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ACC 561 Entire Course (Excluding Final
Guide)
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ACC 561 Week 1 Individual Assignment Financial Statements (2
Papers)
ACC 561 Week 2 Individual Assignment Accounting & The
Regulatory Environment (2 Papers)
ACC 561 Week 3 Team Assignment Financial Statement Analysis (2
Set)
ACC 561 Week 4 Team Assignment Cost Accounting Systems (2
PPT)
ACC 561 Week 5 Team Assignment Costing Methods Presentation (2
PPT)
ACC 561 Week 1 Individual Wileyplus Assignment (with Excel File)
ACC 561 Week 1 Wileyplus Practice Quiz
ACC 561 Week 3 Team Assignment American Corporation Analysis
ACC 561 Week 3 Team Assignment Tootsie Roll Industries Inc.
Loan Package
ACC 561 Week 3 Wileyplus Assignment (With Excel file)

ACC 561 Week 4 WileyPLUS Assignment Paper Exercise 17-2
ACC 561 Week 4 WileyPLUS Assignment (With Excel File)
ACC 561 Week 5 Individual/Team WileyPLUS Assignment Paper
Exercise 18-1
ACC 561 Week 5 Individual Assignment Costing Methods Paper
(Exercise 19-17) (2 Papers)
ACC 561 Week 6 WileyPLUS Assignment (with Excel File)
ACC 561 Week 1 Individual Assignment Financial Statement
Review
Differentiation Paper
ACC 561 Week 2 Individual Assignment Sarbanes-Oxley Act of
2002 (2 Papers)
ACC 561 Week 2 Team Assignment Financial Statement
Relationship Paper
ACC 561 Week 2 Learning Team Reflection ( comparative and ratio
analysis)

ACC 561 Week 4 Learning Team Reflection (CVP Analysis)
ACC 561 Week 4 Team Assignment CVP Discussion Paper
ACC 561 Week 5 Learning Team Deliverables
ACC 561 Week 6 Learning Team Reflection (Incremental analysis)
ACC 561 Week 6 Team Assignment Master Budgeting Question
Regulatory Environment Presentation
ACC 561 Week 3 Team Assignment Financial Statement Analysis
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ACC 561 Entire Course (With Final Guide)
ACC 561 Week 1 Individual Assignment Financial Statements (2
Papers)
Regulatory Environment (2 Papers)
ACC 561 Week 3 Team Assignment Financial Statement Analysis (2
Set)
ACC 561 Week 4 Team Assignment Cost Accounting Systems (2
PPT)
ACC 561 Week 5 Team Assignment Costing Methods Presentation (2
PPT)
ACC 561 Week 1 Individual Wileyplus Assignment (with Excel File)

ACC 561 Week 3 Team Assignment American Corporation Analysis
ACC 561 Week 3 Team Assignment Tootsie Roll Industries Inc.
Loan Package
ACC 561 Week 3 Wileyplus Assignment (With Excel file)
ACC 561 Week 4 WileyPLUS Assignment Paper Exercise 17-2
ACC 561 Week 5 Individual/Team WileyPLUS Assignment Paper
Exercise 18-1
ACC 561 Week 5 Individual Assignment Costing Methods Paper
(Exercise 19-17) (2 Papers)
ACC 561 Week 6 WileyPLUS Assignment (with Excel File)
ACC 561 Final Exam Guide (**New**)
ACC 561 Final Exam Guide (New, with Excel Sheet)
Review

Differentiation Paper
ACC 561 Week 2 Individual Assignment Sarbanes-Oxley Act of
2002 (2 Papers)
ACC 561 Week 2 Team Assignment Financial Statement
Relationship Paper
ACC 561 Week 2 Learning Team Reflection ( comparative and ratio
analysis)
ACC 561 Week 4 Learning Team Reflection (CVP Analysis)
ACC 561 Week 4 Team Assignment CVP Discussion Paper
ACC 561 Week 5 Learning Team Deliverables
ACC 561 Week 6 Learning Team Reflection (Incremental analysis)
ACC 561 Week 6 Team Assignment Master Budgeting Question
Regulatory Environment Presentation
ACC 561 Week 3 Team Assignment Financial Statement Analysis
***********************************
ACC 561 Final Exam Guide (New, 2019, Score
100%)
The investigation of materials price variance usually begins in the:
controller’s office.
accounts payable department.

first production department.
purchasing department
Hollis Industries produces flash drives for computers, which it sells
for $20 each. Each flash drive costs $13 of variable costs to make.
During April, 1,000 drives were sold. Fixed costs for March were $2
per unit for a total of $1,000 for the month. How much is the
contribution margin ratio?
35%
25%
75%
65%
Which of the following statements is not true?
When a company’s sales revenue is decreasing, high operating
leverage is good because it means that profits will decrease at a
slower pace than revenues decrease.

When a company’s sales revenue is increasing, high operating
leverage is good because it means that profits will increase rapidly.
Companies that have higher fixed costs relative to variable costs have
higher operating leverage.
Operating leverage refers to the extent to which a company’s net
income reacts to a given change in sales.
Which of the following will not result in an unfavorable controllable
margin difference?
Sales under budget; costs under budget
Sales exceeding budget; costs under budget
Sales under budget; costs over budget
Sales exceeding budget; costs over budget
5
Based on the following data, what is the amount of working capital?

