Phase 2: 2016 - 2018 Synopsis You selected Pursue Big-Box Distribution‚ Expand Online Presence‚ and Develop a Private-Label Product and declined no opportunities . Below is a synopsis of how each opportunity affected your Working Capital and Cash Flow. Pursue Big-Box Distribution Taking on Mega- Mart Inc. as a customer resulted in impressive top-line growth but the company’s EBIT margin declined. Revenue’16’17’1805K10K $7‚100 Opportunity EBIT’16’17’180250500 Opportunity Free Cash Flow’16’17’180-2K-1K
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Cash Budgets These are used by management as a guide to planning‚ control and decision-making. • So we can see when commitments are due so the business can make payments on time‚ maintaining a good reputation and being able to obtain credit • To show when the business has excess funds which should be invested to earn interest in either the short-term money market‚ in a fixed term deposit‚ in government stock or in an investment account (rather than a cheque account) • To control by
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A Review of the Cash Conversion Cycle At Lawrence Sports‚ the management of their cash conversion cycle‚ and working capital system‚ is critical to their continued success. It appears that a review of this process is needed in order to fully understand what they are currently doing‚ where they can improve‚ and how much of an impact those options will have on the company. According to Emery‚ et. al.‚ in their work Corporate Financial Management‚ “The cash conversion cycle is the length of time
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Bradmark Comprehensive Case Chapter 9 – Revenue Cycle Questions Read the Bradmark Case located in the “Bradmark Case Description” folder and answer the following questions: 1) From the case description and the associated flowcharts‚ assess Bradmark’s internal controls over its revenue cycle procedures. 2) Using the case description‚ the flowchart‚ the file structures‚ and the selected financial data below‚ specify an audit objective (that can be achieved using ACL™) for each management
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CASE 1.4 1. Revenue must be both earned and realized before it is recognized. That is‚ the product must have been delivered or the services must have been provided to the customer. Also‚ the amount of the sale needs to be fixed and determinable‚ and there must be a belief that the cash will be collected from the customer in a timely manner. This is important to the users of financial statements because it gives them certainty that the dollar amount on the financial statements is accurate.
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The main suspects at this time are Ben Hill‚ Michelle Shelton‚ Candie Harris‚ Sam MacCarty‚ and Phil Ackers. The red flags in this case deal primarily with a lack in segregation of duties. These suspects all juggle multiple roles‚ some of which are not listed in their job description. Some of these suspects actively seek out additional responsibilities and place themselves in roles where they probably do not belong. Further rationalization for choosing these suspects is outlined below. BEN HILL
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Notes Compiled by Prof. M. B. Thakoor Chapter 2 - Classification of Accounts (Problems) Q.I. Classify the following into personal A/c‚ real A/c and Nominal A/c. 1. Mr. X A/c. 2. Bank of India A/c. 3. Bank A/c. 4. Cash A/c. 5. Land and Building A/c. 6. Plant and Machinery A/c. 7. Furniture A/c. 8. Insurance A/c. / Insurance Premium A/c. 9. Insurance Company A/c. 10. M/s. X & Co. A/c. 11. Rent A/c. / Rent paid A/c 12. Rent Received A/c. 13. Rent Receivable A/c. 14. Rent Payable A/c
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1888 Press Release - Corcentric and The Accounts Payable Network (TAPN) co-host Webinar that illustrates the power of collaboration in the procure-to-pay process. McLean‚ VA - Corcentric‚ a leading provider of accounts payable automation and electronic invoicing solutions‚ will be co-hosting a free 1-hour Webinar with TAPN (which was recently acquired by the Institute of Finance & Management)‚ titled "The Future of Procure to Pay." This Webinar will take place tomorrow‚ Tuesday‚ June 24 at 2pm
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Solutions to the long-term contracts in-class questions Practice Question #2 Percentage of completion method a. 2013 2014 2015 2016 Construction costs Incurred to date $ 300‚000 $ 1‚400‚000 $2‚263‚000 $3‚100‚000 Estimated costs to complete 2‚200‚000 1‚400‚000 837‚000 — Total estimated costs $2‚500‚000 $ 2‚800‚000 $3‚100‚000 $3‚100‚000 Percent (%) completed 12% 50% 73% 100% Revenue to date $ 360‚000 $ 1‚500‚000 $ 2‚190‚000 $3‚000‚000 Revenue recognized
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CHAPTER 1 INTRODUCTION 1.0 Background of the Study Picardal Institute of Science and Technology (PIST) is an institution founded last July 12‚ 2008 and was located at the 2nd floor of Michaella’s Plaza‚ Andres Bonifacio Avenue‚ National Highway‚ Tibanga‚ Iligan City‚ province of Lanao del Norte‚ Philippines. This institution offers different courses under Commission on Higher Education (CHED) and Technical Education and Skills Development Authority (TESDA) like Bachelor of Science in Information
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