ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

Description

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Entire Course

ACCT 504 Week 1-7 All Discussion Questions

ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation

ACCT 504 Week 4 Midterm Exam Set 1

ACCT 504 Week 4 Midterm Set 2

ACCT 504 Week 4 Midterm Set 3

ACCT 504 Week 5 Case Study 2 Internal Control – LJB Company

ACCT 504 Week 5 Course Project Draft Spreadsheet

ACCT 504 Week 6 Case Study 3 – Cash Budgeting – LBJ Company

ACCT 504 Week 7 Course Project JCP Kohls

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Case Study 1 (Gordon Construction)

Case Study 1 (Part A)

Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders.3

Purchased supplies, $3,000, and equipment, $5,200, on account.4 Performed services for a client and received cash, $6,300.7 Paid cash to acquire land, $37,000.11 Performed services for a customer and billed the customer, $1,200. Johnson expects to collect within one month.16 Paid partial for the equipment purchased June 3 on account $2,800.17

Paid the telephone bill, $230.18 Received partial payment from customer on account, $700.22 Paid the water and electricity bills, $400.29 Received $5,000 cash for repairing the pipes of a customer.30 Paid employee salary, $4,300.30 Declared and paid dividends of $3,000.▸Requirements

• 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required

.• 2. Post the transactions to the T-accounts, using transaction dates as posting references.

• 3. Prepare the trial balance of Gordon Construction, Inc., at June30, 2014

.• 4. The manager asks you how much in total resources the business has to work with and, how much it owes.Adjust the accounts; construct the financial statements) Record the following month end adjusting entries for Gordon Construction, Inc. at June 30, 2014Month end accruals at June 30, 2014:

• a. Accrued advertising revenue at June 30, $3,100.

• b. Supplies used during June, $3,090.

• c. Accrued salary expense at June 30 for Monday, Tuesday, and Wednesday. The five-day weekly payroll is $6,100 and will be paid on Friday.

Requirement 2Prepare adjusted trial balance for Gordon Construction at June 30, 2014.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Case Study 2 (Williams Oil)

Case study

(Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness:

Situation a. In evaluating the internal control over inventory for the Williams Oil Services Company, an auditor learns that the warehouse receiving clerk is responsible for ordering parts for supply inventory use in drilling services, counts the inventory when received at the dock, records the receipts into the inventory ledger, and takes the annual inventory, No supervisor reviews the receiving clerks work.

Situation b. Nicole Lopez handles employee travel and expense reports for Scott Sales Services. With the growth in the economy, the sales team began traveling extensively gaining new business. Because of the heavy volume, she no longer required the sales team to provide original airline, hotel, or car rental receipts. She told them to just keep their meals under the $100 per day per diem and no receipts were required. She allowed them to use their own credit cards so they could get the frequent flyer points. She required them to turn in a summary of the travel expenses quarterly.

Situation c. Michael Jordon is a new employee hired from Craigs List recommended by a co-worker. Mike was hired as a Human Resource Assistant. Mikes first day on the job he is told that he should follow his own judgments when deciding how employee issues such as hiring and firing of employees, sexual harassment, and ethical infractions should be handled.

Top of Form

? Requirements

1. Identify the missing internal control characteristic in each situation.

2. Identify each firms possible problem.

3. Propose a solution to the problem.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Case Study 3 (Wang Appliance Store)

Construct and use a cash budget) Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company’s budgeting process. Farmer’s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year’s statement of cash flows, which follows (amounts in thousands):

Wang Appliance Store

Statement of Cash Flows

2013

(in thousands)

Cash Flows from Operating Activities

Collections from customers                                                   $51,000

Interest Received                                                                           500

Purchase of inventory                                                             (36,000)

Operating expenses                                                                 (10,200)

Net cash provided by operating activities                       5,300

Cash Flows from Investing Activities

Purchase of equipment                                                              (3,500)

Purchase of investments                                                              (500)

Sale of investments                                                                      1,000

Net cash used for investing activities                             (3,000 )

Cash Flows from Financing Activities

Payment of long term debt                                                            (400)

Issuance of Stock                                                                          2,000

Payment of cash dividends                                                             (500)

Net cash provided by financing activities                          1,000

Cash

Increase (decrease) in Cash                                                            3,300

Cash, beginning of year                                                         2,900

Cash, end of year                                                                            5,900

? Requirements

1. Prepare the Wang cash budget for 2014. Date the budget simply ?2014? and denote the beginning and ending cash balances as ?beginning? and ?ending.? Assume the company expects 2014 to be the same as 2013, but with the following changes:

a. In 2014, the company expects a 20% increase in collections from customers and a 30% increase in purchases of inventory.

b. There will be no sales of investments in 2014.

c. Wang does not plan to issue stock in 2014.

d. Wang plans to end the year with a cash balance of $5,550.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Course Project Analysis of Nike, Inc. and Under Armour, Inc.

Course Project: A Financial Statement Analysis

A Comparative Analysis of Nike, Inc. and Under Armour, Inc.

Below is the link for the financial statements for Nike, Inc. for the fiscal year ending 2014. First, select 2014using the drop-down arrow labeled Year, and then select Annual Filings using the drop-down arrow labeled All.

You should select the 10k dated 7/15/2014,and choose to download in PDF, Word, or Excel format.

http://investors.nike.com/investors/news-events-and-reports/?toggle=filings

Below is the link for the financial statements for Under Armour, Inc. for the fiscal year ending 2014.

First, select Annual using the drop-down arrow labeled View, and then select 2015 using the drop-down arrow labeled Year.

