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POL 110 Assignment 2 It May Not Work in Politics - Homework Regency Strayer University

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POL 110 Assignment 2 It May Not Work in Politics
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ACC 499 WK 3 Assignment 1 Amazon.com - Homework Regency Strayer University

ACC 499 WK 3 Assignment 1 Amazon.com - Homework Regency Strayer University | Homeworklance.com | Scoop.it
ACC 499 WK 3 Assignment 1 Amazon.com
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Assignment 1: Amazon.com Business Combinations and Financial Results Analysis
Due Week 3 and worth 240 points
Search the Internet for acquisitions and equity investments made by Amazon.com during the last five (5) years. Review the 10-K of Amazon.com located at http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=AMZN&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany.
Write a three to four (3-4) page paper in which you:
1. Examine how at least three (3) growth strategy alternatives utilized by Amazon.com in the global and domestic retail markets influenced profitability, and indicate if the strategies were successful.
2. Assess the financial value of the acquisitions and investments made by Amazon.com, and the influence of the acquisitions and investments on profitability during the accounting period.
3. Analyze the effect of the equity investments and impairments resulting from the acquisitions and investments by Amazon.com on the financial statements, and indicate whether or not the strategy was a creatable one. Provide support for your rationale.
4. Create an argument that growth in the European market can have a significant impact on current earnings and profit for Amazon.com. Provide support for your rationale.
5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

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GM 545 Entire Course Business Economics - Homework Lance Online Homework Help

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FIN 515 Managerial Finance Entire Course - Homework Lance Online Homework Help

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FIN 515 Managerial Finance Entire Course
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FIN 515 Managerial Finance Entire Course

https://homeworklance.com/downloads/fin-515-managerial-finance-entire-course/

 

FIN 515 Week First Course Project

FIN 515 Week Second Course Project

 

FIN 515 Week 1 Problem Set

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_1_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.

Chapter 1 (page 19)

1. What is the most important difference between a corporation and all other organizational forms?

2. What does the phrase limited liability mean in a corporate context?

3. Which organizational forms give their owners limited liability?

4. What are the main advantages and disadvantages of organizing a firm as a corporation?

5. Explain the difference between an S corporation and a C corporation.

Chapter 2

The following is provided for use in answering the next set of questions. You may also find table 2.5 on page 53 of your text and all questions on pages 56–57.

29. In fiscal year 2011, Starbucks Corporation (SBUX) had revenue of $11.70 billion, gross profit of $6.75 billion, and net income of $1.25 billion. Peet’s Coffee and Tea (PEET) had revenue of $372 million, gross profit of $72.7 million, and net income of $17.8 million.

a. Compare the gross margins for Starbucks and Peet’s.

b. Compare the net profit margins for Starbucks and Peet’s.

c. Which firm was more profitable in 2011?

31. See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.

a. How did Mydeco’s accounts receivable days change over this period?

b. How did Mydeco’s inventory days change over this period?

c. Based on your analysis, has Mydeco improved its management of its working capital during this time period?

32. See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.

a. Compare Mydeco’s accounts payable days in 2009 and 2013.

b. Did this change in accounts payable days improve or worsen Mydeco’s cash position in 2013?

33. See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.

a. By how much did Mydeco increase its debt from 2009 to 2013?

b. What was Mydeco’s EBITDA/Interest coverage ratio in 2009 and 2013? Did its coverage ratio ever fall below 2?

c. Overall, did Mydeco’s ability to meet its interest payments improve or decline over this period?

42. For fiscal year 2011, Starbucks Corporation (SBUX) had total revenues of $11.70 billion, net income of $1.25 billion, total assets of $7.36 billion, and total shareholder’s equity of $4.38 billion.

a. Calculate the Starbucks’ ROE directly, and using the DuPont Identity.

b. Comparing with the data for Peet’s in Problem 41, use the DuPont Identity to understand the difference between the two firms’ ROEs.

FIN 515 Week 1 Quiz

Question 1

(TCO G) Which do you think provides a more valid measure of how a company is doing, comparison of current results with historical results or comparison of current results with the current results of another company?

Question 2

(TCO G) Barnes Corp’s total assets at the end of last year were $415,000,000 and its net income after taxes was $17,750,000. What was its return on total assets?

Question 3

(TCO G) Between December 31, 2016 and December 31, 2017, ROE at Bobcat Industries decreased even though sales increased. Using the DuPont Identity, explain what else could have happened to cause this.

 

FIN 515 Week 2 Problem Set

 

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_2_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.

 

Chapter 4 (pages 132–136):

 

3. Calculate the future value of $2000 in

a. five years at an interest rate of 5% per year;

b. ten years at an interest rate of 5% per year; and

c. five years at an interest rate of 10% per year.

d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?

4. What is the present value of $10,000 received

a. twelve years from today when the interest rate is 4% per year;

b. twenty years from today when the interest rate is 8% per year; and

c. six years from today when the interest rate is 2% per year?

5. Your brother has offered to give you either $5,000 today or $10,000 in 10 years. If the interest rate is 7% per year, which option is preferable?

6. Consider the following alternatives.

i. $100 received in 1 year

ii. $200 received in 5 years

iii. $300 received in 10 years

a. Rank the alternatives from most valuable to least valuable if the interest rate is 10% per year.

b. What is your ranking if the interest rate is only 5% per year?

c. What is your ranking if the interest rate is 20% per year?

8. Your daughter is currently 8 years old. You anticipate that she will be going to college in 10 years. You would like to have $100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3% per year, how much money do you need to put into the account today to ensure that you will have $100,000 in 10 years?

9. You are thinking of retiring. Your retirement plan will pay you either $250,000 immediately on retirement or $350,000 5 years after the date of your retirement. Which alternative should you choose if the interest rate is

a. 0% per year;

b. 8% per year; and

c. 20% per year?

14. You have been offered a unique investment opportunity. If you invest $10,000 today, you will receive $500 1 year from now, $1,500 2 years from now, and $10,000 10 years from now. a. What is the NPV of the opportunity if the interest rate is 6% per year? Should you take the opportunity? b. What is the NPV of the opportunity if the interest rate is 2% per year? Should you take it now?

36. You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 7% per year. What will your annual payment be if you sign up for this mortgage?

37. You would like to buy the house and take the mortgage described in Problem 36. You can afford to pay only $23,500 per year. The bank agrees to allow you to pay this amount each year, yet still borrow $300,000. At the end of the mortgage (in 30 years), you must make a balloon payment; that is, you must repay the remaining balance on the mortgage. How much will this balloon payment be?

38. You have just made an offer on a new home and are seeking a mortgage. You need to borrow $600,000. a. The bank offers a 30-year mortgage with fixed monthly payments and an interest rate of 0.5% per month. What is the amount of your monthly payment if you take this loan? b. Alternatively, you can get a 15-year mortgage with fixed monthly payments and an interest rate of 0.4% per month. How much would your monthly payments be if you take this loan instead?

*A.1. This problem is from the Appendix to Chapter 4. Your grandmother bought an annuity from Rock Solid Life Insurance Company for $200,000 when she retired. In exchange for the $200,000, Rock Solid will pay her $25,000 per year until she dies. The interest rate is 5%. How long must she live after the day she retired to come out ahead (that is, to get more in value than what she paid in)?

 

FIN 515 Week 2 Quiz

 

Question 1

(TCO B) You are a trust fund baby. Your trust fund is currently worth $1,234,000. The problem is the terms of the trust don’t allow you to receive any of the money until you are 27. You are now 21. The fund is earning 7.7% per year. How much will the fund be worth when you are 27 and too old to enjoy it?
Ignore taxes. Show your work. If you use Excel, show the formula with the parameters, and the answer. If you use a formula, provide the standard formula, the formula with terms substituted, and the answer. If you use a calculator, show the inputs and the answer.

Question 2

(TCO B) You have a student loan of $75,000. The interest rate is 8.6% per year. You have been out of school for 6 months and are ready to start making payments. You want to use the maximum allowed of 10 years to pay off the loan by making equal monthly payments. How much are the monthly payments?
Ignore taxes. Show your work. If you use Excel, show the formula with the parameters, and the answer. If you use a formula, provide the standard formula, the formula with terms substituted, and the answer. If you use a calculator, show the inputs and the answer.

Question 3

(TCO B) You want to have $1,000,000 in 30 years. You already have $50,000. You think you can get a 7% annual return on your money. How much per year will you have to save to get to $1,000,000?
Ignore taxes. Show your work. If you use Excel, show the formula with the parameters, and the answer. If you use a formula, provide the standard formula, the formula with terms substituted, and the answer. If you use a calculator, show the inputs and the answer.

 

FIN 515 Week 3 Problem Set

 

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_3_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.

 

Chapter 7 (pages 225–228):

 

1. Your brother wants to borrow $10,000 from you. He has offered to pay you back $12,000 in a year. If the cost of capital of this investment opportunity is 10%, what is its NPV? Should you undertake the investment opportunity? Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged.

8. You are considering an investment in a clothes distributor. The company needs $100,000 today and expects to repay you $120,000 in a year from now. What is the IRR of this investment opportunity? Given the riskiness of the investment opportunity, your cost of capital is 20%. What does the IRR rule say about whether you should invest?

19. You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $5,000 and will be posted for one year. You expect that it will generate additional revenue of $500 per month. What is the payback period?

21. You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $10 million. Investment A will generate $2 million per year (starting at the end of the first year) in perpetuity. Investment B will generate $1.5 million at the end of the first year and its revenues will grow at 2% per year for every year after that.

a. Which investment has the higher IRR?b. Which investment has the higher NPV when the cost of capital is 7%?c. In this case, for what values of the cost of capital does picking the higher IRR give the correct answer as to which investment is the best opportunity?

