FIN UNIT ASSIGNMENT - Bob Smith Inc.
Question # 00553004
Posted By:
Updated on: 06/27/2017 02:32 AM Due on: 06/27/2017
The assignment requires an analysis of specific financial data of Bob Smith Inc. Bob is an
existing bank customer. When the loan to Bob was originally made in 2013 the bank required
Bob to increase the YE 2014 cash balance to at least $70,000. The Cash Flow Statement and
Balance Sheet show an actual YE 2014 cash balance of less than $34,000. The Team Assignment
requires participation in a team effort to complete the (partially prepared) 2014 Cash Flow
Statement.
Answer each question and forward a paragraph or two: This change in Accounts payable and accruals represents That Bob did?
This had a positive/negative impact on overall cash flows?
This suggests Bob did what …collected faster/slower?
To continue this positive trend Bob should do what …and how will it be done-or?
To improve this negative trend Bob should do what …and how will it be done?
existing bank customer. When the loan to Bob was originally made in 2013 the bank required
Bob to increase the YE 2014 cash balance to at least $70,000. The Cash Flow Statement and
Balance Sheet show an actual YE 2014 cash balance of less than $34,000. The Team Assignment
requires participation in a team effort to complete the (partially prepared) 2014 Cash Flow
Statement.
Answer each question and forward a paragraph or two: This change in Accounts payable and accruals represents That Bob did?
This had a positive/negative impact on overall cash flows?
This suggests Bob did what …collected faster/slower?
To continue this positive trend Bob should do what …and how will it be done-or?
To improve this negative trend Bob should do what …and how will it be done?
-
Rating:
/5
Solution: FIN UNIT ASSIGNMENT - Bob Smith Inc.