Mid-Term-1-Question%20Pools%2bSolutions-Blackboard-1

Mid-Term-1-Question%20Pools%2bSolutions-Blackboard-1 -...

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Mid-Term 1 Question Pools Click on the previous tab (see bottom of this sheet) Specific Questions Regarding the Solution to the Mid-Term 1 Monthly Budgeted Financial Statements 1 What were your operating cash receipts in July ( or August)? 2 What were you operating cash expenditures in July (or August)? 3 What was your net operating cash flow in July (or august)? 4 What were your non-operating cash receipts in July ( or August)? 5 What were you non-operating cash expenditures in July (or August)? 6 What was your net non-operating cash flow in July (or august)? 7 What was your net total cash flow in July (or August)? 8 How much cash do you have available at the end of July (or August)? 9 Does this monthly cash flow statement indicate that you are improving your management of working capital? How can you tell this is so? 10 efficient manager's point of view? How do you know this? 11 Is this company generating a profit in July? Yes > No > If so, how much is the profit? If not, how much is the loss? >>> 12 Could this company buy a $20,000 oven for cash on August 31? 13 Name 3 of the 5 actions you were told in class that a manager could take to improve the July (or August) ending cash balance in the bank. (1) (2) (3) 14 Name 3 reasons that you see on this monthly cash flow statement that explain why this company is generating a profit in August and yet has an increasingly negative operating cash flow in August when compared to July? (See below for how to approach answering this question) (1) (2) (3) Is this company's net operating cash flow getting better or worse from an HOW TO ANSWER QUESTION # 14 ABOVE ------Compare the income statement and the operating cash flow statements line by line. Jot down the amounts that are greater on the cash flow statement than their related amounts on the income statement - for instance sales on the income statement are related to cash receipts on the cash flow statement. Cost of sales is related to purchases on the cash flow statement. This way you will find any cash receipts that are lower than sales and any expenditures that are greater than expenses. Remember cash receipts and expenditures are terms that can only be used on a cash basis statement, and sales and expenses can only be used on accrual basis statements.
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only be used on accrual basis statements.
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Mid-Term 1 Question Pools Click on the next tab (see bottom of this sheet) General Questions Regarding Budgeting 1) List the six advantages and four disadvantages of budgeting. Advantages of budgeting
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This note was uploaded on 03/07/2011 for the course HFT 4486 taught by Professor Brier during the Spring '07 term at FIU.

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Mid-Term-1-Question%20Pools%2bSolutions-Blackboard-1 -...

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