Investing Activities 4 CHAPTER 4-3 Current Asset Introduction Classification Current (Short-term) Assets Resources or claims to resources that are expected to be sold‚ collected‚ or used within one year or the operating cycle‚ whichever is longer. Noncurrent (Longterm) Assets Resources or claims to resources that are expected to yield benefits that extend beyond one year or the operating cycle‚ whichever is longer. 4-4 Current Asset Introduction Cash‚ Cash Equivalents and Liquidity
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and take an item that makes up part of that item and divide them to find the percentage of the item it is. The first vertical analysis I will perform will calculate what percent of the company’s current assets make up their total assets in both 2004 and 2005 for both companies. The current assets in 2004 for the Pepsi company had $8‚639 in
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Pepsi Co. and Coca-Cola’s Vertical‚ Horizontal‚ and Ratio Analysis XACC/280 Submitted by: Lataikeii Evans Date: April 8‚ 2011 Daneene Barton Arbitrating a company’s monetary physical stability inculpate their financial statements (income statements‚ balance sheets‚ and statement of cash flow). These statements must follow the GAAP standards. Sidewise from the statements that are involved in balancing a company or in my case comparing the financial stability of the two successful companies’
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An asset is anything that will give me some value in the future - So Cash and Accounts Receivables are assets‚ and so are machines‚ buildings‚ etc. FINANCIAL STATEMENTS The income statement reflects conditions over a period of time (say Q1 2013)‚ while the Balance sheet reflects the state of the business at a specific point in time (say‚ at end of Q1 2013) Equity is what the owners/stakeholders of the company really have‚ of value. Equity = Assets - Liabilities Asset: Anything that will
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national standards. 4. Framework identifies reporting entities which should prepared financial statements. Frameworks identify common elements of financial statements and gave recognition criteria of these elements (Assets‚ Liability‚ Income‚ Expense‚ Capital- means owner proportion of assets of the company). 5. Framework provides guidelines to accountants about treatment of items‚ where IAS is silent or confusing. 6. Framework helps accountants to understand IAS. Framework also helps users to interpret
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Please read my Hints in parenthesis and mostly underlined for each section of the problem/assignment) 1. Basic concepts. Jean’s Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A)‚ liability (L)‚ revenue (R)‚ or expense (E) from the firm’s viewpoint. (Pages 24‚ 33-34) a. The inventory of boating supplies owned by the company. b. Monthly rental charges paid for store space. c. A loan owed to Citizens Bank
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Ratio: A) Current Ratio = Current Assets / Current Liabilities‚ B) Quick Ratio = (Current Assets – Inventory) / Current Liabilities‚ C) Cash Ratio = Cash / Current Liabilities Asset Utilization Ratios: A) Turnover = Sales / Total Assets‚ B) Inventory Turnover = Cost of Goods Sold / Inventory‚ C) Receivables Turnover = Sales / Accounts Receivables Long-term Solvency Ratio: A) Total Debt Ratio = Total Debt (Current Liabilities + Long term Liabilities) / Total Assets‚ B) Debt-Equity Ratio = Total Debt
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trucks are examples of assets that will last for more than one year‚ but will not last indefinitely. These are some examples of long-lived non-monetary assets. When these assets were acquired‚ the company has made an expenditure. If the company will benefit in the curret period‚ the cost of the goods are expenses. If the benefits are expected in future periods‚ the costs are assets during the current period and the expenditures are capitalized. The cost of these non-monetary assets should be matched with
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of financial position Statement of Assets and Liabilities ● ● ● ● Income Statement ● Statement of financial performance ● ● Assets: What a business owns Liabilities: What a business owes to non-owners Equities: What a business owes to owners Revenues and Expenses Cash flow Statement ● Statement cash inflows and cash outflows ● Operating‚ Investing and Financing Balance Sheet - Assets ● Major Types of Assets ● ● ● Fixed Assets Investments Current Assets ● ● ● ● ● ● ● Cash and cash equivalents
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Finance and Accounting Memo focusing on Managements Role and Responsibilities within ABC Complete Kitchens‚ INC SKS5000-8 Comprehension Strategic Knowledge Studies February 9th‚ 2014 Professor Nick Harkiolakis Memorandum To: The Board of Directors of ABC Complete Kitchens‚ Inc. From: Alexandra Kent Date: February 9th‚ 2014 Subject: Managements responsibilities regarding finances and accounting “Great organizations demand a high level of commitment by the people involved”-
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