Before approaching this assignment, be sure that you have watched the following video.   Budgetary Planning featuring Babycakes *FULL VIDEO*. (2016). YouTube.   Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 – 4) page paper in which you address the following. […]

Please answer the following 7 discussion questions inatleast 100 words per question. Do not answer them as an essay. Please answer them under the question set.   1. List five asset accounts, three liability accounts, and five expense accounts included in the acquisition and payment cycle for a typical manufacturing company.   2. Explain the relationship between substantive tests of transactions for the acquisition and payment cycle and […]

“Consolidated Financial Statements – Intra-Entity Asset Transactions” Please respond to the following:   ·         Per the textbook, no official FASB guidance exists on the assignment of income effects on non-controlling interest in the consolidation process, when either the parent transfers a depreciable asset to the subsidiary or vice versa. Suggest one (1) method of accounting for the income effects on the non-controlling interest that you consider […]

Week 2 Discussion Post 1 Minimum of 250 words APA Format     Why do you think there is a difference in recording capital vs. operating leases? Do you think this difference is valid or should all leases be recorded the same? Do not forget to note your source and in-text citation in APA format and include the complete library website or document number.

  Journalize the following December 2015 transactions in the computerized accounting system selected: December 1: Issued to Larry and Samantha West 10,000 shares of common/capital stock each, in exchange for a total of $200,000 cash. December 1: Purchased for $240,000 all of the equipment formerly owned by LMNOP Rental. Paid $140,000 cash, and issued a one-year note payable for $100,000. December 1: Paid $12,000 to HJW Realty as three months […]

OL 421 Final Project Guidelines and Rubric Overview You will complete a capstone that integrates the knowledge and skills you have developed in the business core coursework and over the duration of the term by creating an executive summary that highlights the performance of your company from the Capsim simulation. The executive summary is your opportunity to show your knowledge of the organization, products, and […]

ACC/290 Principles of Accounting I   (8 questions 100 word answers)     1. What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? Pick one and describe in detail how it works.  How does your company, or a company you are familiar with, determine what cost flow assumption it should use?   2. How […]

a. Build your own spreadsheets to develop and capture your financial statement forecast assumptions and data for Starbucks. Building your own financial statement forecast spreadsheets is a valuable learning experience. You can use the PepsiCo examples presented throughout this chapter as models to follow in building your spreadsheets. If you have already had the learning experience of building forecast spreadsheets, you can build your financial statement forecasts using the FSAP template for Starbucks that accompanies this book. If you want to start from […]