Accounts
payable………………………………………………………..$64,000
Accounts
receivable……………………………………………………..114,000
Cash……………………………………………………………………
…. 70,000
Intangible
assets…………………………………………………………100,000
Inventory………………………………………………………………
…. 138,000
Long-term
investments…………………………………………………..160,000
Long-term liabilities………………………………
………………………200,000
Short-term
investments……………………………………………………80,000
Notes payable (short-
term)………………………………………………..56,000
Property, plant, and
equipment………………………………………..1,340,000
Prepaid
insurance…………………………………………………………….2,
000

$370,000
$332,000
$326,000
$284,000
6
Miller Manufacturing’s degree of operating leverage is 1.5. Warren
Corporation’s degree of operating leverage is 3. Warren’s earnings
would go up (or down) by ________ as much as Miller’s with an
equal increase (or decrease) in sales.
2 times
4.5 times
1.5 times
1/2 times
7
What is the primary difference between a static budget and a flexible
budget?

The static budget contains only fixed costs, while the flexible budget
contains only variable costs.
The static budget is prepared only for units produced, while a flexible
budget reflects the number of units sold.
The static budget is constructed using input from only upper level
management, while a flexible budget obtains input from all levels of
management.
The static budget is prepared for a single level of activity, while a
flexible budget is adjusted for different activity levels.
8
Ben Gordon, Inc. manufactures 2 products, wheels and seats. The
company has estimated its overhead in the assembling department to
be $660,000. The company produces 300,000 wheels and 600,000
seats each year. Each wheel uses 2 parts, and each seat uses 3 parts.
How much of the assembly overhead should be allocated to wheels?
$165,000
$220,000
$264,000
$282,856

9
Financial and managerial accounting are similar in that both:
produce general-purpose reports.
deal with the economic events of an enterprise.
have reports that are prepared quarterly and annually.
have the same primary users.
10
It costs Garner Company $12 of variable and $5 of fixed costs to
produce one bathroom scale which normally sells for $35. A foreign
wholesaler offers to purchase 3,000 scales at $15 each. Garner would
incur special shipping costs of $1 per scale if the order were accepted.
Garner has sufficient unused capacity to produce the 3,000 scales. If
the special order is accepted, what will be the effect on net income?
$6,000 decrease
$9,000 decrease
$6,000 increase
$45,000 increase

11
Which one of the following is an example of a period cost?
A manager’s salary for work that is done in the corporate head office.
A box cost associated with computers.
A change in benefits for the union workers who work in the New
York plant of a Fortune 1000 manufacturer.
Workers’ compensation insurance on factory workers’ wages
allocated to the factory.
12
The Mac Company has four plants nationwide that cost $350 million.
The current fair value of the plants is $300 million. The plants will be
reported as assets at:
$300 million.
$350 million.
$600 million.
$700 million.
13

Are advanced receipts from customers treated as revenue at the time
of receipt? Why or why not?
Yes, the intent of the company is to perform the work and the
customer is confident that the services will be completed.
No, the amount of revenue cannot be adequately determined until the
company completes the work.
Yes, they are treated as revenue at the time of receipt because the
company has access to the cash.
No, revenue cannot be recognized until the work is performed.
14
Which statement is correct?
The cash basis of accounting is objective because no one can be
certain of the amount of revenue until the cash is received.
As long as management is ethical, there are no problems with using
the cash basis of accounting.
As long as a company consistently uses the cash basis of accounting,
generally accepted accounting principles allow its use.
The use of the cash basis of accounting violates both the revenue
recognition and expense recognition principles.

15
If a plant is operating at full capacity and receives a one-time
opportunity to accept an order at a special price below its usual price,
then:
the order will likely be accepted.
only variable costs are relevant.
the order will likely be rejected.
fixed costs are not relevant.
16
Kimble Company applies overhead on the basis of machine hours.
Given the following data, compute overhead applied and the under- or
overapplication of overhead for the period:
Estimated annual overhead cost $1,600,000
Actual annual overhead cost $1,575,000
Estimated machine hours 400,000
Actual machine hours 390,000
$1,560,000 applied and $15,000 underapplied
$1,560,000 applied and $15,000 overapplied

$1,600,000 applied and $15,000 overapplied
$1,575,000 applied and neither under- nor overapplied
17
Scorpion Production Company planned to use 1 yard of plastic per
unit budgeted at $81 a yard. However, the plastic actually cost $80
per yard. The company actually made 3,900 units, although it had
planned to make only 3,300 units. Total yards used for production
were 3,960. How much is the total materials variance?
$3,960 F
$48,600 U
$900 U
$4,860 U
18
Which of the following statements concerning users of accounting
information is incorrect?
Present creditors are considered external users.
Taxing authorities are considered external users.

Regulatory authorities are considered internal users.
Management is considered an internal user.
19
Top management notices a variation from budget and an investigation
of the difference reveals that the department manager could not be
expected to have controlled the variation. Which of the following
statements is applicable?
Department managers should be credited for favorable variances even
if they are beyond their control.
Department managers should be held accountable for all variances
from budgets for their departments.
Department managers’ performances should not be evaluated based
on actual results to budgeted results.
Department managers should only be held accountable for
controllable variances for their departments.
20
Danner Corporation reported net sales of $650,000, $720,000, and
$780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is
the base year, what percentage do 2018 sales represent of the base?

120%
83%
20%
108%
21
La More Company had the following transactions during 2016:
Sales of $9,000 on account
Collected $4,000 for services to be performed in 2017
Paid $3,750 cash in salaries for 2016
Purchased airline tickets for $500 in December for a trip to take place
in 2017
What is La More’s 2016 net income using accrual accounting?
$9,250
$9,750
$5,250

$5,750
22
If there are no units in process at the beginning of the period, then:
the units started into production will equal the number of units
transferred out.
the company must be using a job order cost system.
the units to be accounted for will equal the units transferred out and
the units in process at the end of the period.
only one computation of equivalent units of production will be
necessary.
23
Which of the following is not an underlying assumption of CVP
analysis?
Sales mix is constant.
Beginning inventory is larger than ending inventory.
Cost classifications are reasonably accurate.
Changes in activity are the only factors that affect costs.

