Team Learning Summary Week Three By: Alicia Pepitone‚ Mohil Shah and Tillie Richardson ACC/290 08/18/2012 Michael Mitchell Team Learning Summary According to IRS‚ "Cash and accrual based accounting both have general rules of putting in the gross income. With cash you must also enter property and services at their fair market value. Accrual is the income for the tax year that all events of income occurred. Accrual based accounting have special rules for
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Strengths of IPO Going public through an Initial Public Offering‚ or IPO‚ could be a great way for Berry’s Bug Blasters to raise a substantial amount of cash very quickly. This infusion of cash‚ if managed properly‚ could help their company expand into other geographic regions or expand their service offerings. They could use this cash‚ which they would otherwise not have‚ to purchase the necessary equipment to improve their pest treatment services. For example‚ by investing in “greener” pest
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Running Head: BERRY’S BUG BLASTERS Berry’s Bug Blasters FIN 370 January 18‚ 2010 Berry’s Bug Blasters Berry’s Bug Blasters is a privately held pest control company that has been in business since at least 2005. They offer customers one time treatment and monthly service plans‚ as well as chemicals to allow customers to complete some treatment on their own to eradicate a variety of pests‚ including: roaches‚ termites‚ ants‚ scorpions‚ rodents‚ armadillos‚ snakes‚ bed bugs‚ silverfish and
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Memo To: Huffman Trucking CEO From: Date: September 3‚ 2002 ------------------------------------------------- Re: Ratio Analysis Findings Ratios are used to analyze financial statements to determine their profitability‚ liduidity and solvency. Liquidity Ratios are used by suppliers and short-term creditors such as bankers to measure the ability of an organization to pay its maturing short-term financial obligation. This is also used to determine whether the organization will be able to meet
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Ratio Analysis Memo ACC 291 Ratio Analysis Memo For this assignment we need to choose a virtual organization and prepare a memo to the CEO to discuss the findings from our ratio calculations and also submit a horizontal and vertical analysis for the balance sheet and the income statement. The virtual organization our team chose was Berry’s Bug Blasters. Listed first in this paper will be the ratio calculations; liquidity‚ profitability‚ and solvency. Solvency Ratios | Debt to Total
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Income Statement 1/1/2008 - 12/31/2008 | Revenue | | | $3‚249‚580.53 | | Direct Expenses | | | | Salaries & Wages | $487‚437.08 | | | Vehicle Maintenance | $64‚991.61 | | | Fuel | $20‚449.80 | | | Traps & Chemicals | $1‚378‚203.63 | | | | $1‚951‚082.12 | $1‚951‚082.12 | | | Indirect Expenses | | | | Rent | $39‚338.17 | | | Licenses | $2‚480.00 | | | Insurance | $103‚613.43 | | | Administrative Salaries |
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Ethics ACC/291 August 4‚ 2012 Ethics The Sarbanes-Oxley Act of 2002 was approved in order to keep corporations form scamming the government. The law was a consequence of many corporate scams. This law was to protect the investors and give them the correct information and to make the corporations reveal all information which may impact an investor’s judgment of the corporation. This act/law will make corporations complete an internal audit from time to time as to keep all the information correct
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Direct and Indirect Cash Flow Cassandra Stewart ACC 291 June 18‚ 2014 Susan Schulz / Direct and Indirect Cash Flow Differences between direct and indirect cash flow are just what they seem. Direct statement of cash flow identifies a company’s sources and uses of cash. This cash flow has three sections that include operating‚ investing‚ and financing activities. Operating activities includes receipts and payments from normal business operations. Investing activities include the purchase
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[pic] |Course Syllabus School of Business ACC/290 Version 3 Principles of Account I Course Start Date: : 05/20/2013 Course End Date: 06/24/2013 Group Number: GA12BSB12 | |Copyright © 2011by University of Phoenix. All rights reserved. Facilitator Information hours. I am available to answer questions between class meetings by phone‚ OLS postings or email. Also‚ I will be in class approximately
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Berry’s Bug Blaster Due to the recent success of Berry’s Bug Blasters the owner is seeking to expand operations and has three options in which to fund this expansion. The first option is to take the company public by offering shares of the company in the form of an initial public offering (IPO). The owner can also seek to purchase the struggling competitor. The final option is to merge the business with another pest control company. The owner of the company must weigh each option because each
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