Cash Essays & Research Papers

 1.QQ公司民國 ×3年8月底現金帳面餘額 $834,000，銀行對帳單餘額 $827,206。在檢查相關帳冊與資料後發現下列事項： (1) 公司於8月31日存入由台新銀行付款的支票一張 $77,600，銀行尚未入帳。 (2) 代收支票款 $39,000，銀行於8月24日入帳，而實踐公司尚未入帳。 (3) 代收票據手續費 $34，銀行於當日扣付，但公司未入帳。 (4) 存款利息 $3,600，銀行於8月31日入帳，公司未入帳。 (5) 公司已開立但未兌現支票計有： #331 $10,000 #332 $16,710 #347 $11,530 試作QQ公司8月底之銀行調節表(16%)及必要之調整分錄(4%)。 2. On October 1, 2008, TSMC Company establishes an imprest petty cash fund by issuing a check for $200 to Mary Mann, the custodian of the petty cash fund. On October 31, 2008,...

Section B Cash Budget Table of contents Introduction 2 Cash Management 2 Cash 2 Budget 3 Cash budget 3 Identify Cash Management 4 Construction sector 5 Conclusion 9 Reference 10 Introduction Cash management in this economic environment is crucial. Cash is the life-blood of any business. As the saying goes, “Cash is king”. With so many banks tightening credit standards due to what’s happening in the credit markets or within their own lending portfolios, it is...

Scenario E4-5 A) List the weaknesses in internal control over cash disbursements. 1) Checks are not pre-numbered. When checks have no numbers, no one will know if a check is misplaced or stolen. 2) Too many people are authorized to sign checks. The treasurer should be the only person authorized. 3) Checks are not being kept in a safe area. A filing cabinet, even a locked one can be easily pried open and checks stolen. 4) Segregation of duties is not being done, the purchasing agent...

MANAGEMENT OF THE CASH POSITION by Bernie J. Grablowsky Modem cash management methods, especially those usually presented in college textbooks and classrooms, are generally neither understood by most small-business managers nor applicable to the vast majority of their businesses. Not only do these managers often have difficulty in comprehending sophisticated forecasting techniques, but the cash flows of their companies are usually dependent upon fewer customers and a smaller number of product...

NEGROS OCCIDENTAL ELECTRIC COOPERATIVE (NOCECO) Kabankalan City, Negros Occidental POLICY NO. C3-2015 POLICY ON THE COOP CASH RECIEIPTS I. RATIONALE: This policy defines the responsibilities of the Tellers, Collection Officers, Area Managers, Treasury Division Chief, Bookkeeper-Cash Receipts, Finance Manager and Data Administrators who handles specifically the cooperative cash and its report. Further, this policy represent collections arising from power bills, excess cash advances and...

Control of Cash Disbursements Control of cash disbursements is important for companies as most large thefts occur from payment of fictitious invoices. One key to controlling cash disbursements is to require all expenditures to be made by check. The only exception is small payments made from petty cash. Another key is to deny access to the accounting records to anyone other than the owner who has the authority to sign checks. A small business owner often signs checks and knows from personal...

Instructions for Blockbuster Effective 2005, Blockbuster began a new policy of no late fees. In late 2005, Blockbuster was experiencing financial distress and needed emergency financing to stay afloat. The stock price dropped from $12 to $4, and the debt traded as junk. Question 1: Analyze the soundness of the decision, given the contribution that late fees made to prior years’ results. Does an analysis of the company’s cash flows support or refute the company’s decision? What you...

THE BASIC CASH MANAGEMENT PROCESS Every company can be viewed as a cash pool into which funds flow from various sources. Several techniques are used to speed the collection of such funds. Conversely, cash flows out of the pool for payables and other disbursement reasons. An important aspect of cash management is to control tightly both cash inflows and outflows. When cash inflows exceed cash outflows, surplus cash builds up. This surplus can be used to repay debts or for investment in...

Analyse the cash flow and highlight any problems that are evident such as a shortage of cash and any other cash flow problems his business might experience. (M1) In P3, a cash flow forecast for John Adams was created. A cash flow forecast is a simple statement showing opening balance, cash in, cash out and closing balance. Cash flow forecast are usually compiled on a month by month basis, for up to twelve months ahead. The exact contents of an individual firm’s cash flow forecast will depend on...

CHAPTER ONE INTRODUCTION 1. Background of the Study For having sufficient amount of capital, cash is the most important source of every aspect of investment. To improve the performance of the business as well as to introduce new business opportunity in the organization cash is very important. Since cash is the most powerful working capital component, the collection and payment of cash must be studied carefully. Therefore, this project tries to show how cash is controlled and managed...

Chapter 12 Problems 1. Cash flow (LO2) Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $50,000, and that it has a 30 percent tax bracket. Compute its cash flow using the format below. Earnings before depreciation and taxes _____ Depreciation _____ Earnings before taxes _____ Taxes @ 30% _____ Earnings after taxes _____ Depreciation...

