...Comenzar un Negocio Irene Carreras Sánchez University of Phoenix ACC/561PR Accounting Dra. Aida Lozada Rivera 07 de junio de 2010 Para iniciar cualquier tipo de negocio, ya sea, de vender servicios, tienda por departamento, negocio propio, negocio con o sin fines de lucro, se necesita dejarse llevar por algún modelo de contabilidad. La contabilidad no es tan solo números y transacciones, la misma nos ayuda en la toma de decisiones a cerca del negocio. Según, Horngren at el, (2008) el sistema de contabilidad es un mecanismo para obtener, organizar, y comunicar la información financiera sobre las actividades de la institución. Unos de los principales objetivos que tiene el mismo, es la obligación que impone a las empresas públicas, en realizar al final de cada año unos reportes sobre sus operaciones. Estas empresas tienen como deber cada año publicar los mismos en los Principios de Contabilidad Generalmente Aceptados o por sus siglas en ingles GAAP. Estos se encargan de regular y de revisar los estados de cada empresa a final de cada año, para asegurarse que las empresas no están cometiendo ningún tipo de fraude y estén reportando todo lo referente a su negocio. Existen otros métodos de evaluación para las instituciones, todo va a depender de la naturaleza del negocio. Otro de los métodos de evaluación es la auditoria. La auditoria según, Horngren at el, es una especie de examen de los libros de la institución, con el propósito de determinar las...
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...Business Proposal Cera M. Spallone ECO/561 October 8, 2012 Mark Erenburg Business Proposal Thomas Money Service Inc. (TMS) is a consumer finance company that started its services in small loans for households since 1940. Thomas Money Service, Inc. would grow its market provisions later by offering businesses loans, acquisitions, and commercial real estate loans. In 1946, to enhance TMS, and the success, a subsidiary named Future Growth Inc. (FGI) was formed. FGI was a branch out decision into equipment financing. Unexpectedly, FGI procured an enormous demand for equipment; this steady control has lasted for 67 years. FGI purchased an equipment manufacturing company to keep up with the demand (University of Phoenix, 2011). Increase Revenue The recession has caused a decline in the forestry states where FGI has majority profits originating from. Oregon, Washington, and several other forestry states have combatted fires, flooding, and hazards that derail work. To pursue methods, which will boost profit, help preserve market share, Thomas Money Service, Inc. parent company to FGI has opted to look into another industry outside of homebuilding. Executing a well strategize plan to move into an industry with a high-demand for buildings would increase the revenue. In this market structure there are few firms in which sell either a standardized or differential product, into which entry is difficult, and the firm has limited control over product price because of mutual...
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...DETAILED SOLUTIONS AND CONCEPTS - FORMULAS AND WORD PROBLEMS Prepared by Ingrid Stewart, Ph.D., College of Southern Nevada Please Send Questions and Comments to ingrid.stewart@csn.edu. Thank you! PLEASE NOTE THAT YOU CANNOT USE A CALCULATOR ON THE ACCUPLACER ELEMENTARY ALGEBRA TEST! YOU MUST BE ABLE TO DO THE FOLLOWING PROBLEMS WITHOUT A CALCULATOR! Formula rearrangement refers to isolating a letter term other than the one already isolated in the formula. Solving formulas in the manner often shortens our work when doing repeated formula evaluations. After we solve the formula for the desired variable, we rewrite the formula with the variable on the left side for convenience and for use in electronic spreadsheets. Problem 1: Solve the "mark up" formula M = S - C for S. To solve the equation above, we will use the Addition Axiom to isolate the variable S by "moving" all terms associated with S by addition away from the variable. The variable associated with S by addition is C. Therefore, we must add C to both sides of the equation. M+C=S-C+C and M + C = S Finally, we rewrite the formula with S on the left S=M+C Problem 2: Solve the interest formula I = PRT for R. It stands for Interest = Principal Time. Rate To solve the equation above, we will use the Multiplication Axiom to isolate the variable R by "moving" all terms associated with R by addition away from the variable. The variables associated by multiplication with R are P T or PT. Therefore...
