FIN 575 UOP Balance Sheet Cash Flow & Profit and Loss Statement Discussion
Description
BALANCE SHEET AND CASH FLOW STATEMENT
Purpose of Assignment:
The purpose of this is for students to initiate and complete a comprehensive financial plan. The ultimate result will be a set of pro forma financial statements including an Income Statement, Balance Sheet, and Cash Flow Statement. The student will develop requisite assumptions about the dollar values to be budgeted. We will use the profit and loss statement you created in week four to create the first year balance sheet and cash flow statement for your company.
Steps:
Assume this is the first year of your business and use the week 4 profit and loss statement from year 1 for the purpose of creating your balance sheet and cash flow statement.
- Create a properly formatted balance sheet addressing the instructor’s findings from previous class by doing the following: Review the revenue and expense items based on comments made by the instructor, if any, from week four to best estimate realistic values for the balance sheet.
- Create a properly formatted cash flow statement addressing the instructor’s findings from previous class by doing the following: Review the revenue and expense items based on comments made by the instructor, if any, from week four to best estimate realistic values for the cash flow statement.
- Conduct an internet search for or use an example located in the textbook as a template to create a properly formatted balance sheet and cash flow statement. I will also provide an example which was posted in class in week four and will repost in week five which shows all three financial statements with sample data and how they are connected and prepared.
- Explain the order in which the financial statements are prepared and how they are connected.
Format consistent with APA guidelines.
PEER RESPONSE 1
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
Hello Professor & Class,
Discuss the top three sources for companies to borrow money from, for a new building purchase.
- Crowdfunding – this is the method that is used to raise capital through resources like family, friends and possibly individual investors to finance a business
- Angel Investors – a private investor who typically provides the financial backing for small businesses
- Debt Capital – this is the debt that occurs when a business takes out a loan
What are the typical lending interest rates? The interest rate is typically based off the amount of loan that is being requested and can vary starting at 2% and above, though I do see 7% as a pretty standard rate.
What are the required collateral? Typically, collateral can be many things, the most common are houses, cars, any stock that’s available, bonds and current cash on hand
What are the repayment terms at each of the three sources?
- Crowdfunding – You are not required to pay back money that is earned through crowdfunding, unless that is a personal agreement you made with a specific person
- Angel Investors – they have ownership stake in the company, if the startup does well then you and th einvestor will both see the financial rewards. However, if the business is not successful typically an angel investor will not expect a pay back on the fund that were offered to you originally
- Debt Capital – monthly payments that include interest, these terms are written within the agreement, you can pay more each month to reduce the time of th eloan or pay the minimum monthly fee until the loan is paid in full
Thank you,
Shannon Moore
PEER RESPONSE 2
Two of the the funding options that I am most familiar with are crowfunding and angel investors. Crowfunding is where you borrow a smaller amounts of money from large amounts of people. This takes the burden of having to have one or two donors funding a large amount. This manner of funding spreads the burden amongst a wider spread of people and not all on one or two.
Angel investors is another type of funding that I am familiar with.Angel investors are funders who have a high net worth that typically support start up companies. Angel investors usually do not require collateral, and the loan would not accumulate any interest which is very helpful to a start up company.
Another option would be a secure loan to cover the start up costs. A secured loan often requires collateral assets to protect the lender and ensure that the lender does not lose their investment. Secured loans can have a range of interest that would increase the financial obligation that the new business would have to pay.
WEEK 6 DISCUSSION
Respond to the following in a minimum of 175 words:
Organizational budgets assist businesses leaders with awareness of expenditures and managing resources. Businesses use a variety of budgets to measure their spending and develop effective strategies for maximizing their assets and revenues. Organizational budgets are generally designed to meet specific needs of the organization.
- Discuss the benefits that may be achieved by creating a business budget.
- Discuss the likely organizational problems that may arise from not creating a business budget.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
PEER RESPONSE 1
- Discuss the benefits that may be achieved by creating a business budget.
Having a business budeget can have mant benefits that can assit in a business. One example of a benefit of having a budget to allow for a firmm to have a set amount of revenue that will allow the establishement to have a resource that will allow a business to project the needs of a specific time period that will maintain daily operations and monitor the oppportunities in the marketplace that will allow for a business to increase its revenue through having cash on hand that will not intefere with the needs that are accounted for as far as what the compan will need in order to survive and what acess that is avaiable that will assist in achieving the needs and wants of the business . Another benefit of having a budget is to allow a firm to not overspend and be a more disiplined as well as efficeint in objectivity that will provide for more flexibility in order to make progress in the marketshare .
