Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Resource Management
Patterns of Entrepreneurship Management
5th Edition, Chapter 9
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Managing Money and People
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2012 Jack M. Kaplan & Anthony C. Warren
Presentation Outline
• Understanding Financial Statements
– The Value of the Balance Sheet
– The Value of the Income Statement
– The Value of the Statement of cash flows
• Preparing financial projections
• Preparing Budget projections
• Prepare a Forecast of cash Flow
• Building a Culture for Innovation
• Human Resources Management
– Hiring, Interviewing, Firing and Resignations
– Conflict of Interest Resolution
• Important Legal Documents
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
The Three Basic Financial Documents
1. The balance sheet (also called the statement
of financial position)
2. An income statement or profit-and-loss
(P&L) statement.
3. The statement of cash flows (also called
source and use of funds).
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2012 Jack M. Kaplan & Anthony C. Warren
➢ Balance sheet = Liabilities + Shareholders
equity
➢ Book Value = total of the tangible assets less
subtracting all the liabilities
➢ Book value does not include intangible assets
like Intellectual Property and goodwill
➢ Goodwill includes factors like brand, market
share, and human capital
Value of the Balance Sheet
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
How to use Ratios for Financial
Analysis - 1
➢ Current Ratio ➔ total current assets divided by the
current liabilities
➢ Quick Ratio ➔ Only liquid current assets such as cash
and account receivables divided by current liabiliti
Financial Ratios are used by managers to monitor
the health of the company and its operations. They
are often used by bankers when lending to the
company.
These Two Ratios are used as a guide to the health
of the company’s balance sheet:
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
➢ Current Liabilities to Net Worth
➢ Total Liabilities to Net Worth
➢ Fixed ...
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- Commercial Banking: The activities of banks in accepting deposits and making loans. Also includes other services like credit cards, mortgages.
- Insurance:
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The document provides an overview of financial feasibility analysis, financial planning, and cashflow management for new ventures and entrepreneurship. It discusses key aspects of financial statements, including income statements, balance sheets, cashflow statements, and ratio analysis. It also covers financial forecasts, pro forma financial statements, and the importance of cash management through tools like cash budgets. The overall document provides guidance on evaluating the financial viability and planning the finances of a new business venture.
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The document provides information about Prof. Parag Tikekar and the agenda for the second day of a four-part finance course. It introduces various tools for financial analysis including risk management, trend analysis, balance sheets, profit and loss statements, and cash flows. It discusses how to analyze and interpret these tools. The document also outlines who uses financial information both internally and externally.
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This document provides an overview of financial forecasting and discusses key concepts such as planning, budgeting, and forecasting. It begins with two examples of how forecasting can positively or negatively impact a company's financial performance. It then discusses the relationships between planning, budgeting, and forecasting and how they differ. The document provides tips for explaining forecasting to non-financial executives and discusses important considerations like timelines, costs vs. benefits, and sensitivity analysis.
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Finance for strategic managers Part 3 of 4Parag Tikekar
The document provides information about Prof. Parag Tikekar and the agenda for the second day of a four-part finance course. It introduces various tools for financial analysis including risk management, trend analysis, balance sheets, profit and loss statements, and cash flows. It discusses how to analyze and interpret these tools. The document also outlines who uses financial information both internally and externally.
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The document provides an overview of financial reporting for entrepreneurs. It discusses key financial statements including the balance sheet, income statement, and statement of cash flows. It aims to help entrepreneurs better understand and explain financial statements to demonstrate the growth and strength of their business to various stakeholders. The presentation covers accounting principles, forms of business organizations, and components of the major financial statements.
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The document discusses the importance of forward-looking information for investors when evaluating a firm's future prospects. While past-oriented financial statements provide important information, they face limitations in predicting a firm's future. International standards like IFRS and the Transparency Directive aimed to improve reporting quality and encourage more forward-looking disclosure alongside traditional backward-looking, numerical information. However, information asymmetry between investors and management still poses challenges for forecasting.
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1. Estimating financial requirements, selecting sources of funds, allocating funds, analyzing financial performance, capital budgeting, working capital management, profit planning and control, providing fair returns to investors, and maintaining liquidity and maximizing wealth.
2. Selecting the right sources of funds at the right time and cost, such as equity, debt, or preferred shares.
3. Distributing funds between capital and operating expenditures and evaluating investment proposals.
In today's increasingly competitive business environment, organizations are engaged in a rat race to retain customers, build up clientele and simultaneously ensure steady growth. Unfortunately, they often get caught in a web of issues which may not be easily controlled and affect performance. Here comes the play of Financial Accounting. Professional accountants have a vital role in commercial success by using their valuable knowledge to provide their organizations/clients a competitive advantage and an accurate picture of their financial position and performance.
1. The document discusses financial management concepts including the meaning and objectives of finance and financial management. It defines finance as the art and science of managing money and defines financial management as planning and controlling the flow of funds in an organization.
2. The objectives of financial management are discussed as profit maximization and wealth maximization. Profit maximization aims to increase profits while wealth maximization aims to increase shareholder wealth.
3. The roles and functions of a financial manager are outlined including forecasting financial needs, acquiring capital, making investment decisions, and managing cash flows. Financial managers must have knowledge of capital markets, investments, and financial decision-making.
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This document provides an overview of the Advanced Diploma in Management Practice course taught by Steve Pollard. The course aims to enable students to critically evaluate organizational performance using accounting information for planning, decision-making, and control. Key topics covered include financial management, financial reporting, understanding costs, budgeting, and financial controls.
Generally Accepted Accounting Principles And Sample Test...Kristen Stacey
This document provides a sample test with multiple choice questions on accounting principles and concepts such as the primary objective of businesses, accounting for liabilities and expenses, accounting for the sale of products, and the classification of assets and liabilities. It also includes short answer questions testing understanding of concepts like retained earnings, calculating net income or loss based on changes in assets and liabilities, and the rules and principles that guide accounting. The document is intended to help students prepare for an exam on generally accepted accounting principles.
Module 8 - Setting up finance function as start up.
Bottomline : Create checklist of what needs to be done, when, and who. Understand finance as subject and function Understand the finance activities and KPIs Identify information you need to manage and make decisions in your performance Identify the differences between a management accountant and a financial accountant Complete the daily, weekly, monthly and annual finance activities checklists You may need to do skills audit of somesort to ensure who ever you have instructing knows what to do.
Remember it really depends on the goals and objectives on what skills , experience and size of investment you want.
Here is video link https://youtu.be/MY_cmnbjsGM
Here is link for previous videos on management accounts https://youtu.be/6ExV7PvE7fA
If you need the checklists, get the finance handbook on this links https://www.makro.co.za/books/non-fiction-specialist/management-business-finance/management-business-finance/the-essential-finance-handbook-for-entrepreneurs--2nd-edition/p/29655bcc-89c2-4ff6-ba3b-9b056b18c4e9?gclid=CjwKCAjwkvWKBhB4EiwA-GHjFjcJDNJXL8e1TOD-Kgvnp6yPJkQrr3EE4CCDhSUIVrjelVhf3KC4KBoCjRoQAvD_BwE
or
https://publisher.co.za/product/the-essential-finance-handbook-for-entrepreneurs/ Focus on step 3 - compliance checklists, step 5 on roles and responsibilities and step 6 on processes and systems.
Leave us the comments Twitter: https://twitter.com/PreciousMvulane Linkedin: https://za.linkedin.com/in/precious-mvulane Facebook: https://web.facebook.com/financehandbook/
Website: https://preciousmvulane.com What's Up: https://chat.whatsapp.com/KQNZYJDV5ybLWwI0HwJmzZ
This document contains a presentation by Moelis & Company, an independent investment bank. The summary is:
1) Moelis has experienced significant growth since its IPO in 2014, with revenues increasing 115% and regular dividends nearly doubling.
