FIN 486 CART Become Exceptional--fin486cart.com FIN 486 Entire Course - Page 12

Review Huffman Trucking's financial information within the Virtual Organizations web link located on the course materials page. Create a spreadsheet for each department manager to complete his or her budget. Refer to the finance and accounting information for budget examples. Include an area in each spreadsheet for managers to list major assumptions. Draft a memo directed to department managers, containing the following information: · A summary of team players and their role in creating a strategic plan · Instructions explaining how managers should complete their budgets in the spreadsheets, including information needed to prepare a cash flow budget, and to time cash coming in and going out Create a sales forecast predicting sales over the next 2 years. Use financial information available on the Huffman Trucking Web site to create the forecast. Format the memo consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. ============================================== FIN 486 Week 2 Team Assignment (P4-6, P4-19) FOR MORE CLASSES VISIT www.fin486cart.com P4–6 Finding operating and free cash flows Consider the following balance sheets and selected data from the income statement of Keith Corporation. Keith Corporation Balance Sheets December 31 Assets 2015 2014 Cash $ 1,500 $ 1,000 Marketable securities 1,800 1,200 Accounts receivable 2,000 1,800 Inventories 2,900 2,800 $ 8,200 $ 6,800 Gross fixed assets $29,500 $28,100 Less: Accumulated depreciation 14,700 13,100 Net fixed assets $14,800 $15,000 Total assets $23,000 $21,800 Total current assets Liabilities and stockholders’ equity Keith Corporation Balance Sheets December 31 Assets 2015 2014 Cash $ 1,500 $ 1,000 Accounts payable $ 1,600 $ 1,500 Notes payable 2,800 2,200 200 300 $ 4,600 $ 4,000 5,000 5,000