ACC/291 March 25‚2012 Liquidity Ratios Current Ratio: Current Assets/Current Liabilities 2005 $14‚555‚092/ $6‚974‚752= 2.09:1 2004 $14‚643‚456/ $6‚029‚696=2.43:1 Acid Test Ratio: Cash+ Short-Term Investments + Receivables (Net)/ Current Liabilities 2005 $305‚563 + $283‚583 +$6‚133‚663/ $6‚974‚752= .96:1 2004 $357‚216 + $133‚504 + $5‚775‚104/ $6‚029‚696=1.04:1 Receivables Turnover: Net Credit Sales/ Average Net Receivables 2005 $50‚823‚685/ ($6‚133‚663 + 5‚775‚104/2) $50‚823‚685/
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From looking at the ratio calculations Luna has a few things they could work on to help their profitability problems. I’ll start with looking at their operating profit margin which is steadily declining while gross profit is consistent indicating a large increase in operating expenses that have grown more than the percentage increase in sales‚ which in turn affects overall profit. Luna’s net profit margin return on assets is suffering consistently as well‚ but this is part of the decline in operating
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The Effects of Technology on the Accounting Profession ACC 340 The Effects of Technology on the Accounting Profession The adage‚ “Time is money” has never been more true at any point in history than it is today. For the certified public accountant (CPA)‚ the adage holds even more significance as the more time a CPA has to spend in a project‚ the less valuable that project becomes. It also means less time to devote to the next project. Technology has aided the CPA in numerous ways in recent years
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ACC 290 Week 4 Discussion Questions and Responses www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-4-discussion-questions-and-responses/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: All discussion questions and responses to other students are included for each week. Week 4: DQ 1: How would you calculate cost of goods sold? What items make up cost of goods sold? DQ 2:
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In this work ACC 306 Week 4 Exercise 18-24 you will find: Softech Canvas Goods - Profitability ratio Business - Accounting Week 4 Required Readings a. Chapter 18: Shareholders’ Equity b. Chapter 19: Share-Based Compensation and Earnings Per Share Discussions 1. 1st Posting Due by Day 3. Which view do you favor? Why? Complete ONLY Requirement 1 of Communication Case 18-10 from Chapter 18. 2. 1st Posting Due by Day 3. International Network Solutions.
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Unit 205 Introduction to duty of care in health‚ social care or children’s and young people’s settings. 1.1 always act in the best interest of individuals and others not act or fail to act in a way that results in harm act within your competence and not take on anything you do not believe you can safely do. A duty of care is a requirement that a person act toward others and the public with watchfulness‚ attention‚ caution and prudence that a reasonable person
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A`Wood cuts‚ Paul Revere 1st ads were essentially personal classified. Clever ad copy wasn’t a thing yet‚ so advertisers played with headlines to gain attention 1800-ish: Industrial Revolution in North America 1839 photography mass production national railroad system Volney Palmer 1843 ( 1st ad agency) Civil War More products need advertising More people need advertising 1844- 1st magazine ad runs Civil War spurred growth of print ad. For many reasons Need for hundreds of thousands of uniforms
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Assignment: Critiquing Philosophical Approaches to Ethical Decision Making When it comes to making ethical decisions there are many different approaches to reach a decision. There is an ethical decision making (EDM) framework which incorporates traditional requirements for profitability and legality‚ as well as requirements shown to be philosophically important to stakeholders. The EDM framework asses the ethicality of a decision or action by examining the consequences or well-offness created in
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In this work ACC 410 Week 4 Discussion Question 2 Ethics Case you will find right answers on the following task: "Harris Fell‚ CPA and member of the AICPA‚ was engaged to audit the financial statements of Wilson Corporation. Fell had half-completed the audit when he had a dispute with the management of Wilson Corporation and was discharged. Hal Compton‚ CPA‚ was promptly engaged to replace Fell. Wilson Corporation did not compensate Fell for his work to date; therefore‚ Fell refused to allow Wilson
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This work contains ACC 306 Week 5 Exercise 20-18 Classifying accounting changes Business - Accounting Week 5 Required Readings a. Chapter 20: Accounting Changes and Error Corrections b. Chapter 21: The Statement of Cash Flows Revisited Discussions 1. 1st Posting Due by Day 3. Ethical Dilemma. From Chapter 20 complete Ethics Case 20-5 and post the answers to the discussion board by Day 3. 2. 1st Posting Due by Day 3. Where’s the Cash? From Chapter 21 complete
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