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...Week Five Assignment Alison Eades ACC/561 December 22, 2014 Jason See Week 5 Assignment Exercise 18-1 is about the Martinez Company’s decision to introduce a new product manufacture by either a capital-intensive method or a labor-intensive method. Provided are the manufacturing cost for both methods as well as the estimate. The capital-intensive manufacturing cost estimates are as follow: $5.00 per unit for direct materials, $6.00 per unit for direct labor, $3.00 per unit for variable overhead, and $2,508,000 for fixed manufacturing cost. The labor-intensive manufacturing cost estimates are as follow: $5.50 per unit for direct materials, $8.00 per unit for direct labor, $4.50 per unit variable overhead, and $1,538,000. The company’s research department recommends an introductory unit sale price of $30. The incremental selling expenses are estimated to $502,000 annually plus $2.00 for each unit sold, regardless of which manufacturing method is used. Capital-intensive methodologies of production require higher levels of labor. A: The estimated break-even point in annual unit sales of the new product is calculated differently dependent on the used method. 1.) With the capital-intensive method, the Martinez Company must calculate total fixed cost first; $2,508,000+$502,000=$3,010,000. The contribution margin per unit must also be calculated through selling price less variable cost ($30-$5-$6-$3-$2=$14). Total fixed cost over contribution margin per unit determines...
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...|[pic] |Syllabus | | |School of Business | | |ACC/561 Version 4 | | |Accounting | Copyright © 2011, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course applies accounting tools to make management decisions. Students learn to evaluate organizational performance from accounting information. Other topics include financial statements, cost behavior, cost allocation, budgets, and control systems. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If...
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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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...ACC 561 WEEK 2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-2-2 Visit Our website: http://hwsoloutions.com/ Product Description ACC 561 Week 2 Introduction Determining which form of business organization to operate as is imperative when opening a business. One needs to be knowledgeable of the intentions of the business, who is involved in the formation of the business, and components needed for a business to succeed. The business established gives a good determination of which form of business organization to pursue. In this paper, one will discuss a new small business and the goods or services it provides. Also, one will discuss the different forms of business organizations and which will work for the new business. Business Organization “Sole proprietorship is the simplest and most general structure chosen to start a business. It is an unincorporated business owned and run by one individual” (Small Business Administration, 2014, para. 1). One main advantage of sole proprietorship is having one owner, which means one would be entitled to all the profits. Another advantage to a sole proprietorship is that one can make all the business decisions without consulting with anyone. However, one who chooses a sole proprietorship assumes responsibility for debts and liabilities, which can become a burden to some business owners. Moreover, when operating as a sole proprietorship it is hard to raise money as investors and banks are leery to invest...
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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-2/ ACC 561 WEEK 2 You are interested in establishing a small business, and you must decide which form of business organization would best suit your unique product or service. Consider legal, tax, accounting, and other implications when selecting from the four business types. Write a paper of no more than 1,250 words discussing your small-business idea. Include the following: The advantages and disadvantages of the different forms of business organization, which include the following: Sole proprietorship Partnership C corporation S corporation The different types of financial statements required by law with each form of business organization, including different names for the equity sections. This does not mean an overview of what is on each statement. What entities are required by law to have statements and what is the difference in the equity? The following consequences associated with each form of business organization: Tax implications Legal implications Accounting implications, such as SOX, GAAP and FASB An explanation of the unique product or service your small business provides Your choice of business organization form for your new business Your rationale for choosing this form of business organization For tax implications for each entity, your book only says that some entities have advantages. Do some research to determine what the tax advantages and...
