Finance > CASE STUDY > Case Solutions/ Notes for COLORADO & UTAH CANYONS TOUR COMPANY by Mark E. Haskins (All)
Ron Hopkins had just finished his first year as founder, president, head mechanic, chief cook, and lead tour guide for the Colorado & Utah Canyon Tours Company (CUCTC). The first year had been a good ... one, and Hopkins thought he probably had made a small profit—after all, he had ended the year with a positive balance in the CUCTC checking account. Among the many roles and tasks he performed at CUCTC, however, accountant/bookkeeper was not one of them. For that task, he calls on his former college roommate, Chris Norris to prepare the financial statements needed for a $300,000 loan application he intended to make at Lofton National Bank next month. Norris plans to organize the CUCTC financial notes and records Hopkins has sent him. [Show More]
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