This pack of ACC 422 Week 1 Discussion Questions contains: DQ1: Which of the following is the most important for an organization to manage: cash‚ receivables‚ or inventory? Defend you answer. DQ2: How can different accounting methods affect an organization’s net income? Talk specifically about estimations of bad debt and inventory. DQ3: Why would a company choose period inventory tracking over perpetual? Which Method is best? General Questions - General General
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Homework 1 1. CORRECT You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker‚ and the trade occurred on the NYSE. This is an example of D. Secondary market transaction 2. CORRECT Which of the following statements is CORRECT? E. Capital market instruments include both long-term debt and common stocks 3. Talbot Enterprises recently reported an EBITDA of $9.0 million and net income of $2.7 million. It had $3.24 million of interest expense‚ and its corporate
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P2-6B Condensed balance sheet and income statement data for Fellenz Corporation are presented below. FELLENZ CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $40‚000 $24‚000 Receivables (net) 90‚000 55‚000 Other current assets 74‚000 73‚000 Long-term investments 78‚000 60‚000 Plant and equipment (net) 520‚000 407‚000 Total assets $802‚000 $619‚000 Liabilities and
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Direction on qualitative key points in determining materiality in accounting measurements 4. Interpretive guidance for revenue recognition 5. Prompt resolution to the Financial Accounting Standards Boards definition of liabilities issues 6. Targeted reviews of any public company that announces restructuring liability reserves‚ has any major
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future. Another reason may be to generate earnings from investment income. A third reason may be for strategic reasons‚ such as gaining some influence over customers or suppliers. 2. A company might have excess cash that it doesn’t need for operations due to seasonal fluctuations‚ or it could result from a better than normal economic cycle. 3. The typical investment when investing cash for short periods of time is low-risk‚ highly liquid securities that are usually short-term government securities.
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processing centers‚ which are located in Billings‚ Montana; Great Falls‚ Montana; and Clayton‚ Idaho. Prior to her promotion to vice president‚ Ms. Romeros had been the manager of a check processing center in New Jersey. Immediately after assuming her new position‚ Ms. Romeros requested a complete financial report for the just-ended fiscal year from the region’s controller‚ John Littlebear. Ms. Romeros specified that the financial report should follow the standardized format required by corporate headquarters
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The file of ACC 421 Week 4 Discussion Questions comprises: DQ1: What does the statement of cash flows tell you about a company? Why is the statement of cash flows important? Can a company have profits but no cash? Why or Why not? DQ2: What is included in each section of the statement of cash flows? What does each section tell you about the company? Which of the three classifications of activities included on a statement of cash flows is the most important? Why? Business
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Bishop’s University Department of Economics The “Day-of-the-Week” Effect: Analysis of Trends in the Daily Returns of Copper and Aluminum Lucas Zawislak and Jennifer Lee Dr. M. Vigneault Applied Economic Analysis March 15th‚ 2013 Introduction According to the neoclassical school of economics‚ asset markets are assumed to be both efficient and random. These two assumptions are the base from which two neoclassical theories are derived: 1) “The Efficient Market Theory” infers that
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8.67% e. 7.89% 5. Johnson ’s preferred stock pays a dividend of $1.25 per quarter‚ and it sells for $60.00 per share. What is its effective annual (not nominal) rate of return? a. 8.32% b. 6.82% c. 7.03% d. 8.60% e. 7.47% 6. Bankston Corporation forecasts that if all of its existing financial policies are followed‚ its proposed capital budget would be so large that it would have to issue new common stock. Since new stock has a higher cost than retained earnings‚ Bankston
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402 Part IV: Building and Managing Systems BUSINESS PROBLEM-SOLVING CASE JetBlue and WestJet: A Tale of Two IS Projects The time had come for both JetBlue and WestJet to upgrade their reservation systems. Each carrier had started out using a system designed for smaller start-up airlines‚ and both needed more processing power to deal with a far greater volume of customers. They also needed features like the ability to link prices and seat inventories to other airlines with whom they
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