Step 1: Financing
The junior accounting team has assembled a
Financing Report that (a) offers three options for securing the additional
funds required to meet the new order; and (b) details the criteria Shaun, the
owner of SunsTruck, would like you to consider when choosing one of the three
options. Based on this report:
·
Identify which financing option you think is the
best option for SunsTruck to pursue given Shaun’s constraints. Write 3
sentences explaining the rationale for your decision.
Note: You
should complete Steps 2 & 3 after reading the material in Week 5.
Step 2: Accounting Cycle
A junior accountant is working to get everything in
order for the new financing and has come to you with a question about what do
next in the accounting cycle.
·
Read the email the junior accountant sent you and
identify the best next step to take in the accounting cycle. Write 2
sentences explaining your reasoning.
Step 3: Financial Statements
A potential investor has been identified, but
before it is willing to commit, it has requested information about SunsTruck’s
current debt from the junior accountants.
·
Identify the correct financial statement for your
junior accountants that will provide the investor with the information it has
requested. Write 2 sentences to explain to your junior accountants
why you are giving them this financial statement and where the debt information
is located.