Chapter 8 (260–262)

 

1. Pisa Pizza, a seller of frozen pizza, is considering introducing a healthier version of its pizza that will be low in cholesterol and contain no trans fats. The firm expects that sales of the new pizza will be $20 million per year. While many of these sales will be to new customers, Pisa Pizza estimates that 40% will come from customers who switch to the new, healthier pizza instead of buying the original version.

a. Assume customers will spend the same amount on either version. What level of incremental sales is associated with introducing the new pizza?

b. Suppose that 50% of the customers who will switch from Pisa Pizza’s original pizza to its healthier pizza will switch to another brand if Pisa Pizza does not introduce a healthier pizza. What level of incremental sales is associated with introducing the new pizza in this case?

6. Cellular Access, Inc. is a cellular telephone service provider that reported net income of $250 million for the most recent fiscal year. The firm had depreciation expenses of $100 million, capital expenditures of $200 million, and no interest expenses. Working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.

12. A bicycle manufacturer currently produces 300,000 units a year and expects output levels to remain steady in the future. It buys chains from an outside supplier at a price of $2 a chain. The plant manager believes that it would be cheaper to make these chains rather than buy them. Direct in-house production costs are estimated to be only $1.50 per chain. The necessary machinery would cost $250,000 and would be obsolete after 10 years. This investment could be depreciated to zero for tax purposes using a 10-year straight-line depreciation schedule. The plant manager estimates that the operation would require $50,000 of inventory and other working capital upfront (year 0), but argues that this sum can be ignored because it is recoverable at the end of the 10 years. Expected proceeds from scrapping the machinery after 10 years are $20,000.

If the company pays tax at a rate of 35% and the opportunity cost of capital is 15%, what is the net present value of the decision to produce the chains in-house instead of purchasing them from the supplier?

 

Week 4 Problem Set

 

Bonds-1. Interest on a certain issue of bonds is paid annually with a coupon rate of 8%. The bonds have a par value of $1,000. The yield to maturity is 9%. What is the current market piece of these bonds? The bonds will mature in 5 years.

Bonds-2. A certain bond has 12 years left to maturity. Interest is paid annually at a coupon rate of 10%. The bonds are currently selling for $850. What is their YTM?

Bonds-3.  A certain bond pays a semiannual coupon rate at a 10% annual rate. The bond has a par value of $1,000. There are eight years to maturity. The yield to maturity is 9%. What is the current price of the bond?

Bonds-4. A particular corporate bond has a par value of $1,000. Coupon payments are $40 and are paid twice a year. Seven years are left on the life of the bond.The YTM is 9%. What is the price of the bond?

Bond-5. A given bond has 5 years to maturity. It has a face value of $1,000. It has a YTM of 5% and the coupons are paid semiannually at a 10% annual rate. What does the bond currently sell for?

Bond-6. A given bond has five years left to maturity. Interest is paid annually and the annual coupon rate is 9%. The par value of the bond is $1,000. The bond currently sells for $1,000. What is the yield to maturity?

9-1.Assume Evco, Inc., has a current price of $50 and will pay a $2 dividend in 1 year, and its equity cost of capital is 15%. What price must you expect it to sell for right after paying the dividend in 1 year in order to justify its current price?

9-5.NoGrowth Corporation currently pays a dividend of $2 per year, and it will continue to pay this dividend forever. What is the price per share if its equity cost of capital is 15% per year?

9-6.Summit Systems will pay a dividend of $1.50 this year. If you expect Summit’s dividend to grow by 6% per year, what is its price per share if its equity cost of capital is 11%?

9-7. Dorpac Corporation has a dividend yield of 1.5%. Dorpac’s equity cost of capital is 8%, and its dividends are expected to grow at a constant rate. a. What is the expected growth rate of Dorpac’s dividends? b. What is the expected growth rate of Dorpac’s share price?

9-12.Procter & Gamble will pay an annual dividend of $0.65 1 year from now. Analysts expect this dividend to grow at 12% per year thereafter until the fifth year. After then, growth will level off at 2% per year. According to the dividend-discount model, what is the value of a share of Procter & Gamble stock if the firm’s equity cost of capital is 8%?

 

FIN 515 Week 4 Midterm

 

1. (TCO G) The firm’s asset turnover measures

2. (TCO G) Suppose Novak Company experienced a reduction in its ROE over the last year. This fall could be attributed to

3. (TCO B) You plan on retiring in 20 years. You currently have $275,000 and think you will need $1,000,000 to retire. Assuming you don’t deposit any additional money into the account, what annual return will you need to earn to meet this goal?

4. (TCO B) You take out a 4 year car loan for $18,000. The loan has a 4% annual interest rate. The payments are made monthly. What are the monthly payments? Show your work

5. (TCO B) You currently have $10,000 in your retirement account. If you deposit $500 per month and the account pays 5% interest, how much will be in the account in 10 years? Show your work.

6. (TCO B) You have a two children, A and B. Child A is not going to college but is working in a business to learn the ropes. Child A plans on opening a business someday. Child B is attending college. You put a certain amount of money into an account. From this account, Child B will receive $2,000 per month for the next four years. Whatever is left at that time will go to Child A to help start the business. You want Child A to receive $96,000 at that time. The account pays 7% annually, compounded monthly. How much money do you need to start the account? Show your work.

7. (TCO F) A project requires an initial cash outlay of $95,000 and has expected cash inflows of $20,000 annually for 9 years. The cost of capital is 10%. What is the project’s NPV? Show your work.

8. (TCO F) A project requires an initial cash outlay of $60,000 and has expected cash inflows of $15,000 annually for 8 years. The cost of capital is 10%. What is the project’s payback period? Show your work.

9. (TCO F) A project requires an initial cash outlay of $95,000 and has expected cash inflows of $20,000 annually for 9 years. The cost of capital is 10%. What is the project’s IRR? Show your work.

10. (TCO F) A project requires an initial cash outlay of $40,000 and has expected cash inflows of $12,000 annually for 7 years. The cost of capital is 10%. What is the project’s discounted payback period? Show your work.

11. (TCO F) Company A has the opportunity to do any, none, or all of the projects for which the net cash flows per year are shown below. The projects are not mutually exclusive. The company has a cost of capital of 15%. Which should the company do and why? You must use at least two capital budgeting methods. Show your work. Explain your answer thoroughly.

 

FIN 515 Week 5 Problem Set

 

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_5_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.

 

Chapter 10 (pages 345–348)

 

4. You bought a stock one year ago for $50 per share and sold it today for $55 per share. It paid a $1 per share dividend today.

a. What was your realized return?

b. How much of the return came from dividend yield and how much came from capital gain?

20. Consider two local banks. Bank A has 100 loans outstanding, each for $1 million, that it expects will be repaid today. Each loan has a 5% probability of default, in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $100 million outstanding, which it also expects will be repaid today. It also has a 5% probability of not being repaid. Explain the difference between the type of risk each bank faces. Which bank faces less risk? Why?

22. Consider the following two, completely separate, economies. The expected return and volatility of all stocks in both economies is the same. In the first economy, all stocks move together—in good times all prices rise together and in bad times they all fall together. In the second economy, stock returns are independent—one stock increasing in price has no effect on the prices of other stocks. Assuming you are risk-averse and you could choose one of the two economies in which to invest, which one would you choose? Explain.

30. What does the beta of a stock measure?

35. Suppose the market risk premium is 5% and the risk-free interest rate is 4%. Using the data in Table 10.6 (also shown above), calculate the expected return of investing in

a. Starbucks’ stock.

b. Hershey’s stock.

c. Autodesk’s stock.

 

Chapter 11 (pages 390–396):

 

2. You own three stocks: 600 shares of Apple Computer, 10,000 shares of Cisco Systems, and 5,000 shares of Colgate-Palmolive. The current share prices and expected returns of Apple, Cisco, and Colgate-Palmolive are, respectively, $500, $20, $100 and 12%, 10%, 8%.

a. What are the portfolio weights of the three stocks in your portfolio?

b. What is the expected return of your portfolio?

c. Suppose the price of Apple stock goes up by $25, Cisco rises by $5, and Colgate-Palmolive falls by $13. What are the new portfolio weights?

d. Assuming the stocks’ expected returns remain the same, what is the expected return of the portfolio at the new prices?

50. Suppose Autodesk stock has a beta of 2.16, whereas Costco stock has a beta of 0.69. If the risk-free interest rate is 4% and the expected return of the market portfolio is 10%, what is the expected return of a portfolio that consists of 60% Autodesk stock and 40% Costco stock, according to the CAPM?

 

Chapter 12 (page 431):

 

26. Unida Systems has 40 million shares outstanding trading for $10 per share. In addition, Unida has $100 million in outstanding debt. Suppose Unida’s equity cost of capital is 15%, its debt cost of capital is 8%, and the corporate tax rate is 40%.

a. What is Unida’s unlevered cost of capital?b. What is Unida’s after-tax debt cost of capital?c. What is Unida’s weighted average cost of capital?

27. You would like to estimate the weighted average cost of capital for a new airline business. Based on its industry asset beta, you have already estimated an unlevered cost of capital for the firm of 9%. However, the new business will be 25% debt financed, and you anticipate its debt cost of capital will be 6%. If its corporate tax rate is 40%, what is your estimate of its WACC?

 

FIN 515 Week 6 Problem Set

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_6_Problem_Set.docx (where flastname is your first initial and your last name), and submit it to the appropriate Dropbox.

Chapter 29 (pages 983-984):

1. What inherent characteristic of corporations creates the need for a system of checks on manager behavior?

2. What are some examples of agency problems?

3. What are the advantages and disadvantages of the corporate organizational structure?

4. What is the role of the board of directors in corporate governance?

Second Project

The purpose of this project is for you to have some practice working with financial concepts in the real world.  This will involve integrating some material from throughout the course.  The project will also involve the development of your own approach to doing the work.  The project does not provide a step-by-step procedure for you to follow.

Your task is to determine the WACC for a given firm using what you know about WACC as well as data you can find through research. Your deliverable is to be a brief report in which you state your determination of WACC, describe and justify how you determined the number, and provide relevant information as to the sources of your data.

