SlideShare a Scribd company logo
CP1-2CP1-2 Finding Financial Information LO 1-1Refer to the
financial statements of Urban Outfitters in Appendix C at the
end of this book.Required:1. What is the amount of net income
for the most recent year?Net incomeThis information can be
found on the2. What amount of revenue was earned in the most
recent year?Net salesThis information can be found on the3.
How much inventory (in dollars) does the company have as of
January 31, 2012?InventoryThis information can be found on
the4. By what amount did cash and cash equivalents * change
during the most recent year?Cash and Cash EquivalentsbyThis
information can be found on the5. Who is the auditor for the
company?* Cash equivalents are short-term investments readily
convertible to cash whose value is unlikely to change.
Check FiguresCP 1-2 Finding Financial
InformationRequirement 2: Net Sales = $2,473,801,000.
Sheet2list1list2name new listFinancial StatementsAccounts
payableNet incomePretax incomeAuditor's
ReportincreasedCashNet lossPretax lossBalance
SheetdecreasedCommon stockIncome StatementEquipmentAdd:
Net IncomeNotes to Financial StatementsIncome tax
expenseAdd: Net lossStatement of Cash FlowsIncome taxes
payableLess: Net incomeStatement of Shareholders'
EquityInterest payableLess: Net lossInventory of
merchandiseInvestmentsAdd: DividendsLong-term debtLess:
DividendsNote payableReceivables from customersRetained
earningsSalary payableStock issuanceTotal expensesTotal sales
revenue
P1-1P1-1 Preparing an Income Statement, Statement of
Stockholders Equity, and Balance Sheet LO1-1Assume that you
are the president of Highlight Construction Company. At the
end of the first year (December 31, 2014) of operations, the
following financial data for the company are
available: Cash$25,600 Receivables from customers (all
considered collectible)10,800 Inventory of merchandise (based
on physical count and priced at cost)81,000 Equipment owned,
at cost less used portion42,000 Accounts payable owed to
suppliers46,140 Salary payable for 2014 (on December 31,
2014, this was owed to an employee2,520 who was away
because of an emergency; will return around January 10,
2015, at which time the payment will be made) Total sales
revenue128,400 Expenses, including the cost of the
merchandise sold (excluding income taxes)80,200 Income taxes
expense at 30% × pretax income; all paid during 2014?
Common stock (December 31, 2014)87,000 Dividends
declared and paid during 201410,000(Note: The beginning
balances in Common stock and Retained earnings are zero
because it is the first year of operations.)Required:1. Prepare a
summarized income statement for the year 2014.HIGHLIGHT
CONSTRUCTION COMPANYIncome StatementFor the Year
Ended December 31, 20142. Prepare a statement of
stockholders' equity for the year 2014HIGHLIGHT
CONSTRUCTION COMPANYStatement of Stockholders’
EquityFor the Year Ended December 31, 2014Common
StockRetained EarningsBalance December 31, 2013Balance
December 31, 20143. Prepare a balance sheet at December 31,
2014.HIGHLIGHT CONSTRUCTION COMPANYBalance
SheetAt December 31, 2014AssetsTotal assets$ -
LiabilitiesTotal liabilities$ -Stockholders' EquityTotal
stockholders' equity$ -Total liabilities and stockholders'
equity$ -
Check FiguresP1-1 Preparing an Income Statement, Statement
of Stockholders Equity, and Balance Sheet LO1-1Assume that
you are the president of Highlight Construction Company. At
the end of the first year (December 31, 2014) of operations, the
following financial data for the company are
available: Cash$25,600 Receivables from customers (all
considered collectible)10,800 Inventory of merchandise (based
on physical count and priced at cost)81,000 Equipment owned,
at cost less used portion42,000 Accounts payable owed to
suppliers46,140 Salary payable for 2014 (on December 31,
2014, this was owed to an employee2,520 who was away
because of an emergency; will return around January 10,
2015, at which time the payment will be made) Total sales
revenue128,400 Expenses, including the cost of the
merchandise sold (excluding income taxes)80,200 Income taxes
expense at 30% × pretax income; all paid during 2014?
Common stock (December 31, 2014)87,000 Dividends
declared and paid during 201410,000(Note: The beginning
balances in Common stock and Retained earnings are zero
because it is the first year of operations.)Required:1. Prepare a
summarized income statement for the year 2014.HIGHLIGHT
CONSTRUCTION COMPANYIncome StatementFor the Year
Ended December 31, 2014Net income$33,7402. Prepare a
statement of stockholders' equity for the year 2014HIGHLIGHT
CONSTRUCTION COMPANYStatement of Stockholders’
EquityFor the Year Ended December 31, 2014Common
StockRetained EarningsBalance December 31, 2013Balance
December 31, 20143. Prepare a balance sheet at December 31,
2014.HIGHLIGHT CONSTRUCTION COMPANYBalance
SheetAt December 31, 2014AssetsTotal assets$
159,400LiabilitiesTotal liabilities$ -Stockholders' EquityTotal
stockholders' equity$ -Total liabilities and stockholders'
equity$ -
Sheet2list1list2name new listFinancial StatementsAccounts
payableNet incomePretax incomeAuditor's
ReportincreasedCashNet lossPretax lossBalance
SheetdecreasedCommon stockIncome StatementEquipmentAdd:
Net IncomeNotes to Financial StatementsIncome tax
expenseAdd: Net lossStatement of Cash FlowsIncome taxes
payableLess: Net incomeStatement of Shareholders'
EquityInterest payableLess: Net lossInventory of
merchandiseInvestmentsAdd: DividendsLong-term debtLess:
