2024 ACCT 504 Accounting and Finance Managerial Use Final Exam Set 4 Devry Assignment Help

ACCT 504 Accounting and Finance Managerial Use and Analysis Final Exam Set 4 2023

ACCT 504 (Accounting and Finance, Managerial Use and Analysis) Final Exam Set 4 1. (TCO A) Which of the following is an advantage of the sole proprietorship relative to the corporate form of business organization? (Points : 5) 2. (TCO A) Dividends _____. (Points : 5) 3. (TCOs A, B) Below is a partial list of account balances for LBJ Company: Cash $15,000 Prepaid insurance 5,000 Accounts receivable 2,500 Accounts payable 3,000 Notes payable 6,000 Common stock 10,000 Dividends  500 Revenues 15,000 Expenses 13,000 What did LBJ Company show as total debits? (Points : 5) 4. (TCOs B, E) Why is the accrual basis of accounting preferred by GAAP? (Points : 5) 5. (TCO D) In a period of increasing prices, which inventory cost flow assumption will result in the highest amount of net income?(Points : 5) 6. (TCOs A, E) Equipment was purchased for $75,000 on January 1, 2011. Freight charges of $3,200 were incurred and there was a cost of $6,000 for installation. It is estimated the equipment will have a $12,000 salvage value at the end of its 5-year useful life. Depreciation expense for 2011 using the straight-line method will be _____. (Points : 5) 7. (TCO D,G) Payne Corporation issues 100 twenty-year, 6%, $1,000 bonds dated July 1, 2010, at 94. The journal entry to record the issuance will show a _____. (Points : 5) 8. (TCO C) Accounts receivable arising from sales to customers amounted to $80,000 and $100,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $1,000,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____. (Points : 5) 9. (TCO F) If you are making comparisons within a company to detect changes in financial relationships and significant trends, you are performing what type of analysis? (Points : 5) 10. (TCO F) The formula for performing horizontal analysis is _____. (Points : 5) 11. (TCO F) Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time _____.(Points : 5) 12. (TCO F) A common measure of liquidity is _____. (Points : 5) 13. (TCO F) Short-term creditors would be most interested in which of the following ratios? (Points : 5) 14. (TCO G) To calculate the market value of a bond, we need to _____. (Points : 5) 1. (TCO A) Use the following partial financial statement information below to calculate the liquidity and profitability ratios. This information can be used to correctly solve each of the ratios below. Average common shares outstanding 35,000 Current liabilities $25,000 Capital expenditures $20,000 Net income $50,000 Cash provided by operations $77,000 Net sales $100,000 Preferred stock dividends paid $30,000 Total liabilities $50,000 Current assets $20,000 Total assets $80,000 Instructions: Compute the following. a) Current ratio b) Working capital c) Earnings per share d) Debt-to-total-assets ratio e) Free cash flow 2. (TCO D) The Oxford Company has budgeted sales revenues as follows. Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on credit, with 60% paid in the month of purchase and 40% in the month following purchase. Budgeted inventory purchases are $260,000 in October, $180,000 in November, and $84,000 in December. Other budgeted cash receipts include (a) the sale of plant assets for $49,400 in November and (b) the sale of new common stock for $67,400 in December. Other budgeted cash disbursements include (a) operating expenses of $27,000 each month, (b) selling and administrative expenses of $50,000 each month, (c) dividends of $76,000 to be paid in November, and (d) purchase of equipment for $24,000 cash in December. The company has a cash balance of $40,000 at the beginning of December and wishes to maintain a minimum cash balance of $40,000 at the end of each month. An open line of credit is available at the bank and carries an annual interest rate of 12%. Assume that all borrowing is done on the first day of the month in which financing is needed and that all repayments are made on the last day of the month in which excess cash is available. Also assume that $14,000 of financing was obtained on November 1. Requirements: Use this information to prepare a schedule of expected cash payments for purchases of inventory for the months of November and December only. This question does not require creation of an entire cash budget so please only create the schedule that is asked for in the question because otherwise you will be wasting valuable time. 3. (TCOs B, E) The following items are taken from the financial statements of Lansing Company for 2010. 4. (TCO D) Your friend James has hired you to evaluate the following internal control procedures. 5. (TCOs D, E) Please prepare the following journal entries. Indicate which account should be debited with the abbreviation DR in front of the account name and which account should be credited with the abbreviation CR in front of the account name along with the dollar amount of the debit and credit. 6. (TCO C) Please indicate which section of the statement of cash flows should contain each of the following items and whether each item would result in an inflow or outflow of cash. The sections are Operating, Investing, and Financing.

