ACCT 504 Case Study 3 (Wang Appliance Store)
This Tutorial was purchased 4 times & rated A+ by student like you.
This Tutorial contains following Attachments
- ACCT 504 Case Study 3 (Wang Appliance Store).xlsx
Construct and use a cash budget) Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company?s budgeting process. Farmer?s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year?s statement of cash flows, which follows (amounts in thousands):
Wang Appliance Store
Statement of Cash Flows
2013
(in thousands)
Cash Flows from Operating Activities
Collections from customers $51,000
Interest Received 500
Purchase of inventory (36,000)
Operating expenses (10,200)
Net cash provided by operating activities 5,300
Cash Flows from Investing Activities
Purchase of equipment (3,500)
Purchase of investments (500)
Sale of investments 1,000
Net cash used for investing activities (3,000 )
Cash Flows from Financing Activities
Payment of long term debt (400)
Issuance of Stock 2,000
Payment of cash dividends (500)
Net cash provided by financing activities 1,000
Cash
Increase (decrease) in Cash 3,300
Cash, beginning of year 2,900
Cash, end of year 5,900
? Requirements
1. Prepare the Wang cash budget for 2014. Date the budget simply ?2014? and denote the beginning and ending cash balances as ?beginning? and ?ending.? Assume the company expects 2014 to be the same as 2013, but with the following changes:
a. In 2014, the company expects a 20% increase in collections from customers and a 30% increase in purchases of inventory.
b. There will be no sales of investments in 2014.
c. Wang does not plan to issue stock in 2014.
d. Wang plans to end the year with a cash balance of $5,550.
Write a review
Order IdOrder Id will be kept Confidential
Your Name:
Your Review:
Rating: A B C D F
Enter the code in the box below:
This Tutorial was purchased 8 times & rated A+ by student like you.
ACCT 504 Week 7 Course Project JCP Kohls
..
|
|
This Tutorial was purchased 5 times & rated A by student like you.
ACCT504 Case Study 3 on Cash Budgeting
The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be up..
|
|
This Tutorial was purchased 14 times & rated A by student like you.
ACCT 504 Week 5 Course Project Draft Spreadsheet
..
|
This Tutorial was purchased 5 times & rated A+ by student like you.
Case Study 2 - Internal Control- Due by Sunday of week 5
LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his ..
|
|
This Tutorial was purchased 4 times & rated A+ by student like you.
The Entire Case Study is due Sunday at Midnight Mountain time at the end of Week 3.
This Case Study is worth 100 points or 10% of your final course grade.
This Case Study relates to TCO's D and E and Chapters 3 and 4.
MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.
There ar..
|
This Tutorial was purchased 83 times & rated A+ by student like you.
1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization
2. (TCO A) When a corporation dist..
|
|
This Tutorial was purchased 8 times & rated A+ by student like you.
Week 1DQ 1 - Financial Reporting Environment and GAAP
Week 1DQ 2 - Details of Financial Statements and Ratios
Week 2DQ 1 - Accounting EquationAccounting Cycle
Week 2DQ 2 - Accrual Accounting and Adjusting Entries
Week 3DQ 1 - Merchandising Operations and Income Statements
Week..
|
|
This Tutorial was purchased 35 times & rated A by student like you.
ACCT 504 Week 1-7 All Discussion Questions
ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation
ACCT 504 Week 4 Midterm Exam Set 1
ACCT 504 Week 4 Midterm Set 2
ACCT 504 Week 4 Midterm Set 3
ACCT 504 Week 5 Case Stu..
|
|
This Tutorial was purchased 21 times & rated A+ by student like you.
Course Project
Financial Statement Analysis Project -- A Comparative Analysis of Oracle Corporation and Microsoft Corporation
Here is the link for the financial statements for Oracle Corporation for the fis..
|
|
This Tutorial was purchased 4 times & rated A+ by student like you.
Construct and use a cash budget) Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company?s budgeting process. Farmer?s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year?s statement of cash flows, which follow..
|
|
This Tutorial was purchased 2 times & rated No rating by student like you.
Case study
(Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness:
Situation a. In evaluating the internal control over inventory for the Williams Oil Services Company, an aud..
|
|
This Tutorial was purchased 7 times & rated A by student like you.
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:
June
2
Gordon r..
|
|
This Tutorial was purchased 54 times & rated A+ by student like you.
MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.
There are 10 sheets in the Workbook, including this one.
All of the information that you need for the project is lo..
|
|
This Tutorial was purchased 126 times & rated A+ by student like you.
Course Project: A Financial Statement Analysis
A Comparative Analysis of Nike, Inc. and Under Armour, Inc.
Below is the link for the financial statements for Nike, Inc. for the fiscal year ending 2014. First, select 2014using the drop-down arrow labeled Year, and then select An..
|
|
This Tutorial was purchased 11 times & rated A by student like you.
Q -1
Other comprehensive income
A.
includes extraordinary gains and losses.
B.
affects earnings per share.
C.
includes unrealized gains and losses on available-for-sale investments.
D.
has no effect on inco..
|
|
This Tutorial was purchased 9 times & rated A+ by student like you.
This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file)
E2-17A
Dr Anna Grayson opened a medical practice specializing in physical therapy. Du..
|
|
This Tutorial was purchased 21 times & rated A+ by student like you.
Q -1
Anderson Company had the following information in
20142014.
Accounts receivable 12/31/14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,000
Allowance for uncollectible account 12/31/14 (before adjustment). . . . . . . 850
Credit sal..
|
|
This Tutorial was purchased 17 times & rated A+ by student like you.
This Tutorial contains 4 Set of Midterm Exam
1. Question : (TCOs A and E) Your friend, Ellen, has hired you to evaluate the following internal control procedures.
Explain to your friend whether each of the numbered items below is an internal control streng..
|
|
This Tutorial was purchased 12 times & rated A by student like you.
This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file)
E 7-15A
Potvin Self Storage purchased land, paying $175,000 cash as a down..
|
|
This Tutorial was purchased 4 times & rated A+ by student like you.
This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file)
E10-19A
Army Navy Sporting Goods is authorized to issue 10,000 shares of common stock. Duri..
|
|
This Tutorial was purchased 4 times & rated A by student like you.
This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file)
E 1-17A
CoffeeShop Doughnuts has current assets of $280 million; property, plant, and equipment of $43..
|