1. Tomas must report $60,000 of income on his tax return as a sole proprietor, but Lucy does not report any income as the sole shareholder of a C corporation where no funds were distributed.
2. Rose must report $20,000 of partnership income on her tax return as she received a $20,000 distribution from the partnership where she is a 50% partner and it earned $100,000.
3. Rajib must report $350,000 of S corporation income on his tax return as the sole shareholder, even though the S corporation only distributed $80,000 to him and earned $350,000.
This document provides links to purchase solutions for accounting, economics, finance, and tax homework assignments and exams. It advertises immediate access to full solutions for entire courses, exams, and assignments without needing to register. The solutions are rated highly and claimed to be from alumni of well-known universities.
The document provides information about accounting homework help and solutions available for purchase online. It lists courses, exams, and assignments that can be completed, noting they are rated "A+" without needing registration. Clicking the links would direct the user to the online site to purchase assistance with accounting work.
1) A business combination occurs when two or more previously separate companies come under single management control. This can happen through subsidiaries, asset transfers, or forming a new corporation.
2) The combining companies may retain separate legal entities as subsidiaries of a parent company.
3) Goodwill arises in a business combination when the cost of an acquisition exceeds the fair value of identifiable net assets. Goodwill is no longer amortized under accounting standards.
1. Tomas must report $60,000 of income on his tax return as a sole proprietor, but Lucy does not report any income as the sole shareholder of a C corporation where no funds were distributed.
2. Rose must report $20,000 of partnership income on her tax return as she received a $20,000 distribution from the partnership where she is a 50% partner and it earned $100,000.
3. Rajib must report $350,000 of S corporation income on his tax return as the sole shareholder, even though the S corporation only distributed $80,000 to him and earned $350,000.
This document provides links to purchase solutions for accounting, economics, finance, and tax homework assignments and exams. It advertises immediate access to full solutions for entire courses, exams, and assignments without needing to register. The solutions are rated highly and claimed to be from alumni of well-known universities.
The document provides information about accounting homework help and solutions available for purchase online. It lists courses, exams, and assignments that can be completed, noting they are rated "A+" without needing registration. Clicking the links would direct the user to the online site to purchase assistance with accounting work.
1) A business combination occurs when two or more previously separate companies come under single management control. This can happen through subsidiaries, asset transfers, or forming a new corporation.
2) The combining companies may retain separate legal entities as subsidiaries of a parent company.
3) Goodwill arises in a business combination when the cost of an acquisition exceeds the fair value of identifiable net assets. Goodwill is no longer amortized under accounting standards.
The document provides an update on S corporation issues and common problems. It discusses changes to built-in gains tax holding periods under the Small Business Jobs Act and user fees for requesting an S election waiver. It also summarizes common S corporation issues like reasonable compensation, loans from shareholders, health insurance deductions for 2% shareholders, and basis calculations.
This document provides an overview of IAS 27 regarding consolidated financial statements. It discusses key topics such as the rationale for consolidated financial statements, acquisition accounting, accounting for subsidiaries, associated companies, and joint ventures. Group financial statements consolidate the financial statements of a parent company and its subsidiaries to present financial information about the group as a single economic entity. The accounting aims to eliminate intra-group transactions and balances.
This document contains a true/false and multiple choice partnership reviewer with 57 true/false statements and 58 multiple choice questions about partnerships. It covers topics such as the definition of a partnership, characteristics of general partnerships, advantages and disadvantages of partnerships compared to corporations, admitting and withdrawing partners, partnership dissolution and liquidation. The reviewer is intended to assess a student's understanding of key concepts relating to partnerships.
Partnership revision questions ay 2014 2015JUMA BANANUKA
- Biru and Kugo are partners sharing profits in a 2:3 ratio. They contributed capital of UGX 2 million and UGX 3 million respectively. They made drawings of UGX 100,000 and UGX 120,000 respectively and Kugo received a salary of UGX 80,000. The partnership earned a net profit of UGX 2.5 million.
- Atim and Adongo are partners sharing profits equally. They provided a trial balance as of June 30, 2011 and additional financial information. They need statements of profit/loss and financial position prepared.
- Muqadimah and Almuqadimah were partners sharing profits 2:1
This document provides an overview of how to prepare a statement of cash flows using the indirect method. It discusses the three steps to prepare the statement: 1) determine net cash from operating activities by adjusting net income for non-cash expenses/gains, and changes in current assets and liabilities. 2) Classify cash flows from investing and financing activities. 3) Disclose significant non-cash transactions. An example is provided to illustrate the adjustments to net income to determine net cash from operating activities using the indirect method.
This document discusses the classification and preparation of cash flow statements. Cash flows are classified into operating, investing, and financing activities. Consolidated cash flow statements use information from the consolidated income statement and balance sheet, and require special treatment of items such as dividends from subsidiaries, acquisitions and disposals of subsidiaries or associates, and foreign operations. Detailed guidance is provided on accounting for these types of transactions in the consolidated cash flow statement.