You should select the 10k dated 2/20/2015, and choose to download it in PDF or Excel format.

http://www.uabiz.com/sec.cfm

A sample project template is available for download from the Course Resources page’s Course-Specific Resources section.The sample project compares the ratio performance of Tootsie Roll and Hershey using the 2014 financial statements of Tootsie Roll and Hershey provided at their websites.

Description

This course contains a Course Project, where you will be required to submit one draft of the project at the end of Week 5, and the final completed project at the end of Week 7. Using the financial statements for Nike, Inc. and Under Armour, Inc.,respectively, you will calculate and compare the financial ratios listed further down this documentfor the fiscal year ending 2014, and prepare your comments about the two companies’performancesbased on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in Week 7, and one grade will be assigned for the entire project.

Overall Requirements

For the Final Submission:

Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this project.

1.         A Completed Worksheet Title Page tab, which is really a cover sheet with your name, the course, the date, your instructor’s name, and the title for the project.

2.         A CompletedWorksheetProfiles tab which contains a one-paragraph description regarding each company with information about their history, what products they sell, where they are located,and so forth.

3.         All 16 ratios for each company with the supporting calculations and commentary on your Worksheet Ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different cell.The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio.You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios.You need to specifically state which company performed better for each ratio.

4.         The Summary and ConclusionsWorksheet tab is an overall comparison of how each company compares in terms of the major category of ratios described in Chapter 13 of your textbook.A nice way to conclude is to state which company you think is the better investment and why.

5.         The Bibliography Worksheet tab must contain at least your textbook as a reference. Any other information that you use to profile the companies should also be cited as a reference.

Required Ratios for Final Project Submission

1.         Earnings per Share of Common Stock

2.         Current Ratio

3.         Gross (Profit) MarginPercentage

4.         Rate of Return (Net Profit Margin) on Sales

5.         Inventory Turnover

6.         Days’ Inventory Outstanding (DIO)

7.         Accounts Receivable Turnover

8.         Days’ Sales Outstanding (DSO)

9.         AssetTurnover

10.       Rate of Return on Total Assets (ROA)

11.       Debt Ratio

12.       Times-Interest-Earned Ratio

13.       Dividend Yield[For the purposes of this ratio, use Yahoo Finance to look up current dividend per share and stock price; just note the date that you looked up this information.]

14.       Rate of Return on Common Stockholders’ Equity (ROE)

15.       Free cash flow

16.       Price-Earnings Ratio (Multiple) [For the purpose of this ratio, for Nike, use the market price per share on May 30, 2014,and for Under Armour, use the market price per share on December 31, 2014.]

The Excel files uploaded in the Dropboxes should not include any unnecessary numbers or information (such as previous years’ ratios, ratios that were not specifically asked for in the project, etc.).

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Course Project Oracle and Microsoft Corporation

Course Project                       

Financial Statement Analysis Project — A Comparative Analysis of Oracle Corporation and Microsoft Corporation

Here is the link for the financial statements for Oracle Corporation for the fiscal year ending 2007. First, select 2007 using the drop-down arrow labeled for Year on the right-hand side of the page, and then select Annual Reports using the drop-down arrow labeled Filing Type on the left-hand side of the page.

You should select the 10k dated 6/29/2007 and choose to download in PDF, Word, or Excel format.

http://www.oracle.com/us/corporate/investor-relations/sec/index.html

Here is the link for the financial statements for Microsoft Corporation for the fiscal year ending 2007. You should select the Annual report dated 8/3/2007 and choose to download in Word or Excel format.

http://www.microsoft.com/investor/SEC/default.aspx?year=2007

A sample Project template is available for download in Doc Sharing. The sample project compares the ratio performance of Tootsie Roll and Hershey using the 2007 financial statements of Tootsie Roll and Hershey provided in Appendix A and Appendix B of your textbook.

Description | Overall Requirements | Grade Information           

Description                

This course contains a course project where you will be required to submit one draft of the project at the end of Week 5 and the final completed project at the end of Week 7. Using the financial statements for Oracle Corporation and Microsoft Corporation, respectively, you will calculate and compare the financial ratios listed further down this document for the fiscal year ending 2007 and prepare your comments about the liquidity, solvency and profitability of the two companies based on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in week 7 and one grade will be assigned for the entire project.         

Overall Requirements        

For the Final Submission:

Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this Project.

1.         A completed worksheet title page tab which is really a cover sheet with your name, my name, the class name, and the date.

2.         A completed worksheet profiles tab which contains a one paragraph description regarding each company with information about their history, what products they sell, where they are located etc.

3.         All 18 ratios for each company with the supporting calculations and commentary on your worksheet ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different cell. The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio. You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios.

4.         The Summary and Conclusions worksheet tab which is an overall comparison of how each company compares in terms of the major category of ratios (Liquidity, Profitability, and Solvency).

5.         The Bibliography worksheet tab must contain at least your textbook as a reference. Any other information you use to profile the companies should also be cited as a reference.

Required Ratios for Final Project Submission:

1.         Earnings per Share

2.         Current Ratio

3.         Gross Profit Rate

4.         Profit Margin Ratio

5.         Inventory Turnover Ratio

6.         Days in Inventory

7.         Receivables Turnover Ratio

8.         Average Collection Period

9.         Asset Turnover Ratio

10.       Return on Assets Ratio

11.       Debt to Total Assets Ratio

12.       Times Interest Earned Ratio

13.       Payout ratio

14.       Return on Common Stockholders’ Equity Ratio

15.       Free Cash Flow

16.       Current Cash Debt Coverage Ratio

17.       Cash Debt Coverage Ratio

18.       Price/Earnings Ratio [For the purpose of this ratio, use the market price per share on June 1, 2007 for each company]

The Excel files uploaded to the Dropbox should not include any unnecessary numbers or information (such as previous years’ ratios, ratios that were not specifically asked for in the project, etc.).

