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Questions -
1. What are the three primary causes of cash flow problems faced by a small business? Explain cash flow management using the cash-to-cash cycle.
2. What are the three sources from which cash can be obtained for a business?
3. Explain the concept of company and bank cash balances. What are the two types of delays in the movement of money among depositors and banks?
4. Describe the process of creating a cash budget
5. What are the preventive steps taken to protect a business from having its cash drained by employees?
6. What are the different techniques used by a business to increase cash inflow and decrease cash outflow?
Based on the Conceptual Framework, decide whether and when revenue exists and the appropriate time for this revenue to be recognised in the accounts of Brian Kelly, GoldProspector.
The Franklins sued, claiming that the FLB attorney had authority to settle the case and that FLB was bound by the settlement agreement. How should the court rule?
clyde currently commutes 55 miles to work in the city. he is considering a new assignment in the suburbs on the other
perch co. acquired 80 of the common stock of float corp for 1600000. the fair value of floats net assets was 1850000
when forming a partnership is accumulated depreciation that is brought in by one partner considered a asset or
Read the Ethics scenario on page 341 and the Fraud Case on page 370. Both companies reported inaccurate inventory values which overstated gross
The local garden club, an exempt organization, had gross unrelated business income during the year of $15,000. What is its unrelated business income tax
Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:
You were just notified that you will receive $100,000 in two months from the estate of a deceased relative.
What about special pricing for some markets or customers? Show effect on revenues and profitability based on stated assumptions.
The headquarters of Hill Crest Corporation, a private company with $15.5 million in annual sales, is located in California. Hill Crest provides for its 150 clients an online legal software service that includes data storage and administrative acti..
Compute the working capital, the current ratio, and the quick ratio after each of the following transactions
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