The document provides an overview of partnerships as a form of business organization. It defines a partnership as an association of two or more people to carry on a business for profit. It outlines the key characteristics of partnerships, including association of individuals, mutual agency, co-ownership of property, unlimited liability, and limited life. The document also discusses different types of partnership organizations and their advantages and disadvantages. It covers forming a partnership, dividing net income/loss, and basic partnership accounting and financial statements.
ACC 291 GENIUS NEW Introduction Education--acc291genius.comclaric275
This document provides study materials and practice problems for ACC 291 exam preparation. It includes a 100-question practice exam guide, two case study assignments analyzing the financial statements of Columbia Sportswear Company and VF Corporation, and a Connect practice assignment recording journal entries for various retail business transactions involving purchases, sales, payments and returns. The document aims to help students learn accounting concepts related to receivables, payables, inventory, and financial statement analysis.
Str 581 week 4 individual capstone final exam part 2 newolivergeorg
This document contains a 10-question multiple choice exam on topics related to finance and accounting. The questions cover topics such as calculating net operating income, identifying types of mergers, evaluating compliance with the Sarbanes-Oxley Act, and calculating financial ratios. Correct answers are provided for each question.
This document provides links to purchase solutions for accounting and finance homework, exams, and courses. It advertises immediate access to complete solutions for classes without needing to register. The solutions are rated highly and are available from an alumni of West Virginia University.
- The document provides information about accounting homework help and solutions available for purchase online at www.onlinehelpstudy.com for various accounting and economics courses, exams, and assignments.
- Sample questions and solutions are provided for accounting, economics, finance, and taxation topics. Prices for full solutions to homework questions, exams, and case studies range from $3 to $10 depending on length and complexity.
- Customers can purchase step-by-step solutions immediately without needing to register an account on the site. The solutions are described as "RATED A+" quality.
- The document provides information about and links to purchase assistance with accounting homework, exams, and assignments. It advertises immediate access to solutions for entire courses and exams without needing to register.
- Sample questions and assignments are provided for accounting, economics, finance, tax, and cost accounting courses. The document seeks payment to view the full questions, solutions, and explanations.
The document provides information about accounting homework help and solutions available for purchase online. It lists courses, exams, and assignments that can be completed, noting they are rated "A+" without needing registration. Clicking the links would direct the user to the online site to purchase assistance with accounting work.
ACC 291 GENIUS NEW Remember Education--acc291genius.comchrysanthemu4
FOR MORE CLASSES VISIT
www.acc291genius.com
1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible
ACC 291 GENIUS NEW Education Begins--acc291genius.comkopiko191
FOR MORE CLASSES VISIT
www.acc291genius.com
1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from
Answer both questions (50 points each total = 100 points). Pl.docxrossskuddershamus
Answer both questions (50 points each: total = 100 points). Please show all work, including calculator keystrokes or Excel functions for time value of money calculations, so the maximum partial credit may be given.
1.
The president of Receding Airlines has asked you to calculate the company's cost of capital. To start, you have gathered the following information:
(1)
RecedingAir has the following securities outstanding:
· $1,000 face value, 8% annual coupon bonds with 15 years remaining to maturity and a current market price of $1,150.
· $100 par value preferred stock that pays an 11% annual dividend and has a current market price of $92.
· Common stock with a current market price of $50/share. Investors expect the next annual dividend to be $4.00 and to grow after that at a constant rate of 7% per year into the foreseeable future.
(2)
If RecedingAir were to issue new securities today:
· New bonds would pay interest annually, have a 15-year life, and incur a flotation cost of 3%.
· A new issue of preferred stock would pay annual dividends and incur flotation costs of 6%
· A new issue of common stock would incur flotation costs of 8%.
(3)
RecedingAir’s income is taxed at a 35% marginal rate.
(4)
RecedingAir’s target capital structure is 35% long-term debt, 15% preferred stock, and 50% common equity.
(5)
RecedingAir forecasts it will retain $25,000,000 of earnings in the coming year.
Required
a.
What is the required rate of return of RecedingAir’s bondholders?
b.
What is RecedingAir’s cost of debt?
c.
What is the required rate of return of RecedingAir’s preferred stockholders?
d.
What is RecedingAir’s cost of preferred stock financing?
e.
What is the required rate of return of RecedingAir’s common stockholders?
f.
What is RecedingAir’s cost of retained earnings financing?
g.
What is RecedingAir’s cost of a new common stock issue?
h.
What is RecedingAir’s weighted-average cost of capital (WACC) for its first dollar of new financing?
i.
How much total new financing can RecedingAir raise before its supply of new retained earnings financing is exhausted and there is a break in the cost of capital schedule?
j.
What would RecedingAir’s weighted-average cost of capital (WACC) become should it require more financing this year than the amount you calculated in part h, above?
2.