2) The company has a differentiated model as a global partnership with one profit and loss statement, focusing on internal talent development and returning excess cash to shareholders.
3) Moelis has opportunities for continued growth through expanding its leading M&A franchise, differentiated model, and large restructuring team amid a potential longer M&A cycle.
The business world continues to grow more complex and to place increasing pressures on you to perform at the highest levels. These pressures come from all angles. Despite the fact that nonprofits may desire to be mission driven first, finances play a important role in your organization's success, and finances will usually determine the pace at which you can advance your mission. Thus, it is very important to understand financial matters. This session will be a summary of the basics.
Financial management involves planning, organizing, and controlling financial resources. The document outlines key financial management concepts like the objectives of financial management to ensure adequate funding and returns. It also discusses functions such as estimating capital needs, determining sources of funds, and managing cash flows. Other concepts covered include financial statements like the balance sheet, which lists assets/liabilities, and profit and loss statement, which outlines revenues/expenses.
This document discusses financial management and financial statements for new ventures. It covers:
1) The purpose of financial management in raising money and managing finances to achieve the highest rate of return.
2) The four main financial objectives of entrepreneurial ventures: profitability, liquidity, efficiency, and stability.
3) The three types of historical financial statements - income statement, balance sheet, and statement of cash flows - and how they are used to assess financial performance.
This document contains forward-looking statements about the company's operations and financial performance. It summarizes the company as a global independent investment bank with a focus on M&A, restructuring, capital markets advisory and private funds advisory. The company has grown significantly since its IPO in 2014 through organic growth and expanding its global network while maintaining a strong balance sheet with no debt.
This document outlines the key steps in analyzing a company's historical financial performance:
1. Reorganizing financial statements to calculate metrics like net operating profit and invested capital.
2. Measuring the company's return on invested capital (ROIC) over time to assess value creation.
3. Breaking down revenue growth trends while accounting for factors like acquisitions and currency.
4. Evaluating the company's financial health by analyzing liquidity, leverage, and capital structure.
The overall goal is to understand the drivers of past performance in order to forecast future cash flows and value.
Preparing financial statements involves the process of combining accounting information into a standardised financial set. Completed financial statements are provided to management, creditors, creditors, and investors, who use them to assess the performance, liquidity, and cash flow of the organisation.
Explain in your own words why it is important to read a statistical .docxAlleneMcclendon878
Explain in your own words why it is important to read a statistical study carefully. Can you think of circumstance where it might be okay to misrepresent data?
Video Reflection 12 -
Do you think it is possible to create a study where there really is no bias sampling done? How would you manage to create one?
Video Reflection 13 -
What are your thoughts on statistics being misrepresented/ how does it make you feel? Why do you think the statistic are often presented in this way?
.
Explain how Matthew editedchanged Marks Gospel for each of the fol.docxAlleneMcclendon878
Explain how Matthew edited/changed Mark's Gospel for each of the following passages, and what reasons would he have had for doing that? What in Mk’s version was Mt trying to avoid – i.e., why he might have viewed Mk’s material as misleading, incorrect, or problematic? How did those changes contribute to Matthew’s overall message? How did that link up with other parts of Mt’s message?
Use both the following two sets of passages to support your claim, making use ONLY of the resources below, the Bible, textbooks and Module resources.
1. How did Matthew edit/change Mark 6:45-52 to produce Matthew 14:22-33 – and why?
2. How did Matthew edit/change Mark 9:2-10 to produce Matthew 17:1-13 – and why?
The paper should 350-750 words in length, double-spaced, and using MLA formatting for reference citations and bibliography. Submit the completed assignment to the appropriate Dropbox by
no later than Sunday 11:59 PM Eastern.
Resources for this paper:
See the ebook via SLU library:
New Testament History and Literature
by Martin (2012), pp. 83-88,105-108.
See the ebook via SLU library:
The Gospels
by Barton and Muddiman (2010), p. 53,56-57,102,109.
.
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In today's increasingly competitive business environment, organizations are engaged in a rat race to retain customers, build up clientele and simultaneously ensure steady growth. Unfortunately, they often get caught in a web of issues which may not be easily controlled and affect performance. Here comes the play of Financial Accounting. Professional accountants have a vital role in commercial success by using their valuable knowledge to provide their organizations/clients a competitive advantage and an accurate picture of their financial position and performance.
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2. The objectives of financial management are discussed as profit maximization and wealth maximization. Profit maximization aims to increase profits while wealth maximization aims to increase shareholder wealth.
3. The roles and functions of a financial manager are outlined including forecasting financial needs, acquiring capital, making investment decisions, and managing cash flows. Financial managers must have knowledge of capital markets, investments, and financial decision-making.
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The document discusses logistics issues facing Kantara Fashion Line and proposes solutions. It notes that Kantara's current ordering system is inefficient, wasting $156,000 per year. It recommends implementing an online ordering system to streamline the process. The document also states that Kantara needs to better meet customer needs as a global company by adjusting supplies based on weather in different markets. It proposes creating a website and database to improve communication and order fulfillment. Implementing these technological solutions would increase efficiency, reduce costs and boost revenue through improved customer satisfaction.
This document provides an overview of the Advanced Diploma in Management Practice course taught by Steve Pollard. The course aims to enable students to critically evaluate organizational performance using accounting information for planning, decision-making, and control. Key topics covered include financial management, financial reporting, understanding costs, budgeting, and financial controls.
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Here is video link https://youtu.be/MY_cmnbjsGM
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or
https://publisher.co.za/product/the-essential-finance-handbook-for-entrepreneurs/ Focus on step 3 - compliance checklists, step 5 on roles and responsibilities and step 6 on processes and systems.
Leave us the comments Twitter: https://twitter.com/PreciousMvulane Linkedin: https://za.linkedin.com/in/precious-mvulane Facebook: https://web.facebook.com/financehandbook/
Website: https://preciousmvulane.com What's Up: https://chat.whatsapp.com/KQNZYJDV5ybLWwI0HwJmzZ
This document contains a presentation by Moelis & Company, an independent investment bank. The summary is:
1) Moelis has experienced significant growth since its IPO in 2014, with revenues increasing 115% and regular dividends nearly doubling.
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3) Moelis has opportunities for continued growth through expanding its leading M&A franchise, differentiated model, and large restructuring team amid a potential longer M&A cycle.
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This document discusses financial management and financial statements for new ventures. It covers:
1) The purpose of financial management in raising money and managing finances to achieve the highest rate of return.
2) The four main financial objectives of entrepreneurial ventures: profitability, liquidity, efficiency, and stability.
3) The three types of historical financial statements - income statement, balance sheet, and statement of cash flows - and how they are used to assess financial performance.
This document contains forward-looking statements about the company's operations and financial performance. It summarizes the company as a global independent investment bank with a focus on M&A, restructuring, capital markets advisory and private funds advisory. The company has grown significantly since its IPO in 2014 through organic growth and expanding its global network while maintaining a strong balance sheet with no debt.
This document outlines the key steps in analyzing a company's historical financial performance:
1. Reorganizing financial statements to calculate metrics like net operating profit and invested capital.
2. Measuring the company's return on invested capital (ROIC) over time to assess value creation.
3. Breaking down revenue growth trends while accounting for factors like acquisitions and currency.
4. Evaluating the company's financial health by analyzing liquidity, leverage, and capital structure.
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Preparing financial statements involves the process of combining accounting information into a standardised financial set. Completed financial statements are provided to management, creditors, creditors, and investors, who use them to assess the performance, liquidity, and cash flow of the organisation.