DividendsNote payableReceivables from customersRetained
earningsSalary payableStock issuanceTotal expensesTotal sales
revenue
MBA6014 Course Alignment Map
Financial Accounting
• Program Overview
• MBA6014 Diagram
• MBA6014 Outline
ASSIGNMENTS
1. Unit 1: Financial Statement Overview
2. Unit 1: The Effects of Transactions in T-Accounts
3. Unit 2: Financial Performance Analysis
4. Unit 2: Adjusting Entries
5. Unit 3: Classified Balance Sheet
6. Unit 3: Bank Reconciliation and Journal Entries
7. Unit 3: Internal Controls
8. Unit 4: Inventory Analysis
9. Unit 4: Property, Plant, and Equipment Analysis
10. Unit 4: Inventory Valuation Methods and Ethical
Considerations
11. Unit 5: Current Liabilities and Cash Flow
12. Unit 5: Stockholders Equity
13. Unit 6: Bond Reporting
14. Unit 6: Statement of Cash Flows
MBA Central | Credits
© 2018 Capella University. All Rights Reserved.
Page 1 of 1Course Design Map: Course Map
4/9/2018http://media.capella.edu/CourseMedia/MBA6014/Cours
eAlignmentMap/coursemap.html
MBA6014 Course Alignment Map
Financial Accounting
• Program Overview
• MBA6014 Diagram
• MBA6014 Outline
MBA Program Overview
The Capella MBA program is designed to help you develop as a
practitioner-scholar to meet the needs
and future challenges of your current or desired profession. To
ensure that your coursework helps you
develop the knowledge, skills, and values necessary for your
personal, professional, and academic
goals, the Capella MBA program is based on a set of outcomes
and competencies grounded in
foundational knowledge needed as an MBA leader and
developed with input from both the
practitioner and scholarly perspectives. The information within
these pages helps you to gain a clearer
understanding of:
• Why you're taking the course.
• What you can expect to learn in the course.
• How the course applies to your program.
• How the information presented is relevant.
Listed below are your MBA Program Outcomes. Click each one
to see a description of the skills,
knowledge, and experiences you will work to complete
throughout your program.
Click the Diagram and Outline tabs above to see how your
MBA6014 activities align to your course
competencies and overall program outcomes.
Program Outcome 1 Apply foundational knowledge and an
understanding of business systems,
processes, and technology within and across core disciplines.
Program Outcome 2 Integrate information across disciplines and
from differing perspectives.
Program Outcome 3 Think critically and analytically to provide
evidence-based solutions to
business challenges and opportunities.
Program Outcome 4 Apply innovative, strategic, and sustainable
approaches to business
practice and planning.
Program Outcome 5 Lead and collaborate in virtual, global and
culturally diverse
environments.
Program Outcome 6 Integrate principles of ethics and integrity
into business decisions.
Page 1 of 2Course Design Map: Course Map
4/9/2018http://media.capella.edu/CourseMedia/MBA6014/Cours
eAlignmentMap/wrapper.html
Program Outcome 7 Communicate clearly and effectively in a
business environment.
MBA Central | Credits
© 2018 Capella University. All Rights Reserved.
Page 2 of 2Course Design Map: Course Map
4/9/2018http://media.capella.edu/CourseMedia/MBA6014/Cours
eAlignmentMap/wrapper.html
Financial Statement Overview Scoring Guide
Due Date: End of Unit 1.
Percentage of Course Grade: 5%.
CRITERIA NON-PERFORMANCE BASIC PROFICIENT
DISTINGUISHED
Prepare an income
statement for a
company.
22%
Does not prepare an
income statement for
a company.
Prepares a partial
income statement
for a company.
Prepares an income
statement for a
company.
Prepares an income
statement for a company
using the appropriate
financial data and
computations.
Prepare a statement
of stockholders'
equity for a
company.
23%
Does not prepare a
statement of
stockholders' equity
for a company.
Prepares a partial
statement of
stockholders' equity
for a company.
Prepares a
statement of
stockholders' equity
for a company.
Prepares a statement of
stockholders' equity for a
company using the
correct financial data and
computations.
Prepare a balance
sheet for a
company.
22%
Does not prepare a
balance sheet for a
company.
Prepares a partial
balance sheet for a
company.
Prepares a balance
sheet for a company.
Prepares a balance sheet
for a company using the
correct financial data and
computations.
Identify financial
information for a
company.
23%
Does not identify
financial information
for a company.
Identifies some of
the financial
information for a
company.
Identifies financial
information for a
company.
Identifies financial
information for a company
using the correct financial
data and computations.
Communicate in a
manner that is
professional and
consistent with
expectations for
members of the
business
professions.
10%
Communicates in a
manner that is not
professional or
consistent with
expectations for
members of the
business
professions.
Communicates in a
manner that is
inconsistent with
expectations for
members of the
business
professions.
Communicates in a
manner that is
professional and
consistent with
expectations for
members of the
business
professions.
Communicates in a
manner that is
professional, scholarly,
and consistent with
expectations for members
of the business
professions, and adheres
to APA guidelines,
creating work appropriate
for publication.
Page 1 of 1Financial Statement Overview Scoring Guide
4/9/2018https://courserooma.capella.edu/bbcswebdav/institution
/MBA/MBA6014/180100/Scoring_Guides/...