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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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...Financial Statement Differentiation Paper Jasmine Unger ACC/561 April 8, 2013 Professor Timothy Jared Financial Statement Differentiation Paper Financial statements provide documentation of a company’s financial history for a set timeframe. One of the financial statement used by investors, creditors, and mangers is the balance sheet. The second statement used by accountant’s income statement, which is also important to shareholders. The third statement is the retained earnings statement, and the fourth financial statement is the statement of cash flows. Each financial statement has a different purpose and shows different aspects of the company’s finances. However, these financial statements are integrated and work together to provide shareholders financial information. This paper will defines the four financial statements while explaining the financial statement most suitable for either an investor, creditor, or management. The Four Financial Statements The first financial statement is the balance sheet. The balance sheet provides a portrait of the company’s assets and liabilities. The balance sheet is the statement of financial position at a given point (Quick MBA, 2010). The second financial statement, the income statement, reports the revenues, and expenses during the same timeframe as the balance sheet. Revenue is the monies the company is gaining after expenses. The third statement is called the retained earnings statement, which explains changed in retained earnings...
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...Financial Statements Wal-Mart is Fortune 500 Company with presence in Puerto Rico. Investopedia (2012) defined accounting ratio: compares two aspects of a financial statement, such as the relationship of current assets to current liabilities. The ratios can be used to evaluate the financial situation of a company and shows the company's strengths and weaknesses, also help to compare with other organizations. The following ratios for 2009 calculated for Walmart: quick and current liquidity ratio are .2606 and .8837, DuPont ratio is .08 or 8% , profit margin is .333, asset utilization is .1403, and financial leverage is .5968. Accounting according to Horngren at el. (2008) is based on a set of principles on which there is a general agreement of conventions, rules, and procedures that together make up accepted accounting practice at any given time called generally accepted principles (GAAP). The Financial Accounting Standards Board (FASB) sets GAAP in the United States, and International Accounting Standards Board (IASB) establishes the international standards. Both organizations aim at establishing some guidelines for the preparation and interpretation of financial statements. Also, both ensure the reliability of the information because it should be accurate, and guarantee data integrity. The elements contained in the financial statements present fairly the transactions that have occurred in the companies. Both search for uniformity in accounting, they has a great impact...
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...Small Business Analysis James Dillon ACC/561 March 9, 2015 Tom Myers Small Business Idea My idea for a business is to open a business consulting firm for small business. I want to be able to provide expert insight to business owners on how to run the best and most profitable that they can. This business would start small with a handful of consultants and possibly in the future scale to multiple locations geographically. Sole Proprietorship In a sole proprietorship a company is owned and operated by one person. The only advantage to sole proprietorship is the owner will obtain the profits that the business makes as well as it is not difficult to obtain a sole proprietorship. The main disadvantage to sole proprietorship is the owner’s personal assets are liable for all business encounters. Due to this fact, a sole proprietorship is never the optimal choice for a form of business. DeFrancesco states the following about a sole proprietorship: “If the practice is structured as a professional corporation, S or C corporation, or a limited liability partnership, the assets of the company, rather than the physician’s assets, would be at risk in such cases” (DeFrancesco, 2006). Partnership A partnership is when two or more people bring their assets together and create a business. A couple of advantages of a partnership is that both of the parties are bringing in their time, effort and money to form the business. Also many times in partnership there is one person...
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...Most business enterprises in the United States are • government units. • partnerships. • proprietorships and partnerships. • corporations. Want more details? Download now ACC 561 Week 1 Quiz 3. A business organized as a separate legal entity is • government unit. • partnership. • corporation. • proprietor. 4. Which of the following is the best definition of an internal user of accounting information? • Creditors like banks that use accounting information to evaluate the risk of lending money. • Managers who use accounting information to plan, organize, and run a business. • Labor unions who use accounting information to examine the ability of the company to pay increased wages and benefits. • Investors who use accounting information to decide whether to buy or sell stock. Want help? Click to download ACC 561 Week 2 Quiz 5. Which of the following groups uses accounting information primarily to insure the entity is operating within prescribed rules? • Labor Unions • Management • Taxing authorities • Regulatory agencies 6. Which of the following groups uses accounting information to determine whether the company can pay its obligations? • Chief Financial Officer • Creditors • Investors in common stock • Marketing managers Want help? Click to download ACC 561 Week 4 Quiz 7. Which of the following financial statements is divided into major categories of operating, investing, and financing activities? • The retained earnings statement...
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