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1. How did Matthew edit/change Mark 6:45-52 to produce Matthew 14:22-33 – and why?
2. How did Matthew edit/change Mark 9:2-10 to produce Matthew 17:1-13 – and why?
The paper should 350-750 words in length, double-spaced, and using MLA formatting for reference citations and bibliography. Submit the completed assignment to the appropriate Dropbox by
no later than Sunday 11:59 PM Eastern.
Resources for this paper:
See the ebook via SLU library:
New Testament History and Literature
by Martin (2012), pp. 83-88,105-108.
See the ebook via SLU library:
The Gospels
by Barton and Muddiman (2010), p. 53,56-57,102,109.
.
Explain the degree to which media portrayal of crime relates to publ.docxAlleneMcclendon878
Explain the degree to which media portrayal of crime relates to public fear of crime and explain how.
Explain whether public fear of crime might influence individual behavior or not and explain how or how not.
Share an insight about whether media should be responsible or not for the portrayal of crime as it relates to public fear of crime.
2 Pages in APA Format
.
Explain the difference between genotype and phenotype. Give an examp.docxAlleneMcclendon878
Explain the difference between genotype and phenotype. Give an example of each and describe both in an account that relates to you personally, the
paper should be 2-3 pages in length (not counting the title and resources pages), APA style (no abstract required), and should be supported with appropriate citations.
.
Explain the history behind the Black Soldier of the Civil War In t.docxAlleneMcclendon878
Explain the history behind the Black Soldier of the Civil War
In this forum look beyond the book for information on specific units, soldiers and even the reasons for why Lincoln allowed the African American to service in the war.
Soldiers - the trained and untrained
Initial post of at least 300 words due by Friday.
Darlene Hine, William Hine, and Stanley Harrold.
The African-American Odyssey: Volume I, 6th ed. New Jersey: Pearson 2014.
.
Explain the fundamental reasons why brands do not exist in isolation.docxAlleneMcclendon878
Explain the fundamental reasons why brands do not exist in isolation but do exist in larger environments that include other brands. Provide two (2) specific recommendations or solutions that can help a health care facility improve patient satisfaction.
Assess the value of Lederer and Hill's Brand Portfolio Molecule when used to understand brand relationships. Provide at least two (2) specific examples of strategic or tactical initiatives within a health care organization.
.
Explain the difference between hypothetical and categorical imperati.docxAlleneMcclendon878
Hypothetical imperatives are conditional principles that apply if one wants to achieve a goal, while categorical imperatives are unconditional moral rules. This distinction could be used to argue that placing violent prisoners in solitary confinement is a hypothetical imperative to maintain safety, but it may violate the categorical imperative of respecting human dignity for all.
Explain in 100 words provide exampleThe capital budgeting decisi.docxAlleneMcclendon878
Explain in 100 words provide example
The capital budgeting decision techniques that we've discussed all have strengths and weaknesses, but they do comprise the most popular rules for valuing projects. Valuing entire businesses, on the other hand, requires that some adjustments be made to various pieces of these methodologies. For example, one alternative to NPV used quite frequently for valuing firms is called Adjusted Present Value (APV).
What is APV, and how does it differ from NPV?
.
Explain how Supreme Court decisions influenced the evolution of the .docxAlleneMcclendon878
Explain how Supreme Court decisions influenced the evolution of the death penalty.
Explain the financial impact of the death penalty on society. Include at least one specific cost associated with the death penalty.
Explain the social impact of the death penalty on society. Provide examples and use Learning Resources to support your statements. 2 pages in APA format
.
Explain how an offender is classified according to risk when he or s.docxAlleneMcclendon878
Explain how an offender is classified according to risk when he or she is placed on probation or parole. Include how static and dynamic factors are taken into account by the supervising officer when both determining the level of supervision an offender needs and in developing the case-supervision plan for the offender. Include a discussion on the various levels of probation/parole supervision and the amount of surveillance and contact with the offender involved with each level. Do you agree or disagree with how often probation and parole officers have contact with high-risk offenders? Make sure to support your opinion.
.
Explain a lesson plan. Describe the different types of information.docxAlleneMcclendon878
Explain a lesson plan. Describe the different types of information found in a detailed lesson plan. Include in your discussion a design document and its usefulness. (A Minimum 525 Words)
Reference:
Noe, R. A. (2013). Employee training and development (6th ed.). New York, NY: McGraw-Hill.
.
explain the different roles of basic and applied researchdescribe .docxAlleneMcclendon878
explain the different roles of basic and applied research
describe the different criteria for success of basic and applied research
explain why government policymakers seem to prefer applied research
describe how basic research reflects liberal democratic values
Over fifty years ago, Vannevar Bush released his enormously influential report, Science, the Endless Frontier, which asserted a dichotomy between basic and applied science. This view was at the core of the compact between government and science that led to the golden age of scientific research after World War II—a compact that is currently under severe stress. In this book, Donald Stokes challenges Bush’s view and maintains that we can only rebuild the relationship between government and the scientific community when we understand what is wrong with that view.
Stokes begins with an analysis of the goals of understanding and use in scientific research. He recasts the widely accepted view of the tension between understanding and use, citing as a model case the fundamental yet use-inspired studies by which Louis Pasteur laid the foundations of microbiology a century ago. Pasteur worked in the era of the “second industrial revolution,” when the relationship between basic science and technological change assumed its modern form. Over subsequent decades, technology has been increasingly science-based. But science has been increasingly technology-based–with the choice of problems and the conduct of research often inspired by societal needs. An example is the work of the quantum-effects physicists who are probing the phenomena revealed by the miniaturization of semiconductors from the time of the transistor’s discovery after World War II.
On this revised, interactive view of science and technology, Stokes builds a convincing case that by recognizing the importance of use-inspired basic research we can frame a new compact between science and government. His conclusions have major implications for both the scientific and policy communities and will be of great interest to those in the broader public who are troubled by the current role of basic science in American democracy.
Why the distinction between basic (theoretical) and applied
(practical) research is important in the politics of science
.
Explain the basics of inspirational and emotion-provoking communicat.docxAlleneMcclendon878
Explain the basics of inspirational and emotion-provoking communication.
Explain the key features of a power-oriented linguistic style.
Explain the six basic principles of persuasion.
Evaluate basic approaches to resolving conflict and negotiating.
Choose one of the above topics
1 Paragraph
1 APA citation
.
Explain how leaders develop through self-awareness and self-discipli.docxAlleneMcclendon878
This paper discusses how leaders develop through self-awareness, self-discipline, education, experience, and mentoring. It will explain and classify different types of leadership development programs and discuss the importance of leadership succession planning. The paper will be 3-4 pages long using APA style and citing at least 4 sources.
Explain five ways that you can maintain professionalism in the meeti.docxAlleneMcclendon878
Explain five ways that you can maintain professionalism in the meeting and convention planning industry.
1.
Order of precedence
2.
Titles and styles of address
3.
Invitations
4.
Flags
5.
Religious, cultural and ritual observations
.
Explain security awareness and its importance.Your response should.docxAlleneMcclendon878
Explain security awareness and its importance.
Your response should be at least 200 words in length.
Explain network and data privacy policies.
Your response should be at least 200 words in length.
Explain the different security positions within information security.
Your response should be at least 200 words in length.
Explain what a security incident response team handles.
Your response should be at least 200 words in length.
.
Experimental Design AssignmentYou were given an Aedesaegyp.docxAlleneMcclendon878
Experimental Design Assignment
You were given an
Aedes
aegypti
gene of unknown function. Using Blast you were able to find the homologs of your gene. You have done research regarding the function of the homologs. Using this information:
A.Construct
a hypothesis
Give a hypothesis on the function of your gene SHAKER is in Aedesaegypti.