More Related Content

Similar to CP1-2CP1-2 Finding Financial Information LO 1-1Refer to the financ.docx

Twitter report
Twitter reportTwitter report
Twitter report
ntrunghieu83
 
Twitter report
Twitter reportTwitter report
Twitter report
ntrunghieu83
 
Budgeting & Forecasting for High Growth Companies (Updated!)
Budgeting & Forecasting for High Growth Companies (Updated!)Budgeting & Forecasting for High Growth Companies (Updated!)
Budgeting & Forecasting for High Growth Companies (Updated!)
Chris Arndt
 
Nord anglia education 2 qfy2014 presentation vfinal
Nord anglia education   2 qfy2014 presentation vfinalNord anglia education   2 qfy2014 presentation vfinal
Nord anglia education 2 qfy2014 presentation vfinalnordangliair
 
Acc 491
Acc 491Acc 491
Acc 491
Amber Wheeler
 
DHL_CSI_Stevie_Awards_Best_use_of_Technology_in_Sales
DHL_CSI_Stevie_Awards_Best_use_of_Technology_in_SalesDHL_CSI_Stevie_Awards_Best_use_of_Technology_in_Sales
DHL_CSI_Stevie_Awards_Best_use_of_Technology_in_SalesAlexey Leyman, MBA, PMP
 
Trends and local challenges in Project Management
Trends and local challenges in Project ManagementTrends and local challenges in Project Management
Trends and local challenges in Project Management
PMILebanonChapter
 
Trends and local challenges
Trends and local challengesTrends and local challenges
Trends and local challenges
PMILebanonChapter
 
Fiscal planning
Fiscal planningFiscal planning
Fiscal planning
Sanil Varghese
 
Complete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial do.docxComplete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial do.docx
sheenaat5wa
 
1 ACC 202 Final Project Guidelines and Rubric Ove.docx
1 ACC 202 Final Project Guidelines and Rubric  Ove.docx1 ACC 202 Final Project Guidelines and Rubric  Ove.docx
1 ACC 202 Final Project Guidelines and Rubric Ove.docx
honey725342
 
MenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docx
MenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docxMenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docx
MenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docx
roushhsiu
 
Assignment Front Sheet Qualification Unit Number And Title
Assignment Front Sheet Qualification Unit Number And TitleAssignment Front Sheet Qualification Unit Number And Title
Assignment Front Sheet Qualification Unit Number And Title
Aaron Anyaakuu
 
Fforde Mukoro CV16 A
Fforde Mukoro CV16 AFforde Mukoro CV16 A
Fforde Mukoro CV16 AForde Mukoro
 
Credit Analyst / Accountant c.v
Credit Analyst / Accountant c.v  Credit Analyst / Accountant c.v
Credit Analyst / Accountant c.v
Muhammad Irfan Sarwar
 
The latest end-of-year accounting & reporting features in AppFolio
The latest end-of-year accounting & reporting features in AppFolioThe latest end-of-year accounting & reporting features in AppFolio
The latest end-of-year accounting & reporting features in AppFolio
AppFolio
 
Q4 2014 earnings call presentation final 11.19.14
Q4 2014 earnings call presentation final 11.19.14Q4 2014 earnings call presentation final 11.19.14
Q4 2014 earnings call presentation final 11.19.14
Hillenbrand_IR
 
workday-fiscal-2023-first-quarter-investor-presentation.pdf
workday-fiscal-2023-first-quarter-investor-presentation.pdfworkday-fiscal-2023-first-quarter-investor-presentation.pdf
workday-fiscal-2023-first-quarter-investor-presentation.pdf
CharlesSantos684817
 

Similar to CP1-2CP1-2 Finding Financial Information LO 1-1Refer to the financ.docx (20)

Twitter report
Twitter reportTwitter report
Twitter report
 
Twitter report
Twitter reportTwitter report
Twitter report
 
Budgeting & Forecasting for High Growth Companies (Updated!)
Budgeting & Forecasting for High Growth Companies (Updated!)Budgeting & Forecasting for High Growth Companies (Updated!)
Budgeting & Forecasting for High Growth Companies (Updated!)
 
