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.
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FIN 486 Week 2 Team Assignment (P4-6, P4-19)
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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