August 10, 2014 XACC 291 Assignment 2 E9-1 1 A. The acquisition cost for the plant asset will contain all spending needed to obtain the asset and make it prepared for its own purpose. 1B. 1. Land 2. Factory Machinery 3. Delivery Equipment 4. Land Improvement 5. Delivery Equipment 6. Factory Machinery 7. Prepaid Insurance 8. License Expense E9-7 A. 1. Straight Line Method 2011: $3,500 2012:$ 3,500 Accumulated
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sheet and sources and uses statements (appendix 1), we can see that the line of credit payable increases every year, because Jones needs more and more funds to support the needs of working capital and invest to long-lived assets such as plant, property and equipment to support higher sales levels. We can see that Jones used its profits (changed in Net Worth), cash and short-term debt to support the needs of working capital and the increase of inventory (probably to support higher sales levels)
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Prepaid Expenses 1.935B 2.206B 1.532B Other Current Assets 1.720B 695.87M 1.131B Total Current Assets 40.02B 39.17B 27.00B 13.50B 9.486B 7.729B Fixed Assets Gross Property, Plant & Equipment 5.419B 5.095B 4.648B Accumulated Depreciation 2.398B 2.238B 1.885B Net Property, Plant & Equipment 3.021B 2.857B 2.763B 2.160B 1.926B 1.912B Long Term Investments 147.82M Goodwill & Intangibles 33.02B 29.41B 29.75B 14.95B 14.28B 8.253B Other Long Term Assets 1.67B 1
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Jordan, Converse, and Hurley and has partnered with many high profile athletes such as Michael Jordan, Kobe Bryant, and LeBron James to test and market its strong portfolio of brands. NIKE also incorporates a team of coaches, athletes, trainers, equipment managers, orthopedists, podiatrists, and a slewful of other experts to ensure they’re focused primarily on R&D activities that propel their brand to the forefront. (MarketLine, 2016) This focus and their alignment with external forces is vital due
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funds necessary for the day-to-day operation of the company. Noncurrent Assets Noncurrent assets are long-term assets that organizations intent to hold for at least a one-year period or longer and are not easily convertible to cash. Property, plant, and equipment and intangible assets (patents, trademarks, and licenses), and natural resources (mines, silver, and gold, etc.) are several types of noncurrent assets. These assets are important to the financial health of an organizations operation;
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Jamona Exercise Keith Mc Auley ACC545 January 30, 2012 Deborah Ashbury Jamona Exercise Date | Cash Received | Interest Revenue (PV) | Bond Premium Amortization | Carrying Amount of Bonds | 1/1/2006 | | | | 322,744.44 | 12/31/2006 | 36,000.00 | 30,545.34 | 5454.66 | 317,289.78 | 12/31/2007 | 36,000.00 | 29,750.40 | 4958.45 | 312,331.33 | 12/31/2008 | 36,000.00 | 27,046.80 | 4507.85 | 307,823.48 | 12/31/2009 | 36,000.00 | 24,588.00 | 4098.04 | 303,725.44 | 12/31/2010 | 36,000
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Jamona Exercise Date | Cash Received | Interest Revenue (PV) | Bond Premium Amortization | Carrying Amount of Bonds | 1/1/2006 | | | | 322,744.44 | 12/31/2006 | 36,000.00 | 30,545.34 | 5454.66 | 317,289.78 | 12/31/2007 | 36,000.00 | 29,750.40 | 4958.45 | 312,331.33 | 12/31/2008 | 36,000.00 | 27,046.80 | 4507.85 | 307,823.48 | 12/31/2009 | 36,000.00 | 24,588.00 | 4098.04 | 303,725.44 | 12/31/2010 | 36,000.00 | 22,352.40 | 3725.44 | 300,000.00 | | | | | | Journal entries Purchase
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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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C H A P T E R A Further Look at Financial Statements o STUDY OBJECTIVES 2 T H E N AV I G AT O R I I I I Scan Study Objectives Read Feature Story Read Preview Read text and answer Before You Go On p. 58 p. 63 p. 69 p. 72 p. 75 Work Using the Decision Toolkit Review Summary of Study Objectives Work Demonstration Problem Answer Self-Study Questions Complete Assignments I I I I After studying this chapter, you should be able to: 1 meaning N Explain the principlesof generally
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security of the premises. The technological resources include the equipment, the design and also the drawings. Physical resource In order for a good organisation to successful it will need to carry out its activities such as the building, facilities, plant and machinery. The management of the resources involves the planning for the business and get the refurbishment and it should include insurance security to keep the equipment safe. The building and facilities: any business would need to have
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