CASE 6B – CHESTER & WAYNE

Apr 15th, 2015
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Ashford University
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Chester & Wayne is a regional food distribution company. Mr. Chester, CEO, has asked your assistance in preparing cash-flow information for the last three months of this year. Selected accounts from an interim balance sheet dated September 30, have the following balances: Cash $142,100 Accounts payable $354,155 Marketable securities 200,000 Other payables 53,200 Accounts receivable $1,012,5........ Questions (use of spreadsheet software is recommended): 1. Prepare a cash budget for each month of the fourth quarter and for the quarter in total. Prepare supporting schedules as needed. (Round all budget schedule amounts to the nearest dollar.) 2. You meet with Mr. Chester and Mr. Wayne to present your findings and happen to bring along your PC with the budget model software. They are worried about your findings in Part 1. They have obviously been arguing over certain assumptions you were given. a. Mr. Wayne thinks that the gross margin may shrink to 27.5 percent because of higher........

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octobarcashflow from operating activitiesfrom customerwarehouse rentdirect expenseindirect expnet cashflow from operating activitiescash flow from investig73057524000-567756-141144456750cash flow from financingnet increase in cashbeginig balancetotalpay for short term borrowingnet cash at the end045675142100187775-67775120000novembercashflow from operating activitiesfrom customerdirect expenseindirect expnet cashflow from operating activitiescash flow from investigacquire equipmentcash flow from financingnet increase in cashbeginig balancetotalselling securitiesborrowingnet cash at the enddecember767055.6-596148-14445626451.6-2500000-223548.4120000-103548.420000023548.4120000cashflow from operating activitiesfrom customerdirect expenseindirect expnet cashflow from operating activitiescash flow from investigcash flow from financingdividend paymentnet increase in cashbeginig balancetotalselling securitiesborrowingnet cash at the end805424.4-625968-14792831528.40-45000-13471.6120000106528.4013471.61200004th quartercashflow from operating activitiesfrom customerwarehouse rentdirect expenseindirect expnet cashflow from operating activitiescash flow from investigacquire equipmentcash flow from financingdividend paymentnet increase in cashbeginig balancetotalselling securitiesborrowingnet cash at the end230305524000-1789872-433528103655-2500000-45000-191345142100-4

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