FIN 575 UOP Balance Sheet Cash Flow & Profit and Loss Statement Discussion
In-Text Citations: The Basics
Note: This page reflects the latest version of the APA Publication Manual (i.e., APA 7), which released in October 2019. The equivalent resource for the older APA 6 style can be found here.
Reference citations in text are covered on pages 261-268 of the Publication Manual. What follows are some general guidelines for referring to the works of others in your essay.
Note: On pages 117-118, the Publication Manual suggests that authors of research papers should use the past tense or present perfect tense for signal phrases that occur in the literature review and procedure descriptions (for example, Jones (1998) found or Jones (1998) has found…). Contexts other than traditionally-structured research writing may permit the simple present tense (for example, Jones (1998) finds).
APA Citation Basics
When using APA format, follow the author-date method of in-text citation. This means that the author’s last name and the year of publication for the source should appear in the text, like, for example, (Jones, 1998). One complete reference for each source should appear in the reference list at the end of the paper.
If you are referring to an idea from another work but NOT directly quoting the material, or making reference to an entire book, article or other work, you only have to make reference to the author and year of publication and not the page number in your in-text reference.
On the other hand, if you are directly quoting or borrowing from another work, you should include the page number at the end of the parenthetical citation. Use the abbreviation “p.” (for one page) or “pp.” (for multiple pages) before listing the page number(s). Use an en dash for page ranges. For example, you might write (Jones, 1998, p. 199) or (Jones, 1998, pp. 199–201). This information is reiterated below.
Regardless of how they are referenced, all sources that are cited in the text must appear in the reference list at the end of the paper.
In-text citation capitalization, quotes, and italics/underlining
* Always capitalize proper nouns, including author names and initials: D. Jones.
* If you refer to the title of a source within your paper, capitalize all words that are four letters long or greater within the title of a source: Permanence and Change. Exceptions apply to short words that are verbs, nouns, pronouns, adjectives, and adverbs: Writing New Media, There Is Nothing Left to Lose.
(Note: in your References list, only the first word of a title will be capitalized: Writing new media.)
* When capitalizing titles, capitalize both words in a hyphenated compound word: Natural-Born Cyborgs.
* Capitalize the first word after a dash or colon: “Defining Film Rhetoric: The Case of Hitchcock’s Vertigo.”
* If the title of the work is italicized in your reference list, italicize it and use title case capitalization in the text: The Closing of the American Mind; The Wizard of Oz; Friends.
* If the title of the work is not italicized in your reference list, use double quotation marks and title case capitalization (even though the reference list uses sentence case): “Multimedia Narration: Constructing Possible Worlds;” “The One Where Chandler Can’t Cry.”
SHORT QUOTATIONS
If you are directly quoting from a work, you will need to include the author, year of publication, and page number for the reference (preceded by “p.” for a single page and “pp.” for a span of multiple pages, with the page numbers separated by an en dash).
You can introduce the quotation with a signal phrase that includes the author’s last name followed by the date of publication in parentheses.
According to Jones (1998), “students often had difficulty using APA style, especially when it was their first time” (p. 199).
Jones (1998) found “students often had difficulty using APA style” (p. 199); what implications does this have for teachers?
If you do not include the author’s name in the text of the sentence, place the author’s last name, the year of publication, and the page number in parentheses after the quotation.
She stated, “Students often had difficulty using APA style” (Jones, 1998, p. 199), but she did not offer an explanation as to why.
LONG QUOTATIONS
Place direct quotations that are 40 words or longer in a free-standing block of typewritten lines and omit quotation marks. Start the quotation on a new line, indented 1/2 inch from the left margin, i.e., in the same place you would begin a new paragraph. Type the entire quotation on the new margin, and indent the first line of any subsequent paragraph within the quotation 1/2 inch from the new margin. Maintain double-spacing throughout, but do not add an extra blank line before or after it. The parenthetical citation should come after the closing punctuation mark.
Because block quotation formatting is difficult for us to replicate in the OWL’s content management system, we have simply provided a screenshot of a generic example below.
Formatting example for block quotations in APA 7 style.
QUOTATIONS FROM SOURCES WITHOUT PAGES
Direct quotations from sources that do not contain pages should not reference a page number. Instead, you may reference another logical identifying element: a paragraph, a chapter number, a section number, a table number, or something else. Older works (like religious texts) can also incorporate special location identifiers like verse numbers. In short: pick a substitute for page numbers that makes sense for your source.
Jones (1998) found a variety of causes for student dissatisfaction with prevailing citation practices (paras. 4–5).
A meta-analysis of available literature (Jones, 1998) revealed inconsistency across large-scale studies of student learning (Table 3).
SUMMARY OR PARAPHRASE
If you are paraphrasing an idea from another work, you only have to make reference to the author and year of publication in your in-text reference and may omit the page numbers. APA guidelines, however, do encourage including a page range for a summary or paraphrase when it will help the reader find the information in a longer work.
