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1 year ago

long-term assets are the focus of a. cash budgeting. b. investment planning. c. capital budgeting. d. corporate planning.

Business

1 answer:

jeyben [28]1 year ago

6 0

Long-term assets are the focus of corporate planning.

The process by which corporations develop strategies for accomplishing goals and meeting goals is known as corporate planning. It entails the definition of the strategy, the direction of the strategy, decision-making, and resource allocation. A corporate plan is similar to a strategic plan, but the difference is that a corporate plan directs a more complex company with multiple business units or subsidiaries. "Corporate planning includes the setting of objectives, organizing the work, people, and systems to enable those objectives to be achieved, motivating through the planning process and through the plans, measuring performance and so controlling progress of the plans, and developing people through better decision-making. It explains the direction the business as a whole is going and provides a road map to get there.

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3 years ago

[11] Which of the following transactions should be classified as investing activities on an entity’s statement of cash flows? A.

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3 years ago

The current asset section of Guardian Consultant's balance sheet consists of cash, accounts recelvable, and prepald expenses. Th

ivann1987 [24]

Answer:

a) Current Liabilities $2,780,000

b) Long term liabilities $2,680,000

c) Accounts receivable $3,620,000

d) Therefore Acid Test 1.8

Explanation:

Step 1: Calculate the Current Liabilities

The question requires a work-back based on the information given as follows

Stockholders Equity (A) $3,900,000

Debt Equity Ration 1.4

Total debt therefore ($3,600,000 x 1.4) (B) $5,460,000

Total debt and equity therefore is (A + B ) $9,360,000

($3,900,000 + $5,460,000)

Total Equity and Debt = Total Assets

Total Assets therefore $9,360,000

Therefore Current Assets $5,560,000

(Total debt - Non Current Asset)

($9,360,000 - $3,800,000)

Less: Cash and prepaid expenses ($1,940,000)

($1,440,000 + $500,000)

Accounts receivable $3,620,000

Current Ratio therefore is 2.0 (not 20)

Meaning: Current Liabilities $2,780,000

(Current Assets/ Current ratio)

($5,560,000/2)

Step 2: Calculate Long term Liabilities

Total debt (from step 1) $5,460,000

less; Current Liabilities $2,780,000

Long term liabilities $2,680,000

Step 3: Accounts Receivable

Total Assets $9,360,000

Current Assets $5,560,000

(Total debt - Non Current Asset)

($9,360,000 - $3,800,000)

Less: Cash and prepaid expenses ($1,940,000)

($1,440,000 + $500,000)

Accounts receivable $3,620,000

Step 4: The Acid test ratio

Cash $1,440,000

Accounts Receivable $3,620,000

Quick Asset (Cash + Accounts receivable) $5,060,000

Current Liabilities $2,780,000

Therefore Acid Test 1.8

(Quick Asset / Current liabilities)

(5,060,000/2,780,000) 1.8

8 0

3 years ago