...000/ $5= $58,000 ($60,000 + $58,000) / 2=$59,000 $218,000/ $59,000= $3.69 $3.69 (B) Return on Common Stockholders' Equity 40.80% Return Common Stockholders' Equity Ratio = Net Income - Preferred Stock Dividends Average Common Stockholders' Equity $218,000/ [($465,400+$603,400)]/ 2= $218,000/ $534,400= 40.80% (C) Return on Assets Net Imcome x Net Sales Net Sales Average Total Assets $218,000/ [($1,026,900+ $852,800)]/ 2= 23.2 23.20% Net Income Average Total Assets (D) Current Ratio Current Ratio = Current Assets ÷ Current Liabilities $377,900/ $203,500= 1.86 1.86 Page 1 Chapter_13_P13-2A (E) Receivables Turnover 17.1 Receivables Turnover Ratio = Net Credit Sales ÷ Average Net Receiable $1,890,540/[($102,800+$117,800)/2]= $1,890,540/$110,300= 17 (F) Average Collection Period Average Collection Period = 365 ÷ Receivables Turnover Ratio 365 days/ 17.1= 21.3 days 21.3 (G) Inventory Turnover 8.8 Inventory Turnover Ratio = Cost of Goods Sold ÷ Average Inventory $1,058,540/[($115,500+$126,000)]/2= $1,058,540/$120,750= 8.8 times (H) Days in Inventory Days in Inventory = 365 ÷ Inventory Turnover Ratio 365 days/ 8.8= 41.5 days 41.5 (I) Times Interest Earned Net Income + Interest Expense + Tax Expense $332,000/ $22,000= 15.1 times 15.1 ÷ Interest Expense Page 2 Chapter_13_P13-2A (J) Asset Turnover Ratio 2.01 Asset Turnover Ratio = Net Sales ÷ Average Total Assets $1,890,540/[($1,026,900+$852,800)]/2= $1,890,540/ $939,850 =2.01 (K) Debt...
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...ACC 300 WEEK 5 TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-5-team-assignment-problem/ Contact us at: nerdypupil@gmail.com ACC 300 WEEK 5 TEAM ASSIGNMENT PROBLEM Complete the following problem sets in Ch. 7 and Appendix E of Financial Accounting: • PE-2 • E7-5 • E7-6 E7-9. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 300 Week 5 Team Assignment Problem in order to ace their studies. ACC 300 WEEK 5 TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-5-team-assignment-problem/ Contact us at: nerdypupil@gmail.com ACC 300 WEEK 5 TEAM ASSIGNMENT PROBLEM Complete the following problem sets in Ch. 7 and Appendix E of Financial Accounting: • PE-2 • E7-5 • E7-6 E7-9. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 300 Week 5 Team Assignment Problem in order to ace their studies. ACC 300 WEEK 5 TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-5-team-assignment-problem/ Contact us at: nerdypupil@gmail.com ACC 300 WEEK 5 TEAM ASSIGNMENT PROBLEM Complete the following problem sets in Ch. 7 and Appendix E of Financial Accounting: • PE-2 • E7-5 • E7-6 E7-9. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC...
