Prepare monthly income statements‚ balance sheets‚ and cash budgets based on sales increases of 500 units per month and a 30-day advance production for January through September. When will the company need extra funds? How much will be needed? When can a short-term loan to cover the need be repaid? Please see the attached financial statements that follow. A projected analysis of the Cash Budget for Medieval Adventures yields a negative cash balance by April month-end. Assuming the company’s costs
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we should choose option 3 which is building C. Building C has the lowest present value which means that the lowest costs. E 7-2 (Determining Cash Balance) 1. Only checking account balance of $925‚000 should be reported as cash. Certificate of deposit $1‚400‚000 is a temporary investment‚ short – term paper (penalties to early conversion to cash). Cash advance to subsidiary of $980‚000 is treated as receivables (assumed to
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(Determine Cash Balance) Presented below are a number of independent situations. For each individual situation‚ determine the amount that should be reported as cash. 1. Checking account balance $925‚000; certificate of deposit $1‚400‚000; cash advance to subsidiary of $980‚000; utility deposit paid to gas company $180. 2. Checking account balance $500‚000; an overdraft in special checking account at same bank as normal checking account of $17‚000; cash held in a bond sinking fund $200‚000; petty cash fund
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INTRODUCTION to E-cash payment system With the onset of the Information Age‚ our nation is becoming increasingly dependent upon network communications. Computer-based technology is significantly impacting our ability to access‚ store‚ and distribute information. Among the most important uses of this technology is electronic commerce: performing financial transactions via electronic information exchanged over telecommunications lines. Most electronic commerce involves the exchange of money for
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two accounted‚ types of Accounts‚ Debited/Credited & Reason for Debit or Credit. 1) Mehta started business with Rs. 8000. 2) Purchased goods for cash Rs. 2800. 3) Purchased furniture from Godrej Company Rs. 1000 for cash. 4) Sold goods to Babubhai on credit Rs. 700. 5) Paid for postage stamps purchased Rs. 30. 6) Sold goods to Nanabhai for cash Rs. 400. 7) Paid to Navakal Rs. 500 for Advertisement. 8) Paid to Kishanchand for salary Rs. 1000. 9) Paid into Bank account Rs. 2500. 10) Withdraw
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staff claim for certain staff Monthly 7 Checked OT for all Service Engineer‚ Security and Distribution. Monthly 8 Doing Analysis OT by sites for review & analyse Monthly 9 Update cash flow for petty cash and filling all PV issued. Weekly 10 Go to Bank for petty cash withdrawal purpose Monthly 11 Stock take for ordering form such as Daily Site Report‚ Security Ink Form‚ permit pass and gate pass. a) Liase with supplier if form out of stock b) Raise PO and
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Internal cash control is very important to any business. Without effective methods in place to ensure that funds and resources are being used in an ethical and efficient way‚ a company may lose money or run into many other problems. Through proper establishment of responsibly‚ segregation of duties‚ document procedures‚ and security measures‚ any company should be able to maintain their funds and feel confident that their employees are producing accurate and ethical results. In the exercise detailing
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Assign 2-3 Cash Larceny Scheme Case Joshua Boger BSFR 341-E1WW Professor Sherry Kamradt June 1‚ 2012 The case study involving the bank teller gets nabbed for theft is one that I can see happening quite often especially in a small bank or community bank that does not do the proper back ground checks need. In this case we are looking at cash larceny –vs. - skimming. Cash larceny is the intentional taking away of employer’s cash (currency/checks) without the consent‚ and against the will‚
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acquiring either a cash flow‚ an asset‚ or a contract (e.g.‚ a forward contract) that will rise (fall) in value and offset a fall (rise) in the value of an existing position While hedging can protect the owner of an asset from a loss‚ it also eliminates any gains from an increase in the value of that asset. A major motive for firms to hedge is to increase the present value of firms. The value of a firm is the present value of all expected future cash flows in the future. For expected cash flows with
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journal-------------------------------------------------------------------------- 18 * Returns outwards journal--------------------------------------------------------- 19 * Returns inwards journal----------------------------------------------------------- 20 * Cash book----------------------------------------------------------------------------- 21 Ledgers: * Purchases ledger------------------------------------------------------------------- 22 * Sales ledger--------------------------------------------------------------------------
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