With the help of your professor, you have selected a company for which to research and find the WACC. Your research is to be independent from any information you may find at thatswacc.com or similar sites although you might want to use such sites to provide a reasonableness check on the WACC you calculate.

Assumptions

As you recall, the formula for WACC is

rWACC = (E/E+D) rE + D/(E+D) rD (1-TC)

The formula for the required return on a given equity investment is

ri= rf + βi * (RMkt-rf)

RMkt-rf is the Market Risk Premium. For this project, you may assume the Market Risk Premium is 4% unless you can develop a better number.

rf is the risk free rate. The YTM on 10 year US Treasury securities is a good approximation.

You may assume a corporate tax rate of 40%.

One good source for financial data for companies as well as data about their equity is http://finance.yahoo.com.  By looking around this site, you should be able to find the market capitalization (E) as well as the β for any publicly traded company.

There are not many places left where data about corporate bonds is still available. One of them is http://finra-markets.morningstar.com/BondCenter.  To find data for a particular company’s bonds, find the Quick Search feature, then be sure to specify corporate bonds and type in the name of the issuing company. This should give you a list of all of the company’s outstanding bond issues. Clicking on the symbol for a given bond issue will lead you to the current amount outstanding and the yield to maturity. You are interested in both. The total of all bonds outstanding is D in the above formula.

If you like, you can use the YTM on a bond issue that is not callable as the pre-tax cost of debt for the company.

Deliverable

Write a two or three page report that contains the following elements:

1.     Your calculated WACC.2.     How data was used to calculate WACC. This would be the formula and the formula with your values substituted.3.     Sources for your data.4.     A discussion of how much confidence you have in your answer. What were the limiting assumptions that you made, if any.

 

FIN 515 Week 6 Quiz

Question :

You work for Athens Inc. and you must estimate the Year 1 operating cash flow for a project with the following data. What is the Year 1 operating cash flow?

Question :

Which of the following is not a cash flow and thus should not be reflected in the analysis of a capital budgeting project?

 

Question :

Which of the following is not a key element in strategic planning as it is described in the text?

 

Question :

Which of the following assumptions is embodied in the AFN formula forecasting method?

 

5. Question :          

How is the capital intensity ratio generally defined?

 

 

FIN 515 Week 7 Problem Set

 

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_7_Problem_Set.docx (where flastname is your first initial and your last name), and submit it to the appropriate Dropbox.

Chapter 26 (page 903):

1. Answer the following questions:

a. What is the difference between a firm’s cash cycle and its operating cycle?

b. How will a firm’s cash cycle be affected if a firm increases its inventory, all else being equal?

c. How will a firm’s cash cycle be affected if a firm begins to take the discounts offered by its suppliers, all else being equal?

4. The Greek Connection had sales of $32 million in 2012, and a cost of goods sold of $20 million. A simplified balance sheet for the firm appears below:

a. Calculate The Greek Connection’s net working capital in 2012.

b. Calculate the cash conversion cycle of The Greek Connection in 2012.

c. The industry average accounts receivable days is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2012 if it had matched the industry average for accounts receivable days?

5. Assume the credit terms offered to your firm by your suppliers are 3/5, Net 30. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30.

Chapter 27 (page 925):

1. Which of the following companies are likely to have high short-term financing needs? Why?

a. A clothing retailer

b. A professional sports team

c. An electric utility

d. A company that operates toll roads

e. A restaurant chain

2. Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The following table contains financial forecasts as well as current (month 0) working capital levels. During which months are the firm’s seasonal working capital needs the greatest? When does it have surplus cash?

 

FIN 515 Final Exam

(TCO A) In the United States, the most common type of business by number of businesses is the _____. (Points : 5)(TCO A) Sole proprietorships have all of the following advantages except (Points : 5)(TCO B) Which of the following would cause the future value of an annuity to decrease? (Points : 5)(TCO B) Which of the following is an annuity due? (Points : 5)(TCO G) What are the names of the four components of the DuPont Identity and how are they calculated? What does each measure? (Points : 20)(TCO D) A stock pays an annual dividend of $2.50 and that dividend is not expected to change. Similar stocks pay a return of 10%. What is P0? (Points : 20)(TCO D) A stock has just declared an annual dividend of $2.25 to be paid one year from today. The dividend is expected to grow at a 7% annual rate. The return on equity for similar stocks is 12%. What is P0? (Points : 20)(TCO D) A particular bond has 8 years to maturity. It has a face value of $1,000. It has a YTM of 7% and the coupons are paid semiannually at a 10% annual rate. What does the bond currently sell for? (Points : 10)(TCO D) A bond currently sells for $1,000 and has a par of $1,000. It was issued two years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semiannually. What is its YTM? (Points : 10)(TCO D) Using examples, explain the difference between systematic risk and nonsystematic risk. Explain why the distinction is important for both investors and issuers of stock.(Points : 30)(TCO E) A company has 10 million shares outstanding trading for $7 per share. It also has $300 million in outstanding debt. If its equity cost of capital is 15%, and its debt cost of capital is 9%, and its effective corporate tax rate is 40%, what is its weighted average cost of capital? (Points : 30)(TCO A) Relate how the job of the financial manager can be explained using the balance sheet. (Points : 25)(TCO H) Other things being equal, would a firm prefer a longer or shorter Cash Conversion Cycle? What are some examples of ways a firm could attain this? (Points : 30)(TCO F) A company has the opportunity to do any of the projects for which the net cash flows per year are shown below. The company has a cost of capital of 12%. Which should the company do and why? You must use at least two capital budgeting methods. Show your work

 

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(TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting?

 

(TCOs A and B) Funds other than the General Fund are required to be considered to be a major fund when

 

(TCOs A and B) Which of the following is most correct with regard to Management’s Discussion and Analysis?

 

(TCOs B and C) Governmental Fund Balance is required to be displayed in which of the categories?

 

(TCOs B and C) The proper journal entry to record an encumbrance would include which of the following?

 

(TCOs B and C)) Capital assets that are used by an enterprise fund should be accounted for in the following fund?

 

(TCO E) King City receives a trust donation for the purpose of maintaining flower in city parks, but the donor does not make a specification as to how the principal must be maintained. This type of trust should be appropriately accounted for which of the following fund?

 

(TCO E) Which fund type is the interest on Long Term Debt typically not accrued; however, it is recognized as an expenditure in the year in which interest is legally due?

 

(TCO E) Which of the following funds or activities general journals would it be inappropriate to record depreciation of capital assets?

 

(TCO D) Under GASB Statement No. 33, when would a special revenue fund be considered to have satisfied the eligibility requirement of a reimbursement type federal grant?

 

(TCO E) You are in a staff meeting with the city controller and one of your colleagues was quoted as follows: “Capital projects funds are established by a government to account for all plant or equipment acquired by construction.” Do you agree with this statement? Why or why not?

 

(TCOs A and B) What are fiduciary funds? Please identify and explain the two main types and what is the main difference between the funds?

 

(TCO D) The City of Norton received a gift of $3,500,000 from a group of local residents on April 1, 2012 and signed an agreement that the funds would be invested on a permanent basis and the income would be used to purchase artifacts for the city museum. The following transactions took place during the fiscal year ended Dec 31, 2012.

a. The gift was recorded on the books on April 1.
b. On April 1, 2012, the Calvin Co. bonds were purchased in the amount of $3,000,000, at par. The bonds carry an annual interest rate of 5 percent, payable semiannually on October 1 and April 1. The city also purchased a certificate with a face value of $250,000 pays interest of 4 percent on semiannually on October 1 and April 1.
c. On October 1, the semiannual interest was received on the bonds and certificate of deposit.
d. From October 1 through December 1, payments were made totaling $85,000 to purchase artifacts for the city museum.
e. On December 31, an accrual was made for interest for the bonds and the certificate of deposit.
f. After a review of the bond market on December 31, 2012, the bonds had a market value of $2,979,000, exclusive of accrued interest.
g. The books were closed on December 31.

Required
a. Record the transactions on the books for Calvin Co. Museum Endowment Fund.
b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Calvin Co. Museum Endowment Fund for the year ended December 31, 2012.
c. Prepare the Balance Sheet for the Calvin Co. Museum Endowment Fund for the year ended December 31, 2012.

 

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1. (TCO C) Silver City, Inc., has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control.

Actual Costs Incurred

Static Budget

Activity level (in units)

5,250

5,178

Variable Costs:

Indirect materials

$24,182

$23,476

Utilities

$22,356

$22,674

Fixed Costs:

Administration

$63,450

$65,500

Rent

$65,317

$63,904

2. (TCO D) Globe Co. manufactures automatic door openers. The company uses 15,000 electronic hinges per year as a component in the assembly of the openers. You have been engaged by Globe to assist with an evaluation of whether the company should continue producing the hinges or purchase them from an outside vendor.

The Accounting Department  provided the following detail regarding the annual cost to produce electronic hinges:

Direct materials

$54,000

Direct labor

60,000

Variable manufacturing overhead

36,000

Fixed manufacturing overhead

90,000

Total costs

$240,000

The Procurement Department provided the following supplier pricing:

Supplier A price per hinge

$11.00

Supplier B price per hinge

$10.75

Supplier C price per hinge

$10.50

The supplier pricing was obtained in response to a formal request for proposal (RFP). Procurement has determined these suppliers meet Globe’s technical specifications and quality requirements.

If Globe stops producing the part internally, 10% of the fixed manufacturing overhead would be eliminated.

Required: Prepare a make-or-buy analysis showing the annual advantage or disadvantage (in dollars) of accepting an outside supplier’s offer.  Should the company buy the parts?  If so, from which supplier?