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...This archive ACC 300 Entire Course includes following files: ACC 300 Week 1 - Individual Assignment - Chapter Two - Brief Exercises.doc ACC 300 Week 2 - Learning Team Assignment.xlsx ACC 300 week 2 dqs.doc ACC 300 Week 2 Individual Assignment Accounting Equation paper.docx ACC 300 Week 2 Individual Problem Set P1-3A and P3-5A.doc ACC 300 Week 3 - Individual Assignment Part I.xlsx ACC 300 Week 3 - Individual Assignment Part III.xlsx ACC 300 Week 3 - Individual Assignment Part IV.doc ACC 300 Week 3 - Individual Assignment Part V.xlsx ACC 300 Week 3 - Learning Team Assignment - Landrys.doc ACC 300 week 3 dqs.doc ACC 300 Week 3 Learning Team Assignment Working With Financial Statements.docx ACC 300 Week 3 Team Assignment problem 4-2A.doc ACC 300 Week 3- Individual Assignment Part II.xlsx ACC 300 Week 4 - Individual Assignment - Financial Statement Analysis Landrys.xlsx ACC 300 Week 4 - Learning Team Assignment - Managerial and Financial Accounting Paper.doc ACC 300 week 4 dqs.doc ACC 300 Week 4 Individual Problem Set II P2-6A and P13-2A Correct.doc ACC 300 Week 4 Individual Problem Set II P2-6A and P13-2A.doc ACC 300 Week 5 Individual Assignment - Chapter Six.doc ACC 300 Week 5 - Individual Assignment - Four Accounting Regulatory Bodies.doc ACC 300 Week 5 - Learning Team Assignment - Accounting Reporting Criteria Paper.doc ACC 300 Week 5 Final Exam Guide.pdf ACC 300 Week 5 Team Assignment Global Environments...
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...com/downloads/acc-202-complete-course-acc-202-entire-course/ http://homeworktimes.com/downloads/acc-206-entire-course-new/ http://homeworktimes.com/downloads/acc-206-new-week-1-assignment-chapter-one-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-assignment-chapter-two-three-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-journal-institute-management-accounting/ http://homeworktimes.com/downloads/acc-206-new-week-3-assignment-chapter-four-five-problems/ http://homeworktimes.com/downloads/acc-206-new-week-3-journal-hershey-company/ http://homeworktimes.com/downloads/acc-206-new-week-4-assignment-chapter-six-seven-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-chapter-eight-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-final-paper/ http://homeworktimes.com/downloads/acc-212-financial-accounting/ http://homeworktimes.com/downloads/acc-250-complete-course-acc-205-entire-course/ http://homeworktimes.com/downloads/acc-290-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-291-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-340-entire-course-acc-340-complete-course/ http://homeworktimes.com/downloads/acc-400-complete-course-acc-400-entire-course/ http://homeworktimes.com/downloads/acc-407-entire-course/ http://homeworktimes.com/downloads/acc-455-complete-course/ http://homeworktimes.com/downloads/acc-492-complete-course-acc-492-entire-course/ ...
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...Problem Set I ACC 300 Problem Set I Chapter 1 P1-3A Income Statement Service revenue $7500 Expenses: Advertising expense $400 Supplies expense $1000 Maintenance and repairs expense $600 Utilities expense $300 Salaries and wages expense $1400 Total Expenses $3700 Net Income $3800 The total net income was $3800 and expenses totaled $3700. This resulted in a successful profit for the first month. Balance Sheet Assets: Cash $4600 Accounts receivable $4000 Supplies $2400 Equipment $26000 Total Assets $37000 Liabilities: Accounts payable $500 Notes payable $12000 Total Liabilities $12500 Stockholders' Equity Common stock $22100 Retained Earnings $2400 Total Stockholders' Equity $24500 Total Liabilities and Stockholders' Equity $37000 Statement of Retained Earnings Balance July 1 $0 Net Income $3800 Less: Dividends $1400 Balance June 30 $2400 Chapter 3 P3-5A LEDGER ACCOUNT | | | | DATE | ACCOUNT | DEBIT ( + ) | CREDIT ( - ) | 1 | 4/1/2012 | Cash | 18000.00 | | | | Exchanged for Common Stock | | 18000.00 | 2 | 4/1/2012 | Hired Secretary | | | | | $375 per week | | | 3 | 4/2/2012 | Rent | 900.00 | | | | Paid Rent | | | 4 | 4/3/2012 | Spring Green | 1300.00 | | | | Architectural Supplies | | | 5 | 4/10/2012 | Client | 1900.00 | | | | Carport Blueprints | | | 6 | 4/11/2012...
