ACC 205 OUTLET EDUCATION EXPERT / acc205outlet.com

8/17/2019 ACC 205 OUTLET EDUCATION EXPERT / acc205outlet.com

1/125

ACC 205 Entire Course (Ash)

FOR MORE CLASSES VISIT

www.acc205outlet.com

ACC 205 Week 1 DQ 1 Accounting Equation

ACC 205 Week 1 DQ 2 Accounts

ACC 205 Week 1 Journal Balance Sheet Journal

ACC 205 Week 2 DQ 1 Accounting Cycle

ACC 205 Week 2 DQ 2 Bank Reconciliation

ACC 205 Week 2 Journal nco!e State!ent Journal

ACC 205 Week " DQ 1 #$% &s' $$%

ACC 205 Week " DQ 2 De(reciation

ACC 205 Week " Journal n&entory Journal

ACC 205 Week ) DQ 1 Current #ia*ility

ACC 205 Week ) DQ 2 Client Reco!!en+ations

ACC 205 Week ) Journal $uture %*ligations Journal

ACC 205 Week 5 Journal ,ost !(ortant Ratio

Journal


Journal

http://www.acc205outlet.com/http://www.acc205outlet.com/


2/125

ACC 205 Week 5 E-ercise Assign!ent $inancial

Ratios

ACC 205 Week ) E-ercise Assign!ent #ia*ility

ACC 205 Week 1 E-ercise Assign!ent Basic

Accounting Equations

ACC 205 Week " E-ercise Assign!ent n&entory

ACC 205 Week 2 E-ercise Assign!ent Re&enue an+

E-(enses

***********************************************************************************

ACC 205 Entire Course(New)



ACC 205 Week 1 DQ 1 Accounting Equation

ACC 205 Week 1 DQ 2 Accounts

ACC 205 Week 1 Journal Balance Sheet Journal

ACC 205 Week 2 DQ 1 Accounting Cycle



3/125

ACC 205 Week 2 DQ 2 Bank Reconciliation

ACC 205 Week 2 Journal nco!e State!ent Journal

ACC 205 Week " DQ 1 #$% &s' $$%

ACC 205 Week " DQ 2 De(reciation

ACC 205 Week " Journal n&entory Journal

ACC 205 Week ) DQ 1 Current #ia*ility

ACC 205 Week ) DQ 2 Client Reco!!en+ations

ACC 205 Week ) Journal $uture %*ligations Journal


Journal


Journal

ACC 205 Week 5 E-ercise Assign!ent $inancial

Ratios


4/125

ACC 205 Week ) E-ercise Assign!ent #ia*ility

ACC 205 Week 1 E-ercise Assign!ent Basic

Accounting Equations

ACC 205 Week " E-ercise Assign!ent n&entory

ACC 205 Week 2 E-ercise Assign!ent Re&enue an+

E-(enses

**********************************************************************************

ACC 205 Final Paper (New)



$inal .a(er

$ocus o/ the $inal .a(er

Write a &e to se&en (age nancial state!ent

analysis o/ a (u*lic co!(any an+ /or!atte+

accor+ing to A.A style as outline+ in the Ash/or+



5/125

Writing Center' n this analysis you ill +iscuss the

nancial health o/ this co!(any ith the ulti!ate

goal o/ !aking a reco!!en+ation to other in&estors'

3our (a(er shoul+ consist o/ the /olloing sections4intro+uction co!(any o&er&ie horiontal analysis

ratio analysis nal reco!!en+ation an+

conclusions'

6ere is a *reak+on o/ the sections ithin the *o+y

o/ the assign!ent4

Co!(any %&er&ie

.ro&i+e a *rie/ o&er&ie o/ your co!(any 7one to

to (aragra(hs at !ost8' What in+ustry is it in9

What are its !ain (ro+ucts or ser&ices9 Who are its

co!(etitors9

6oriontal Analysis o/ nco!e State!ent an+

Balance Sheet

.re(are a three:year horiontal analysis o/ the

inco!e state!ent an+ *alance sheet o/ yourselecte+ co!(any' Discuss the i!(ortance an+

!eaning o/ horiontal analysis' Discuss *oth the

(ositi&e an+ negati&e tren+s (resente+ in your

co!(any'

Ratio Analysis


6/125

Calculate the current ratio quick ratio cash to

current lia*ilities ratio o&er a to year (erio+'

Discuss an+ inter(ret the ratios that you calculate+'

Discuss (otential liqui+ity issues *ase+ on yourcalculations o/ the current an+ quick ratios' Are

there any /actors that coul+ *e erroneously

in;uencing the results o/ the ratios9 Discuss

liqui+ity issues o/ co!(etiti&e co!(anies ithin the

sa!e in+ustry'

Reco!!en+ation

Base+ on your analysis oul+ you reco!!en+ an

in+i&i+ual in&est in this co!(any9 What strengths

+o you see9 What risks +o you see9 t is (er/ectly

acce(ta*le to state that you oul+ reco!!en+

a&oi+ing this co!(any as long as you (ro&i+e

su((ort /or your (osition'

Writing the $inal .a(er

1' ,ust *e &e to se&en +ou*le:s(ace+ (ages in

length an+ /or!atte+ accor+ing to A.A style as

outline+ in the Ash/or+ Writing Center'

2' ,ust inclu+e a title (age ith the /olloing4

a'


7/125

+' nstructor=s na!e

e' Date su*!itte+

"' ,ust *egin ith an intro+uctory (aragra(h thathas a succinct thesis state!ent'

)' ,ust a++ress the to(ic o/ the (a(er ith critical

thought'

5' ,ust en+ ith a conclusion that rea>r!s your

thesis'

?' ,ust +ocu!ent all sources in A.A style as

outline+ in the Ash/or+ Writing Center'

@' ,ust inclu+e a se(arate re/erence (age

/or!atte+ accor+ing to A.A style as outline+ in the

Ash/or+ Writing Center'

Care/ully re&ie the ra+ing Ru*ric /or the criteria

that ill *e use+ to e&aluate your assign!ent'

**********************************************************************************

ACC 205 Week 1 DQ 1 Aountin! E"uation (Ash)





8/125

Accounting Equation

As you ha&e learne+ in this eek=s rea+ings the Accounting Equation is %ners= Equity' s the

accounting equation true in all instances9 .ro&i+e

sa!(le transactions /ro! your on e-(eriences to

+e!onstrate the &ali+ity o/ the Accounting Equation'

ui+e+ Res(onse4

Re&ie se&eral o/ your (eers= (ostings an+ i+enti/y

so!e core co!(onents that you /eel shoul+ *e

inclu+e+ in e&ery transaction' Res(on+ to at least

to o/ your (eers an+ (ro&i+e reco!!en+ations to

e-ten+ their thinking' Challenge your (eers *y

asking a question that !ay cause the! to

ree&aluate or a++ co!(onents to their transactions'

