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ACC 561 Assignment Week 1 Financial Statements (May 2019)
(Two Rivers Inc)
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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. Two-Rivers Inc. (TRI) manufactures a variety of
consumer products. The company's founders have run the company
for thirty years and are now interested in retiring. Consequently,
they are seeking a purchaser, and a group of investors is looking
into the acquisition of TRI. To evaluate its financial stability, TRI
was requested to provide its latest financial statements and selected
financial ratios. Summary information provided by TRI is
presented below. Required: a. Calculate the select financial ratios
for the fiscal year Year 2. (use MS word or excel but excel is more
recommended) b. Interpret what each of these financial ratios
means in terms of TRI's financial stability and operating efficiency.
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ACC 561 Discussion Costing Systems
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Product costing systems are methods used to manage inventories.
Accounting systems primarily engage one of three costing systems at
a time: job order costing, process-based costing, or activity-based
costing. Respond to the following in a minimum of 150 words: •
Briefly explain each of the three costing systems in accounting.
• Discuss the situations in which each system would be best
employed by a business.
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ACC 561 Discussion CVP Analysis
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Cost-volume-profit analysis, or CVP, is something companies use to
figure out how changes in costs and volume affect their operating
expenses and net income. In other words, CVP is a methodical
analysis of the dynamic inter-relationship between selling prices,
sales and production volume, cost expenses, and profits. Respond to
the following in a minimum of 150 words: • Explain each of the
three elements of CVP analysis. • Discuss how managers use
CVP analysis.
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ACC 561 Discussion Organizational Budgets
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Shrewdly designed budgets assist businesses leaders with awareness
of expenditures and managing resources. Businesses use a variety of
budgets to measure their spending and develop effective strategies
for maximizing their assets and revenues. Many types of
organizational budgets exist and each have different purposes,
strengths, and weaknesses. Respond to the following in a minimum
of 150 words: •Briefly discuss four types of organizational budgets.
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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) (New Syllabus) s
ACC 561 Week 1 Individual Assignment Financial Statements (Walt
Disney)
ACC 561 Week 2 Assignment Accounting Methods (Bizcon, 2
Papers)
ACC 561 Week 3 Assignment Ratio Analysis (P Jason, New
Syllabus)
ACC 561 Week 3 Team Financial Statement Analysis and Decision
Making Activity
ACC 561 Week 4 Assignment Production Cost (Davis Skaros, New
Syllabus)
ACC 561 Week 5 Team Cost Behavior Analysis

ACC 561 Week 5 Assignment Case Study Cost Volume Profit
Analysis (Mary Willis, New Syllabus)
ACC 561 Week 6 Assignment Managerial Analysis Assessment
(Green Pasture, New Syllabus)
ACC 561 Week 1 Financial Statement Differentiation Paper (New
Syllabus)
ACC 561 Week 2 Small Business Analysis (New Syllabus)
ACC 561 Week 3 Team Assignment Tootsie Roll Industries Inc.
Loan Package
ACC 561 Week 3 Business Plan Develop a business plan and
financial metrics
ACC 561 Week 4 Costing Methods ACC 561 Week 5 CVP and
Break-Even Analysis
ACC 561 Week 6 Budgets and Decisions making
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ACC 561 Entire Course (With Final Guide)
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Final Guide contains 23 Questions out of 30 (you can ask for free
help before opening the exam)
ACC 561 Final Exam Guide (New, 2017, 23 Questions)
Papers) (New Syllabus)

ACC 561 Week 1 Individual Assignment Financial Statements (Walt
Disney)
Papers)
Syllabus)
Making Activity
Syllabus)
ACC 561 Week 5 Team Cost Behavior Analysis
ACC 561 Week 5 Assignment Case Study Cost Volume Profit
Analysis (Mary Willis, New Syllabus)
ACC 561 Week 6 Assignment Managerial Analysis Assessment
(Green Pasture, New Syllabus)
Syllabus)
ACC 561 Week 2 Small Business Analysis (New Syllabus)
Loan Package
financial metrics
ACC 561 Week 4 Costing Methods
ACC 561 Week 5 CVP and Break-Even Analysis