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...ACC 312 Fundamentals of Managerial Accounting Midterm Exam 1, Spring 2014 Test Form A SOLUTION Name ______________________________________________________________________ UTEID ____________________________________ Instructor ____________________________________________ Class Days ___________________ Time ______________________ DO NOT OPEN until given instructions to do so. Instructions Pages are numbered sequentially, including this page. Confirm that you have 11 pages. 1. Answers to Multiple-Choice Questions (first two sections) should be recorded on the Scantron. A. On your Scantron answer sheet, write and bubble in your name, UTEID, and the “Test Form” letter noted above. B. Use a #2 pencil only to mark your responses on your Scantron answer sheet. Mark clearly and erase completely as needed. Only the multiple-choice answers marked on your Scantron answer sheet will be graded. C. The time allotted for an exam includes the time required to “bubble-in” your Scantron answer sheets. It is cheating to take extra time to bubble in the answer sheet after time is up for the exam. 2. Answers to Problems should be recorded on the exam where indicated. Show your work legibly in the space provided or attach scratch paper. 3. Cell phones, books, notes, PDAs and programmable calculators are NOT allowed at your desk during the exam. Calculators capable of storing text are NOT allowed. 4. In the interest of minimizing disruptions and making sure all...
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...ACCOUNTING METHODS Presentation of the course Introductory course 4 “intensive” days Theory, terminology, practical examples Suggested readings: Elliott, Barry; Elliott, Jamie: "Financial Accounting and Reporting", Prentice Hall 2012, 15th edition. Horngren, Bhimani, Datar and Foster: "Management and Cost Accounting." Prentice Hall, 2007, 4th edition. Info What to expect from this course: An introduction to the discipline to prepare you for the proceedings of your Master To learn the “language” of the Business An overview of the topics in FA, MA and FSA “Course Limitations” Key questions What is the role of accounting? Accounting provides information. It measures business transactions and operations, “translating” them into numbers, in order to provide information. Why do we need to study accounting? Who are the user of this information? Why do we study accounting? To understand the world of business (and its language) To make better investment choices (resource allocation) To become advanced users To become advanced preparers … The “users” of accounting information Primarily “external” oriented Financial Accounting Managerial Accounting Primarily “internal” oriented Tax Accounting Primarily “external” oriented Financial Accounting and Reporting Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), International Financial Reporting Standards (IFRS)...
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...Problem Set I Stephen Collum ACC 300 6/17/2013 Paulette Mack P1-3A On June 1, Beardsley Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets and liabilities of the company at June 30, and the revenues and expenses for the month of June, its first month of operations: |Cash |$ 4,600 |Notes payable |$12,000 | |Accounts receivable |4,000 |Accounts payable |500 | |Service revenue |7,500 |Supplies expense |1,000 | |Supplies |2,400 |Maintenance and repairs expense |600 | |Advertising expense |400 |Utilities expense |300 | |Equipment |26,000 |Salaries and wages expense |1,400 | In June, the company issued no additional stock, but paid dividends of $1,400. Instructions 1. Prepare an income statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2012. 2. Briefly discuss whether the company’s first month of operations was a success. | |Net...
