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Moss Exports is having a bad year. Net income is only $60,000. Also, two important overseas customers are falling behind in their payments to Moss, and Moss's accounts receivable are ballooning.
The company desperately needs a loan. The Moss Exports board of directors is considering ways to put the best face on the company's financial statements. Moss's bank closely examines cash flow from operations. Daniel Peavey, Moss's controller, suggests reclassifying as long-term the receivables from the slow-paying clients. He explains to the board that removing the $80,000 rise in accounts receivable from current assets will increase net cash provided by operations. This approach may help Moss get the loan.
1. Using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. Which reporting makes Moss look better?2. Under what condition would the reclassification of the receivables be ethical? Unethical? Support your response.
Mr. Dimitry owns 1000 shares of equity. What is his cash flow in its current capital structure (leveraged D/E = 2.3) What will be his cash flow in the proposed capital structure (levered) if he keeps all his 1,000 shares
Find Variable expense per unit, and total fixed expenses. Would you advise adopting this plan?
The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Provided these facts, the number of units of product in the starting inventory last year must have been:
Use the BOP analysis to briefly discuss how the operating cycle data relate to the amount of working capital and the current and acid-test ratios.
Financial management and accounting processes
List the changes in your final sensitivity analysis, and explain why you chose this set of changes and briefly explain what Jordan would need to do to implement each of these changes.
Assuming that the landfill is recorded within the general fund, illustrate what will appear on the fun-based financial statements for this landfill for the year ended December 31, 2010?
Do you consider that cash inflows and outflows related with non-operating items, such as interest expense, dividend revenue and interest revenue should be separated from operating cash flows? Describe.
Clasify any tools such as regression analysis or CVP that will support the decision making process related to the question.
What activities should you perform to correctly account for your inventory at year-end? Why is it important to track inventory? What does this information tell you about your business?
At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $5,000 in cash. Illustrate what is the amount of the taxable gifts, if any, made by Samantha this year?
Compute the NPV and IRR for each of the two projects. Assume that the discount rate is 10%. Which project would you select and why?
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