Memo to CEO of Riordan Manufacturing XACC/291 November 15, 2014 Professor Doug Kildsig TO: Riordan Manufacturing CEO FROM: DATE: 11/15/2014 SUBJECT: Financial Analysis A detailed financial analysis has been performed on the balance sheet and income statement of Riordan Manufacturing. The purpose of this memo is to explain
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Checkpoint: Financial Statements Christine Jennings XACC/290 Pamela Zanzucchi January 17, 2013 The four basic financial statements are the income statement, retained earnings statement, balance sheets and statements of cash flow. The information that these reports provide to employees, managers, and investors can range from a large group of information such as, if a company is financially able to fund the company operations and pay their debts on time. These reports can also tell a company’s
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Page 1 Ethical Behavior Jeffrey Wiese II XACC/291 07/26/2015 Rashad Abdullah Ethical Behavior Page 2 President
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Stocks Stocks October 10, 2015 XACC/291 Stocks Many people wonder why preferred stock is referred to as preferred and what makes it more attractive to investors. Preferred stock shares are "preferred" because they have the preference over the common shares to receive dividends and company assets if the business is liquidated. If a company does not have enough cash to pay dividends to both the preferred shares and the common shares, the preferred shareholders must be paid first
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Accrual and Cash Basis Accounting XACC/290 February 8, 2015 Accrual and Cash Basis Accounting Accrual accounting is when a company accounts for their transactions as the event occurs, not necessarily when the actual cash transaction takes place. When the revenue is earned can be a different time than when the revenue is paid for; for example, when Company A is called in to fix an intercom for a tenant of one of Company B’s buildings. The revenue is earned on January 30 and will be
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XACC/291 - PRINCIPLES OF ACCOUNTING II Instructor: RICHARD CARMODY Jody Choate 12/15/12 Preferred Stocks meaning A corporation can issue two types of stock: common and preferred. Common stock is partial ownership in a company and these are the shares usually referred to when discussing a company's stock. Preferred stock pays higher dividends and offers investors different opportunities for income investing. Investors should look at common and preferred stocks in very different ways. Companies
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XACC/290 October 18, 2013 Cost of Goods This paper will discuss the cost of goods. It will discuss how to calculate and the items involved with the cost of goods. The primary source of revenue with merchandising Operation Company’s like Wal-Mart is sales (Kimmel, 2011). Cost of Goods Sold According to Kimmel (2011) the cost of goods “is the total cost of merchandise sold during the period” (p. 228). The way to calculate cost of goods sold is the beginning Inventory plus Inventory Purchases
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Capital Expenditures & Revenue Expenditures Veronica rowe XACC/291 Jan 29, 2014 Shontell Chrisman Capital Expenditures & Revenue Expenditures Capital expenditures; a sum spent to procure or development of a long term asset, such as buildings or equipment. Under normal accounting methods the cost is put under equipment, plant, property. Everything except the cost of land can be charged as depreciation expenditure over the useful life of the asset. Capital expenditures are put on financial
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Cost of Goods Laura Smalt XACC/290 November 30, 2014 Adrienne Walker Cost of Goods Each month, part of completing the accounting cycle includes calculating the cost of goods sold to arrive at the company gross profit. Cost of goods sold reflected on the company balance sheet. Actual calculations will vary depending on whether a company is manufacturing a single product or multiple products or just redistributing products. Investigating cost variations from one month to another can help management
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XACC/210C The information systems that are used in the office I work at include an office information system, and a transaction processing system. Everything in my office is performed electronically. I submit all claim forms through EDI on a daily basis. EDI (electronic data interchange) is used for electronic exchange of text, graphics, audio and video. Submitting my claim forms this way creates less waste, as with the paper and mail format. It also saves money. The hardware that is used
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