Dealership Financial Statements Assignment

Dealership Financial Statements Assignment
Using the financial statement provided to you (do not use the assignment for the course), calculate and analyze the frozen capital of the dealership.

  1. Prepare a memo as if you were writing to the Dealer Principal which reports on the results of your assessment. Assume he/she doesn’t know what frozen capital is or why you are checking these numbers. You must be explicit and clearly explain, for example, what is wrong with the numbers.
    • Calculate the following types of frozen capital to include in the report: Dealership Financial Statements Assignment
      1. Accounts receivable (don’t forget to deduct any related allowances from the totals.)
      2. Warranty receivables
      3. Used truck inventory (include remarketed vehicles in the assets and CGS. Exclude wholesale sales from the sales figures.)
      4. Parts inventory (don’t forget to deduct any related allowances from the totals.)

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    • The final submission should include the following in one Word document:
      1. An introduction to telling the reader why you are writing the memo. What is the memo about and how did you arrive at your analysis.
      2. Use clear headings to show each section. (Bold or underline or larger font – or a combination of these.)Your report should have a section devoted to each of the 4 calculations listed above.
      3. Show your calculations and numbers you used in the body of the report as a figure/table next to where you discuss it. Cut/paste them into the body of your report that is good. Excel and Word will let you do this or take a picture and crop it to insert in the right place.
        • Do not just attach the calculations in a separate document. And don’t just copy the chart at the end of the memo. The right information needs to be in the right section of the report. Dealership Financial Statements Assignment
        • Each section will include its own title, intro text, calculations, and then the explanation for the section.
        • Hint: If you want to cut/paste from Excel to Word it looks nicest if you “paste as a picture”. If you are not sure how to do this, email to ask (or Google it).
      4. Explain what the result of your calculation means. Are things ok? Is there a problem? What sort of problem? How do you know? Provide the related analysis for each ratio before going on to the next one. Show that you understand what the calculation is telling the dealer. Do not just repeat the amounts which you have included in the report and the math – that is a duplication of facts and is not needed as you will include your calculations in an image. Tell the reader what they might need to do to fix it.
      5. A conclusion that summarizes the results and identifies the biggest issue which the dealership should fix first.

Dealership Financial Statements Assignment
 

 
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Global Issues for the Finance Professional

Global Issues for the Finance Professional
The Coursework Task
There is one requirement in this section. The response to the requirement should be submitted in no more than 4,000 words. Penalties apply for exceeding the word count. No formal penalties apply for using fewer than 4,000 words but in so doing you may be penalizing yourself as it is likely to be challenging to respond to the requirement in less than 4,000 words.

Context:

The coursework is based on Themes 1 and 2 of the study materials.
Theme 2 is focused on the benefits, both actual and perceived, that regulators believe accrue from IFRS, in general, but specifically on those that arise from harmonization of IFRS. These benefits include, but are not limited to, improvements in the quality and transparency of financial reporting so that the value of earnings in a period is accurately produced. Global Issues for the Finance Professional

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However, topic 4 of Theme 1 focuses on tax avoidance by corporations and the effect this can have on stakeholders. In such circumstances, managers are effectively using earnings management techniques to report lower than actual profits. These techniques may be allowable within the reporting regulatory framework but could adversely affect the transparency of reporting.
So there appears to be a problem. On the one hand, IFRS is designed to improve the information obtained by financial reporting but on the other hand, it is still possible for firms to undertake earnings management with the deliberate intention of reducing tax liabilities.

Required:

Discuss the issues raised by having an apparent conflict between the application of IFRS with the benefits it provides with earnings management which is designed to avoid paying corporation tax liabilities. Consider if there is justification for allowing any form of earnings management within IFRS. Global Issues for the Finance Professional
 

 
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Finance for Strategic Decision Making

Finance for Strategic Decision Making
Task Details:
Choose any private or public company and obtain the financial statements or annual reports for two years. Some of the annual reports will be over a hundred pages long, do not be daunted by this. Only a small amount of information from these reports will be required for this assignment.
Go to the contents page of the annual report and see the pages that the financial statements are located at. Skip to these pages and print the Income Statement and the Balance Sheet (known also as the Statement of Financial Position). Add these pages to your assignment. These are the only pages, which will need to be added to the annual report.
The analysis is to be done on EXCEL. You should first copy the data from Income Statement and the Balance Sheet into EXCEL and then perform the analysis. Finance for Strategic Decision Making

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Perform the following tasks listed below:

  1. Apply the ratios as per slides to the Income Statement and the Balance Sheet (Statement of Financial Position) over 2 years. You may want to find the financial ratios from the following headings:
  • Profitability
  • Efficiency
  • Liquidity
  • Financial Strength/ Gearing
  • Investment

(You may use other RELEVANT ratios)

  1. Compare and contrast the financial ratios for the company from the point of view of any two stakeholders (example: shareholders, bank, suppliers, customers, etc.).
  2. Research the company on their website, use articles from the national print media, in your own words, give an overview of the business activities and financial performance of the company, and also summarizes with reference to the past performance what you think the future holds (future performance) for the company and if they may need to make contingency plans for future shocks.
  3. Written Report, Appendix and Bibliography

Finance for Strategic Decision Making

 
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Corporate Financial Management

Corporate Financial Management
Question 1
Identity and discuss the drivers of corporate value, (those described in the course material) for Alibaba Group Holding Ltd (Hong Kong stock code: 9988). Use the market value added (MVA) approach to quantify the creation and/or destruction of value from 2nd March 2020 to 11 September 2020. Corporate Financial Management
Note: Question 1’s word count requirement is between 1,000 and 1,200 words. Students are to provide the word count on the first page of the report. References: minimum of 5. There should be a brief introduction, the body of the answer, and a conclusion section. Students are expected to write clearly and concisely, with appropriate in-text citations and references provided (Harvard system).
Question 2
Ezsky plc produces wind turbines and is considering buying supplementary equipment that will decrease manpower needs to produce a unit from 5 manhours to 2 manhours. The main machinery has 3 more periods of useful life. If the supplementary equipment is purchased, the existing (main) machine will not be sold at a scrap value of $10,000.

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The production units are estimated depending on the state of the green industry, as follows:
Industry                                               Period 1           Period 2           Period 3
Weak (probability 70%)          2,000 units       3,000 units       2,500 units
Strong (probability 30%)         8,667 units       9,667 units       14,167 units
The employee hourly rate for the coming period is £7.00, rising in period 2 and period 3 to £8.00 and £9.00 respectively. Corporate Financial Management
The supplementary equipment has a capital cost of £300,000 with an estimated residual value at the end of period 3 of £60,000. Capital allowances are at 25% on a reducing balance basis.
The company pays corporation tax at a rate of 30% per period. The authorities will provide a one-off cash grant of $5,000 at the end of the first year.
The company assesses projects of this type using a discount rate of 5% per period.
Any difference between the written down value and proceeds from the sale may be claimed as a tax credit. Taxes are considered one period in arrears.
Required:

  1. Calculate the annual cost savings for periods 1, 2, and 3.
  2. Calculate the taxable profits for periods 1, 2, and 3.
  3. Calculate the total cash flows for each period.
  4. Calculate the expected net present value of the project suggesting whether the company should invest in the supplementary equipment.

Corporate Financial Management
 

 
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