1. A company’s ending accounts receivable balance and the period’s advertising expense would be found on which financial statements, respectively…
XACC/291 – Week 4 Assignment Complete Exercises E10-6, E10-8, & E10-18. And Problems 10-3A & 10-6A. E10-6 Payroll Tax Expense $352.16 FICA Taxes Payable 198.40 Federal Unemployment Taxes Payable 19.84 State Unemployment Taxes Payable 133.92 (…
Weighted average cost flow assumption: Weighted average assumes that cost flow at an average of the costs available.…
In the early 1600s, companies that were given charters by the British crown established colonies in North America. These colonies served to provide the mother country with raw materials. Previously, the only people who could afford come to America were wealthy people. With the idea of indentured servitude developed by joint-stock companies, anyone willing to work for a certain number of years could come to the New World. This system worked for numerous years, however, according to a graph of servants and slaves per probate inventory in York County, Virginia, from the years 1665 to 1695, the number of indentured servants decreased immensely while, from 1680 to 1895, the number of slaves increased. (Doc 1) The graph serves to show the progression…
You should enter your name, date, instructor's name, and course into the cells at the top of the page. This information will be printed on the top of each page if the template requires more than one page.…
The procedure and instructions of an AIS are the methods it uses for collecting, storing, retrieving and processing data. These methods will be both manual and automated, and the data can come from both internal sources such as employees, and external sources like customers online orders. Procedures and instructions must be followed consistently to be effective.…
Merchandise Inventory: An asset reported on the balance sheet and contains the cost of products purchased for sale. Products that a company owns and intends to sell.…
An association of two or more persons to carry on as co-owners of a business for profit.…
Financial statement analysis is done by every successful corporation, as your team at Ventura Electronics very well knows. “Comparisons within a company are often useful to detect changes in financial relationships and significant trends” (Kimmel, Weygandt, and Keiso p. 653). Financial statement analysis is done by horizontal analysis, vertical analysis, and ratio analysis. “Horizontal analysis, also known as trend analysis, is a technique for evaluating a series of financial statement data over a period of time (Kimmel, Weygandt, and Keiso p.654). If Ventura Electronics is interested in determining any increase or decrease in, for example, net sales (as an amount or percentage) than horizontal analysis are appropriate. Vertical analysis analyzes more specific data on the financial statement. “Vertical analysis, also called common-size analysis, is a technique for evaluating financial statement data that expresses each item in a financial statement as a percent of a base amount”(Kimmel, Weygandt, and Keiso p.656). Ventura Electronics can not only analyze the relative size of each category on the financial statement, but can also see the percentage change in the individual asset, liability, and stockholders’ equity. Ventura Electronic can also use this analysis when comparing its financial statements to the competition. The last tool commonly used for financial statement analysis is ratio analysis. These ratios are useful in evaluating the financial health and performance of a company. In ratio analysis we use three different ratios; liquidity ratios, solvency ratios, and profitability ratios. Liquidity ratios are important because it evaluates the short-term ability of a business to pay their obligations as well as meet their unexpected cash flow needs. When Ventura Electronics wants to measure the ability of the company to survive over a long period of time then solvency ratios are appropriate. Profitability ratios…
Write a 700- to 1,050-word summary of your team's discussion regarding IFRS vs. GAAP. The summary should be structured in a subject-by-subject format. Include an introduction and a conclusion. Your discussion should include the answers to the following:…
1. Review the feedback from assignment 8, open your assignment 8 Grade Book, and make all corrections and changes necessary.…
9 yrs * $300= $2,700 + $294,000 = $296,700 = Carrying Value at the call date…
For my final grade argument I am asking to change my F to a C. The reason for my low grade in class was due to a technical error on Canvas. It may sound like a stretch to ask for a two letter grade increase but I made it to class almost every day, payed attention in class, and I turned in all work I possibly could.…
My is Liannet Madrazo ID 1064892. I'm currently enrolled in your kin 3309. I'm writing you because I am concerned about grade in your class. I want to make sure that I am available to pass your class, considering this is my senior year. I would like to if possible to stay in your class. However, I wouldn't like to fail this class, knowing that my grade is not good! I would love to keep pushing and keep working hard, although I would love your opinion of whether or not I should drop this class. I have been consistent in my attendance and paying attention in class. I know my grade may know reflex this but I spend hours studying at Casa and with the book, and I still scored low in my exam. I'm not sure if there is something wrong with the way…