Petty cash fund is a relatively small amount of cash that businesses keep on hand for the purpose of small transactions such as providing change to customers, postage expenses, highway tolls etc. In such transactions, the use of checks is time consuming, costly or illogical. Usually a custodian is appointed to administer the petty cash and it is his/her duty to account for the expenses incurred out of petty cash fund. Whenever the custodian makes any payment from the fund to an employee or a...

2012 Technical Summary IAS 7 Statement of Cash Flows as issued at 1 January 2012. Includes IFRSs with an effective date after 1 January 2012 but not the IFRSs they will replace. This extract has been prepared by IASC Foundation staff and has not been approved by the IASB. For the requirements reference must be made to International Financial Reporting Standards. The objective of this Standard is to require the provision of information about the historical changes in cash and cash...

Petty Cash System Review (last 12 months) |Issue / Potential for Fraud |Fraud Rating |Date Incident Occurred |Notes | |No policy or procedures written up.|1 |Listed in the breakdowns below. |Many of the incidents or potential for fraud could be eliminated if there were documented | | | |...

Managing Finance Cash Management Learning Objectives 1. Describe the various receipts and payment 2. Explain the difference between cash flow and profit 4. Explain the difference between cash flow accounting and accruals accounting 5. Understand why a company holds cash. 6. Explain various cash management objectives and decisions. BM059-3-2-MF Managing Finance Cash Management Slide 2 of 56 Learning Objectives 6. Describe the role of treasury function 7. Understand management of surplus...

1. Initial cash flow at t=0: Purchase: -$700,000 Shipping and installation: -$100,000 Depreciable basis = $800,000 Old machine after taxes = $120,000 - ($120,000-$80,000)(.40) = $104,000 Initial Cash flow = -$800,000 + $104,000 = -$696,000 Depreciation: Year 1: $800,000 * .3333 = $266,640 Year 2: $800,000 * .4445 = $355,600 Year 3: $800,000 * .1481 = $118,480 Year 4: $800,000 * .0741 = $59,280 Yearly revenue change: Decrease operating expenses of $90,000 Incremental net cash...

CASH FLOW CYCLE Cash flow is referred to be the single most serious concern of the SME (small and medium-sized enterprise). It is simply the inflow and outflow movement of money in the business. The effect of cash flow is real and needs to be protected. There are four principles in cash management: - The first is cash needs to be tracked and captured. It needs to be in a controlled process. - Second, cash management is an important part of the business cycle. - Third, you need information...

 a) ASC 830-230-55-1: This reference shows how to format and account for cash flows when a company has subsidiaries operating in foreign countries. It gives an example of a consolidated cash flow statement from a US based company and its two subsidiary companies. The reference explains how excess cash should be disclosed. A majority of the reference deals with the local currency and how it should be shown with the parent company, in this case a US company based on the dollar. So for both...

 1. Week 8 / Checkpoint The differences between direct and indirect that they involve the way Cash Flow are from operations of activities. This I do recall is the first part of the Cash Flow Statement. The differences are to each are to follow. Direct Presentation: involves the cash flows in which analyze the company results and uses of cash. There are three parts that report cash receipts and cash payments. These parts are operations, investments, and finance transactions....

(11-7) New-Project Analysis You have been asked by the president of your company to evaluate the proposed acquisition of a new spectrometer for the firm’s R&D department. The equipment’s basic price is $70,000, and it would cost another $15,000 to modify it for special use by your firm. The spectrometer, which falls into the MACRS 3-year class, would be sold after 3 years for $30,000. Use of the equipment would require an increase in net working capital (spare parts inventory) of $4,000....

8. Year 0 Year 1 Year 2 Taxable income $9,100 $10,250 $15,300 Marginal tax rate .30 .30 .30 Tax $2,730 $3,075 $4,590 Revenue $13,000 $16,250 $23,400 Expenses (4,250) (8,000) (8,100) Tax cost (2,730) (3,075) (4,590) Net cash flow $6,020 $5,175 $10,710 Discount factor (6%) .943 .890 Present value $6,020 $4,880 $9,532 NPV $20,432 11. a. Year 0 Year 1 Year 2 Year 3 Year 4 Before-tax cash flow $(500,000) $52,500 $47,500 $35,500 $530,500 Tax cost...

FIN 441 Assignment 1: Airbus Case Write a report on the Airbus A3XX. In 750 to 1600 words, address the following questions: 1. Why is Airbus interested in building the A3XX—what are the favorable characteristics of the plane and what would be likely benefits to Airbus? 2. A. How many aircraft does Airbus need to sell each year in order to break even (in NPV) on this investment? The assigned assumptions for this calculation are described at the end of the assignment. B. Where...

Why has the value of cash increased over time? * Thomas W. Bates Arizona State University Thomas.Bates@asu.edu Ching-Hung (Henry) Chang Arizona State University Ching-Hung.Chang@asu.edu Jianxin (Daniel) Chi University of Nevada, Las Vegas Daniel.Chi@unlv.edu First Draft: January 2011 This Draft: December 2011 Abstract: The value of cash holdings by U.S. non-financial firms has increased significantly over the past three decades. An additional dollar of cash holdings is valued at $0.61...

