Complete the steps in the attached template.
Step 1: Financing
The junior accounting team has assembled a Financing Report that
(a) offers three options for securing the additional funds required to
meet the new order; and (b) details the criteria Shaun, the owner of
SunsTruck, would like you to consider when choosing one of the options.
Based on this report:
- Identify which financing option you think is the best
option for SunsTruck to pursue given Shaun’s constraints. Explain the
rationale for your decision.
Step 2: Accounting Cycle
A junior accountant is working to get everything in order for the
new financing and has come to you with a question about what do next in
the accounting cycle.
- Read the email the junior accountant sent you and
identify the best next step to take in the accounting cycle. Explain
Step 3: Financial Statements
A potential investor has been identified, but before it is
willing to commit, it has requested information about SunsTruck’s
current debt from the junior accountants.
- Identify the correct financial statement for your junior
accountants that will provide the investor with the information it has
requested. Explain to your junior accountants why you are giving them
this financial statement and where the debt information is located.
Step 4: Financial Analysis
If you were the type of financier selected in Step 1, would you invest in SunsTruck? Explain the rationale for your decision.