The Following Is a List of Amounts Taken from the Records

question 4

Essay

The following is a list of amounts taken from the records of Don's Dents,a second-hand car sales yard operating in Taranaki,for the year to 31/12/20X1.
a Prepare a fully classified Cash Flow Statement for the year ending 31 December 20X1.(Note: some items listed are not cash flow items. )
b Comment on Don's cash flows,in regard to operating,investing and financing activities,the ending cash bank balance,and any items you consider are relevant.
c Assume Don's net profit on his Income Statement is $210,000.Compare this with the final net operating cash flow for the business,and suggest reasons for the difference.
d Make 3 recommendations to Don in regard to his cash flows and cash position.

Understand and apply the concept of null hypothesis and significance levels in hypothesis testing.

Comprehend assumptions underlying the use of formulas for effect size in statistical analysis.

Differentiate between the importance of statistical significance and effect size in research analysis.

Identify and explain the elements involved in calculating an independent-means t-test.

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Definitions:

Trade Credit

The credit extended to a buyer by a supplier, allowing the buyer to purchase goods or services and pay for them at a later date.

Trade Creditors

Trade creditors refer to suppliers from whom a business has purchased goods or services on credit, payable within a short period, typically less than one year.

Credit Checks

A review of an individual's or company's financial history, often performed by a lender or financial institution, to assess the risk of lending money or extending credit.

Interest-bearing Asset

A type of investment that earns interest over time, such as savings accounts, certificates of deposit, and bonds.