3. (TCO E) Mesa Company produces a single product. Operating data for the company and its absorption costing income statement for the last year are presented below:

Units in beginning inventory

2,000

Units produced

9,000

Units sold

10,000

Sales

$100,000

Less cost of goods sold:

Beginning inventory

12,000

Add cost of goods manufactured

54,000

Goods available for sale

66,000

Less ending inventory

6,000

Cost of goods sold

60,000

Gross margin

40,000

Less selling and admin. expenses

28,000

Net operating income

$12,000

Variable manufacturing costs are $4 per unit. Fixed factory overhead totals $18,000 for the year. This overhead was applied at a rate of $2 per unit. Variable selling and administrative expenses were $1 per unit sold.

Required: Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.

4. (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of the White Sands Corporation for the just-completed year.

Sales

1,150

Raw materials inventory, beginning

15

Raw materials inventory, ending

40

Purchases of raw materials

150

Direct labor

250

Manufacturing overhead

300

Administrative expenses

500

Selling expenses

300

Work in process inventory, beginning

100

Work in process inventory, ending

150

Finished goods inventory, beginning

80

Finished goods inventory, ending

120

Use the above data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated?

1. (TCO F) Farmington Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below.

Work in process, beginning:

Units in beginning work-in-process inventory

400

Materials costs

$6,900

Conversion costs

$2,500

Percentage complete for materials

80%

Percentage complete for conversion

15%

Units started into production during the month

6,000

Units transferred to the next department during the month

5,000

Materials costs added during the month

$112,500

Conversion costs added during the month

$210,300

Ending work in process:

Units in ending work-in-process inventory

1,200

Percentage complete for materials

60%

Percentage complete for conversion

30%

Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department.

2.

(TCO G) – (Ignore income taxes in this problem.) Tennessee Co. is considering the production of an exterior paint that will require the purchase of new mixing machinery. The machinery will cost $700,000, is expected to have a useful life of 12 years, and is expected to have a salvage value of $100,000 at the end of 12 years. The machinery will also need a $40,000 overhaul at the end of Year 7. A $50,000 increase in working capital will be needed for this investment project. The working capital will be released at the end of the 12 years. The new paint is expected to generate net cash inflows of $120,000 per year for each of the 12 years. Tennessee’s discount rate is 14%.

Required:

a.  What is the net present value of this investment opportunity?

b.  Based on your answer to (a) above, should Tennessee go ahead with the new paint?

3. (TCO B) Winslow Corporation produces and sells a single product. Data concerning that product appear below.

Selling price per unit

$130.00

Variable expense per unit

$27.30

Fixed expense per month

$165,3

Required:

a) Determine the monthly break-even in unit sales. Show your work!

b) Determine the monthly break-even in dollar sales.  Show your work!

1. (TCO F) Manchester, Inc. bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below.

Estimated machine hours

85,000

Estimated variable manufacturing overhead

$5.55 per machine hour

Estimated total fixed manufacturing overhead

$951,888

Required:

Compute the company’s predetermined overhead rate.

2. (TCO F) Memphis Corporation is preparing its cash budget for February. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $136,000 and budgeted cash disbursements total $128,000. The desired ending cash balance is $50,000. The company can borrow up to $110,000 at any time from a local bank, with interest not due until the following month.

Required:

Prepare the company’s cash budget for February in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

 

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ACCT 504 Week 1 ,  An Overview of Financial Statements and the Environment of Financial Reporting

 

What is GAAP?  What is the purpose of GAAP?

What is the purpose of a Balance Sheet? What information does it provide?

 

 

ACCT 504 Week 2, The Accounting Information System and Accrual Accounting Concepts

 

What is the role of the accounting equation in the analysis of business transactions?

 

ACCT 504 Week 3, Merchandising Operations and Inventory – Discussions Questions

 

ACCT 504 Week 3, Case Study 1 Flower Landscaping Corporation – Discussions Questions
ACCT 504 Week 4, Internal Control, Cash and Receivables – Discussion Questions

ACCT 504 Week 4, Midterm Quiz
ACCT 504 Week 5: Long-Lived Assets and Liabilities, and Time Value of Money

 

ACCT 504 Week 5, Case Study 2 Internal Control – LJB Company

ACCT 504 Week 6, Stockholders’ Equity and Statement of Cash Flows

ACCT 504 Week 6 Case Study 3 – Cash Budgeting – LBJ Company
ACCT 504 Week 7, Financial Analysis: The Big Picture

 

ACCT 504 Week 7 Course Project Financial Statement Analysis Project — A Comparative Analysis of Kohl’s Corporation and J.C. Penney Corporation

 

 

Earning per share

Current ratio

Gross Profit Ratio

Profit margin ratio

Inventory Turnover

Days in Inventory

Receivable Turnover Ratio

Average Collection Period

Assets Turnover Ratio

Return on Assets Ratio

Debt to Total Assets Ratio

Times Interest Earned Ratio

Payout ratio

Return on Common Stockholders’ Equity

Free cash flow Current

cash debt coverage ratio

Price -Earnings ratio

 

 

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(TCO 1) To evaluate the financial operation and health of a business ratio analysis is used. (1) Provide the formula for the Acid-test (or Quick) Ratio and explain how it is computed (10 points) and (2) provide an example of how this ratio can be used in decision-making in business.

 

 

(TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Supplies Expense in the form of a journal entry

 

 

(TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how to construct an Unadjusted Trial Balance (10 points) and (2) provide an example of the application of the debit/credit rules in the development of the trial balance.

 

 

(TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented.

 

 

(TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Gross Profit.

 

 

. (TCO 6) BagODonuts Company bought a used delivery truck on January 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000 miles).  BagODonuts’ accountant estimated that the truck’s residual value would be $2,400 at the end of its useful life.  The truck traveled 8,000 miles the first year, 8,500 miles the second year, 5,500 miles the third year, and 8,000 miles in the fourth year.

1. Calculate depreciation expense for the truck for each year (2010-2013) using the:
a. Straight-line method.
b. Double-declining balance method.
c. Units of Production method.
(For units-of-production and double-declining balance, round to the nearest two decimals after each step of the calculation.)
2. Which method best tracks the wear and tear on the van?
3. Which method would BagODonuts prefer to use for income tax purposes?  Explain in detail why BagODonuts prefers this method.

 

 

(TCO 7) ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized the following capital stock:
Preferred Stock: 7%, par value $100 per share, 100,000 shares.
Common Stock: $1 par value, 500,000 shares.

The following transactions occurred during the year:

1/19/12 – Issued 100,000 shares of common stock for $17 cash per share.
1/31/12 – Issued 3,000 shares of preferred stock for $115 cash per share.
11/1/12 – Repurchased 30,000 shares of common stock for $22 cash per share.
12/1/12 – Declared and paid a total dividend of $95,000.

Required:
1. Prepare the journal entry for each transaction listed above.
2. In your own words, explain the main differences between common and preferred stock.
(Points : 25)

 

 

(TCO 5) Fraud is an intentional misrepresentation of facts, made for the purpose of persuading another party to act in a way that causes injury or damage to that party.  In our readings and discussions we have seen several examples of fraud in business.  Using that experience (1) provide an example of a common fraudulent practice in business with an explanation of how the practice works and (2) name and describe each of the elements of the Fraud Triangle.

 

 

(TCO 5) Internal Control Procedures are in place to protect the assets of every business as mentioned in the textbook and our discussions.  Of the seven internal control procedures, list five of these controls and describe how each procedure is implemented. (5 points each with 2 points for listing and 3 points for a description)

 

 

(TCO 2) Below are the accounts of Super Pool Service, Inc. The accounts have normal balances on June 30, 2012. The accounts are listed in no particular order.

Account                              Balance
Common stock                    $5,100
Accounts payable                $4,400
Service revenue                   $17,100
Land                                  $28,800
Note payable                       $9,500
Cash                                  $5,200
Dividends                            $6,100
Utilities expense                  $2,100
Accounts receivable             $10,600
Delivery expense                 $700
Retained earnings                $25,600
Salary expense                    $8,200

Prepare the company’s trial balance as of June 30, 2012, listing accounts in proper sequence, as illustrated in the chapter. For example, Accounts Receivable comes before Land. List the expense with the largest balance first, the expense with the next largest balance second, and so on.

 

(TCO4) Linda’s Lampshades started business on Jan. 1, 2001. They had the following inventory transactions:

Journals – Jan. 2001

Purchases

Supplier         Date Received         Quantity        Unit Cost       Amount

Donna           01/10/01                110              12.00            1320.00

Thomas         01/15/01                160              14.00             2240.00

Cindy            01/18/01                150              15.00            2250.00

Sales

Customer      Date shipped    Quantity      Sel. Price                Amount

Norilene        01/16/01         200                  25.00                   5000.00

1.    Calculate the ending inventory, using the perpetual inventory method:

A.     Using FIFO

B.     Using LIFO

C.     Using Average Cost

2.    Prepare the following statement

Using

FIFO    LIFO        Average Cost

Sales

Cost of Sales

Gross Profit

(Points : 25)

 

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ACC 499 Assignment 3 Capstone Research Project - Homework Regency Strayer University

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ACC 499 Assignment 3 Capstone Research Project
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Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company.  Assume also that the initial public offering (IPO) of the company was approximately five (5) years ago and the company is concerned that, in less than five (5) years after the IPO, a restatement may be necessary. During your initial evaluation of the client, you discover the following information:

The client is currently undergoing a three (3) year income tax examination by the Internal Revenue Service (IRS). A significant issue involved in the IRS audit encompasses inventory write-downs on the tax returns that are not included in the financial statements. Because of the concealment of the transaction, the IRS is labeling the treatment of the write-down as fraud.

The company has a share-based compensation plan for top-level executives consisting of stock options. The value of the options exercised during the year was not expensed or disclosed in the financial statements.

The company has several operating and capital leases in place, and the CFO is considering leasing a substantial portion of the assets for future use. The current leases in place are arranged using special purpose entities (SPEs) and operating leases.

The company seeks to acquire a global partner, which will require IFRS reporting.