This paperwork includes FIN 571 Week 6 Furniture Store Recommendation Cash Per Forma Resource: The Guillermo Furniture Store Scenario or your own organization, with the approval of your instructor, for this assignment Write a paper in no more than 2,100 words that analyzes Guillermo’s alternatives and make a recommendation of a financial decision. The paper must also include a justification for your recommendation. Create a pro forma cash flow budget for the...

Chapter 1 Background of the organization Establishment Addis Ababa Housing Construction Project Office (AAHCPO) is one of the Units administered by the City Government of Addis Ababa. The Project Office is an independent unit empowered by the City Government to construct standardized houses using cost effective technologies in the existing and expansion areas of the City. As indicated in the directive No 1/2001 (E.C.) article 6 with reference to the Project Office Establishment Proclamation...

ACCM 4000 Accounting Principles Trimester 3, 2014 Tutorial 9 - Solutions Tutorial 9 Questions: Week beginning: 26/01/2015 Chapter 10 – Discussion Questions 1, 2, 6, & 8 Exercises 10.2, 10.3, 10.7, 10.9 & 10.10 Problems 10.7, 10.9 © John Wiley & Sons Australia, Ltd 2012 7.1 Solutions Manual to accompany Accounting 8e by Hoggett et al CHAPTER 10 CASH MANAGEMENT AND CONTROL DISCUSSION QUESTIONS SOLUTIONS 1. Explain the limitations of balance sheets, income statements and cash flow...

R E P R I N T N ° The Experience Curve Reviewed a function of market share because of the experience curve effect. CASH GENERATION (Market Share) IV. The Growth Share Matrix or The Product Portfolio High High Many “businesses” require far more cash input than they can ever generate. A few businesses generate far more cash than they can profitably reinvest. A few businesses are selfsufficient in cash flow. Over time they will become much larger and also large net generators of cash. Most...

Gap analysis is a technique of asset-liability management that can be used to assess interest rate risk or liquidity risk. Implementations for those two applications differ in minor ways, so people distinguish between interest rate gaps and liquidity gaps. This article discusses both. Gap analysis was widely adopted by financial institutions during the 1980s. When used to manage interest rate risk, it was used in tandem with duration analysis. Both techniques have their own strengths and...

Unit 3 Task 7 D1 Evaluate how cash flows and financial recording systems can contribute to managing business finances. Cash flow relates to the amount of money received and spent in a given period. Business can have cash flow problems when the business spends too much money than they receive or because some people who owe them money have not paid their bills when they should. To avoid these problems to occur businesses should make sure they prepare a cash flow forecast. Cash flow forecast...

Assignment 8.1 Handout 1. Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records. Requirements R1. Which objective is most important? R2. Which must the internal controls accomplish for the business to survive? Give your reason. 2. The Sarbanes-Oxley Act affects public companies. Requirement R1. How does the Sarbanes-Oxley Act relate to internal controls? Be specific. 3. Separation...

IEB matric accounting project 1 , internal control of a bakery Cassandra Porritt Grade 12G Accounting :Internal control report 1. There was always a camera survalence system as a control measure but Spar took this internal control and made it more effective by employing hearing impaired people rather than people with normal hearing abilities to monitor the tape for any...

TAYLOR EVANS address 4329 East Coldwater Road Flint Mi, 48506 tel 810.280.1783 email evanstaylor@gmail.com Profile I am a self motivated, dedicated, and ambitious individual. Although I have a great deal of experience in the food and restaurant industry, I am always looking to broaden my knowledge in other industries. I get along well with others, while also working efficiently on my own. I am seeking a position where I can develop and excel while giving my best to an employer. Experience...

Internal control ACCT504 Financial accounting and Managerial use, analysis Keller Graduate school of Management Professor : Linval Frazer Week 5: Case study 2 Friday , April 4, 2014 Preparing LJB’s Internal Control Reporting for Public Trading Background LJB Company , a small business local distributor who understands to go public in the future, the company should be in accordance with the law and may need to take more stringent internal control principles . At the request of...

Page 335 Quick Study 8-6 1. For each of the following items, indicate whether its amount (i) affects the bank or book side of a bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation: a. Outstanding checks- affects the bank side and represents a subtraction in a bank reconciliation b. Debit memos- affects the book side and represents a subtraction in a bank reconciliation c. NSF checks- affects the book side and represents a subtraction in a bank...

A. FOREWORD On current term where technology and system is information has wented places that so quick, have revamped each'''s transaction processing finance transactions of earlier one manual to process computerised one. This causes a lot of entitas carries on business to have gets to conform to that change. Since that change have made environmentally emulation at any given industry gets competitive, where if an entitas not at support by good Information System therefore entitas that...

Amanda Dundee BEANO CASE QUESTIONS 1. Harris’s partnership proposal is not fair for Smith. He completely revised the original investment amount and loan deal that they had original discussed. He is asking to raise his share to 49%, which would pose many problems for Smith in the control of the company. Giving Harris that high of a stake in the franchise would be giving him a lot more money, and half of the control. Smith would be dependent on Harris, and if something suddenly happened...