**********************************************************************************

ACC 205 Week 1 DQ 1 Aountin! E"uation (New)



Accounting Equation



9/125

As you ha&e learne+ in this eek=s rea+ings the

Accounting Equation is %ners= Equity' s the

accounting equation true in all instances9 .ro&i+e

sa!(le transactions /ro! your on e-(eriences to+e!onstrate the &ali+ity o/ the Accounting Equation'

ui+e+ Res(onse4


so!e core co!(onents that you /eel shoul+ *e

inclu+e+ in e&ery transaction' Res(on+ to at least

to o/ your (eers an+ (ro&i+e reco!!en+ations to

e-ten+ their thinking' Challenge your (eers *y

asking a question that !ay cause the! to

ree&aluate or a++ co!(onents to their transactions'

**********************************************************************************

ACC 205 Week 1 DQ 2 Aounts (Ash)



Accounts

What +oes the ter! account !ean9 What are the

+ierent classications o/ accounts9 6o +o the



10/125

rules /or De*its an+ Cre+its i!(act accounts9 .lease

(ro&i+e an e-a!(le o/ ho +e*its an+ cre+its i!(act

accounts'

ui+e+ Res(onse4

Analye se&eral o/ your (eers= (ostings' #et at least

to o/ your (eers kno i/ this knole+ge coul+ *e

use+ in their e&ery+ay li&es' s so ho9 / not hy

not9

**********************************************************************************

ACC 205 Week 1 DQ 2 Aounts (New)



Accounts

What +oes the ter! account !ean9 What are the

+ierent classications o/ accounts9 6o +o the

rules /or De*its an+ Cre+its i!(act accounts9 .lease

(ro&i+e an e-a!(le o/ ho +e*its an+ cre+its i!(act

accounts'



11/125

ui+e+ Res(onse4


to o/ your (eers kno i/ this knole+ge coul+ *e

use+ in their e&ery+ay li&es' s so ho9 / not hy

not9

**********************************************************************************

ACC 205 Week 1 E#erise Assi!n$ent %asi Aountin! E"uations (Ash)



18 Basic conce(ts' JeanFs ,arine Su((ly s(ecialies

in the sale o/ *oating equi(!ent an+ accessories'

+enti/y the ite!s that /ollo as an asset 7A8 lia*ility

7#8 re&enue 7R8 or e-(ense 7E8 /ro! the r!Fs

&ie(oint'


12/125

A loan oe+ to Citiens Bank' 7#8

Ge co!(uter equi(!ent (urchase+ to han+le +aily

recor+ kee(ing' 7A8

Daily sales !a+e to custo!ers' 7R8

A!ounts +ue /ro! custo!ers' 7R8

#an+ one+ *y the co!(any to *e use+ as a /uture

store site' 7A8

Weekly salaries (ai+ to sales(eo(le' 7E8

28 Basic co!(utations'


13/125

Cash @)00

Ltilities E-(ense )100

$ee Re&enue 5?K00

Wage E-(ense "@500

a' Deter!ine Rossi=s total assets as o/ Dece!*er "1'

*' Deter!ine the co!(any=s total lia*ilities as o/Dece!*er "1'

c' Co!(ute 20H" net inco!e or loss'

"' Balance sheet (re(aration'


14/125

.re(are a *alance sheet as o/ Dece!*er "1 1KHH'

7See E-hi*it 1'1 an+ 1')8

)' Basic transaction (rocessing' %n Go&e!*er 1 o/

the current year Richar+ .arker esta*lishe+ a sole

(ro(rietorshi(' ce

/urniture in ite! "'

4 Recei&e+ a I150 electric *ill to *e (ai+ ne-t

!onth'

K4 .arker ith+re I?00 /ro! the *usiness'

104 Recei&e+ I250 in cash /ro! clients /or consulting

ser&ices ren+ere+'

nstructions

a' Arrange the /olloing asset lia*ility an+ oner=s

equity ele!ents o/ the accounting equation4 Cash


15/125

Accounts Recei&a*le %>ce $urniture Man Accounts

.aya*le n&est!entsNWith+raals an+

Re&enuesNE-(enses' 7See E-hi*it 58

*' Recor+ each transaction on a se(arate line' A/ter

all transactions ha&e *een recor+e+ co!(ute the

*alance in each o/ the (rece+ing ite!s'

c' Anser the /olloing questions /or .arker'

718 6o !uch +oes the co!(any oe to its cre+itors

at !onth:en+9 %n hich nancial state!ent7s8

oul+ this in/or!ation *e /oun+9

728 Di+ the co!(any ha&e a goo+ !onth /ro! an

accounting &ie(oint9 Brie;y e-(lain'

5'


16/125

"N14 Acquire+ IK000 o/ equi(!ent /ro! .ark

Central %uttters *y (aying

I@000 +on an+ agreeing to re!it the *alance

oe+ ithin the ne-t

2 eeks 7Accounts .aya*le8'

"N224 Recei&e+ I"00 cash /ro! clients /or ser&ices'

"N2)4 .ai+ I1500 on account to .ark Central

%uttters in (artial settle!ent

o/ the *alance +ue /ro! the transaction on ,arch

1'

"N24 Rente+ a car /ro! Lnite+ Car Rental /or use on

,arch 2'


17/125

Assets O

#ia*ilites

%nerFs Equity

Cash Accounts Recei&a*le #an+ Equi(!ent

Accounts .aya*le

78 n&est!ents 78 Re&enues 7:8 With+raals 7:8

E-(enses

a' Recor+ each transaction on a se(arate line'

Calculate *alances only a/ter the last transaction has

*een recor+e+'

*' .re(are an inco!e state!ent a state!ent o/

oner=s equity an+ a *alance sheet 7See E-hi*it

1'1 1'" an+ 1')8

?' Recognition o/ nor!al *alances


18/125

c' .ro!otional costs to (u*licie a concert'

+' Daily recei(ts /or !erchan+ise sol+

e' A!ounts +ue /ro! custo!ers

/' #an+ hel+ as an in&est!ent

g' A ne /a- !achine (urchase+ /or o>ce use'

h' A!ounts to *e (ai+ in 10 +ays to su((liers

i' A!ounts (ai+ to a !all /or rent'

@'Basic ournal entries


19/125

Collecte+ I00 /ro! Jason Ratch/or+ /or ser&ices

(ro&i+e+ on A(ril 5'

2)

Borroe+ I@500 /ro! BestBanc *y securing a si-:

!onth loan'

.re(are ournal entries 7an+ e-(lanations8 to recor+

the (rece+ing transactions an+ e&ents'

