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    Managerial Accounting Ass Written Ass 1

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    Roba Hassan
    The document analyzes the financial statements of Polly Pet Food including the income statement, statement of cash flows, and balance sheet. The income statement shows retained earnings of $168,500. The statement of cash flows tracks cash inflows and outflows over time from operating, investing, and financing activities. It shows that Polly Pet Food had an end of year cash balance of $200,000, up from $30,000 at the beginning of the year. The balance sheet as of December 31, 2018 shows assets equal to liabilities plus equity, with a zero balance. In conclusion, the financial statements indicate that Polly Pet Food is profitable and has a healthy financial position.

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    Managerial Accounting Ass Written Ass 1

    Uploaded by

    Roba Hassan
    57 views1 page
    The document analyzes the financial statements of Polly Pet Food including the income statement, statement of cash flows, and balance sheet. The income statement shows retained earnings of $168,500. The statement of cash flows tracks cash inflows and outflows over time from operating, investing, and financing activities. It shows that Polly Pet Food had an end of year cash balance of $200,000, up from $30,000 at the beginning of the year. The balance sheet as of December 31, 2018 shows assets equal to liabilities plus equity, with a zero balance. In conclusion, the financial statements indicate that Polly Pet Food is profitable and has a healthy financial position.

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    uopeople bus 5110 written assigment unit 1

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    managerial accounting ass written ass 1

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    The document analyzes the financial statements of Polly Pet Food including the income statement, statement of cash flows, and balance sheet. The income statement shows retained earnings of $168,500. The statement of cash flows tracks cash inflows and outflows over time from operating, investing, and financing activities. It shows that Polly Pet Food had an end of year cash balance of $200,000, up from $30,000 at the beginning of the year. The balance sheet as of December 31, 2018 shows assets equal to liabilities plus equity, with a zero balance. In conclusion, the financial statements indicate that Polly Pet Food is profitable and has a healthy financial position.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    57 views1 page

    Managerial Accounting Ass Written Ass 1

    Uploaded by

    Roba Hassan
    The document analyzes the financial statements of Polly Pet Food including the income statement, statement of cash flows, and balance sheet. The income statement shows retained earnings of $168,500. The statement of cash flows tracks cash inflows and outflows over time from operating, investing, and financing activities. It shows that Polly Pet Food had an end of year cash balance of $200,000, up from $30,000 at the beginning of the year. The balance sheet as of December 31, 2018 shows assets equal to liabilities plus equity, with a zero balance. In conclusion, the financial statements indicate that Polly Pet Food is profitable and has a healthy financial position.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
    of 1

    BUS 5110: Managerial Accounting- Written Assignment Unit 1

    Analysis of Polly Pet Food Financial Statement


    Sherif Yusuf
    University of the People
    April 2021
    The income statement for Pollys Pet Products shows a retained earnings ending balance of $168,500.
    Statement of Cash Flows
    The statement of cash flow tracks all the cash coming into and out of an enterprise over a set period
    of time, by looking at cash utilized and generated via operating activities, investing activities, and
    financing activities (Accounting Hub, n.d.). Under the heading Cash Flows from Operating Activities,
    cash paid out to suppliers and employees (salaries and expenses paid) is calculated by finding the
    difference between the net cash and the sum of cash received from customers, interest paid, and taxes
    paid ($185,000+$5,000+$10,000-$600,000 = $-400,000). Net cash provided by financing activities
    (net amount of funding generated to finance the company) is determined by calculating the sum of all
    the rows under the Cash Flows fromFinancing Activities heading ($50,000-$45,000+$5,000 =
    $10,000). To calculate the net change in cash (amount by which a companys balance increases or
    decreases over a period of time), find the sum of net cash provided by operating activities, net cash
    used in investing activities, and net cash provided by financing activities ($185,000-$25,000+$10,000
    = $170,000).
    The cash balance, end of year (total available cash at the end of the year), is determined by adding
    the beginning of year balance to the net change in cash ($170,000+$30,000 = $200,000).Pollys Pet
    Products has an end of year cash balance of $200,000.Balance SheetAn enterprises assets are
    equivalent to their liabilities plus equity, and the balance sheet captures these values for an
    organization at a specific date (Accounting Hub, n.d.).The Pollys Pet Products balance sheet is
    calculated as of Dec 31, 2018. The value for cash was taken from the cash balance, end of year from
    the statement of cash flows. The total current assets
    Conclusion
    The income statement, statement of cash flows, and balance sheet each provide different information
    in support of internal management processes(Walther &Skousen, 2018, p. 10).Pollys Pet Products
    balance sheet as of Dec 31, 2018 shows a zero balance. Additionally, they have a positive cash flow
    due to an end of year cash balance of $200,000 while only starting the year with $30,000. The
    enterprise is also profitable, shown via the $65,000 net income. Using the available financial
    information, Pollys Pet Products is a healthy enterprise.
    References
    Accounting Hub. (n.d.). Accounting . Boundless.com CC BY-SA 4.0. Retrieved From
    http://oer.org/mods/en boundless/www.boundless.com/accounting/index.htmlPatriot Software. (2018,
    October 9).

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