External link to Client   Recommendations Assignment

Client   Recommendations Assignment

Client   Recommendations A client comes to you thinking about starting a consulting business.  Your client is specifically interested in what type of entity should be created for this new business.  Based on your readings, or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation.  Based on these advantages and disadvantages, provide a clear recommendation […]

External link to Sales and Administrative Expenses

Sales and Administrative Expenses

Profit   Margin   Year   Ending December 2012 Year   Ending December 2011 Year   Ending December 2010   Revenues 40,000 35,000 33,000   Operating Expenses   Salaries 15,000 10,000 9,000   Maintenance and Repairs 6,000 9,000 10,000   Rental Expense 2,500 2,500 2,500   Depreciation 2,000 2,000 2,000   Fuel 4,000 3,500 2,500   Total Operating Expenses 29,500 27,000 26,000   Operating Income 10,500 8,000 7,000   […]

External link to Cash   Flows Information assignment paper

Cash   Flows Information assignment paper

Cash   Flows Information What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors? Guided Response: Review your peers’ posts. Respond to at least two of classmates, letting […]

External link to Apple’s   Cash Flow Discussion paper

Apple’s   Cash Flow Discussion paper

Apple’s   Cash Flow Go to http://finance.yahoo.com . Enter in “AAPL” and click on the “get quote” button, and it will bring up information on Apple. On the left hand side you’ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize Apple’s cash flow position and what does this statement tell […]

External link to Cash flow information Direct and indirect methods

Cash flow information Direct and indirect methods

Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company’s current accounts:   20X5  20X4 Increase / Decrease)    Current assets   Cash $55,400 $35,200 $20,200   Accounts receivable (net) 83,800 88,000 -4,200   Inventory 243,400 233,800 9,600   Prepaid expenses 25,400 24,200 1,200     Current liabilities   Accounts payable $123,600 […]

External link to Equipment transaction and cash flow reporting 

Equipment transaction and cash flow reporting 

Equipment transaction and cash flow reporting   Dec. 31, 20X4  Dec. 31, 20X3    Property, Plant & Equipment: Land $94,000 $94,000   Equipment 652,000 527,000   Less: Accumulated depreciation -316,000 -341,000 New equipment purchased during 20×4 totaled $280,000. The 20×4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. Determine the cost and accumulated depreciation of the equipment […]

External link to Overview of direct and indirect methods 

Overview of direct and indirect methods 

Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. a. Both the direct and indirect methods will produce the same cash flow from operating activities. b. Depreciation expense is added back to net income when the indirect method is used. c. One of the advantages of using the direct method […]

External link to Classification of activities paper

Classification of activities paper

Classification of activities Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ________ Received $80,000 from the sale of land. b. ________ Received $3,200 from cash sales. c. ________ Paid a $5,000 dividend. d. ________ Purchased $8,800 of merchandise for cash. e. ________ Received $100,000 from the issuance of common stock. f. […]

External link to Critical Thinking Question paper

Critical Thinking Question paper

Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions, such as the exchange […]

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