'


20/125

#oan .aya*le

2?000

Bo* Brighton %ners Equity

"0000

Salaries E-(ense

11100

Cash

22500

Ltilities E-(ense

@00

$ees Earne+ 1K00

a' Deter!ine the cost o/ the co!(any=s lan+ *y

(re(aring a trial *alance' 7Re!e!*er the trial

*alance +e*its !ust equal the cre+its see E-hi*it

2'K8

*' Deter!ine the r!=s net inco!e /or the (erio+

en+ing ,arch "1'

K' Entry an+ trial *alance (re(aration' #ee A+kins is

a (ortrait artist'


21/125

Account nu!*er Account na!e

De*it Cre+it

110

Cash

I 2@00

120

Accounts Recei&a*le

12100

1"0

Equi(!ent an+ Su((lies

200

1)0

Stu+io

)5000

210

Accounts .aya*le

I2?00

"10


22/125

#ee A+kins %ners Equity

5@)00

"20

#ee A+kins Draing

"0000

)10

Re&enue

"K000

510

A+&ertising E-(ense2"00

520

Salaries E-(ense

2100

5)0

Ltilities E-(ense

2000


23/125

IKK000

IKK000


24/125

*' %(en running *alance le+ger


25/125

@00


26/125

Week %ne Assign!ent

18 Basic conce(ts' JeanFs ,arine Su((ly s(ecialies

in the sale o/ *oating equi(!ent an+ accessories'

+enti/y the ite!s that /ollo as an asset 7A8 lia*ility

7#8 re&enue 7R8 or e-(ense 7E8 /ro! the r!Fs

&ie(oint'


27/125

Weekly salaries (ai+ to sales(eo(le' 7E8

28 Basic co!(utations'


28/125

c' Co!(ute 20H" net inco!e or loss'

"' Balance sheet (re(aration'


29/125

?4 Recei&e+ I00 /ro! clients ho ere (re&iously

*ille+ in ite! )'

@4 .ai+ I500 on account to the su((lier o/ o>ce

/urniture in ite! "'

4 Recei&e+ a I150 electric *ill to *e (ai+ ne-t

!onth'

K4 .arker ith+re I?00 /ro! the *usiness'

104 Recei&e+ I250 in cash /ro! clients /or consulting

ser&ices ren+ere+'

nstructions

a' Arrange the /olloing asset lia*ility an+ oner=s

equity ele!ents o/ the accounting equation4 Cash

Accounts Recei&a*le %>ce $urniture Man Accounts

.aya*le n&est!entsNWith+raals an+Re&enuesNE-(enses' 7See E-hi*it 58

*' Recor+ each transaction on a se(arate line' A/ter

all transactions ha&e *een recor+e+ co!(ute the

*alance in each o/ the (rece+ing ite!s'

c' Anser the /olloing questions /or .arker'

718 6o !uch +oes the co!(any oe to its cre+itors

at !onth:en+9 %n hich nancial state!ent7s8

oul+ this in/or!ation *e /oun+9

728 Di+ the co!(any ha&e a goo+ !onth /ro! an

accounting &ie(oint9 Brie;y e-(lain'

5'


30/125

Enter(rises /or ,arch 20H1 the co!(any=s rst

!onth o/ acti&ity'

"N14 Joanne Burton the oner in&este+ I20000 into

the *usiness'

"N)4 .er/or!e+ I2)00 o/ ser&ices on account'

"N@4 Acquire+ a s!all (arcel o/ lan+ *y (aying

I?000 cash'

"N124 Recei&e+ I@00 /ro! a client ho as *ille+ (re&iously on ,arch )'

"N154 .ai+ I00 to the Journal 6eral+ /or a+&ertising

e-(ense'

"N14 Acquire+ IK000 o/ equi(!ent /ro! .ark

Central %uttters *y (aying

I@000 +on an+ agreeing to re!it the *alance

oe+ ithin the ne-t

2 eeks 7Accounts .aya*le8'

"N224 Recei&e+ I"00 cash /ro! clients /or ser&ices'

"N2)4 .ai+ I1500 on account to .ark Central

%uttters in (artial settle!ent

o/ the *alance +ue /ro! the transaction on ,arch

1'

"N24 Rente+ a car /ro! Lnite+ Car Rental /or use on

,arch 2'


31/125

"N"14 .ai+ IK00 /or ,arch ages'

"N"14 .rocesse+ a I?00 cash ith+raal /ro! the

*usiness /or Joanne Burton'

nstructions

a' Deter!ine the i!(act o/ each o/ the (rece+ing

transactions on Burton=s assets lia*ilities an+

oner=s equity' See e-hi*it 1'5' Lse the /olloing

/or!at4

Assets O

#ia*ilites

%nerFs Equity

Cash Accounts Recei&a*le #an+ Equi(!ent

Accounts .aya*le

78 n&est!ents 78 Re&enues 7:8 With+raals 7:8

E-(enses

a' Recor+ each transaction on a se(arate line'

Calculate *alances only a/ter the last transaction has

*een recor+e+'

*' .re(are an inco!e state!ent a state!ent o/

oner=s equity an+ a *alance sheet 7See E-hi*it

1'1 1'" an+ 1')8


32/125

?' Recognition o/ nor!al *alances


33/125

Jenni/er Royall in&este+ cash o/ I15000 an+ lan+

&alue+ at I10000 /ro! into the *usiness'

5

.ro&i+e+ I1200 o/ ser&ices to Jason Ratch/or+ a

client on account'

K

.ai+ I250 o/ salaries to an e!(loyee'

1)

Acquire+ a ne co!(uter /or I"200 on account'

20

Collecte+ I00 /ro! Jason Ratch/or+ /or ser&ices

(ro&i+e+ on A(ril 5'

2)

Borroe+ I@500 /ro! BestBanc *y securing a si-:

!onth loan'

.re(are ournal entries 7an+ e-(lanations8 to recor+

the (rece+ing transactions an+ e&ents'

'


34/125

I 12000

nterest E-(ense

I "00

Accounts Recei&a*le

00

#an+

9

A+&ertising E-(ense

5@00

#oan .aya*le

2?000

Bo* Brighton %ners Equity

"0000

Salaries E-(ense

11100

Cash

22500

Ltilities E-(ense

@00

$ees Earne+ 1K00


35/125

a' Deter!ine the cost o/ the co!(any=s lan+ *y

(re(aring a trial *alance' 7Re!e!*er the trial

*alance +e*its !ust equal the cre+its see E-hi*it

2'K8

*' Deter!ine the r!=s net inco!e /or the (erio+

en+ing ,arch "1'

K' Entry an+ trial *alance (re(aration' #ee A+kins is

a (ortrait artist'