The company received correspondence from the Securities and Exchange Commission (SEC) requesting additional supplemental information regarding the financial statements submitted with the IPO.

 

Write an eight to ten (8-10) page paper in which you:

Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements. Prepare a recommendation to the CFO, evaluating the negative impact of a civil fraud penalty on the corporation as a result of the IRS audit. In the recommendation, include essential internal control procedures to prevent fraudulent financial reporting from occurring, as well as the major obligation of the CEO and CFO to ensure compliance.

Examine the negative results on stakeholders and the financial statements of an IRS audit which generates additional tax and penalties or subsequent audits. Assume that the subsequent audit and / or additional tax and penalties result from the taxpayer’s use of an inventory reserve account, applying a 10 percent reduction to inventory over three (3) years.

Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the write-down.

Research the current generally accepted accounting principles (GAAP) regarding stock option accounting. Evaluate the current treatment of the company’s share-based compensation plan based on GAAP reporting. Contrast the financial benefits and risks of the share-based compensation stock option plan with the financial benefits and risks of a share-based stock-appreciation rights plan (SARS). Recommend to the CFO which plan the company should use, and provide the correct accounting treatment for each.

Research the reporting requirements for lease reporting under GAAP and International Financial Reporting Standards (IFRS). Based on your research, create a proposal for future lease transactions to the CFO. Within the proposal, discuss the use of off-the-balance sheet financing arrangements, capital leases, and operating leases, and indicate the related business and financial risks of each.

Create an argument for or against a single set of international accounting standards related to lease accounting based on the global market and cross border leases of assets. Examine the benefits and risks of your chosen position.

 

Examine the major implications of SAS 99 based on the factors you discovered during the initial evaluation of the company. Provide support for your rationale.

Analyze the potential for a material misstatement in the financial statements based on the issues identified in your initial evaluation. Make a recommendation to the CFO for the issuance of        restated financial statement restatement. Identify at least three (3) significant issues that can result from the failure to issue restated financial statements.

Examine the economic effect of restatement of the financial statements on investors, employees, customers, and creditors.

Use five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

 

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

 

The specific course learning outcomes associated with this assignment are:

Analyze accounting situations to apply the proper accounting rules and make recommendations to ensure compliance with generally accepted accounting principles.

Analyze business situations to determine the appropriateness of decision making in terms of professional standards and ethics

Use technology and information resources to research issues in accounting.

Analyze business situations and apply advanced federal taxation concepts.

Write clearly and concisely about accounting using proper writing mechanics.

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NTC 324 Entire Course ( Week 1-5 ) Complete Course

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NTC 324 Week 1 Individual Assignment 

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Choose the best answer for each question in the “Best Answer” at the end of these chapters, and write a few sentences for each question to justify your choice. Note that just choosing the letter for your best answer only will not earn you full credit for this assignment.

Ch. 1, “Installing Servers,” of Exam 70-410 Installing and Configuring Windows Server® 2012.
Ch. 2, “Configuring Servers,” of Exam 70-410 Installing and Configuring Windows Server® 2012.
Ch. 3, “Configuring Local Storage,” of Exam 70-410 Installing and Configuring Windows Server® 2012.

When justifying your choice, you may point out the sections of the book that carry the specific content or you may point out why the other answers are not the best answer (process of elimination).

 

NTC 324 Week 1 Individual Assignment  Lab Challenge

 

 

Assignment Preparation: Activities include completing the Microsoft® Official Academic Course (MOAC) Labs, completing the Microsoft® Official Academic Course (MOAC) Lab Challenges, independent student reading, and research.

Complete MOAC Lab 1, “Installing Servers.” ID: 74010_01 MOAC70410-Lab01-Installing Servers

Complete MOAC Lab 2, “Configuring Servers.” ID: 74010_02 MOAC70410-Lab02-Configuring Servers

Complete MOAC Lab 3, “Configuring Local Storage.” ID: 74010_03 MOAC70410-Lab03-Configuring Local Storage

Complete MOAC Lab 4, “Configuring File and Share Access (2).” ID: 74010_04 MOAC70410-Lab04-Configuring File and Share Access (2)

Complete the Lab Challenge for MOAC Lab 4, “Configuring File and Share Access (2).” ID: 74010_04 MOAC70410-Lab04-Configuring File and Share Access (2)

Complete MOAC Lab 5, “Configuring Print and Document Services.” ID: 74010_05 MOAC70410-Lab05-Configuring Print and Document Services

Complete the Lab Challenge for MOAC Lab 5, “Configuring Print and Document Services.” ID: 74010_05 MOAC70410-Lab05-Configuring Print and Document Services

Complete the MOACLab 4 and 5 Lab Challenges and post your screenshot that captures the outcome.

 

 

NTC 324 Week 2 Individual Assignment

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Choose the best answer for each question in the “Best Answer” at the end of these chapters, and write a few sentences for each question to justify your choice. Note that just choosing the letter for your best answer only will not earn you full credit for this assignment.

Ch. 6, “Configuring Servers for Remote Management,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 7, “Creating and Configuring Virtual Machine Settings,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 8, “Creating and Configuring Virtual Machine Storage,” of Exam 70-410 Installing and Configuring Windows Server® 2012

When justifying your choice, you may point out the sections of the book that carry the specific content or you may point out why the other answers are not the best answer (process of elimination).

 

 

NTC 324 Week 2 Individual Assignment Lab Challenge

 

Assignment Preparation: Activities include completing the Microsoft® Official Academic Course (MOAC) Labs, completing the Microsoft® Official Academic Course (MOAC) Lab Challenges, independent student reading, and research.

Complete MOAC Lab 6, “Configuring Servers for Remote Management.” ID: 74010_06 MOAC70410-Lab06-Configuring Servers for Remote Management

Complete MOAC Lab 7, “Creating and Configuring Virtual Machine Settings.” ID: 74010_07 MOAC70410-Lab07-Creating and Configuring Virtual Machine Settings

Complete the Lab Challenge for MOAC Lab 7, “Creating and Configuring Virtual Machine Settings.” ID: 74010_07 MOAC70410-Lab07-Creating and Configuring Virtual Machine Settings

Complete MOAC Lab 8, “Creating and Configuring Virtual Machine Storage.” ID: 74010_08 MOAC70410-Lab08-Creating and Configuring Virtual Machine Storage

Complete the Lab Challenge for MOAC Lab 8, “Creating and Configuring Virtual Machine Storage.” ID: 74010_08 MOAC70410-Lab08-Creating and Configuring Virtual Machine Storage

Complete MOAC Lab 9, “Creating and Configuring Virtual Networks.” ID: 74010_09 MOAC70410-Lab09-Creating and Configuring Virtual Networks

Complete the Lab Challenge for MOAC Lab 9, “Creating and Configuring Virtual Networks.” ID: 74010_09 MOAC70410-Lab09-Creating and Configuring Virtual Networks

Complete the MOACLab 7, 8, and 9 Lab Challenges and post your screenshot that captures the outcome.

 

 

NTC 324 Week 2 Learning Team Lab Discussion

 

Discuss as a team and then submit a 1- to 2-page paper based on the team discussion of the labs completed in Weeks 1 and 2.

The team should focus the discussion on areas of concern, concepts that team members struggled to understand, how to better prepare for the exam in the areas that were a struggle, as well as, concepts that team members felt comfortable with.

 

 

NTC 324 Week 3 Individual Assignment  Build a List

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Order the steps in “Build a List” at the end of the following chapters:

Ch. 10, “Configuring IPv4 and IPv6 Addressing,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 11, “Deploying and Configuring the DHCP Service,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 12, “Deploying and Configuring the DNS Service,” of Exam 70-410 Installing and Configuring Windows Server® 2012

 

 

NTC 324 Week 3 Individual Assignment 

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Choose the best answer for each question in the “Best Answer” at the end of these chapters, and write a few sentences for each question to justify your choice. Note that just choosing the letter for your best answer only will not earn you full credit for this assignment.

Ch. 10, “Configuring IPv4 and IPv6 Addressing,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 11, “Deploying and Configuring the DHCP Service,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 12, “Deploying and Configuring the DNS Service,” of Exam 70-410 Installing and Configuring Windows Server® 2012

When justifying your choice, you may point out the sections of the book that carry the specific content or you may point out why the other answers are not the best answer (process of elimination).

 

 

NTC 324 Week 3 Individual Assignment  Lab Challenge

 

Assignment Preparation: Activities include completing the Microsoft® Official Academic Course (MOAC) Labs, completing the Microsoft® Official Academic Course (MOAC) Lab Challenges, independent student reading, and research.

Complete MOAC Lab 10, “Configuring IPv4 and IPv6 Addressing.” ID: 74010_10 MOAC70410-Lab010-Configuring IPv4 and IPv6 Addressing

Complete the Lab Challenge for MOAC Lab 10, “Configuring IPv4 and IPv6 Addressing.” ID: 74010_10 MOAC70410-Lab010-Configuring IPv4 and IPv6 Addressing

Complete MOAC Lab 11, “Deploying and Configuring the DHCP Service.” ID: 74010_11 MOAC70410-Lab11-Deploying and Configuring the DHCP Service

Complete the Lab Challenge for MOAC Lab 11, “Deploying and Configuring the DHCP Service.” ID: 74010_11 MOAC70410-Lab11-Deploying and Configuring the DHCP Service

Complete MOAC Lab 12, “Deploying and Configuring the DNS Service.” ID: 74010_12 MOAC70410-Lab12-Deploying and Configuring the DNS Service

Complete the Lab Challenge for MOAC Lab 12, “Deploying and Configuring the DNS Service.” ID: 74010_12 MOAC70410-Lab12-Deploying and Configuring the DNS Service

Complete the MOAC Lab 10, 11, and 12 Lab Challenges and post your screenshot that captures the outcome.

 

 

NTC 324 Week 3 Learning Team Assignment  Lab Discussion

 

Discuss as a team and then submit a 1- to 2-page paper based on the team discussion of the labs completed in Week 3.

