Running Head: Current and Noncurrent Assets Paper Current and Noncurrent Assets Paper <Name> ACC/400 – Week One Instructor’s Name: <Name> <Date> Introduction Current and non-current assets are important items to evaluate a balance sheet. The following paper evaluates the meaning and differences between current and non-current assets. In addition to that‚ the paper will describe the order of liquidity and its application in a balance sheet. A company’s balance sheet includes
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References: Kimmel‚ P. D.‚ Weygandt‚ J. J.‚ & Kieso‚ D. E. (2007). Financial accounting: Tools for business decision making (4th ed.). Hoboken‚ NJ: John Wiley & Sons. Vietz‚ Osmond. Weaknesses in an Internal Audit Control System. (2012).http://www.smallbusiness.chron.com/weaknesses-internal-audit-control-system-3810.html Williams‚ J. R.‚ Haka‚ S. F.‚ & Bettner‚ M. S. (2005). Financial & managerial accounting: The basis for business decisions (13th ed.). New York‚ NY: McGraw-Hill
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I recommend doing this with any content you buy online whether from me or from someone else. BYP13-4 The Coca-Cola Company and PepsiCo‚ Inc. provide refreshments to every corner of the world. Selected data from the 2004 consolidated financial statements for The Coca-Cola Company and for PepsiCo‚ Inc.‚ are presented here (in millions).Coca-Cola PepsiCoTotal current assets $ 12‚094 $ 8‚639Total current liabilities 10‚971 6‚752Net sales 21‚962 29‚261Cost of goods sold 7‚638 13‚406Net income 4
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FINANCIAL STATEMENTS | Analyzing and Interpreting Financial Statements | | This paper will demonstrate my understanding of financial accounting and why generally accepted accounting principles (GAAP) are important. I will discuss how financial statements are used in the marketplace. I will describe each financial statement and tell what it reveals about the business. I will explain how the statements are linked and show examples. I will explain the notes to the financial statements. I will
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Assignments from the Readings October 17‚ 2011 ACC/400 University of Phoenix John R. Triplett Team B: Assignment from the Readings Ch. 11: Interpreting Financial Statements BYP11-4 BYP11-4 Marriott Corporation split into two companies: Host Marriott Corporation and Marriott International. Host Marriott retained ownership of the corporation’s vast hotel and other properties‚ while Marriott International‚ rather than owning hotels‚ managed them. The purpose of this split was to free Marriott
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Module 4 Analyzing and Interpreting Financial Statements DISCUSSION QUESTIONS Q4-1. Return on investment measures profitability in relation to the amount of investment that has been made in the business. A company can always increase dollar profit by increasing the amount of investment (assuming it is a profitable investment). So‚ dollar profits are not necessarily a meaningful way to look at financial performance. Using return on investment in our analysis‚ whether as investors or business
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70‚000 units 80‚000 units 90‚000 units Sales $1‚400‚000 $1‚600‚000 $1‚800‚000 Cost of goods sold 840‚000 960‚000 1‚080‚000 Gross profit on sales $560‚000 $640‚000 $720‚000 Operating expenses ($90‚000 fixed) 370‚000 410‚000 450‚000 Operating income $190‚000 $230‚000 $270‚000 Income taxes (30% of operating income) 57‚000 69‚000 81‚000 Net income $133‚000 $161‚000 $189‚000 Assume that the cost of goods sold and variable operating expenses vary directly with sales and the income taxes remain
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* Jonda Brantley * 11/09/2012 * ACC 220 Wk 2 Financial Statement * * A balance sheet is summary of a company’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. It allows the company to know what they have been paying for or what they owe out to people. An income statement is a report that tracks a company’s revenues‚ gross profits‚ operating income‚ and net worth. All businesses need to have revenue in order to establish a good foundation
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Financial Statements Paper Your Name Principles of Accounting – ACC/280 Date Instructor Name Financial Statements Paper The purpose of accounting is to provide a means of reporting‚ recording‚ summarizing‚ and interpreting economic data within an organization. Accounting is used by everyone in one form or another. Everyone should have a basic understanding of accounting as it could be extremely beneficial to everyone. Within every company there should be an accounting department
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Financial Statement Differentiation Paper Jasmine Unger ACC/561 April 8‚ 2013 Professor Timothy Jared Financial Statement Differentiation Paper Financial statements provide documentation of a company’s financial history for a set timeframe. One of the financial statement used by investors‚ creditors‚ and mangers is the balance sheet. The second statement used by accountant’s income statement‚ which is also important to shareholders. The third statement is the retained earnings statement‚
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