36/125

1)0

Stu+io

)5000

210

Accounts .aya*le

I2?00

"10

#ee A+kins %ners Equity

5@)00

"20

#ee A+kins Draing

"0000

)10

Re&enue

"K000

510

A+&ertising E-(ense


37/125

2"00

520

Salaries E-(ense

2100

5)0

Ltilities E-(ense

2000

IKK000

IKK000


38/125

Recei&e+ a I500 *ill /ro! the accountant /or

(re(aring last quarter=s nancial state!ents'

?N154

.ai+ I2100 to cre+itors on account'

?N2@4

A+kins ith+re I1000 cash /or (ersonal use'

?N"04

Bille+ a custo!er I"000 /or a (ortrait (ainte+ this!onth'

a' Recor+ the necessary ournal entries /or June on

(age 2 o/ the co!(any=s general ournal' 7See

E-hi*it 2'?8

*' %(en running *alance le+ger


39/125

an+ agree+ to re!it the re!aining *alance +ue o/

I20000 7an account (aya*le8 *y $e*ruary 15'

During January the co!(any ha+ a++itional

cash outlays /or the /olloing ite!s4

.urchases o/ store equi(!ent

I)?00

#oan (ay!ent

500

Salaries e-(ense

2"00

A+&ertising e-(ense

@00


40/125

*' Co!(ute the total +e*its total cre+its an+

en+ing *alance that oul+ *e /oun+ in the

co!(anyFs Cash account' 7.ost to


41/125


that ill *e use+ to e&aluate your ournal entry'

**********************************************************************************

ACC 205 Week 1 &ournal %alane 'heet &ournal (New)



Balance Sheet Journal


42/125

**********************************************************************************

ACC 205 Week 2 DQ 1 Aountin! Cle (Ash)



ACC 205 Week 2 DQ 1

Accounting Cycle

$inancial state!ents are a (ro+uct o/ the accounting

cycle'


43/125

**********************************************************************************

ACC 205 Week 2 DQ 1 Aountin! Cle (New)



ACC 205 Week 2 DQ 1

Accounting Cycle

$inancial state!ents are a (ro+uct o/ the accountingcycle'


44/125

that !ay cause the! to ree&aluate their (osition on

the accounting cycle'

**********************************************************************************

ACC 205 Week 2 DQ 2 %ank eoniliation (Ash)



Bank Reconciliation

What is the (ur(ose o/ a *ank reconciliation9 Whatare the reasons there are +ierences *eteen the

cash re(orte+ in the accounting recor+s an+ the

cash *alance in the *ank state!ents9


to o/ your (eers kno hat ha((ens to the+iscre(ancies *eteen the *ook *alance an+ the

*ank *alance' Coul+ these +ierences ust *e

ritten o'

ui+e+ Res(onse4



45/125

A *ank reconciliation reconciles the *ank account

*alance (er the *ooks to the actual *ank *alance'

%utstan+ing checks +e(osits in transit an+ *ank

errors are reasons there are +ierences *eteen thecash re(orte+ in the accounting recor+s an+ the

cash *alance in the *ank state!ents'

**********************************************************************************

ACC 205 Week 2 DQ 2 %ank eoniliation (New)



Bank Reconciliation

What is the (ur(ose o/ a *ank reconciliation9 What

are the reasons there are +ierences *eteen the


cash *alance in the *ank state!ents9


to o/ your (eers kno hat ha((ens to the

+iscre(ancies *eteen the *ook *alance an+ the



46/125

*ank *alance' Coul+ these +ierences ust *e

ritten o'

ui+e+ Res(onse4

A *ank reconciliation reconciles the *ank account

*alance (er the *ooks to the actual *ank *alance'

%utstan+ing checks +e(osits in transit an+ *ank

errors are reasons there are +ierences *eteen the


cash *alance in the *ank state!ents'

**********************************************************************************

ACC 205 Week 2 E#erise Assi!n$ent eenue an+ E#penses (Ash)



1' Recognition o/ conce(ts' Ron Carroll o(erates as!all co!(any that *ooks entertainers /or theaters

(arties con&entions an+ so /orth'


47/125

a' A!ounts (ai+ on June "0 /or a 1:year insurance

(olicy

*' .ro/essional /ees earne+ *ut not *ille+ as o/ June

"0

c' Re(airs to the r!=s co(y !achine incurre+ an+

(ai+ in June

+' An a+&ance (ay!ent /ro! a client /or a

(er/or!ance ne-t !onth at a con&ention

e'


48/125

2' Analysis o/ (re(ai+ account *alance'


49/125

nterest .aya*le

Accu!ulate+ De(reciation4 Equi(!ent

Ale- eny Draing

Accounts .aya*le

Ser&ice Re&enue

Cash

Accounts Recei&a*le

Su((lies E-(ense

nterest E-(ense

Which o/ the (rece+ing accounts

a' a((ear on a (ost:closing trial *alance9


50/125

*' are co!!only knon as te!(orary or no!inal

accounts9

c' generate a +e*it to nco!e Su!!ary in the

closing (rocess9

+' are close+ to the ca(ital account in the closing

(rocess9

)' A+usting entries an+ nancial state!ents'


51/125

(ay!ent as /or ? !onths= rent o/ $i-ation=s

hea+quarters *eginning on Go&e!*er 1'

$i-ation=s accounting year en+s on Dece!*er "1'

nstructions

Analye the &e (rece+ing cases in+i&i+ually an++eter!ine the /olloing4

a'


52/125

o/ Dece!*er "1 20H" the close o/ the current

re(orting (erio+' n the course o/ your e-a!ination

you +isco&er the /olloing4

%n January 1 20H" the Su((lies account ha+ a

*alance o/ I2"50' During the year I5520 orth o/

su((lies as (urchase+ an+ a *alance o/ I1?20

re!aine+ unuse+ on Dece!*er "1'

Lnrecor+e+ interest oe+ to the centertotale+ I2@5

as o/ Dece!*er "1'

All clients (ay tuition in a+&ance an+ their (ay!ents

are cre+ite+ to the Lnearne+


53/125

Date .ai+

.olicy Go'

#ength o/ .olicy

A!ount

$e*' 1 20H2

10"",C,1K

1 year

I5)0

Jan' 1 20H"

@K52@K6.

