000 F

Stock: 4,500,000 F

Cash: 260,000 F

Accounts Receivable : 8,000,000 F - 4,000,000 F = 4,000,000 F (Sales - Cash Collections)

Total Assets: $2,400,000 + 4,500,000 + 260,000 + 4,000,000 = 11,160,000 F$

Change in Liabilities:

Beginning Suppliers: 1,800,000 F

Purchases: 6,000,000 F

Payments to Suppliers: 2,500,000 F

Ending Suppliers: $1,800,000 + 6,000,000 - 2,500,000 = 5,300,000 F$

Loan: 4,000,000 F - 240,000 F = 3,760,000 F

Interest Paid: 40,000 F

Final Liabilities: $5,300,000 + 3,760,000 = 9,060,000 F$

Final Patrimony: $11,160,000 - 9,060,000 = 2,100,000 F$

Profit = Final Patrimony - Initial Patrimony

Profit = $2,100,000 - 1,400,000 = 700,000 F$

4. Income Statement and Balance Sheet at the end of January.

Income Statement:

Sales: 8,000,000 F

Cost of Goods Sold: 5,000,000 F

Gross Profit: 3,000,000 F

Operating Expenses: 2,200,000 F

Depreciation: 100,000 F

Interest Expense: 40,000 F

Net Profit: $3,000,000 - 2,200,000 - 100,000 - 40,000 = 660,000 F$

Balance Sheet:

Assets:

Cash: 260,000 F

Accounts Receivable: 4,000,000 F

Stock: 4,500,000 F

Materials: 2,400,000 F

Total Assets: 11,160,000 F

Liabilities:

Accounts Payable (Suppliers): 5,300,000 F

Loan: 3,760,000 F

Total Liabilities: 9,060,000 F

Equity:

Retained Earnings (beginning): 1,400,000 F

Net Profit: 700,000 F

Total Equity: 2,100,000 F

Total Liabilities and Equity: 11,160,000 F

3. Final Answer

1. The value of the company's assets on January 1st is 1,400,000 F.

2. See the solution for the balance sheet on January 1st.

3. The value of the company's assets at the end of January is 2,100,000 F and the profit for January is 660,000 F (using the income statement method) or 700,000 F (using the balance sheet method). The difference is due to retained earnings.

4. See the solution for the income statement and balance sheet at the end of January.