Accounting Cash Flow Projection & Income Statement(Assignment-2020).

Toshiro group Inc is a fast growing global conglomerate. He has hired some bright graduates from EU to help him modernise the company. He must close his consolidated accounts for December 2019 and do some planning for 2020 so all this can be presented to the board. You have been recruited as a consultant by the CEO at the head office to help him. You are recent graduate from EU Business School. Your first assignment is to help the various fi- nance heads and provide all details in a report. The CEO, Toshiro is very busy and fully ex- pects you to help him get through this busy period and show your deep insights about finance and accounting.2. Laura a recent EU Geneva graduate is the CFO at a Toshiro fashions Ltd based in Lisbon and is trying to prepare a cash budget for Q1 2021 She is confident of the following information. • She know the Bank balance at 1 January 2020 which is $50,0000 • Each month 70% of sales are for cash and 30% on credit. The funds for credit sales3. Toshiro Tools Ltd sells car parts through an online platform. Mkyta a very bright graduate from EU has been given comparative income statements and balance sheets for the past two years so that he can prepare a cash flow statement. He has also been given following additional information Additional Information The following information regarding the company’s operations in 2019 is available from the company’s accounting records: a. Early in the year the company declared and paid a $4,000 cash dividend. b. During the year marketable securities costing $15,000 were sold for $14,000