Written Assignment: Hampton Machine Toll Company We did pro forma operating statement and pro forma balance sheet and cash budgets to use as our basis to forecast whether Mr. Corwin can pay his debt in December In the following passage are our methods and assumptions used as a basis to predict. Exhibits are all contained in spreadsheets. Based on our analysis, we estimated that the company will have a 1463000 ending balance cash in December so he should be able to pay off his loan in December
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1. Introduction 2.1. Name of Company Fa Fa Furniture. 2.2. Nature of Company We form our business as a “partnership” business. The types of our business are Manufacturing Furniture’s, Wholesaler. We produce wooden furnitures. 2.3. Industry profiles The main idea for developing this business is due to the rapid development in the construction industry. This would give an opportunity for our company to provide furniture to the houses after the construction project finish.
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Balanced Score Card b. Income Statement c. Balance Sheet d. Cash Flow Statement 2. General Simulation Analysis a. First Quarter b. Second Quarter c. Third Quarter d. Fourth Quarter 3. Adequacy of Funds 4. Just-in-Time 5. Lean Operations 6. Work Cells 7. Inventory Management 8. Continuous Improvement Program 9. Sources Financial Statements Balanced Score Card Income Statement Balance Sheet Cash Flow Statement General Simulation Analysis Micro
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Supply Chain – JCT2 Task 1 Roy C. Vasel Student ID 000298533 Business Simulation for OutFront Computers A. Business financial documents from simulation | | |Cumulative industry results for last four quarters ending in quarter: 4 | | |Minimum |Maximum |Average |OutFront Computers | |Financial
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TYPES OF FINANCIAL BUDGET There are four major budgets in large organization i.e. the statistic budget, the operating budget, the cash budget, and the capital budget. In addition to these, a number of organizations also prepare income statements, balance sheets, and the statements of cash flow on a pro forma basis. * The statistics budget:- the statistics budget is used to project the volume for the coming year. These volume estimates are then used to help forecast revenues and expenses
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response as you complete each question. | Question 1 (4 points) The ____ shows the results of a firm's operations over a period of time, usually one year. Question 1 options: | income statement | | balance sheet | | statement of cash flow | | statement of financial position | Save Question 2 (4 points) Operating expenses include Question 2 options: | marketing-related expenses. | | the cost for independent dealers to prepare for the distribution of the product.
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BUSINESS PLAN OF NEW VENTURE 1.What is a Busines Plan? * A written document that serves as a blueprint and guide for a proposed business project that one intends to undertake; 2. What are the purposes of a Business Plan? * To allow the entrepreneurs to view and evaluate the proposed business venture in an objective, critical and practical manner; * To analyse and evaluate the viability of a proposed venture * As a guideline for managing the business * To allocate business
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1. A budget is an itemization of estimated or known expenses for a given time period. Pro-forma Statements are forecasted income statements, statements of cash flow, and balance sheets for the following term. They are based on expected revenues and costs. It is a good idea to pay close attention to the figures in these statements, although they are not based on fact, they do provide helpful advice if used in conjunction with previous quarter financials and the allocated budget. The budget and pro-forma
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3. When the ownership and management of a venture are one and the same, strategies for minimizing taxes are employed. Which of the following strategies is NOT illegal? a. Deducting personal expenses through the company b. Filing taxes on a cash basis rather than on an accrual basis c. Lending money to the owner in lieu of a salary or dividends d. Undercounting inventory e. All of the above are illegal tax strategies 4. Which of the following practices is NOT characteristic of a successful
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(a) | (b) | Account Name | Statement | Type of Account | Accounts payable | BS | CL | Accounts receivable | BS | CA | Accruals | BS | CL | Accumulated depreciation | BS | FA* | Administrative expense | IS | E | Buildings | BS | FA | Cash | BS | CA | Common stock (at par) | BS | SE | Cost of goods sold | IS | E | Depreciation | IS | E | Equipment | BS | FA | General expense | IS | E | Interest expense | IS | E | Inventories | BS | CA | Land | BS | FA | Long-term debt
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