24.
In performing a vertical analysis, the base for sales revenues on the
income statement is:
net sales.
cost of goods available for sale.
sales revenue.
net income.
25
Differences between a job order cost system and a process cost
system include all of the following except the:
unit cost computations.
flow of costs.
documents used to track costs.
point at which costs are totaled.
26

Henson Company began the year with retained earnings of $380,000.
During the year, the company recorded revenues of $500,000,
expenses of $380,000, and paid dividends of $40,000. What was
Henson’s retained earnings at the end of the year?
$460,000
$540,000
$840,000
$500,000
27
At September 1, 2017, Baxter Inc. reported Retained Earnings of
$423,000. During the month, Baxter generated revenues of $60,000,
incurred expenses of $36,000, purchased equipment for $15,000 and
paid dividends of $6,000. What is the balance in Retained Earnings at
September 30, 2017?
$24,000 credit
$423,000 debit
$426,000 credit
$441,000 credit
28

An activity-based overhead rate is computed as follows:
estimated overhead divided by actual use of cost drivers.
actual overhead divided by estimated use of cost drivers.
estimated overhead divided by estimated use of cost drivers.
actual overhead divided by actual use of cost drivers.
29.
Which is the last step in developing the master budget?
Preparing the cash budget
Preparing the cost of goods manufactured budget
Preparing the budgeted balance sheet
Preparing the budgeted income statement

30
The entry to record the acquisition of raw materials on account is:
Manufacturing Overhead Raw Materials Inventory Accounts
Payable
Work in Process Inventory Accounts Payable
Raw Materials Inventory Accounts Payable
Accounts Payable Raw Materials Inventory
***********************************
ACC 561 Week 1 Financial Statement
Differentiation Paper (New Syllabus)
Financial Statement Differentiation Instructions:
Write a paper between 700 and 1,000 words discussing the four
different types of financial statement. Explain the information
provided by each financial statement and include specific examples.
Incorporate your responses to the following questions. Which
financial statement or statement would be of most interest to
investors, creditors and management. Why?

Format your paper consistent with APA guidelines and submit your
paper and plagiarism review file via the assignment files tab.
***********************************
ACC 561 Week 1 Individual Assignment
Financial Statements (2 Papers) (New
Syllabus)
Purpose of Assignment
This activity helps students recognize the significant role accounting
plays in providing financial information to management for decision
making through the evaluation of financial statements. This
experiential assignment requires students to use ratios to evaluate and
analyze a company's liquidity, solvency, and profitability.
Assignment Steps
Resources: Generally Accepted Accounting Principles (GAAP), U.S.
Securities and Exchange Commission (SEC), University Library,
Library resources: Company Directories and Financials
Tutorial help on Excel® and Word functions can be found on the
Microsoft® Office website. There are also additional tutorials via the
web offering support for Office products.
Select a publicly traded, U.S. corporation with which you are familiar
or one where you currently work or have worked in the past.
Research the company on the Internet and download the Income
Statement, Statement of Shareholders' Equity, Balance Sheet, and
Statement of Cash Flows.
Develop a minimum 700-word examination of the financial
statements and include the following:

• Determine the net income for the current fiscal year (FY). Is this
income up or down from the prior year?
• Explain the relevance of changes in net income to investors.
• Determine the ending balance in shareholders' equity. Why would
organizations such as labor unions be interested in this?
• Determine the total value of assets.
• Discuss the relevance of the total value of assets to potential
creditors and why this is important.
• Compute the return on assets. Discuss the relative profitability of the
company based on your results.
• Compute the working capital and current ratio. Evaluate the relative
liquidity of the company based on your results.
• Compute the debt to assets ratio and the free cash flow for your
company. Analyze the results and comment on the relative solvency
of the company.
• Discuss how the financial statements are used in your current role or
a position you would like to hold. How might these aid you in
managerial decision making?
Show your work in Microsoft® Word or Excel®.
Complete calculations/computations using Microsoft® Word or
Excel®.
Include the four financial statements along with your assignment.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
***********************************
Financial Statements (Boeing)

Assignment Steps
of the company.

Excel®.
***********************************
Financial Statements (Walt Disney)
Assignment Steps

of the company.
Excel®.
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ACC 561 Week 2 Assignment Accounting
Methods (Bizcon, 2 Papers)

This Tutorial contains 2 Papers
This week's activity illustrates the role a company's accounting
method plays in financial statement reporting. In this assignment,
students evaluate the events occuring in a business setting and
determine how to properly analyze those events to identify the impact
on both cash and accrual accounting methods.
Assignment Steps
Securities and Exchange Commission (SEC)
Scenario: BizCon, a consulting firm, has just completed its first year
of operations. The company's sales growth was explosive. To
encourage clients to hire its services, BizCon offered 180-day
financing - meaning its largest customers do not pay for nearly 6
months. Because BizCon is a new company, its equipment suppliers
insist on being paid cash on delivery. Also, it had to pay up front for 2
years of insurance. At the end of the year, BizCon owed employees
for one full month of salaries, but due to a cash shortfall, it promised
to pay them the first week of next year.
As the senior accountant, the Chief Financial Officer has asked you to
prepare a memo to be sent to management notifying them of the
delayed wage payments.
Prepare the memo in a maximum 700 words including the following
information to better outline the situation:
• Explain how cash and accrual accounting differs for each of the
events listed in the above scenario and describe the proper accrual
accounting.
• Assess how at the end of the year, BizCon reported a favorable net
income, yet the company's management is concerned because the
company is very short of cash. Explain to management how BizCon
could have positive net income and yet run out of cash.
***********************************

Accounting & The Regulatory Environment
Presentation
In the wake of the accounting and finance scandals of the early 2000s,
the regulatory environment for businesses changed dramatically to
create more accountability and transparency. Agencies like the
Securities and Exchange Commission (SEC) and the Public Company
Accounting Oversight Board (PCAOB) play a greater role in
enforcing and auditing companies for compliance to regulations such
as the Sarbanes-Oxley Act of 2002.
Select an accounting regulatory or standards agency (e.g. PCAOB,
IASB, etc.)
Select a public company that you either currently work for, have
worked for in the past, or one with which you are familiar.
Create a presentation with an analysis of the regulatory environment:
Identify one or more regulations that would apply to your selected
company.
Discuss the ways that compliance with the regulations is beneficial to
the company, industry, and consumers.
Examine how the agency you selected and your selected company
work together.
Explain the role of ethics in the regulatory environment.
Discuss the ways in which the regulatory environment would directly
affect your role in the company in either your current role or your
desired career with the organization.

