FIN504Mod1Ingmire.xlsx - Module 1 The Role of Managerial...

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Module 1: The Role of Managerial Finance and the Financial Mark P1-1 0 /3 P1-3 0 /3 P1-4 0 /4 P1-5 0 /2 E2-4 0 /2 P2-1 0 /4 P2-4 0 /5 P2-6 0 /2 /25 Please be sure to include your last name and first initial in your file nam NOTE: Must show calculations to earn credit.
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Student Response: P1-1 Liability Comparisons Merideth Harper has invested $25,000 in Southwest Development Comp unpaid debts. Explain the nature of payments, if any, by Ms. Harper in each of the following situations A. Southwest Development Company is a sole proprietorship owned by Ms. Harper.
B. Southwest Development Company is a 50–50 partnership of Meridith Harper and Christopher Black
C. Southwest Development Company is a corporation.
Points earned: pany. The firm has recently declared bankruptcy and has $60,000 in s. k.
/3 (1 point each)
Items Clothes Interest received $ 450 Dining out Groceries Salary $ 4,500 Auto payment Utilities Mortgage Gas Student Response: A. Determine Jane's total cash inflows and cash outflows. (1 point) P1-3 Cash flows It is typical for Jane to plan, monitor, and assess her financial position using cash flow given period, typically a month. Jane has a savings account, and her bank loans money at 6 percent per it offers short-term investment rates of 5 percent. Jane's cash flows during August were as follows: Cash Inflow
B. Determine the net cash flow for the month of August. (1 point)
C. If there is a shortage, what are a few options open to Jane? (1/2 point)
D. If there is a surplus, what would be a prudent strategy for her to follow? (1/2 point)

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