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Bolton’s Statement of Cash Flows Discussion
Bolton’s Statement of Cash Flows Discussion
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Bolton’s Statement of Cash Flows Discussion
Scenario:
Your team is working on the opportunity assessment when you are notified there will be room on the agenda of the senior executive monthly meeting for you to present your results. There is great excitement about this assessment, and the senior executives do not want to wait. As you did not anticipate getting in front of them until late next month, this is great news. Next month’s meeting is no longer an option for you because the agenda is being taken over by the results of an audit. Waiting two more months will not allow the company to take advantage of the current project’s timelines. However, the meeting is early next week, and you are less than one-half complete with the assessment activities as you planned them.I need some assistance with a revised schedule for opportunity assessment. We did a schedule in week three that broke down a daily schedule and now we must find opportunity and project schedule adjustments with certain resources to be available for more than 20 hours this week and next. The resources are: Business Manager, Market Research Manager, Market Resource Agency, Brand Consultants Agency, Business Consultant Agency, Sales Manager, and Finance Manager.
When forming a company, the options are sole proprietor, partnership, and corporation. Most choose corporation. Why is the corporate form seen to be best? What rights do the stockholders have?
When raising capital sometimes the decision is to sell stock. What are the pros and cons of selling stock? Is it better to sell common or preferred stock? Why?
Please attempt this exercise on cash flows.
Paul
E12-20A The income statement and additional data of Bolton Travel Products, Inc., follow:
Bolton Travel Products, Inc.
Income Statement
Year Ended December 31, 2012
Revenues:
Service revenue $237,000
Dividend revenue 8,700 $245,700
Expenses:
Cost of goods sold 100,000
Salary expense 59,000
Depreciation expense 28,000
Advertising expense 2,900
Interest expense 2,100
Income tax expense 14,000 206,000
Net income $39,700
Additional data:
- Acquisition of plant assets was $130,000. Of this amount, $75,000 was paid in cash and $55,000 by signing a note payable.
- Proceeds from sale of land totaled $25,000.
Proceeds from issuance of common stock totaled $50,000.
- Payment of long-term note payable was $16,000.
Payment of dividends was $11,000.
From the balance sheets:
12/31/2012 12/31/2011
Current assets:
Cash $125,000 $50,800
Accounts receivable 41,000 57,000
Inventory 94,000 73,000
Prepaid expenses 9,200 8,700
Current liabilities:
Accounts payable $32,000 $18,000
Accrued liabilities 82,000 57,000
▸ Prepare the operating section of Bolton’s statement of cash flows for the year ended December 31, 2012, using the indirect method.
Bolton’s Statement of Cash Flows Discussion
RUBRIC
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