***********************************
Accounting The Regulatory Environment (2
Papers)
This Tutorial contains 2 Papers of this Assignment
In the wake of the accounting and finance scandals of the early 2000s,
the regulatory environment for businesses changed dramatically to
create more accountability and transparency. Agencies like the
Securities and Exchange Commission (SEC) and the Public Company
Accounting Oversight Board (PCAOB) play a greater role in
enforcing and auditing companies for compliance to regulations such
as the Sarbanes-Oxley Act of 2002.
Select an accounting regulatory or standards agency (e.g. PCAOB,
IASB, etc.)
Select a public company that you either currently work for, have
worked for in the past, or one with which you are familiar.
Create a 1,050-word analysis of the regulatory environment:
Identify one or more regulations that would apply to your selected
company.
Discuss the ways that compliance with the regulations is beneficial to
the company, industry, and consumers.
Examine how the agency you selected and your selected company
work together.

Explain the role of ethics in the regulatory environment.
Discuss the ways in which the regulatory environment would directly
affect your role in the company in either your current role or your
desired career with the organization.
***********************************
ACC 561 Week 2 Small Business Analysis
(New Syllabus)
Small Business Analysis Instructions:
You are interested in establishing a small business and you must
decide which of the four forms of business organization would best
suit your unique product or service. Consider legal, tax, accounting,
and other implications when selecting from the four business types.
Write a paper between 1,000 and 1,500 words discussing your small-
business idea. Include the following:
1. The advantages and dis advantages of the four different forms of
business organization, Which include sole proprietorship,
partnership,C-corporation, and S-corporation s.
2. Identify which accounting method (i.e. cash versus accrual) you
plan to use for your business. Why did you select this choice?
3. An explanation of the product or service your small business
provides.

4. State three business transactions you expect to incur to with your
company. Discuss how the transactions impact your income
statement, balance sheet and statement of cash flow.
5. Select an organization type for your company and explain why
you selected this option.
***********************************
ACC 561 Week 3 Assignment Ratio Analysis (P
Jason, New Syllabus)
This week's focus is on the preparation of financial reports for internal
users, such as managers. This case study applies the concepts of
managerial accounting, through comparative and ratio analysis, and
requires students to identify financial data needed by managers for
decision making.
About Your Signature Assignment
This signature assignment is designed to align with specific program
student learning outcome(s) in your program. Program Student
Learning Outcomes are broad statements that describe what students
should know and be able to do upon completion of their degree. The
signature assignments may be graded with an automated rubric that
allows the University to collect data that can be aggregated across a
location or college/school and used for program improvements.
Assignment Steps
Securities and Exchange Committee (SEC)

Tutorial help on Excel®
and Word functions can be found on the
Microsoft®
Office website. There are also additional tutorials via the
Scenario: You are a loan officer for White Sands Bank of Taos. Paul
Jason, president of P. Jason Corporation, has just left your office. He
is interested in an 8-year loan to expand the company's operations.
The borrowed funds would be used to purchase new equipment. As
evidence of the company's debt-worthiness, Jason provided you with
the following facts:
2017 2016
Current Ratio 3.1 2.1
Asset Turnover 2.8 2.2
Net Income Up 32% Down 8%
Earnings per Share $3.30 $2.50
Jason is a very insistent (some would say pushy) man. When you told
him you would need additional information before making your
decision, he acted offended and said, "What more could you possibly
want to know?" You responded you would , at minimum, need
complete, audited financial statements.
· Explain why you would want the financial statements to be
audited.
· Discuss the implications of the ratios provided for the lending
decision you are to make. That is, does the information paint a
favorable picture? Are these ratios relevant to the decision? State why
or why not.
· Evaluate trends in the performance of White Sands Bank.
Identify each performance measure as favorable or unfavorable and
explain the significance of each.
· List three other ratios you would want to calculate for White
Sands Bank of Taos, and in your own words explain in detail why you
would use each.
· As the loan officer, what else would you do to gain a better
understanding of Paul Jason's, and the Corporation's financial picture
and why?

· Based on your analysis of White Sands Bank, will you
recommend approval for the requested loan? Provide specific details
to support your decision.
Format the assignment consistent with APA guidelines.
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ACC 561 Week 3 Business Plan Develop a
business plan and financial metrics Tootsie
Roll
Business Plan Develop a business plan and financial metrics
Instructions:
Prepare a business plan between 1,500 and 3,250 words in order to
secure a loan for Tootsie Roll Inc. The loan will increase the
company’s total liabilities by 10%. The contents of the plan should
include the following:
1. Complete a financial analysis in Excel using, in part, the financial
and management information included with the company’s website.
This includes historical and projected financial statement, a three year
historical ratio analysis of the company’s financial statement and a
three year projected ratio analysis of the company’s financial
statement.
provide several types of liquidity, solvency. And profitability ratios
and explain the results. In order to support your projections, include a
list of all assumptions and issues that influenced your team’s
decisions. Incorporate industry comparisons and analysis. Include an
organized list or table of all financial ratios in your paper and
calculate a variance analysis for each year. The variance analysis
indicates the net increase or decrease of a particular financial ratio

from one year as compared to the following year. Submit the final
spreadsheet with your team’s paper. Additions details and guidance
provide via the week 3 projects thread.
2. Incorporate the applicable of a business plan identified via
research. For further information review the business plan
requirements posted to the week 3 project thread.
3. Discuss the underlying business factors and operational
constraints that are driving thr company to seek a loan.
4. Explains how the company plans to use the proceeds from the
loan. How will a new impact the company ?
***********************************
ACC 561 Week 3 Team Assignment Financial
Statement Analysis (2 Set)
This Tutorial contains 2 Papers of this Assignment
Learning Team members will refer back to their Week 1 Individual
Assignment and perform the calculations using the financial
statements from their individual companies.
Part I