Please upload your final submission to the Dropbox by the end of Week 7. See Syllabus/”Due Dates for Assignments & Exams” for due date information.

For the Draft:

Create an Excel spreadsheet or use the Project template to show your computations for the first 12 ratios listed above. The more you can complete regarding the other requirements the closer you will be to completion when Week 7 arrives. Supporting calculations must be shown either as a formula or as text typed into a different cell. If you plan on creating your own spreadsheet, please follow the format provided in the Tootsie Roll and Hershey template file.

Please upload your draft submission to the Dropbox by the end of Week 5. See Syllabus/”Due Dates for Assignments & Exams” for due date information.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Final Exam (3 different finals)

1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization

2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit

3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:

Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 1,000
Dividends 500
Revenues 15,000
Expenses 12,500

What did Cerner Company show as total credits? (Points : 5)
$21,500
$21,000
$20,500
$22,000

4. (TCOs B, E) Using accrual accounting, expenses are recorded and reported only _____. (Points : 5)
when they are incurred, whether or not cash is paid
when they are incurred and paid at the same time
if they are paid before they are incurred
if they are paid after they are incurred

5. (TCO D) Three companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____. (Points : 5)
LIFO will have the highest ending inventory
FIFO will have the highest cost of goods sold
All three companies will have the same value for ending inventory.
average cost will have an ending inventory value that falls between FIFO and LIFO

6. (TCOs A, E) Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? (Points : 5)
$48,000
$52,500
$49,500
$43,500

7. (TCOs D, G) Joyce Corporation issues 1,000 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 102. The journal entry to record the issuance will show a _____. (Points : 5)
debit to Cash of $1,020,000
debit to Discount on Bonds Payable for $20,000
credit to Bonds Payable for $1,020,000
credit to Cash for $1,000,0008. (TCO C) Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $240,000. 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)
$240,000
$250,000
$310,000
$230,000

9. (TCO F) One variation of the horizontal analysis is known as _____. (Points : 5)
nonlinear analysis
vertical analysis
trend analysis
common-size analysis

10. (TCO F) Comparisons of data within a company are an example of the following comparative basis. (Points : 5)
Industry averages
Intercompany
Intracompany
Interregional

11. (TCO F) Which one of the following is not a characteristic generally evaluated in ratio analysis? (Points : 5)
Liquidity
Profitability
Marketability of the product
Solvency

12. (TCO F) Short-term creditors are usually most interested in assessing _____. (Points : 5)
solvency
liquidity
marketability
profitability

13. (TCO F) Long-term creditors are usually most interested in evaluating _____. (Points : 5)
liquidity
marketability
profitability
solvency

14. (TCO G) To calculate the market value of a bond, we need to _____. (Points : 5)
find out the present value of all of the future cash payments promised by the bond
calculate the present value of the principal only
calculate the present value of the interest only
multiply the bond price by the interest rate

1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)

Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization

2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)

the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit

3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:

Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 1,000
Dividends 500
Revenues 15,000
Expenses 12,500

What did Cerner Company show as total credits? (Points : 5)

$21,500
$21,000
$20,500
$22,000

4. (TCOs B, E) A small and private company may be able to justify using a cash basis of accounting if it has _____. (Points : 5)

sales under $1,000,000
no accountants on staff
insignificant receivables and payables
all sales and purchases on account

5. (TCO D) Three companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____. (Points : 5)

LIFO will have the highest ending inventory
FIFO will have the highest cost of goods sold
All three companies will have the same value for ending inventory.
average cost will have an ending inventory value that falls between FIFO and LIFO

6. (TCOs A, E) Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be _____. (Points : 5)

$14,160
$11,760
$9,840
$9,600

7. (TCOs D, G) Mendez Corporation issues 2,000 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 103. The journal entry to record the issuance will show a _____. (Points : 5)

debit to Cash of $2,000,000
debit to Premium on Bonds Payable for $60,000
credit to Bonds Payable for $2,000,000
credit to Cash for $2,060,000

8. (TCO C) Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. 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)

$120,000
$125,000
$155,000
$115,000

9. (TCO F) One variation of the horizontal analysis is known as _____. (Points : 5)

nonlinear analysis
vertical analysis
trend analysis
common-size analysis

10. (TCO F) In a common-size balance sheet, the 100% figure is _____. (Points : 5)

total current assets
total property, plant, and equipment
total liabilities
total assets

11. (TCO F) In vertical analysis, the base amount for studying salary and wages expense is generally _____. (Points : 5)

net sales
salary and wages expense in a previous year
gross profit
net income

12. (TCO F) A common measure of profitability is the _____. (Points : 5)

current ratio
current cash debt coverage ratio
return on common stockholder’s equity ratio
debt to total assets

13. (TCO F) Return-on-assets ratio is most closely related to _____. (Points : 5)

profit margin and debt-to-total-assets ratio
profit margin and asset-turnover ratio
times interest earned and debt-to-stockholders equity ratio
profit margin and free cash flow

14. (TCO G) To calculate the market value of a bond, we need to _____. (Points : 5)

find out the present value of all of the future cash payments promised by the bond
calculate the present value of the principal only
calculate the present value of the interest only
multiply the bond price by the interest rate

1. (TCO A) An advantage of the corporate form of business is that _____. (Points : 5)

it has limited life
its owner’s personal resources are at stake
its ownership is easily transferable via the sale of shares of stock
it is simple to establish

