Plus Minus
Here, we can examine the total
company's yearly revenue.
Gains and profitability have
been evident.
This demonstrates that Services
Inc. made 651,990.00 in revenue
in 2019 and 514,745.00 in
revenue in 2020. Additionally,
the sum of their obligations and
owner equity equals the value of
their assets. Meaning that
because of their debts, this
company is already bankrupt.
Interesting
Although they are continuously making gains, their service
company lacks any assets that could serve as collateral for a loan
should they ever become eligible.
Plus Minus
It displays the earnings and
expenses for Wendy Services Inc.
The financial statement for
Wendy Services Inc. displays net
income for the entire year,
showing whether there was a
profit or loss.
Given the financial position, the
income statement is same because
service revenue of $90,000 in
2019 and $60,000 in 2020 were
cancelled. Then, pay attention to
their net sales as they had 500,000
in 2019 but only 250,000 in
20202. This indicates that the year
2020 is getting closer.
Interesting
We shall examine Wendy Services Inc.'s net income for the year
using the financial statement.
My Decision
I've decided to utilize
Wendy's services.
Despite evidence to the
contrary, I believe I can
operate the firm better
with the right
management and
abilities.
BM2211
07 Activity 1 *Property of STI
Page 1 of 2
Names: Mark Kenneth H. Pangyarihanm Section: BSIT 1B Date
: October 25, 2022
P-M-I CHART
Instruction: Respond to the scenario below by using the P-M-I Chart. Write your answers in the spaces
provided. (20 points)
In the Interesting box, write some facts about the specific financial statement.
Scenario: Shark Loans received a request for a construction loan from Wendy Services Inc. This
construction loan will be used to build their fifth branch in Pasay. The company submitted its balance
sheet and income statement. Help Shark Loans choose which financial statement they would use as a
basis on whether they will accept or reject Wendy Services Inc.'s request. Refer to Page 2. Justify your
decision.
Response 1: Statement of Financial Position Response 2: Income Statement