Complete the following:
Perform at least one profitability ratio to measure the income and
operating success of your selected company.
Perform at least one liquidity ratio to measure the ability of the
company to pay short-term debt and meet unexpected needs.
Perform at least one solvency ratio to measure the ability of the
company to survive in the long-term.
Review all of the calculations of the different companies as a team.
Compare the profitability, liquidity, and solvency ratios.
Complete a spreadsheet that presents the profitability, liquidity, and
solvency ratios comparatively for all of the companies.
Highlight the company that has the best numbers for each ratio.
Part II
Develop a 700-word evaluation of the selected companies in which
the team does the following:
Evaluate the financial opportunity presented by the companies. If the
team was going to lend money to one of the companies reviewed,
which one would it be? Defend the team's decision.
Evaluate the investment opportunity presented by the companies. If
the team could invest $100,000 in one of the companies, which would
the team select? Provide the rationale.
Evaluate the employment opportunity presented by the companies. If
the team members could work for any of the companies, which
company would the team select? Defend the team's decision.
***********************************
ACC 561 Week 3 Team Assignment Financial
Statement Analysis

Learning Team members perform the calculations using the financial
statements from their individual companies.
Part I
Perform at least one profitability ratio to measure the income and
operating success of your selected company.
Perform at least one liquidity ratio to measure the ability of the
company to pay short-term debt and meet unexpected needs.
Perform at least one solvency ratio to measure the ability of the
company to survive in the long-term.
Review all of the calculations of the different companies as a team.
Compare the profitability, liquidity, and solvency ratios.
Complete a spreadsheet that presents the profitability, liquidity, and
solvency ratios comparatively for all of the companies.
Highlight the company that has the best numbers for each ratio.
Part II
Develop a presentation with an evaluation of the selected companies
in which the team does the following:
Evaluate the financial opportunity presented by the companies. If the
team was going to lend money to one of the companies reviewed,
which one would it be? Defend the team's decision.
Evaluate the investment opportunity presented by the companies. If
the team could invest $100,000 in one of the companies, which would
the team select? Provide the rationale.
Evaluate the employment opportunity presented by the companies. If
the team members could work for any of the companies, which
company would the team select? Defend the team's decision.
***********************************
ACC 561 Week 3 Team Assignment Tootsie
Roll Industries Inc. Loan Package

Please read the detailed instructions for this assignment in the
learning activities for this week. You must follow all instructions for
this assignment. Please see the attached grading rubric for this
assignment.
Conduct an Internet search information on how to assemble a loan
package by researching loan package requirements at The U.S. Small
Business Administration website (http://www.sba.gov/) or on other
websites, such as the SCORE website (http://www.score.org/).
Research the specific loan package requirements of creditors, such as
American Express, by reviewing their websites.
Prepare a loan package of approximately1,250 words to secure a loan
for Tootsie Roll Industries Inc. that would increase the company's
total liabilities by 10%. Your loan package should include the
following:
• A ratio analysis of the financial statements for Tootsie Roll
Industries Inc., including several types of liquidity, solvency, and
profitability ratios and an explanation of each ratio
• A justification of the reason the company needs this loan; the
purpose might be for expansion, inventory purchases, debt retirement,
and so on
• An explanation of how the company plans use the proceeds from the
loan and of how loan approval might affect the company
Cite your sources consistent with APA guidelines.
***********************************

ACC 561 Week 3 Team Financial Statement
Analysis and Decision Making Activity
Week Three Learning Team
The activity requires students to perform research and analysis on
competing companies and the potential implications of international
standards. This real-world analysis is key to understanding how a
company's profitability, liquidity, and solvency can be useful for all
users. Students also learn to analyze financial statements and use
managerial tools to make decisions from an investor's and creditor's
standpoint.
Assignment Steps
Resources: U.S. Securities and Exchange Commission (SEC),
websites such as Annual Reports (AnnualReports.com)
Microsoft®
Select two competing companies, one of which must be an
international company, and locate annual reports for these two
companies on the Internet.
Research the two companies on the Internet and download the
Income Statement, Statement of Shareholders' Equity, Balance Sheet,
and Statement of Cash Flows.
· Make a 5-year trend analysis for each company, using 2011 as the
base year, of:
o Net sales.
o Net income. Discuss the significance of the trend results.

