------------------------------------------------- Jones Electrical Distribution In the past several years, Jones Electrical Distribution is profitable, but it is in the condition of cash shortage. With its 2007’s sales go up, Jones need borrow more money to help its rapid development. Then he got a maximum line of credit $350,000. With our analysis report, we help Jones to choose whether to take advantage of 2% trade discount, we can observe that Jones’credit line will be $318,000 without discount
Words: 1166 - Pages: 5
* Findings and Analysis: Liquidity Ratio 1. Current Ratio: A company’s current assets divided by its current liabilities is known as the Current Ratio. This ratio is regarded as a measure of short-term debt paying ability. It measures the capability to obsolete the current liability with comparing to current asset by how many times. The equation is- Current Ratio = Current AssetCurrent Liability * The general rule of thumb calls for a current ratio of at least 2:1. If it is greater than
Words: 2270 - Pages: 10
Accenture Reports Fourth-Quarter and Full-Year Fiscal 2012 Results, With Record Annual Revenues, EPS, Operating Margin, Free Cash Flow and New Bookings -- Fourth-quarter revenues increase 2% in U.S. dollars and 9% in local currency, to $6.8 billion; quarterly EPS are $0.88; free cash flow is $1.6 billion --- For full year, revenues increase 9% in U.S. dollars and 11% in local currency, to $27.9 billion; EPS increase 13%, to $3.84; and free cash flow is $3.9 billion --- New bookings are $9.2 billion
Words: 6051 - Pages: 25
General Evaluation I. Theories 1. During the lifetime of an entity, accountants produce Financial Statements at arbitrary points in time in accordance with which basic accounting concept? a. Objectivity c. Matching Principle b. Periodicity d. Conservatism 2. The debit and credit analysis of a transaction normally takes place a. when the entry is posted to the ledger b. before an entity is recorded in a journal
Words: 1569 - Pages: 7
depreciation * 2) Player compensation * 3) Owners’ stadium fees In all of three of these conflicts, I noticed that the players tend to make more assumptions about the owners’ intentions than they do factual statements regarding sound accounting principles. I only mention this because Paul, the players’ lawyer, felt that the owners were being greedy and “hiding” profit in their accounting books rather than split their extra income with the players. According to our class reading Accounting for
Words: 305 - Pages: 2
Financial Statement Analysis of WIPRO LIMITED Prepared By: Ajay Dixit Abhishek Jain Megha Kumar Sandesh Gundale : pgpex 8/7 : pgpex 6/7 : pgpex 28/7 : pgpex 41/7 CONTENTS 1 FACT SHEET .................................................................................................................................. 1 1.1 1.2 2 3 SHARE PRICE INFORMATION ........................................................................................................ 1 STOCK PERFORMANCE ...........
Words: 5178 - Pages: 21
Balance Sheet - the information it provides | A typical balance sheet would look something like this. Balance Sheet of M/s Free Flow Fluids as on 30th June 2007 | Liabilities | Amount | Assets | Amount | Eq. Share Capital Pr. Share Capital Reserves and SurplusCapital Reserve General Reserve Share Premium Retained Earnings (P/L Appr.) Other ReservesLong Term Loans Fixed Deposits Collected Debentures Provisions for Taxation Provisions for Dividends Outstanding Expenses
Words: 31927 - Pages: 128
2010 Operating Budget Projection HCS/577 29 July 2013 2010 Operating Budget Projection Based upon a review of the Patton Fuller Community Hospital 2009 operating budget variances, the long and short term plans of the various hospital departments and an in depth analysis of general economic conditions, the following assumptions have been concluded and will be used in the preparation of the 2010 operating budget projections. Patton Fuller Community Hospital should anticipate
Words: 723 - Pages: 3
firm's encouragement of employee participation in the United Way fund drive. D. Receipt of services from a "quick-print" shop in exchange for the promise to provide advertising design services of equivalent value.` The accounting concept or principle applied when an allowance is provided for estimated uncollectible accounts receivable is: Answer A. A. consistency. B. matching revenue and expense. C. original cost. D. objectivity Accounts receivable are reported at: Answer
Words: 700 - Pages: 3
Pinnacle Manufacturing: A Case Study Auditing 444 Course Project Professor Ranauto August 4, 2013 Pinnacle Manufacturing: A Case Study Part 2. Section A. External users’ reliance on financial statements. * Situation 6.: Raising debt to finance a manufacturing plant for Solar-Electro. * Situation 11.: An intercompany loan to Solar-Electro from Welburn skews the financial statements. Likelihood of financial difficulties. * Situation 1.: Solar-Electro may not have
Words: 336 - Pages: 2