2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)

the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit

3. (TCOs A, B) Below is a partial list of account balances for Denton Company:

Cash $7,000
Prepaid insurance 700
Accounts receivable 3,500
Accounts payable 2,800
Notes payable 4,200
Common stock 1,400
Dividends 700
Revenues 21,000
Expenses 17,500

What did Denton Company show as total credits? (Points : 5)

$30,100
$29,400
$28,700
$30,800

4. (TCOs B, E) A small and private company may be able to justify using a cash basis of accounting if it has _____. (Points : 5)

sales under $1,000,000
no accountants on staff
insignificant receivables and payables
all sales and purchases on account

5. (TCO D) In a period of increasing prices, which inventory cost flow assumption will result in the lowest amount of income tax expense? (Points : 5)

FIFO
LIFO
The average cost method
Income tax expense for the period will be the same under all assumptions.

6. (TCOs A, E) Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be _____. (Points : 5)

$14,160
$11,760
$9,840
$9,600

7. (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5)

debit to Cash of $500,000
credit to Discount on Bonds Payable for $20,000
credit to Bonds Payable for $480,000
debit to Cash for $480,000

8. (TCO C) Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. 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)

$120,000
$125,000
$155,000
$115,000

9. (TCO F) Which one of the following is not a tool in financial statement analysis? (Points : 5)

Horizontal analysis
Circular analysis
Vertical analysis
Ratio analysis

10. (TCO F) In vertical analysis, the base amount for studying salary and wages expense is generally _____. (Points : 5)

net sales
salary and wages expense in a previous year
gross profit
net income

11. (TCO F) Ratios are most useful in identifying _____. (Points : 5)

trends
differences
causes
relationships among different numbers

12. (TCO F) A common measure of liquidity is _____. (Points : 5)

return on assets
current ratio
profit margin
debt to equity

13. (TCO F) Return-on-assets ratio is most closely related to _____. (Points : 5)

profit margin and debt-to-total-assets ratio
profit margin and asset-turnover ratio
times interest earned and debt-to-stockholders equity ratio
profit margin and free cash flow

14. (TCO G) To calculate the market value of a bond, we need to _____. (Points : 5)

find out the present value of all of the future cash payments promised by the bond
calculate the present value of the principal only
calculate the present value of the interest only
multiply the bond price by the interest rate

1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report:
…………………………………………………………………………………………………………………………………………………….

Required:
1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above calculate; Current Ratio, Days in Inventory, Average Collection Period, Return on Assets Ratio, Debt to Total Assets and Return on common stockholders’ equity ratio. (Make sure to show all your work)

2. (TCO B) The following selected data was retrieved from the Wal-Mart, Inc. financial statements for the year ending January 31, 2013:
………………………………………………………………………………………………………………………………………………………………………………………………

Required:

Using the information provided above:
1. Prepare a multiple-step income statement
2. Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings/results.

3. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the 2 questions below:

……………………………………………………………………………………………………………………………………………………………………………………….

Required:

1) Please calculate the percentage increase or decrease in cash for the operating, investing, and financing sections and explain the major reasons for the increase or decrease for each of these sections.

2) Please calculate the free cash flow for 2012 and explain the meaning of this ratio.

4. (TCO D) You are CFO of Goforit, Inc., a wholesale distribution company specializing in emerging technologies. Your CEO is a brilliant marketer, but relies on you to explain issues and choices in accounting and finance. She has heard from other members of a CEO organization to which she belongs that a company’s net income can vary widely depending on which accounting choices are made from the “GAAP menu.”

Assuming the goal is to maximize net income, choose an accounting treatment from each of the following scenarios, and explain to your CEO why the choice will produce the desired effect on reported Net Income for the current year. Include in your answer the effect of the choice on both the income statement and balance sheet.

Required:

a. Goforit carries significant electronics inventory in a competitive environment where prices are actually falling. Which inventory valuation method would you choose—LIFO, FIFO, or average cost? Assume that unit purchases exceed unit sales.

b. Goforit has a large investment in warehouse equipment including conveyor belts, forklifts, and automated packaging systems. Which depreciation method would you choose: Straight line (SL) or double declining balance (DDB)?

5. (TCO F) Please review the following real-world ratios for Johnson & Johnson and Pfizer for the year ended 2012 and address the 2 questions below.

…………………………………………………………………………………………………………………………………………………………………………………………

Required:

1) Please explain the meaning of each of the Pfizer ratios above.

2) Please state which company performed better for each ratio.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Final Exam Guide (2 Set, New 2020)

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Group Course Project (A Comparative Analysis of Celgene Corporation and Gilead Sciences, Inc)

Group Course Project: A Financial Statement Analysis

A Comparative Analysis of Celgene Corporation and Gilead Sciences, Inc.

The students will be assigned to work in teams of two no later than Week 2. The teams will be required to collaborate at least three weeks on the project using a collaboration tool, such as Cisco Spark, or similar technology, and provide evidence of use of the tool. It will be recommended that the students begin their project no later than week 5, when the draft is due, and continue through the end of week 7, when the final project is to be delivered.

Below is the link for the financial statements for Celgene Corporation for the fiscal year ending 2015.

http://ir.celgene.com/sec.cfm?view=all

When you arrive at this website, please do the following.

First, under View, select Annual Filings using the drop-down arrow labeled All Filings and then select 2016 using the drop-down arrow labeled Year,

You should select the 10k dated 2/11/2016 and choose to download in PDF, HTML, or Excel format.  The PDF format is the best format for searching.