You have just been hired by Edifice Wrecks, Inc. (the demolition company) to evaluate a proposal to purchase a new solar-powered, web-enabled building smasher to replace an existing hand-powered smasher. You have discovered that:
· The old hand-powered smasher was purchased 5 years ago for $90,000 and is being depreciated for tax purposes using the straight-line method over an 8-year life to a $10,000 salvage value. The old smasher’s salvage value remains $10,000, however, it could be sold today for $25,000. $15,000 is invested in working capital in support of this smasher.
· The new smasher would cost $125,000 and be depreciated for .
ACC 291 GUIDE New Education for Service--acc291guide.comRoelofMerwe147
This document provides an exam guide and practice questions for ACC 291 Final Exam. It includes 30 multiple choice questions covering various accounting concepts related to receivables, payables, inventory, long-term assets, bonds, stocks, financial statements, and cash flows. The guide also provides details of transactions for two practice assignments to post journal entries and prepare financial statements for Exceptional Electronics and The Appliance Store.
ACC 291 GENIUS NEW Education Counseling--acc291genius.comKeatonJennings58
This document provides a guide and practice questions for ACC 291 Final Exam. It includes sample multiple choice questions covering topics like accounts receivable, inventory, property plant and equipment, current and long-term liabilities, the statement of cash flows, and financial statement analysis. The questions are from previous ACC 291 exams and are meant to help students prepare for the final by familiarizing them with common question types and covered topics. Sample journal entries and instructions for recording transactions are also provided for additional practice.
ACC 291 GENIUS NEW Education for Service--acc291genius.comkopiko55
This document provides a guide and practice questions for ACC 291 Final Exam. It includes 30 multiple choice questions covering topics like accounts receivable, inventory, long-term assets, current and long-term liabilities, financial ratios, and cash flow statements. It also provides two practice connect assignments involving journalizing transactions, preparing general ledgers, and analyzing accounts receivable for two companies.
This document provides a study guide for the ACC 291 final exam, including practice questions and answers on topics like accounts receivable, inventory, long-term assets, current and long-term liabilities, and financial statements. It also contains sample accounting journal entries, general ledger accounts, and instructions for two practice Connect assignments involving recording transactions for various businesses.
ACC 291 GUIDE NEW Become Exceptional--acc291guide.comKeatonJennings114
This document provides an exam guide and practice questions for ACC 291. It includes 30 multiple choice questions covering topics like accounts receivable, accounting principles, financial statements, ratios, and cash flows. It also provides a sample assignment for Week 1 that involves recording transactions for a business and its accounts receivable over a one month period in September 2019. The assignment requires posting journal entries, preparing a general ledger, accounts receivable ledger, and calculating sales tax owed.
The document provides an update on S corporation issues and common problems. It discusses changes to built-in gains tax holding periods under the Small Business Jobs Act and user fees for requesting an S election waiver. It also summarizes common S corporation issues like reasonable compensation, loans from shareholders, health insurance deductions for 2% shareholders, and basis calculations.
This document provides an overview of IAS 27 regarding consolidated financial statements. It discusses key topics such as the rationale for consolidated financial statements, acquisition accounting, accounting for subsidiaries, associated companies, and joint ventures. Group financial statements consolidate the financial statements of a parent company and its subsidiaries to present financial information about the group as a single economic entity. The accounting aims to eliminate intra-group transactions and balances.
This document contains a true/false and multiple choice partnership reviewer with 57 true/false statements and 58 multiple choice questions about partnerships. It covers topics such as the definition of a partnership, characteristics of general partnerships, advantages and disadvantages of partnerships compared to corporations, admitting and withdrawing partners, partnership dissolution and liquidation. The reviewer is intended to assess a student's understanding of key concepts relating to partnerships.
Partnership revision questions ay 2014 2015JUMA BANANUKA
- Biru and Kugo are partners sharing profits in a 2:3 ratio. They contributed capital of UGX 2 million and UGX 3 million respectively. They made drawings of UGX 100,000 and UGX 120,000 respectively and Kugo received a salary of UGX 80,000. The partnership earned a net profit of UGX 2.5 million.
- Atim and Adongo are partners sharing profits equally. They provided a trial balance as of June 30, 2011 and additional financial information. They need statements of profit/loss and financial position prepared.
- Muqadimah and Almuqadimah were partners sharing profits 2:1
This document provides an overview of how to prepare a statement of cash flows using the indirect method. It discusses the three steps to prepare the statement: 1) determine net cash from operating activities by adjusting net income for non-cash expenses/gains, and changes in current assets and liabilities. 2) Classify cash flows from investing and financing activities. 3) Disclose significant non-cash transactions. An example is provided to illustrate the adjustments to net income to determine net cash from operating activities using the indirect method.
This document discusses the classification and preparation of cash flow statements. Cash flows are classified into operating, investing, and financing activities. Consolidated cash flow statements use information from the consolidated income statement and balance sheet, and require special treatment of items such as dividends from subsidiaries, acquisitions and disposals of subsidiaries or associates, and foreign operations. Detailed guidance is provided on accounting for these types of transactions in the consolidated cash flow statement.
