Problem sET A Problem 4-1A (40 minutes) Aug. 1 Merchandise Inventory 6‚000 Accounts Payable—Abilene 6‚000 Purchased goods on credit. 4 Accounts Payable—Abilene 100 Cash 100 Paid freight for Abilene. 5 Accounts Receivable—Lux 4‚200 Sales 4‚200 Sold goods on credit. 5 Cost of Goods Sold 3‚000 Merchandise Inventory 3‚000 To record the cost of August 5 sale. 8 Merchandise Inventory 5‚540
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------------------------------------------------- BBA 4201: Financial Statement Analysis & Control 1. Describe some of the analytical uses to which financial statement analysis can be put. 2. What are the sources of financial information? 3. Who are the users of financial statements? 4. What are the objectives of financial statements? 5. What are the limitations of financial statement analysis? 6. Discuss the need for comparative analysis. 7. Identify the tools of financial statement analysis.
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3- The owner of a car wash is trying to decide on the number of people to employ based on the following short production function: Q = 6 L – 0.5 L² Where Q = No. of car washes per hour L = No. of workers a- Generate a schedule showing TP‚AP‚MP.‚ then graph it. L | TPL | MPL | APL | 0 | 0 | 0 | - | 1 | 5.5 | 5.5 | 5.5 | 2 | 10 | 4.5 | 5 | 3 | 13.5 | 3.5 | 4.5 | 4 | 16 | 2.5 | 4 | 5 | 17.5 | 1.5 | 3.5 | 6 | 18 | 0.5 | 3 | 7 | 17.5 | -0.5 | 2.5 |
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------------------------------------------------- Case Study: 3M Q: Can other Companies just copy 3M’s structures and culture and become successful innovators also? 3M’s organizational structure is built around cultures that encourage innovation. From this angle‚ the company was able to develop 6 business strategies to promote entrepreneurship and increase customer satisfaction. For decades‚ 3M has been known as an entrepreneurial organization that pursues growth through innovation. Innovation
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Lynn Christensen Student #0409328077 Financial Accounting Acct. 504 Professor Joyce Stiles Course Project - Kohl’s & JC Penney Submitted: August ‚ 2014 JC Penney’s: Since their founding by James Cash Penney in 1902‚ they have grown to be a major retailer‚ operating 1‚106 department stores in 49 states and Puerto Rico‚ as of January 29‚ 2011. J.C. Penney Corporation‚ Inc. was incorporated in Delaware in 1924 and J.C. Penney Company‚ Inc. was incorporated in Delaware in 2002‚ when the holding company
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Accounting 1B - Post Exam 2 Project 1. Jensen Company purchased a new machine on September 1‚ 2012‚ at a cost of $128‚000. The company estimated that the machine has a salvage value of $8‚000. The machine is expected to be used for 80‚000 working hours during its 8-year life. Instructions: Compute depreciation using the following methods in the year indicated. (a) Straight-line for 2012 and 2013‚ assuming a December 31 year-end. (b) Declining-balance using double the straight-line rate for
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Accounting has a primary function to provide and develop data measuring the performance and disclosure of the company or organization to assist managers‚ investors‚ tax authorities and decision makers. The individual in the role of accounting is called an accountant and he or she has the responsibility to prepare financial statements such as balance sheets‚ income statements‚ and cash flows. The different categories for accounting are financial‚ cost‚ internal and external accounting. Finance has
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(Process – 7 marks‚ Example – 3 marks) Answer : The Process of Problem Identification Many times we face a common problem like‚ deployed our best team to resolve a problem and have the team execute flawlessly‚ only to find that the problem that was solved did not address the customer’s real need? This common situation cause customer and is all too prevalent in today’s nonprofit business environment. Creative Problem Solving Buffalo(CPPSB)-Accurately framing the problem is the most important step of
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Independent External Auditor A. The corporation’s independent auditor is Price Waterhouse Coopers LLP. They are located in Dallas‚ Texas.(37) B. The auditor believes that the financial statements were presented fairly as a result of them issuing a report on the effectives of their internal control over financial reporting as of January 29‚ 2011.(F2) 3. It provides complete balance sheets for two years‚ cash flow statements for 3 years‚ and 3 years of income statements. 4. Income statement(23)
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management ordinarily considers both financial and nonfinancial information. 3. In incremental analysis‚ total variable costs will always change under alternative courses of action‚ and total fixed costs will always remain constant. 4. Accountants are mainly involved in developing nonfinancial information for management ’s consideration in choosing among alternatives. 5. Decision-making involves choosing among alternative courses of action. 6. Financial data are developed for a course of action
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