You Decide You Decide Activity (125 points) Scenario Summary You are a CPA with an office in NearLakes City and clients consisting primarily of professionals‚ entrepreneurs‚ and small business owners. John Smith‚ Esq.‚ a practicing attorney with offices near yours‚ walks in your office and wants advice from you relating to a recent influx of cash he received as a result of winning a large jury verdict on behalf of his client in a personal injury case. His wife Jane Smith accompanies him during
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if no cash discount is taken‚ the balance is due 30 days after the invoice date. 3 Correct Answer: 4 a 2% cash discount may be taken if paid in 15 days; if no cash discount is taken‚ the balance is due 30 days after the invoice date. 7 Question 7 1 out of 1 points 1 1 1 1 The most important function of an underwriter for a promissory note issue is to: 1 1 Selected Answer: 2 buy the issue of securities from the corporation and resell it to investors 3 Correct Answer:
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* Use a spreadsheet to develop a point-scoring matrix and determine which system Mark should select. Software | | | Weighted Score | weighted score | weighted score | Fulfillment of business needs | 100 | | 600 | 800 | 900 | Acceptance in marketplace | 30 | | 180 | 180 | 180 | Quality of documentation | 50 | | 350 | 450 | 400 | Quality of warranty | 50 | | 200 | 400 | 350 | Ease of use | 80 | | 560 | 480 | 400 | Control features | 50 | | 450 | 350 | 450 | Flexibility
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A. 1. Net Operating Profit after Taxes (Operating Income x (1-Tax Rate) NOPAT for 2011 = 108.6 (1-.40) =$65.16 2. Net Operating Working Capital for 2011 is calculated through Taking your Current Assets less – Non-Interest Bearing Current Liabilities NOWC for 2011 = ($5.6 + $56.2 + $112.4) – ($11.2 + $28.1) = $134.9 million. 3. Net Capital for 2011 is calculated the sum of NOWC (already shown as) 134.9 million + Net Fixed Assets (2011 Projected PP&E) of 397.5 = Net Capital for 2011 of = $134
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NOTE: YOU WILL NOT RECEIVE YOUR FINAL PROJECT GRADE ON TIME IF YOU DO NOT SUBMIT YOUR EVALUATION. Final opens Friday and closes Wednesday. Week 7 Notes: -Chapter8 WAP v.s WEP: WAP is more secure‚ all information is encrypted but a hacker can get your information easily from WEP because there is a constant IP address unique to your computer. WAP constantly changes your IP address‚ making it difficult to hack and steal your information. If your wireless is not encrypted/protected‚ YOU are not
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MONDAY- POST THESE TO THE MAIN CLASSROOM FORUM [please don’t start answering these DQs until Sunday or Monday‚ thanks] Complete and post a comprehensive weekly summary - please note what you got out of the week‚ what you still have questions on‚ etc. Please do not simply review the week’s reading for me. INDIVIDUAL ASSIGNMENT DUE MONDAY- POST TO YOUR ASSIGNMENTS AREA Individual Financial Statements Paper
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of rental = Net present value Net present value = $650‚000 - $54‚901.98 =$595‚098.02 When comparing these three options‚ we should choose option 3 which is building C. Building C has the lowest present value which means that the lowest costs. E 7-2 (Determining Cash Balance) 1. Only checking account balance of $925‚000 should be reported as cash. Certificate of deposit $1‚400‚000 is a temporary investment‚ short – term paper (penalties to early conversion to cash). Cash advance to subsidiary
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Write a four to five (4-5) page paper‚ titled Part I: The Operating Budget for the (Selected Agency) in which you separate the content into sections: 1. Provide background information about the agency‚ mission‚ goals‚ objectives‚ departments‚ and strategic plan. (Title this section Introduction.) 2. Describe the budget of the agency by addressing the following items: (Title this section Budget Overview.) a. Financial Summary‚ including Revenue and Expenditures b. Department Budgets c.
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E6-5 (Computation of Present Value) Using the appropriate interest table‚ compute the present values of the periodic amounts‚ shown on page 344‚ due at the end of the designated periods. (a) $50‚000 receivable at the end of each period for 8 periods compounded at 12%. 50‚000* 4.9676= $248‚380 (b) $50‚000 payments to be made at the end of each period for 16 periods at 9%. 50‚000* 8.3126= $415‚630 (c) $50‚000 payable at the end of the seventh‚ eighth‚ ninth‚ and tenth periods at 12%. 50‚000*
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Ex 9-2 1 D 2 A 3 C 4 D 5 D 6 B 7 B 8 D 9 C 10 A Ex 13-1 1 B 2 D 3 C 4 A 5 C 6 D 7 D 8 B 9 A 10 A 9-10. MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit 1. DEPRECIATION EXPENSE Accrual 674300 BUILDINGS & EQUIPMENT Accural 674300 2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123 3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049 4. BONDS PAYABLE Accural 50000
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