Below is the link for the financial statements for Gilead Sciences, Inc. for the fiscal year ending 2015.

http://investors.gilead.com/phoenix.zhtml?c=69964&p=irol-sec

First, select 2016 under the Year filter using the drop-down arrow labeled All Years and then select Annual filings under the Groupings filter using the drop-down arrow labeled All Forms. Press the large Search button to access the requested annual filing for 2016.

You should select the 10k dated 2/24/2016, and choose to download it in PDF, Word, or Excel format. The PDF format is the best format for searching.

A sample project template is available for download from the Course Resources page’s Course-Specific Resources section. The sample project compares the ratio performance of Tootsie Roll and Hershey using the 2014 financial statements of Tootsie Roll and Hershey provided at their websites.

This course contains a Course Project, where you will be required to submit one draft of the project at the end of Week 5, and the final completed project at the end of Week 7. Using the financial statements for Celgene Corporation and Gilead Sciences, Inc., respectively, you will calculate and compare the financial ratios listed further down this document for the fiscal year ending 2015, and prepare your comments about the two companies’ performances based on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in Week 7, and one grade will be assigned for the entire project.

For the Final Submission:

Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this project.

1.      A Completed Worksheet Title Page tab, which is really a cover sheet with your name, the course, the date, your instructor’s name, and the title for the project.

2.      A Completed Worksheet Profiles tab which contains a one-paragraph description regarding each company with information about their history, what products they sell, where they are located, and so forth.

3.      All 16 ratios for each company with the supporting calculations and commentary on your Worksheet Ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different cell. The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio. You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios.  You need to specifically state which company performed better for each ratio.

4.      The Summary and Conclusions Worksheet tab is an overall comparison of how each company compares in terms of the major category of ratios described in Chapter 13 of your textbook. A nice way to conclude is to state which company you think is the better investment and why.

5.      The Bibliography Worksheet tab must contain at least your textbook as a reference. Any other information that you use to profile the companies should also be cited as a reference.

Required Ratios for Final Project Submission

1.      Earnings per Share of Common Stock

1. Current Ratio
2. Gross (Profit) Margin Percentage
3. Rate of Return (Net Profit Margin) on Sales
4. Inventory Turnover
5. Days’ Inventory Outstanding (DIO)

7.      Accounts Receivable Turnover

8.      Days’ Sales Outstanding (DSO)

1. Asset Turnover
2. Rate of Return on Total Assets (ROA)
3. Debt Ratio
4. Times-Interest-Earned Ratio
5. Dividend Yield [For the purposes of this ratio, use Yahoo Finance to look up current dividend per share and stock price; just note the date that you looked up this information.]
6. Rate of Return on Common Stockholders’ Equity (ROE)
7. Free cash flow
8. Price-Earnings Ratio (Multiple) [For the purpose of this ratio, look up the market price per share as of December 31, 2015 for Celgene Corporation and for Gilead Sciences, Inc..]

The Excel files uploaded in the Dropboxes should not include any unnecessary numbers or information (such as previous years’ ratios, ratios that were not specifically asked for in the project, etc.).

Please upload your final submission to the Week 7 Dropbox by the Sunday ending Week 7.

For the Draft:

Create an Excel spreadsheet or use the project template to show your computations for the first 10 ratios listed above. The more you can complete regarding the other requirements, the closer you will be to completion when Week 7 arrives. Supporting calculations must be shown either as a formula or as text typed into a different cell. If you plan on creating your own spreadsheet, please follow the format provided in the Tootsie Roll and Hershey template file.

Please upload your draft submission to the Week 5 Dropbox by the Sunday at the end of Week 5.

Other Helpful Information:

If you feel uncomfortable with Excel, you can find many helpful tutorials on Excel by performing a Google search.

Chapter 13 contains ratio calculations and comparison comments related to Apple and Dell, so you will likely find this information helpful.

BigCharts.com provides historical stock quotes.

Either APA or MLA style can be used to complete the references on your Bibliography tab. There is a tutorial for APA and MLA style within the Plagiarism link, which can be accessed through the Syllabus.

The entire project will be graded by the instructor at the end of the final submission in Week 7, and one grade will be assigned for the entire project. The project will count for 15% of your overall course grade.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Midterm Exam (4 Sets, 2020)

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 1 Homework (E117A E129B E22A E123A E124A)

This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file)

E 1-17A

CoffeeShop Doughnuts has current assets of $280 million; property, plant, and equipment of $430 million; and other assets totaling $170 million. Current liabilities are $170 million and long-term liabilities total $300 million.

1.         Use these data to write CoffeeShop Doughnuts’ accounting equation.

2.         How much in resources does CoffeeShop have to work with?

3.         How much does CoffeeShop owe creditors?

4.         How much of the company’s assets do the CoffeeShop stockholders actually own?

E1-29B

Assume Chen, Inc., is expanding into France.

The company must decide where to locate and how to finance the expansion.

Requirement

Identify the financial statement where these decision makers can find the following information about Chen, Inc. In some cases, more than one statement will report the needed data.

a. Net income

b. Current liabilities

c. Cash spent to acquire the building

d. Adjustments to reconcile net income to net cash provided by operations

e. Selling, general, and administrative expenses

f. Ending cash balance

g. Ending balance of retained earnings

h. Income tax expense

i. Long-term debt

j. Revenue

k. Total assets

l. Dividends

m. Income tax payable

n. Common stock

E1-22A (similar to)

Assume the Carter Coffee Roasters Corp. ended the month of  August 2015  with these data:

Requirement

1.         Prepare the income statement and the statement of retained earnings of

Carter Coffee Roasters Corp., for the month ended August 31,2015

Prepare the income statement.

Start with the heading and then complete the rest of the statement.

