Ex 9-2 1 D 2 A 3 C 4 D 5 D 6 B 7 B 8 D 9 C 10 A Ex 13-1 1 B 2 D 3 C 4 A 5 C 6 D 7 D 8 B 9 A 10 A 9-10. MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit 1. DEPRECIATION EXPENSE Accrual 674300 BUILDINGS & EQUIPMENT Accural 674300 2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123 3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049 4. BONDS PAYABLE Accural 50000
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Information Given by Cash Flow Statements: A cash flow statement is a special document that is a mandated to be prepared by the accountants of any firm. Cash flow statements are nothing but the record of all the cash transactions that take place in a company. It is important for the financial statements of a company to make and have cash flow statements because the cash flow statements demonstrate the ability of a company to generate cash. The incoming and the outgoing cash are all recorded via
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described money flow as the extent at which money flows into in an organisation‚ usually made from effective spending and financing activities. The components of cash flow must be evident on a planner so that it will be understood easily on how it occurred exactly. According to Donaldson & Gerard (2005)‚ he stated that if cash is not observed carefully‚ the return which might have been planned might not be recognized by the organisation. So therefore‚ one needs to have the facts of how cash flows and integrate
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differences between the two statements as mentioned below: Meaning: Cash flow statement is a statement which reflects sources and uses of cash whereas fund flow statement is a statement that reflects changes in the working capital or fund. Scope: The scope of cash flow is limited and it is based on the narrow concept of fund. i.e. cash alone whereas funds flow statement is a broader term and it is a wider concept of fund. Component: Under cash flow statement‚ cash is an important factor and
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Score for selected take: 40% (4/10) Time spent on selected take: 1. Your answer: Multiple Choice 15-1 Cash inflows from operating activities come from a. payment for raw materials. b. gains on the sale of operating equipment. c. collection of sales revenues. d. issuing capital stock. e. issuing bonds. 2. Your answer: Multiple Choice 15-2 Cash outflows from operating activities come from a. collection of sales revenues. b. payment for operating costs
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Cash Flow Statements - Indirect method – Reconciliation for Cash from Operations –from Accrual profit to Cash generated. Accrual profit recorded items below that did not involve Cash Action to derive Cash Explanations and reasons for adjustments necessary to derive Cash from Operations [Profit making activities] 1 Depreciation buildings Add back Non cash expense that reduced profit 2 Proceeds from sale of Asset deduct Non cash gain or profit that increased profit 3 Carrying amount of Asset sold
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Profitability Ratios: How Profitable is the Company? Net sales/Net profit after taxes The information necessary to determine a company’s profit as a percentage of sales can be found in the company’s income statement. 1. Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚
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3. CFO>Capex? 4. CFO>Capex + Dividends 5. Excess Cash 6. Source of cash to pay Capex and/or Dividends 7. Were working capital accounts other than cash and cash equivalents primary sources of cash or users of cash? 8.What other major items affected cash flows? 1991 1. Major sources of cash are cash received from customers and proceeds from the issuance of common stock. Major uses of cash are cash paid to suppliers and employees and increase of accounts
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refine interpersonal/team skills‚ presentation skills and critical thinking. INSTRUCTIONS: Written Marketing Plan (Worth 20% of final grade) Using the concepts discussed in this course‚ develop a high-level marketing plan for the case provided. Page 5 outlines the rubric to follow to prepare your written plan. A written plan is due by Monday‚ March 31st and must be submitted to me by email Your written plan must be in PowerPoint structured as outlined in the rubric. Marks will be deducted for
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Week 5 checkpoint IT The credit card data theft at TJX Companies is considered one of the worst ever. The case is significant because of a lack of appropriate security and control. Resources: Ch. 7 & 12 of Essentials of Management Information Systems Answer the following questions in 200 to 300 words: •List and describe the security controls in place. Where are the weaknesses? The thieves used several entry points to access TJX corporation systems. They accessed many TJX’s retail
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