1 year

K12

Aug' 1 20H"

HQK)"?@5S


54/125


55/125

100

Gote collecte+ *y *ank

1000

GS$ check returne+ *y the *ank ith the *ank

state!ent

?50

%utstan+ing checks

"00

nstructions4

a' .re(are .al!etto=s January *ank reconciliation'

*' .re(are any necessary ournal entries /or

.al!etto'

@' Direct rite:o !etho+' 6arris*urg Co!(any

hich *egan *usiness in early 20H@ re(orte+

I)0000 o/ accounts recei&a*le on the Dece!*er "1

20H@ *alance sheet' nclu+e+ in this a!ount as


56/125

I550 /or a sale !a+e to


57/125

718 Lncollecti*le accounts are esti!ate+ to *e 5 o/

Cre+it Sales'

728 Lncollecti*le accounts are esti!ate+ to *e 1)

o/ Accounts Recei&a*le'

*' 6o oul+ ,a&erick=s Accounts Recei&a*le

a((ear on the Dece!*er "1 *alance sheet un+er

assu!(tion 718 o/ (art 7a89

c' 6o oul+ ,a&erick=s Accounts Recei&a*le

a((ear on the Dece!*er "1 *alance sheet un+er

assu!(tion 728 o/ (art 7a89

K' Direct rite:o an+ alloance !etho+s4 !atching

a((roach'


58/125

Alloance /or Lncollecti*le Accounts

I "000

Sales

55000

nstructions

a' Deter!ine the a+usting entry /or *a+ +e*ts un+er

each o/ the /olloing con+itions4

718 An aging sche+ule in+icates that I12)20 o/

accounts recei&a*le ill *e uncollecti*le'

728 Lncollecti*le accounts are esti!ate+ at 2 o/ net

sales'

*' %n January 1K 20H"


59/125

c' Re(eat the require!ent in (art 7*8 using the

+irect rite:o !etho+'

+' n light o/ the 6ouse *ankru(tcy e-a!ine the

alloance an+ +irect rite:o !etho+s in ter!s o/

their a*ility to (ro(erly !atch re&enues an+

e-(enses'

10' Alloance !etho+4 analysis o/ recei&a*les' At a

January 20H2 !eeting the (resi+ent o/ Sonic Soun+

+irecte+ the sales sta to !o&e so!e (ro+uct this

year'


60/125

I2"K@000

I)2"000

Accounts Recei&a*le 12N"1

12)))000

105?000

Alloance /or Lncollecti*le Accounts 12N"1

9

2"000 cr'


61/125

Ln+er "1 +ays

I5"21000

KK

"12?0 +ays

"K0000

K0

?12K0 +ays

10?@000

0

%&er K0 +ays

21??000

?0

Assu!e that no accounts ere ritten o +uring

20H2'

nstructions


62/125

a' Esti!ate the a!ount o/ Lncollecti*le Accounts as

o/ Dece!*er "1 20H2'

*' What is the co!(any=s Lncollecti*le Accounts

e-(ense /or 20H29

c' Co!(ute the net realia*le &alue o/ Accounts

Recei&a*le at the en+ o/ 20H1 an+ 20H2'

+' Co!(ute the net realia*le &alue at the en+ o/

20H1 an+ 20H2 as a (ercentage o/ res(ecti&e year:

en+ recei&a*les *alances' Analye your n+ings an+

co!!ent on the (resi+ent=s +ecision to close the

cre+it e&aluation +e(art!ent'

**********************************************************************************

ACC 205 Week 2 E#erise Assi!n$ent eenue an+ E#penses (New)





63/125

1' Recognition o/ conce(ts' Ron Carroll o(erates a

s!all co!(any that *ooks entertainers /or theaters

(arties con&entions an+ so /orth'


64/125

g'


65/125



**********************************************************************************

ACC 205 Week 2 &ournal ,no$e 'tate$ent &ournal (New)



nco!e State!ent Journal


66/125



**********************************************************************************

ACC 205 Week - DQ 1 .,F/ s F,F/ (Ash)



#$% &s' $$%


67/125

ACC 205 Week - DQ 1 .,F/ s F,F/ (New)



#$% &s' $$%


68/125



De(reciation


69/125

De(reciation


70/125

1' S(ecic i+entication !etho+' Boston alleries

uses the s(ecic i+entication !etho+ /or in&entory

&aluation' n&entory in/or!ation /or se&eral oil

(aintings /ollos'

.ainting

Cost

1N2 Beginning in&entory

Woo+s

I11000

)N1K .urchase

Sunset

2100

?N@ .urchase

Earth

"1200

12N1? .urchase

,oon

)000


71/125

Woo+s an+ ,oon ere sol+ +uring the year /or a

total o/ I"5000' Deter!ine the r!=s

a' cost o/ goo+s sol+'

*' gross (rot'

c' en+ing in&entory'

2' n&entory &aluation !etho+s4 *asic co!(utations'


72/125


73/125

"' .er(etual in&entory syste!4 ournal entries' At the

*eginning o/ 20H" Beehler Co!(any i!(le!ente+ a

co!(uterie+ (er(etual in&entory syste!'


74/125

Sol+ 50 *oar+s T I250

)N"4

.urchase 200 *oar+s T I1"5

5N1@4

Sol+ @5 *oar+s T I250

?N"4

.urchase 100 *oar+s T I1)5

1N"4

.urchase 100 *oar+s T I155

"N1@4

Sol+ "00 *oar+s T I250

1N"4


Wa&e Ri+ers uses a (er(etual in&entory syste!'

nstructions

a' Calculate cost o/ goo+s sol+ en+ing in&entory

an+ gross (rot un+er each o/ the /olloing

in&entory &aluation !etho+s4

$irst:in rst:out

#ast:in rst:out

Weighte+ a&erage


75/125

*' Which o/ the three !etho+s oul+ *e chosen i/

!anage!ent=s goal is to

718 (ro+uce an u(:to:+ate in&entory &aluation on the

*alance sheet9

728 a((ro-i!ate the (hysical ;o o/ a san+ an+

gra&el +ealer9

5' De(reciation !etho+s' Betsy Ross Enter(rises (urchase+ a +eli&ery &an /or I"0000 in January

20H@'


76/125

*' De(reciation e-(ense /or 20H) assu!ing use o/

the units:o/:out(ut +e(reciation !etho+' Actual

ashing cycles in 20H) totale+ 500'

c' Accu!ulate+ +e(reciation on Dece!*er "1 20H5

assu!ing use o/ the +ou*le:+eclining:*alance

+e(reciation !etho+'

@' De(reciation co!(utations4 change in esti!ate'

Aussie !(orts (urchase+ a s(ecialie+ (iece o/

!achinery /or I50000 on January 1 20H"' At theti!e o/ acquisition the !achine as esti!ate+ to

ha&e a ser&ice li/e o/ 5 years 725000 o(erating

hours8 an+ a resi+ual &alue o/ I5000' During the 5

years o/ o(erations 720H" : 20H@8 the !achine as

use+ /or 5100 )00 "200 ?000 an+ 5K00

hours res(ecti&ely'

nstructions

a' Co!(ute +e(reciation /or 20H" : 20H@ *y using

the /olloing !etho+s4 straight line units o/ out(ut

an+ +ou*le:+eclining:*alance'