The team should focus the discussion on areas of concern, concepts that team members struggled to understand, how to better prepare for the exam in the areas that were a struggle, as well as, concepts that team members felt comfortable with.

 

 

NTC 324 Week 4 Individual Assignment Build a List

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Order the steps in “Build a List” at the end of the following chapters:

Ch. 13, “Installing Domain Controllers,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 14, “Creating and Managing Active Directory Users and Computers,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 15, “Creating and Managing Active Directory Groups and Organizational Units,” of Exam 70-410 Installing and Configuring Windows Server® 2012

 

 

NTC 324 Week 4 Individual Assignment

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Choose the best answer for each question in the “Best Answer” at the end of these chapters, and write a few sentences for each question to justify your choice. Note that just choosing the letter for your best answer only will not earn you full credit for this assignment.

Ch. 13, “Installing Domain Controllers,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 14, “Creating and Managing Active Directory Users and Computers,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 15, “Creating and Managing Active Directory Groups and Organizational Units,” ofExam 70-410 Installing and Configuring Windows Server® 2012

When justifying your choice, you may point out the sections of the book that carry the specific content or you may point out why the other answers are not the best answer (process of elimination).

 

 

NTC 324 Week 4 Individual Assignment Lab Challenge

 

Assignment Preparation: Activities include completing the Microsoft® Official Academic Course (MOAC) Labs, completing the Microsoft® Official Academic Course (MOAC) Lab Challenges, independent student reading, and research.

Complete MOAC Lab 13, “Installing Domain Controllers.” ID: 74010_13 MOAC70410-Lab13-Installing Domain Controllers

Complete the Lab Challenge for MOAC Lab 13, “Installing Domain Controllers.” ID: 74010_13 MOAC70410-Lab13-Installing Domain Controllers

Complete MOAC Lab 14, “Creating and Managing Active Directory Users and Computers.” ID: 74010_14 MOAC70410-Lab14-Creating and Managing Active Directory Users and Computers

Complete the Lab Challenge for MOAC Lab 14, “Creating and Managing Active Directory Users and Computers.” ID: 74010_14 MOAC70410-Lab14-Creating and Managing Active Directory Users and Computers

Complete MOAC Lab 15, “Creating and Managing Active Directory Groups and Organizational Units.” ID: 74010_15 MOAC70410-Lab15-Creating and Managing Active Directory Groups and Organizational Units

Complete the Lab Challenge for MOAC Lab 15, “Creating and Managing Active Directory Groups and Organizational Units.” ID: 74010_15 MOAC70410-Lab15-Creating and Managing Active Directory Groups and Organizational Units

Complete the MOAC Lab 13, 14, and 15 Lab Challenges and post your screenshot that captures the outcome.

 

 

NTC 324 Week 4  Learning Team Assignment Lab Discussion

 

Discuss as a team and then submit a 1- to 2-page paper based on the team discussion of the labs completed in Week 4.

The team should focus the discussion on areas of concern, concepts that team members struggled to understand, how to better prepare for the exam in the areas that were a struggle, as well as, concepts that team members felt comfortable with.

 

 

NTC 324 Week 5 Individual Assignment

 

Assignment Preparation: Activities include completing the assigned reading, independent student reading, and research.

Choose the best answer for each question in the “Best Answer” at the end of these chapters, and write a few sentences for each question to justify your choice. Note that just choosing the letter for your best answer only will not earn you full credit for this assignment.

Ch. 16, “Creating Group Policy Objects,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 17, “Configuring Security Policies,” of Exam 70-410 Installing and Configuring Windows Server® 2012

Ch. 18, “Configuring Application Restriction Policies,” of Exam 70-410 Installing and Configuring Windows Server® 2012

When justifying your choice, you may point out the sections of the book that carry the specific content or you may point out why the other answers are not the best answer (process of elimination).

 

 

NTC 324 Week 5 Individual Assignment Lab Challenge

 

Assignment Preparation: Activities include completing the Microsoft® Official Academic Course (MOAC) Labs, completing the Microsoft® Official Academic Course (MOAC) Lab Challenges, independent student reading, and research.

Complete MOAC Lab 16, “Creating Group Policy Objects.” ID: 74010_16 MOAC70410-Lab16-Creating Group Policy Objects

Complete MOAC Lab 17, “Configuring Security Policies.” ID: 74010_17 MOAC70410-Lab17-Configuring Security Policies

Complete the Lab Challenge for MOAC Lab 17, “Configuring Security Policies.” ID: 74010_17 MOAC70410-Lab17-Configuring Security Policies

Complete MOAC Lab 18, “Configuring Application Restriction Policies.” ID: 74010_18 MOAC70410-Lab18-Configuring Application Restriction Policies

Complete the Lab Challenge for MOAC Lab 18, “Configuring Application Restriction Policies.” ID: 74010_18 MOAC70410-Lab18-Configuring Application Restriction Policies

Complete MOAC Lab 19, “Configuring Windows Firewall.” ID: 74010_19 MOAC70410-Lab19-Configuring Windows Firewall

Complete the Lab Challenge for MOAC Lab 19, “Configuring Windows Firewall.” ID: 74010_19 MOAC70410-Lab19-Configuring Windows Firewall

Complete the MOAC Lab 17, 18, and 19 Lab Challenges and post your screenshot that captures the outcome.

 

 

NTC 324 Week 5 Learning Team Assignment  Lab Discussion

 

Discuss as a team and then submit a 1- to 2-page paper based on the team discussion of the labs completed in Week 5.

The team should focus the discussion on areas of concern, concepts that team members struggled to understand, how to better prepare for the exam in the areas that were a struggle, as well as, concepts that team members felt comfortable with.

 

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BIS 155 Advanced PC Applications Entire Course - Homework Lance Online Homework Help

BIS 155 Advanced PC Applications Entire Course
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BIS 155 Advanced PC Applications Entire Course

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BIS 155 Week 1 iLab: Upper Saddle River Marching Band

BIS 155 Week 1 Discussion: Getting Familiar with Excel

BIS 155 Week 1 Quiz

BIS 155 Week 2 iLab: Excel’s Advanced Formulas & Functions

BIS 155 Week 2 Discussion: Formulas and Functions

BIS 155 Week 2 Quiz

BIS 155 Week 3 iLab: Alice Barr Realty Analysis

BIS 155 Week 3 Quiz

BIS 155 Week 3 Discussion: Data Analysis

BIS 155 Week 4 iLab: Create Address Labels

BIS 155 Week 4 Quiz

BIS 155 Week 4 Discussion: Excel Data Exchange

BIS 155 Week 5 iLab: Bruno s Pizza Analysis

BIS 155 Week 5 Quiz

BIS 155 Week 5 Discussion: Data Consolidation and What-if Analysis

BIS 155 Week 6 iLab: Day Care Center

BIS 155 Week 6 Course Project; Excel Project

BIS 155 Week 6 Course Project: Project Memo Template

BIS 155 Week 6 Discussion: Bringing It All Together

BIS 155 Week 7 iLab: Access Database

BIS 155 Week 7 Discussion: Database Decisions

BIS 155 Week 8 Discussion: Looking Ahead

BIS 155 Week 8 Final Exam

 

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ACCT 567 Final Exam Solutions 100% Correct Answers - Homework Lance Online Homework Help

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Description:

 

1. (TCO A) On what should the government-wide financial statements report?

 

2. (TCO B) According to GASB standards, when should transfers be recognized?

 

3. (TCO C) Comparisons of budgeted versus actual revenues and expenditures are a requirement of which of the following situations?

 

4. (TCO D) The revenues account of a government entity is debited when

 

5. (TCO E) During the year, a wealthy local businessman donated a building to city of Perris. The original cost of the building was $340,000. Accumulated depreciation at the date of the gift amounted to $220,000. The appraised fair market value of the donation at the date of the gift was $525,000 of which $35,000 was the value of the land on which the building was situated. At what amount should the city record this donated property in the governmental activities accounts at the government-wide level?

 

6. (TCO E) Which of the following resource inflows would be recorded as a revenue of a debt service fund?

 

7. (TCO G) Which of the statements concerning agency funds is a true statement?

 

8. (TCO J) Which of the following items are typically reported differently between the governmental fund statements and the governmental activities column of the government-wide statements?

 

9. (TCO H) A condition whereby the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis is called a(an)

 

10. (TCO H) Under FASB Standards, how would a not-for-profit organization recognize a conditional pledge?

 

11. (TCO I) Which of the following items would not affect the amounts reported in the Revenues and Gains section of the statement of activities for a private college or university?

 

12. (TCO I) The primary source of revenues for most hospitals are

 

1. (TCOs D, E, F, and G) Please list the name of the fund(s) in which each of the following transactions or events would be recorded.

(1) Bonds of $1,000,000 from which the proceeds are to be used for the construction of a new City Hall building.
(2) Salaries of $170,000 were paid to personnel in the office of the mayor.
(3) Installment payments of $75,000 were received from the property owners that were assessed for the street improvement project.
(4) Over $65,000 of funds were received by employees by payroll deductions that are to be used for the purchase of United States Government Bonds for those employees on an individual basis.
(5) Materials of $140,000 were to be used for the general repair of the streets that were purchased by the city.
(6) Excess funds of $60,000 were transferred from the water utility to the General Fund.

 

2. (TCO F) The garbage collection of the city of Rockwell could be accounted for through the General Fund, a Special Revenue Fund, or an Enterprise Fund. Please identify the circumstances in which each of these fund types might be appropriate.

 

3. (TCO I) During the fiscal year of June 2012, Jefferson General Hospital, a not-for-profit healthcare organization, had the following revenue-related transactions. (The amounts are summarized for the entire year.)

