...Chapter_13_P13-2A (A) Earnings Per Share Net Income ÷ Shares Outstanding $300,000/ $5= $60,000 $290,000/ $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 =...
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... 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 (Mc Donalds).doc ACC 300 Week 5 Team Assignment Problem Set PE-2, E7-5, E7-6, E7-9.doc Business - Accounting ACC 300 Final Exam Answers University of Phoenix Principles of Accounting...
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..."Prepare responses to Problem Sets P2-6A (Page 85-86), and P13-2A (Page 731-732), from Chapter 2 and 13 of Financial Accounting: Tools for business decision making (6th ed.) by John Wiley & Sons." P2-6A Condensed balance sheet and income statement data for Sievert Corporation "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 assets $760,000 $685,000 Liabilities and Stockholders’ Equity Current liabilities 75,000 70,000 Long-term debt 80,000 90,000 Common stock 330000 300000 Retained earnings 275000 225000 Total liabilities and stockholders’ equity 760,000 685,000 "SIEVERT CORPORATION Income Statement For the Years Ended December 31" 2012 2011 Sales $750,000 $680,000 Cost 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 expenditures $45,000 $38,000 Dividends paid $20,000 $15,000 Average number of shares outstanding 33,000.00 30,000.00 Instructions Compute...
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...Problem Set II Problem Set II P2-6A 2013 2014 A. Earnings per share $60,000/30,000 shares= $2.00 $70,000/33,000 shares= $2.12 B. Working capital ($20,000 + $62,000 + $73,000) ($28,000 + $70,000 + $90,000) – -$70,000=$85,000 $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 net income and earnings have shown to have increased, in return this shows the company has grown. P13-2A A. Earnings per share $218,000/74,000=$2.95 B. Return on common on stockholders' equity $218,000/[($465,400+$603,400)/2] =$218,000/$534,400 =40.8% C. Return on assets $218,000/[($852,800+$1,026,900)/2]=$218,000/$939,850=23.2% D. Current ratio $377,900/$203,500=1.85:1 E. Receivables turnover $1,890,540/[($102,800+$117,800)/2]=$1,890,540/$110,300=17.1 F. Average collection period 365 days +17.1 =21.3 days G. Inventory turnover $1,058,540/[(115,500+$126,000)/2]=$1,058,540/$120,750=8.8 times H. Days in inventory 365 days +8.8 =41.5 days I. Times interest earned $332,000/$22,000=15.1 J. Asset turnover...
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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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...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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...Problem Set II P2-6A A. Earnings per share. | | Earnings per share = Net income/Average No. of outstanding shares | | 2011-$2.00 = 60,000/30,0002012- $2.12=70,000/33,000 | | B. Working capital. | | Working capital = current assets - current liabilities | | 2011- 85,000 = 155,000-70,0002012- 113,000 = 188,000- 75,000 | | C. Current ratio. | | Current ratio = Current assets/Current liability | | 2011 :2.2 =155,000/70,0002012: 2.5 = 188,000/75,000 | | D. Debt to total assets ratio. | | | | Debt to total asset ratio = Total debt/Total assets | | 2011- 23.4% = 160,000/685,0002012- 20.4% = 155,000/760,000 | | E. Free cash flow. | | Free cash flow = Cash from operating activities-Cash used for cap. Exp.-Dividends | 2011- 3,0002012-17,000 | | F.) Based on the ratios calculated, discuss briefly the improvement or lack thereof in | Financial position and operating results from 2011 to 2012 of Sievert Corporation. | | | There was an increase of net income and earnings per share in which showed the growth of the company. The liquidity showed in the working capital and ratio. The solvency improved the debt of total assets ratio and the free cash flow | | | | | P13-2A A. Earnings per share: Earnings per share = Net income/Average No. of outstanding shares $218,000/59,000 = $3.69 No. of outstanding share for 2012 = 290,000/5: 58000 No. of outstanding share for 2011 = 300,000/5: 60000 Average no. of outstanding...
