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    Worksheet:: A. Critical Thinking: The Grade Computation For This Case Analysis Is 25% For

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    Francine Dominique Collantes
    This document is a case analysis worksheet asking the student to analyze a case about a student, Richard Cruz, opening a photocopying business near his high school. The student is asked to compute if Richard had a gain or loss in his business and explain their computation. They are also asked several brief questions about accounting definitions and applications.

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    Worksheet:: A. Critical Thinking: The Grade Computation For This Case Analysis Is 25% For

    Uploaded by

    Francine Dominique Collantes
    348 views2 pages
    This document is a case analysis worksheet asking the student to analyze a case about a student, Richard Cruz, opening a photocopying business near his high school. The student is asked to compute if Richard had a gain or loss in his business and explain their computation. They are also asked several brief questions about accounting definitions and applications.

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    a worksheet about FABM-1

    Original Title

    Worksheet (FABM 1)

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    This document is a case analysis worksheet asking the student to analyze a case about a student, Richard Cruz, opening a photocopying business near his high school. The student is asked to compute if Richard had a gain or loss in his business and explain their computation. They are also asked several brief questions about accounting definitions and applications.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    348 views2 pages

    Worksheet:: A. Critical Thinking: The Grade Computation For This Case Analysis Is 25% For

    Uploaded by

    Francine Dominique Collantes
    This document is a case analysis worksheet asking the student to analyze a case about a student, Richard Cruz, opening a photocopying business near his high school. The student is asked to compute if Richard had a gain or loss in his business and explain their computation. They are also asked several brief questions about accounting definitions and applications.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Name: _____________________________________

    Worksheet: Grade and Section: __________________________________

    Rubrics in Checking Essays: Content = 30%, Understanding/Application = 35%,


    Original Thinking = 35%, Structure = 10% and Grammar = 10%.

    A. Critical Thinking: The grade computation for this case analysis is 25% for
    the computation and 5% for explanation.

    I. Case Analysis: Analyze the case and determine if he gain of loss? Show
    your computation and explain.
    After graduation from high school, Richard Cruz decided to put up
    photocopying business because there was none near the vicinity of the school.
    Students had to walk far just to go to the nearest photocopying center. Richard
    knew that the demand for photocopying service among high school students was
    high because teachers often assigned readings and lecture notes that should be
    photocopied.
    Richard opened his photocopying business on August 1, 2019. He rented
    a commercial space located in front of the high school gate for ₱5,000.00 per
    month. He also borrowed ₱50,000.00 (without interest) from his father to buy a
    brand-new photocopying machine costing ₱30,000.00 and to pay for other start-
    up expenses. He planned to pay, thus, ₱50,000.00 in four years. From his
    personal savings, Richard spent ₱10,000.00 for supplies like bond papers,
    staplers, paper clips, and other supplies that would need in his business. He also
    paid ₱2,000.00 for business permits and licenses. And because Richard had to
    attend to his classes in a nearby university, he hired a staff with a weekly salary
    of ₱1,000.00 to operate the business. Richard planned to visit his photocopying
    shop after his class every day to check on it.
    II. Collaboration and Communications:
    Please answer the following questions briefly. (5 points each)

    1. Define what is accounting? How accounting used in our daily


    activities?

    2. In your community, give examples of decisions or questions that can


    be supported by accounting information.

    3. What is the nature of accounting?

    4. Give examples where accounting is used as aid in performing the


    management functions.

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