Acct 101 Assignment 1
Exercise 1.2, page 33
a. California Public Employees Retirement System would be interested in Boeing’s financial information to make predictions of the future. By examining historical data and the current information they can decide if and how much to invest.
b. China Airlines, a potential customer would be interested in the financial information to determine the quality of the products and services and to determine if they could meet warranty obligations.
c. Henry James, a real estate investor would be interested in seeing their financials to estimate the current jobs availability in the surrounding markets. He would also like to see stability and revenue increase around the area of Boeing to justify investing in real estate and predict profitability if done so.
d. Boeing’s Management would like to keep an eye on their financial information to make sure they are staying on track with the companies goals. By keeping an eye on the information they can make educated decisions about future actions, purchases, labor costs, etc.
e. International Aerospace Machinists, a labor union would also be interest in the financial information to make important decisions when it comes to negotiating salaries and benefits of their members.
Exercise 1.7, page 33
Financial Accounting I
Management Accounting H
Financial Reporting B
Financial Statements F
General-purpose assumption G
Integrity C
Internal Control E
Public Accounting D
Bookkeeping A
Exercise 1.2, page 33
a. California Public Employees Retirement System would be interested in Boeing’s financial information to make predictions of the future. By examining historical data and the current information they can decide if and how much to invest.
b. China Airlines, a potential customer would be interested in the financial information to determine the quality of the products and services and to determine if they could meet warranty obligations.
c. Henry James, a real estate investor would be
a. California Public Employees Retirement System would be interested in Boeing’s financial information to make predictions of the future. By examining historical data and the current information they can decide if and how much to invest.
b. China Airlines, a potential customer would be interested in the financial information to determine the quality of the products and services and to determine if they could meet warranty obligations.
c. Henry James, a real estate investor would be interested in seeing their financials to estimate the current jobs availability in the surrounding markets. He would also like to see stability and revenue increase around the area of Boeing to justify investing in real estate and predict profitability if done so.
d. Boeing’s Management would like to keep an eye on their financial information to make sure they are staying on track with the companies goals. By keeping an eye on the information they can make educated decisions about future actions, purchases, labor costs, etc.
e. International Aerospace Machinists, a labor union would also be interest in the financial information to make important decisions when it comes to negotiating salaries and benefits of their members.
Exercise 1.7, page 33
Financial Accounting I
Management Accounting H
Financial Reporting B
Financial Statements F
General-purpose assumption G
Integrity C
Internal Control E
Public Accounting D
Bookkeeping A
Exercise 1.2, page 33
a. California Public Employees Retirement System would be interested in Boeing’s financial information to make predictions of the future. By examining historical data and the current information they can decide if and how much to invest.
b. China Airlines, a potential customer would be interested in the financial information to determine the quality of the products and services and to determine if they could meet warranty obligations.
c. Henry James, a real estate investor would be