B.Design
an experiment to test your hypothesis.
Include a
labeled
sketch and written summary of experiment. (
include drawing of all conditions
, negative/positive etc)
C. Variables
List the Dependent and Independent
List Control variable
List a Positive and /or Negative controls
D.
Create a
data
set
and figure
Create a graph that clearly conveys to the reader what your experiment is about.
F.Interpretation
Give an interpretation of the possible meaning of your data. (although this isn’t conclusive since we are not doing statistics) . Does it align with your hypothesis?
G.Self-critique
and follow-up questions:
Why might your conclusion be wrong, what other questions do you have.
.
Expand your website plan.Select at least three interactive fea.docxAlleneMcclendon878
This document recommends selecting at least three interactive features to add to a website, identifying the purpose each feature would serve visitors, and how they would be constructed. Potential interactive features could include a contact form to collect visitor information, an events calendar to promote upcoming activities, and a feedback survey to gather user opinions.
Exercise 7 Use el pronombre y la forma correcta del verbo._.docxAlleneMcclendon878
Este documento presenta 22 oraciones con pronombres y verbos en forma personal que deben completarse correctamente. Las oraciones contienen sujetos como "yo", "nosotros", "ellos", etc. y verbos como "gustar", "faltar", "quedar", etc. que deben conjugarse de acuerdo al sujeto para completar cada oración.
Exercise 21-8 (Part Level Submission)The following facts pertain.docxAlleneMcclendon878
Exercise 21-8 (Part Level Submission)
The following facts pertain to a noncancelable lease agreement between Windsor Leasing Company and Sheridan Company, a lessee.
Inception date:
May 1, 2017
Annual lease payment due at the beginning of
each year, beginning with May 1, 2017
$21,737.01
Bargain-purchase option price at end of lease term
$3,800
Lease term
5
years
Economic life of leased equipment
10
years
Lessor’s cost
$68,000
Fair value of asset at May 1, 2017
$93,000
Lessor’s implicit rate
10
%
Lessee’s incremental borrowing rate
10
%
The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties surrounding the costs yet to be incurred by the lessor. The lessee assumes responsibility for all executory costs.
Click here to view factor tables
(c)
Your answer is partially correct. Try again.
Prepare a lease amortization schedule for Sheridan Company for the 5-year lease term.
(Round present value factor calculations to 5 decimal places, e.g. 1.25125 and Round answers to 2 decimal places, e.g. 15.25.)
SHERIDAN COMPANY (Lessee)
Lease Amortization Schedule
Date
Annual Lease Payment Plus
BPO
Interest on
Liability
Reduction of Lease
Liability
Lease Liability
5/1/17
$
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record depreciation.)
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record interest.)
1/1/18
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record second payament.)
Question 27
Pearl Corporation manufactures replicators. On January 1, 2017, it leased to Althaus Company a replicator that had cost $100,000 to manufacture. The lease agreement covers the 5-year useful life of the replicator and requires 5 equal annual rentals of $40,200 payable each January 1, beginning January 1, 2017. An interest rate of 12% is implicit in the lease agreement. Collectibility of the rentals is reasonably assured, and there are no important uncertainties concerning costs.
Prepare Pearl’s January 1, 2017, journal entries.
(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971
.
)
Click here to view factor tables
Date
Account Titles and Explanation
Debit
Credit
January 1, 2017
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record the lease.)
January 1, 2017
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record cost.)
January 1, 2017
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record first lease payment.)
6 years ago
16.01.2017
8
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what can i bring to class that symbolizes growth and change
calculate it.
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxOH TEIK BIN
(A Free eBook comprising 3 Sets of Presentation of a selection of Puzzles, Brain Teasers and Thinking Problems to exercise both the mind and the Right and Left Brain. To help keep the mind and brain fit and healthy. Good for both the young and old alike.
Answers are given for all the puzzles and problems.)
With Metta,
Bro. Oh Teik Bin 🙏🤓🤔🥰
Information and Communication Technology in EducationMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 2)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐈𝐂𝐓 𝐢𝐧 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧:
Students will be able to explain the role and impact of Information and Communication Technology (ICT) in education. They will understand how ICT tools, such as computers, the internet, and educational software, enhance learning and teaching processes. By exploring various ICT applications, students will recognize how these technologies facilitate access to information, improve communication, support collaboration, and enable personalized learning experiences.
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐢𝐧𝐭𝐞𝐫𝐧𝐞𝐭:
-Students will be able to discuss what constitutes reliable sources on the internet. They will learn to identify key characteristics of trustworthy information, such as credibility, accuracy, and authority. By examining different types of online sources, students will develop skills to evaluate the reliability of websites and content, ensuring they can distinguish between reputable information and misinformation.
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...TechSoup
Whether you're new to SEO or looking to refine your existing strategies, this webinar will provide you with actionable insights and practical tips to elevate your nonprofit's online presence.
How to Download & Install Module From the Odoo App Store in Odoo 17Celine George
Custom modules offer the flexibility to extend Odoo's capabilities, address unique requirements, and optimize workflows to align seamlessly with your organization's processes. By leveraging custom modules, businesses can unlock greater efficiency, productivity, and innovation, empowering them to stay competitive in today's dynamic market landscape. In this tutorial, we'll guide you step by step on how to easily download and install modules from the Odoo App Store.
Contiguity Of Various Message Forms - Rupam Chandra.pptx
Copyright 2015 Jack M. Kaplan & Anthony C. WarrenResource
1. Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Resource Management
Patterns of Entrepreneurship Management
5th Edition, Chapter 9
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Managing Money and People
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
2. and Ethics
Legal
Matters
Copyright 2012 Jack M. Kaplan & Anthony C. Warren
Presentation Outline
• Understanding Financial Statements
– The Value of the Balance Sheet
– The Value of the Income Statement
– The Value of the Statement of cash flows
• Preparing financial projections
• Preparing Budget projections
• Prepare a Forecast of cash Flow
• Building a Culture for Innovation
• Human Resources Management
– Hiring, Interviewing, Firing and Resignations
– Conflict of Interest Resolution
• Important Legal Documents
Chapter 9
4. 2. An income statement or profit-and-loss
(P&L) statement.
3. The statement of cash flows (also called
source and use of funds).
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
5. Copyright 2012 Jack M. Kaplan & Anthony C. Warren
➢ Balance sheet = Liabilities + Shareholders
equity
➢ Book Value = total of the tangible assets less
subtracting all the liabilities
➢ Book value does not include intangible assets
like Intellectual Property and goodwill
➢ Goodwill includes factors like brand, market
share, and human capital
Value of the Balance Sheet
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
6. Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
How to use Ratios for Financial
Analysis - 1
➢ Current Ratio ➔ total current assets divided by the
current liabilities
➢ Quick Ratio ➔ Only liquid current assets such as cash
and account receivables divided by current liabiliti
Financial Ratios are used by managers to monitor
the health of the company and its operations. They
are often used by bankers when lending to the
company.
7. These Two Ratios are used as a guide to the health
of the company’s balance sheet:
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
8. ➢ Current Liabilities to Net Worth
➢ Total Liabilities to Net Worth
➢ Fixed Assets to Net Worth
How to use Ratios for Financial
Analysis - 2
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
9. Matters
These Three Solvency Ratios are used to
gauge the sustainability and financial health
of the company:
Copyright 2012 Jack M. Kaplan & Anthony C. Warren
➢ Return on Investment (ROI) ratio
compares the net profit of the business to
the investment (net worth) of the business.