CHAPTER 1 – REVENUE SYSTEM A. CASH REVENUE (CASH RECEIPTS) SYSTEMS I. Policies 1. All cash receipts shall be covered with pre-numbered Official Receipts issued in sequential manner. 2. All cash collections must be kept in a safe drawer separate from other funds. 3. All collections must be deposited intact at the end of the day or the next banking day. 4. A Daily Collection Report (DCR) shall be prepared covering all collections and deposits....

Builders of Today, Heroes of Tomorrow I. Project Title: “Builders of Today, Heroes of Tomorrow” II. Project Proponent: Thomasian Youth Builders (TYB) III. Project Rationale: In line with the organization’s mission and vision, the Thomasian Youth Builders, in partnership with is Habitat for Humanity, is planning to have a youth build together with its members. This activity aims to lend a helping hand to the partner community. It also seeks to make the youth of today be aware regarding...

Admin & Personnel Executive –Job Task ADMIN No 1 Description Attend in coming call. a) Transfer the call to staff. b) Transfer the call at Guard House after 5.30pm Frequency Daily 2 Arrange incoming and outgoing courier a) Call for pick up b)Order consignment note and courier bag c) Compile the copies of consignment note. i) Verify by end of the month for tally with invoice. Daily 3 Collect and compile for staff attendance record a) Go through & identify for late...

Objectives of the Project General Objective The main objective of this study is to develop a LAN-Based Sales and Inventory System for FAD24 Convenience Store that will provide a solution for inaccurate outputs caused by manual sales and inventory scheme to make the task easier, faster, relevant and more efficient. Specific Objectives • To design a prototype that will help them ascertain their goods on hand at any given time, and will compute and automatically update databases for...

Fundamental Qualitative Characteristics Relevance: Gives numbers that users need for decisions Faithful Representation: Provides a true and fair view Enhancing Qualitative Characteristics Comparability: enables users to identify and understand similarities in, and differences among, items. Verifiability: Can check if the numbers are correct Timeliness: The information is not stale or out of date Understandability: Users can understand the information Accounting principles The cost...

Activity/Case Study 1. Explain why your college or university is a system and a subsystem? Answer: My college or university is a system because my university has a mission and vision to achieve their objective. Our college or university is a subsystem because our university is branch of main campus so like in the main campus we also implemented their mission and vision. 2. Observe activities in supermarket: Shoppers looking for aisles where they can find specific product; lines...

Sonoma Valley Wines William D. Whisler California State University, Hayward1. (a) There are six variables for each of the two years, giving a total of 12 variables. All of these variables must be nonnegative PPS,t = Production of Petit Sirah in year t, t = 1, 2, bottles PSB,t = Production of Sauvignon Blanc produced in year t, t = 1, 2, bottles SPS,t = Sales of Petit Sirah in year t, t = 1, 2, bottles SSB,t = Sales of Sauvignon Blanc in year t, t = 1, 2, bottles APS,t = Advertising for...

COMMISSION ON AUDIT CIRCULAR NO. 97-002 February 10, 1997 TO : All Heads of Departments, Bureaus, Offices, Agencies and Instrumentalities of the National Government, Heads of Local Government Units, Managing Heads of Government-Owned Or Controlled Corporations, including their Subsidiaries, COA Directors, COA Auditors, and All Others Concerned. SUBJECT : Restatement with amendments of the rules and regulations on the granting, utilization and liquidation of cash advances provided for under...

 CHAPTER 7 Internal Control and Cash ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Identify the principles of internal control. 1, 2, 3, 4, 5, 6, 7 1, 2 1, 2, 3 8B 2. Explain the applications of internal control to cash receipts. 8, 9, 10 3 4 1A, 3A 1B, 2B, 3B 3. Explain the...

Duarte, Astrid Period 1 English 1/13/15 Vocabulary Unit 5 Definitions: 1. Amnesty- (n.) an official pardon for people who have been convicted of political offenses 2. Autonomy- (n.) self-government, political control 3. Axiomatic- (adj.) self-evident or unquestionable 4. Blazon- (v.) to adorn or embellish, to set forth conspicuously or publicly 5. Caveat- (n.) an explanation or warning that should be remembered when you are doing or thinking about something 6. Equitable (adj.) fair and...

Problem 6-1A 1. Principle violated- Divide responsibilities for related transactions and separate recordkeeping from custody of assets. The business will need to separate the duties of Ms. Flat. She is currently recording all cash receipts and posting the payments to the customer accounts. This leaves much room for error and fraud. Ms. Flat also has control or access over all cash receipts as well as being responsible for posting the payment to accounts. 2. Principle violated- Establish...

 Internal Control and Bank Reconciliations Athena Jackson ACC/225 November 10, 2013 Scott Flynn Problem 8-1A 1. The principle of internal control violation is separation of duties. The person that records the incoming cash receipts should not be the same person that is posting the customer payments to their accounts. My recommendation to the business would be that they have one person recording the incoming cash receipts, and they should assign...