The document provides an overview of partnerships as a form of business organization. It defines a partnership as an association of two or more people to carry on a business for profit. It outlines the key characteristics of partnerships, including association of individuals, mutual agency, co-ownership of property, unlimited liability, and limited life. The document also discusses different types of partnership organizations and their advantages and disadvantages. It covers forming a partnership, dividing net income/loss, and basic partnership accounting and financial statements.
ACC 291 GENIUS NEW Introduction Education--acc291genius.comclaric275
This document provides study materials and practice problems for ACC 291 exam preparation. It includes a 100-question practice exam guide, two case study assignments analyzing the financial statements of Columbia Sportswear Company and VF Corporation, and a Connect practice assignment recording journal entries for various retail business transactions involving purchases, sales, payments and returns. The document aims to help students learn accounting concepts related to receivables, payables, inventory, and financial statement analysis.
Str 581 week 4 individual capstone final exam part 2 newolivergeorg
This document contains a 10-question multiple choice exam on topics related to finance and accounting. The questions cover topics such as calculating net operating income, identifying types of mergers, evaluating compliance with the Sarbanes-Oxley Act, and calculating financial ratios. Correct answers are provided for each question.
This document provides links to purchase solutions for accounting and finance homework, exams, and courses. It advertises immediate access to complete solutions for classes without needing to register. The solutions are rated highly and are available from an alumni of West Virginia University.
- The document provides information about accounting homework help and solutions available for purchase online at www.onlinehelpstudy.com for various accounting and economics courses, exams, and assignments.
- Sample questions and solutions are provided for accounting, economics, finance, and taxation topics. Prices for full solutions to homework questions, exams, and case studies range from $3 to $10 depending on length and complexity.
- Customers can purchase step-by-step solutions immediately without needing to register an account on the site. The solutions are described as "RATED A+" quality.
- The document provides information about and links to purchase assistance with accounting homework, exams, and assignments. It advertises immediate access to solutions for entire courses and exams without needing to register.
- Sample questions and assignments are provided for accounting, economics, finance, tax, and cost accounting courses. The document seeks payment to view the full questions, solutions, and explanations.
The document provides information about accounting homework help and solutions available for purchase online. It lists courses, exams, and assignments that can be completed, noting they are rated "A+" without needing registration. Clicking the links would direct the user to the online site to purchase assistance with accounting work.
ACC 291 GENIUS NEW Remember Education--acc291genius.comchrysanthemu4
FOR MORE CLASSES VISIT
www.acc291genius.com
1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible
ACC 291 GENIUS NEW Education Begins--acc291genius.comkopiko191
FOR MORE CLASSES VISIT
www.acc291genius.com
1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from
Answer both questions (50 points each total = 100 points). Pl.docxrossskuddershamus
Answer both questions (50 points each: total = 100 points). Please show all work, including calculator keystrokes or Excel functions for time value of money calculations, so the maximum partial credit may be given.
1.
The president of Receding Airlines has asked you to calculate the company's cost of capital. To start, you have gathered the following information:
(1)
RecedingAir has the following securities outstanding:
· $1,000 face value, 8% annual coupon bonds with 15 years remaining to maturity and a current market price of $1,150.
· $100 par value preferred stock that pays an 11% annual dividend and has a current market price of $92.
· Common stock with a current market price of $50/share. Investors expect the next annual dividend to be $4.00 and to grow after that at a constant rate of 7% per year into the foreseeable future.
(2)
If RecedingAir were to issue new securities today:
· New bonds would pay interest annually, have a 15-year life, and incur a flotation cost of 3%.
· A new issue of preferred stock would pay annual dividends and incur flotation costs of 6%
· A new issue of common stock would incur flotation costs of 8%.
(3)
RecedingAir’s income is taxed at a 35% marginal rate.
(4)
RecedingAir’s target capital structure is 35% long-term debt, 15% preferred stock, and 50% common equity.
(5)
RecedingAir forecasts it will retain $25,000,000 of earnings in the coming year.
Required
a.
What is the required rate of return of RecedingAir’s bondholders?
b.
What is RecedingAir’s cost of debt?
c.
What is the required rate of return of RecedingAir’s preferred stockholders?
d.
What is RecedingAir’s cost of preferred stock financing?
e.
What is the required rate of return of RecedingAir’s common stockholders?
f.
What is RecedingAir’s cost of retained earnings financing?
g.
What is RecedingAir’s cost of a new common stock issue?
h.
What is RecedingAir’s weighted-average cost of capital (WACC) for its first dollar of new financing?
i.
How much total new financing can RecedingAir raise before its supply of new retained earnings financing is exhausted and there is a break in the cost of capital schedule?
j.
What would RecedingAir’s weighted-average cost of capital (WACC) become should it require more financing this year than the amount you calculated in part h, above?
2.
