Devry busn 379 wk 2 prepare a memo in word, which answers the

DeVry BUSN 379 Wk 2



Prepare a memo in Word, which answers the questions in the Chapter 2 Case, Cash Flows and Financial Statements at Sunset Boards, Inc., on page 51 of the textbook. Use Excel to solve any financial calculations. You will be graded on correct financial analysis, proper use of technology, business-like presentation of technology, and business-like presentation.





Text Box: Neat Chapter Case Cash Flows and Financial Statements at Sunset Boards, IncCHAPTER CASE


0 tinsel Boards is a small company that manufactures and sells surfboards in Malibu. Tad Mar., the founder of the company, is M charge of the design and sale of the surfboards, but IMs background is in surfing, not business. As a result, the company’s financial records are mt well maintained.

a‘Me initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively small, and the company has made surfboards only for its own store, the investors haven’t required detailed financial statements from Tad. But Menlo to word of mouth
among professional surfers, sales have picked up recently, and Tad is consideHng a major expansion, His plans include opening another surfboard store in Hawaii, as well as supplying Ms licks” (surfer lingo for boards) to other sellers,

Tad, eckpansion plans require a significam investment, which he plans to finance with a combination of additional funds from outsiders plus some rooney borrowed from banks. Naturally,. oew investors and creditors require more organized and detailed financial statements than Tad has previously prepared.At the urging of his investors, Tad has hired financial analyst Paula Wolfe to evaluate the performance of the company over the past year.

after. ooting through old hank statements, sales receipts, tax reurns, and other records, Paula has assembled the following information:





…goods sold









Interest expense



Selling Se administrative expenses



Accounts payable



Net fixed assets






Accounts receivable Notes payable



Long-term debt






New equity



Sunset Boards currently pays oM 50 percent of oet income as dividends to Tad and the other original investors, and has a 20 percent tax rate. You are Puila’s assistant, and she has asked you to prepare the following: 1., income statement for 2013 and 2014.

2.,4 balance sheet for 2013 and 2014. 3. Operating cash flow for each year. 4.Cash flow from assets for 2014. 5.Cash flow M creditors for 201, 6.Cash flow to stockholders for 2014.

How would you describe Sunset Boards’ cash flows for 20147 Write a brief discussion.

2. In light of your discussion in the per          question, what do you think about Tad’s expansion plans,

The terms owners’ equity, shareholders’ equity, and 44 %242deri equity axe used interchangeably to refer to the equity in a corporation. n. tor. net 4.72 is 41×45444. 7..0.5 5.2 ….mt. uvw .


Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees is always working towards customer satisfaction. Our professional academic writers always aim at producing comprehensive papers that possess quality and originality at pocket-friendly prices. Students are assured that all their private information is safe with us.

Money-Back Guarantee provides a system where students can request for money-back in case they cancel the order or in the rare instances of dissatisfaction. The refund policy adheres to the company’s term and conditions on money-back.

Read more

Zero-Plagiarism Guarantee

While providing the best professional essay writing services, we guarantee all our students of plagiarism-free papers. All papers produced by our professional academic writers are checked against all web resources and previously completed papers to avoid plagiarism.

Read more

Free Revision Policy

In our urge to provide the best professional essay writing services, we guarantee students of free revision policy. The free revision policy is a courtesy service where students can request for unlimited for their completed papers. We always aim at achieving 100% customer satisfaction rates. The free revision policy is one among many of our major advantages.

Read more

Privacy Policy

At, every student is entitled to total security. Our professional academic writers are always committed to protecting all private information of our customers. We do not share any personal information with third parties. Additionally, we provide safe systems for all online transactions.

Read more

Fair-Cooperation Guarantee

Working with us is the greatest step towards achieving all your academic goals. We always deliver the best professional essay writing services as promised. We, therefore, expect all students to work cooperatively with us, as we work towards achieving our goal, your satisfaction. This way, all services will be delivered accurately and on time.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages