...Week 5 Assignment ACC206 1. Basic present value calculations Future Value $12,000.00 Years: 5 Rate: 12% Present Value = $6,809 Annual Cash Flow $16,000.00 Duration 12 Rate 14% Present Value $90,565 Rate 10% Year Cash Flows Present Value 0 $ - $ - 1 $15,000.00 $13,636.36 2 $ - $ - 3 $10,000.00 $7,513.15 Present value $21,150 Rate 16% Year Cash Flows Present Value 0 $ - $ - 1 $8,000.00 $6,896.55 2 $8,000.00 $5,945.30 3 $8,000.00 $5,125.26 4 $10,000.00 $5,522.91 Present value $23,490 2. Cash flow calculations and net present value A. Year Cash Flow 20X1 ($10,000) 20X1 $1,300 20X2 $1,300 20X3 $14,550 B. 20X1 -10000 20X1 1120.69 20X2 966.1118 20X3 9321.569 1408.371 C. Yes it was a good idea to require the stock because the NPV is positive. 3. Straightforward net present value and internal rate of return NPV of Total Costs ($445,000.00) NPV of Total Savings $392,725.90 -$40,000 saved each year for 20 years. NPV of Cash Flows ($52,274.10) NPV is negative so it is not a good idea to acquire the landfill. 4. Straightforward net-present-value and payback computations Revenues 600000 Variable cost 400 400000 fixed cost 160000 40000 120000 Total cash...
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...NAME: CLASS ACC206: PRINCIPLES OF ACCOUNTING 11 WEEK 4: WEEK FIVE PROBLEMS PROFESSOR: ANGELA SNEED DATE: 07/05/2012. Week Five Problems Chapter 22, E 22-19 Chapter 22, P 22-22A Chapter 23, P 23-28A E22-19 Preparing a financial budget Consider the following June actual ending balances and July 31, 2012, Budgeted amounts for Oleans.com: a. June 30 inventory balance, $17,750 b. July payments for inventory, $4,300 c. July payments of accounts payable and accrued liabilities, $8,200 d. June 30 accounts payable balance, $10,600 e. June 30 furniture and fixtures balance, $34,500; accumulated depreciation balance, $29,830 f. June 30 equity, $28,360 g. July depreciation expense, $900 h. Cost of goods sold, 50% of sales i. Other July expenses, including income tax, total $6,000, paid in cash j. June 30 cash balance, $11,400 k. July Budgeted credit sales, $12,700 l. June 30 accounts receivable balance, $5,140 m. July cash receipts, $14,200 Requirement 1. Prepare a budgeted balance sheet. E 22-19 Requisition. 1 | Cash + | Accounts receivable+ | Inventory+ | Furniture+ | (Accum. Deprec.) | = | Accounts payable + | Stockholders’ equity | June 30 balance | J)$11,400 | l)$5,140 | A)$17,750 | E)$34,500 | E)$(29,830) | = | D)$10,600 | F)$28,360 | Payments for inventory | B)(4,300) | | 4,300 | | | = | | | Payments on account | (8,200) | | | | | = | C)(8,200) | | Depreciation | | | | | G)(900) | = | | (900)...
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...7/12/2015 ACC_206_Week_Three_Assignment_WP : ACC ACC206 : Ashford University : Homework ACC_206_Week_Three_Assignment_WP Home Ashford University ACC ACC ACC206 ACC_206_Week_Three_Assignment_WP You have successfully unlocked this document. You have 28 more unlocks available. Was this document helpful? Yes Download Document https://www.coursehero.com/file/11645606/ACC206WeekThreeAssignmentWP/?timestamp=20150712140326 1/6 7/12/2015 ACC_206_Week_Three_Assignment_WP : ACC ACC206 : Ashford University : Homework Share and earn access JudgeComputerCapybara1598 Ashford University Follow ~ 17 https://www.coursehero.com/file/11645606/ACC206WeekThreeAssignmentWP/?timestamp=20150712140326 4 2/6 7/12/2015 ACC_206_Week_Three_Assignment_WP : ACC ACC206 : Ashford University : Homework VIEWS DOWNLOADS 0 2 HELPFUL UNHELPFUL 0 0 About this Document SCHOOL Ashford University COURSE ACC ACC206, Fall 2015 PROFESSOR PACKWOOD TYPE Homework PAGES 4 WORD COUNT 756 Is this correct? Flag Get Help in ACC ACC206 Ask our Tutors a Question... Select a Subject: * https://www.coursehero.com/file/11645606/ACC206WeekThreeAssignmentWP/?timestamp=20150712140326 3/6 7/12/2015 ACC_206_Week_Three_Assignment_WP : ACC ACC206 : Ashford University : Homework Select a Subject Due Date and Time: * Due Date Any ...
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...ACC206 Personal Income Tax I Mr. Fran Bania Eli Magalhaes 07/09/2012 Chapter 1 - 7 - pg 1-37 -Proportional - Is if the rate of tax remains constante for any given income. Ex.: Exicise taxes, general sales taxes, and employment taxes(FUTA, FICA) -Progressive - Is if a higher rate of taxes apply as the tax base increases. Ex.: The Federal Income Tax, Federal Gift and state taxes, and most state income tax rate structure. Chapter 2 - 28 - pg 2-42 It depends where the litigation originated. - 40 - pg 2-43 Using the Commerce Clearing house’s federal Taxes Articles, which is a muitivolume service includes a subjecte index, a Code Section number index, and an author index. Another is the Index to Federal Tax Articles. Both if this indexes are updated periodicaly, but are available only in print form. As far far as determining the validity and reliability: • IRS agents must give the code and the regulations issues thereunder equal weight when dealing with taxpayers and their representatives. • Proposed regulations provide a preview of future final regulations, but they are not biding on the IRS or the taxpayers. • In a challenge, the burden of proof is on the tax payer to show that regulation varies from the leanguage of the statute and has no suport in the Committee Reports. • If the taxpayer loses the challenge, a 20% negligent penalty may be imposed. A citador provides the history of a case, including the authoroty relied on other judicial decisions...
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...Operating Budgets Your Name ACC206 Instructors Name April 09, 2012 Operating Budgets An operating budget for a company is a budget that the company operates by. Without this, the company could spend too much money leading them into a bankrupcy or could spend too little money and could cut into the loss of potential sales. The operating budget helps a company maximize its maximum potential without falling in a hole that it cannot climb out of. The operating budget is part of the company's master budget. Horngren, Harrison & Oliver state that the operating budget is a set of budgets that project sales revenue, cost of goods sold, and operating expenses, leading to the budgeted income statement that projects operating income for the period. Once the company knows the income that it has to operate with, it will send budgets out to the stores and this is the budgets that management must work with in operations. There should never be a store, no matter how big or how small that should run without a budget. Management needs to know what they are budgeted in order to maximize profits. The projected sales revenue is made in order to let management know how many units will need to be sold to reach the breaking point. Once the breaking point is made, the rest of the units will generate income for the store. The cost of goods sold will determine how many units will need to be sold in order to reach the breaking point for the sales revenue. Each unit cost money to make...
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...Operating Budget Christine Mosqueda ACC206: Principles of Accounting II Instructor LaKeitha Givens Date Submitted Operating Budget Within a firm, there are many approaches a manger must organize to get the required attention from the employees. The most important and necessary thing a manager must do is to be able to construct a budget. In an operating budget, there are many different elements that are required to maintain the integrity of the budget for the company. Managers must include an operating budget that keeps the company disciplined and organized. As the manager develops the operating budget, he/she must also decipher what the variance of the budget is. An operating budget is as important as a heart is to a human, if the operating budget is designed correctly, then the company with the budget could flourish into a successful business. In the process of developing the operating budget, the first step is to start with the construction of the budget. To start constructing a budget, the company needs to form a plan. In the process of forming a plan, management would get together to then choose a direction that they would like the company to go. After forming a plan, the company also needs to think about the development of the strategy. The development of the strategy is extremely important because as in any strategy if you move too early or too late, the whole strategic plan could be ruined. The strategy a company takes will determine how successful...
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...Principles of Accounting II Final Paper Scott Khy ACC206: Principles of Accounting II (BAH1603A) Instructor: Dawayne Rowell February 15th, 2016 RISK PROFILE OF THE COMPANY Review of ABC Company and the directions it is targeting. The strategy of the company is to lift the expected sales in an aggressive fashion, with the expected end target being to triple the current levels. The plan is to push sales into the targeted range of $3 million within 3 years versus the current amount which sits at $1.2 million. We will identify the perceived risk factors that may impact this aggressive strategy and its successful execution. The following will be those risk factors: i. Risk of product not meeting customer demands/expectations ii. Acceptability risk of customers with the new product being released iii. Competition levels may increase with new products being replicated, which can in turn result in the loss of market share iv. Production impacts; Identifying new product raw materials and the suppliers necessary. One of the major tasks is being able to find affordable quality raw materials from a reliable supplier who can support on a consistent basis. v. Forecasting inflation and the level of impact it will have on product. Customer cost versus production cost is a vital element in which management must be able to identify the fluctuations in price of product in future to dictate profitability level. vi. Labor is a vital resource in the production...
