...Textbook Exercises Semana 5 – individual University of Phoenix Prof. Oscar Rosario-Figueroa 12 de enero de 2012 Textbook Exercises Para la realización de esta asignación se realizaran los trabajos de pregunta y ejercicios asignados en el del libro de la contabilidad financiera, de los siguientes ejercicios del capítulo 7, y 8. Pregunta 1 y 2, y el ejercicio E8-5, respectivamente. 1. (a) ¿Cuáles son los principios generalmente aceptados de contabilidad (GAAP)?. La profesión de contable ha desarrollado normas que son generalmente aceptadas y practicadas universalmente. Este conjunto común de estándares, llamados principios de contabilidad generalmente aceptados (GAAP), indica cómo se debe informar los sucesos económicos. La Comisión de Seguridad e intercambio (Securities and Exchange Commission (SEC), por sus siglas en ingles) es la Agencia del gobierno Estadounidense que supervisa los mercados financieros de Estados Unidos y órganos de fijación de normas de contabilidad. El principal órgano normativo de contabilidad en los Estados Unidos es la Junta financiera de estándares de contables (Financial Accounting Standards Board (FASB), por sus siglas en ingles). Muchos países fuera de los Estados Unidos han adoptado las normas de Contabilidad emitidas por la Junta Internacional de normas de contabilidad (International Accounting Standards Board (IASB), por sus siglas en ingles). En los últimos años el FASB y el IASB han colaborado estrechamente para intentar minimizar...
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...ACC 280 Final Exam To Buy this Tutorial Copy & paste below link in your Browser http://www.homeworkmarket.com/content/acc-280-final-exam-4313877-2 This document of ACC 280 Final Exam includes: PART I 1) The accounting process is correctly sequenced as A. identification, communication, recording B. recording, communication, identification C. identification, recording, communication D. communication, recording, identification 2) Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process? A. Identification B. Communication C. Recording D. Analysis 3) Generally accepted accounting principles are A. income tax regulations of the Internal Revenue Service B. standards that indicate how to report economic events C. theories that are based on physical laws of the universe D. principles that have been proven correct by academic researchers 4) The private sector organization involved in developing accounting principles is the A. Feasible Accounting Standards Body B. Financial Accounting Studies Board C. Financial Accounting Standards Board D. Financial Auditors' Standards Body 5) GAAP stands for A. Generally Accepted Auditing Procedures B. Generally Accepted Accounting Principles C. Generally Accepted Auditing Principles D. Generally Accepted Accounting Procedures 6) The four primary financial statements are A. the general...
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...Acc 280 Semana 3 Ejercicios Capítulo 3 / Preguntas # 2. Estado de dos principios contables generalmente aceptados que se relacionan con el ajuste de las cuentas. Principios de congruencia es que los gastos podrían ser coordinadas con los ingresos. Ingresos de los Estados principio de reconocimiento mutuo de que un contador debe reconocer los ingresos, ya que es el principio que se ocupa de lo que se ha ganado en el período contable. # 3. Rick Marsh, un abogado, acepta un compromiso legal en marzo, realiza el trabajo en abril, y se paga en mayo. Si la empresa Marsh ley prepara estados financieros mensuales, cuando debería reconocer los ingresos de este compromiso? ¿Por qué? Rick debería reconocer los ingresos en abril, porque este es el mes en que los ingresos que se obtuvo. Siendo la razón es que los estados preguntas qué mes los ingresos obtenidos, que es abril. # 4. ¿Por qué criterio de lo devengado, los estados financieros suministran información más útil que las declaraciones de caja? Base de lo devengado, los estados financieros es más útil que una declaración de valores de caja porque cuando se utiliza la base devengado, puede revelar la información necesaria para el futuro los ingresos que se han ganado, y puede ser ganado. # 8. Distinguir entre las dos categorías de asientos de ajuste, e identificar los tipos de ajustes aplicables a cada categoría. Las dos categorías de asientos de ajuste son la acumulación y aplazamientos. Ofertas de devengo de los ingresos...
