Formulas Flashcards
Retained Earnings
Beginning RE + Net Earnings - Dividends Declared = End RE
Average # of Shares
(Beg. + End) / 2
AFDA
Beg. Balance - write-off + bad debt expense = end. balance
Contributed Capital
Beg. CC + Issuance of Shares = End CC
Retained Earnings
Beg. RE + Net Earnings - Dividends Declared = End. RE
Net Realizable Value of Accounts Receivable
Accounts Receivable - AFDA
Cost of Sales Equation
COS = BI + P - EI
Capital Gain (or Loss)
= selling price minus selling expenses - cost base
Interest for the period
Principal x Annual interest rate x # of months / 12 months
Working Capital
Current Assets - Current Liabilities
Standby Charge
2% x Cost x Months Driven
Operating Cost Benefit
$0.33 x km driven for personal use
Cash received from customers (for liabilities questions)
Beg. Balance + Cash received from customers - Warranty revenue = Ending balance
Capital Cost Allowance (CCA)
= Undepreciated Capital Cost x Fixed Rate
ROA Profit Driver Analysis
