S.W.O.T. Analysis of Enron MBA 503 University of Phoenix 05/10/06 Describe the Situation "Enron is now officially out of the energy business. They are now in a new business: confetti." Jay Leno http://politicalhumor.about.com/library/blenronscandal.htm It is a shame that one of the most powerful companies has now gone out of business‚ had reputations destroyed and used millions of tax payers dollars on court costs; all due not having good business ethics. This paper
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Average inventory ($188‚000 + $208‚000)÷ 2 5. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 6. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 7. LIFO cost of goods sold ($22.2 billion) = FIFO cost of goods sold ($22 billion) + the increase in LIFO reserve ($0.2 billion) 8. An overstatement of ending inventory overstates current assets and understates cost of goods sold and therefore overstates net income this year‚ the understate net income of
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CIS 8060 Case Brief Grade Assessment Group Number/Name: The A-team Student Names: Paul Tran‚ Sukumar Pant‚ Vaibhav Choudhary Criteria Score and Comments Identifying Problems & Issues [15 points] • Use of case facts to diagnose core problems and issues • Effectiveness in framing the problem & issues Analysis of Issues [50 points] • Meaningful criteria identified for the analysis of problems and issues • Effective use of case data • Application of concepts and theories • Insightful
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Math for Business and Finance‚ HIT 105 Examination Number (06044200) ANSWERS TO EXAMINATION 1) Bank Balance 2‚950.00 Less outstanding ck# 124 (1‚080.00) Less outstanding ck# 138 (720.00) Add deposit in transit 3‚200.00 Adjusted Bank Balance 4‚350.00 Book Balance 4‚010.00 Less bank fee for checks (12.00) Less bank fee for NSF (18.00) Less ATM withdrawal (30.00) Add Broom note collected 400.00 Adjusted Book Balance 4‚350.00 2) 5E+7P = 85 P = 15-E 5E+7(15-E)
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IAS 2 Inventories This version includes amendments resulting from new and amended IFRSs issued up to 31 March 2004. The section “Changes in this Edition” at the front of this volume provides the application dates of these new and amended IFRSs and also identifies those current IFRSs that are not included in this volume. International Accounting Standard 2 Inventories (IAS 2) is set out in paragraphs 1-42 and the Appendix. All the paragraphs have equal authority but retain the IASC format of the
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AGW610 LESSON 3 CASE 3: Morgan Manufacturing Charles Crutchfield‚ manager of manufacturing operations at Morgan Manufacturing‚ was evaluating the performance of the company. Given his position‚ he was primarily interested in the health of the operating aspects of the business. At Morgan‚ the gross margin percentage was considered to be a key measure of operating performance; other measures considered to provide essential information on the health of business operations were pre-tax return on sales
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ACC231 – Fall 2014 – Exam 2 Practice Preview - KEY Fall 2014 ⋅ Copyright © School of Accountancy‚ Arizona State University 1. What is the gain or loss on the sale of equipment that originally cost $20‚000‚ has $14‚000 of accumulated depreciation and is sold for $11‚000? a. $9‚000 loss b. $23‚000 loss c. $5‚000 gain d. $3‚000 loss 2. On February 1‚ 2014‚ Bob Inc.‚ has the following balances for accounts receivable and allowance for doubtful accounts: Accounts Receivable -- $330‚000; Allowance for
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The three methods are used but I believe the best to use would be FIFO method. This gives companies the most true statement of what the cost of goods were in a period. Following GAAP and reporting financial statements using the same inventory method help create strong financial opinion. Having a decrease in inventory
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diluted (the denominator used in calculating diluted earnings per share) in 2008? a. 2‚329 thousand b. 293‚479 thousand c. 295‚808 thousand d. 589‚287 thousand e. None of the above 3. Companies using FIFO are required to disclose what their inventory would have been if the company had used LIFO. Please indicate if the above statement is true of false. a. true b. false 4. The 2008 financial statements of Walgreen’s reported the following information (in millions). Walgreen’s Co. | 2008 |
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ACCT 2300 Final Exam Review Sheet 1. Chapter 1 a. Types of businesses b. Purpose of accounting & Primary users of information c. Purpose of Financial Statements d. Conceptual Framework 2. Chapter 2 a. Objectives of Financial Reporting b. Financial Statements – Know how to calculate each and all the parts in them b.i. Income Statement – Single and Multi-Step Net Sales - COGS Gross Profit Operating Expenses: - General and Administrative Expenses - Selling Expenses
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