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...GUIDELINES...............................................................................7 REAR YARD FENCE GUIDELINES ......................................................................................9 PLAY EQUIPMENT GUIDELINES ......................................................................................11 SATELLITE RECEIVER (DISH) GUIDELINES ..................................................................13 GENERAL IMPROVEMENTS, LANDSCAPE & MAINTENANCE GUIDELINES..........14 LIST OF RECOMMENDED PLANT SPECIES ....................................................................19 EXHIBIT A REQUEST FORM 2 CHRISTENBURY MASTER ASSOCIATION, INC. ARCHITECTURAL CONTROL COMMITTEE INTRODUCTION The Architectural Control Committee (ACC) is providing the attached Architectural Design Guidelines (“Guidelines”) in accordance with that Declaration of Covenants, Easements, Conditions and Restrictions (“Declaration”), for purposes of establishing and maintaining exterior design elements throughout Christenbury. This document should be filed with the homeowners’ copy of the Declaration received at closing. It is the responsibility of each homeowner to pass along the Declaration and Guidelines to any future buyer of their home at Christenbury. It is important to note that the Guidelines are applicable to most all future building exterior and property...
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...Jose Cando ENGL-2327 April 26, 2014 Balcones Fiction and Poetry Winners Reading Event: Natalie Diaz’s Reading of When My Brother Was an Aztec Outside the ACC Theater on April 9th, the public was greeted by tables of refreshment including fruits cheeses and crackers which was a nice surprise. Although, I had expected a packed theater, only about forty people were waiting inside. The event started at 6:30 pm when Charlotte Gullick, the chair of the creative a writing department took the stage. After promoting some of creative writing classes at ACC, she described the significance of the Balcones prizes. A teacher from the English department took the stage next to talk a little more about the Balcones prize. He pointed out that Natalie Diaz was the sixteenth winner of this prize. He described Ms. Diaz as a woman with her foot “in three different worlds.” Her childhood was spent on the Mojave reservation in the California Desert. She attended college in Virginia on a basketball scholarship, and from there she played professional basketball in Europe and Asia. After injuring her knee, she left basketball to study poetry in graduate school. Therefore, he claimed, she has a foot in the worlds of the reservation, basketball and poetry. With that, he welcomed Nathalie to the stage. Nathalie jumped into reading her poem, “When My Brother Was an Aztec.” I was shocked to hear the bitterness and resentment in her voice as she describe her brother as a nasty and careless force which...
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...CHAPTER 4 Completing the Accounting Cycle ASSIGNMENT CLASSIFICATION TABLE Study Objectives *1. Prepare a worksheet. *2. Explain the process of closing the books. *3. Describe the content and purpose of a post-closing trial balance. *4. State the required steps in the accounting cycle. *5. Explain the approaches to preparing correcting entries. *6. Identify the sections of a classified balance sheet. *7. Prepare reversing entries. Questions 1, 2, 3, 4, 5 6, 7, 11, 12 8, 9 Brief Exercises 1, 2, 3 4, 5, 6 7 Exercises 1, 2, 3, 5, 6, 17 4, 7, 8, 11, 19 4, 7, 8 A Problems 1A, 2A, 3A, 4A, 5A 1A, 2A, 3A, 4A, 5A 1A, 2A, 3A, 4A, 5A 5A 6A B Problems 1B, 2B, 3B, 4B, 5B 1B, 2B, 3B, 4B, 5B 1B, 2B, 3B, 4B, 5B 5B 10, 11, 12 13 8 9 10, 19 12, 13 14, 15, 16, 17, 18 10, 19, 20 10, 11 12 3, 9, 14 15, 16, 17 18, 19 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix *to the chapter. 4-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number 1A 2A 3A 4A 5A 6A 1B 2B 3B 4B 5B Description Prepare worksheet, financial statements, and adjusting and closing entries. Complete worksheet; prepare financial statements, closing entries, and post-closing trial balance. Prepare financial statements, closing entries, and postclosing trial balance. Complete worksheet; prepare classified balance sheet, entries, and post-closing trial balance. Complete all steps in accounting cycle. Analyze errors...
