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Company: L3 Harris Technologies, Inc. Stock Symbol: LHX Open the link to the company's financial statements. The link is listed under the Resources heading (see
1. ACC 561 Apply Week 1 Financial Statement L3 Harris
Technologies, Inc (May 2020 Syllabus)
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Company: L3 Harris Technologies, Inc. Stock Symbol: LHX Open the link
to the company's financial statements. The link is listed under the
Resources heading (see below). Review the data included with the
income statement, balance sheet, and cash flow tabs. 1. Explain the
information provided by each financial statement and include specific
examples. 2. Review the accounting data and explain positive or
negative trends. How does this impact the business? 3. If you were an
investor which financial statement AND accounts would you review?
Why? 4. If you were a member of the management team which
financial statement AND accounts would you review? Why? Write a
paper between 1,000 to 1,700 words. Format your paper consistent
with APA guidelines. Deliverable: Paper (MS Word) Review your
Originality Report generated from SafeAssign. A new originality report
is created with each attempt. Your last attempt is used for grading. This
is the website for the assignment
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ACC 561 Week 2 Small business analysis (May 2020, New
Syllabus)
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2. You are interested in establishing a small business. Write a paper
between 1,000 and 1,500 words discussing your small-business idea.
Include the following: 1. Discuss your business and the product or
service your small business provides. 2. Identify which accounting
method (i.e. cash versus accrual) you plan to use for your business.
Why did you select this choice? 3. List six business transactions you
expect to incur with your company. State which accounts (from your
chart of accounts) are impacted. 4. Discuss how each business
transaction (see point 3) impacts your income statement, balance sheet
and statement of cash flow. 5. Select one organization type (sole
proprietorship, partnership, C-corporation, and S-corporation) for your
company and explain why you selected this option.
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ACC 561 Week 3 Ratio Analysis (BRIDGFORD) (May 2020
Syllabus)
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ACC/561: Accounting Financial Analysis: 1. Open the Excel spreadsheet
provided. Prepare a vertical analysis of Bridgford’s income statement.
Enter the percentages in columns C, E, G, I and K. For additional
information regarding vertical analysis, please review the following.
Vertical Analysis 2. Prepare a projected income statement assuming
sales increase by 3% in 2020 and 6% in 2021. 1. Average your vertical
analysis percentages for each income statement account and enter the
results in column L, rows 5 - 11. Example: Add columns C, E, G, I and K
and divide by 5. (64.07+60.58+63.17+67.57+67.34)/5=64.55%. Column
3. L, row 5 = 64.55%. 2. Enter your projected sales number in columns M
& N, row 4. 3. Columns M and N: Multiply projected sales by the
average percentage for each income statement account. 3. Ratio
Computations. Use Excel formulas to calculate financial ratios listed
with the income statement and balance sheet tabs. Calculate ratios for
seven years (i.e. 2015-2021). Do not prepare ratios that require data
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ACC 561 Week 4 Business Analysis Super bakery (May 2020
Syllabus)
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Read the case study provided and write a paper between 1,000 and
1,700 words addressing the following questions. 1. You are a recent
MBA graduate and were hired by the company as a business
consultant. Your objective is to identify areas for improvement. Present
three business recommendations to management and state how this
will impact the company's financial statements. 2. Why did company
management think it was necessary to install an ABC system? Do you
agree with their reasoning? Explain your answer. 3. Evaluate and
recommend changes to the organization’s cost drivers. State how this
influences cost accounting results and business decision capabilities. 4.
Is job order or process costing a viable option for the company. Why or
why not? Format your paper consistent with APA guidelines.
Deliverable: Paper (MS Word).
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4. ACC 561 Week 5 Cost analysis and Business Planning (Kosama)
(May 2020 Syllabus)
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Write a paper between 700 and 1,000 words addressing the following:
Part 1, Sections 1-2: Provide calculations and a solution for total
variable costs, break even in sales volume (number of members), break
even in sales (in dollars), and margin of safety. Part 1, Section 3:
Respond to the questions included with the case study. Part 1, Section
4: Assume you decide to invest in the franchise. Provide a description
and estimates in dollars for monthly sales, variable and fixed expenses.
Explain how you determined each number and provide a written list of
assumptions. A case study and instructions are provided during week
five. Case Study: In addition to regular gyms, nontraditional workout
concepts and centers such as Kosama are increasing in popularity.
Kosama is a franchise opportunity that offers members the opportunity
to improve their health and fitness level. To learn more about the
company visit kosama.com. Part 1, Section 1: Assume the following
revenue and cost break-down. Revenue: Monthly membership fee =
$28. Costs: -General fixed operating expenses = $3,975 per month. -
Equipment Lease = $410 per month. -Towel service = $.50 per member
based on volume. -Mixed costs are equal to $275 per/month (fixed)
plus $1.10 per membership sale (variable). -Total variable costs are not
known. -Estimated number of members required to break even is
between 255 and 275 members per month. Using the information
provided estimate the amount of variable costs. When performing your
analysis, assume that the only fixed costs are the estimated monthly
5. dollars have to be to achieve a target net income of $14,500 for the
month?
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ACC 561 Week 6 Budget Preparation And Variance Analysis
(May 2020 Syllabus)
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The purpose of this assignment is to evaluate and prepare a budget.
Resources: Excel File. Tutorials and links to Excel help files were
provided during week one of our class. Instructions: 1. Download the
Excel file provided. The file is available at the end of week five. 2. Read
the instructions tab. 3. Complete the Budget and Variance Analysis tab.
4. Submit the completed Excel file. Download the Excel file provided.
Your responsibility is to calculate prior year actual results and prepare a
flexible budget. Use prior year data to complete the 2018 variable
costing income statement. The flexible budget includes several changes
to the data. The changes are listed in the Excel file / Instructions Tab.
Excel: In order to minimize errors, improve accuracy, and increase
efficiency use formulas in all cells. If you need assistance with Excel
review the week one questions thread. Included therein are three
options to help you advance your Excel skills. Two links at the bottom
are titled “Formula Overview” and “Excel - Basic Math”. The third
option is Excel Essential Training (week one learning activities). The
tutorials will help you with, in part, formulas and spreadsheet format.
Video: In order to gain experience and insight please review the
following video. It is a simple presentation and will help everyone
6. develop a basic understanding of flexible budgets. The video was
created by a third party. There are additional videos included with the
Bing search as well. Flexible Budget Example Flexible Budget Guidance:
For additional information regarding flexible budgets please review the
following. What is a flexible budget? Based on the example, fixed
expenses do not change with volume. Contrary, variable expenses
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