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Week 8 notes

by: Laura Notetaker

Week 8 notes Fin 4310

Laura Notetaker
GPA 3.77
Managerial Finance
Dr. Oscar Varela

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About this Document

These are the notes for the chapter on Pro Forma income statement and balance sheet
Managerial Finance
Dr. Oscar Varela
Class Notes
Managerial Finance
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This 1 page Class Notes was uploaded by Laura Notetaker on Friday October 16, 2015. The Class Notes belongs to Fin 4310 at University of Texas at El Paso taught by Dr. Oscar Varela in Summer 2015. Since its upload, it has received 28 views. For similar materials see Managerial Finance in Finance at University of Texas at El Paso.


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Date Created: 10/16/15
Week 8 Notes Pro Forma Total sales to the sales made from January to December 2014 There need to be some plans to make forecasts to develop an income statement and a balance sheet Example In the balance sheet Jan Acct Receivable 345 Look at the sales ofJanuary which equal to 220 In December sales were 250 In November sales were 206 In the plans in letter G it says that the money from sales will be collected in two months after the sale was made The firm will receive 12 the cash in the next month of the sale and the other half two months after the sale was made So Acct Receivable for January 220 sales made in January 2502 the second half of the sales made in December 345 For inventory look up letter h in the plan Acct Payable look up letterj in plans Income tax payable In December 2013 gt The income tax payable was 40 In January 2014 gt there was an income tax credit of 5 which in the balance sheet there will be a 35 405 In February 2014 gt there is tax liability of 4 which we will have 39 354 In March 2014 gt there is a tax liability of 24 which we will have 63 39 24 In April 2014 gt there is a tax liability of 45 we have taxes due in December 40 and then we have M of the taxes for the year 113 That gives a 46 in the income tax payable for April 2014 Financially constraint means when the firm cannot rely on a line of credit Nonfinancially constraint means when the firm can rely on a line of credit


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