Discuss cash and cash equivalents. How important arethe items that fall within this category to the successfuloperations of a company?
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Selected information (CAD millions) are presented for two firms ROP and DUL, operating in the same industries:
Net cash provided by operating activities
Net cash provided (used) by investing activities
Net cash provided (used) by financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
i) Compare and discuss the performance / activity the two companies based on the above Cash Flow and Net Income information.
ii) Which company appears to be in a stronger Cash position? Why?
Find an article in a Library that discusses budgeting. What arethe advantages of budgeting or forecasting for a company? Whattypes of decisions can be made with information found within abudget? Give examples. Be sure to cite your sources using properAPA format.
Briefly describe the principal audit work to be performed inrespect of the carrying amount of the following items in thestatement of financial position.
(ii) Cash and cash equivalents