China IV

had my last paper done by you guys and it was pretty good. I still need to do better on this one, and really need it on a PhD level. Please help. I was told to select 3 problems for this assignment, because on the excel sheet, the answers are at the end of the page (but I still need you to fill them in" rel="nofollow">in because I have very little time on my hands), then there is the Essay Questions (which do not have to be extremely long). Thanks for everythin" rel="nofollow">ing. 1.The rule-of-thumb in" rel="nofollow">in evaluatin" rel="nofollow">ing the cash flows of an organization is: ◦The cash flows from operations should be positive, and in" rel="nofollow">increasin" rel="nofollow">ing each year, and ideally should be sufficient to cover any negative cash flows from in" rel="nofollow">investin" rel="nofollow">ing activities. ◦How would you evaluate Chin" rel="nofollow">ina Trade in" rel="nofollow">in terms of cash flows, in" rel="nofollow">in light of this rule-of-thumb measure? 2.Chin" rel="nofollow">ina Trade's in" rel="nofollow">income statement (after adjustin" rel="nofollow">ing for depreciation expense and adjustin" rel="nofollow">ing entries) shows net in" rel="nofollow">income of $300. Yet, its cash flows from operations were a negative $3,000. What caused a $300 accrual basis profit to become a $3,000 "loss" in" rel="nofollow">in terms of cash flows from operations? A contin" rel="nofollow">inuin" rel="nofollow">ing case study… CHINA TRADE, INC. Part IV - Statement of Cash Flows Learnin" rel="nofollow">ing Objectives ` l To understand what in" rel="nofollow">information the Statement of Cash Flows provides l To classify cash transactions in" rel="nofollow">in the appropriate Operatin" rel="nofollow">ing, Investin" rel="nofollow">ing or Fin" rel="nofollow">inancin" rel="nofollow">ing activity categories, and thereby prepare a Statement of Cash Flows under the "direct method". l To prepare the Cash Flows from Operatin" rel="nofollow">ing Activities section under the "in" rel="nofollow">indirect method", usin" rel="nofollow">ing in" rel="nofollow">increases and in" rel="nofollow">increases in" rel="nofollow">in balance sheet amounts. l To evaluate an organization's cash flows, usin" rel="nofollow">ing a rule-of-thumb measure. Requirements a. For each of the cash transactions under the "Transactions", tab, enter the cash amount in" rel="nofollow">in the Inflows or Outflows column of the Cash Flows Journal as appropriate (see "CashFlows" tab). Select the appropriate "classification code" from the code numbers on the Statement of Cash Flows. The first transaction has already been entered to serve as an example. If a transaction does not in" rel="nofollow">involve cash, leave that lin" rel="nofollow">ine blank. For answers to all the adjustin" rel="nofollow">ing entries, click on the "Answer" tab. b. Note that the Statement of Cash Flows is prepared from your postin" rel="nofollow">ings automatically. When you have completed all the cash postin" rel="nofollow">ings, check the end-of-period balance to make sure it agrees with the Cash amount on the balance sheet at August 31 (see "Balance Sheet" tab.) c. In the tab called "Indirect" is a skeleton for the Operatin" rel="nofollow">ing Activities section of the Statement of Cash Flows as it would appear under the "in" rel="nofollow">indirect method." Fill in" rel="nofollow">in the amounts on the blank lin" rel="nofollow">ines by referrin" rel="nofollow">ing to the in" rel="nofollow">income statement and balance sheet contain" rel="nofollow">ined in" rel="nofollow">in the "Income & Retain" rel="nofollow">ined Earnin" rel="nofollow">ings" and "Balance Sheet" tabs. Note that in" rel="nofollow">increases in" rel="nofollow">in asset accounts become negative adjustments and are to be shown in" rel="nofollow">in brackets and subtracted from net in" rel="nofollow">income rather added. The opposite is true of liabilities. Note also that sin" rel="nofollow">ince all balance sheet accounts started with a zero balance at the begin" rel="nofollow">innin" rel="nofollow">ing of this first month of operations, the amount of in" rel="nofollow">increase of each account is the same as the endin" rel="nofollow">ing balance. Normally, it would be necessary to subtract the begin" rel="nofollow">innin" rel="nofollow">ing balance from the endin" rel="nofollow">ing balance to arrive at the amount of in" rel="nofollow">increase or decrease for the period. When fin" rel="nofollow">inished check your answer to the one contain" rel="nofollow">ined in" rel="nofollow">in the "Answer" tab. d. Check to make sure the net cash flows from operatin" rel="nofollow">ing activities under the "in" rel="nofollow">indirect method" is the same as the net cash flows from operatin" rel="nofollow">ing activities under the "direct method". e. Essay Questions Go to the tab called "Essays" and write your answers in" rel="nofollow">in a separate Word document. Do NOT write them in" rel="nofollow">in the Excel workbook. All essay questions require full, grammatically correct sentences which in" rel="nofollow">include your reasonin" rel="nofollow">ing and/or explanation. It is strongly suggested that you start each answer with the wordin" rel="nofollow">ing of the question; for example "Overhead costs cannot be charged directly to in" rel="nofollow">individual jobs because…"