· Compute for 2015 and 2014 the:
o Debt to assets ratio.
o Times interest earned. How would you evaluate each company's
solvency?
· Compute for 2015 and 2014 the:
o Profit margin.
o Asset turnover.
o Return on assets.
o Return on common stockholders' equity. How would you evaluate
each company's profitability?
· Evaluate the financial opportunity presented by the companies. If
you were a creditor, which company would you be more likely to lend
money to? Defend your decision.
· Which company would you recommend as an investment? Discuss
the items that were considered in your decision.
· Research global implications for the international company
selected. How might changing environmental factors affect
organizational choices?
· Consider the ethical climate (internal or external) of your chosen
companies. Describe the ethical issues and impact on the
stakeholders. What has been/is being done to resolve these issues? Do
you agree with these methods for resolution? If not, what might you
do differently?
Show your work in Microsoft®
Word or Excel®
.
Complete calculations/computations using Microsoft®
Word or
Excel®
.
Note: Grades are awarded based upon individual contributions to the
Learning Team assignment. Each Learning Team member receives a
grade based upon his/her contributions to the team assignment. Not all
students may receive the same grade for the team assignment.
***********************************
ACC 561 Week 4 Assignment Production Cost
(Davis Skaros, New Syllabus)

Week Four
The materials covered this week distinguish between the different
costing methods and provides needed tools for decision making. This
case study focuses on determining equivalent units in a production
business setting.
Assignment Steps
Securities and Exchange Committee (SEC)
Microsoft®
Scenario: Davis Skaros has recently been promoted to production
manager. He has just started to receive various managerial reports,
including the production cost report you prepared. It showed his
department had 2,000 equivalent units in ending inventory. His
department has had a history of not keeping enough inventory on
hand to meet demand. He has come to you, very angry, and wants to
know why you credited him with only 2,000 units when he knows he
had at least twice that many on hand.
Prepare a maximum 700-word informal memo and explain to Mr.
Skaros why his production cost report showed only 2,000 equivalent
units in ending inventory. Using a professional tone, explain to him
clearly why your report is accurate.
***********************************

ACC 561 Week 4 Costing Methods Super
Bakery
Read the case study posted to the week four projects thread and write
a paper between 1,000 and 1,700 words addressing the following
questions:
1. What strategies did the management of the company use?
2. Why did the company's management think it was necessary to
install an ABC system? Do you agree with their reasoning? Explain
your answer.
3. Is a job order cost system or a process order cost system a viable
option for the company. Why or why not?
***********************************
ACC 561 Week 4 Team Assignment Cost
Accounting Systems (2 PPT)
This Tutorial contains 2 Presentation of this Assignment

Consider the places of employment of the team members or
businesses with which the team is familiar and the industries in which
they operate.
Create a 12-slide presentation, including detailed speaker notes that
act as the script of the presentation or a voiceover, of an analysis of
cost accounting systems. Include the following in the presentation:
Describe the purpose and elements of an effective cost accounting
system.
Differentiate the 3 types of cost accounting systems (job order,
process, and hybrid). Include detailed descriptions of each.
Determine when and why it is appropriate to use each type of system
and include an explanation.
Recommend the best accounting system for the team members'
respective places of employment or a business where they are
interested in pursuing employment. Provide a rationale for the
recommendations. If not enough information is available for all
companies, provide suggested considerations needed to make the
determination.
Click the Assignment Files tab to submit your assignment
***********************************
ACC 561 Week 4 WileyPLUS Assignment
Paper Exercise 17-2
Accessthe following Week 4 reading, linked to this assignment:
• Broadening Your Perspective 17-2

Complete the Broadening Your Perspective 17-2 activity titled
"Managerial Perspective" in Ch. 17 of Accounting. You need to
answer all four parts and show the details for your answers for parts a,
b, and c. Part D is a written response and should be approximately
100 to 150 words long.
Writea paper of no more than 750 words in which you respond to the
Broadening Your Perspective 17-2 activity titled "Managerial
Perspective" in Ch. 17 ofAccounting.
***********************************
ACC 561 Week 5 Assignment Case Study CVP,
Break-even, margin of safety (Mary Willis,
New Syllabus)
Week Five Individual Assignment
The Case Study focuses on CVP (Cost-Volume-Profit), break-even,
and margin of safety analyses which allows students to experience
working through a business scenario and applying these tools in
managerial decision making.
Assignment Steps
Securities and Exchange Commission (SEC)
Scenario: Mary Willis is the advertising manager for Bargain Shoe
Store. She is currently working on a major promotional campaign.

Her ideas include the installation of a new lighting system and
increased display space that will add $24,000 in fixed costs to the
$270,000 in fixed costs currently spent. In addition, Mary is
proposing a 5% price decrease ($40 to $38) will produce a 20%
increase in sales volume (20,000 to 24,000). Variable costs will
remain at $24 per pair of shoes. Management is impressed with
Mary's ideas but concerned about the effects these changes will have
on the break-even point and the margin of safety.
• Compute the current break-even point in units, and compare it to the
break-even point in units if Mary's ideas are used.
• Compute the margin of safety ratio for current operations and after
Mary's changes are introduced (Round to nearest full percent).
• Prepare a CVP (Cost-Volume-Profit) income statement for current
operations and after Mary's changes are introduced.
Prepare a maximum 700-word informal memo to management
addressing Mary's suggested changes.
• Explain whether Mary's changes should be adopted. Why or why
not? Analyze the above information (three bullet points above) and
use this information to support your suggestion.
Excel®.
***********************************
ACC 561 Week 5 CVP and Break-Even
Analysis (snapfitness)

