The junior accounting team has assembled a Financing Report that (a) details the criteria Shaun, the owner of SunsTruck, would like you to consider when choosing one of the options, and (b) offers three options for securing the additional funds required to meet the new order
Write a 2–3 page paper according to the following instructions:
Step 1: Financing
The junior accounting team has assembled a Financing Report that (a) details the criteria Shaun, the owner of SunsTruck, would like you to consider when choosing one of the options, and (b) offers three options for securing the additional funds required to meet the new order. Based on this report:
Explain the best financing option available given Shaun’s identified constraints. Support the option with reference to the course material and the Financing Report.
Note: You should complete Steps 2, 3, and 4 below 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 to do next in the accounting cycle. Read the Junior Accountant Email, which is provided in the Week 5 Assignment Resources.
Explain which step in the accounting cycle is best for the junior accountant to complete next. Support the selected step with specific reference to the course material.
Step 3: Financial Statements
A potential investor has been identified, but before they are willing to commit, they have 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. Explain which information the identified financial statement provides that shows an investor what they need to know to make an investment.
Step 4: Financial Analysis
If you were the type of financier selected in Step 1, would you invest in SunsTruck?
Explain whether the type of financier identified in Step 1 should invest in the company based on your analysis of the Financing Report. Also support your answer with references to the readings and course materials.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Develop recommendations for a financing option, next steps in the accounting cycle, and the best financial statement to provide to an investor.
Resources
Download Resources – Finance and Accounting
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