Sloboat Case Study Free Essays

Sloboat Case Study March 7, 2013 Capstone Seminar Sean McNamara, Matthew Sylvia, Michael Regghetio Analysis of Sloboat Case Study For this situation we assume the job of Rick Craner, the budgetary bookkeeper for Sloboat Shipping Inc. Rick is confronted with accumulating, sorting out, and assessing the company’s budgetary action for the 2012 financial year. We are given a few notes on Sloboat budgetary exchanges, and we are entrusted with figuring out these exchanges to give a reasonable assessment and introduction of Sloboat’s money related standings toward the finish of the 2012 monetary year. We will compose a custom paper test on Sloboat Case Study or on the other hand any comparative subject just for you Request Now It is critical to take a gander at all of the exchanges portrayed for the situation concentrate before pushing ahead. The contextual analysis separated these exchanges into â€Å"financing† and â€Å"investing†. Coming up next are exchanges that happened under â€Å"financing†: * 7% securities payable gave on November 1, 2010 * Bonds pay premium semi-every year on May first and November first * Market loan fee on the date of issuance had been 8% * SSI chosen to resign half of the 7% securities on August 1, 2011 * Additional 30,000 basic offers gave on June 14, 2011 * Common profit of $0. 5 for each normal offer on December 1, 2011 with date of record of December fifth and dispersion on December twentieth coming up next are exchanges that happened under â€Å"investing†: * SSI possessed 250, 7. 5% obligations of â€Å"OnCap Financial†, bought in late monetary 2011, bonds paid enthusiasm on March first and September first and set to develop on March 1 , 2014. On January 31, 2012, the market diminished to 5% and SSI sold all the exceptional securities. * SSI possessed 20,000 offers in Lowland Resources. On October 2, 2011 SSI got a 5% stock profit. Each offer was exchanging at $22. 62. On December 15, 2011 SSI chose to sell 60% of its property (12,000 stocks). SSI paid a $400 financier charge. On February 29, 2012, the rest of the offers were exchanging at Statement of Financial Position| As at February 28, 2011| | ASSETS| | Current Assets:| | Cash| $| 12,736 | Bond Investing Recievable| | 9,375 | Trading Investment-Stocks| | 468,600 | Trading Investments-Bonds| | 260,156 | Inventory| | 47,987 |  | | 798,854 | Property, Plant, and Equipment| | 742,108 |  | | 742,108 | Total Assets| | 1,540,962 | Liablities Shareholder’s Equity| | Liabilities| | Current liabilities:| | Bond intrigue payable| $| 23,333 | Dividends payable| | 11,250 |  | | 34,583 | Long-term liabilities:| | 7% Bonds Payable(1,000 bonds; mautres 11/1/15)| | 961,694 |  | | 961,694 | Total Liabilities| | 996,277 | Shareholders’ equity| | $2. 25 cumlative, non-convertible favored stock| | 37,500 | 150,000 approved; 5,000 outstanding| | Common stock| | 253,000 | 500,000 approved; 20,000 outstanding| | Stock profit to be distributed| | 15,430 | Retained earnings| | 238,755 |  | Total Shareholders’ equity| | 544,685 | Absolute liabilities and Shareholders’ value | $1,540,962 | Cash Reciepts and Disbursements| For Fiscal 2012| | Cash Reciepts| | Common Shares| $| 610,500 | Bond Investment| | 18,750 | Trading contributing †Bonds| | 272,331 | Trading contributing †Stocks| | 268,610 | Total| | $| 1,170,191 | Cash Disbursements| | 7% Bonds Payable| $| 528,517 | Bond interest| | 52,500 | Dividends| | 30,150 | Total| | $| 611,167 | * $19. 45 (8,000 stocks). Proclamation of Financial Position| As at February 28, 2012| | ASSETS| | Current Assets:| | Cash| $| (468,111)| | Bond Investing Recievable| | 9,375 | Trading Investment-Stocks| | 468,600 | Trading Investments-Bonds| | 310,644 | Inventory| | 47,987 |  | | 368,495 | Property, Plant, and Equipment| | 742,108 |  | | 742,108 | Total Assets| | 1,110,603 | Liablities Shareholder’s Equity| | Liabilities| | Current liabilities:| | Bond premium payable| $| 73,821 | Dividends payable| | 11,250 |  | | 85,071 | Long-term liabilities:| | 7% Bonds Payable(1,000 bonds; mautres 11/1/15)| | 480,847 |  | | 480,847 | Absolute Liabilities| | 565,918 | Shareholders’ equity| | $2. 25 cumlative, non-convertible favored stock| | 37,500 | 150,000 approved; 5,000 outstanding| | Common stock| | 253,000 | 500,000 approved; 20,000 outstanding| | Stock profit to be distributed| | 15,430 | Retained earnings| | 238,755 |  | Total Shareholders’ equity| | 544,685 | Total liabilities and Shareholders’ value | $1,110,603 | Cash Reciepts and Disbursements| For Fiscal 2013| | Cash Reciepts| | Common Shares| $| 610,500 | Bond Investment| | 18,750 | Trading contributing †Bonds| | 272,331 | Trading contributing †Stocks| | 268,610 | Total| | $| 1,170,191 | Cash Disbursements| | 7% Bonds Payable| $| 528,517 | Bond interest| | 52,500 | Dividends| | 30,150 | Total| | $| 611,167 | Bond Interest Payable $33659. 29 Bonds Payable $480847 Bond Interest Payable $16829. 50 Bond Interest Payable $33659. 29 Bonds Payable $480847 Bond Interest Payable $16829. 50 Trading Investments bonds $33659. 29 Cash $480847 Trading Investment Bond $16829. 50 Trading Investments bonds $33659. 29 Cash $480847 Trading Investment Bond $16829. 50 Debit Credit Step by step instructions to refer to Sloboat Case Study, Free Case study tests