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...The Importance of Managerial Accounting ACC206: Principles of Accounting II May 16, 2012 The Importance of Managerial Accounting Every business whether large or small has a need for an accountant. Accountants are expected to know about the business from top to bottom and are responsible for reporting numbers and figures on financial statements for outside as well as inside decision-makers. The type of accounting that reports to inside decision-makers is managerial accounting. Without this vital information reported by managerial accounting, the business will not be able to operate in a profitable manner. This will be a brief discussion about managerial accounting by answering a few questions such as; what is management accounting, what are the sources of data, and how are the data used to make management decisions, all reflecting in the importance of managerial accounting to any business. Managerial accounting provides vital pieces of financial information about a business’s operations to inside decision-makers allowing them to analyze the business in a more profitable manner. “Managerial accounting provides information to help managers plan and control operations as they lead the business” (Horngren, et al., 2012, p.775). Not only does managerial accounting provide the financial information, but it also “includes managing the company’s plant, equipment, and human resources” (Horngren, et al., 2012, p.775). All of these different departments of a business offer...
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...first few chapters of their textbooks while they are waiting for the print book to arrive. eChapters help students to keep up with required reading and assignments until they receive their course material, without having to pay expedited shipping costs. eChapters that are available from the publisher are attainable free of charge. How do students gain access to free eChapters? Not all courses or textbooks have eChapters available. For all courses where eChapters are available, the files are located in the student’s Blackboard course shell under the Student Center. Below is a list of courses with eChapters loaded into the course shells, giving students free access as of the first day of classes. * = eChapters are forthcoming Course ID ACC100 ACC206 ACC303 ACC304 ACC305 ACC306 Text Title Accounting Principles – 9th edition Accounting Principles – 9th edition Intermediate Accounting 14e Intermediate Accounting 14e Intermediate Accounting 14e Microcomputer Applications for Accounting Excel 2010 Microsoft® Excel 2010: A Case Approach, Complete, 1st Edition, copyright 2011 SOUTH WESTERN FEDERAL TAXATION 2012: COMPREHENSIVE, 36th ed. South-Western Federal Taxation 2013: Corporations, Partnerships, Estates and Trusts, 36th Edition Cost Accounting 13th 09 ed. Advanced Accounting 4th 10th ed. Auditing & Assurance Services 13th 10 ed. Core Concepts of Government and Not for Profit Accounting 2nd ed., 2011 ed ACC 499: Accounting Capstone: Custom Edition Author Weygandt, Kimmel & Kieso Weygandt...
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...2012 Catalog Volume 20 Issue 1 March 5, 2012 – December 31, 2012 This Catalog contains information, policies, procedures, regulations and requirements that were correct at the time of publication and are subject to the terms and conditions of the Enrollment Agreement entered into between the Student and ECPI University. In keeping with the educational mission of the University, the information, policies, procedures, regulations and requirements contained herein are continually being reviewed, changed and updated. Consequently, this document cannot be considered binding. Students are responsible for keeping informed of official policies and meeting all relevant requirements. When required changes to the Catalog occur, they will be communicated through catalog inserts and other means until a revised edition of the Catalog is published. The policies in this Catalog have been approved under the authority of the ECPI University Board of Trustees and, therefore, constitute official University policy. Students should become familiar with the policies in this Catalog. These policies outline both student rights and student responsibilities. The University reserves the right and authority at any time to alter any or all of the statements contained herein, to modify the requirements for admission and graduation, to change or discontinue programs of study, to amend any regulation or policy affecting the student body, to increase tuition and fees, to deny admission, to revoke an offer...
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...Accredited Tertiary Courses Listing 2012 Accredited Tertiary Courses Listing 2012 – as at 26 September 2012 1 2012 Accredited Undergraduate Courses AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of New England The University of New South Wales The University of Newcastle The University of Sydney University of Technology, Sydney University of Western Sydney University of Wollongong Williams Business College NORTHERN TERRITORY Charles Darwin University QUEENSLAND Australian Catholic University Bond University Central Queensland University Christian Heritage College Griffith University James Cook University Queensland University of Technology The University of Queensland The University of Southern Queensland University of the Sunshine Coast SOUTH AUSTRALIA Flinders University Kaplan Business School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT...
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...OFFICIAL CATALOG This Catalog contains information, policies, procedures, regulations and requirements that were correct at the time of publication and are subject to the terms and conditions of the Enrollment Agreement entered into between the Student and ECPI University. In keeping with the educational mission of the University, the information, policies, procedures, regulations and requirements contained herein are continually being reviewed, changed and updated. Consequently, this document cannot be considered binding. Students are responsible for keeping informed of official policies and meeting all relevant requirements. When required changes to the Catalog occur, they will be communicated through catalog inserts and other means until a revised edition of the Catalog is published. The policies in this Catalog have been approved under the authority of the ECPI University Board of Trustees and, therefore, constitute official University policy. Students should become familiar with the policies in this Catalog. These policies outline both student rights and student responsibilities. The University reserves the right and authority at any time to alter any or all of the statements contained herein, to modify the requirements for admission and graduation, to change or discontinue programs of study, to amend any regulation or policy affecting the student body, to increase tuition and fees, to deny admission, to revoke an offer of admission and to dismiss from the...
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