Part 1

Carter Coffee Roasters Corp.

Income Statement

For the Month Ended August 31, 2015

E1-23A (similar to)

Assume the Ebert Coffee Roasters Corp. ended the month of August 2015

with these data:

Requirement

1.         Prepare the balance sheet of Ebert Coffee Roasters Corp., for August 31, 2015.

First prepare the balance sheet header, then complete the assets section of the statement and finally complete the liabilities and stockholders’ equity section of the statement.

E1-24A (similar to)

Assume the Earl Coffee Roasters Corp. ended the month of August 2015

with this data:

Requirement

1.         Prepare the statement of cash flows of Earl Coffee Roasters Corp., for the month ended August 31,

2015.

Explain the relationship among the income statement, statement of retained earnings,

balance sheet, and statement of cash flows.

Explain the relationship among the income statement, statement of retained earnings, balance sheet, and statement of cash flows.

Net income on the statement of retained earnings comes directly from the

income statement

Ending retained earnings on the

balance sheet

comes directly from the

statement of retained earnings

Ending cash on the

statement of cash flows

is reported on the

balance sheet

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 1-7 All Discussion Questions

Week 1DQ 1 – Financial Reporting Environment and GAAP

Week 1DQ 2 – Details of Financial Statements and Ratios

Week 2DQ 1 – Accounting EquationAccounting Cycle

Week 2DQ 2 – Accrual Accounting and Adjusting Entries

Week 3DQ 1 – Merchandising Operations and Income Statements

Week 3DQ 2 – Inventory Cost-Flow Assumptions

Week 4DQ 1 – Understanding Internal Control and Reporting Cash

Week 4DQ 2 – Accounting for and Reporting Receivables

Week 5DQ 1 – Plant Assets and Intangibles

Week 5DQ 2 – Accounting for Liabilities

Week 6DQ 1 – Accounting for and Reporting Equity

Week 6DQ 2 – Statement of Cash Flows

Week 7DQ 1 – Issues in Income Reporting

Week 7DQ 2 – Different Tools for Financial Analysis

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 2 Homework (E2-17A, E2-18A, E3-22A, E3-23A)

This Tutorial contains Excel Files which can be used to solve for any values (your Question may have different company name or values, but that can be solved using Excel file)

E2-17A

Dr Anna Grayson opened a medical practice specializing in physical therapy. During the first month of operation (May), the business, titled. Anna Grayson, Professional Corporation (P.C.), experienced the following events:

1.         Record the transactions in the journal of

Dr. Anna Grayson, P.C. List the transactions by date and give an explanation for each transaction

6          Grayson invested $138,000 in the business, which in turn issued its common stock to her.

9          The business paid cash for land costing $63,000.

Grayson plans to build an office building on the land.

12        The business purchased medical supplies for $1,500 on account.

15        Dr. Anna

P.C., officially opened for business.

15-31

During the rest of the month,

Grayson

treated patients and earned service revenue of

$9,400,

receiving cash for half the revenue earned.

15-31

The business paid cash expenses: employee salaries,

$2,800;

office rent,

$ 900$900;

utilities,

$ 900$900.

31        The business sold supplies to another physician for cost of

$400.

31        The business borrowed

30,000,

signing a note payable to the bank.

31        The business paid

$600

on account.

E3-22A

Clark Truck Rentals Company faced the following situations.

a.         The business has interest expense of $ 3,000

that it must pay early in January 2015

b.         Interest revenue of $4,500 has been earned but not yet received.

c.         On July 1, 2014, when the business collected $13,900 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years’ rent.

d.         Salary expense is $5,500 per daylong dash—Monday through Friday dash—and

the business pays employees each Friday. For the purpose of this calculation, assume

December 31 falls on a Thursday.

e.         The unadjusted balance of the Supplies account is $3,000.

The total cost of supplies on hand is $ 1,500.

f.          Equipment was purchased at the beginning of this year at a cost of $120,000.

The equipment’s useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment’s book value.

Journalize the adjusting entry needed at December

31, 2014, for each situation. Consider each fact separately

E3-23A

The adjusted trial balance of

Homemade HamsHomemade Hams,

Inc., follows.

Homemade Hams, Inc.

Adjusted Trial Balance

31-Dec-14

Account          (Amounts in thousands)

Cash    Debit

cash     4400

Accounts receivable    1,800

Inventories      2,400

Prepaid expenses         1,900

Property, plant, and equipment           16,700

Accumulated depreciation, property, plant, and equipment

Other assets     9,700

Accounts payable

Income tax payable

Other liabilities

Common stock

Retained earnings (beginning, December 31, 2013)

Dividends       1,700

Sales revenue

Cost of goods sold      25,600

Selling, administrative, and general expense  10,400

Income tax expense    2,000

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 3 Case Study 1 (Melvin Plumbing Corporation) **New**

MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.

There are 10 sheets in the Workbook, including this one.     

All of the information that you need for the project is located in this Workbook.

Requirement #1:

During its first month of operation, the Melvin Plumbing Corporation, which specializes in residential plumbing,

completed the following transactions.

July 1   Began business by making a deposit in a company bank account of $90,000, in exchange for 9,000 shares of $10 par value common stock.

July 3   Paid the current month’s rent, $5,500.

July 5   Paid the premium on a 1-year insurance policy, $4,800

July 7   Purchased supplies on account from Little Company, $900.

July 10 Paid employee salaries, $3,300

Requirement #2:

Post the July journal entries to the following T-accounts and compute ending balances.

Cash (111)                   Revenue (411)

Requirement #3: 

Prepare a trial balance for July in the space below.

