d. Complete the following statement of cash flows assuming long-term debt is used to adjust the forecasted cash balance. Statement of Cash Flows Cash generated by operations $ Cash used for investing Cash used for financing Total change in cash Cash at beginning of period Cash at end of period $ Total change in cash Cash at beginning of period Cash at end of period 57696 -14908 0x 0 x 51141 0x e. Complete the following statement of cash flows assuming marketable securities are used to adjust the forecasted cash balance. Statement of Cash Flows Cash generated by operations $ Cash used for investing Cash used for financing 57696 -54660 0 x 51141✓ 0 x
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
I need a lot of help with the last two tables, just the ones that are marked incorrect.
![We obtain the following 2020 forecasts of selected financial statement line items for Journey Company.
2019
Actual 2020 Est.
$708,554 $740,439
67,096 62,096
346,558 308,437
51,174
51,174
57,696
(14,908)
(54,660)
(11,872)
51,141
$39,269
$ millions
Net Sales
Marketable securities
Long-term debt
Treasury stock (deducted from equity)
Cash generated by operations
Cash used for investing
Cash used for financing
Total net change in cash
Cash at beginning of period
Cash at end of period
Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.
a. Does forecasted cash deviate from the normal level for this company?
Calculate the company's normal cash level as a percentage of sales.
Normal cash as a % of sales
7.22 %
Using the answer above, compute what should be the normal cash balance for FY2020.
Normal cash balance for FY2020
$
53457.73](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F21d3c2f2-67a5-4e6a-bf2b-5d5fa64c75d1%2F1cfc2ad7-6a48-449a-aad3-31589ea9dee6%2Fnl25z9_processed.png&w=3840&q=75)
![d. Complete the following statement of cash flows assuming long-term debt is used to adjust the forecasted cash balance.
Statement of Cash Flows
Cash generated by operations $
Cash used for investing
Cash used for financing
Total change in cash
Cash at beginning of period
Cash at end of period
$
57696
-14908
$
0 x
0 x
51141
0 x
e. Complete the following statement of cash flows assuming marketable securities are used to adjust the forecasted cash balance.
Statement of Cash Flows
Cash generated by operations $
Cash used for investing
Cash used for financing
Total change in cash
Cash at beginning of period
Cash at end of period
57696
-54660
0 x
51141
0 x](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F21d3c2f2-67a5-4e6a-bf2b-5d5fa64c75d1%2F1cfc2ad7-6a48-449a-aad3-31589ea9dee6%2Fl1jjp58_processed.png&w=3840&q=75)
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