relying on financial statements. By applying ratios to a set of financial statements‚ we can better understand financial performance. Statement of the Problem The debt ratio compares a company ’s total debt (the sum of current liabilities and long-term liabilities) to its total assets (the sum of current assets‚ fixed assets‚ and other assets such as ’goodwill ’)‚ which is used to gain a general idea as to the amount of leverage being used by a company. It compares the funds provided by creditors
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Case Study 1 Professor Blankenship Accounting 504 July 28‚ 2013 Salithia Smith Requirement 1- Prepare the Journal Entries in the General Journal Flower Landscaping Corporation General Journal Date Description Debit Credit |March 1 |Cash |72000 | | | |Common Stock
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while cosmetic dentistry consists of teeth whitening‚ veneers‚ and gap removal. The Tooth Fairy is forecasted to reach profitability by month 10 and have respectable third year profits. 2.1 Company Ownership The Tooth Fairy is an Oregon limited liability corporation owned by Steve Extractor. 2.2 Start-up Summary The following are
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Church Business Plan [Company Name] Contact: [Name] Address: [Address] [Address] Phone: XXX-XXX-XXXX Fax: XXX-XXX-XXXX Email: [Email Address] Confidentiality Agreement The undersigned reader acknowledges that the information provided by [Company Name] in this business plan is confidential; therefore‚ reader agrees not to disclose it without the express written permission of [Company Name]. It is acknowledged by reader that information to be furnished in this business plan
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an explanation of the three tools of financial statement analysis and the function of each. · Examine PepsiCo‚ Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting‚ especially its Current Assets‚ Current Liabilities‚ and Total Assets for years 2005 and 2004. · Calculate the following for PepsiCo‚ Inc. and show your work: o The Current Ratio for 2005 o The Current Ratio for 2004 o Two measures of vertical analysis—compute the
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1. What guidance does the Codification provide on the classification of current liabilities? (reference & brief explanation) - Reference: FASB ASC 210-10-45-5 through 45-12 Explanation: Current liabilities are obligations due within a year. On the balance sheet the listing of current liabilities start with obligations that arise from the operating cycle such as payables incurred in the acquisition of materials and supplies‚ collections received in advance of the delivery of goods or performance
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millions) Assets 2007 2006 Current assets $8‚076 $7‚346 Property‚ plant‚ and equipment (net) 1‚678 1‚658 Other assets 934 866 Total assets $10‚688 $9‚870 Liabilities and Stockholders’ Equity Current liabilities $2‚584 $2‚612 Long-term liabilities 1‚079 973 Stockholders’ equity 7‚025 6‚285 Total liabilities and stockholders’ equity $10‚688 $9‚870 Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases‚ use either
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issue common stock for cash; acquire a building by mortgaging a portion of the purchase price‚ or issue common stock in exchange for convertible bonds. These investing and financing activities affect the amount and structure of a firm’s assets‚ liabilities‚ and shareholders’ equity. The total assets of a firm and the claims on assets also change every day because of operating activities. The firm engages in daily business operations to generate revenues and create assets‚ but to do so‚ the firm must
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1 for 2 reverse stock split All accounts are not affected. However‚ number of shares will decrease to 500‚000 while par value per share will increase to $20. A company whose stock stock is selling for $60 has the following balance sheet: Assets Liabilities Preferred stock Common stock ($12 par; 100‚000 shares outstanding) Paid-in capital Retained earnings Construct a new balance sheet showing the effects of 3 for 1 stock split‚ What is the new price of the stock? Assets 2. 30‚000‚000 14‚000
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Dubai Pet World -Grooming and Kennel Center Business Description Dubai Pet world Grooming and kennel centre was founded in 2007‚ is a profit making organization and intends to capture a big share of the growing pet market. After two years of operations the company went public. The company is only luxury services provider of boarding & grooming to the pets in Dubai. Although the product offered by the company are unique but the customer wanted all the pet facilities under one roof‚ which
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