References: Kimmel‚ P. D.‚ Weygandt‚ J. J.‚ & Kieso‚ D. E. (2009). Accounting: Tools for business decision making (3rd ed.). Hoboken‚ NJ: John Wiley & Sons Appendix A
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liquidity‚ solvency‚ and profitability. As a result of our analyses‚ we have chosen the Hershey Company. Liquidity Liquidity ratios "measure short-term ability of the company to pay its maturing obligations and to meet unexpected needs for cash" (Kimmel Weygandt‚ & Kieso‚ 2007‚ p. 74). The higher the ratio value the larger the margin of safety that the company possesses to cover short-term debts. The liquidity ratios we used in analyzing both Hershey and Tootsie Roll are the current ratio‚ current
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Throughout history there has been a power struggle between men and women. According to the Bible‚ women were made from men‚ and also for men. Some would say that throughout time‚ men have always felt superior to women‚ and that women have assumed more of a subservient role. The woman in Ursula Le Guin’s short story “She Unnames Them” takes the initiative of removing the names of all creatures on earth‚ which were named by man. This effort was to break the barrier‚ create equality‚ and end the power
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Super Bakery Inc. will benefit from implementing activity-based costing system because‚ “in activity-based costing system‚ activity is any event‚ action‚ transaction‚ or work sequence that incurs cost when producing a product or providing a service” (Kimmel‚ 2009‚ pg. 867). Very important detailed information on how these costs are processed through the company’s work flow. The activity-based costing system shows the company management all the deficiencies‚ where cost improvements are needed‚ and where
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income (Weygandt‚ Kieso‚ and Kimmel‚ p. 23). The owner’s equity statement summarizes the changes in owner’s equity for the same time period that the income statement covers and indicates why the owner’s equity has increased or decreased during that time period. The data included in the owner’s equity statement is derived from the income statement. It shows the owner’s beginning equity‚ investments‚ net income or loss‚ and the drawings of the owner (Weygandt‚ Kieso‚ and Kimmel‚ p. 23). The purpose of the
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Costing Methods Franco Harris’ company Super Bakery‚ Inc. has seen significant success along with continued growth throughout its existence. The authors point out that the company has enjoyed a 20% average growth “during most of its existence” (Kimmel‚ Weygand‚ & Kieso‚ 2009). The purpose of this analysis is to identify strategies used by the company‚ discuss the agreement for the company to install an activity based costing system‚ and explain why a job order process system would be another viable
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Cash Flow University of Phoenix Cash Flow “The statement of cash flows reports the cash receipts‚ cash payments‚ and net change in cash resulting from operating‚ investing‚ and financing activities during a period” (Weygandt‚ Kimmel‚ & Kieso‚ 2010‚ p. 614). Companies are required to prepare a statement of cash flow because it contains important information about the company that deems useful for external sources‚ such as investors‚ to make educated decisions about a company. The
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basis of double entry accounting. The equation places debits and credits on each side of the equation with a balance on each side being required. The debits are accounted for as assets‚ while the credits fall under liabilities and shareholder equity. (Kimmel‚ Weygandt‚ and Kieso‚ 2011) The equation looks like: Assets = Liabilities + Shareholder Equity. A system of journal entries that show a debit and credit for each entry is used to enter the information. At the end of the accounting period‚ a ledger
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world where boys become men. Michael Loebig 11/28/11 Guyland can be defined as the world in which young men live (Kimmel 2008‚ pg. 4). It’s a stage these young men go through from the time they hit adolescence to the time they enter manhood (from about 15 to 26). It’s a world where guys just act as guys‚ untouched by the adult life of parents‚ jobs‚ kids‚ girlfriends‚ etc. Kimmel (2008) describes it as a “Peter-Pan mindset”‚ where these kids live in a realm of fun and freedom and never want to
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in the good ’Ole Days? It was early December 2008‚ and Baskin-Robbins Brand Officer Ken Kimmel had just returned from lunch. To his surprise‚ his walk from the parking lot to the Randolph‚ Massachusetts‚ headquarters building had quickly turned into a sprint. Kimmel was trying to avoid the chilly effects of a Nor’easter that was whipping most of New England with arctic winds. Like the nasty weather that Kimmel had just escaped‚ the frozen-food retailing industry had become more hostile to Baskin-Robbins
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