Issue #1 The management team suspects that the company’s income is uneven throughout the year: some months show strong gains; others are very slow. Suggest.

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Presentation transcript:

Issue #1 The management team suspects that the company’s income is uneven throughout the year: some months show strong gains; others are very slow. Suggest tools to track this information. A. Cash Flow Statement B. Balance Sheet (Statement of Financial Position) C. Income Statement (Profit & Loss Statement)

Issue #2 Creditors are calling and wanting payments, but the accounting department says that the company currently doesn’t have enough funds to pay its bills. The accountants claim that this situation may improve soon, but they can’t say for sure. Suggest how they can track this information. A. Cash Flow Statement B. Balance Sheet (Statement of Financial Position) C. Income Statement (Profit & Loss Statement)

Issue #3 Investors are clamoring for information about how the company is doing compared with other companies in the industry. Suggest some tools that ECPak could report to provide this information to investors. A. Cash Flow Statement B. Balance Sheet (Statement of Financial Position) C. Income Statement (Profit & Loss Statement)