You are considering investing in the bed and breakfast (B&B) industry. Two B&Bs, Burleigh Heaven and Miami Paradise, have been shortlisted for your consideration.
Both companies are about the same size, with similar assets and sales. The following is extracted from their statements of cash flows for the year ended 31 December 2019.
Burleigh Heaven | Miami Paradise | |||
Receipts from customers | $95,964 | $59,148 | ||
Cash payment to suppliers and employees | -68,682 | -43,117 | ||
Interest received | 529 | 520 | ||
Interest and other costs of finance paid | -6,118 | -17,881 | ||
Income tax paid | -14,012 | -10,758 |
The statements of financial position as at 31 December 2019 show the following balance for cash and cash equivalent for the two companies.
Burleigh Heaven | Miami Paradise | |
Cash and cash equivalent | $6,405 | $4,599 |
Required
Calculate the cash to daily expenses ratio for both companies.
(Round answers to 1 decimal place, e.g. 15.6)
Compute the cash to daily expenses ratio for both companies:
Cash and cash equivalent | ÷ | Daily operational Expenses | = | Cash to daily expenses ratio | |
Burleigh heaven | $6,405 | ÷ | $68,682 | = | 0.093 |
Miami heaven | $4,599 | ÷ | $43,117 | = | 0.107 |
You are considering investing in the bed and breakfast (B&B) industry. Two B&Bs, Burleigh Heaven and...
You are considering investing in the bed and breakfast (B&B) industry. Two B&Bs, Burleigh Heaven and Miami Paradise, have been shortlisted for your consideration. Both companies are about the same size, with similar assets and sales. The following is extracted from their statements of cash flows for the year ended 31 December 2019. Burleigh Heaven Miami Paradise Receipts from customers$95,964 $59,148 Cash payment to suppliers and employees-68,682 -43,117 Interest received529 520 Interest and other costs of finance paid-6,118 -17,881 Income...
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To complete the assignment, you will be using financial
statement excerpts from the 2018 10Ks of Delta, Honeywell, and Ford
Motor Company. I have extracted the portions of the 10K you will
require for the assignment and posted the information
4. What is the difference between a defined benefit pension plan
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Excerpt from Ford Motor Company 2018 10K regarding...
To complete the assignment, you will be using financial
statement excerpts from the 2018 10Ks of Delta, Honeywell, and Ford
Motor Company. I have extracted the portions of the 10K you will
require for the assignment and posted the information
6. What is the funded status of all of Honeywell’s pension
benefit plans in 2018 (US and Non US)? What amount of asset or
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Excerpt from Ford Motor Company 2018 10K...
To complete the assignment, you will be using financial
statement excerpts from the 2018 10Ks of Delta, Honeywell, and Ford
Motor Company. I have extracted the portions of the 10K you will
require for the assignment and posted the information
2. What is the total amount of income taxes owed by Ford Motor
Company in 2018? How much of the amount owed is due to federal,
state & local and non-US government agencies?
Excerpt from Ford Motor Company 2018 10K...
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