Melvin Plumbing Corporation

Trial Balance

July 31

Requirement #4:

Prepare adjusting entries using the following information in the General Journal

below. Show your calculations!

a) One month’s insurance has expired.

b) Supplies used during the period $375.

c) The estimated depreciation on equipment is $175.

Requirement #6:

Prepare an adjusted trial balance in the space below.

Melvin Plumbing Corporation

Adjusted Trial Balance

July 31

Requirement #7:

Prepare the financial statements for the Melvin Plumbing Corporation as of July 31 in the space below.

You will only be preparing the income statement, statement of retained earnings, and the balance sheet.

The statement of cash flows is a required financial statement, but is not required for this case study.

Requirement #10: 

Prepare a post-closing trial balance as of July 31 in the space below.

Melvin Plumbing Corporation

Post-Closing Trial Balance

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation

The Entire Case Study is due Sunday at Midnight Mountain time at the end of Week 3.
This Case Study is worth 100 points or 10% of your final course grade.
This Case Study relates to TCO’s D and E and Chapters 3 and 4.
MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.
There are 10 Sheets in the Workbook including this one.
All of the Information you need for the Project is located in this Workbook.
Requirements
Requirement 1 – Prepare the Journal Entries in the General Journal
Requirement 2 – Post Journal Entries to the General Ledger
Requirement 3 – Prepare a Trial Balance
Requirement 4 – Prepare the Adjusting Entries
Requirement 5 – Post Adjusting Entries to the General Ledger
Requirement 6 – Prepare an Adjusted Trial Balance
Requirement 7 – Prepare the Financial Statements
Requirement 8 – Prepare the Closing Entries
Requirement 9 – Post Closing Entries to the General Ledger
Requirement 10 – Prepare the Post Closing Trial Balance

Sheet in Workbook
Journal Entries
General Ledger
Trial Balance
Adjusting Entries
General Ledger
Adjusted TB
Financial Statements
Closing Entries
General Ledger
Post Closing TB

Hint for success: review the Week 2 Lecture prior to starting this project.
There are also hints contained within certain cells on some of the worksheet tabs.
You can hover over the red pointer at the top right-hand corner of the cell to read the hint.
Hints are provided for the following balances:
1) The debits for the journal entries on the Journal Entries tab
2) The credits for the journal entries on the Journal Entries tab
3) The cash balance on the General Ledger tab
4) The debits for the trial balance on the Trial Balance tab
5) The credits for the trial balance on the Trial Balance tab
6) The debits for the adjusted trial balance on the Adjusted Trial Balance tab
7) The credits for the adjusted trial balance on the Adjusted Trial Balance tab

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 3 Quiz

Q -1

Other comprehensive income

A.

includes extraordinary gains and losses.

B.

affects earnings per share.

C.

includes unrealized gains and losses on available-for-sale investments.

D.

has no effect on income tax.

Q-2

Use the following data of

TortoiseTortoise

Sales, Inc.:

Unit     Total    Units

Units   Cost     Cost     Sold

Beginning inventory   16        $3        $48

Purchase on Apr 25     25        6          150

Purchase on Nov 16    11        8          88

Sales    40        ?          ?

Tortoise

Sales’ average cost of ending inventory is

An auditor report by independent accountants

A.

gives investors assurance that the company’s stock is a safe investment.

B.

is ultimately the responsibility of the management of the client company.

C.

ensures that the financial statements are error-free.

D.

gives investors assurance that the company’s financial statements conform to GAAP.

Use the following data of

SeasideSeaside

Sales, Inc.:

Unit     Total    Units

Units   Cost     Cost     Sold

Beginning inventory   18        $4        $72

Purchase on Apr 25     43        7          301

Purchase on Nov 16    19        10        190

Sales    45        ?          ?

SeasideSeaside

Sales’ LIFO cost of ending inventory would be

Use the following data of

SeaspraySeaspray

Sales, Inc.:

Unit     Total    Units

Units   Cost     Cost     Sold

Beginning inventory   24        $7        $168

Purchase on Apr 25     30        8          240

Purchase on Nov 16    14        9          126

Sales    50        ?          ?

SeaspraySeaspray

Sales uses a FIFO inventory system. Cost of goods sold for the period is

The quality of earnings suggests that

A.

stockholders want the corporation to earn enough income to be able to pay its debts.

B.

income from continuing operations is a more relevant predictor of future performance than income from one-time transactions.

C.

net income is the best measure of the results of operations.

D.

continuing operations and one-time transactions are of equal importance.

Deferred Tax Liability is usually

Type of Account         Reported on the

A.

Long-term       Income statement

B.

Short-term       Statement of stockholders’ equity

C.

Short-term       Income statement

D.

Long-term       Balance sheet

Which statement is true?

A.

Discontinued operations are a separate category on the income statement.

B.

Extraordinary items are combined with continuing operations on the income statement.

C.

Extraordinary items are part of discontinued operations.

Hazard Company had anan $18,000 beginning inventory and aa $25,000 ending inventory. Net sales ere

$153,000; purchases, $76,000; purchase returns and allowances, $3,000; and freight in, $9,000. Cost of goods sold for the period is $75,000.What is Hazard gross profit percentage (rounded to the nearest percentage)?

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 4 Quiz

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 5 Case Study 2 Internal Control LJB Company

Case Study 2 – Internal Control- Due by Sunday of week 5

LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant.

The President of the company explained the current system of internal controls to your colleague. Your colleague has since been promoted to a tax position so she has passed on the information below so you can generate recommendations for the partner at your accounting firm to share with the President of LJB Company.