According to Jones (1998), APA style is a difficult citation format for first-time learners.
APA style is a difficult citation format for first-time learners (Jones, 1998, p. 199).
Description
BALANCE SHEET AND CASH FLOW STATEMENT
Purpose of Assignment:
The purpose of this is for students to initiate and complete a comprehensive financial plan. The ultimate result will be a set of pro forma financial statements including an Income Statement, Balance Sheet, and Cash Flow Statement. The student will develop requisite assumptions about the dollar values to be budgeted. We will use the profit and loss statement you created in week four to create the first year balance sheet and cash flow statement for your company.
Steps:
Assume this is the first year of your business and use the week 4 profit and loss statement from year 1 for the purpose of creating your balance sheet and cash flow statement.
- Create a properly formatted balance sheet addressing the instructor’s findings from previous class by doing the following: Review the revenue and expense items based on comments made by the instructor, if any, from week four to best estimate realistic values for the balance sheet.
- Create a properly formatted cash flow statement addressing the instructor’s findings from previous class by doing the following: Review the revenue and expense items based on comments made by the instructor, if any, from week four to best estimate realistic values for the cash flow statement.
- Conduct an internet search for or use an example located in the textbook as a template to create a properly formatted balance sheet and cash flow statement. I will also provide an example which was posted in class in week four and will repost in week five which shows all three financial statements with sample data and how they are connected and prepared.
- Explain the order in which the financial statements are prepared and how they are connected.
Format consistent with APA guidelines.
PEER RESPONSE 1
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
Hello Professor & Class,
Discuss the top three sources for companies to borrow money from, for a new building purchase.
- Crowdfunding – this is the method that is used to raise capital through resources like family, friends and possibly individual investors to finance a business
- Angel Investors – a private investor who typically provides the financial backing for small businesses
- Debt Capital – this is the debt that occurs when a business takes out a loan
What are the typical lending interest rates? The interest rate is typically based off the amount of loan that is being requested and can vary starting at 2% and above, though I do see 7% as a pretty standard rate.
What are the required collateral? Typically, collateral can be many things, the most common are houses, cars, any stock that’s available, bonds and current cash on hand
What are the repayment terms at each of the three sources?
- Crowdfunding – You are not required to pay back money that is earned through crowdfunding, unless that is a personal agreement you made with a specific person
- Angel Investors – they have ownership stake in the company, if the startup does well then you and th einvestor will both see the financial rewards. However, if the business is not successful typically an angel investor will not expect a pay back on the fund that were offered to you originally
- Debt Capital – monthly payments that include interest, these terms are written within the agreement, you can pay more each month to reduce the time of th eloan or pay the minimum monthly fee until the loan is paid in full
Thank you,
Shannon Moore
PEER RESPONSE 2
Two of the the funding options that I am most familiar with are crowfunding and angel investors. Crowfunding is where you borrow a smaller amounts of money from large amounts of people. This takes the burden of having to have one or two donors funding a large amount. This manner of funding spreads the burden amongst a wider spread of people and not all on one or two.
Angel investors is another type of funding that I am familiar with.Angel investors are funders who have a high net worth that typically support start up companies. Angel investors usually do not require collateral, and the loan would not accumulate any interest which is very helpful to a start up company.
Another option would be a secure loan to cover the start up costs. A secured loan often requires collateral assets to protect the lender and ensure that the lender does not lose their investment. Secured loans can have a range of interest that would increase the financial obligation that the new business would have to pay.
WEEK 6 DISCUSSION
Respond to the following in a minimum of 175 words:
Organizational budgets assist businesses leaders with awareness of expenditures and managing resources. Businesses use a variety of budgets to measure their spending and develop effective strategies for maximizing their assets and revenues. Organizational budgets are generally designed to meet specific needs of the organization.
- Discuss the benefits that may be achieved by creating a business budget.
- Discuss the likely organizational problems that may arise from not creating a business budget.
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
PEER RESPONSE 1
- Discuss the benefits that may be achieved by creating a business budget.
Having a business budeget can have mant benefits that can assit in a business. One example of a benefit of having a budget to allow for a firmm to have a set amount of revenue that will allow the establishement to have a resource that will allow a business to project the needs of a specific time period that will maintain daily operations and monitor the oppportunities in the marketplace that will allow for a business to increase its revenue through having cash on hand that will not intefere with the needs that are accounted for as far as what the compan will need in order to survive and what acess that is avaiable that will assist in achieving the needs and wants of the business . Another benefit of having a budget is to allow a firm to not overspend and be a more disiplined as well as efficeint in objectivity that will provide for more flexibility in order to make progress in the marketshare .