*' %n January 1 20H5 !anage!ent shortene+ the

re!aining ser&ice li/e o/ the !achine to 20 !onths'

Assu!ing use o/ the straight:line !etho+ co!(ute

the co!(any=s +e(reciation e-(ense /or 20H5'

c' Brie;y +escri*e hat you oul+ ha&e +one

+ierently in (art 7a8 i/ Aussie !(orts ha+ (ai+

I)@00 /or the !achinery rather than I50000 n

a++ition assu!e that the co!(any incurre+ I00 o/

/reight charges I1)00 /or !achine setu( an+


77/125

testing an+ I"00 /or insurance +uring the rst year

o/ use'

**********************************************************************************

ACC 205 Week - E#erise Assi!n$ent ,nentor (New)



1' S(ecic i+entication !etho+' Boston alleriesuses the s(ecic i+entication !etho+ /or in&entory

&aluation' n&entory in/or!ation /or se&eral oil

(aintings /ollos'

.ainting

Cost

1N2 Beginning in&entory

Woo+s

I11000

)N1K .urchase

Sunset

2100



78/125

?N@ .urchase

Earth

"1200

12N1? .urchase

,oon

)000

Woo+s an+ ,oon ere sol+ +uring the year /or a

total o/ I"5000' Deter!ine the r!=s

a' cost o/ goo+s sol+'

*' gross (rot'

c' en+ing in&entory'

2' n&entory &aluation !etho+s4 *asic co!(utations'


79/125

2N2@ ?50 I51

Sales +uring the rst quarter ere'

Date Sol+

1N1K 500

2N2 ?00

2N1" 500

2N2 100


80/125

oo+s a&aila*le /or sale

I

I

I

En+ing in&entory ,arch "1

Cost o/ goo+s sol+

"' .er(etual in&entory syste!4 ournal entries' At the

*eginning o/ 20H" Beehler Co!(any i!(le!ente+ a

co!(uterie+ (er(etual in&entory syste!'


81/125

a' .re(are ournal entries /or the a*o&e (urchases

an+ sales'

*' Calculate the *alance in the r!=s n&entory

account'

)' n&entory &aluation !etho+s4 co!(utations an+

conce(ts' Wa&e Ri+ers Sur/*oar+ Co!(any *egan

*usiness on January 1 o/ the current year' Belo are

the transactions /or the year

4

1N"4


"N1@4

Sol+ 50 *oar+s T I250

)N"4

.urchase 200 *oar+s T I1"5

5N1@4

Sol+ @5 *oar+s T I250

?N"4


1N"4


"N1@4

Sol+ "00 *oar+s T I250


82/125

1N"4


Wa&e Ri+ers uses a (er(etual in&entory syste!'

nstructions

a' Calculate cost o/ goo+s sol+ en+ing in&entory

an+ gross (rot un+er each o/ the /olloing

in&entory &aluation !etho+s4

$irst:in rst:out

#ast:in rst:out

Weighte+ a&erage

*' Which o/ the three !etho+s oul+ *e chosen i/!anage!ent=s goal is to

718 (ro+uce an u(:to:+ate in&entory &aluation on the

*alance sheet9

728 a((ro-i!ate the (hysical ;o o/ a san+ an+

gra&el +ealer9

5' De(reciation !etho+s' Betsy Ross Enter(rises

(urchase+ a +eli&ery &an /or I"0000 in January

20H@'


83/125

annually' Co!(ute +e(reciation e-(ense /or 20H *y

using each o/ the /olloing !etho+s4

a' Lnits:o/:out(ut assu!ing 1@000 !iles ere

+ri&en +uring 20H

*' Straight:line

c' Dou*le:+eclining:*alance

?' De(reciation co!(utations' Al(ha Al(haAl(ha a

college /raternity (urchase+ a ne hea&y:+uty

ashing !achine on January 1 20H"'


84/125

years o/ o(erations 720H" : 20H@8 the !achine as

use+ /or 5100 )00 "200 ?000 an+ 5K00

hours res(ecti&ely'

nstructions

a' Co!(ute +e(reciation /or 20H" : 20H@ *y using

the /olloing !etho+s4 straight line units o/ out(ut

an+ +ou*le:+eclining:*alance'

*' %n January 1 20H5 !anage!ent shortene+ the

re!aining ser&ice li/e o/ the !achine to 20 !onths'

Assu!ing use o/ the straight:line !etho+ co!(ute

the co!(any=s +e(reciation e-(ense /or 20H5'

c' Brie;y +escri*e hat you oul+ ha&e +one

+ierently in (art 7a8 i/ Aussie !(orts ha+ (ai+

I)@00 /or the !achinery rather than I50000 n

a++ition assu!e that the co!(any incurre+ I00 o/

/reight charges I1)00 /or !achine setu( an+testing an+ I"00 /or insurance +uring the rst year

o/ use'

**********************************************************************************

ACC 205 Week - &ournal ,nentor &ournal (Ash)





85/125

n&entory Journal

Re;ect /or a !o!ent on the #$% 7#ast in $irst %ut8

an+ $$% 7$irst in $irst %ut8 in&entory !etho+s' / you

ere starting a s!all !anu/acturing co!(any hat

in&entory !etho+ +o you *elie&e oul+ (ro&i+e the

!ost accurate nancial state!ents9 Why +o you*elie&e this is the case9



**********************************************************************************

ACC 205 Week - &ournal ,nentor &ournal (New)



n&entory Journal



86/125

Re;ect /or a !o!ent on the #$% 7#ast in $irst %ut8an+ $$% 7$irst in $irst %ut8 in&entory !etho+s' / you

ere starting a s!all !anu/acturing co!(any hat

in&entory !etho+ +o you *elie&e oul+ (ro&i+e the

!ost accurate nancial state!ents9 Why +o you

*elie&e this is the case9



**********************************************************************************

ACC 205 Week DQ 1 Current .iailit (Ash)



Current #ia*ility

What is a current lia*ility9 $ro! a user o/ nancial

state!ents (ers(ecti&e hy +o you *elie&e current

lia*ilities are se(arate+ /ro! long:ter! lia*ilities9



87/125

Base+ on your current e-(erience an+ any a++itional

research you !ay ha&e +one (ro&i+e to e-a!(les

o/ situations here *usinesses collect !onies /ro!

custo!ers an+ e!(loyees an+ re(orts thesea!ounts as a current lia*ility'

ui+e+ Res(onse4


the core co!(onents o/ a current lia*ility' Res(on+

to at least to o/ your (eers an+ (ro&i+e

reco!!en+ations to e-ten+ their thinking'

