Which of the following assets are financial statements? Investment in bonds / Prepaid expenses a yes yes b yes no c no
Howard City maintains the following funds: 1. General 2. Special revenue 3. Capital projects 4. Debt service 5. Enterprise 6. Investment trust 7. Permanent 8. Agency For each of the following transactions, indicate which fund would most likely be used to report the transaction: a. The City collects $1 million of
Please see attachment for questions. Question 1: Cash cycle is simply the amount of time, usually expressed in days, for a company, say a manufacturer, converts its raw materials to cash. This means that the cycle encompasses the period it takes to convert raw materials to finished goods to sales, the period it takes to co
In examining the risk assessment of a potential client, the company structure as well as the overall nature and complexities of the company should be understood. The nature of the entity will affect the risk assessment in terms of requiring more or less engagement planning and/or substantive procedures. You are preparing an a
Consider the following probability distribution of returns estimated for a proposed project that involves a new ultrasound machine: State of the Probability Rate of Economy of occurrence Return Very poor 0.1 -10% Poor 0.2
The following items discusses the practices related to the treasury stock. Please choose the item that is not a correct practice. a.Treasury stock is the own common share repurchased by the firm. b.Treasury stock is recorded as an asset on B/S c.To increase the stock price, firms may have treasury stocks. d.The profit from
1. Define and explain the differences among inelastic, elastic, and unitary price elasticity. 2. What questions would you ask regarding each? 3. What recommendations would you have?
a. Why should investors consider investing overseas? b. What are the potential advantages, and perils? c. What is Market Efficiency? What are the implications of Market Efficiency, for the pricing of securities and investing corporations' money? d. Why is psychology important in a global setting?
Controls pertaining to recording inventory transactions are important to assessing control risk for the existence and occurrence, completeness, valuation or allocation, and presentation and disclosure assertions for manufacturing transactions and inventories. 1. How does the auditor perform a walk through of production trans
1) In planning the audit, the auditor should assess materiality at which two levels? a. the preliminary level and the final level. b. the company level and the divisional level. c. the account balance level and the detailed item level. d. the financial statement level and the account balance level. e. the account balan
Two projects are approximately equal in size. Project "A" takes four years to complete and has a Net Present Value of $200k; Project ''B'' takes three years to complete and has a NVP of $300k. Which project should I select and why?
Analyze the case study, and develop the conclusions, recommendations, and implications. Consider the implementation challenges in the case and the technologies used to meet them, along with the final questions posed at the end of the case. Summarize your findings in a two page paper using proper APA formatting.
SunCorp had investments in marketable equity securities costing 650,000 on June 30, year 2. Sun Corp decided to hold the investments indefinitely and accordingly reclassified them from trading to available-for-sale on that date. The investments market value was 575,000 at December 31, year 1, 530,000 at June 30, year 2 and 49
1. Analyze Coca-Cola's company's mission and vision statements against the performance of the organization. Then, evaluate how well the company lives out its mission and vision statement. Provide support from the organization's performance in your evaluation. 2. Assess how Coca Cola organization's strategic goals link to the
I must create a career plan. My chosen career is in Accounting & Finance Management. I would like a sample career plan relating to Accounting & Finance. I would like an example of skills required and personality traits, and a listing of long-term, mid-term, and short-term goals. Discuss your career choice explaining why you c
Describe why financial decisions are based on incremental benefits. How does a sunk cost affect the incremental benefit from a decision? Explain why the notes to a firm's financial statements are an integral part of the financial statements.
I am not understanding how to obtain the OCF. I know that you have to add the depreciation expense and subtract the tax, but I am very confused. I know that you must divide the current assets by the current liabilities but when I do it, it doesn't work. Please help. Hammett, Inc., has sales of $19,720, costs of $9,310, de
Great Britain is the 2nd largest economy within the European Union yet does not utilize the Euro, opting instead to retain the pound sterling as its national currency. How has this decision affected the country's ability to combat the "Great Recession"? (For example, has the retention of the pound helped or hurt the Britis
Support your responses with appropriate cases, laws, and other relevant examples. Cite any references. Brittany currently attends college and runs her new business, Pampered Pets, a sole proprietorship she created in her sophomore year. Since Brittany is a student, she does not have much capital and seeks to save money where
On June 15, Bunting Corporation reacquired 12,000 shares of its $10 par value common stock for $18 per share. Bunting uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit: a. Common Stock for $120,000 b. Common Stock for $120,000 and Paid-in Capital in Ex
Patton Corporation owns 2,500 of the 10,000 outstanding shares of Forman Corporation. During 2013, Forman Corporation earns $1,500,000 and pays cash dividends of $120,000. What amount should Patton show in the investment account on December 31, 2013 if the beginning of the year balance in the account was $1,000,000? a. $1,0
Manager A shows a return of 20% with a standard deviation of 17%. Manager B shows a return of 13% with a standard deviation of 6%. If the risk free rate is 5% which manager has the better risk adjusted return?
What does it mean if a domestic mutual fund has a beta coefficient of 1.25, an alpha coefficient of 2.25 and an R-Square of 75? Explain each measurement and then interpret what these measurements mean for this mutual.
Common Stock of Coquihalla Corporation will pay a dividend of $8.00 in the upcoming year, and dividends are expected to grow 5% per year in the future. Your required rate of annual return is 12% . Using the Constant Dividend Growth Model calculate the current price of the Common Stock.
I need help with evaluating the financial condition of Google and its ability to achieve the strategic objectives as discussed in the annual report. Please provide references - annual report attached.
Howard, Inc produces carbon graphite fiber shafts for Calloway golf clubs. Last year their average monthly production included 19,000 shafts using 1 shift of 3 technicians working 20 days a month and 8 hours a day. Of the items produced, 15% were deemed defective and were scrapped due to poor tensile strength. Recently, Howar
Business Statistics At a national seashore, the number of swimmers per day who require lifeguard assistance averages 4.1. On any day when 7 or more swimmers are assisted, the lifeguards receive a $20 bonus for extra effort. Bob's base life-guarding pay is $12 per hour for each eight-hour day. Taking into account the extra-eff
The Healthy Spring Water company sells bottled water for offices / homes. The price of the water is $20 per 10 gallon bottle and the company currently sells 2,000 bottles per day. The company's daily income and costs: Sales revenue: $ 40,000 Variable cost : $ 16,000 Fixed cost: $ 20,000 1. What is the maximum sales los
1. How could loss control approaches be used to reduce the risk of injury to construction company employees and a medical transporter by car? 2. What can be done when the cost of insurance is too high? 3. What are some disadvantages of increased risk retention?
12. Piedmont Enterprises currently pays a dividend (D0) of $1 per share. This dividend is expected to grow at a 20 percent per year for the next 2 years, after which it is expected to grow at 6 percent per year for the foreseeable future. If you require a 15 percent rate of return on an investment of this type, what price do you