It is calculated as net income after taxes
(from the income statement) divided by
total owner’s equity (from the balance
sheet)
➢ ROI = Net Income
Shareholders’ equity
Chapter 9
Financial
Statements
Financial
10. Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
How to use Ratios for Financial
Analysis - 3
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
EBITDA is the earnings before interest
expense, interest income, income taxes,
depreciation and amortization. It measures
the profitability of a company’s operations
11. without the impact of its debt, investments
and long-term assets. It is the basic
measurement of the day-to-day health of the
company’s operations.
Financial Definitions - 1
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
12. Legal
Matters
Copyright 2012 Jack M. Kaplan & Anthony C. Warren
• A Break-even analysis is the point at
which a given output results in neither
profit or loss.
• It is a decision-making tool that helps
the entrepreneur determine whether a
certain volume of output will result in a
profit or loss, or the minimum volume
necessary to be just profitable.
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
13. Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Financial Definitions - 2
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
The formula: the price per unit (P)
multiplied by the number of units sold
(X) is equal to the fixed costs (F) plus
the variable costs (V) multiplied by the
number of units produced expressed as
the following formula:
P(X) = F + V(X)
The Break-even Formula
Chapter 9
Financial
Statements
14. Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
As an example, if fixed costs (F) are $40,000,
the variable costs per unit (V) are $15 and the
price per unit (P) is $20, the break-even point
(X) can be calculated by plugging these
values into the equation:
➢20(X) = 40,000 + 15(X)
15. ➢20X – 15X = 40,000
➢5X = 40,000
➢X = 8,000 units
Example of Break Even
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
16. Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Young companies are usually short of cash and
therefore it is important to forecast cash needs long
before starting to raise capital as equity or debt.
A Forecast of Cash Flow is a month to month
projection of receipts and disbursements activity
including:
• Receipts from Sales. The detail from sales, the payment
terms the company extends its customers, and the
company’s collection history
• Other Receipts. Other receipts include bank loans, equity
investments, tax refunds or any other inflows of cash
• Disbursements from Expenses. The detail from expenses
and the payment terms
• Other Disbursements. This includes capital equipment
acquisitions and payment of debt.
Forecast of Cash Flow
Chapter 9
Financial
Statements
Financial
Analysis
Budget
17. Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
• The annual budget presents a month-by-month
projection of revenues.
• It is used for planning and control. Each month
compare actual with budget and make adjustments
as necessary.
• The budget is the foundation for projecting the
other financial statements.
18. • An entrepreneur must always be aware of how long
the current cash reserves will last…..the cash
“runway”.
• It always takes much longer to raise funds than
planned.
Annual Budget
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
19. and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Developing a Culture for
Innovation
•The ability to lead an organization on a mission where
everyone
is involved everyday in moving forward toward clearly defined
goals makes the difference between success and failure.
•There are 10 leadership attributes that, above all others, should
be practiced within companies to insure successful innovation.
•Building a culture Is a top-down, everyday leadership
responsibility.
•EVERY action must reflect the culture that you are building
and
there should be NO inconsistences in behaviors.
Chapter 9
Financial
Statements
21. ability, and character of
others within the
organization
“I trust people I work with
and find it easy to be open
and honest with people
from all over the company”
Alignment Degree to which the
interests and actions of each
employee support the
clearly stated and
communicated key goals of
the organization
“We have clear aims and
objectives which everyone
understands; we build
consensus around key
objectives; we recognize
and reward loyalty”
22. Risk Degree to which
organization and
individuals take risks
“I am encouraged to
experiment; we take
calculated risks; we
encourage and reward
error”
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
23. Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
10 Attributes of a Successful
Innovative Company-2
Attribute Definition Example
Teams The degree to which team
performance is
emphasized over
individual performance
“We promote teamwork,
it’s the center of
everything we do”
Empowerment The degree to which each
employee feels empowered
by managers and the org.
“As a manager I’m
24. expected to delegate; we
have a no-blame culture;
we allow our staff to make
decisions
Freedom The degree to which self-
initiated and unofficial
activities are tolerated and
approved throughout the
organization
“I’m allowed to do my
own thing; we encourage
people to take initiative;
we recognize the
individual”
Chapter 9
Financial
Statements
Financial
Analysis
25. Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
10 Attributes of a Successful
Innovative Company-3
Attribute Definition Example
Support The degree to which new
ideas are welcomed from
all sources and responded
to promptly and
26. appropriately
“We encourage fresh
ideas; we reward
innovative individuals and
teams”
Engagement The degree to which all
levels of the organization
are engaged with the
customer and the
operations of the
organization
“Management understands
the operations of the
company; I can share my
problems with my
managers; I know my job
is important”
Stimuli The degree to which it’s
understood that unrelated
27. knowledge can impact
product, service, and
operations improvements
“I am encouraged to search
externally for information
and obtain data from many
sources; we listen to
suppliers’ suggestions”
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
28. Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
10 Attributes of a Successful
Innovative Company-4
Attribute Definition Example
Communication The degree to which there
is both planned and
random interaction
between functions and
divisions at all levels of
the organization
“I am kept in the picture
on how we’re performing;
we have excellent formal
channels of
29. communication; we use
best practice knowledge
transfer between our
departments; we actively
manage our intellectual
assets
•Does your leadership style exhibit these attributes?
•Work on demonstration each of these EVERY day
•A vibrant culture results from top-down leadership
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
30. Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Hiring
• Your company is only as good as the
people that you hire
• Use networks to access potential hires
• Beware hiring friends and family
members
• Hire to match your culture
• Values are inherent, skills can be learned
• If in doubt, don’t hire for expediency
Chapter 9
Financial
Statements
32. • Invite them to tell their story
• Explore values, creativity and ambitions
• Use open-ended questions, challenge, change topics
• Invite their questions before summarizing
• Record impressions immediately
• Act promptly whether no or yes
• Check references if a hire is contemplated
• Seek second opinion if possible
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
33. Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
5 Reasons to Fire an Employee
• The company is short of funds
• The company is changing direction and
no longer needs their specific skills
• Repeated poor performance
• Disruptive behavior
• For actual cause
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
34. Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Firing Procedures
• Try to avoid surprises. Have a warning system. It is
better to help someone perform better than to fire them
• When there is no alternative, act promptly
• Remind them of their contractual obligations
• If you have to fire someone, keep the discussions
unemotional, and try to retain trust
35. • If possible, allow them to preserve their self-esteem
• Offer to help if appropriate
• Ask them to leave the premises immediately
• “The day you enjoy firing someone, its time to leave
yourself”
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
36. Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Dealing with a Key Person
Resignation
• Agree the procedures for hand-over
• Avoid taking it personally
• Keep the door open, you may want to re-hire them
later
• Celebrate and let everyone know that you regret the
decision but you wish them success
• Conduct an exit interview
• Remind them of their contractual obligations
• Analyze what went wrong – learn.
Chapter 9
Financial
Statements
Financial
Analysis
Budget
37. Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Conflicts of Interest
• Be continually aware that you may slip
into a “conflict of interest” situation
• Carefully analyze any situation where a
conflict may arise
• Even if there is no real conflict, others
may not understand – make a point of
38. explaining the issues and your position
• Take steps to resolve any perceived or
actual conflict quickly
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
39. Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Three Steps to Resolve Ethical
Dilemmas
• The “Gut-feel” test. If you have a feeling that there
is a conflict or ethical issue, then there most likely is.
Don’t try to hide it – deal with it.
• Stake-holder analysis. There are no GRAY or
FUZZY LINES. Understand who is affected, how,
and what obligations all parties have to each other.
• Full Disclosure. Expose and discuss the issues and
concerns with ALL possible affected stakeholders. If
in doubt, tell more parties than less, and provide more
information, not less.
