Answer:
Monty Corporation
Computation of Cash at December 31, 2020:
$485,000.
Explanation:
a) Data and Calculations:
Net cash provided by operating activities = $486,000
Net cash used by investing activities = (976,000)
Net cash provided by financing activities = $627,000
Net cash inflow = $ 137,000
January 1, 2020 Cash balance 348,000
December 31, 2020 Cash balance $485,000
b) The above implies that Monty made more (cash inflow) cash of $137,000 between January 1, 2020 and December 31, 2020. This is added to the January 1, 2020 cash balance to arrive at the December 31, 2020 cash balance.
Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Explanation:
Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.
The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Therefore, the correct option is C.
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Answer:
The specialty or expertise of the financial institution
Their Management and Board composition
Their capital adequacy
Their performance
Explanation:
1) Specialty/Expertise:
Different financial institutions have their different area of strength/competence. Some are good in retail, some are good investment banking, some are good in deal making and consolidation etc. Depending on the purpose for which they are to be deployed, the area of their competence would matter most. E.g contracting a bank that is predominantly strong in retail banking to execute an M&A deal would not be ideal.
2) Management & Board composition:
The strength of a financial institution is as good as the quality of the people managing it. The expertise and know how of the management in key areas of business development, strategy, operations etc. will be vital for the growth of the financial institution
3) Capital adequacy
The adequacy of the capital structure of a financial institution is critical as it determines how much business and risk it can take on. By capital adequacy, we simply mean the ratio of its equity to debt. The less leverage its balance sheet is, the more business it can take on. This is critical if the volume of transaction one is about to transact with the financial institution is large.
4) Performance
The performance of a financial institution will show how efficient it is at generating returns and creating value to its shareholders and well as stakeholders. Every investor has an expectation of returns, a financial institution should be able to meet or exceed the market average for such performance yardstick as margin, ROI (return on investment), Return on Asset (ROA) etc
Answer: -248.5
Explanation: The money a business has before paying its financial obligations is called unlevered cash flow. Example- Money in business left before interest payments and operating expenses is its unlevered cash flow.
It can be computed using following formula :-
UFCF = EBIT- TAXES+ DEPRICIATION - CAPITAL EXPENDITURE - INCREASE IN WORKING CAPITAL
putting the values into equation we have :-
UFCF = 18 - 27.5 - 239
= -248.5