Nord anglia education 2 qfy2014 presentation vfinal
Nord anglia education   2 qfy2014 presentation vfinalNord anglia education   2 qfy2014 presentation vfinal
Nord anglia education 2 qfy2014 presentation vfinal
 
Acc 491
Acc 491Acc 491
Acc 491
 
DHL_CSI_Stevie_Awards_Best_use_of_Technology_in_Sales
DHL_CSI_Stevie_Awards_Best_use_of_Technology_in_SalesDHL_CSI_Stevie_Awards_Best_use_of_Technology_in_Sales
DHL_CSI_Stevie_Awards_Best_use_of_Technology_in_Sales
 
Trends and local challenges in Project Management
Trends and local challenges in Project ManagementTrends and local challenges in Project Management
Trends and local challenges in Project Management
 
Trends and local challenges
Trends and local challengesTrends and local challenges
Trends and local challenges
 
Fiscal planning
Fiscal planningFiscal planning
Fiscal planning
 
Complete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial do.docxComplete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial do.docx
 
1 ACC 202 Final Project Guidelines and Rubric Ove.docx
1 ACC 202 Final Project Guidelines and Rubric  Ove.docx1 ACC 202 Final Project Guidelines and Rubric  Ove.docx
1 ACC 202 Final Project Guidelines and Rubric Ove.docx
 
MenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docx
MenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docxMenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docx
MenuACCT 212 Course ProjectRequirementRequirement DescriptionWork.docx
 
Assignment Front Sheet Qualification Unit Number And Title
Assignment Front Sheet Qualification Unit Number And TitleAssignment Front Sheet Qualification Unit Number And Title
Assignment Front Sheet Qualification Unit Number And Title
 
Fforde Mukoro CV16 A
Fforde Mukoro CV16 AFforde Mukoro CV16 A
Fforde Mukoro CV16 A
 
Credit Analyst / Accountant c.v
Credit Analyst / Accountant c.v  Credit Analyst / Accountant c.v
Credit Analyst / Accountant c.v
 
The latest end-of-year accounting & reporting features in AppFolio
The latest end-of-year accounting & reporting features in AppFolioThe latest end-of-year accounting & reporting features in AppFolio
The latest end-of-year accounting & reporting features in AppFolio
 
Resume - Mohammed Owais Manorwala
Resume - Mohammed Owais ManorwalaResume - Mohammed Owais Manorwala
Resume - Mohammed Owais Manorwala
 
Q4 2014 earnings call presentation final 11.19.14
Q4 2014 earnings call presentation final 11.19.14Q4 2014 earnings call presentation final 11.19.14
Q4 2014 earnings call presentation final 11.19.14
 
workday-fiscal-2023-first-quarter-investor-presentation.pdf
workday-fiscal-2023-first-quarter-investor-presentation.pdfworkday-fiscal-2023-first-quarter-investor-presentation.pdf
workday-fiscal-2023-first-quarter-investor-presentation.pdf
 
Mazhar_CV1
Mazhar_CV1Mazhar_CV1
Mazhar_CV1
 

More from vanesaburnand

InstructionsYou are to create YOUR OWN example of each of t.docx
InstructionsYou are to create YOUR OWN example of each of t.docxInstructionsYou are to create YOUR OWN example of each of t.docx
InstructionsYou are to create YOUR OWN example of each of t.docx
vanesaburnand
 
InstructionsYou are a research group from BSocialMarketing, LLC.docx
InstructionsYou are a research group from BSocialMarketing, LLC.docxInstructionsYou are a research group from BSocialMarketing, LLC.docx
InstructionsYou are a research group from BSocialMarketing, LLC.docx
vanesaburnand
 
InstructionsYou are attending an international journalist event.docx
InstructionsYou are attending an international journalist event.docxInstructionsYou are attending an international journalist event.docx
InstructionsYou are attending an international journalist event.docx
vanesaburnand
 
InstructionsWrite the Organizational section of your project pap.docx
InstructionsWrite the Organizational section of your project pap.docxInstructionsWrite the Organizational section of your project pap.docx
InstructionsWrite the Organizational section of your project pap.docx
vanesaburnand
 