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...ACC 280 Principles of Accounting Chapter Questions ACC 280 FINAL EXAM - CORRECT ANSWERS http://www.learnyourcourse.com/acc-280/545-acc-280-final-exam-8-chapter-questions.html Chapter 4 1. It is not true that current assets are assets that a company expects to 2. After closing entries are posted, the balance in the owner's capital account in the ledger will be equal to 3. When using a worksheet, adjusting entries are journalized 4. Liabilities are generally classified on a balance sheet as Chapter 5 5. At the beginning of the year, Hinz Company had an inventory of $400,000. During the year, the company purchased goods costing $1,600,000. If Hinz Company reported ending inventory of $600,000 and sales of $2,000,000, the company's cost of goods sold and gross profit rate must be 6. The Merchandise Inventory account is used in each of the following except the entry to record 7. On a classified balance sheet, merchandise inventory is classified as 8. The Sales Returns and Allowances account does not provide information to management about Chapter 6 9. Merchandise inventory is 10. Lee Industries had the following inventory transactions occur during 2010: 11. The company sold 51 units at $63 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars) 12. Shandy Shutters has the following inventory information. Nov. | 1 | |...
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...Ratio, Vertical, and Horizontal Analysis Check Point Brandy McDonald Principles of Accounting February 24, 2012 Vaunda Davis Ratio, Vertical, and Horizontal Analysis Check Point The three vital tools of financial statements are the ratio, vertical, and horizontal analysis. Each financial statement examines the data within monetary statements of businesses or organizations. Being able to determine the financial stability of a company is important in addressing any areas of weakness or aide in the decision making processes. Ratio analysis is associated with evaluating the liquidity, profitability, and solvency of a corporation to judge performance scenarios. Vertical analysis gauges entries for assets, liabilities, and equities in a balance sheet to compare the proportions of the total account. It enables any size of a business the opportunity to easily compare relative annual changes. Horizontal analysis allows companies to compare performance ratios over a certain period of time, usually one year’s worth of entries. It is also referred to as trend analysis and offers insight into the overall success of a company in order to make sound investments. These types of ratios are able to be used on any item of finance from revenues to earnings within a company. PepsiCo, Inc. The Current Ratio for 2005 is Current Assets 10,454/ Current Liabilities 9,406 which equals 1.11%. The Current Ratio for 2004 is Current Assets 8,639/ Current Liabilities 6,752 which equals 1.28%. ...
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...Financial Analysis XACC/280 University of Phoenix Financial Analysis The financial health of an organization is an essential piece of information used by investors to assess how well the organization is performing and to make informed decisions about whether to purchase stock or remain invested. The annual report of a publicly traded company is available for anyone to review; it discloses the financial health of the company to potential or current investors. Investors use the annual report to determine what the company plans to do in the future, as well as compare the financial information from the previous year(s). Annual reports show if the company's sales, assets, and liabilities have increased, decreased, or stayed the same. The following is an analysis of McDonald’s Corporation 2010 Annual Financial Report, and will compare the financial health of the company, explain why it is worth investing, and provide analyses to support the investment decision. McDonald’s was ranked 111 on Fortune 500’s annual ranking of America’s largest corporations in 2010 (Fortune 500, 2011). The restaurant is one of the largest fast-food chains in the world and experienced many financial highs in 2010. Revenues increased 6% and the guest count rose by 4.9%, in addition to the Company returning $5.1 billion to shareholders (McDonald’s Corporation, 2011, p.11). These are just glimpses of what the organization accomplished over the course of a year. In order to provide more information on McDonald’s...