Review the case study posted to the week five projects thread and
write a paper between 1,000 and 2,000 words addressing the
following:
Part 1: Respond to the questions incorporated with the case study.
Part 2: Assume your team decides to invest in the business. Prepare a
variable costing income statement using monthly projections for
revenue and expenses. In order to support your findings, include a list
of all assumptions, issues, and factors directly or indirectly related to
your conclusions. Complete sections (1) and (2) from the case study a
second time using your team's projections of sales volume, variable
expenses, and fixed expenses.
Format the paper consistent with APA guidelines. In addition to the
paper, include an Excel spreadsheet that supports all numbers and
calculations. Submit the paper, spreadsheet, and plagiarism review
file via the assignment files tab.
Many of you will some day own your own business. One rapidly
growing opportunity is no-frills workout centers. Such centers attract
customers who want to take advantage of state-of-the-art fitness
equipment but do not need the other amenities of full-service health
clubs. One way to own your own fitness business is to buy a
franchise. Snap Fitness is a Minnesota-based business that offers
franchise opportunities. For a very low monthly fee ($27, without an
annual contract) customers can access a Snap Fitness center 24 hours
a day.
The Snap Fitness website (www.snapfitness.com) indicates that start-
up costs range from $60,000 to $184,000. This initial investment
covers the following pre-opening costs: franchise fee, grand opening
marketing, leasehold improvements, utility/rent deposits, and training.
Part 1 (Sections 1 - 4):
Section 1: Suppose that Snap Fitness estimates that each location
incurs $5,000 per month in general fixed operating expenses and
$1,000 to lease equipment. Mixed costs are equal to $500 per/month
(fixed) plus $1 per membership sale (variable). Total variable costs

were not provided. A recent newspaper article describing no-frills
fitness centers indicated that a Snap Fitness site might require only
320 members to break even. Members pay on a monthly basis. Using
the information provided above, and your knowledge of CVP
analysis, estimate the amount of variable costs. (When performing
your analysis, assume that fixed costs include estimated monthly
operating expenses, equipment lease and the fixed part of mixed
costs.)
Section 2: Using the information from part 1, section 1, what would
monthly sales in members and dollars have to be to achieve a target
net income of $15,000 for the month?
Section 3: Provide several examples of variable costs and fixed costs
for a fitness center. Discuss how a fitness center's cost structure,
relevant range, margin of safety, cost behaviors, and CVP apply to the
case study. How do you plan to use this in order to manage the
business and plan for profitability? What type of internal accounting
reports would you like to review in order to help you make informed
decisions?
Section 4: Go to a competitor's internet site and find information
about purchasing their franchise. Summarize the pertinent information
required to make an informed investment decision. Which franchise
do you believe is a better business opportunity? Explain your answer.
Part 2: See CVP and Break Even Analysis project instructions for
further details.
***********************************
Costing Methods Paper (Exercise 19-17) (2
Papers)

This Tutorial contains 2 different Papers
Write a paper of no more than 350 words after completing Exercise
19-17 in WileyPLUS in which you respond to the following
questions:
• In this case, would it be better to use the variable or absorption
costing method, and why?
• What are the benefits of the two methods?
• Which method would lead to the best decision when a competitor is
submitting a lower bid for your product?
***********************************
ACC 561 Week 5 Individual/TeamWileyPLUS
Assignment Paper Exercise 18-1
Resource: WileyPLUS
Access the following Week 5 Assignment in WileyPLUS:
• Broadening Your Perspective 18-1
Write a paper of no more than 750 words in which you respond to the
Broadening Your Perspective 18-1 activity titled "Decision Making
Across the Organization" in Ch. 18 of Accounting.

***********************************
ACC 561 Week 5 Team Assignment Costing
Methods Presentation (2 PPT)
This Tutorial contains 2 Presentation of this Assignment
Develop an 8-slide presentation regarding costing methods as related
to the scenario in Exercise 19-7, which all team members completed
in WileyPLUS. Include the following:
 Recommend a costing method in choosing between variable or
absorption costing. Explain the team's decision.
 Explain the benefits of each of the two methods.
 Determine which method would lead to the best decision when a
competitor is submitting a lower bid for your product. Explain
your answer.
 Explain how applying costing methods can aid in better
managerial decision-making.
***********************************
ACC 561 Week 5 Team Cost Behavior Analysis
(2 PPT)

This Tutorial contains 2 PPT of this Assignment
Week Five Learning Team Assignment
The case study focuses on break-even, margin of safety, and
incremental analysis and allows students to experience working
through a business scenario to apply these tools in managerial
decision making. Students are required to make decisions and
provide solutions based on their evaluation of financial data.
Assignment Steps
Resources: Generally Accepted Accounting Principles (GAAP),
U.S. Securities and Exchange Committee (SEC)
Microsoft®
Scenario: Shelley Jones has just been elected as president of the
Circular Club of Auburn, Kansas, and she has been asked to suggest a
new fundraising activity for the club. After a considerable amount of
research, Shelley proposed the Circular Club sponsor a professional
rodeo. In her presentation to the club, Shelley recommends the
fundraiser become an annual activity with the following goals:
· Continue to grow each year
· Give back to the community
· Provide the club a presence in the community
Shelley's goal in the first year is to have an activity that would
become an "annual community event" and would break even the first
year and raise $5,000 the following year. In addition, based on the
experience of other communities, Shelley believed a rodeo could
grow in popularity so the club would eventually earn an average of
$20,000 annually.
A rodeo committee was formed. Shelley contacted the world's oldest
and largest rodeo-sanctioning agency to apply to sponsor a
professional rodeo. The sanctioning agency requires a rodeo to consist