Since LJB Company is a relatively lean organization, they have a lot of faith in their long-term employees. They have one accountant who serves as Treasurer and Controller which streamlines many of their processes.

In this dual role, he purchases all of the supplies and pays for these purchases. He also receives the checks and completes the monthly bank reconciliation. The accountant is so busy that the company handles petty cash a bit differently. All employees have access to the petty cash in a desk drawer and are asked to only place a note if they use any of the cash.

The accountant has recently started using pre-numbered invoices and wants to buy an indelible ink machine to print their checks. The President is waiting to hear from you if this is a necessary purchase before authorizing.

On payday, the checks are picked up by the accountant and left in his office for pick-up. Before he leaves for the weekend, he will move the checks into a safe in his office.

The President is still quite embarrassed because he had to fire one of his employees for viewing pornography on a company computer. He later found out this individual was a convicted felon who served time for molesting children.

The company had a hard time getting the employee to admit it was him because the company does not assign individual passwords. The President expressed his frustration because both he and the accountant both interview and approve all of the new hires.

Required:

Based on the above information, prepare a Word document to address the following:

Inform the President of any new internal control requirements if the company decides to go public. (7 points) Advise the President of what the company is doing right (they are doing some things well) and also recommend to the President whether or not they should buy the indelible ink machine.

When you advise the President, please be sure to reference the applicable internal control principle that applies. (13 points) Advise the President of what the company is doing wrong (they are definitely doing some things poorly). Please be sure to include the internal control principle that is being violated along with a recommendation for improvement. (20 points)

You must prepare a formal report for the partner to distribute to the President so no abbreviations or short-hand answers. You also must cite your references. At a minimum, your textbook should be cited.

Below is a grading rubric for this assignment.

Category

Points

Description

Understanding

10

Demonstrate a strong grasp of the problem at hand. Demonstrate understanding of how the course concepts apply to the problem.

Analysis

30

Apply original thought to solving the business problem. Apply concepts from the course material correctly toward solving the business problem.

Execution

10

Write your answer clearly and succinctly using strong organization and proper grammar. Use citations correctly.

Total

50

A quality paper will meet or exceed all of the above requirements.

Best Practices

The following are best practices in preparing this paper.

Cover Page: Include whom you prepared the paper for, who prepared it, and the date. Table of Contents: List the main ideas and sections of the paper and the pages where they are located. Illustrations should be included separately. Introduction: Use a header on your paper. This will indicate that you are introducing the paper.

The purpose of an introduction or opening is to introduce the subject and why the subject is important; preview the main ideas and the order in which they will be covered; and establish the tone of the document.

Include in the introduction a reason for the audience to read the paper. Also include an overview of what you will cover and the importance of the material. (This should include or introduce the questions you are asked to answer in each assignment.)

Body of the Report: Use a header with the name of the case study. An example is, “The Development of Hotel X: A World Class Resort.” Proceed to break out the main ideas: State the main ideas, the major points of each idea, and provide evidence.

Show some type of division, such as separate, labeled sections; separate groups of paragraphs; or headers. Include the information you found during your research and investigation. Summary and Conclusion: Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original.

An effective summary identifies the main ideas and the major support points from the body of the report; minor details are left out. Summarize the benefits of the ideas and how they effect the subject. Work Cited: Use the citation format specified in the Syllabus.

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 5 Course Project Draft Spreadsheet

ACCT-504 Week 5 Course Project Draft Spreadsheet

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 5 Homework (E7-15A, E7-19A, E8-20A, E9-23A, E9-29A)

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 6 Case Study 3 – Cash Budgeting LBJ Company

ACCT504 Case Study 3 on Cash Budgeting

The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing.

The LBJ Company has budgeted sales revenues as follows:

April May June

Credit sales $94,000 $89,500 $75,000

Cash sales 48,000 75,000 57,000

Total sales $142,000 $164,500 $132,000

Past experience indicates that 30% of the credit sales will be collected in the month of sale and the remaining 70% will be collected in the following month.

Purchases of inventory are all on credit and 40% is paid in the month of purchase and 60% in the month following purchase. Budgeted inventory purchases are $195,000 in April, $135,000 in May, and $63,000 in June.

Other budgeted cash receipts: (a) sale of plant assets for $33,000 in May, and (b) sale of new common stock for $50,000 in June. Other budgeted cash disbursements: (a) operating expenses of $15,000 each month, (b) selling and administrative expenses of $10,150 each month, (c) purchase of equipment for $19,000 cash in June, and (d) dividends of $20,000 will be paid in June.

The company has a cash balance of $20,000 at the beginning of May and wishes to maintain a minimum cash balance of $20,000 at the end of each month. An open line of credit is available at the bank and carries an annual interest rate of 10%. 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 there is no outstanding financing as of May 1.

Requirements:

1. Use this information to prepare a Cash Budget for the months of May and June, using the template provided in Doc Sharing.

2. What are the three sections of a Cash Budget, and what is included in each section?

3. Why is a Cash Budget so vital to a company?

4. What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash?

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 6 Homework (E10-19A, E10-25A, E12-16A, E12-20A)

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 7 Course Project JCP Kohls

ACCT-504 Week 7 Course Project JCP Kohls

• ABS 415 Week 2 DQ 1 Developing Emotional Intelligence in Leadership.doc
• ACCT 504 Week 7 Course Project JCP Kohls.xlsx

ACCT 504 ACCT504 ACCT/504 ENTIRE COURSE HELP – DEVRY UNIVERSITY

ACCT 504 Week 8 Course Project Celgene & Gilead Sciences Presentation (12 Slides)

A Comparative Analysis of Celgene Corporation and Gilead Sciences, Inc.