You have just been hired by Edifice Wrecks, Inc. (the demolition company) to evaluate a proposal to purchase a new solar-powered, web-enabled building smasher to replace an existing hand-powered smasher. You have discovered that:
· The old hand-powered smasher was purchased 5 years ago for $90,000 and is being depreciated for tax purposes using the straight-line method over an 8-year life to a $10,000 salvage value. The old smasher’s salvage value remains $10,000, however, it could be sold today for $25,000. $15,000 is invested in working capital in support of this smasher.
· The new smasher would cost $125,000 and be depreciated for .
ACC 291 GUIDE New Education for Service--acc291guide.comRoelofMerwe147
This document provides an exam guide and practice questions for ACC 291 Final Exam. It includes 30 multiple choice questions covering various accounting concepts related to receivables, payables, inventory, long-term assets, bonds, stocks, financial statements, and cash flows. The guide also provides details of transactions for two practice assignments to post journal entries and prepare financial statements for Exceptional Electronics and The Appliance Store.
ACC 291 GENIUS NEW Education Counseling--acc291genius.comKeatonJennings58
This document provides a guide and practice questions for ACC 291 Final Exam. It includes sample multiple choice questions covering topics like accounts receivable, inventory, property plant and equipment, current and long-term liabilities, the statement of cash flows, and financial statement analysis. The questions are from previous ACC 291 exams and are meant to help students prepare for the final by familiarizing them with common question types and covered topics. Sample journal entries and instructions for recording transactions are also provided for additional practice.
ACC 291 GENIUS NEW Education for Service--acc291genius.comkopiko55
This document provides a guide and practice questions for ACC 291 Final Exam. It includes 30 multiple choice questions covering topics like accounts receivable, inventory, long-term assets, current and long-term liabilities, financial ratios, and cash flow statements. It also provides two practice connect assignments involving journalizing transactions, preparing general ledgers, and analyzing accounts receivable for two companies.
This document provides a study guide for the ACC 291 final exam, including practice questions and answers on topics like accounts receivable, inventory, long-term assets, current and long-term liabilities, and financial statements. It also contains sample accounting journal entries, general ledger accounts, and instructions for two practice Connect assignments involving recording transactions for various businesses.
ACC 291 GUIDE NEW Become Exceptional--acc291guide.comKeatonJennings114
This document provides an exam guide and practice questions for ACC 291. It includes 30 multiple choice questions covering topics like accounts receivable, accounting principles, financial statements, ratios, and cash flows. It also provides a sample assignment for Week 1 that involves recording transactions for a business and its accounts receivable over a one month period in September 2019. The assignment requires posting journal entries, preparing a general ledger, accounts receivable ledger, and calculating sales tax owed.
ACC 291 GUIDE NEW Lessons in Excellence--acc291guide.comthomashard66
This document provides an exam guide and practice questions for ACC 291. It includes 30 multiple choice questions covering various accounting concepts related to receivables, payables, inventory, long-term assets, stockholders' equity, and financial statements. It also provides a sample assignment involving recording transactions for a business and posting entries to general and accounts receivable ledgers.
ACC 291 GUIDE NEW Education Counseling--acc291guide.comKeatonJennings58
This document provides a guide for ACC 291 final exam with sample questions and answers. It also includes sample accounting transactions and assignments for ACC 291 Week 1 involving recording journal entries, posting to ledgers, and basic financial statement analysis of accounts receivable.
Acc 400 entire course with final exam guideProfessorLance
This document provides an overview and outline of the ACC 400 Entire Course with Final Exam Guide. It lists the weekly topics, discussion questions, assignments, and final exam for the course. The course covers key accounting concepts like the difference between current and non-current assets/liabilities, accounting estimates, internal controls, intangible assets, analysis techniques, the statement of cash flows, and more. The final exam includes multiple choice and true/false questions testing these concepts.
Acc 400 entire course with final exam guideProfessorLance
This document provides an overview and summary of the key concepts covered in ACC 400 Entire Course with Final Exam Guide. It includes descriptions of discussion questions, assignments, and exams for each of the 5 weeks. The questions cover topics such as current/non-current assets and liabilities, accounting estimates, internal controls, intangible assets, analysis ratios, lease accounting, and the components of the capital structure. The final exam contains 20 multiple choice questions testing concepts like the calculation of turnover ratios, accounting for uncollectible accounts, recording the purchase of treasury stock, and analyzing financial statements.
ACC 291 GENIUS New Inspiring Innovation--acc291genius.comwilliamwordsworth30
This document provides an example of journal entries and transactions for a company called Exceptional Electronics over the period of September 1-30, 2019. It includes sales, returns, cash receipts, and allowances. Students are asked to post the transactions to general ledger and accounts receivable accounts, prepare a schedule of accounts receivable, and calculate sales tax owed as of September 30, 2019.
This document provides a sample ACC 400 final exam with 20 multiple choice questions covering various accounting topics such as cost accounting, financial statement analysis, internal controls, receivables, and equity. The exam questions assess understanding of accounting concepts like operating cycles, cash budgets, plant asset exchanges, bad debt expense, and accounting for dividends.
