Year Ended 30-Sept-19 30-Sept-20 30-Sept-2 Assets ($) Current Assets Cash And Cash Equivalents 6,714,000 4,851,000 15,982,000 44,610,000 7,987,000 Short Term Investments 27,447,000 32,900,000 Net Receivables 11,256,000 8,881,000 Inventory 1,478,000 491,000 421,000 Other Current Assets 2,115,000 1,614,000 1,566,000 Total Current Assets 49,010,000 48,737,000 70,566,000 Long Term Investments 9,232,000 11,004,000 12,210,000 Property Plant and Equipment 3,044,000 2,346,000 12,326,000 Goodwill 3,866,000 3,309,000 3,115,000 Intangible Assets 539,000 499,000 569,000 Accumulated Amortization Other Assets 3,906,000 4,920,000 3,603,000 Total Assets 69,597.000 70,815,000 102,389,000

I need help filling out the excel template with this given information.  Kate has just completed her first year of Kate's Cards. She has been preparing monthly income statements and balance sheets, so she knows that her company has been profitable and that there is cash in the bank. She has not, however, prepared a statement of cash flows. Kate's provides you with the year-end income statement and balance sheet and asks that you construct an statement of cash flows for Kate's Cards.Additional information:1. There were no disposals of equipment during the year2. Dividends in the amount of $1,300 were paid in cash during the year.3. Prepaid expenses relate to operating expenses.Requireda. Construct an statement of cash flows for Kate's Cards for the year-ended August 31, 2019, using the indirect method. Hint: Since this was Kate's first year of operations, the beginning balance sheet account balances were zero.b. Construct an statement of cash flows for Kate's Cards for the year ended…

A bank loan approved for the business that has been paid into the bank account will have the following impact on the accounting equation. Group of answer choices Increase equity and increase asset Decrease an asset and decrease a liability Decrease an asset and decrease stockholders’ equity Increase an asset and increase a liability

The company takes out a $1,000,000 loan from the bank.   Provide the journal entry that would be necessary to record the transaction.

Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed funds was invested in a new building addition as well as in equipment and fixture additions. Choi’s banker requires her to submit semiannual financial statements so he can monitor the financial health of her business. He has warned her that if profit margins erode, he might raise the interest rate on the borrowed funds to reflect the increased loan risk from the bank’s point of view. Choi knows profit margin is likely to decline this year. As she prepares year-end adjusting entries, she decides to apply the following depreciation rule: All asset additions are considered to be in use on the first day of the following quarter. (The previous rule assumed assets are in use on the first day of the month nearest to the purchase date.) Discuss the following: Identify decisions that managers like Choi must make in applying depreciation methods. Is Choi’s rule an…

Jon Fulkerson a credit analyst at the True Credit bank, has received a credit application from Seether LLC, a private company. An abbreviation portion of the financial information provided by the company is shown below: Total Assets:$78000  EBIT:$8600 Net Working Capital:$3900 Book value of total equity:$23000  Accumulated retained earnings:$15000 Total Liabilities:$5500 What is the z-score for this company? 2. Which is the following statement about firms will have the most control over the selling price of its produce? A.Customized wine producer B. A low-end mobile phone producer C.A small-scale petrol station outlet D.A retail outlet E. A grape grower

The Pizza and Coffee Company is owned and operated by Patty Patterson who commenced the business eight years ago. The company is now faced with financial challenges and is therefore in need of financial assistance from Ready Cash a local bank. You and your group members are the accounting associates supporting the credit request to Ready Cash and they are requesting a full set of financial statements to ensure that granting the loan would be financially feasible. Yourhead of finance has furnished you with the latest trial balance for The Pizza and Coffee The company, along with other information relevant to the year under review and you are tasked to prepare the documents requested by Ready Cash. Below is the trial balance which was extracted from the books of the business on December 31, 2020, the end of the company’s financial year.  you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial…

Listed below are a few transactions and events of Melbourn Company.   Melbourn Company guarantees the $100,000 debt of a supplier. It is not probable that the supplier will default on the debt. A disgruntled employee is suing Melbourn Company. Legal advisers believe that the company will probably need to pay damages, but the amount cannot be reasonably estimated.  Indicate the proper financial reporting for each case.

You have recently been hired by Davis & Company, a small public accounting firm. One of the firm’s partners, Alice Davis, has asked you to deal with a disgruntled client, Mr. Sean Pitt, owner of the city’s largest hardware store. Mr. Pitt is applying to a local bank for a substantial loan to remodel his store. The bank requires accrual based financial statements but Mr. Pitt has always kept the company’s records on a cash basis. He does not see the purpose of accrual based statements. His most recent outburst went something like this: “After all, I collect cash from customers, pay my bills in cash, and I am going to pay the bank loan with cash. And, I already show my building and equipment as assets and depreciate them. I just don’t understand the problem.Mr. Pitt has relented and agrees to provide you with the information necessary to convert his cash basis financial statements to accrual basis statements. He provides you with the following transaction information for the fiscal…

You are a Corporate Credit Analyst for your bank. A new corporate customer in the manufacturing sector approached your bank for a large credit facility in the sum of $20 million for production equipment and warehousing. The customer submitted the following financials to you.    The cash position increased from $6.7 million in 2019 to $16 million in 2021. Does this signal a strengthening of the liquidity position of the firm? Explain.