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
40. Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Key Legal Documents -
Employment Agreement
• Every employee should execute this agreement
which must contain at least these five
obligations:
- Confidentiality during and after employment
- Return all company materials when they leave
- Cannot work for another business
41. - Cannot compete while employed or for an agreed
period after leaving
- All inventions must be assigned to the company
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
42. Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Key Legal Documents -
Consulting Agreement
• Work-for-hire requirement
• All work output belongs to the company
• Confidentiality is required
• Project is clearly defined
• Consultant must keep records of time spent
and out-of-pocket expenses
• Company is not responsible for insurances and
taxes other than those required by the law
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
43. Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Key Legal Documents –
Separation Agreement
• Used when an employee leaves voluntarily or is fired
• Re-define both parties obligations with regard to
confidentiality
• Re-assert non-compete obligations with specific terms
and conditions
• Agree and define any public statements that either may
make
• General release from all other future legal obligations
44. by both parties
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Key Legal Documents –
Sales and Marketing Agreement
45. • An agreement between two companies, one of
which will market and sell the products or
services of the other
• Important to clearly define the responsibilities
of both parties
• Exclusive or not?
• Define products, pricing, payments, regions,
commissions, publicity, quality, support etc.
• State term, renewable options, and
terminatioin procedures
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
46. Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Key Legal Documents -
Confidentiality Agreement
• Entered into between two or more parties to
protect exchange of information needed to
explore a possible business relationship
• May protect the information of one or more
parties
• Defines the information to be disclosed and
procedures for its treatment and return
• The term for confidentiality must be stated
47. together with legal ramifications if the
confidentiality is breached
• Also known as a “Non-Disclosure Agreement”
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
48. Key Legal Documents –
Stock Option Agreement
• Used to incentivize key employees
• Component of compensation that can help preserve cash
reserves
• Only available to employees of the company
• Two forms, ISO and NSO – differ in their tax implications
• Need to be approved by board and stock-holders
• Usual to set aside 10-15% of the outstanding shares of the
company held in a pool for future key employees – this
must be disclosed and approved by potential investors
• The tax implications can be complex and the entrepreneur
should get professional advice when setting up the plan.
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Chapter 9
Financial
Statements
Financial
Analysis
Budget
49. Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
and Ethics
Legal
Matters
Copyright 2015 Jack M. Kaplan & Anthony C. Warren
Final Points
• A young company should try to minimize its legal
costs as they can rapidly escalate
• But it is important that the legal affairs of the
company are well managed
• Learn to use free legal documents whenever
possible, but if in doubt, seek legal counsel
50. • Develop a relationship with a law firm that has
experience with young companies – often they will
reduce their fees in the hope that you will be a
large client sometime in the future
• A good law firm can be invaluable in providing
sound advice and access to their networks.
Chapter 9
Financial
Statements
Financial
Analysis
Budget
Projections
Cash Flow
Forecasts
Building the
Culture
Hiring and
Firing
Conflicts of
Interest
51. and Ethics
Legal
Matters
Group Project Report 1
Group Project Report
WOODMATE PAPER EXPORT CO.
Export to Australia
The Business School | Centennial College
Principle of Freight Forward
INTL 729 (Sec 005)
Sushma Marllyn Phillip Charles 300991148
Sumant Jasra 300988297
Hardik Sonera 300989418
Manpreet Singh 300990716
Kanika Sharma 300984511
Submitted to
Mauro Spies
December 08, 2018
52. Group Project Report 2
Conten
YExecutive
Summary:................................................................................
....................................3
Buyer and Seller
Details:...................................................................................
............................3
Product:..................................................................................
........................................................3
Letter
Head.......................................................................................
..............................................4
Shipment
Timeline:................................................................................
........................................4
Incoterm® being used
(CPT):....................................................................................
..................5
(CPT- Carriage Paid
To):........................................................................................
..................5
FLOW CHART SELLERS WAREHOUSE TO BUYERS
WAREHOUSE…..…………...6,7
Vessel Routing and Lead
Times:....................................................................................
53. ...............8
How was the CN rail strike
addressed?...............................................................................
........9
Calculations…………………………………………..………………
…………………....9,10,11
Questions need to be
answered……………………………………………………….....11,
12,13
Documents……………………………………………………………
…………………..13,14,15
Reference……………………………………………………………
………………….............16
Group Project Report 3
Executive Summary
Our company Woodmate Paper Export Inc. is the leading paper
exporters in Canada. Since the time the
company has been formed, it has seen a lot of success in the
Canadian market, and due to this reason
the company is planning to go into export sector, thus
changing the name of the company from
Woodmate Paper Ltd. to Woodmate Paper export Co. The
following report lists about the facts and
figures related to an order from a company based in Brisbane,
Australia.
The report shows the Incoterm the company will use, the
54. product to be shipped, mode of
transportation, dimensions and quantity of the product being
shipped, as well as the calculations related
to this order. Ideally, the company had planned to transport the
shipment to the port of Montreal via CN
railway and then further transportation would be done via ocean
transport. However, due to the strike of
CN railway, the company as immediately acted and decided
to ship the container via road transport.
Hence, the transport till port of Montreal will be done using
truck and then after ocean transport will be
taken.
Buyer and Seller Details
Product
The product for this shipment comes under the category of
‘Paper’.
Name of the Product: Woodmate 15DP009T, Printer Paper Copy
Paper.
HS Code: 656839029
Seller Buyer
A Exporter (Seller):
Name: Woodmate Paper Export
Inc.
Address: 37 Markham Road,
Toronto, ON M1G 3N1, Canada
E-Mail: [email protected]
B Importer (Buyer):
55. Name: Rainbow Paper Ltd.
Address: 96F Bedivere Road, Brisbane.
RH11 0FX, Australia
E-Mail:
[email protected]
Group Project Report 4
Letter Head
37 Markham Road, Toronto, ON M1G 3N1, Canada
[email protected], +1-647-884 6612
mailto:[email protected]
Group Project Report 5
Ocean Carrier Contact Details
Exporting Country:
Name: Meridian Cargo Ltd.
Phone: +1 (514) 636-8282
E-Mail: [email protected]
Destination Country:
Name: Seabridge Global Logistics
Phone: +6 (173) 860-8100
E-Mail: [email protected]
Freight Forwarder Contact Details
Exporting Country:
Name: Anchor International Freight Service Inc.
56. Address: 2 Carlton St, Toronto, , ON, M5B 1J3,
Canada.
Phone: (416) 367-2118
Destination Country:
Name: Tradewise Global Logistics
Address: 1001 Londor Cl, Brisbane,
Australia.
Phone: +6 (113) 005-0098
Incoterm Being Used
CPT: Called as carriage paid to, is an Incoterm under
which the exporter takes up the
responsibility to arrange for the transportation of the goods and
pays the freight for goods to a
particular point as decided by the parties, mostly which is in the
destination country. Apart from
paying the freight for the journey, seller also assumes to
pay for the services like export
packaging, marking and labeling, any documentation fees for
the freight forwarder, and loading
charges at the seller’s location. Under CPT, once the
goods are loaded into the vessel, the
responsibility of the seller finishes, and it is the transportation
carrier who is responsible for the
delivery of goods at its destination. Since the seller is no more
responsible after the goods being
loaded, the buyer takes the risk of any kind of loss, or any extra
cost incurred. This Incoterm can
be used with any transportation mode, and also with the
multimodal movements. Under CPT
terms, the seller has no obligation to insure the shipment.
In terms of action responsibilities, division of costs and
passage of risk, CPT terms may be
57. illustrated as follows where the principal modes of
transportation are airfreight and ocean freight:
Description Dates
Order Received 27 November, 2018
Order Processing/ Packaging 12 December, 2018
Estimated Delivery Date 29 January , 2019
mailto:[email protected]
Group Project Report 6
Flow Chart depicting the Route
Shipment Begins --------------
from warehouse- 18 Dec,
7 Hours
travel time Via Road
Reaches Port of Montreal------ - 18
Dec.
