Reference no: EM133087944
Questions -
Explain what is the purpose of the Independent Auditor's Report that is located at the beginning of the financial statement.
The organization is setting up a new program that will operate for 3 months. The total cash funds of $180,000 from the government to operate the program are to be provided evenly to YWS in months 2 & 3. The expenses of $180,000 are allocated evenly over the 3 months. For any months the program has a cash shortfall, the shortfall will be covered by YWS until the funds have arrived from the government that will be on the 1st business day of the month. Prepare a 3-month cash budget for this new program. Explain how you would manage the finances for this 3-month program.
Identify the cash or access to cash available to the organization and explain if the amount of cash is sufficient for the needs of this organization.
YWS is considering the purchase of equipment for $100,000 to fund a program that will provide the following cash inflows: Year 1 - $25,000, Year 2 - $40,000, and Year 3 - $50,000. Calculate the payback period? How do you know when the payback period is reasonable?
Identify and explain 2 strengths and 2 weaknesses with respect to the operations of this not for profit as you review the financial statement for YWS.
Answer the following short answer questions:
-The date of the most recent financial year-end and the number of months it covers.
-Calculate the working capital and explain if the level is sufficient for this charity.
-Original cost of Building Improvements.
-The NBV of furniture & fixtures.
-The largest source of revenue in 2020.