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...Problem Set II Jonathan Sestito ACC 300 Nov 19, 2012 Arnold Gilbo Problem Set II P2-6A | 2011 | 2012 | A) Earnings per share | $60,000/30,000Shares | = $2.00 | $70,000/33,000Shares | = $2.12 | B) Working Capital | ($20,000 + $62,000 + $73,000) – ($ 70,000) | = $85,000 | ($28,000 + $70,000 + $90,000) – ($75,000) | = $113,000 | C) Current Ratio | $155,000/$70,000 | = 2.2:1 | $188,000/$75,000 | = 2.5:1 | D) Debt to Total Assets Ratio | $160,000/$685,000 | = 23.4% | 155,000/760,000 | = 20.4% | E) Free Cash Flow | $56,000 – $38,000 – $15,000 | = $3,000 | $82,000 – $45,000 - $20,000 | = $17,000 | F) The financial position and operating results for the Sievert Corporation are looking up from 2011 to 2012. The net earning and working capital have both increased. This shows the share holders that the profitability of the corporation has improved. Another high point is the debt to total assets ratio has gone down and this is good as it shows less owned to debt and more that can come in profit margins. This is shown in the increase of free cash flow. P13-2A | 2012 | | Problem Work Through | Answer | A) Earnings Per Share | $300,000/$5 = $60,000(*)$290,000/$5 = $58,000(**)($60,000* + $58,000**)/2 = $59,000(***)$218,000/$59,000*** | = $3.69 | B) Return Per Share | $218,000/[($465,400+$603,400)/2] = $218,000/$534,400 | = 40.8% | C) Return on Common Stockholders’ Equity | $218,000/[($852,800+$1,026,900)/2] =$218,000/$939,850 | = 23.2% | D) Current...
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...of corporations is A. The Model Business Corporation Act B. The Uniform Commercial Code C. The Revised Model Business Commercial Code D. The Standard Incorporation Act 2. Which of the following statements is true? A. The exchange of stock for services rendered is not a taxable transaction. B. The repeal of Sec. 351 would result in more existing businesses being incorporated. C. Section 351 was enacted to allow taxpayers to incorporate without incurring adverse tax consequences. D. Section 351 is an example of a negative aspect of the corporate form of business organization. 3. Which of the following statements is true? A. Formation of a partnership requires legal documentation. B. An individual engaged in the active conduct of a business must elect not to be taxed as a partnership. C. If two people (or business entities) work together to carry on any business or financial operation with the intention of making a profit and sharing that profit as co-owners, a partnership exists for federal income tax purposes. D. The partnership form of business creates double-taxation because individual partners are taxed, and the partnership is also taxed as a separate legal entity. Want to download the Final Exam answers..?? Click ACC 497 Final Exam BUSINESS ENVIRONMENT AND CONCEPTS Section 2: Economic Concepts Essential to Obtaining an Understanding of an Entity's Business and Industry 4. What effect would a decrease in interest rates by the Federal Reserve most...
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...Problem Set II Alex Pintos ACC/300 July 8, 2015 Jeremy Stasch Problem Set II P2-6A A.) Earnings per Share- Measures the net income on each share of common stock. Year 2012 70000(Net Income)-20000(Preferred Stock Dividends)/33000(Average Common Shares Outstanding) = $1.515 per share. Year 2011 60000(Net Income)-15000(Preferred Stock dividends)/30000(Average Common Shares Outstanding) = $1.50 per share. B.) Working capital- The Difference between the current assets and liabilities. Year 2012 188000(Current Assets)-75000(Current Liabilities) = $113000 Year 2011 155000(Current Assets)-70000(Current Liabilities) =$85000 C.) Current Ratio- The current assets are divided by current liabilities. Year 2012 188000(Current Assets)/75000(Current Liabilities) = 2.50:1 Year 2011 155000(Current Assets/70000(Current Liabilities) = 2.21:1 D.) Debt to Total Assets Ratio- Source of information that measures the percentage of financing by creditors rather than stockholders. Year 2012 155000(Total Liabilities)/760000(Total Assets) = 20.3% Year 2011 160000(Total Liabilities)/685000(Total Assets) = 23.3% E.) Free Cash Flow- Operating activities minus capital expenditures minis Cash dividends. Year 2012 82000(Cash from Operating Activities)-45000(Capital Expenditures)-20000(Dividends) =$17000 Year 2011 56000(Cash from Operating Activities)-38000(Capital Expenditures)-15000(Dividends) =$3000 F.) There was marked improvement on Earnings per share in which the company...