InstructionsWrite a two-page (double spaced, Times New Roman S.docx
InstructionsWrite a two-page (double spaced, Times New Roman S.docxInstructionsWrite a two-page (double spaced, Times New Roman S.docx
InstructionsWrite a two-page (double spaced, Times New Roman S.docx
vanesaburnand
 
InstructionsWrite a thesis statement in response to the topi.docx
InstructionsWrite a thesis statement in response to the topi.docxInstructionsWrite a thesis statement in response to the topi.docx
InstructionsWrite a thesis statement in response to the topi.docx
vanesaburnand
 
InstructionsWhat You will choose a current issue of social.docx
InstructionsWhat You will choose a current issue of social.docxInstructionsWhat You will choose a current issue of social.docx
InstructionsWhat You will choose a current issue of social.docx
vanesaburnand
 
InstructionsWrite a paper about the International Monetary Syste.docx
InstructionsWrite a paper about the International Monetary Syste.docxInstructionsWrite a paper about the International Monetary Syste.docx
InstructionsWrite a paper about the International Monetary Syste.docx
vanesaburnand
 
InstructionsWrite a comprehensive medical report on a disease we.docx
InstructionsWrite a comprehensive medical report on a disease we.docxInstructionsWrite a comprehensive medical report on a disease we.docx
InstructionsWrite a comprehensive medical report on a disease we.docx
vanesaburnand
 
InstructionsWhether you believe” in evolution or not, why is it.docx
InstructionsWhether you believe” in evolution or not, why is it.docxInstructionsWhether you believe” in evolution or not, why is it.docx
InstructionsWhether you believe” in evolution or not, why is it.docx
vanesaburnand
 
InstructionsWe have been looking at different psychological .docx
InstructionsWe have been looking at different psychological .docxInstructionsWe have been looking at different psychological .docx
InstructionsWe have been looking at different psychological .docx
vanesaburnand
 
InstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docx
InstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docxInstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docx
InstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docx
vanesaburnand
 
InstructionsThis written assignment requires the student to inve.docx
InstructionsThis written assignment requires the student to inve.docxInstructionsThis written assignment requires the student to inve.docx
InstructionsThis written assignment requires the student to inve.docx
vanesaburnand
 
InstructionsThe Art Form Most Meaningful to MePick the form .docx
InstructionsThe Art Form Most Meaningful to MePick the form .docxInstructionsThe Art Form Most Meaningful to MePick the form .docx
InstructionsThe Art Form Most Meaningful to MePick the form .docx
vanesaburnand
 
InstructionsThink of a specific topic and two specific kin.docx
InstructionsThink of a specific topic and two specific kin.docxInstructionsThink of a specific topic and two specific kin.docx
InstructionsThink of a specific topic and two specific kin.docx
vanesaburnand
 
InstructionsThere are different approaches to gathering risk da.docx
InstructionsThere are different approaches to gathering risk da.docxInstructionsThere are different approaches to gathering risk da.docx
InstructionsThere are different approaches to gathering risk da.docx
vanesaburnand
 
InstructionsThe  Public Archaeology Presentation invites you.docx
InstructionsThe  Public Archaeology Presentation invites you.docxInstructionsThe  Public Archaeology Presentation invites you.docx
InstructionsThe  Public Archaeology Presentation invites you.docx
vanesaburnand
 
InstructionsThe tools of formal analysis are the starting point .docx
InstructionsThe tools of formal analysis are the starting point .docxInstructionsThe tools of formal analysis are the starting point .docx
InstructionsThe tools of formal analysis are the starting point .docx
vanesaburnand
 
InstructionsThe Homeland Security (DHS) agency is intended t.docx
InstructionsThe Homeland Security (DHS) agency is intended t.docxInstructionsThe Homeland Security (DHS) agency is intended t.docx
InstructionsThe Homeland Security (DHS) agency is intended t.docx
vanesaburnand
 
InstructionsThe student should describe how learning abou.docx
InstructionsThe student should describe how learning abou.docxInstructionsThe student should describe how learning abou.docx
InstructionsThe student should describe how learning abou.docx
vanesaburnand
 

More from vanesaburnand (20)

InstructionsYou are to create YOUR OWN example of each of t.docx
InstructionsYou are to create YOUR OWN example of each of t.docxInstructionsYou are to create YOUR OWN example of each of t.docx
InstructionsYou are to create YOUR OWN example of each of t.docx
 
InstructionsYou are a research group from BSocialMarketing, LLC.docx
InstructionsYou are a research group from BSocialMarketing, LLC.docxInstructionsYou are a research group from BSocialMarketing, LLC.docx
InstructionsYou are a research group from BSocialMarketing, LLC.docx
 
InstructionsYou are attending an international journalist event.docx
InstructionsYou are attending an international journalist event.docxInstructionsYou are attending an international journalist event.docx
InstructionsYou are attending an international journalist event.docx
 