Challenge your (eers *y asking a question that !ay

cause the! to ree&aluate i/ their e-a!(le is a

current lia*ility'

**********************************************************************************

ACC 205 Week DQ 1 Current .iailit (New)



Current #ia*ility

What is a current lia*ility9 $ro! a user o/ nancial

state!ents (ers(ecti&e hy +o you *elie&e current



88/125

lia*ilities are se(arate+ /ro! long:ter! lia*ilities9

Base+ on your current e-(erience an+ any a++itional

research you !ay ha&e +one (ro&i+e to e-a!(les

o/ situations here *usinesses collect !onies /ro!custo!ers an+ e!(loyees an+ re(orts these

a!ounts as a current lia*ility'

ui+e+ Res(onse4


the core co!(onents o/ a current lia*ility' Res(on+

to at least to o/ your (eers an+ (ro&i+e

reco!!en+ations to e-ten+ their thinking'

Challenge your (eers *y asking a question that !ay

cause the! to ree&aluate i/ their e-a!(le is a

current lia*ility'

**********************************************************************************

ACC 205 Week &ournal Future /li!ations &ournal (Ash)



$uture %*ligations Journal



89/125


90/125

any a++itional research you !ay ha&e +one +iscuss

the a+&antages an+ +isa+&antages o/ the /olloing4

sole (ro(rietorshi( (artnershi( an+ cor(oration'

Base+ on these a+&antages an+ +isa+&antages (ro&i+e a clear reco!!en+ation to your client'

#et at least to o/ your (eers (osts kno i/ an

alternati&e choice o/ entity oul+ *e (ossi*le' What

oul+ *e the *enets o/ this ne entity choice9

Woul+ there *e any +isa+&antages associate+ ith

this ne entity selection'

ui+e+ Res(onse4

#et at least to o/ your (eers (osts kno i/ an

alternati&e choice o/ entity oul+ *e (ossi*le9'

What oul+ *e the *enets o/ this ne entitychoice9 Woul+ there *e any +isa+&antages

associate+ ith this ne entity selection'

**********************************************************************************

ACC 205 Week E#erise Assi!n$ent .iailit (Ash)





91/125

Week $our E-ercise Assign!ent #ia*ility

1' .artner in&est!entsP ournal entries'


92/125


93/125

2N10

Esta*lishe+ a arranty lia*ility /or the H3:0 a ne

(ro+uct' Sales are e-(ecte+ to total 1000 units

+uring the !onth' .ast e-(erience ith si!ilar

(ro+ucts in+icates that 2 o/ the units ill require

re(air ith arranty costs a&eraging I2@ (er unit'

12N22

.urchase+ I1?000 o/ !erchan+ise on account /ro!

%regon Co!(any ter!s 2N10 nN"0'

12N2?

Borroe+ I5000 /ro! $irst City BankP signe+ a note

(aya*le +ue in ?0 +ays'

12N"1

Re(aire+ si- H3:0s +uring the !onth at a total cost

o/ I1?2'

12N"1

Accrue+ " +ays o/ salaries at a total cost o/ I1)00'

nstructions

a' .re(are ournal entries to recor+ the transactions'

*' .re(are a+usting entries on %cto*er "1 to recor+

accrue+ interest'

c' .re(are the Current #ia*ility section o/ Re+ Bank=s

*alance sheet as o/ %cto*er "1' Assu!e that the

Accounts .aya*le account totals I20"?00 on this

+ate'


94/125

)' ssuance o/ stock4 organiation costs' Sno*oun+

Cor(oration as incor(orate+ in July'


95/125

ssue+ a I)0000 note to 6arris ,otors /or the

(urchase o/ a I)0000 +eli&ery truck'


96/125

**********************************************************************************

ACC 205 Week E#erise Assi!n$ent .iailit (New)



Week $our E-ercise Assign!ent #ia*ility

1' .artner in&est!entsP ournal entries'


97/125

U Social Security ta-es4 ? on the rst I55000

earne+

U ,e+icare ta-es4 1'5 on the rst I1"0000 earne+

U $e+eral inco!e ta-es ithhel+ /ro! ages4 I@500

U State inco!e ta-es4 5 o/ gross earnings

U nsurance ithhol+ings4 1 o/ gross earnings

U State une!(loy!ent ta-es4 5') on the rst

I@000 earne+

U $e+eral une!(loy!ent ta-es4 0' on the rst

I@000 earne+


98/125

U ,atching ,e+icare ta-es

U State une!(loy!ent ta-es

U $e+eral une!(loy!ent ta-es

"' Current lia*ilities4 entries an+ +isclosure' A

re&ie o/ selecte+ nancial acti&ities o/ Misconti=s

+uring 20HH +isclose+ the /olloing4

12N1

Borroe+ I20000 /ro! the $irst City Bank *y

signing a ": !onth 15 note (aya*le' nterest an+

(rinci(al are +ue at !aturity'

2N10

Esta*lishe+ a arranty lia*ility /or the H3:0 a ne

(ro+uct' Sales are e-(ecte+ to total 1000 units

+uring the !onth' .ast e-(erience ith si!ilar

(ro+ucts in+icates that 2 o/ the units ill require

re(air ith arranty costs a&eraging I2@ (er unit'

12N22

.urchase+ I1?000 o/ !erchan+ise on account /ro!

%regon Co!(any ter!s 2N10 nN"0'

12N2?Borroe+ I5000 /ro! $irst City BankP signe+ a note

(aya*le +ue in ?0 +ays'

12N"1

Re(aire+ si- H3:0s +uring the !onth at a total cost

o/ I1?2'

12N"1


99/125

Accrue+ " +ays o/ salaries at a total cost o/ I1)00'

nstructions



accrue+ interest'




+ate'

)' ssuance o/ stock4 organiation costs' Sno*oun+

Cor(oration as incor(orate+ in July'


100/125

*' .re(are ournal entries /or the cash +i&i+en+

+eclaration an+ (ay!ent'

5' Gotes (aya*le' Re+ Bank Enter(rises as in&ol&e+

in the /olloing transactions +uring the scal year

en+ing %cto*er "14

N24

Borroe+ I@5000 /ro! the Bank o/ ings&ille *y

signing a 120:+ay note'

N204

ssue+ a I)0000 note to 6arris ,otors /or the

(urchase o/ a I)0000 +eli&ery truck'


101/125

11N"04 .ai+ note to Bank o/ ing&ille

nstructions



accrue+ interest'




+ate'

**********************************************************************************

ACC 205 Week &ournal Future /li!ations &ournal (Ash)





102/125

analysis tell you a*out your /uture o*ligations9

What +i+ you learn /ro! this e-(erience9



**********************************************************************************

ACC 205 Week &ournal Future /li!ations &ournal (New)