ACC 291 NEW Become Exceptional--acc291new.comclaric123
1. Exceptional Electronics recorded various credit sales and cash sales transactions throughout September 2019, including sales returns and allowances.
2. Fashion Park recorded credit and cash sales in April 2019, along with a sales return.
3. Five Flags Amusement Park recorded a credit sale in May 2019 and cash sales for the same period, and later received payment on the credit account.
Similar to Uop str 581 capstone final exam part 2 new (20)
Bus 650-week-6-final-paper-financial-analysis-the-lg-groupnoahjamessss
ash bus 650 week 6 dq 1 comparing financial ratios,ash bus 650 week 6 dq 2 potential issues in ratio analysis,ash bus 650 week 6 final paper financial analysis the lg group,ash bus 650,bus 650,ash bus 650 week 6 tutorial,bus 650 week 6 assignment,ash bus 650 week 6 help
This document provides guidance for an assignment analyzing the return on investment of a college education. The analysis should have two parts: 1) Describe the decision to pursue an MBA, including calculations of expenses and opportunity costs. 2) Research an desired occupation, expected compensation, and how long it will take to pay back the investment, using financial formulas like NPV, IRR, and payback period from chapters 3 and 4 of the textbook. The analysis should be 3 to 5 pages and discuss projected returns from future employment to determine if the investment in college is worthwhile.
ash bus 650 week 1 dq 1 the role of financial management in a firm,ash bus 650 week 1 dq 2 short term or long term view,ash bus 650 week 1 financial management challenges,ash bus 650,bus 650,ash bus 650 week 1 tutorial,bus 650 week 1 assignment,ash bus 650 week 1 help
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This document provides guidelines for a course project assignment for an HSM 541 week 7 course. Students are instructed to select a problem in the healthcare system and analyze its implications. The paper should critically analyze issues related to the topic and identify strategies for improvement. Students must include 8-10 references in APA format and the paper should be 8-10 pages double-spaced. The document provides examples of possible project topics and a grading rubric that outlines the required sections and point distribution for the project.
Mkt 421 final exam guide (new, 2017) newnoahjamessss
MKT 421 Final Exam Guide (New, 2017) NEW
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__________ is best defined as the process of continuously obtaining information on events happening outside a company to recognize and interpret possible trends that affect marketing.
Relationship marketing
Digital marketing
Customer relationship management
Environmental scanning
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
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This will be used as part of your Personal Professional Portfolio once graded.
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
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His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
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An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
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Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
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তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
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1 Intanke Inc. manufactures vacuum cleaners. The following
information is available for the company.
Per unit cost
Sales $550
Variable expenses 370
The fixed expenses are $95,000. Calculate the net operating
income for 750 vacuum cleaners.
A. $135,000
C. $35,000
D. $40,000
2 Rinetin Corporation has been falsifying its financial
statements for the past year. The staff in the accounting
department of the company have been fake employee IDs and
recording payments on the company’s payroll. The funds sent
to these fake employees are then redirected to the company’s
bank accounts. When Rinetin Corporation is audited, the
auditors fail to discover this fraud because of their negligence.
2. Months later, a whistle-blower alerts the appropriate
authorities about the company’s deceptive practices. In this
scenario, the accountants who conducted the audit of the
company will be held civilly liable under __________.
A. Section 32(a) of the Securities Exchange Act of 1934
B. Section 24 of the Securities Act of 1933
C. Section 11(a) of the Securities Act of 1933
D. Section 10(b) of the Securities Exchange Act of 1934
3 Jonah’s Restaurant reports net income of $20,000 during the
year 2015. It distributes a dividend of $6,000 to its
shareholders. Calculate the retention ratio.
A. 50%
B. 30%
C. 80%
D. 70%
4 Wilande Inc., a leading apparel store, acquires Parewa Inc., an
energy drink manufacturer. This is an example of a __________.
A. congeneric merger
B. horizontal merger
C. conglomerate acquisition
D. vertical acquisition
5 Gina and Samantha are discussing the Sarbanes-Oxley Act of
2002. Gina argues that although the act requires the
management of a company to explicitly declare in writing that a
company’s financial statements accurately and fairly represent
the financial results, no steps have been taken to ensure that
this rule is followed. Which of the following statements
weakens Gina’s argument?
A. An individual who is employed by a certified public
accounting firm that audits a company can be employed as the
CEO or CFO of that company to ensure the fairness of its
3. financial statements.
B. If a company’s financial statements contain
misrepresentations, the CEO and CFO run the risk of serving
time in jail.
C. The Sarbanes-Oxley Act prohibits a public company from
granting personal loans to any of its executive officers or
directors
D. If a CEO or CFO of a company fails to comply with the
provisions of the act, he or she is subject to a fine up to $10,000
and one year in jail.
6 Ray is an entrepreneur who has recently started his own
venture. Since he does not have the resources to hire a financial
expert, he has to manage the company’s finance in addition to
managing the company. He needs to calculate the working
capital of his business. From the following information,
calculate the net working capital.