InstructionsWrite the Organizational section of your project pap.docx
InstructionsWrite the Organizational section of your project pap.docxInstructionsWrite the Organizational section of your project pap.docx
InstructionsWrite the Organizational section of your project pap.docx
 
InstructionsWrite a two-page (double spaced, Times New Roman S.docx
InstructionsWrite a two-page (double spaced, Times New Roman S.docxInstructionsWrite a two-page (double spaced, Times New Roman S.docx
InstructionsWrite a two-page (double spaced, Times New Roman S.docx
 
InstructionsWrite a thesis statement in response to the topi.docx
InstructionsWrite a thesis statement in response to the topi.docxInstructionsWrite a thesis statement in response to the topi.docx
InstructionsWrite a thesis statement in response to the topi.docx
 
InstructionsWhat You will choose a current issue of social.docx
InstructionsWhat You will choose a current issue of social.docxInstructionsWhat You will choose a current issue of social.docx
InstructionsWhat You will choose a current issue of social.docx
 
InstructionsWrite a paper about the International Monetary Syste.docx
InstructionsWrite a paper about the International Monetary Syste.docxInstructionsWrite a paper about the International Monetary Syste.docx
InstructionsWrite a paper about the International Monetary Syste.docx
 
InstructionsWrite a comprehensive medical report on a disease we.docx
InstructionsWrite a comprehensive medical report on a disease we.docxInstructionsWrite a comprehensive medical report on a disease we.docx
InstructionsWrite a comprehensive medical report on a disease we.docx
 
InstructionsWhether you believe” in evolution or not, why is it.docx
InstructionsWhether you believe” in evolution or not, why is it.docxInstructionsWhether you believe” in evolution or not, why is it.docx
InstructionsWhether you believe” in evolution or not, why is it.docx
 
InstructionsWe have been looking at different psychological .docx
InstructionsWe have been looking at different psychological .docxInstructionsWe have been looking at different psychological .docx
InstructionsWe have been looking at different psychological .docx
 
InstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docx
InstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docxInstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docx
InstructionsTITLEF14-2Beginning an 8-column work sheet for a merch.docx
 
InstructionsThis written assignment requires the student to inve.docx
InstructionsThis written assignment requires the student to inve.docxInstructionsThis written assignment requires the student to inve.docx
InstructionsThis written assignment requires the student to inve.docx
 
InstructionsThe Art Form Most Meaningful to MePick the form .docx
InstructionsThe Art Form Most Meaningful to MePick the form .docxInstructionsThe Art Form Most Meaningful to MePick the form .docx
InstructionsThe Art Form Most Meaningful to MePick the form .docx
 
InstructionsThink of a specific topic and two specific kin.docx
InstructionsThink of a specific topic and two specific kin.docxInstructionsThink of a specific topic and two specific kin.docx
InstructionsThink of a specific topic and two specific kin.docx
 
InstructionsThere are different approaches to gathering risk da.docx
InstructionsThere are different approaches to gathering risk da.docxInstructionsThere are different approaches to gathering risk da.docx
InstructionsThere are different approaches to gathering risk da.docx
 
InstructionsThe  Public Archaeology Presentation invites you.docx
InstructionsThe  Public Archaeology Presentation invites you.docxInstructionsThe  Public Archaeology Presentation invites you.docx
InstructionsThe  Public Archaeology Presentation invites you.docx
 
InstructionsThe tools of formal analysis are the starting point .docx
InstructionsThe tools of formal analysis are the starting point .docxInstructionsThe tools of formal analysis are the starting point .docx
InstructionsThe tools of formal analysis are the starting point .docx
 
InstructionsThe Homeland Security (DHS) agency is intended t.docx
InstructionsThe Homeland Security (DHS) agency is intended t.docxInstructionsThe Homeland Security (DHS) agency is intended t.docx
InstructionsThe Homeland Security (DHS) agency is intended t.docx
 
InstructionsThe student should describe how learning abou.docx
InstructionsThe student should describe how learning abou.docxInstructionsThe student should describe how learning abou.docx
InstructionsThe student should describe how learning abou.docx
 

Recently uploaded

Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
beazzy04
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
Jheel Barad
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
Celine George
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
Celine George
 
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
Fundacja Rozwoju Społeczeństwa Przedsiębiorczego
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
Excellence Foundation for South Sudan
 

Recently uploaded (20)

Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 

CP1-2CP1-2 Finding Financial Information LO 1-1Refer to the financ.docx

  • 1. CP1-2CP1-2 Finding Financial Information LO 1-1Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book.Required:1. What is the amount of net income for the most recent year?Net incomeThis information can be found on the2. What amount of revenue was earned in the most recent year?Net salesThis information can be found on the3. How much inventory (in dollars) does the company have as of January 31, 2012?InventoryThis information can be found on the4. By what amount did cash and cash equivalents * change during the most recent year?Cash and Cash EquivalentsbyThis information can be found on the5. Who is the auditor for the company?* Cash equivalents are short-term investments readily convertible to cash whose value is unlikely to change. Check FiguresCP 1-2 Finding Financial InformationRequirement 2: Net Sales = $2,473,801,000. Sheet2list1list2name new listFinancial StatementsAccounts payableNet incomePretax incomeAuditor's ReportincreasedCashNet lossPretax lossBalance SheetdecreasedCommon stockIncome StatementEquipmentAdd: Net IncomeNotes to Financial StatementsIncome tax expenseAdd: Net lossStatement of Cash FlowsIncome taxes payableLess: Net incomeStatement of Shareholders' EquityInterest payableLess: Net lossInventory of merchandiseInvestmentsAdd: DividendsLong-term debtLess: DividendsNote payableReceivables from customersRetained earningsSalary payableStock issuanceTotal expensesTotal sales revenue P1-1P1-1 Preparing an Income Statement, Statement of Stockholders Equity, and Balance Sheet LO1-1Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financial data for the company are available: Cash$25,600 Receivables from customers (all
  • 2. considered collectible)10,800 Inventory of merchandise (based on physical count and priced at cost)81,000 Equipment owned, at cost less used portion42,000 Accounts payable owed to suppliers46,140 Salary payable for 2014 (on December 31, 2014, this was owed to an employee2,520 who was away because of an emergency; will return around January 10, 2015, at which time the payment will be made) Total sales revenue128,400 Expenses, including the cost of the merchandise sold (excluding income taxes)80,200 Income taxes expense at 30% × pretax income; all paid during 2014? Common stock (December 31, 2014)87,000 Dividends declared and paid during 201410,000(Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.)Required:1. Prepare a summarized income statement for the year 2014.HIGHLIGHT CONSTRUCTION COMPANYIncome StatementFor the Year Ended December 31, 20142. Prepare a statement of stockholders' equity for the year 2014HIGHLIGHT CONSTRUCTION COMPANYStatement of Stockholders’ EquityFor the Year Ended December 31, 2014Common StockRetained EarningsBalance December 31, 2013Balance December 31, 20143. Prepare a balance sheet at December 31, 2014.HIGHLIGHT CONSTRUCTION COMPANYBalance SheetAt December 31, 2014AssetsTotal assets$ - LiabilitiesTotal liabilities$ -Stockholders' EquityTotal stockholders' equity$ -Total liabilities and stockholders' equity$ - Check FiguresP1-1 Preparing an Income Statement, Statement of Stockholders Equity, and Balance Sheet LO1-1Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financial data for the company are available: Cash$25,600 Receivables from customers (all considered collectible)10,800 Inventory of merchandise (based on physical count and priced at cost)81,000 Equipment owned, at cost less used portion42,000 Accounts payable owed to
  • 3. suppliers46,140 Salary payable for 2014 (on December 31, 2014, this was owed to an employee2,520 who was away because of an emergency; will return around January 10, 2015, at which time the payment will be made) Total sales revenue128,400 Expenses, including the cost of the merchandise sold (excluding income taxes)80,200 Income taxes expense at 30% × pretax income; all paid during 2014? Common stock (December 31, 2014)87,000 Dividends declared and paid during 201410,000(Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.)Required:1. Prepare a summarized income statement for the year 2014.HIGHLIGHT CONSTRUCTION COMPANYIncome StatementFor the Year Ended December 31, 2014Net income$33,7402. Prepare a statement of stockholders' equity for the year 2014HIGHLIGHT CONSTRUCTION COMPANYStatement of Stockholders’ EquityFor the Year Ended December 31, 2014Common StockRetained EarningsBalance December 31, 2013Balance December 31, 20143. Prepare a balance sheet at December 31, 2014.HIGHLIGHT CONSTRUCTION COMPANYBalance SheetAt December 31, 2014AssetsTotal assets$ 159,400LiabilitiesTotal liabilities$ -Stockholders' EquityTotal stockholders' equity$ -Total liabilities and stockholders' equity$ - Sheet2list1list2name new listFinancial StatementsAccounts payableNet incomePretax incomeAuditor's ReportincreasedCashNet lossPretax lossBalance SheetdecreasedCommon stockIncome StatementEquipmentAdd: Net IncomeNotes to Financial StatementsIncome tax expenseAdd: Net lossStatement of Cash FlowsIncome taxes payableLess: Net incomeStatement of Shareholders' EquityInterest payableLess: Net lossInventory of merchandiseInvestmentsAdd: DividendsLong-term debtLess: DividendsNote payableReceivables from customersRetained earningsSalary payableStock issuanceTotal expensesTotal sales revenue