Bookkeeping Guidelines A. General Guidelines 1. The statement of cash receipts and disbursement is to be prepared monthly 2. Receipts should be issued or all cash received. These receipts are to be recorded in the cash receipts journal. 3. Vouchers should be prepared for every disbursement. All vouchers should be numbered consecutively and used chronologically. Vouchers should be recorded in the cash disbursements journal and supported by official receipts. 4. The basis of the statement of...

Attached herewith is my analysis of MiniScribe Corporation. Rumors in the financial market abound that said company is currently experiencing cash flow and inventory problems, which warranted a need for reevaluation of our present “BUY” rating. Analysis of their financials and other pertinent information show that the rumors indeed have a basis. Cash is declining. Receivables continue to increase and take considerably more time to be collected. Management’s commitment to focus on innovation...

Wealth Maximization: Wealth maximization has been accepted by the finance managers, because it overcomes the limitations of profit maximization. Wealth maximization means maximizing the net wealth of the company’s share holders. Wealth maximization is possible only when the company pursues policies that would increase the market value of shares of the company. Wealth maximization is based on the concept of cash flows. Cash flows are a reality and not based on any subjective interpretation. On...

1. The majority of people lie to their employers from time to time. | | | | | Completely true | | | Mostly true | | | Somewhat true/false | | | Mostly false | | | Completely false | | | 2. | How much time per day do you think the average employee with Internet access at their desk surfs the net in an unauthorized manner? | | | | | 0-15 minutes | | | 15-30 minutes | | | 30-60 minutes | | | 60-90 minutes | | |...

External Consultation to LJB Company EXTERNAL CONSULTATION TO LJB COMPANY Abstract A paper presented on the case study 2 review of LJB Company. The paper will address growing issues of Sarbanes-Oxley compliance, and business ethics in regards to Corporate Social Responsibility (CSR) and adherence to current regulatory federal mandates. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of internal control...

Genzyme’s Gaucher Initiative: Global Risk and Responsibility In contrast to other biotechnology firms, Genzyme began focusing on supplying raw materials (enzymes), fine chemicals and reagents to large research laboratories and pharmaceutical companies. The company rudiments, from the very beginning, for generating capital to finance new projects was to use revenues to raise cash flows and to create a track record that would allow it to fund further growth. The company was founded in 1981...

 The restructuring of Auto World will have an impact on their current earnings and the store closures need to be properly disclosed. FASB ASC has specific guidelines that must be followed to report discontinued operations. According to numerous ASCs, Auto World’s closures of the Pit Stop Centers should not be reported as discontinued operations in Auto World’s second quarter financial statements. Rather than being reported as discontinued operations, the Pit Stop Center stores should be...

FIN 534 – Homework Chapter 4 Directions: Answer the following five questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. Each question is worth five points apiece for a total of 25 points for this homework assignment. 1. A $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. Which of these statements is CORRECT? a....

Any Kind Checks Cashed, Inc v. Talcott District court of Appeal of Florida 2002 Facts: D.J. Rivera, a financial advisor to John G. Talcott Jr, a 93 year old man, sold Talcott an investment for about $75,000. This investment did not produce any returns. On Dec. 7, 1999, Salvatore Guarino, a cohort of Rivera, established privileges to cash checks at Any Kind Checks Cashed, Inc. by filling out a customer card with his social security number and by showing his driver’s license. Guarino listed...

EPOM 407 1. Homework 1 Due 9/2/2014 Types of investment projects and decisions: For each of the scenarios that follow, define whether the project is a profit-enhancing, cost-control, or publicimprovement program. If possible, define the scenario further as an expansion, replacement, or abandonment decision. a) Kia Motors, a unit of Hyundai Motor Co., of South Korea announced that it would invest EUR 1.1 billion to build an automobile-manufacturing plant in Zilina, Slovakia. The plant is...

General Question 1. Mark the main flows of goods and money in the diagram (above) and employ a key or table of descriptive elements to explain your answer (i.e., more than just two words). [Note: you can complete the drawing in PowerPoint and then copy/paste if that is easier for you.] Key Symbol | Explanation | Blue: Flow of Goods | HQ sends orders to the supplier notifying them of the quantity of goods that needs to be sent to the warehouse. When the supplier receives these...

Cookridge Carpets Ltd A report analysing the Internal Controls in place and evaluating the Accounting Systems. I testify that the following report is my own unaided work and a true reflection of the organisation. Word Count – 4570. Contents: 1. Terms of Reference 2. Methodology 3. Executive Summary 4. Introduction to the Organisation 5. The Accounts Department 6. Review of the Accounting System 7. Internal Control and Analysis of Fraud 8. Recommendations...

Assignment Task 2 M3 Ahmed Hassan In this cash forecast I will analyse where the Steve’s business can improve on whether they are making a profit or not. Also I need to identify where they have regular inflow and outflows and irregular inflow and outflows. I will also comment on how the fresh business can maintain more regular numbers. January and February In January the sales is £17,000 it increases by £2,000 to £19,000.the total income in January was £32,000 it decreases by £13,000 to...