Cash $20,000
Accounts receivable 12,000
Accounts payable 14,500
Inventory 32,000
Accrued expenses 6,500
A. $23,000
B. $49,500
C. $11,000
D. $43,000
7 Blanrin Inc. currently produces all the components for the
products it makes and sells. The total costs of producing a
component,
Component Y, for one of its products are given below. The
4. annual requirement of Component Y is 2,200 units.
Direct materials $19,800
Direct labor 11,000
Variable manufacturing overhead 15,400
Fixed manufacturing overhead 13,200
An external supplier offers to sell the component to Blanrin Inc.
for $23 per unit. After analysis, it is found that if the company
buys the component instead of producing it, all of its variable
costs and $8,200 of its fixed overhead costs will be eliminated.
If Blanrin Inc. decides to buy the component instead of
manufacturing it, how will the decision affect the company?
A. Its net income will increase by $8,200.
B. Its net income will increase by $3,800.
C. Its net income will decrease by $3,800.
D. Its net income will increase by $4,400.
8 Rick, a certified accountant, is asked to conduct an audit of
the financial statements of Schenk Ltd. However, the company
refuses to cooperate with Rick and does not provide him with
the necessary information. This makes it impossible for him to
carry on with the audit. In this scenario, which of the following
opinions is Rick most likely to express?
A. Adverse opinion
B. Disclaimer of opinion
C. Unqualified opinion
D. Qualified opinion
9 Susan is a financial manager at Rvetz Corporation. She wants
to evaluate the efficiency with which the company is using its
resources. For this reason, she needs to calculate the operating
margin from the information given below.
5. Net sales $3,500,000
Cost of goods sold 1,750,000
Office rent 54,500
Selling expenses 350,000
Interest expense 50,000
Other operating expenses 88,500
Which of the following will be the result?
A. 38.4%
B. 35.9%
C. 85.9%
D. 64.1%
10 Calculate depreciation from the following information.
Accounting profit break-even point 2,871 units
Fixed costs $4,083,200
Sales price $42 per unit
Total variable costs $2,600
Number of units 100
A. $706,200
B. $510,400
C. $812,000
D. $1,483,200
10 Calculate depreciation from the following information.
Accounting profit break-even point 2,871 units
Fixed costs $4,083,200
Sales price $42 per unit
Total variable costs $2,600
Number of units 100
A. $706,200
B. $510,400
6. C. $812,000
D. $1,483,200
11 Yalken Corporation is considering the purchase of a new
machine. The cost of the machine is $250,000. The cash flows
for five years are given below.
Year 1 Year 2 Year 3 Year 4 Year 5
Cash flows $84,790 $102,500 $70,580 $64,760
$115,700
The company is in the 35 percent tax bracket. Assuming that
the cost of capital is 12%, calculate the net present value.
A. $314,452
B. $64,463
C. $(64,452)
D. $204,394
12 Which of the following scenarios illustrates a violation of the
Sarbanes-Oxley Act?
• Natalie is assigned to audit a company’s financial
records. She finds it impossible to arrive at a conclusion and
issues a disclaimer of opinion.
• Ronan, the CFO of Puvane Inc., is granted an unsecured
loan by the company to pay his son’s medical bills.
• Tina, an accountant, fails to detect a fraud in the financial
statements of the company she audits.
• Wong is a member of the audit committee of a public
corporation. However, he is an external member and was not
employed by the corporation.
13 Tanial Inc. has $950,000 in assets and $400,000 in debt. If it
earns net income of $350,000, calculate the return on assets
A. 63.6%
7. B. 36.8%
C. 271.4%
D. 87.5%
The financial manager of a company needs to measure
how efficiently the company’s total assets are being used to
generate sales. From the information given below, calculate the
relevant ratio he needs for this purpose.
Cash $220,000
Accounts receivable 1,800,000
Inventory 950,000
Plant and equipment 1,330,000
Sales 10,000,000
A. Assets turnover ratio of 0.3
B. Debt to assets ratio of 3.4
C. Assets turnover ratio of 2.3
D. Debt to assets ratio of 0.4
15 Jose, a financial expert of Cerione Ltd., analyzes the data
given below. What conclusion is he likely to arrive at?
Sales $161,000
Cost of goods sold 110,000
Gross margin $ 51,000
Total selling and administrative expenses 39,500
Net operating income $ 11,500
Interest expenses 2,170
Net income before taxes $ 9,330
Income tax (30%) 2,799
Net income $ 6,531
A. The company does not have adequate resources to pay
the interest due to creditors.
8. B. The company’s gross margin is 20 percent.
C. The company has sufficient resources to pay the interest
due to creditors.
D. The company’s earnings before interest is the same as its
earnings after taxes.
16 The capital structure for Purnen Corporation is given below.
Calculate the weighted average cost of capital (WACC).
Debt: 10%, 1,500 bonds, 20 years to maturity, selling for 105%
of par. The bonds have a $1,000 par value each and make
annual payments.