  • 4. MBA6014 Course Alignment Map Financial Accounting • Program Overview • MBA6014 Diagram • MBA6014 Outline ASSIGNMENTS 1. Unit 1: Financial Statement Overview 2. Unit 1: The Effects of Transactions in T-Accounts 3. Unit 2: Financial Performance Analysis 4. Unit 2: Adjusting Entries 5. Unit 3: Classified Balance Sheet 6. Unit 3: Bank Reconciliation and Journal Entries 7. Unit 3: Internal Controls 8. Unit 4: Inventory Analysis 9. Unit 4: Property, Plant, and Equipment Analysis 10. Unit 4: Inventory Valuation Methods and Ethical Considerations 11. Unit 5: Current Liabilities and Cash Flow 12. Unit 5: Stockholders Equity 13. Unit 6: Bond Reporting 14. Unit 6: Statement of Cash Flows MBA Central | Credits © 2018 Capella University. All Rights Reserved. Page 1 of 1Course Design Map: Course Map 4/9/2018http://media.capella.edu/CourseMedia/MBA6014/Cours eAlignmentMap/coursemap.html
  • 5. MBA6014 Course Alignment Map Financial Accounting • Program Overview • MBA6014 Diagram • MBA6014 Outline MBA Program Overview The Capella MBA program is designed to help you develop as a practitioner-scholar to meet the needs and future challenges of your current or desired profession. To ensure that your coursework helps you develop the knowledge, skills, and values necessary for your personal, professional, and academic goals, the Capella MBA program is based on a set of outcomes and competencies grounded in foundational knowledge needed as an MBA leader and developed with input from both the practitioner and scholarly perspectives. The information within these pages helps you to gain a clearer understanding of: • Why you're taking the course. • What you can expect to learn in the course. • How the course applies to your program. • How the information presented is relevant. Listed below are your MBA Program Outcomes. Click each one to see a description of the skills, knowledge, and experiences you will work to complete throughout your program.
  • 6. Click the Diagram and Outline tabs above to see how your MBA6014 activities align to your course competencies and overall program outcomes. Program Outcome 1 Apply foundational knowledge and an understanding of business systems, processes, and technology within and across core disciplines. Program Outcome 2 Integrate information across disciplines and from differing perspectives. Program Outcome 3 Think critically and analytically to provide evidence-based solutions to business challenges and opportunities. Program Outcome 4 Apply innovative, strategic, and sustainable approaches to business practice and planning. Program Outcome 5 Lead and collaborate in virtual, global and culturally diverse environments. Program Outcome 6 Integrate principles of ethics and integrity into business decisions. Page 1 of 2Course Design Map: Course Map 4/9/2018http://media.capella.edu/CourseMedia/MBA6014/Cours eAlignmentMap/wrapper.html Program Outcome 7 Communicate clearly and effectively in a business environment.
  • 7. MBA Central | Credits © 2018 Capella University. All Rights Reserved. Page 2 of 2Course Design Map: Course Map 4/9/2018http://media.capella.edu/CourseMedia/MBA6014/Cours eAlignmentMap/wrapper.html Financial Statement Overview Scoring Guide Due Date: End of Unit 1. Percentage of Course Grade: 5%. CRITERIA NON-PERFORMANCE BASIC PROFICIENT DISTINGUISHED Prepare an income statement for a company. 22% Does not prepare an income statement for a company. Prepares a partial income statement for a company. Prepares an income statement for a company.
  • 8. Prepares an income statement for a company using the appropriate financial data and computations. Prepare a statement of stockholders' equity for a company. 23% Does not prepare a statement of stockholders' equity for a company. Prepares a partial statement of stockholders' equity for a company. Prepares a statement of stockholders' equity for a company. Prepares a statement of stockholders' equity for a company using the correct financial data and computations. Prepare a balance sheet for a
  • 9. company. 22% Does not prepare a balance sheet for a company. Prepares a partial balance sheet for a company. Prepares a balance sheet for a company. Prepares a balance sheet for a company using the correct financial data and computations. Identify financial information for a company. 23% Does not identify financial information for a company. Identifies some of the financial information for a company. Identifies financial information for a company.
  • 10. Identifies financial information for a company using the correct financial data and computations. Communicate in a manner that is professional and consistent with expectations for members of the business professions. 10% Communicates in a manner that is not professional or consistent with expectations for members of the business professions. Communicates in a manner that is inconsistent with expectations for members of the business professions. Communicates in a manner that is professional and
  • 11. consistent with expectations for members of the business professions. Communicates in a manner that is professional, scholarly, and consistent with expectations for members of the business professions, and adheres to APA guidelines, creating work appropriate for publication. Page 1 of 1Financial Statement Overview Scoring Guide 4/9/2018https://courserooma.capella.edu/bbcswebdav/institution /MBA/MBA6014/180100/Scoring_Guides/...