Hottie Hawgs Smokin’ BBQ Rudy Fakhoorian Marketing 6800 4-15-2012 I. Background Hottie Hawg’s Smokin’ BBQ (HHBBQ) is the creation of two long-time best friends Eric Rybka and Kyle Vaughn back in 2008. Vaughn, a smart minded entrepreneur, and Rybka, a very knowledgeable man who had been in the catering business for over 25 years, together they decided to partner up and open up their own catering business. Since Rybka knew Vaughn had a talent for cooking up Texas-style barbeque,...

October 1, 2011 I was asked to give my recommendations on LJB Company’s internal control system before the company decides to go public in the future. Based on my review of the information that I have been given, the following are my recommendations for new internal controls: 1. Establishment of Responsibility 2. Segregation of Duties 3. Human Resources Control 4. Independent Internal Verification 5. Physical controls It is good to see that LJB recognizes the efforts of...

FIN 320 EXCEL SHEET Problems Please solve the problems below using an excel sheet and the excel functions. 1) (15 pts) A firm is considering a project with an initial investment of $170,000 and required return of 12%. The following cash flows are expected over the 8­year life span of the project: Year Cash flows 1 35,300 2 46,200 3 50,000 4 22,620 5 15,100 6 5,200 7 11,740 8 89,300 a) Calculate the Net Present Value (NPV) of the project. Should ...

Andres Bocanegra MBA 610-Q2285 January 4, 2015 6-3: Short Paper – Any Kind Checks and HDC Status Several factors come into play when considering the fairness of the court’s ruling in this case. We have to look at whether Any Kind Checks Cashed acted reasonably in accepting a negotiable item from the payee. We also have to consider why the payee used the services of a check-cashing establishment in the course of conducting his business. Also, it is important to review the provisions that...

Keva’ Juice Training and Development Plan Table of Contents Page Executive Summary……………………………………………………………….…3-4 Background……….………………………………………………………………….5-6 Needs Assessment Design, Implementation, and Analysis………………………...7 Organizational Analysis…….………………………………………………………..8 Personal Analysis………..……………………………………………………………9-10 Task Analysis………………….……………………………………………………...11-12 Recommended Training Strategy and Design……………………………..……….13...

 Another interesting topic is cash disbursement and receipts controls. Since cash is the most desirable asset and more susceptible to fraud, companies apply internal control principles in handling, recording, receiving or mailing the cash. As we explained before all internal control principles need to be applied in cash receipts and cash disbursements: Establishment of responsibility Segregation of duties Documentation procedures Physical controls Independent internal verification Human...

Solution to Toy World, Inc. Case 32A Toy World, Inc. Cash Budgeting Copyright ( 1996 by the Dryden Press. All rights reserved. CASE INFORMATION PURPOSE This case analyzes a straightforward cash budgeting problem. It is designed to illustrate the mechanics of a cash budget and the way cash budgets are used. Discussion questions focus on the rationale behind the use of cash budgets as well as on their inherent problems. The case also raises the issues of the target cash...

Topic Internal Controls Title An analysis of the Internal Controls used in the Finance department at COLFIRE. Research Questions 1. How are internal controls used at COLFIRE? 2. How does COLFIRE use internal control to operate their operations? 3. What are the major internal controls principles used at COLFIRE? Organization COLFIRE. (Colonial Fire and General Insurance Company Limited.) ACKNOWLEDGEMENT I would like to thank my teacher Mr. N. Cooper for giving me the...

 The Auditor-An Instructional Novella Jack was the number-one player on the Mountainside golf team when he was a junior in high school. His dream was graduating from high school as a named player and getting scholarship offers from all the big golf schools. But in his early senior year, he got into am automobile accident. He has to have surgery on his left leg, leaving it a little shorter than his right. He wasn’t able to follow his dream of a golfer after the accident. Jack didn’t start...

Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles: o Inventory and warehousing cycle o Cash cycle 1. Abstract, Inventory and warehousing cycle (tests of controls) YOLANDA 2. Intro, Inventory and warehousing (substantive tests of transaction) AMY 3. Conclusion, Inventory and warehousing cycle (analytical procedures) JUSTINIA 4. Cash cycle (Test of controls) ANNABELLE 5. Cash cycle (substantive tests of...

Chapter 14 Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions Solution of Practising Problems 14-4 BestSellers.com could integrate its online ordering system with its inventory system so that a book shipment is made only after the customer’s credit card company approves the customer’s purchase. Because credit card issuers often transfer funds electronically almost immediately after a sale, BestSellers.com could also set up their system...

1. How does the ASC define a component of an entity? Component of an Entity A component of an entity comprises operations and cash flows that can be clearly distinguished, Operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group. 2. Are there any conditions that must be met before a component of an entity can be considered...

JIACS10-05-05 PEACH BLOSSOM EXPRESS: A RECENT COLLEGE GRADUATE LEARNS ABOUT "MAGIC MONEY" Martine Duchatelet, Barry University Mike Broihahn, Barry University Charles Rarick, Barry University CASE DESCRIPTION The primary subject matter of this case concerns business ethics. Secondary issues examined include diversity and small business management. The case has a difficulty level of three indicating appropriate for junior level students. The case is designed to be taught in one class...

