University of Nairobi to The Blue Cylindrical Company Ltd Business Accounting Paper

Description

  • Prepare journal entries relating to the transactions or events noted above
  • Prepare a trial balance
  • Prepare an income statement for the current year
  • Prepare a balance sheet reflecting the current financial position of BCCL
  • Comment of valuation of patents and the presence of artwork as they appear in the balance sheet, and make any recommendations you deem appropriate. (Limit: 300 words)
  • Calculate the contribution margin per unit (Limit: 300 words)
  • Calculate the break-even units
  • Comment on BCCL’s operating leverage. Be sure to comment on how changing market or environmental conditions might impact upon their business. (Limit: 350 words)