Page 23 - JAG CP 2020-2021 Annual Report 1

FINANCE

Statement of Financial Activities
(Balance Sheet)
Statement of Activities
(Profit or Loss) Book Value of Stock
Assets
Total Income $5,200.00 Cash $2,950.53 Net Profit $2,622.53
Expenses Liabilities Capital Stock $120.00
Sales Tax $208.00 Sales Tax $208.00
COGS $1,746.19 Total Liabilities $208.00 Total $2,742.53
Materials $184.71 Owners Equity
Wages $264.00 Owners Investment $120.00
Online Store Fees $74.57 Retained Earnings $2,622.53 Number of Stockholders 24
Pillowcase Drive $100.00 Total Owner Equity $2,742.53 Book Value of Stocks $114.27
Total Expenses $2,577.47 Total Liabilities & $2,950.53
Net Profit $2,622.53 Owner Equity Return on Investment 2,400 %

LIQUIDATION REPORT

Criteria Actual JA Company Program Standards

Wages $264.00 Wages are based on JA Standards of $0.50 per hour for employees.

The actual amount represents a total of 22 hours of labor paid for 24
members.

Profit after $2,622.53 Calculated from total revenues of $5,200.00 less expenses $2,577.47.

Taxes

Returns to $114.27 Derived from the Book Value of 24 stocks sold.
Stockholders

Average 45% Based on Meetings and Trade Fairs.
Attendance

Sales Income $5,200.00 Calculations based on 32 Filluv Cases sold at $20 per unit and 152 Filluv
Cases sold at $30 per unit.

Company $4,000.00 Our original sales goal was to sell 200 Filluv Cases at $20.00 per unit.
Sales Goals

Financial Sales 130% Financial Sales goal was exceeded by 30%.
Goal Attained

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