Case Problem: Blades, Inc. 1. One point of concern for you is that there is a tradeoff between the higher interest rates in Thailand and the delayed conversion of baht into dollars. Explain what this means. ANSWER: If the net baht-denominated cash flows are converted into dollars today, Blades is not subject to any future depreciation of the baht that would result in less dollar cash flows. 2. If the net baht received from the Thailand operation are invested in Thailand, how...

Advanced words and idioms for the New TOEIC Test—Step-up 900 A a going concern生意興隆的業務；發展中的事業a last resort最後手段；絕招a long shot成功希望不大的嘗試；把握不大的猜測；姑妄一猜Abate（使）減弱，減退，減輕，減少abide by (ph.)1.遵守;信守2.承擔...的後果;承受abolition（法律、制度、習俗等的）廢除，廢止abrupt 1. 突然的；意外的 2. （言語、行為）粗魯的，莽撞的，唐突的；生硬的absorb 1. 吸收（液體、氣體等） 2. 吸引全部注意力；使全神貫注abstract 抽象的；純理論的absurd 荒謬的；荒唐的abundant大量的；豐盛的anticlimax虎頭蛇尾；掃興antique 古老的；古董；古玩appetite食慾；強烈慾望appetizing開胃的applaud稱讚；鼓掌applicable適用；合適 applicant...

SHRADHA NARESH KAREKAR Room No.49, 4th Floor, Adhar Bldg., “A”wing, Sane Guruji Marg, Near Gas Co., Lalbaug. Mumbai – 400 012. Mob No. 9664167822 E-mail : shradha_3283@yahoo.co.in ------------------------------------------------- ------------------------------------------------- OBJECTIVE:- Seeking a long term opportunity within the business community, where my professional experience, education, and abilities would be advantageous to the growth of my employer and myself....

Part A (a) The present value of all future cash flows is a factor in the calculation of Value-in-Use (AASB 136 (30)). The Telstra Ltd management makes assumptions that future operating performance (or cash flow) of the asset can be appropriately predicted based on historical performances and expected future performances (Telstra, p94). This complies with AASB 136 (33), (34) and (35). Future net cash flows have to be discount back to present value (AASB 136 (56)). The assumption that Telstra...

Int’l Corporate Finance IMS 6220 Spring 2008 Dr. Hochberg Individual Assignment 2: Far East Trading Company Sameer Kapadia THE CURRENCY CRISIS IMPACT ON GLOBAL MULTI-NATIONAL FIRMS: Budgeted financial statements of a given firm should have taken into account potential changes of international Foreign eXchange (FX) rates. In the short-run an unexpected change in the FX rates could impact the one-year operating budgets of multi-national firms in the U.S.A. and worldwide....

Income Statement of the Air Asia for the quarter end 31/3/2014, 30/6/2014 and 30/9/2014 First quarter 2014 (1Q14) The Group recorded revenue of RM1302.4 million for the quarter ended 31 March 2014, 0.1% higher than the revenue of RM1300.8 million recorded in the quarter ended 31 March 2013. The revenue growth was supported by a 4% growth in passenger volume while the average fare was down 9% at RM164 as compared to RM180.achieved in first quarter of 2013. Ancillary income per passenger was...

Honesty Testing Case Dressler, G. (2008) Honesty Testing at Carter Cleaning Company Jennifer Carter, president of the Carter Cleaning Centers, and her father have what the latter describes as an easy but hard job when it comes to screening job applicants. It is easy because for two important jobs – the people who actually do the pressing and those who do the cleaning-spotting – the applicants are easily screened with about 20 minutes of on-the-job testing. As with typists, as Jennifer...

Atlantic Corp – case study | | | | Question 1: Is the acquisition of Royal’s Linerboard mill and box plants a sound strategic move? Yes. Atlantic corporation intends to increase its linerboard capacity, as it is a net buyer of linerboard. This acquisition of Royal by Atlantic Corporation would be a horizontal integration, which occurs when both the firm being taken over and the firm taking over are in the same industry and in the same stage of production. The linerboard...

INCOME AND EXPENDITURE What are the club’s main sources of income? • Membership fees • Entrance fees • Profits made by running a tuck-shop and bar/coffee shop • Profits made by running a Kit shop What are the club’s main items of expenditure? • Refreshments bought to sell at the tuck-shop and bar/coffee shop • Expenditure on cost price of the club jerseys and socks that get sold at the Kit shop • Operating expenses such as water, electricity, etc. • Maintenance expenses What ledger...

Kudler Fine Foods Kudler Fine Foods is an opulent specialty food store that is located in San Diego, California. It also has shops in Del Mar, La Jolla, and Encinitas California. Kudler Fine Foods offers a variety of items ranging from breads to wines. These specialty products include breads, pastries, a variety of cheeses made from cow, sheep, and goat’s milk. There are two hundred and fifty types of cheeses offered from twenty-one countries. Their produce department currently offers...