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...ACC 561 WEEK 4 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-4-2 Visit Our website: http://hwsoloutions.com/ Product Description ACC 561 Week 4, Bilici and Dalci (2008) state “the basic premise of ABC is products consume activities, activities consume resources and resources consume costs” (p. 63). The cost of a product comprises of direct labor, direct material, and overheads. Direct material and direct labor can be traced more easily to a particular product, but this is not the case for overheads, which is not easy to trace to a particular product when determining its product cost. Activity-based costing helps in allocating cost to the product according to the resources used by each activity (See Appendix A). The In-House Manufacturing Department The annual costs for R&D activities are broken up as follows: Market analysis $1,050,000 Product design $2,350,000 Product development $3,600,000 Prototype testing $1,400,000 R&D spends a total of $8,400,000. The cost drivers and their usage for the related activities: Activities Cost Drivers Total Estimated Drivers Market analysis Hours of analysis 15,000 hours Product design Number of designs 2,500 designs Product development Number of products 90 products Prototype testing Number of tests 500 tests When determining activities cost to the in-house manufacturing department, the cost per driver unit must be calculated (See Appendix B). The in-house manufacturing department...
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...A++PAPER;http://www.homeworkproviders.com/shop/acc-561-week-4/ ACC 561 WEEK 4 ACC 561 Week 4, Acc 561 Week 4 Managerial Analysis 2-Team Assignment Costing and Decision Making.xls 3-Variable and Absorption Costing Team A.xls MANAGERIAL ANALYSIS Ideal Manufacturing Company of Sycamore, Illinois, has supported a research and development (R&D) department that has for many years been the sole contributor to the company’s new farm machinery products. The R&D activity is an overhead cost center that provides services only to in-house manufacturing departments (four different product lines), all of which produce agricultural/farm/ranch related machinery products. The department has never sold its services outside, but because of its long history of success, larger manufacturers of agricultural products have approached Ideal to hire its R&D department for special projects. Because the costs of operating the R&D department have been spiraling uncontrollably, Ideal’s management is considering entertaining these outside approaches to absorb the increasing costs. But, (1) management doesn’t have any cost basis for charging R&D services to outsiders, and (2) it needs to gain control of its R&D costs. Management decides to implement an activity-based costing system in order to determine the charges for both outsiders and the in-house users of the department’s services. R&D activities fall into four pools with the following annual costs. Market analysis $1,050...
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...price. Table 1 identifies the assumptions that have been used for the evaluation of this acquisition. Table 1 Assumptions Reference Laminate Technology reduces power by a mean of 17.5% Pg 3, HBS 9-280-102 Laminate Technology is depreciated over 10 years Pg 3, HBS 9-280-102 Sodium Chlorate price growth is 8%, per annum Pg 4, HBS 9-280-102 Power cost (per KWH) growth is 12%, per annum Pg 4, HBS 9-280-102 Plant Life is 10 years Pg 1, Assessed work Sheet Plant Salvage Value is zero Pg 1, Assessed work Sheet EBIT is flat after 1984 Pg 1, Assessed work Sheet Capital Expenditures: $600,000 per annum after 1984 Pg 1, Assessed work Sheet Net Working Capital Remains flat after 1984 Pg 1, Assessed work Sheet Definition of “Flat” Pg 4 http://www.imf.org/external/pubs/ft/wp/2006/wp06218.pdf 6.5% is the Equity Risk Premium Slide 21, Risk and Return, class notes- http://www.investopedia.com/articles/04/012104.asp Tax rate is 48.69% Exhibit 7, HBS 9-280-102 From 1984 to 1989, the following growth rates are used Exhibit 8 , HBS 9-280-102 4 year Growth rate is used for Variable Costs Exhibit 8, HBS 9-280-102 Capital investment is based on figures from 1980-1984 Exhibit 8, HBS 9-280-102 PPE and depreciation is based on figures from 1980-1984 Exhibit 8, HBS 9-280-102...
