Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
Title: Financial Accounting Cycle I
Description: The Use of Financial Information
Description: The Use of Financial Information
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
Increase in Cash is $6,030 i
...
$(7,750 – 1,720)
Inflow
Cash A/C
Bal
...
12,000a
O+…………… 1,100c
O+……………
...
1,700g
O+………………… 80i
Bal
...
Outflow
5,400b
1,200h
600h
2,400j
7,750
Prepared by Joan Thomas-Stone
GRAYSON ARCHITECTURE
Statement of Cash Flows
Period Ended May 31, 20x7
Cash flows from Operating Activities:
Cash received from customers
Cash paid to suppliers
Cash paid for expenses
Net cash used for operating activities
Cash flows from Investing Activities:
Cash flows from Financing Activities:
Additional investment by owner
Withdrawal by owner
Net cash provided by financing activities
Net increase in cash for the period
Cash balance at 1/5/20x7
Cash balance at 31/5/20x7
1,930
(5,400)
(1,800)
(5,270)
0
13,700
(2,400)
11,300
6,030
1,720
7,750
Using Financial Information
Using Financial Information
Evaluating Solvency
Ability of the business to meet financial obligations as
they become due i
...
S-T debt paying ability
Evaluating Profitability
Increase in owners/shareholders equity
Results from revenues exceeding expenses
...
Net Income Percentage = NI/Total Revenue
= $4,300/$6,100
(23,660 + 39,260)/2
= 0
...
5%
2
...
Working Capital = CA – CL
= $(15,880 – 720)
= $15,160
2
...
06 times
Prepared by Joan Thomas-Stone
= $4,300/$31,460
= 0
...
7%
1
Title: Financial Accounting Cycle I
Description: The Use of Financial Information
Description: The Use of Financial Information