Common stock: 3,000,000 shares outstanding at a par value of
$1, selling for $35 a share. The expected dividend is $2.8, and
the growth rate is 10%.
Preferred stock: 5,000 shares of 6% preferred stock
outstanding, selling for $103 a share and having a par value of
$100. The flotation cost is $3, and the dividend is $9.
The corporate tax rate is 35%.
A. 8.4%
B. 16.5%
C. 9.96%
D. 13.65%
17 Raul needs to choose one alternative from the four
alternatives given below. Applying the concept of time value of
money, which of the following alternatives should he select?
A. Receiving $130 at the end of two years at an interest rate
of 8% compounded annually
B. Receiving $100 at the end of two years at an interest rate
of 9% compounded annually
C. Receiving $150 at the end of three years at an interest
rate of 7% compounded annually
D. Receiving $90 at the end of one year at an interest rate of
5% compounded annually
9. 18 Josh and Mike are discussing the pros and cons of the
Sarbanes-Oxley Act. While Josh argues that the act has a high
compliance cost, Mike is of the opinion that companies can
easily avoid these costs by choosing to go dark and delisting
their shares from exchanges. Josh, in turn, states that such a
choice comes with its own drawbacks. Which of the following
statements best supports Josh’s argument?
A. Companies that choose to go dark typically have only
limited access to capital markets.
B. Mandatory annual audits by independent auditors are
carried out regardless of whether or not companies choose to
go dark.
C. Executives of companies that choose to go dark are
required to certify the accuracy of financial statements.
D. Companies that go dark are required to file annual
reports.
19 Robert is a manager of a small-scale firm. He needs to decide
whether the firm has sufficient resources to meet its short-term
obligations. Calculate the ratio that Robert needs to calculate
from the information given below.
Cash and cash equivalents $1,057,600
Accounts receivables 1,556,500
Short-term investments 770,300
Other current assets 420,500
Accounts payable 995,700
Long-term debt 528,000
Short-term debt 176,000
Other current liabilities 2,495,700
A. Current ratio of 0.92
B. Current ratio of 1.04
10. C. Debt ratio of 0.91
D. Debt ratio of 1.26
20 Mark wants to withdraw $6,500 at the end of three years
and $8,000 at the end of five years. He wants to do this in such a
way that the account balance drops to zero after the last
withdrawal. Assuming that the interest rate is 5%, how much
money should Mark deposit today to ensure that his needs are
met?
A. $11,883.15
B. $653.26
C. 5,614.94
D. $6,268.21
21 Darrin Corporation is considering a proposal to purchase a
new piece of equipment. The cost of the equipment is $16,611.
The equipment is estimated to provide an annual cash flow of
$3,000 for the next nine years. The company has a required
rate of return of 15%. Calculate the internal rate of return
(IRR), and interpret the results. Use the present value of an
annuity table.
• Since the cash flows are evenly distributed, the proposal
should be accepted.
• Since the IRR is lesser than the required rate of return,
the proposal should be rejected.
• Since the capital investment is higher than $15,000, the
proposal should be rejected.
• Since the IRR is greater than the required rate of return,
the proposal should be accepted.
22 Calculate the total equivalent units for materials from the
information given below.
Percentage complete
11. Units Materials Conversion
Work in process, June 1 1,100 60% 35%
Units started into production during June 22,500
Units completed and transferred to the next department
21,800 100% 100%
Work in process, June 30 1,800 50% 15%
A. 2,070
B. 23,400
C. 22,700
D. 21,260
23 Bob is a project leader in a software company. He assigns
tasks to his team members, explains how to execute the tasks,
and sets weekly goals for them. He convenes meetings to
discuss the progress of projects at each stage of execution and
does not bother about the personal issues of his team when he
evaluates any dip in their performance with respect to the
targets he set. In accordance with House’s path-goal theory,
which of the following leadership behaviors does Bob display?
A. Participative behavior
B. Directive behavior
C. Supportive behavior
D. Achievement-oriented behavior
24 The following information is given for Rafea Corporation.
Rafea Corporation
Balance Sheet
December 31, 2016
Assets Liabilities
Cash $ 20,300 Accounts payable $ 82,400
Marketable securities 33,000 Bonds payable 215,300
12. Accounts receivable 74,200 Common stock 78,900
Inventory 82,400 Paid-in-capital 37,600
Fixed assets 258,500 Retained earnings 54,200
468,400 468,400
Which of the following can be inferred from the data?
A. The company has a current ratio of 1.51.
B. The company has a debt-to-equity ratio of 1.74.
C. The company has a debt-to-equity ratio of 0.71.
D. The company has a current ratio of 1.13.
25 Calculate the direct labor quantity variance from the
information given below.
Standard rate $13 per hour
Standard hours 4,300 hours
Actual hours 5,000 hours
Actual rate $11.50 per hour
A. $15,550 unfavorable
B. $1,600 favorable
C. $9,100 unfavorable
D. $6,450 unfavorable