2 days Idle at Port for Port Procedures
Container loading on vessel--
.
Quebec Express, HAPAG
LLYOD
1ST Port of Calling -------------
58. Panama, on 4 Jan
Group Project Report 7
Port of Destination ---------- Reaches Brisbane,
Australia on 28 Jan
Clearance at POD-----------
documentation at.
. Port of Brisbane, (Idle Time – 2 Days)
. 8 Hrs. on
truck or rail
Final place of Destination-
Jan. (Buyers
Warehouse)
Vessel Routing and Lead Times
Group Project Report 8
Vessel Name: Quebec Express
Carrier: HAPAG-LLOYD
Voyage No. Internal Voyage
No.
Service Departure Arrival Transit Time
2.70E+05 18233 AT2 MONTREAL, QC BRISBANE DAYS
59. Port Arrival Date Time Status Departure Date Time Status
MONTREAL, QC Tuesday 18 Dec,
2018
16:00 Actual Arrival Friday 21 Dec,
2018
6:30 Actual
Departure
PANAMA Friday 04 Jan,
2019
11:00 Estimated
Arrival
Monday 07 Jan,
2019
15:00 Estimated
Departure
BRISBANE Saturday 28 Jan,
2019
20:30 Estimated
Arrival
N/A N/A N/A N/A
In total, it will take 41 days and 13 hours of travel for the
shipment to reach Brisbane, Australia from
Montreal, Quebec. Since, the incoterm is CPT, the exporter will
be responsible for the shipment only till
60. port of Montreal and after that the risk will be transferred to the
buyer. This means that we will not be
responsible for insurance of the shipment. However, it will be
our responsibility to bear the cost of
transportation till the buyers said location in the destination
country, i.e., in this case port of Brisbane.
We will bear the cost till the container reaches port of Brisbane,
Australia.
How the CN rail strike addressed?
Due to the strike caused by the workers of CN rail, the company
initially had three alternatives to choose
from. The first alternative was to wait for the strike to finish,
which could take weeks or months. Second
Group Project Report 9
alternative with the company was to go with Canadian Pacific
Rail. But according to the Intermodal
Domestic Schedule, there was no route applicable for Toronto to
Montreal. The third alternative being
the road transportation was chosen by the company as it was
most viable for the company. Moreover, it
takes less time to deliver the goods to Montreal port.
Calculations
Number of sheets in each pack = 5000 sheets
Number of packs in each case = 12 packs
Dimensions of each case = 11”x8”x6”
Weight of each case = 30 kgs
61. Size of pallet = 48”x40”
Number of cases organized on a pallet = 16 cases
(4 pallets in one layer, with a height of total 4 cases)
Container to be used= 40 Ft. container
Number of pallets that can be fitted into one container = 20
pallets
Number of cases to be transported = 20 pallets x 16 cases in
each pallet = 320 cases
Dimension of each pallet = 48”x40”x28”
Actual Weight = 30 kg x 320 cases = 9600 kg
Total Volume = (48”x40”x28”)x 20 pallets
= 1075200 cubic inches
Total Volume in cubic feet = 1075200/ 1728
= 622.22 cubic feet
Total Volume in cubic metres = 622.22/ 35.3
= 17.63 cubic metres
Volume capacity of a 40 Ft. container = 45-50 cubic metres
Weight capacity of a 40 Ft. container = 25000-30000 kg.
62. Group Project Report 10
Since the weight and volume of the shipment can be easily
fitted into one 40 Ft. container, thus we will
use one full 40 Ft. container.
Cost of one pack = CAD $ 75
Number of cases = 320
Total cost of the goods = 320x US $75
= CAD $ 24000
Cost of shipment
Description Cost (CAD)
Cost of goods 24000
Ocean Freight 8000
Domestic Freight 2000
Packaging Cost 1000
Road Transport 1000
Handling fees 500
Fuel Surcharge 500
Insurance 108.75
Total Cost 37617.25
Working Note for Insurance Calculation:
63. Commercial Invoice Value= $ 24,000
Cost of ocean Freight = $ 8,000
Domestic Freight = $ 2,000
Total = $ 34,000
Rate = $ 0.29%
Insurance (estimated = $ 98.6
Insurance premium)
CIF (cost, insurance, = $ 34,098.6
Freight)
Plus 10% as per valuation = $ 37508.50
Group Project Report 11
(110% of $ 32093)
Rate = 0.29%
Insurance Premium = $ 108.75
List of questions for effectively and efficiently moving the
cargo.
What alternative would you suggest to the issue of CN rail
strike and Why?
64. To address this issue the first option available is the rival of CN
Rail that is the Canadian Pacific
Railways but if we look the case the strike is just one day
before the loading of the container, so
it is a time sensitive issue that requires an immediate
alternative.
So to address this issue we will choose the flexible mode that
is the road transport by the use of
truck, ideal for the short distances like Toronto to Montreal.
Though it will cost more than the rail but will eliminate the
delay as it is faster than the
railways.
How would the protection and safety of the goods would be
ensured?
Palletizing and Unitizing the Cargo:
quantities with good quality Kraft
paper or shrink-wrapped in plastic.
gummed
tape or pressure sensitive
adhesive tape for the final securing.
lamination shall be used for skid
wrapping.
65. Group Project Report 12
- fibreboard, corrugated,
single wall board with one
corrugated sheet between the two flat sheets shall be used.
identified as to contents
and banded packages must contain the precise number of
specified units.
What guidelines would be given regarding the unloading of the
cargo?
Unloading instruction
secure, weather protected
horizontal surface.
desired cargo
discharge.
What if the goods get damaged during the transit?
If the goods are damaged during the transit then our incoterm
CPT covers the insurance, so it
will cover the loss if any such incident happens during the
shipment.
How will be the goods marked and labelled to ensure proper
guidelines for delivery?
display the contract number,
description of the contents, the number of items and the
66. consignee's address.
ep dry’ shall be used for the precaution to avoid
any damage from water and
moisture to the printing papers.
Documents
1. Commercial Invoice
Commercial
Invoice.pdf
Group Project Report 13
2. Packing List
Packaging List.pdf
3. Bill of Lading
Sample Ocean Bill
of Lading[4519].pdf
4. Export Permit/Declaration
Export Declaration
Final.pdf
5. Certificate of Origin
Final Certificate of
Origin[4518].pdf
67. 6. Letter of Credit
TD Canada Trust
TD Canada Trust, 7670 Markham Rd, Markham, ON L3S 4S1
Group Project Report 14
Tel: 1800-565-4563| Website: www.tdcanadatrust.com
Swift:TDAAHH5
Advice Number: HTH2018
Amount
Advice Date: Sept 30,2018
CAD $ 37617.25
Issue Bank Ref:
Expiry Date: Nov 20, 2018
Beneficiary Address
Woodmate Paper Export Inc.
Address: 37 Markham Road, Toronto,
ON M1G 3N1, Canada
E-Mail: [email protected]
Applicant address
Rainbow Paper Ltd.
Address: 96F Bedivere Road, Brisbane. RH11 0FX, Australia
E-Mail: [email protected]
Irrevocable Letter of Credit
This is the following Letter of Credit that is being Issued;-
Commonwealth Bank
400 George St, Brisbane City QLD 4000, Australia
68. Take Into consideration the following Terms and conditions: -
By negotiating your draft, you can get a letter of credit and
when you present the
following documents you can get the full amount of the Invoice.
