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    McDonald's Performance Measures: operating leverage, ROE, EVA

    Explain what operating leverage, ROE, EVA are and how they measure performance. Pick another performance measure of your choice and explain it as well. Give the advantages and disadvantages of each of these measures. For each of these measures, compute them for McDonalds Corporation in 2012. Which measure is your preferred o

    Vulnerabilities and Threats

    Distinguish between vulnerabilities and threats. Provide examples that illustrate these distinctions. In what way are vulnerabilities and threats related to consequences of the threats that are carried out?

    Guiltier Corp: Allowance for uncollectible accts bad debts

    Guiltier Corporation uses allowance method to accounts uncollectible accounts receivables. Credit terms for sales is n30 (net is due at 30 days). Below is the company's uncollectible policy: Monthly provision for uncollectible accounts is 2% of credit sales. Write-off of bad debts is debited to allowance for uncollectibl

    Schedule A Real Estate Deductions for the Sale of a Home

    "The $3,600 of property taxes for the house were prorated with $1,950 being apportioned to the seller and $1,650 being apportioned to the buyer. In December of the current year the buyer paid $3,600 for property taxes." Which number should the buyer include in his Schedule A, tax return (3600+1950 or 3600+1650)?

    Calculating restated cash dividends per share

    Group project journey #8. Please assist with Orbon Inc. For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.71 per share and having a 3% stock dividend. In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $1.12. a. Calculate the originally reported earnings p

    Critically evaluate: Historic cost or alternative measurement base

    Historic cost should be replaced by an alternative measurement base in order to make financial statement more useful. Critically discuss this statement, concluding with whether or not you agree with it. Consider the following: Critically discuss the role and relevance of financial accounting information to the principal s

    Coolfroth Brewing Co. and Journal Entries

    Coolfroth Brewing Company distributes its products in an aluminum keg. Customers are charged a deposit of $30 per keg; deposits are recorded in the Keg Deposits account. a. Where on the balance sheet will the Keg Deposits account be found? Are Keg deposits a current Assets on the balance sheet, or a current liability on

    Notes payable for Powell, Inc

    Please assist with group project A. On April 15, 2013, Powell, Inc., obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $277,700. The interest rate charged by the bank was 7.25%. The bank made the loan on a discount basis. 1. Calculate the loan proceeds made av

    Absorption Costing: Flexible Budget for Signet Jewelers

    Prepare a flexible budget for next year for Signet Jewelers using three different growth rates (assume absorption costing). Explain how you determined the three growth rates to use (the low, the average, the high). Explain how you adjusted all other line items in the income statement to reflect the revised sales assumptions.

    Ludwig, Inc. - Accounting for a Troubled Debt Restructuring

    Accounting for a Troubled Debt Restructuring Ludwig, Inc., which owes Giffin Co. $2,400,000 in notes payable, is in financial difficulty. To eliminate the debt, Giffin agrees to accept from Ludwig land having a fair value of $1,830,000 and a recorded cost of $1,350,000. Required: Show computation and details. a. Compute

    Box Scores in Lean Manufacturing

    What does the box scores mean (file attached)? Explain the categories of operational performance, capacity and financial performance.

    Client Memo regarding a shortfall in retirement savings

    A client has engaged you to advise her on how she is doing with her preparation for retirement. She is a well-paid professional with a current salary of $150,000. She has 15 years until her full retirement age and wants to be able to retire at that time. She expects that her salary will increase about 3.5% each year until retire

    Firm E and Firm F's Turnover and Average Total Assets

    Assist with Firm E and Firm F's Turnover and Average total assets. Can you explain how you got your answer? a. Firm E has net income of $67,000, sales of $1,300,000, and ROI of 15%. Calculate the firm's turnover and average total assets. (Round your "turnover" to 1 decimal place. (e.g., 32.1)) Turnover: Average

    Solve for maximum interest rate on borrowed funds

    You have two investment opportunities. One will have a 9.0% rate of return on an investment of $590; the other will have an 12.0% rate of return on principal of $860. You would like to take advantage of the higher yielding investment but have only $590 available. What is the maximum rate of interest that you would pay to borr

    Fraud Opportunities

    Simon Blfpstk Construction Company has two divisions. The president (Simon) manages the roofing division. Simon delegated authority and responsibility for management of the modular manufacturing division to John Gault. The company has a competent accounting staff and a full-time internal auditor. Unlike Simon's procedures, ho

    Cash and Accounts Receivable Problems

    P7-3 (Bad-Debt Reporting—Aging) Manilow Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Manilow's Accounts Receivable account was $555,000 and the Allowance for Doubtful Accounts had a credit balance of $40,000 The year-end balance re

    Accounts Receivable - Direct Write-Off Method - Journal Entries

    The balance of Accounts receivable is $275,000. Net credit sales for the year were $771,000 and cash sales were $68,000. An analysis of accounts receivable identifies $21,400 of receivables that will NOT be collected. The company uses the direct write-off method of accounting for uncollectible accounts. Prepare the adjust

    Discovery Communications

    Please find some information from 10K. which is: 1 Name and Description of Company (what does it do: provide a service, sell a product, or manufacture and sell a product) 2 Summarize the Shareholder Letter paying close attention to the following: o Management's opinion of financial performance o Impact of recent economic

    GAAP and Financial Reports

    Managers and non-accounting personnel can have a hard time deciphering standard financial statements. There are two possible solutions to the problem. They are making changes to get GAAP to recognize accounting for lean or having two separate financial reports. 1. What are the advantages and disadvantages of GAAP recognizing ac

    Millco Inc.

    Millco, Inc., acquired a machine that cost $410,000 early in 2013. The machine is expected to last for ten years, and its estimated salvage value at the end of its life is $61,000. a. Using straight-line depreciation, calculate the depreciation expense to be recognized in the first year of the machine's life and calculate

    Transactions and Adjustments

    Hi, please assist me with this group project. Complete the answer sheet with the column headings shown here. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net income by selecting for each account affected the account

    Long-lived asset and imparment with FASB codification

    1. How is "Impairment" defined in the Master Glossary? 2. Give one example of an event or change that would require a long-lived asset to be tested for recoverability. (Provide the Codification reference for your answer) 3. Should a long-lived asset that is held for sale be depreciated? (Provide the Codification referenc

    Computation of AFN

    Problem 12-9 Financing Deficit Garlington Technologies Inc.'s 2013 financial statements are shown below: Balance Sheet as of December 31, 2013 Cash $ 180,000 Accounts payable $ 360,000 Receivables 360,000 Notes payable 156,000 Inventories 720,000 Line of credit 0 Total current assets $1,260,000 Accruals 180

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