Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Sunset boards

31/10/2020 Client: papadok01 Deadline: 3 days

CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS, INC.

Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company’s financial records are not well maintained.

The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively small, and the company has made surfboards only for its own store, the investors haven’t required detailed financial statements from Tad. But thanks to word of mouth among professional surfers, sales have picked up recently, and Tad is considering a major expansion. His plans include opening another surfboard store in Hawaii, as well as supplying his “sticks” (surfer lingo for boards) to other sellers.

Tad’s expansion plans require a significant investment, which he plans to finance with a combination of additional funds from outsiders plus some money borrowed from banks. Naturally, the new investors and creditors require more organized and detailed financial statements than Tad has previously prepared. At the urging of his investors, Tad has hired financial analyst Christina Wolfe to evaluate the performance of the company over the past year.

After rooting through old bank statements, sales receipts, tax returns, and other records, Christina has assembled the following information:

2014 2015
Cost of goods sold $169,619 $248,263
Cash 28,372 42,865 Depreciation 55,50662,738
Interest expense 12,06713,831
Selling & administrative expenses 38,668 50469
Accounts payable 20,14334,091
Net fixed assets 244,881298,350
Sales385,724470,172
Accounts receivable 20,10426,078
Notes payable 22,85524,955
Long-term debt 123,607140,000
Inventory 38,70652,057
New equity 0 15,000

Sunset Boards currently pays out 40 percent of net income as dividends to Tad and the other original investors, and has a 30 percent tax rate. You are Christina’s assistant, and she has asked you to prepare the following:

Instructions

In an Excel document, prepare the following financial statements for the mini-case “Cash Flows and Financial Statements at Sunset Boards, Inc.” on pages 47 and 48 of the textbook:
Income Statement for 2014 and 2015
Balance Sheet for 2014 and 2015
In the Excel document, also calculate:
the Operating Cash Flow for each year
the Cash Flow from Assets for 2015
the Cash Flow to Creditors for 2015
the Cash Flow to Stockholders for 2015
Tad Marks, the company’s founder, is considering expanding the business, which will require a substantial investment. Evaluate the financial statements you have developed and Sunset Board’s cash flow.
In your Excel document or a separate Word document, write a paragraph explaining whether you feel expansion would be a wise choice and why.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Buy Coursework Help
Instant Assignments
Essay Writing Help
Online Assignment Help
Finance Homework Help
Top Writing Guru
Writer Writer Name Offer Chat
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Instant Assignments

ONLINE

Instant Assignments

Good day dear client, I am a full-time freelance writer with years of experience. My strongest strengths are strong dedication to duty, reliability, quality and excellence. I am going to do an outstanding job for you, kindly PM me and let us commence. Thank you so much in anticipation of your positive response. Thank you very much.

$55 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I am a qualified and experienced Writer, Researcher, Tutor, analyst and Consultant. I hold MBA (Strategic Management) (Finance and Marketing) & CPA.K (Accounting and Finance.)

$62 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

Hi dear, I am ready to do your homework in a reasonable price.

$55 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I have a Master’s degree and experience of more than 5 years in this industry, I have worked on several similar projects of Research writing, Academic writing & Business writing and can deliver A+ quality writing even to Short Deadlines. I have successfully completed more than 2100+ projects on different websites for respective clients. I can generally write 10-15 pages daily. I am interested to hear more about the project and about the subject matter of the writing. I will deliver Premium quality work without Plagiarism at less price and time. Get quality work by awarding this project to me, I look forward to getting started for you as soon as possible. Thanks!

$55 Chat With Writer
Top Writing Guru

ONLINE

Top Writing Guru

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$60 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Change management principles and methodologies - Journal - Annex 11 computerised systems - Dunphy and stace change matrix - In the opening vignette on sports analytics, what was adjusted to drive one-time ticket sales? - Calculus 2 problem - Harmonization of accounting standards ppt - Shakespeare in love dialogues - Business communication process and product 8th edition free - Financial markets and institutions test bank free - How using social media affects teenagers rachel ehmke - Fired heaters in refineries - Pbebank com online banking - Doctor of medicine unimelb - Jb hi fi phone covers - 7 reid walk macleod - Qualitative research creswell 2014 pdf - Research paper. - Hsa ergonomics workshop - Cuisenaire rods addition worksheets - Shopping cart project in c++ - Army blc sharp essay - Blood diamond movie script - Balance sheet exercises with answers - What was the roof of the globe theatre made of - How to measure 3 phase power - Audit procedures for property plant and equipment - Halo effect pmp peter principle - Surveymonkey single textbox vs comment box - Newton's second law of motion air track lab report - For a data set of chest sizes - The frog song japanese - Stamford endowed schools term dates - Four lenses of wellness - Eagle eye battery monitoring system - Nouadhibou ship graveyard google maps - Aldi outgoing mail server - Magnetic field of a solenoid lab answers - Financial Econ - Reproduction in bacteria ppt - Aami safe driver rewards - A study of loosely coupled coils for wireless power transfer - Calculate the required rate of return for manning enterprises - Persuasive essay outline worksheet - Strain gauge factor derivation pdf - The financial industry uses business intelligence to predict hardware failures - Literary devices in julius caesar act 3 - How many quetzales per dollar - International plastics inc. standards and protocol review - Bis 104 uc davis - Witch of agnesi parametric equation - Assignment - Excel manufacturing ltd huddersfield - Knickers and petticoats washington indiana - Persuasive speech monroe motivated sequence sample - Patrick the human resources manager at acme company - Netop remote control download - The importance of being earnest unit test answers - Giorgione's painting the tempest paved the way for future - How to report logistic regression results apa style - Dimensions of information systems ppt - Discussion 3 Japan - Act 2 scene 1 much ado about nothing summary - Lg supply chain management ppt - Sonnet 116 modern english - Apostrophe figurative language examples - Litterature - Walden university nursing specialty comparison matrix - Class 1b building requirements qld - Lds new testament institute student manual - The ability to provide financial rewards sufficient to attract and retain financing is called - U.S. Film And Theater Studies - Sample oath of office philippines - Measure of heat crossword clue - Legislative worksheet sbar format - Healthcare Finance - How did davy crockett actually die - Discussion - Disadvantages of living in the city - Southwest airlines pestel analysis - Explore science working scientifically - Jennifer kent movies and tv shows - Cyber Security Discussion 14 - Comprehensive problem 3 kornett company balance sheet - Cleveland playhouse square lion king - The boy in striped pyjamas questions and answers - Discussion - Southern cross insurance claim form - Old quarterbacks never die they just math worksheet - Dr michael oldmeadow alfred hospital - Discussion Post Juveniles’ Rights to Due Process" - Nhmrc infant feeding guidelines - Model railway computer control software - Varicose veins investigation ppt - Denver airport case study project management - Snow removal cost per month - Rei employee login snaplink - Bargaining power of buyers in healthcare industry - Summary of major counseling theories - Best budget tig welder australia