of the following five events: Bareback Riding, Bronco Riding, Steer
Wrestling, Bull Riding, and Calf Roping, Team Roping and Women's
Barrels. Prize money in the amount of $3,000 would be paid to
winners in each of the seven events. Members of the rodeo committee
contracted with RJ Cattle Company, a livestock contractor on the
rodeo circuit, to provide bucking stock, fencing, and chutes. Realizing
costs associated with the rodeo were tremendous and ticket sales
would probably not be sufficient to cover the costs, the rodeo
committee sent letters to local businesses soliciting contributions in
exchange for various sponsorships. Exhibiting Sponsorships are
$1,000 to exhibit products or services, while Major Sponsorships are
$600, and Chute Sponsorships are $500 to have the name of the
sponsor's business on one of the six bucking chutes. For a
contribution of $100, individual sponsors will be included in a Friends
of Rodeo list found in the rodeo programs.
A local youth group will be contacted to provide concessions to the
public and divide the profits with the Circular Club. The Auburn
Circular Club Pro Rodeo Roundup will be held on June 1, 2, and 3.
The cost of an adult ticket is set at $8 in advance or $10 at the gate;
the cost of a ticket for a child 12 or younger is set at $6 in advance or
$8 at the gate. Tickets are not date-specific. Rather, one ticket will
admit an individual to one performance of his or her choice-- Friday,
Saturday, or Sunday. The rodeo committee is able to secure a location
through the county supervisors' board at a nominal cost to the Circular
Club. The arrangement allows for the use of the county fair grounds
and arena for a one-week period. Several months prior to the rodeo,
members of the rodeo committee were notified the bleachers at the
arena would hold 2,500 patrons. On Saturday night, paid attendance
was 1,663, but all seats were filled due to poor gate controls.
Attendance was 898 Friday and 769 on Sunday.
The following revenue and expense figures relate to the first year of
the rodeo.
Receipts
Contributions from sponsors $22,000
Receipts from ticket sales $28,971
Share of concession profits $1,513
Sale of programs $600

Total receipts $53,084
Expenses
Livestock contractor $26,000
Prize money $21,000
Contestant hospitality $3,341*
Sponsor signs for arena $1,900
Insurance $1,800
Ticket printing $1,050
Sanctioning fees $925
Entertainment $859
Judging fees $750
Port-a-potties $716
Rent $600
Hay for horses $538
Programs $500
Western hats to first 500 children $450
Hotel rooms for stock contractor $325
Utilities $300
Sand for arena $251
Miscellaneous fixed costs $105
Total expenses $61,410
Net loss $ (8,326)
*The club contracted with a local caterer to provide a tent and food
for the contestants. The cost of the food was contingent on the number
of contestants each evening. Information concerning the number of
contestants and the costs incurred are as follows:
Contestants Total Cost
Friday 68 $998
Saturday 96 $1,243
Sunday 83 $1,100
$3,341
On Wednesday after the rodeo, members of the rodeo committee met
to discuss and critique the rodeo. Jonathan Edmunds, CPA and
President of the Circular Club, commented that the club did not lose
money. Rather, Jonathan said, "The club made an investment in the
rodeo." The rodeo committee has requested an analysis of the rodeos
performance and evaluation of the CPA's review.

Create a minimum 10-slide presentation, including detailed speaker
notes, as the committee's consultation team and respond to the
following:
· What did Jonathan Edmunds mean when he said the club had made
an investment in the rodeo? Is his comment consistent with Shelley's
idea that the club should have a fundraiser that would:
o Continue to get better each year.
o Give back to the community.
o Provide the club a presence in the community? Why or why not?
· Shelley, Jonathan, and Adrian Stein, the Fundraising Chairperson,
are beginning to make plans for next year's rodeo. Shelley believes by
negotiating with local feed stores, inn- keepers, and other business
owners, costs can be cut dramatically. Jonathan agrees. After
carefully analyzing costs, Jonathan has estimated the fixed expenses
can be pared to approximately $51,000. In addition, Jonathan
estimates variable costs are 4% of total gross receipts. After talking
with business owners who attended the rodeo, Adrian is confident the
funds solicited from sponsors will increase. Adrian is comfortable in
budgeting revenue from sponsors at $25,600. The local youth group is
unwilling to provide concessions to the audience unless they receive
all of the profits. Not having the personnel to staff the concession
booth, members of the Circular Club reluctantly agree to let the youth
group have 100% of the profits from the concessions. In addition,
members of the rodeo committee, recognizing the net income from
programs was only $100, decide not to sell rodeo programs next year.
o Compute the break-even point in dollars of ticket sales assuming
Adrian and Jonathan are correct in their assumptions.
· Shelley has just learned you are calculating the break-even point in
dollars of ticket sales. She is still convinced the Club can make a
profit using the assumptions above (second bullet point above).
o Calculate the dollars of ticket sales needed to earn a target profit of
$6,000.
o Calculate the dollars of ticket sales needed to earn a target profit of
$12,000.
· Are the facilities at the fairgrounds adequate to handle crowds
needed to generate ticket revenues calculated above (third bullet point

above) to earn a $6,000 profit? Show calculations to support your
answers.
· A few members in the Circular Club do not want to continue with
the annual rodeo. However, Shelley is insistent the Club must
continue to conduct the rodeo as an annual fundraiser. Shelley argues
she has spent hundreds of dollars on western boots, hats, and other
items of clothing to wear to the rodeo. Are the expenses related to
Shelley's purchases of rodeo clothing relevant costs? Why or why
not?
· Rather than hire the local catering company to cater the Contestant
Hospitality Tent, members of the Circular Club are considering
asking Shady's Bar-B-Q to cater the event in exchange for a $600
Major Sponsor spot. In addition, The Fun Shop, a local party supply
business, will be asked to donate a tent to use for the event. The Fun
Shop will also be given a $600 Major Sponsor spot. Several members
of the Club are opposed to this consideration, arguing that the two
Major Sponsor spots will take away from the money to be earned
through other sponsors. Adrian Stein has explained to the members
the Major Sponsor signs for the arena cost only $48 each. In addition,
there is more than enough room to display two additional sponsor
signs. What would you encourage the Club to do concerning the
Contestant Hospitality Tent? Would your answer be different if the
arena were limited in the number of additional signs that could be
displayed? What kind of cost would you consider in this situation that
would not be found on a financial statement?
· Assume you are elected chair of the rodeo committee for next year.
What steps would you suggest the committee take to make the rodeo
profitable?
Show your work in Microsoft®
Word or Excel®
.
Complete calculations/computations using Microsoft®
Word or
Excel®
.
***********************************

Acc 561 Exceptional Education / snaptutorial.com

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