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...Question 1 2 points Save Which of the following economic systems abolishes all private property? communism socialism fascism all of the above Question 2 2 points Save The profit motive is one characteristic of a command economy. True False Question 3 2 points Save In a market system, the government enforces laws ensuring that private enterprises and conditions of competition will prevail. True False Question 4 2 points Save The most common type of business in the United States is the corporation. True False Question 5 2 points Save Laissez-faire is a policy of no government intervention in the economic activities of individuals and businesses. True False Question 6 2 points Save In a partnership, each partner’s liability is limited to his or her contribution to the partnership. True False Question 7 2 points Save There are no government-regulated markets in the U.S. economy. True False Question 8 2 points Save Which of the following is not among the United States’ economic goals? full employment stable prices healthy economic growth equal distribution of income Question 9 2 points Save Under the U.S. market system, land and capital goods are owned mainly by the federal government individuals and firms local governments state governments Question 10 2 points...
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...Problem Set II Lorena Jones ACC/300 July 28, 2014 Lisa Smith SIEVERT CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $ 28,000 $ 20,000 Receivables (net) 70,000 62,000 Other current assets 90,000 73,000 Long-term investments 62,000 60,000 Plant and equipment (net) 510,000 470,000 Total $760,000 $685,000 Liabilities and Stockholders’ Equity Current liabilities $ 75,000 $ 70,000 Long-term debt 80,000 90,000 Common stock 330,000 300,000 Retained earnings 275,000 225,000 Total liabilities and stockholders’ equity $760,000 $685,000 SIEVERT CORPORATION Income Statements For the Years Ended December 31 2012 2011 Sales $750,000 $680,000 Costs of goods sold 440,000 400,000 Operating expenses (including income taxes) 240,000 220,000 Net income $ 70,000 $ 60,000 Additional information: Cash from operating activities $ 82,000 $ 56,000 Cash used for capital $ 45,000 $ 38,000 Dividends paid $ 20,000 $ 15,000 Average number of shares outstanding 33,000 30,000 Computation of values and ratios for 2011 and 2012 Earnings per share: Net income – Preferred stock dividends Average common shares outstanding Earnings per share 2012: $ 70,000 - $ 0.00 $ 33,000 ...
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...the Commission or any of its staff or personnel and do not bind the Commission in any manner. This report is the intellectual property of the Competition Commission of India and the same or any part thereof may not be used in any manner whatsoever, without express permission of the Competition Commission of India in writing. iii TABLE OF CONTENTS 1. INTRODUCTION ............................................................................................................................. 1 1.1 1.2 SCOPE AND OBJECTIVE OF THE RESEARCH PAPER ..................................................... 1 MOTIVATION FOR THE RESEARCH PAPER ..................................................................... 2 1.2.1 HISTORY OF COMPETITION ISSUES IN CEMENT INDUSTRIES IN THE WORLD..... 2 1.2.2 NEWSPAPERS DOTTED WITH...
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...Campbellsville University School of Business and Economics SYLLABUS Course Title: ACC 601 Managerial Accounting Semester/Dates: Graduate Term 1: August 29, 2011 – October 23, 2011 (Traditional MBA) Meetings: Thursday (6:00 PM – 10:00 PM), AD 25 Faculty: Dr. Sunny Onyiri Office: AD 29-b Phone: (502) 365 4424 Email: soonyiri@campbellsville.edu Office Hours: Posted Required Materials: Textbook: Noreen/Brewer/Garrison. Managerial Accounting for Managers, With Connect Plus, 2nd ed McGraw-Hill, 2011. ISBN 9780077403485 Recommended: APA Manual, 6th edition Available at Barnes and Noble Bookstores Calculator: Much of this course involves problem-solving applications. You should have a calculator to make necessary computations in and outside classroom. Any calculator with math or business functions will do. Internet Access: Some of the course materials and problems will be posted and completed on the internet. It is therefore imperative that you have access to the internet in order to successfully complete this part of the class assignments. Individual assignments...
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