Complete the balance sheet and cash flow statement

Assignment Help Finance Basics

Reference no: EM133491794

Part-1

it is Jan 1st, 2023 and unfortunately you are stuck at the office to satisfy your demanding CFO. Your task is to forecast the upcoming year's financials statements, for fiscal year-end 2023. Please refer to the base spreadsheet provided herewith where part of the work has already been completed for you.

You must now fill in the blanks to complete the Balance Sheet and Cash Flow Statement. For your reference, each cell that requires your attention has been highlighted in blue. These cells should be populated with formulas only. In other words, no hard-coding of any numerical
value is permitted! No hard-coded results will receive points, even if the numerical result(s) are accurate.

Hint: It is important that negative cash flows (and any negative numbers generally) are presented as negative numbers in your spreadsheet.

Historically, and for the near-to-medium term at least, the ratios below are expected to hold true:
Accounts Receivable are consistently 22% of sales in any given year.

Inventories are consistently 18% of Sales in any given year.

Accounts payable are consistently 14% of sales in any given year.

Part-2

After you have completed Part 1, make copy of your worksheet (a new tab within your Excel file), labeled "Financial Statements - Part 2". Make the necessary changes to the financial statements to assess the merits of a new proposal, described below.

Mary Barra, a senior marketing executive at Banana Computing, has an idea for an exciting new advertising campaign. She proposes that doubling 2022's fixed marketing expenses ($2.5 million total for 2023, instead of $1.25 million during 2022) should generate the following results for 2023:

1. Forecasted Revenues (total, firm-wide for 2023) shall be $15.0 million.

2. Forecasted Production Costs (total, firm-wide for 2023) shall be $5.0 million.

3. Forecasted Packaging and Shipping costs (total, firm-wide for 2023) shall be $600,000.

4. Forecasted General & Admin expenses (total, firm-wide for 2023) shall be $3.0 million.
a. *If you approve this proposal, it will be executed starting tomorrow (Jan 2, 2023).
b. **No changes to the established assumptions are expected, aside from those specifically described.

Reference no: EM133491794

Questions Cloud

What are federal laws-codes and texas state laws-codes : What are federal laws/codes and Texas state laws/codes that specify a client's right to confidentiality/privacy when it comes to mental health.

What education or experience is expected of applicants : What education or experience is expected of applicants? What is the company's reputation, goal, or mission? How would hiring you help the company achieve that

Why you would agree or disagree with the above statement : The performance of professional fund managers is consistent with market efficiency." Using the evidence discussed in class, explain why you would agree

How interprofessional collaboration and experience affect : NRS493- How this interprofessional collaboration and experience will affect your professional practice in the future.

Complete the balance sheet and cash flow statement : Complete the Balance Sheet and Cash Flow Statement. For your reference, each cell that requires your attention has been highlighted in blue

What are the advantages of museums containing objects from : what extent do you agree with that museum should only show objects from the country in which they are located?

Briefly explain how the forward rate agreement : Briefly explain how the forward rate agreement will assist XYZ in terms of the interest rate that it will have to pay if it borrows AUD2,200,000 again

Analyze two histograms in a word document : Use statistical software to create, interpret, and analyze two histograms in a Word document.

Iron law of responsibility and the social contract : Explain the Iron Law of Responsibility and the social contract.

User Account

All Pages