Empirical Study on Liquidity Management of Fu-Wang Ceramic Industry Limited Origin of the Report As a part of our study curriculum in BBA course‚ we have been assigned to conduct a study on “Working Capital Management (F-402)‚ by Ms. Sheikh Tanzila Deepty. The required study suggests the analysis of liquidity management of a company in Bangladesh. We have been assigned Fu-Wang Ceramic Industry Limited for the Study. Purpose of Report * To achieve deep knowledge about liquidity management
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Christine Ewing‚ Capital | | 44‚000 | | | | | | | 2 | No entry—not a transaction. | | | | | | | | | 3 | Supplies | 700 | | | | Accounts Payable | | 700 | | | | | | | 7 | Rent Expense | 600 | | | | Cash | | 600 | | | | | | | 11 | Accounts Receivable | 1‚100 | | | | Service Revenue | | 1‚100 | | | | | | | 12 | Cash | 3‚200 | | | | Unearned Service Revenue | | 3‚200 | | | |
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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firm’s current liability accounts. The management of current liabilities requires choosing appropriate levels of financing and involves trade-offs between risk and profitability. This chapter also reviews sources of secured and unsecured short-term financing‚ including the role of international loans. Spontaneous sources‚ such as accounts payable and accruals‚ are differentiated from negotiated bank sources‚ such as lines of credit. The cash discount offered on accounts payable and the cost of
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Supplies 124 2‚400 Accounts Payable 201 14‚400 Purchased equip. & supplies on credit. 6 Cash 101 2‚000 Services Revenue 403 2‚000 Received cash for services. 9 Accounts Receivable 106 8‚000 Services Revenue 403 8‚000 Billed client for completed work. 13 Accounts Payable 201 14‚400 Cash 101 14‚400 Paid balance due on account. 19 Prepaid Insurance 128 6‚000 Cash 101 6‚000 Paid premium for insurance. 22 Cash 101 6‚400 Accounts Receivable 106 6‚400 Collected
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The main businesses of the company Webster Limited (WBA) is a company produces fresh land-based food and exports them in Tasmania. WBA has two core operating divisions: one is Field Fresh Tasmania (FFT); and the other is Walnuts Australia (WA). FFT is responsible for producing red and brown onions. It is also the largest exporter of onions in Australia. Providing fresh onions to TESCO is made up 10% of its business. WA is the largest walnuts producer in Australia. WBA produces counter-seasonal food
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this paper will provide financial information pertaining to Crown Crafts incorporated. The information presented will show an analysis related to the company’s cash‚ cash equivalents‚ receivables‚ and inventory. Also this information will include a list identifying the components of the business’s cash and cash receivables as well. Crown Crafts Incorporate was created in 1957. The company sells‚ designs‚ and distributes infants and toddler products. These products include items such as bedding‚ blankets
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Journal Date Account Titles Debit Credit July 01 Cash 12‚000 Common Stock 12‚000 1 Equipment 8‚000 Accounts Payable 6‚000 Cash 2‚000 3 Cleaning Supplies 900 Accounts Payable 900 5 Prepaid Insurance 1‚800 Cash 1‚800 12 Accounts Receivable 3‚700 Service Revenue 3‚700 18 Accounts Payable 1‚500 Cash 1‚500 20 Salaries Expense 2‚000 Cash 2‚000 21 Cash 1‚600 Accounts Receivable
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for 3 month’s advance tk. 6‚000. 02: Purchased delivery van for cash tk. 20‚000. 04: Purchased supplies on account tk. 2‚500. 06: Purchased supplies for cash tk. 1‚000. 10: Service rendered to a customer and immediately collected tk. 6‚000 12: Service rendered to a customer on account tk. 13‚000. 18: Paid utility expense of the month tk. 1‚000 cash. 22: Paid for the supplies purchased on
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result of sales on credit or on account is a bad debts expense. 2. What is the purpose of the Allowance for Doubtful Accounts? This account is a contra-asset account that accumulates the expected amount of bad debts as of a given date. This account is also a permanent account that is not closed to Income Summary at the end of the year. 3. What is net realizable value? Net realizable value is the amount of accounts receivable that is expected to be collected
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