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...UNOFFICIAL Name: Sun, Jianan Student SSN: Student Number: 10792211 Print Date: 05/31/2013 Page Number: 1 of 1 2012 Spring Semester COURSE TITLE GRADE LNDS/PEOPLE NON-WEST WLD D INTRODUCTION TO MUSIC B STATISTICAL METHOD A MANAGERIAL USES OF B ACCOUNTING INFO ACC 201 FINANCIAL ACCOUNTING I A AHRS EHRS QHRS Semester 15.0 15.0 15.0 Cumulative 30.0 64.0 30.0 Status Good Standing Status No Academic Honors CRS GEO MUS STA ACC NUM 160 100 291 202 CRS NUM A-S 280 Requested by: Jianan Sun -------------------------------------------Undergraduate Academic Record SCHOOLS ATTENDED Secondary Schools: Xi'an Gaoxin Tangnan High School Higher Education Institutions: Xi'an University of Finance & Econom 08/2009 - 05/2010 Issued to: HOURS 3.0 3.0 3.0 3.0 3.0 QPTS 45.00 84.00 QPTS 3.00 9.00 12.00 9.00 12.00 GPA 3.000 2.800 U N O F F I C I A L Test Scores: -------------------------------------------------------Transfer Credit Applied to 2011 Fall Semester Xi'an University of Finance & Econom 08/2009 - 05/2010 XICN001 FUNDAMENTALS OF COLLEGE C 3.00 NEEDEVAL XICN002 ADVANCED MATHS 1 (ECONOMI 3.00 MA 1--XICN003 INTRODUCTION TO LAW OF EC 3.00 ECO 4--XICN004 MORAL CULTIVATION AND BAS 3.00 GEED2--XICN005 PE (1) 1.00 KHP 1--XICN006 MICRO-ECONOMICS 3.00 ECO 201 XICN007 COLLEGE CHINESE 2.00 GEED1--XICN008 ADVANCED MATHS 2 (ECONOMI 3.00 MA 123 XICN009 MANAGEMENT 3.00 MGT 301 XICN010 MACRO-ECONOMICS 2.00 ECO 202 XICN011 PRINCIPLE OF MARXISM 3.00 GEED2--XICN012 DATABASE APPLICATION 2.00 NEEDEVAL...
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...was expected to eliminate graphite costs and reduce power consumption at the Collinsville plant by 15% to 20%. We will evaluate the acquisition of the Collinsville by Dixon at the proposed price. Table 1 identifies the assumptions that have been used for the evaluation of this acquisition. Table 1 Assumptions Laminate Technology reduces power by a mean of 17.5% Laminate Technology is depreciated over 10 years Sodium Chlorate price growth is 8%, per annum Power cost (per KWH) growth is 12%, per annum Plant Life is 10 years Plant Salvage Value is zero EBIT is flat after 1984 Capital Expenditures: $600,000 per annum after 1984 Net Working Capital Remains flat after 1984 Definition of “Flat” Reference Pg 3, HBS 9-280-102 Pg 3, HBS 9-280-102 Pg 4, HBS 9-280-102 Pg 4, HBS 9-280-102 Pg 1, Assessed work Sheet Pg 1, Assessed work Sheet Pg 1, Assessed work Sheet Pg 1, Assessed work Sheet Pg 1, Assessed work Sheet Pg 4 http://www.imf.org/external/pubs/ft/wp/2006/wp06218.pdf 6.5% is the Equity Risk Premium Tax rate is 48.69% From 1984 to 1989, the following growth rates are used 4 year Growth rate is used for Variable Costs Capital investment is based on figures from 1980-1984 PPE and depreciation is based on figures from 1980-1984 Beta Debt is zero Debt to Equity Ratio: 35% : 65% Plant: Valuation starts in 1980 Laminate Tech valuation starts in...
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...ACC 557 Complete Assignments 1 ,2 and 3 To Purchase all Assignments please follow The Link Below http://www.homework-aid.com/ACC-557-Complete-All-Assignments-12-3-Strayer-152.htm ACC 557 Assignment 1: Review of Accounting Ethics Purchase Assignment 1 here Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, or the general public. Search the Internet or the Strayer Library to locate a story in the news that depicts an accounting ethical breach. You may select from any type of organization about which you have information or a curiosity. Write a four to five (4-5) page paper in which you: Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer. Based on your research, describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. Determine how the organizational ethical issue was detected and how management failed to create an ethical environment. Analyze the accounts impacted and / or accounting guidelines violated and the resulting impact to the business operation. As a CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in the future. Use at least FIVE (5) quality academic resources...
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