A1- Key Points-Financial Overview- Custom Snowboards‚ Inc. (CSI) is considering if they should expand into Europe and if it is a sound financial decision. They are going to present their financial status to see if they are able to obtain funding for the company to be able to successfully expand themselves into the European market. The growth of sales and increases in revenue has shown to be a substantial percentage. CSI will want to borrow capital funds of $1 million to be able to finance the project
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Accounts Receivable balance is only about 3% of Sales. This does not seem very high‚ but external factors could help to make this look better or worse depending upon the circumstances. For example‚ if the industry average for account receivable is 5%‚ then Custom Snowboards’ would appear to be in a better situation than the average snowboard manufacturer. Reviewing Custom Snowboards Horizontal Analysis‚ it appears they have already begun reducing the accounts receivable‚ as well as reducing Notes
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Jet 2 Task 2 1. There are a few areas of concern with the Budget that Competition Bike‚ Inc. has displayed within their budget for year 9. The most prominent area of concern in is in the Revenue section of the budget. In the budget for year 9‚ Competition has included units sold to be 3510. This is a lofty prediction given that year 8 had seen such a big decline in that number. In year 8‚ Competition sold 3400 units‚ but the previous year had sold around 4000 units‚ a 15 % decline. The company
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Competition Bikes Inc. Financial Analysis Financial analysis is the process of evaluating a business’s liquidity‚ viability‚ stability‚ and profitability. It is typically used during audits‚ to determine if a business is suitable to be invested in‚ comparison to other companies‚ and to analyze overall financial status. The typical items reviewed during financial analysis are income statements‚ balance sheet‚ and cash flow statements. Once the documents have been reviewed a report is formed and
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Articulation Evaluation 10 (evaluator’s name is not visible to author) Date Evaluated: 08/07/2015 05:38:46 PM (MDT) DRF template: Financial Analysis (GR‚ JET20513) Program: Financial Analysis (GR‚ JET20513) Evaluation Method: Using Rubric Evaluation Summary for Financial Analysis: JET Task 5 Final Score: Does not Meet Evaluator added files: GUIFFO‚ FERNANDO A. T. JET2_task5.8715.pdf (Adobe Acrobat Document) Overall comments: 8/7/15ARTICULATIONThe submitted paper is aptly written in an informational tone. The writing displays sentence fluency
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Introduction: In this task you will prepare a report for the chief financial officer (CFO) to present to a bank vice president who may consider extending a long-term loan to Custom Snowboards‚ Inc. The CFO has requested that you analyze the financial statements to arrive at a selection of key financial statement line items‚ a risk assessment and ratios that the banker may use to assess and‚ if the loan is granted‚ track the progress of the company’s ability to repay the loan. You will prepare
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A1. a. Horizontal Analysis INCOME STATEMENT Years 6 and 7 REVENUE Net sales for Competition Bikes‚ Inc. increased 33% from year 6 to year 7. This yielded a 31.8% increase in costs of goods sold. Gross profit in year 7 was up by 37.5%. This is done by subtracting the cost of goods sold (3‚294‚000) from net sales (4‚485‚000) and resulting in the 37.5%. Their overall net earnings increased 313.4% in the course of year 6 to year 7. That is roughly three times their previous earnings. This growth
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RQLT TASK 5 (Revision 1) In the education field there is a large demand for classroom supplies. Most teachers receive a little financial help‚ but it rarely covers the cost for the whole year. With this in mind‚ many teachers need to purchase school supplies with their own money. Living on a teacher’s salary many times means watching every dollar. If a teacher needs to spend his or her own money on supplies for their room‚ their going to shop around for the best deal out there. A week before
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Task one: A description of how a food safety management procedure ensures effective compliance with current legislation and codes of practice at the University of East Anglia catering Department. Richard A. Sprenger (2008‚ p270) writes “A food safety management system includes the policies‚ procedures‚ practices‚ controls and documentation that ensures the food sold by a food business is safe to eat and free from contaminants”. It is understood that the best method to fulfil these requirements
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EFT4 Task 5 5th and 6th graders will be introduced to the concept of surface area of a cube. When doing so I would first begin by connecting previous learning with the new concept. These previous concepts are the prerequisite skills necessary to complete this task. Students will need to know how to compute for surface area. Some experience with using the equation (L x W) to compute for surface area is also helpful when advancing to surface area of a cube. Secure understanding of multiplication facts
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