Portfolio Project a. What are the primary lines of business of these two companies as shown in their notes to the financial statements? The Coca-Cola Company’s primary line of business is to manufacture, distribute and market nonalcoholic beverage concentrates, syrups, and sell finished beverages to bottling and canning distributors. The PepsiCo’s primary line of business is manufacture and use contract manufacturers market and sell a variety of salty, sweet and grain based snacks
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5 @ 250=1,250 Add 5+5=10 Add 1,000+1,250=2250 Divide 2250 by 10 = average cost of $225/item 3. First-in, First-out (FIFO) Ex. Perishable items: Dairy Jan1 50 X 5= 250 Produce Jan 2 50 X 6= 300 Baked Goods Sold 15 on Jan 4 15X5=$75
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DeVry ACCT 504 Week 8 Final Exam-2015 Latest (Graded Solution) IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/DeVry-ACCT-504-Week-8-Final-Exam-2015-Latest-533344120330.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Week 8 : Final Exam - Final Exam Page 1 Question 1. 1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships
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for a company size like Padgett’s ➢ Libris preferred to have the agreement signed before the end of the fiscal year, April 30, 1997 ➢ Fluctuating interest rates ➢ Phoenix’s entry in the picture ➢ Transformation of inventory valuation from FIFO to LIFO PROBLEM DEFINITION In order to maximize PPPC’s company value and to decrease the lending risk of CTC, they should establish a financing structure that would be beneficial and acceptable to both parties. *company value- profitability
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FINAL EXAM STUDY GUIDE The final exam consists of 100 multiple-choice questions from the information presented in Chapter 1 through Chapter 13. Each question is worth 2.5 points. This study guide indicates the items you should review before taking the exam. GOOD LUCK! CHAPTER 1 1. Know the 3 forms of business entities 2. Know the definitions of revenues and expenses 3. Know the difference between internal and external users 4. FASB – responsible for GAAP (accounting principles)
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Chapter 2 A company would withhold certain financial information from external parties if the information. I believe that it is unethical for company managers to limit the information available to their internal decision makers. It is unethical 2-54 1. Consistency-The same measurement application methods are used over time. 2. Neutrality - The accounting information is free of bias. 3. Feedback Value-The information provides input to evaluate a previously made decision.
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8.4) given series 7,0,1,2,0,3,0,4,2,3,0,3,2 a) FIFO: First in first out 7 | | | Step: 1 first we are entering the digit 7 Step: 2 2nd digits (0) in the 2nd value 7 | 0 | | Step: 3 7 | 0 | 1 | Step: 4 Since all the blocks are filled. As we know that FIFO is first in first out .According to our problem the “in “is “7” so we are replacing “7” with “2” 2 | 0 | 1 | Replacing 7 with 2 Step:
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Accounting Exam #1 Chapter 1 Organizing a business Proprietorship – proprietor – one, proprietor is personally liable Single owner, small retail stores, Partnership – Partnerss – two, partners are personally liable Not a taxpaying entity, income passes through to partners Governement by an agreement Mutual agency – each partner can act on behalf of the entity Unlimited liability Involve risk – limited liability partnerships lessen risk LLC – Members, Members are not personally
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Return on equity =Profit after taxShareholders equity×100 Return on capital employed = PBITCapital Employed×100 Gross profit=Sales-Cost of Goods sold Sales×100 net Margin= NET INCOME(PBIT) SALES×100 Asset turnover=Sales RevenueCapital employed Inventory turnover=Average inventories Cost of sales×365 Working capital ratio= Current AssetsCurrent Liabilities Activity Ratios Inventory Turnover: Cost of goods soldAverage turnover Debtor days:Trade receivablesrevenue×365 Creditor
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| 30 units @ | | $8.40 | | 25 | | Purchase | | 45 units @ | | $8.80 | A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is 13. During July, the
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