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...Problem Set II ACC300 P2-6A A. Earnings per share. | | Earnings per share = Net income/Average No. of outstanding shares | | 2011-$2.00 = 60,000/30,0002012- $2.12=70,000/33,000 | | B. Working capital. | | Working capital = current assets - current liabilities | | 2011- 85,000 = 155,000-70,0002012- 113,000 = 188,000- 75,000 | | C. Current ratio. | | Current ratio = Current assets/Current liability | | 2011 :2.2 =155,000/70,0002012: 2.5 = 188,000/75,000 | | D. Debt to total assets ratio. | | | | Debt to total asset ratio = Total debt/Total assets | | 2011- 23.4% = 160,000/685,0002012- 20.4% = 155,000/760,000 | | E. Free cash flow. | | Free cash flow = Cash from operating activities-Cash used for cap. Exp.-Dividends | 2011- 3,0002012-17,000 | | F.) Based on the ratios calculated, discuss briefly the improvement or lack thereof in | Financial position and operating results from 2011 to 2012 of Sievert Corporation. | | | There was an increase of net income and earnings per share in which showed the growth of the company. The liquidity showed in the working capital and ratio. The solvency improved the debt of total assets ratio and the free cash flow | | | | | P13-2A A. Earnings per share: Earnings per share = Net income/Average No. of outstanding shares $218,000/59,000 = $3.69 No. of outstanding share for 2012 = 290,000/5: 58000 No. of outstanding share for 2011 = 300,000/5: 60000 Average no. of...
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...company’s financial performance based on the impropriety and the resulting effect to stakeholder confidence in management, recommending how the company can minimize the resulting impact to the business. ACC 557 Week 1 DQ2 General Accounting Principles “Bookkeeping and accounting are the same.” In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position.Analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making. ACC 557 Week 1 Homework Chapter 1 (E1-4,E1-7,E1-11,P1-2A) ACC 557 Week 2 ACC 557 Week 2 Homework Chapter 2 (E2-6,E2-9,E2-11,P2-2A) ACC 557 Week 2 Homework Chapter 3 (E3-6,E3-7,E3-11,P3-2A) ACC 557 Week 2 Quiz – Chapter 1 ACC 557 Week 3 ACC 557 Week 3 DQ1 Researching Financial Information From the e-Activity, analyze one company’s financial position and determine whether or not the stock potential will rise, remain stable, or decrease in value. Determine whether you would invest in it or not at this time. Provide a...
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...ACC 560 Week 1 Homework Chapter 1 (E1-5, E1-9, E1-10 and E1-2A) For more course tutorials visit www.tutorialrank.com ACC 560 Week 1 Homework Chapter 1 (E1-5, E1-9, E1-10 and E1-2A) E1-5 E1-5 Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows. 1. Property taxes on the factory building. 2. Production superintendents’ salaries. 3. Memory boards and chips used in assembling computers. 4. Depreciation on the factory equipment. 5. Salaries for assembly-line quality control inspectors. 6. Sales commissions paid to sell laptop computers. 7. Electrical components used in assembling computers. 8. Wages of workers assembling laptop computers. 9. Soldering materials used on factory assembly lines. 10. Salaries for the night security guards for the factory building. The company intends to classify these costs and expenses into the following categories: (a) Direct materials, (b) Direct labor, (c) Manufacturing overhead, (d) Period costs. List the items (1) through (10). For each item, indicate the cost category to which it belongs. E1-9 E1-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. E1-10 E1-10 Manufacturing cost data for Copa Company arc presented below. Case A Case B Case C Direct materials used $ (a) $68,400 $130,000 Direct labor ...
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...London College of Business and Finance MBA Through Resource Development International (RDI) Managing Change in Organisations Assignment [pic] Report on Change at Little Chef, Popham, Hampshire Submitted by: ……………… Report on Organisational Change at Little Chef, Popham, Hampshire Index Page 1 Introduction and Terms of Reference 3 2 Research 3 3 Abbreviations 3 4 Little Chef, the case study 5 4.1 Background 5 4.2 The main objectives of the organisational change 6 5 Forcefield Analysis 7 6 Evaluate of change management effectiveness 16 6.1 Create a sense of urgency 17 6.2 Pull together the guiding team 18 6.3 Develop the change vision and strategy 19 6.4 Communicate for understanding and buy-in 20 6.5 Empower others to act 21 6.6 Produce short term wins 22 6.7 Don’t let up 22 6.8 Create a new Culture 23 7 Assessing change objectives 23 7.1 Balanced Score Card 25 7.1.1 Finance 25 7.1.2 Customers 26 7.1.3. Business 27 7.1.4 Learning and growth 27 7.15 Recommendations 29 Bibliography 30 Annexures 36 Channel 4 Summaries of TV series 41 Managing Change in Organisations Report on the Business Process Transformation Of Little Chef, Popham, UK January 2010 1 Introduction and Terms of Reference ...
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...Contents Before you begin vii Topic 1: Communicate organisational mission and goals 1 1A Clarify objectives, values and standards 2 1B Establish linkages between organisational objectives, values, standards and responsibilities 10 1C Ensure appropriate media and language are used 12 1D State clear expectations and address them in a way that builds commitment 16 1E Investigate incidents promptly and communicate results 21 Summary26 Learning checkpoint 1: Communicate organisational mission and goals 27 Topic 2: Influence groups and individuals 31 2A Build others’ trust, confidence and respect 32 2B Embrace, resource and effectively implement improvements to workplace culture 43 2C Demonstrate understanding of the global environment and new technology 47 2D Ensure actions convey flexibility and adaptability to change and accessibility 51 2E Ensure collaborative and effective decision-making 57 2F Ensure the organisation is positively represented 62 Summary64 Learning checkpoint 2: Influence groups and individuals 65 Topic 3: Build and support teams 69 3A 3B 3C 3D 3E Assign accountabilities and responsibilities to teams 70 Ensure teams are resourced to allow them to achieve their objectives 75 Empower teams and individuals through effective delegation and support 78 Create and maintain a positive work environment 83 Encourage teams and individuals to develop...
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...Physics PHYSICS FORMULAE AND PRINCIPLES Fundamental quantities and SI units The standard units were set up by the international system of units, SI The fundamental quantities, there symbols and there SI units a listed below Quantity symbol SI unit & unit symbol Length l metre (m) Mass m kilogram (k g) Time t second (s) Temperature T Kelvin (k) Current I Ampere (A) Amt. substance mol mole 6.02 x 10 23 (molecules) Luminous intensity - candela (c d) MULTIPLES AND SUBMULTIPLES Multiples are larger than the base units and submultiples are smaller than the base units Multiples Symbol Prefix Meaning Example Deca d 10 1 0 Decameter Hecto h 102 100 Hectometer ...
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...Contents Before you begin vii Topic 1: Plan for the new or modified administrative system 1 1A Identify the requirements of the administrative system 2 1B Obtain quotations from the suppliers/developers of systems 10 1C Select a system supplier or developer 14 Summary17 Learning checkpoint 1: Plan for the new or modified administrative system 18 Topic 2: Implement the new or modified administrative system 23 2A Identify and develop implementation strategies 24 2B Encourage staff to participate in the implementation process 29 2C Implement the system 32 2D Define and communicate procedures for using the system 35 2E Provide training and support on the use of the system 38 2F Deal with contingencies to ensure minimal impact on users 42 Summary46 Learning checkpoint 2 : Implement the new or modified administrative system 47 Topic 3: Monitor the administrative system 51 3A Monitor the system’s use, security and output 52 3B Modify the system to meet changing needs 57 3C Identify further modifications and notify users 61 3D Monitor staff training needs 63 Summary65 Learning checkpoint 3: Monitor the administrative system 66 Final assessment 69 Assessment information and scope Are you ready for assessment? Final assessment overview Assessment plan Final assessment tasks Record of outcome 70 71 72 73 74 101 Unit release 1 (Aspire Version 1.1) © Aspire Training...
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...BRIEFING PAPER Number 06553, 10 November 2015 Zero-hours contracts By Doug Pyper and Aliyah Dar Inside: 1. Introduction 2. The prevalence of zero-hours contracts 3. The legal implications of zerohours contracts 4. Zero-hours contracts and jobseeker benefits 5. Coalition Government review of zero-hours contracts 6. Coalition Government consultations 7. Small Business, Enterprise and Employment Act 2015 8. Draft Regulations 9. Opposition proposals prior to the 2015 General Election 10. Scottish Affairs Committee report 11. Comment www.parliament.uk/commons-library | intranet.parliament.uk/commons-library | papers@parliament.uk | @commonslibrary Number 06553, 10 November 2015 Contents Summary 3 1. Introduction 4 2. 2.1 The prevalence of zero-hours contracts Number of people employed Estimates from the Labour Force Survey Estimates from other sources Prevalence by business size and sector Health and social care sector Further and higher education sector Characteristics of people on employed on zero-hours contracts 5 5 5 6 6 7 8 8 2.2 2.3 3. 3.1 The legal implications of zero-hours contracts Zero-hours contracts and employment status The reality of the agreement 10 10 11 4. Zero-hours contracts and jobseeker benefits 13 5. Coalition Government review of zero-hours contracts 14 6. 6.1 6.2 Coalition Government consultations Consultation outcome: banning exclusivity clauses Consultation on banning exclusivity clauses 16 16 17 7. Small Business, Enterprise and...
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