Aim This Accounts SBA will allow me to achieve many general goals as well as some personal goals in my life. For instance, the mark I will receive may serve as a perfect aid to my overall C.X.C grade. In addition to this, the SBA alone prepares me for the actual CXC Examinations. In result, it simply acts as a guide for the future. Generally, I seek to provide Brand Name hats to the public. In turn, I will fully understand the accounting procedures used to manage a business. Particularly, I...

What is the closed-form expression for the below sum of Geometric Progression (GP) sequence, S n ? S n  a  aR  aR 2  ...  aR n (1) where R is called the common ratio (between consecutive terms) of the GP sequence. The reason why we want to derive a closed-form expression for S n is for the sake of calculating the summation, or otherwise we need to add all terms one-by-one together, which does not make a sense if the number of terms is huge, say a million terms! Most...

Working Capital Management Strategies for Improving Working Capital Management by Dorothy Rule, Director and Global Head of Liquidity and Investments, Citigroup Global Transaction Services n 2004, treasurers worldwide continue to strive to manage working capital more efficiently. They are under pressure to reduce Days Sales Outstanding, to measure Days Payable Outstanding, and to find alternatives for enhancing yield management due to record low interest rates. Other factors are impacting...

Recommendation Madesco faces a contingent exposure. The company is not naturally hedged since the recent trend is that Mark appreciates against the Dollar. Despite the personal opinion of the Director of Finance that the Mark may have reached its peak and that it will fall in the next few months, the risk associated with exchange rate is very high. In any case, director’s opinion is not really supported by the recent economic reports that show further growth of the German GDP and even...

Andre Young ACCT 504 Case Study 2 1. Establishment of responsibilities. Only one person handles all the finances and the petty cash is open for just about any one to manage and handle cash. Need to be retuned to no one can handle petty cash but a public accountant. 2. Segregation of duties. Their has to be some one overseeing every one in the company. Their has to be some one over seeing the accountants, the checks being written and some one controlling the petty cash. People are...

Organizational Behavior Chapter 2 case scenario questionaire The Global Recession and Workplace Malfeasance 1) Does this case prove economic downturns and company layoffs fail to lead to work malfeasance? Why or why not? - This case does prove that economic downturns and layoffs actually lead to work malfeasance. It talks about when the economy is in a downfall and there are many loosing their jobs unpredictably, employees will panic and do anything to guarantee their positions, steal...

8 Internal Control and Cash Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1 Define internal control. 2 Identify the principles of internal control. 3 Explain the applications of internal control principles to cash receipts. 4 Explain the applications of internal control principles to cash disbursements. 5 Describe the operation of a petty cash fund. 6 Indicate the control features of a bank account. 7 Prepare a bank reconciliation. 8 Explain the reporting of The...

PEPPERDINE UNIVERSITY THE GEORGE L. GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT PROFESSOR CHUCK MCPEAK MBAM-633.13 WORKING CAPITAL MANAGEMENT SPRING 2006 SESSION B WEDNESDAY 8AM-NOON MALIBU SYLLABUS WORKING CAPITAL MANAGEMENT MBAM-633.13 SPRING 2006 SESSION B Wednesday 8AM-Noon Malibu Office (310) 506-4875 Professor Chuck McPeak Home (310) 545-6921 217 23rd St. FAX (310) 546-7671 Manhattan Beach CA 90266...

An engineering economy study involves many elements: problem identification, definition of the objective, cash flow estimation, financial analysis, and decision making. Implementing a structured procedure is the best approach to select the best solution to the problem. Alternatives These are stand-alone descriptions of viable solutions to problems that can meet the objectives. Words, pictures, graphs, equipment and service descriptions, simulations, etc. define each alternative. The best...

1) What is your assessment of the business of Fenchel Lampshade Co.? b. What is the Opportunity, People, Context, and Deal c. What can go right? What can go wrong? *People Steven Rogers (CEO) -Business analysis -Management -Personnel management -Purchasing -Consulting John Smith (Production Supervisor) -15 years on the job Geri Wandall (Office Manager) -5 years on the job Production Workers -67% of workforce is over 40 years old & 55% of workforce has limited experience...

Wk5 problem set Problem 5.17 Growth rate: Your finance textbook sold 53,250 copies in its first year. The publishing company expects the sales to grow at a rate of 20 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. Draw a time line to show the sales level for each of the next four years. 1) 53250 x 1.20 = 2) 1st Year = 63900 x 1.20 = 3) 2nd year = 76680 x 1.20 =...

Table 1 Marion Boats, Inc Assets Cash and Cash Equvalents Liabilities Cash Receivable Inventories and boat’s cost Property, Plant Building Trad-in assets Account receivable Accounts Payable Owner’s Equities Wages and Salary Bank Loan and other loans Accrued Interest Payable Other Share Holders’ equity $72000 $20000 $91200.00 Paid in Capital $800(expense) $48000.00 $40000.00 $48000(expense) $40000.00 -$32000.00...