(1) Healthcare services that are provided to inpatients and outpatients amounted to $9,640,000, of  which $420,000 were for charity cases, $865,000 was paid by uninsured patients, and $8,355,000 was billed to Medicare, Medicaid, and other insurance companies.
(2) Pharmaceutical drugs and medicines sold by the hospital pharmacy amounted to $830,000, all of which was paid by the customer or the insurance companies.
(3) Medicare, Medicaid, and third-party payors (insurance companies) approved and paid $5,640,000 of the $8,355,000 billed by the hospital during the year (please review transaction #1).
(4) A contribution of $4,000,000 (of which is unconditional) was received in cash from a donor to construct a new facility for cancer patients. The full amount is expendable for that purpose. No activity has taken place during the current year.
(5) A total of $810,000 was received from the following activities/sources: cafeteria and gift shop sales, $630,000, unrestricted transfers from the Claremont Hospital Foundation, $110,000, and fees for medical transcripts, $70,000.
(6) The allowance for uncollectible receivables was increased by $1,350.

Enter the templates provided in the answer space and complete the following requirements:
Requirements:
a. Record the preceding transactions in general journal form.
b. Prepare the unrestricted revenues, gains, and other support section of Jefferson General Hospital’s statement of operations for the current year.

Templates:
Part A
……………………………………………………………………………..Debit…………………….. Credit
a. Cash
Accounts and Notes Receivable
Patient Service Revenue

b. Cash
Other revenues

c. Cash
Contractual adjustments
Accounts and Notes Receivable

d. Cash
Contributions-Temporarily Restricted

e. Cash
Other revenues

f. Provision for Bad Debts
Allowance for Uncollectible Receivables

Part B
Unrestricted Revenues, Gains, and Other Support:

Net Patient Service Revenue $ xxx
……………………..Other revenues xxx

 

4. (TCO E) Enter the template provided in the answer space and record the following transactions in the Capital Projects Fund in the general journal for the following transactions.

a. McDowell County issued $4,000,000, 5% bonds with interest payable on a semiannual basis on July 1 and January 1. The bonds sold for 102 on July 30, 2012. Proceeds from the bond issue were to be used for construction of the new sheriff station with all interest and premiums received to be used to service the debt issue.
b. A state grant of $250,000 was received to help finance the construction of the sheriff station.
c. The General Fund transferred $300,000 for use in the construction of the new sheriff station.
d. A federal grant of $500,000 was received to help finance the construction of the new sheriff station.
e. A construction contract was awarded to the Young Construction Company in the amount of $4,750,000.
f. The new sheriff station was completed on May 1, 2013, three months ahead of schedule. The construction expenditures amounted to $4,870,000. When the project was completed, the cost of the sheriff station was allocated to the following, $310,000 for land, $4,180,000 for the building, and the remainder to equipment.
g. The temporary accounts of the capital projects were closed to Fund Balance-Restricted. The amounts are restricted due to the bond issue that is related to the construction of the sheriff station. The capital projects fund will be closed by transferring remaining funds to the debt service fund for repayment.

Template:

Capital Project Fund (only) ……………………………………….debit………………………. credit

a. Cash
Other Financing Sources-Bond Proceeds

b. Cash
Revenues

c. Cash
Other Financing Sources-Transfer In

d. Cash
Revenues

e. Encumbrances
Reserve for Encumbrances

f. Construction Expenditures
Cash
Reserve for Encumbrances
Encumbrances

g. To close the temporary accounts:
Other Financing Sources-Bond Proceeds
Other Financing Sources-Transfers In
Revenues
Construction Expenditures
Fund Balance-Restricted

To close the Capital Projects Fund:
Other Financing Uses-Transfers Out
Cash
Fund Balance-Restricted
Other Financing Uses-Transfers Out

 

5. (TCO F) The following Statement of Cash Receipts and Disbursements was prepared by the bookkeeper of the City of Glass City Museum of Science. The museum is a component unit of the City of Glass City and must be included in the city’s financial statements. It began operations on January 1, 2012 with no liabilities or commitments and only two assets.

(1) $6,000 in cash and (2) Land that was acquired for $11,000.

Cash Basis
12 months
Cash Receipts:
Admission Fees  $295,000
Loan from the Bank $50,000
Total deposits  $345,000

Cash Disbursements:
Supplies  $62,000
Wages  104,000
Utilities  48,000
Purchase of Equipment  70,000
Purchase of Fixtures                      45,000
Interest on the Bank Loan  1,250
Total checks    $330,250

Excess of Receipts Over Disbursements  $14,750

Additional Information:

• The loan from the bank is dated April 1 and is for a five-year period. Interest (5% annual rate) is paid on Oct. 1 and April 1 of each year, beginning Oct. 1, 2012.
• The equipment was purchased on April 1, 2012 with the proceeds provided by the bank loan and has an estimated useful life of 10 years (please use the straight-line method of depreciation) for computing depreciation on the equipment. The fixtures were purchased on July 1, 2012 and has an estimated useful life of five years (please use the straight-line method of depreciation) for computing depreciation on the fixtures.
• Supplies on-hand amounted to $5,900 at December 31, 2012.
• All other bills and salaries related to 2012 had been paid by the close of business on December 31.

Required:
Enter the template provided in the answer space and complete the following requirements:
Please prepare a Statement of Revenues, Expenses, and Changes in Net Assets for the year ended December 31, 2012 assuming the city plans to account for its activities on the accrual basis.

Template:

Operating Revenues:
Charges for Services $

Operating Expenses:
Wages $
Supplies ($62,000-5,900)
Utilities
Depreciation ($70,000/10*9/12)
+ ($45,000/5*6/12)
Total Operating Expenses

Operating Income (Loss) $

Nonoperating Expenses:
Interest $1,250 + ($50,000*5%*3/12)

Change in Net Assets
Net Assets, Jan. 1, 2012
Net Assets, Dec. 31, 2012

 

2. (TCO F) The garbage collection of the city of Rockwell could be accounted for through the General Fund, a Special Revenue Fund, or an Enterprise Fund. Please identify the circumstances in which each of these fund types might be appropriate.

 

3. (TCO I) During the fiscal year of June 2012, Jefferson General Hospital, a not-for-profit healthcare organization, had the following revenue-related transactions. (The amounts are summarized for the entire year.)

(1) Healthcare services that are provided to inpatients and outpatients amounted to $9,640,000, of   which $420,000 were for charity cases, $865,000 was paid by uninsured patients, and $8,355,000 was billed to Medicare, Medicaid, and other insurance companies.
(2) Pharmaceutical drugs and medicines sold by the hospital pharmacy amounted to $830,000, all of which was paid by the customer or the insurance companies.
(3) Medicare, Medicaid, and third-party payors (insurance companies) approved and paid $5,640,000 of the $8,355,000 billed by the hospital during the year (please review transaction #1).
(4) A contribution of $4,000,000 (of which is unconditional) was received in cash from a donor to construct a new facility for cancer patients. The full amount is expendable for that purpose. No activity has taken place during the current year.
(5) A total of $810,000 was received from the following activities/sources: cafeteria and gift shop sales, $630,000, unrestricted transfers from the Claremont Hospital Foundation, $110,000, and fees for medical transcripts, $70,000.
(6) The allowance for uncollectible receivables was increased by $1,350.

Enter the templates provided in the answer space and complete the following requirements:
Requirements:
a. Record the preceding transactions in general journal form.
b. Prepare the unrestricted revenues, gains, and other support section of Jefferson General Hospital’s statement of operations for the current year.

Templates:
Part A
……………………………………………………………………………..Debit…………………….. Credit
a. Cash
Accounts and Notes Receivable
Patient Service Revenue

b. Cash
Other revenues

c. Cash
Contractual adjustments
Accounts and Notes Receivable

d. Cash
Contributions-Temporarily Restricted

e. Cash
Other revenues

f. Provision for Bad Debts
Allowance for Uncollectible Receivables

Part B
Unrestricted Revenues, Gains, and Other Support:

Net Patient Service Revenue $ xxx
……………………..Other revenues xxx

 

4. (TCO E) Enter the template provided in the answer space and record the following transactions in the Capital Projects Fund in the general journal for the following transactions.

a. McDowell County issued $4,000,000, 5% bonds with interest payable on a semiannual basis on July 1 and January 1. The bonds sold for 102 on July 30, 2012. Proceeds from the bond issue were to be used for construction of the new sheriff station with all interest and premiums received to be used to service the debt issue.
b. A state grant of $250,000 was received to help finance the construction of the sheriff station.
c. The General Fund transferred $300,000 for use in the construction of the new sheriff station.
d. A federal grant of $500,000 was received to help finance the construction of the new sheriff station.
e. A construction contract was awarded to the Young Construction Company in the amount of $4,750,000.
f. The new sheriff station was completed on May 1, 2013, three months ahead of schedule. The construction expenditures amounted to $4,870,000. When the project was completed, the cost of the sheriff station was allocated to the following, $310,000 for land, $4,180,000 for the building, and the remainder to equipment.
g. The temporary accounts of the capital projects were closed to Fund Balance-Restricted. The amounts are restricted due to the bond issue that is related to the construction of the sheriff station. The capital projects fund will be closed by transferring remaining funds to the debt service fund for repayment.

Template:

Capital Project Fund (only) ……………………………………….debit………………………. credit

a. Cash
Other Financing Sources-Bond Proceeds

b. Cash
Revenues

c. Cash
Other Financing Sources-Transfer In

d. Cash
Revenues

e. Encumbrances
Reserve for Encumbrances

f. Construction Expenditures
Cash
Reserve for Encumbrances
Encumbrances

g. To close the temporary accounts:
Other Financing Sources-Bond Proceeds
Other Financing Sources-Transfers In
Revenues
Construction Expenditures
Fund Balance-Restricted

To close the Capital Projects Fund:
Other Financing Uses-Transfers Out
Cash
Fund Balance-Restricted
Other Financing Uses-Transfers Out
5. (TCO F) The following Statement of Cash Receipts and Disbursements was prepared by the bookkeeper of the City of Glass City Museum of Science. The museum is a component unit of the City of Glass City and must be included in the city’s financial statements. It began operations on January 1, 2012 with no liabilities or commitments and only two assets.