2024 BUS 365 WK 8 Assignment 2 – Developing an e-Commerce Plan, Part 2 Assignment Help

BUS 365 WK 8 Assignment 2 Developing an e Commerce Plan Part 2 This 2023

BUS 365 WK 8 Assignment 2 – Developing an e-Commerce Plan, Part 2 This is Part 2 of the paper you started in Assignment 1. Start by revising Part 1 of your paper based on your instructor’s feedback. Write a 5-7 page paper in which you: 1. Assess the company’s current business strategy and identify changes that are necessary to accommodate the e-commerce strategy. 2. Elaborate on the specific rationale for implementing the e-commerce solution. 3. Propose specific and unique applications that are likely to be useful (e.g., social media, planning and control systems, and business intelligence).

2024 Due In 5 Hours – Week 5 – Assignment: Critique Ethical Issues Regarding Information Technology Assignment Help

You have been hired as a consultant in the IT Department at Northcentral University One of the University s 2023

You have been hired as a consultant in the IT Department at Northcentral University. One of the University’s current goals is to minimize security threats and prevent breaches. To accomplish this, you have been asked to research last year’s “major hacks” to understand technology, information security measures, and issues in security management. Prepare a report for the IT supervisor that includes the following: Select one major incident to research regarding technological breaches. Identify the company that was affected, and then describe this incident and why you selected it. Explain the implications associated with this breach, specifically in terms of privacy laws and violations of the law. Analyze the impact that these technological breaches have on consumer safety and well-being. What recommendations would you make to this organization to further protect the privacy of clients? Support your report with a minimum of five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Length: 5-7 pages, not including title and reference pages Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.

2024 Cover and Thank You Letters Assignment Help

Cover and Thank You Letters Find a job ad for a position you would be interested in once you 2023

Cover and Thank You Letters Find a job ad for a position you would be interested in once you graduate. Write a targeted cover letter responding to the ad. Assume you were given the opportunity to interview for the position. Write a post-interview thank you letter to the employer. Submit your cover and thank you letters and the job ad to the dropbox. Be sure to proofread and spell check your work before you submit it. The grading rubric is also available below: Cover & Thank You Letters Grading Rubric This document contains a grading rubric for this assignment. Criteria that Submitted Assignment Meets Total Points Possible for Assignment Award full credit only if: (1) the cover letter is targeted to the job ad and links the student’s skills to the job requirements; (2) both letters contain appropriate content; (3) both letters are formatted in standard business style; (4) both letters have flawless grammar and spelling; (5) submission includes the job ad. 100 Deduct points if: (1) the cover letter is not targeted sufficiently to the job ad and fails to link the student’s skills to the job requirements (maximum deduction 30 points) ; (2) the letters do not contain appropriate content (maximum deduction 20 points) ; (3) the letters are not formatted in standard business style (maximum deduction 20 points) ; (4) there are grammatical and spellingerrors (maximum deduction 20 points) ; (5) the job ad was not submitted with the letters (deduct 10 points) . 0-100

2024 2 Discussion in Busines Assignment Help

There is 2 discussions which deals in business 1 Franchises have been forced to adjust their entire 2023

There is 2 discussions, which deals in business 1. Franchises have been forced to adjust their entire operations in marketing, recruiting, packaging, etc. due to the continuing change in demographic shifts. Research and discuss a franchise that has participated in recent operational changes due to demographic shifts (i.e., car dealerships, home health care, retail, etc). 2. Explain why decision-making is more complex in the international environment, using a current article (within the past two years) as an example. Each have to be 100 words