Acct 505 Course Project 1

Using no more than 250 words, write a description of the object depicted in the two photographs.

| Textbook pages 11-12. Assets = $12,000 + $50,000 = $62,000. Cash and inventory are examples.

There are a number of factors that contribute to the impact of the nursing shortage.

This is something that any company need to pay off loans to keep from paying extra interest on debts.

1. Based on the 10 percent compensating balance requirement, how much would Pierce Control Systems have to borrow to acquire $10 million in needed funds?

The company acquired office equipment on October 1 for $30,000 cash. The equipment was used for administrative tasks.

After reading this spreadsheet budget of Chester & Wayne food distribution company. Since the CEO, Mr. Chester, asked this writer to help prepare cash-flow material from temporary control expanse from Sept. 30 for the last three months of this 12 months. Chosen costs:

This budget can assist the company in determining when more cash resources are needed, and if excess cash is available for future investing or saving (Parry, 2006). The company can plan accordingly over a period of time if a cash budget is created and utilized efficiently. Without a cash budget, the company will flounder in times of economic stress, and have excess cash wasting interest by lying about. It is a plan, and just like any other plan like marketing or sales plans, it is best used before a crisis or challenge occurs.

Recalling from the previous week, there was what may have been thought of as the daunting, yet interesting assignment given, the project. With that assignment, came the challenge of choosing a subject that could be narrowed down making it easier to work with, in conjunction with certain steps in the process that could be followed such as, eliminating procrastination and tools that could be utilized that would assist in the efforts of making the project successful. Over multiple days and possibly some restless nights of the rolodex of the mind flipping from one card to another, the project seemed to start to come together or in the very least grow from essentially approaching the starting line to actually being at the starting line. The

10. Based on a cost of equity of 5.31%, Under Armour created value in 2013 because the ROE (17.4%) is greater than the cost of equity (5.31%).

Resort Co. (“the Company”) is a privately held company that operates luxury hotels. On December 31st the Company originally held a loan of $432 million (“the Original Debt”) with two different banks. The loan was partially held in bank A ($129.6 million) and with bank B ($302.4 million). There were $3 million in issuance costs still allocated to the loan $900,000 bank A and $2.1 million to bank B.

under a debt facility agreement. Cash used in investment activities of $22.1 million related to $16.6 in

Most entities and organization create budgets as a guide for controlling its spending, prediction of profit, and it expenditure as they progress toward a set goal. Budget involves pulling resources together to achieve a specific goal. According to Gapenski (2006), budgeting is an offshoot in a planning process. A basic managerial accounting tool use in holding planning and control functions together is referred to as set of budgets (p. 255). One major setback manager or budget developer encounter is trying to design a future, a process that cannot be created with the precision just right. This article highlights some financial management

The budgeted collections accounts receivable from May and June are $802,800. The company collects the sales on account, 60% the first month and 38% the next month. In this situation, substantial amount of cash inflow is receivable, compared with the rate of 80% that are Accounts payable in the first month for materials

They can start to repay some of the principle as soon as possible to reduce the interest payments. This will help reduce the amount of interest paid in total (Exhibit 2). While this solution does not eliminate the problem of still being unable to repay the full loan, they are able to lessen their cash shortage. The assumptions I used for this budget was that approximately $500,000 on hand is all they will need from month to month. I also assumed the $500,000 on hand is not earning interest which would also help generate cash which would help in repayment. The ending cash on hand for October is $710,000 to help cover for November which has a larger amount of cash outflows then cash inflows. This on it's own would bring their cash shortage to $319,500 a savings of $12,000. Still this along with the removal of the $150,000 in dividends will still not eliminate their cash shortage. With the two combined, they still will have a shortage of $169,500. (Exhibit 3)