ACC 561 Week 6 Budgets and Decisions making
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ACC 561 Final Exam Guide (New, 2019, Score 100%)
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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…………………………………………………………….2,00
0 $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
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Syllabus)
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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.
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Papers) (New Syllabus)
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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.
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ACC 561 Week 1 Individual Assignment Financial Statements
(Boeing)
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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
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
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Papers)
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This Tutorial contains 2 Papers Purpose of Assignment 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 Resources:
Generally Accepted Accounting Principles (GAAP), U.S. Securities
and Exchange Commission (SEC) Tutorial help on Excel® and
Office products. 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.
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ACC 561 Week 2 Individual Assignment Accounting and The
Regulatory Environment Presentation
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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. Format your assignment consistent with APA
guidelines. Click the Assignment Files tab to submit your
assignment.
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ACC 561 Week 2 Individual Assignment Accounting The
Regulatory Environment (2 Papers)
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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. Format your assignment consistent
with APA guidelines. Click the Assignment Files tab to submit your
assignment.
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ACC 561 Week 2 Small Business Analysis New Syllabus
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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. Format your paper consistent with APA guidelines and
submit your paper and plagiarism review file via the assignment
files tab.
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Syllabus)

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Purpose of Assignment 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 Resources: Generally Accepted Accounting Principles
(GAAP), U.S. 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 web
offering support for Office products. 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. Develop a
minimum 700-word examination of the financial statements and
include the following: • 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. Click the
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financial metrics
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This paper is available on request only, contact us at
uopashinfo@gmail.com 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 ? Format your paper consistent with APA guidelines and
submit your paper and plagiarism review file via the assignment
files tab.

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ACC 561 Week 3 Team Assignment Financial Statement Analysis (2
Set)
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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. Format the assignment consistent with
APA guidelines. Click the Assignment Files tab to submit your
assignment.
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ACC 561 Week 3 Team Assignment Financial Statement Analysis
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Learning Team members 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 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. Format the assignment consistent with APA
assignment
---------------------------------------------------------------------------------------
Loan Package
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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
assignment.
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Making Activity
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Week Three Learning Team Purpose of Assignment 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) 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 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.
Develop a minimum 525-word examination of the financial
statements and include the following: • 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®. 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. 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.
---------------------------------------------------------------------------------------
Syllabus)
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Week Four Purpose of Assignment 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 Resources: Generally Accepted Accounting
Principles (GAAP), U.S. 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 web offering support for Office products. 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. Format the assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
---------------------------------------------------------------------------------------
ACC 561 Week 4 Costing Methods
www.uopacc561.com
This paper is available on request only, contact us at
uopashinfo@gmail.com 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? Format your paper consistent with
APA guidelines and submit your paper and plagiarism review file
via the assignment files tab.
---------------------------------------------------------------------------------------
ACC 561 Week 4 Team Assignment Cost Accounting Systems (2
PPT)

www.uopacc561.com
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. Format the assignment consistent with APA
assignment.
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ACC 561 Week 5 Assignment Case Study CVP, Break-even, margin
of safety (Mary Willis, New Syllabus)
www.uopacc561.com

Week Five Individual Assignment Purpose of 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 Resources:
and Exchange Commission (SEC) Tutorial help on Excel® and
Office products. 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. Complete the
following: • 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. Show your work in Microsoft® Word or
Excel®. Complete calculations/computations using Microsoft®
Word or Excel®. Format your assignment consistent with APA
guidelines.
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ACC 561 Week 5 CVP and Break-Even Analysis (snapfitness)
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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.
---------------------------------------------------------------------------------------
ACC 561 Week 5 Individual Assignment Costing Methods Paper
(Exercise 19-17) (New)
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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 WileyPLUS Assignment Paper
Exercise 18-1 (New)

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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)
www.uopacc561.com
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. Format your

assignment consistent with APA guidelines. Click the Assignment
Files tab to submit your assignment.
---------------------------------------------------------------------------------------
ACC 561 Week 5 Team Cost Behavior Analysis (2 PPT)
www.uopacc561.com
This Tutorial contains 2 PPT of this Assignment Week Five
Learning Team Assignment Purpose of 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:
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 web offering support for Office
products. 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®. Format the assignment consistent with APA
guidelines.
-------------------------------------------------------------------------------------------

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