for the quarter ended 30 June 2015 | $ | $ | Cash Flow from Operating Activities | | | Cash Sales | 32 980 | | GST Collected | 3 298 | | Receipts from Debtors | 17 940 | 54 218 | Payments to Creditors | (17 820) | | Stock | (4 000) | | Wages | (7 460) | | GST Paid | (3 198) | | Advertising | (2 400) | | Cartage Inwards | (760) | | Cartage Outwards | (820) |
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and the balance of payments. There are currently 186 members. Their goal is to stabilize exchange rates and assist the reconstruction of the world’s international payment system. They also offer highly leveraged loans to countries in severe financial trouble. This money comes from a pool, which countries will contribute to on a temporary basis. Any member country can ask the IMF for financing if it has a balance of payments need. The loan helps member countries to tackle balance of payments problems
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The target cash balance should be higher during months when cash needs are greater. If cash needs are adjusted for demand, the clinic will be able to follow their budget better rather than spend too much cash and have to compensate elsewhere in the budget during the months
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TOPIC 11 – STATEMENT OF CASH FLOWS HOMEWORK SOLUTIONS Discussion questions 1. What is the purpose of a statement of cash flows? Refer to section 19.3. The purpose of a statement of cash flows is to present information about changes in the cash and cash equivalents of an entity during the period classified by operating, investing and financing activities. 2. How might a statement of cash flows be used? Refer to section 19.3. A statement of cash flows may be used by investors, creditors
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Adjusts for changes in accounts like A/R, A/P, Inventory and non-cash revenues, expenses, gains, losses What is the primary purpose of statement of cash flows? To provide relevant information about the enterprise's cash receipts and cash payments during a period Is the purchase of cash equivalent using cash reported on the statement of cash flows? No - purchase of cash equivalent using cash is NOT an outflow of cash and therefore does not get reported on Statement of cash flows.
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BUSN 8 3 The World Marketplace: Business Without Borders Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. LEARNING OUTCOMES 1 Discuss business opportunities in the world economy 2 Explain the key reasons for international trade 3 Describe the tools for measuring international trade 4 Analyze strategies for reaching global markets 5 Discuss barriers to international trade
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Case Study: Contingency: BP a. A contingent liability is a potential liability that depends on a future event occurring or not occurring; or past events that are not recognized because the outcome is not probable or the amount of obligation cannot be measured. Examples: Law suits and government agencies investigations and product warranties. A contingent liability and the related contingent loss are recorded with a journal entry only if the contingency is both probable and the amount can
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Simulation Application A I would approve the loan for this applicant because of the outstanding FICO score of 730 and there is no late payment in last year and no defaulted loans in the last five years. She should get the bank’s prime rate plus 0.5% Application B I would approve the loan for Brandon Chetkey because he has a good FICO Score of 650 and no late payment in last year and no defaulted loans in the last five years. However, before I do that I will ask for more information regarding his
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value of the minimum lease payments is 90% or more of the fair value of the asset less investment tax credit held by the lessor. Capital Leases | Requirements of the Lessee The lessee should report the asset and liability on the balance sheet or in footnotes at the present value of the minimum lease payments at the beginning of the lease unless the fair value of the leased asset at lease inception is lower (FASB ASC 840, n.d.). Disclosure requirements in the balance sheet or footnotes include
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funds flow statement,[1] is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. Essentially, the cash flow statement is concerned with the flow of cash in and cash out of the business. The statement captures both the current operating results and the accompanying changes in the balance sheet.[1] As an analytical tool, the statement of cash flows is useful in
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