1. Commercial Invoice = 2 Copies
2. Export declaration Document = 1Copy
3. Packing List = 1 Copy
4. Certificate of Origin Document = 2 Copies
5. Bill of Lading = 1 Copy
Evidence of transport 320 Cartons having 9600 sheets of paper.
Goods are transported from Canada, Port of Montreal to
Brisbane, Australia.
The Shipment date for transportation is 21st December 2018.
Partial shipment is not allowed.
All costs that are incurred outside Canada is borne by
Beneficiary.
We agree that this letter of credit will be honoured upon
presentation at the applicable
date and time on or before the expiration date.
mailto:[email protected]
mailto:[email protected]
Group Project Report 15
In the event of a draw under this letter of credit, the Beneficiary
is required to present the
original letter of credit, including any amendments issued after
the date of origin and
other documents as per the requirement of the crediting
institution.
69. Please read the following instructions carefully. If you don’t
comply with the documents
you may further contact the buyer.
TD Canada Trust
Hardik Sonera
Authorized Signature
References:
INCOTERMS. (n.d.). Retrieved from
http://actlogisticsinc.com/incoterms/
LTD, S. (n.d.). Current Market Rate. Retrieved from
https://www.searates.com/reference/portdistance/
Customer Resources (n.d.). Retrieved from
https://www.cpr.ca/en/customer-resources-
site/Documents/intermodal-domestic-schedule-october-2018.pdf
https://www.cpr.ca/en/customer-resources-
site/Documents/intermodal-domestic-schedule-october-2018.pdf
https://www.cpr.ca/en/customer-resources-
site/Documents/intermodal-domestic-schedule-october-2018.pdf
https://www.searates.com/reference/portdistance/
http://actlogisticsinc.com/incoterms/
Exporting from Canada Assignment
A Capstone exercise both based on INTL704/222 (ITT) and
INTL729/233 (EFF) CIFFA education courses.
Hand in soft copies of your (i) report and appendices in one file
Scenario
You are a graduate from seneca College. Your Graduation from
Global and International Business Management is a proof that
70. you worked hard, and you are confident that a great future is
waiting for you. You received an e-mail from an old Professor
who is consulting for an important company which is looking to
export the following product:
5 Skids of Pfizer Vaccine for Hospitals Treating COVID-19
weighing 3.7 tonnes and having dimensions of 40” x 48” x 56”
high
Your Customer, Doctors Without Borders, is located in Port-au-
Prince, Haiti
Your Professor was recently promoted, and now (s)he is
Director of Global Exporting for Apotex Pharmaceuticals
(Toronto) and his/her potential customer is in the country you
have chosen. They need a freight forwarder and they are
thinking of working with you to manage managing the exporting
of this product(s) from Canada.
In order to convince him and his managers that you are a
suitable business partner and that you have a team that is
capable of handling the job, he asks you for a Sales Presentation
and Team Report to be Submitted to his Management Team.
You have a short period to get everything done so you need to
get started now.
With the knowledge acquired at Seneca, your understanding of
Canadian and International Logistics, the desire to succeed in
the business field, and a network of Seneca colleagues (team
size fixed maximum 6 students! (don’t ask). You must finalize
your teams by the end of week 2 (or you will be automatically
enrolled in a team).
You accept the challenge. Success here holds the key your
career and you are in control. To get you started, your former
Freight Forwarding Professor offered to help you and prepared
the following spreadsheet:
71. 1
A CHECKLIST WITH
THE IMPORT/EXPORT TRANSACTION PARTNERS AND
THEIR ROLE
PLAYERS IN THE IMPORT/EXPORT BUSINESS
ROLE
EXAMPLE DOCUMENTS
WHAT YOUR TEAM SHOULD DO
WHEN AND HOW YOU COLLECT DATA
SELLER/SHIPPER EXPORTER (your professor)
Manufactures or distributor;
Attend/assess your presentation, assess your proposal,
Prepares, packages & labels the goods for export
Identify a suitable CIFFA Freight Forwarder
All documentation to be completed by the seller’s agent
(below), SLI
Sign a clear sales contract, Invoice
Market Research, Product Development
Storage and Warehousing needs
BUYER/
IMPORTER
Receive Good Quality Goods on time and in good condition
RFP, Prepare a clear sales contract
Research the Role
Send a request for quote (RFQ)
(include the e-mail )
SELLER’S AGENT (FREIGHT FORWARDER,
CUSTOMS BROKER & BONDED WAREHOUSE)
(your team)
Find the best the carriers, route, risk analysis
Calculates the freight rates.
72. Arranges Insurance
HS Tariff classification;
Clears the goods for customs.
Where you will store the goods, tariff deferral
Quotation, Sales Presentation, Import/Export Business Licence,
Commercial Invoice, Export Permit, Export Declaration…
Letters of Introduction, marketing materials
AWB, BL or multimodal transport documents
Insurance Certificate…
Warehouse receipt
Prepare an introduction letter, quotation, transport document(s)
Identify HS code and put it in the documents
Research the warehousing needs and explain what service is
needed
CIFFA site, membership
EXPORT REGULATORS &
AGENTS
Regulators who you contact issue food inspection certificates,
CofO,
Quality, Export Permit
CofO, Export Permit, Inspection certificate, other certifications
depending on your product and the terms of the letter of credit
Identify the specific
Foreign agencies to receive import approval
Research the export requirements for the product
BANKER
Financial Institution(s) to arranges credit, loans and advice
about payment method
Provides the Letter of Credit, Credit Insurance
Contact a bank branch, (or BDC and EDC) talk with a Business
73. Manager;
Call, visit
IMPORT REGULATORS &
AGENTS
Protectionism (local manufacturers/jobs), policies,
Trade Agreements
Import Permits, consular invoices, all documentary
requirements for import, import customs broker
Identify the specific
Agencies in country to receive export approval
MIGRAS, gov’t website
ANY OTHER PARTIES (depends on your product) and should
be included above.
SUGGESTIONS ON DIVIDING UP THE WORK
Team Report & Appendices
1. Team Leader: specify his/her responsibilities including the
Incoterm, HS Code, Chargeable Weight, calculation of costs,
routing and completion of a 1-page executive summary.
Assemble the report and appendices into one document.
2. Other Team Members: assigned to a particular function (or 2)
of this exercise based on your abilities and previous work/study
knowledge and experience.
3. Pamphlets, business cards and evidence of your research
contacts along with completed documents are important to the
appendices.
Audio/Video Presentation: In this component you need to focus
on selling the merits of your freight forwarding service to me,
your potential client (the seller). By now you should have a
clear idea of the benefits that the “Architects” of logistics and
create a convincing marketing pitch to convince your client that
your team will provide the highest value, has experts speaking
in each area, and you should be chosen for the role of this
exporting adventure. Maximum 2 slides per person, max. length
= 10 minutes. Please choose an appropriate platform because
your client does not have the time to wait 10 minutes for a file
74. to download.
Individual Reports: An individual report (1-2) pages, concise,
with what your own professional contribution to the team is and
the importance of teamwork in the business world. (Use the
form provided in the last page of these instructions.)
Project Mark Breakdown (see also the published rubrics
attached to the assignments):
Section
Mark
Written Report:
Organized, complete, professional with Exec. Summary,
Introduction/Clear Purpose, Business Case/CREEEPSS Risk
Analysis, Description of each function including contacts,
recommendations & conclusions and NO documents (see
below)…
/5
Appendices complete, accurate, well organized set of Import &
Export Documents, evidence of contacts, APA sources…
/5
Audio/Video Presentation: Clear, concise, convincing, Quality
content in the PP slides and the flow of your exercise (max 10
minutes).
/5
Individual Report: Professionalism: grammar, spelling,
contribution, teamwork problems, key learning, next steps,
etc…
/5
Case Total
/20%