Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Task:
You are the Managing Director of ATC Ltd, a small but successful manufacturer of re-circulating chillers for thethermal management of high technology instrumentation and industrial process equipment. The financial year ends on 31st December and a stock take has been carried out in the first week of January 2011 before trading begins in 2012. The company's Bank has requested a set of accounts prior to a meeting to discuss the budget for 2012. You are given a set of financial data and you must now put together the report for the Bank for 2011.
The financial data provided to the Managing Director on 20th January 2012 prior to his meeting with the Bank Manager is as follows:
£
sales
994,207
20 year mortgage
284,155
accumulated depreciation to 31.12.10
116,670
Share capital
62,754
P &L reserve - prior years
58,015
creditors
143,299
Other direct production costs
22,276
Depreciation charge for period
7,172
Cash at bank
56,497
Closing stock
111,249
Overheads for the year
97,674
Direct Labour
155,283
Management salaries
156,526
Debtors
179,733
Cost of sales (materials)
423,108
Building and Machinery
449,582
Once you have the set of accounts, you decide to carry out an analysis so you are prepared for the meeting with the bank manager.
You decide to calculate:
Provide a brief comment on each of these to help the bank manager review the accounts.
linda blye opened cardinal window washing inc. on july 1 2010. during july the following transactions were
Explain how has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations? Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits?
question basic flexible budgetingsydney inc. has the subsequent budgeted production costsdirect materials 0.45 per
Determine the balance sheet inventory carrying value at December 31,2011 assuming the LCM rule is applied to individual products and separate income statement item, determine the amount of the loss.
the retailer is an important customer supplier allows the firm to stretch its credit terms what is retailers effective cost of trade credit
Provide recommendations for future business activity based upon your assessment. Cite references from your library research to support your conclusions of the company's performance based upon your analysis and financial ratio evaluations.
Why might a finance department be quizzing the proposal manager (PM) about the ARR? And more importantly, why is it important that the PM give a reasonable ARR?
To forecast Additional funds needed using AFN equation - Use the AFN equation to forecast Carter's additional funds needed for the coming year.
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $10,000,000, (b) $12,000,000, and (c) $14,000,000.
What is the net present value of this investment opportunity? Based on your answer to (a) above, should Axillar go ahead with the new conditioning shampoo?
The land to labor ratio in the production of cloth is higher than that in the production of wheat. The opportunity cost of producing cloth is higher than the opportunity cost of producing wheat in country A. .
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd