the percent-of-sales method to prepare a pro forma income statement for the year ended December 31‚ 2010‚ for Hennesaw Lumber‚ Inc. Hennesaw Lumber‚ Inc. estimates that its sales in 2000 will be $4‚500‚000. Interest expense is to remain unchanged at $105‚000 and the firm plans to pay cash dividends of $150‚000 during 2010. Hennesaw Lumber‚ Inc.’s income statement for the year ended December 31‚ 2009 is shown below. From your preparation of the pro forma income statement‚ answer the following multiple
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section also includes debt repayments‚ including interest payments. The cash balance before financing is adjusted by the financing activity to calculate the ending cash balance. The ending cash balance is the cash balance in the budgeted or pro forma balance sheet. There are 3 important periods for firms which are acc. payable period‚ inventory period and acc. receivable period. Acc. payable period is the period between buying materials and paying cash. Inventory period is the period between
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All of the input VAT can be reclaimed providing certain (de minimus) conditions are met. D Some of the input VAT can be reclaimed‚ in proportion to the different types of supply. (c) A business raises a pro forma invoice and receives a payment in advance of making a supply. The pro forma invoice was dated 3 March X0. The payment was received on 10 March X0. The goods were supplied on 14 March X0 and the VAT invoice was raised on 17 March X0. What
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Prison Web Site: http://digitaldaily.allthingsd.com/20080904/sanjay-kumar-goes-to-white-castle-prison/ 4. Wikipedia (Various dates): Sanjay Kumar‚ Web Site: www.wikipedia.org- http://en.wikipedia.org/wiki/Sanjay_Kumar 5. Investopedia :Understanding Pro-Forma Earnings Web Site: http://investopedia.com/articles/01/103101.asp
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Goods Sold 15 9.3.3 Expenses 15 9.4 PRO FORMA CASH FLOW 16 9.5 PRO FORMA BALANCE SHEET 16 9.6 FINANCIAL INDICATORS / RATIOS 17 Appendix Appendix 1 ¡V Financial Projections Table A ¡V Source and Application of Funds Table B ¡V Capital Costs Table C ¡V Input Assumptions Table D ¡V Profit and Loss Table E ¡V Cash Flow Table F ¡V Yearly Cash Flow Accumulations Table G ¡V Financial Indicators / Ratios Table H ¡V Balance Sheet WE NEED AS MUCH INFO AS POSSIBLE AND WE WILL
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EXPPRIN Export Procedures and Documentation Agenda – Week 5 Export Procedures and Flow Chart Documentary Requirements 2 Exporting is both challenging and rewarding. Export Procedures and Flow Chart Export procedures are simple and the export documentation required has been lessened. Build your knowledge and develop skills on the dynamics of exporting by attending seminars/training courses on the basics of exporting‚ letters of credit‚ negotiating with the foreign buyers‚
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ENT300 FUNDAMENTALS OF ENTREPRENEUR INTRODUCTION • challenging career in the future. • It also provides an opportunities for all student to practice the knowledge that they have acquired from their respective disciplines. • This subject intends to guide students who are seriously interested in making entrepreneurship as their future career option. OBJECTIVES • Inculcate awareness among students about entrepreneurship culture. • Impart knowledge about personal entrepreneurship
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| Pricing and Distribution Strategies | SUO Mkt3010 | Dr. Darlene Jaffke | Linda Taylor | 10/13/2012 | At this time‚ Taylor Trucking has established contracts with various manufacturers in the regional area. The industry standard of pricing based on miles per thousand pounds of product will continue in this company for the rates charged for shipments. The customer will also be responsible for any fuel surcharge that will be based on miles travelled. Taylor Trucking’s low overhead will
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Toy World Inc Company Background: Toy World‚ Inc. was founded in 1973. Toy World is a manufacturer of plastic toys for children. In the past‚ the company’s production schedules had always been highly seasonal‚ which reflected the seasonality of its sales. In‚ January 1997‚ the president and part owner of Toy World‚ Inc. began considering a proposal to adopt level monthly production for the coming year. The production manager speculated that about $265‚000 in savings would result from level
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According to RightNow’s internal forecast‚ the revenue growth rate with the new strategy is 67%. In the pro forma balance sheet‚ I assume that line of credit‚ long-term debt‚ and shareholders’ equity stay the same. Other accounts grow at the same speed as revenue grows. From Exhibit 1‚ RightNow doesn’t need additional fund to support the strategy in 2004; instead‚ it could repay its debt. As a software company‚ RightNow has huge amount of deferred revenue‚ and this liability actually plays an important
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