103/125

Care/ully re&ie the ra+ing Ru*ric /or the criteriathat ill *e use+ to e&aluate your ournal entry'

**********************************************************************************

ACC 205 Week 5 DQ 1 (Ash)



ACC 205 Week 5 DQ 1

**********************************************************************************

ACC 205 Week 5 DQ 1 (New)



http://www.acc205outlet.com/http://www.acc205outlet.com/http://www.acc205outlet.com/http://www.acc205outlet.com/


104/125

ACC 205 Week 5 DQ 1

**********************************************************************************

ACC 205 Week 5 DQ 2 (Ash)



ACC 205 Week 5 DQ 2

**********************************************************************************

ACC 205 Week 5 DQ 2 (New)





105/125

ACC 205 Week 5 DQ 2

**********************************************************************************

ACC 205 Week 5 E#erise Assi!n$ent Finanial atios (Ash)



Week $i&e E-ercise Assign!ent

$inancial Ratios

1' #iqui+ity ratios' E+ison Stagg an+


106/125

I)000

I2500

I1000

Short:ter! in&est!ents

"000

2500

2000

Accounts recei&a*le

2000

2500

"000

n&entory

1000

2500

)000

.re(ai+ e-(enses

00

00

00


107/125

Accounts (aya*le

200

200

200

Gotes (aya*le4 short:ter!

"100

"100

"100

Accrue+ (aya*les

"00"00

"00

#ong:ter! lia*ilities

"00"00

"00


108/125

Co!(ute the current an+ quick ratios /or each o/ the

three co!(anies' 7Roun+ calculations to to +eci!al

(laces'8 Which r! is the !ost liqui+9 Why9

Su((ose


109/125

Cost o/ goo+s sol+

))0000

"50000

Cash Dec' "1

125000

110000

Accounts recei&a*le Dec' "1

10000

1)0000

n&entory Dec' "1@0000

50000

Accounts (aya*le Dec' "1

11500010000


110/125


111/125

25000

Get inco!e

1"0000

A&erage assets

1100000

A&erage co!!on stockhol+ersF equity

)00000

Co!(ute the (rot !argin on sales an+ the rates o/

return on assets an+ co!!on stockhol+ersF equity

roun+ing calculations to to +eci!al (laces'

Does the r! ha&e (ositi&e or negati&e nancial

le&erage9 Brie;y e-(lain'

)' $inancial state!ent construction &ia ratios'

nco!(lete nancial state!ents o/ #ock Bo- nc'

are (resente+ *elo'

#%C B%H GC'

nco!e State!ent

$or the 3ear En+e+ Dece!*er "1 1KH"

Sales

I 9

Cost o/ goo+s sol+


112/125

9

ross (rot

I15000000

%(erating e-(enses V interest

9

nco!e *e/ore ta-

I 9

nco!e ta-es )0

9

Get inco!e

I 9

#%C B%H GC'

Balance Sheet

Dece!*er "1 1KH"

Assets

Cash

Accounts recei&a*le

n&entory

.ro(erty (lant V' equi(!ent


113/125

9

9

000000

I2)000000

#ia*ilities V Stockhol+ersF Equity

Accounts (aya*le

Gotes (aya*le 7short:ter!8

Bon+s (aya*le

Co!!on stock

Retaine+ earnings


114/125


115/125

E+ison

Stagg


116/125

)000

.re(ai+ e-(enses

00

00

00

Accounts (aya*le

200

200

200

Gotes (aya*le4 short:ter!"100

"100

"100

Accrue+ (aya*les"00

"00

"00

#ong:ter! lia*ilities


117/125

"00

"00

"00

Co!(ute the current an+ quick ratios /or each o/ the

three co!(anies' 7Roun+ calculations to to +eci!al (laces'8 Which r! is the !ost liqui+9 Why9

Su((ose


118/125

1KH5

1KH)

Get cre+it sales

I"2000

I@?0000

Cost o/ goo+s sol+

))0000

"50000

Cash Dec' "1

125000110000

Accounts recei&a*le Dec' "1

10000

1)0000

n&entory Dec' "1

@0000

50000


119/125

Accounts (aya*le Dec' "1

115000

10000


120/125

Get sales

I1500000

nterest e-(ense

120000

nco!e ta- e-(ense

0000

.re/erre+ +i&i+en+s

25000

Get inco!e

1"0000

A&erage assets

1100000

A&erage co!!on stockhol+ersF equity

)00000

Co!(ute the (rot !argin on sales an+ the rates o/

return on assets an+ co!!on stockhol+ersF equityroun+ing calculations to to +eci!al (laces'

Does the r! ha&e (ositi&e or negati&e nancial

le&erage9 Brie;y e-(lain'


121/125

)' $inancial state!ent construction &ia ratios'

nco!(lete nancial state!ents o/ #ock Bo- nc'

are (resente+ *elo'

#%C B%H GC'

nco!e State!ent

$or the 3ear En+e+ Dece!*er "1 1KH"

Sales

I 9

Cost o/ goo+s sol+

9

ross (rot

I15000000

%(erating e-(enses V interest

9

nco!e *e/ore ta-

I 9

nco!e ta-es )09

Get inco!e

I 9

#%C B%H GC'


122/125

Balance Sheet

Dece!*er "1 1KH"

Assets

Cash

Accounts recei&a*le

n&entory

.ro(erty (lant V' equi(!ent


123/125

?00000 )?00000

2000000

9

I2)000000

$urther in/or!ation4

Cost o/ goo+s sol+ is ?0 o/ sales' All sales are on

account'


124/125


,ost !(ortant Ratio Journal

Re;ect /or a !o!ent on the ratios 7orking ca(ital

current ratio quick ratio +e*t to asset +e*t to

equity ti!es interest earne+ gross !argin an+ net

!argin8 (resente+ this eek' / you ereconsi+ering in&esting in a co!(any hat ratio oul+

*e the !ost i!(ortant to you9 $or!ulate an+

argu!ent to +e/en+ your (osition'



**********************************************************************************

ACC 205 Week 5 &ournal 3ost ,$portant atio &ournal(New)





125/125

,ost !(ortant Ratio Journal

Re;ect /or a !o!ent on the ratios 7orking ca(ital

current ratio quick ratio +e*t to asset +e*t to

equity ti!es interest earne+ gross !argin an+ net

!argin8 (resente+ this eek' / you ere

consi+ering in&esting in a co!(any hat ratio oul+

*e the !ost i!(ortant to you9 $or!ulate an+

argu!ent to +e/en+ your (osition'



**********************************************************************************

Date post:	06-Jul-2018
Category:	Documents
Upload:	sadgfsd
View:	215 times
Download:	0 times

ACC 205 OUTLET EDUCATION EXPERT / acc205outlet.com

Documents