Question #1: Chapter 1 (Ten Points) Distinguish between a firm's capital budgeting decisions and its financing decisions by giving examples of each. Capital budgeting decisions are investment decisions and financing decisions focus on raising the money that the firm needs for investments and operations. A company needs to decide which real assets to invest in (capital budgeting) and ways to raise funds to pay for those investments (financing decisions). An example of capital budgeting would
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be posted into the general ledger which usually occurs monthly and subsidiary ledgers which are usually done daily. Once this is done a trial balance is prepared. After the trial balance is done, adjustments are made for such things as accruals, prepayments as well as any estimated items. Once these adjustments have been made, an adjusted trial balance is prepared. When the adjusted trial
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Analysis Course Project Part 1 By: Hope Cole, Theresa Black, Andrea Ross, Samuel Han, Kathryn Ottesen, Amanda Allen | | | | | | | | | | | | Trend Analysis of Pinnacle Manufacturing Account Balance | % Change 2010 - 2011 | % Change 2009 – 2010 | Net Sales | 1.45% change | 2.70% change | Gross Profit | (2.07)% change | (.86)% change | Income from Operations | 1.87% change | (23.10)% change | Net Income | 16.50% change
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COVER SHEET for SUBMISSION of INDIVIDUAL/ GROUP ASSIGNMENTS Course Code | Course Name | Dept. Date Stamp | ACCT2159 | Corporate Accounting | | Assignment Title | Assignment No: | Date Due | | Corporate Accounting Assignment 2012 semester 3 | 1 | Friday, 7th December 2012 | | Academic’s Name: | | | Ms. Sue | | (For Office use only) | STUDENT(S) Family name | Given Names | Student Number | 1) Vu Ly Bao | Ngoc | s3357828 | 2) Bui Mai | Phuong | s3372823 | 3) Nguyen
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Patton-Fuller Ratio Computation July 8, 2013 HCS/405 Regina Robinson The Eight Basic Ratios 1. Current Ratio (Unaudited) 2009 Current Assets $128,867 ÷ Current Liabilities $23,807= 5.4129877 or 5.413 (5 to 1) 2008 Current Assets $130,026 ÷ Current Liabilities $8,380 = 15.516229 or 15.516 (15 to 1) Current Ratio (Audited) 2009 $128,867 ÷ $23,807= 5.3709833 or 5.371(5 to 1) 2008 $130,026 ÷ $8,380= 15.516229
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Carnival Cruise Line Case Study Abstract This case study reviews the financial position of Carnival Cruise Line. The data reviewed is primarily from the previous five years of annual reports produced by the company (2007-2011) and certain key ratios derived from those reports. For comparison purposes, this case study will use Carnival Cruise Lines nearest rival, Royal Caribbean Cruise Line. This case study will prove the financial strength and stability of this company and give the reader
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LESSON 1 INTRODUCTION TO ACCOUNTING Contents 1.0 Aims and Objectives 1.1 Introduction 1.2 Book- Keeping 1.2.1 Meaning 1.2.2 Definition 1.2.3 Objectives 1.3 Accounting 1.3.1 Meaning 1.3.2 Definition 1.3.3 Objectives 1.3.4 Importance 1.3.5 Functions 1.3.6 Advantages 1.3.7 Limitations 1.4 Methods of Accounting 1.4.1 Single Entry 1.4.2 Double Entry 1.4.3 Steps involved in double entry system 1.4.4 Advantages of double entry system 1.5 Meaning of Debit and Credit 1.6 Types of Accounts and its rules 1
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This document provides financial analysis of Competition Bikes Inc. Horizontal Analysis: Horizontal analysis is a financial statement analysis technique that shows changes in the amounts of corresponding financial statement items over a period of time. It is a useful tool to evaluate the trend situations. (Financial Analysis of Financial Statements) The statements for two or more periods are used in horizontal analysis. The earliest period is usually used as the base period and the items on the
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RE: | Interest costs on new warehouse construction ------------------------------------------------- Memo Overview It is permissible to capitalize interest into the cost of this warehouse. GAAP requires that only actual interest costs incurred during construction are to be capitalized. To qualify for interest capitalization, an asset must require a period of time to ready the asset for its intended use. Section 835-20-05 of the Accounting Standards Codification explains that capitalized interest
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income for the year | 1,209,725 | 14.16% | 1,038,411 | -65.41% | 1,717,651 | Earnings per share | $1.21 | 14.16% | $1.04 | -65.41% | $1.72 | | | | | | | | | | | | | Pinnacle Manufacturing Company | | | | | | Balance Sheet | | | | | | As of December 31 | | | | | | | | | | | | Assets | 2011 | | 2010 | | 2009 | Current assets | | % Change 2010-2011 | | % Change 2009-2010 | | Cash and cash equivalents | $7,721,279
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