Gregg’s Shipping Supplies Ltd (GSSL) trades in the buying and selling of ship spares and has several branches within the Caribbean. Recently the company has seen a rapid increase in demand of its products across all branches and is therefore in need of additional financing to adequately boost its supply inventory. The corporate banking head of Bankers Choice Bank is requesting a full set of financial statements to ensure that granting the loan to GSSL would be financially feasible during a period when many businesses are facing financial challenges. The company financial year ends on June 30 each year and you have been tasked with the responsibility to prepare the financial information for the branch that is linked to your first name initial. Trinidad Branch Required:a) Prepare the necessary adjusting journal entries on June 30, 2022 b) Prepare the Adjusted Trial balance at June 30, 2022. c) Prepare the company’s multiple-step income statement for the period ending June 30, 2022 d)…

Suppose you work in the loan department of Third National Bank.Byron Blakely, the owner of Byron’s Beauty Solutions, has come to you seeking a loan for$500,000 to expand operations. He proposes to use accounts receivable as collateral for the loanand has provided you with the following information from the company’s most recent financialstatements: Requirement1. Analyze the trends of sales, days’ sales outstanding, and cash collections from customersfor 2019 and 2018. Would you make the loan to Blakely? Support your decision with factsand figures. Assume there are no write-offs in 2018 and 2019.

This is a mini-essay assignment (Maximum of 1,000 English words, without the need for citing references). Could you answer this question to help me develop my essay? Hope that you can tell me what should be written in the first paragraph of my essay? What should be written in the second paragraph of my essay? And so on. Provide a real-life example of a long-term external source of finance (debt or equity issue) used by a blue-chip company in the U.S. or Mainland China. A blue-chip company refers to one with a good reputation and successful track record and is therefore of high investment value. It is commonly defined as one of the listed corporations that constitute a leading stock index(es). In this case, the leading stock indexes in the U.S. are the DOW 30 and the S&P500, and the one in Mainland China is the Shanghai Shenzhen CSI 300 Index. In your essay, select one blue-chip company in either the U.S. or Mainland China markets and describe the nature of the financial arrangement…

Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Uptons balance sheet as of December 31, 2019, is shown here (millions of dollars): Sales for 2019 were 350 million, and net income for the year was 10.5 million, so the firms profit margin was 3.0%. Upton paid dividends of 4.2 million to common stockholders, so its payout ratio was 40%. Its tax rate was 25%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2020. a. If sales are projected to increase by 70 million, or 20%, during 2020, use the AFN equation to determine Uptons projected external capital requirements. b. Using the AFN equation, determine Uptons self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ nonspontaneous external funds? c. Use the forecasted financial statement method to forecast Uptons balance sheet for December 31, 2020. Assume that all additional external capital is raised as a line of credit at the end of the year. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Assume Uptons profit margin and dividend payout ratio will be the same in 2020 as they were in 2019. What is the amount of the line of credit reported on the 2020 forecasted balance sheets? (Hint: You dont need to forecast the income statements because the line of credit is taken out on the last day of the year and you are given the projected sales, profit margin, and dividend payout ratio; these figures allow you to calculate the 2020 addition to retained earnings for the balance sheet without actually constructing a full income statement.)

Mohammed LLC is a growing consulting firm. The following transactions take place during the current year. A. On June 10, Mohammed borrows $270,000 from a bank to cover the initial cost of expansion. Terms of the loan are payment due in four months from June 10, and annual interest rate of 5%. B. On July 9, Mohammed borrows an additional $100,000 with payment due in four months from July 9, and an annual interest rate of 12%. C. Mohammed pays their accounts in full on October 10 for the June 10 loan, and on November 9 for the July 9 loan. Record the journal entries to recognize the initial borrowings, and the two payments for Mohammed.

Kampfire, Inc., a very successful manufacturer of camping equipment, is considering going public next month to raise funds to help finance the company’s futuregrowth. The financial manager of Kampfire has approached the investmentbanking firm at which you work seeking help with its decision. Your boss askedyou to explain the nature of the U.S. financial markets and the process of issuingequity to the financial manager. To help with this task, your boss has asked youto answer the following questions in explaining the U.S. financial system to thefinancial manager:a. What is a financial market? How are financial markets differentiated frommarkets for physical assets?b. Differentiate between money markets and capital markets.c. Differentiate between a primary market and a secondary market. If Microsoftdecided to issue additional common stock and an investor purchased 1,000shares of this stock from the underwriter, would this transaction be a primarymarket transaction or a secondary market…

Musharaka with Profits Assume the following:_ A company is importing and selling Mercedes cars. An Islamic bank invests US$8 million for an 80% profit share. An investor invests US$2 million for a 20% profit share. The investor is to be paid a 10% management fee as a percentage of profit after expenses. Assume: Sale proceeds = US$12,400,000 Expenses = US$200,000 Calculate: 1. The total return to the bank: 2. The total return to the investor: please provide an accurate and step by step answer.

based on the income statement and balance sheet of the company, will the company be successful after taking a 500.0 mil dollar loan? or should they sought other forms of financing?

Africa Traders is a business that sells furniture and equipment items to its customers. Africa Traders bought equipment for an amount of R25 000 from SA Dealers, which was financed through a bank overdraft from RAND Bank. Equipment was bought solely for the purpose of being used by Africa Traders. What will be the effect on the accounting equation? Select one: a. LIABILITIES = ASSETS - EQUITY Current: - R25 000 Non-current: - R25 000 R0   b. LIABILITIES = ASSETS - EQUITY R0 Non-current: + R25 000 - R25 000   c. LIABILITIES = ASSETS - EQUITY R0 Non-current:  + R25 000 Current: - R25 000 R0   d. LIABILITIES = ASSETS - EQUITY Current: + R25 000 Non-current: + R25 000 R0