(1) $6,000 in cash and (2) Land that was acquired for $11,000.

Cash Basis
12 months
Cash Receipts:
Admission Fees                                        $295,000
Loan from the Bank                                     $50,000
Total deposits                                          $345,000

Cash Disbursements:
Supplies                                                    $62,000
Wages                                                      104,000
Utilities                                                       48,000
Purchase of Equipment                                70,000
Purchase of Fixtures                                    45,000
Interest on the Bank Loan                              1,250
Total checks                                          $330,250

Excess of Receipts Over Disbursements        $14,750

Additional Information:

• The loan from the bank is dated April 1 and is for a five-year period. Interest (5% annual rate) is paid on Oct. 1 and April 1 of each year, beginning Oct. 1, 2012.
• The equipment was purchased on April 1, 2012 with the proceeds provided by the bank loan and has an estimated useful life of 10 years (please use the straight-line method of depreciation) for computing depreciation on the equipment. The fixtures were purchased on July 1, 2012 and has an estimated useful life of five years (please use the straight-line method of depreciation) for computing depreciation on the fixtures.
• Supplies on-hand amounted to $5,900 at December 31, 2012.
• All other bills and salaries related to 2012 had been paid by the close of business on December 31.

Required:
Enter the template provided in the answer space and complete the following requirements:
Please prepare a Statement of Revenues, Expenses, and Changes in Net Assets for the year ended December 31, 2012 assuming the city plans to account for its activities on the accrual basis.

Template:

Operating Revenues:
Charges for Services $

Operating Expenses:
Wages $
Supplies ($62,000-5,900)
Utilities
Depreciation ($70,000/10*9/12)
+ ($45,000/5*6/12)
Total Operating Expenses

Operating Income (Loss) $

Nonoperating Expenses:
Interest $1,250 + ($50,000*5%*3/12)

Change in Net Assets
Net Assets, Jan. 1, 2012
Net Assets, Dec. 31, 2012
(TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?

 

TCO F) Which of the following is a true statement regarding the cash flow statements of a proprietary fund?

 

(TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n)

 

(TCO H) Public sector audits differ from those of commercial businesses in which of the following instances?

 

(TCO J) Under GASB Standards, if a government only has six government funds and two enterprise funds, what is the required number of basic financial statements that it would need to prepare?

 

(TCO H) Which of the following would be considered “contribution revenue or support” of a not-for-profit organization?

 

(TCO H) Describe the different types of governmental audits and attestation engagements.

 

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(TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization

 

(TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit

 

(TCOs A, B) Below is a partial list of account balances for Cerner Company:

Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 1,000
Dividends 500
Revenues 15,000
Expenses 12,500

 

Under the accrual basis of accounting, revenues are recorded and reported _____.
when companies receive payments for jobs performed or products provided
when companies have provided products or performed services
when companies receive payments prior to providing products or performing services
when companies receive payments after providing products or performing services

 

In a period of increasing prices, which inventory cost flow assumption will result in the highest amount of net income?
LIFO
The average cost method
FIFO

 

Payne Corporation issues 100 twenty-year, 6%, $1,000 bonds dated July 1, 2010, at 94. The journal entry to record the issuance will show a _____.
debit to Cash of $100,000
credit to Bonds Payable of $94,000
credit to Premium on Bonds Payable of $4,000
debit to Discount on Bonds Payable of $6,000

 

What did Cerner Company show as total credits? (Points : 5)
$21,500
$21,000
$20,500
$22,000

 

(TCOs B, E) Using accrual accounting, expenses are recorded and reported only _____. (Points : 5)
when they are incurred, whether or not cash is paid
when they are incurred and paid at the same time
if they are paid before they are incurred
if they are paid after they are incurred

 

(TCO D) Three companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____. (Points : 5)
LIFO will have the highest ending inventory
FIFO will have the highest cost of goods sold
All three companies will have the same value for ending inventory.
average cost will have an ending inventory value that falls between FIFO and LIFO

 

(TCOs A, E) Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? (Points : 5)
$48,000
$52,500
$49,500
$43,500

 

(TCOs D, G) Joyce Corporation issues 1,000 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 102. The journal entry to record the issuance will show a _____. (Points : 5)
debit to Cash of $1,020,000
debit to Discount on Bonds Payable for $20,000
credit to Bonds Payable for $1,020,000
credit to Cash for $1,000,000

 

(TCO C) Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $240,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____. (Points : 5)
$240,000
$250,000
$310,000
$230,000

 

(TCO F) One variation of the horizontal analysis is known as _____. (Points : 5)
nonlinear analysis
vertical analysis
trend analysis
common-size analysis

 

(TCO F) Comparisons of data within a company are an example of the following comparative basis. (Points : 5)
Industry averages
Intercompany
Intracompany
Interregional

 

(TCO F) Which one of the following is not a characteristic generally evaluated in ratio analysis? (Points : 5)
Liquidity
Profitability
Marketability of the product
Solvency

 

(TCO F) Short-term creditors are usually most interested in assessing _____. (Points : 5)
solvency
liquidity
marketability
profitability

 

(TCO F) Long-term creditors are usually most interested in evaluating _____. (Points : 5)
liquidity
marketability
profitability
solvency

 

(TCO G) To calculate the market value of a bond, we need to _____. (Points : 5)
find out the present value of all of the future cash payments promised by the bond
calculate the present value of the principal only
calculate the present value of the interest only
multiply the bond price by the interest rate

 

(TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report:
…………………………………………………………………………………………………………………………………………………….

Required:
1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above calculate; Current Ratio, Days in Inventory, Average Collection Period, Return on Assets Ratio, Debt to Total Assets and Return on common stockholders’ equity ratio. (Make sure to show all your work)

 

 

(TCO B) The following selected data was retrieved from the Wal-Mart, Inc. financial statements for the year ending January 31, 2013:
………………………………………………………………………………………………………………………………………………………………………………………………

Required:

Using the information provided above:
1. Prepare a multiple-step income statement
2. Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings/results.

 

(TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the 2 questions below:

……………………………………………………………………………………………………………………………………………………………………………………….

Required:

1) Please calculate the percentage increase or decrease in cash for the operating, investing, and financing sections and explain the major reasons for the increase or decrease for each of these sections.

 

2) Please calculate the free cash flow for 2012 and explain the meaning of this ratio.

 

4. (TCO D) You are CFO of Goforit, Inc., a wholesale distribution company specializing in emerging technologies. Your CEO is a brilliant marketer, but relies on you to explain issues and choices in accounting and finance. She has heard from other members of a CEO organization to which she belongs that a company’s net income can vary widely depending on which accounting choices are made from the “GAAP menu.”

 

Assuming the goal is to maximize net income, choose an accounting treatment from each of the following scenarios, and explain to your CEO why the choice will produce the desired effect on reported Net Income for the current year. Include in your answer the effect of the choice on both the income statement and balance sheet.

Required:

a. Goforit carries significant electronics inventory in a competitive environment where prices are actually falling. Which inventory valuation method would you choose—LIFO, FIFO, or average cost? Assume that unit purchases exceed unit sales.
b. Goforit has a large investment in warehouse equipment including conveyor belts, forklifts, and automated packaging systems. Which depreciation method would you choose: Straight line (SL) or double declining balance (DDB)?

 

(TCO F) Please review the following real-world ratios for Johnson & Johnson and Pfizer for the year ended 2012 and address the 2 questions below.

…………………………………………………………………………………………………………………………………………………………………………………………

Required:

1) Please explain the meaning of each of the Pfizer ratios above.

2) Please state which company performed better for each ratio.

 

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(TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for

 

(TCO 1) Which of the following costs does not change when the level of business activity changes?

 

(TCO 1) You own a car and are trying to decide whether or not to trade it in and buy a new car. Which of the following costs is an opportunity cost in this situation?

 

(TCO 1) Shula’s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,700; depreciation, $800; and other fixed costs, $600. Each steak dinner sells for $14.00 each. What is the budgeted fixed cost per unit?

 

(TCO 1) Which of the following costs is not part of manufacturing overhead?

 

(TCO 1) Product costs

 

(A) are also called manufacturing costs

(B) are considered an asset until the finished goods are sold.

(c) become an expense when the goods are sold.

(d) All of the above answers are correct.

 

(TCO 1) Red Runner’s Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000. Direct materials used are $70,000 and direct labor used totals $35,000. Cost of goods sold totals $135,000. Manufacturing overhead applied is $20,000. How much is cost of goods manufactured?

 

(TCO 2) BCS Company applies manufacturing overhead based on direct labor cost. Information concerning manufacturing

 

(TCO 2) During 2011, Madison Company applied overhead using a job-order costing system at a rate of $12 per direct labor hours. Estimated direct labor hours for the year were 150,000, and estimated overhead for the year was $1,800,000. Actual direct labor hours for 2011 were 140,000 and actual overhead was $1,670,000.

What is the amount of under or over applied overhead for the year?

 

(TCO 3) Which of the following describes the differences between job-order and process costing?

 

(TCO 3) The Blending Department began the period with 45,000 units. During the period the department received another 30,000 units from the prior department and completed 60,000 units during the period. The remaining units were 75% complete. How much are equivalent units in The Blending Department’s work in process inventory at the end of the period?

 

TCO 3) Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in-process. During May, 11,000 units were completed and 3,000 units were in process at the end of May. These in-process units were 90% complete with respect to material and 50% complete with respect to conversion costs. Other information is as follows:

Work in process, May 1:

 

Direct material

$36,000

Conversion costs

$45,000

Costs incurred during May:

 

Direct material

$186,000

Conversion costs

$255,000

How much is the cost per equivalent unit for direct materials?

 

(TCO 4) Total costs were $75,800 when 30,000 units were produced and $95,800 when 40,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units.

 

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