Purpose of the exercise My objective in giving you this assignment is not to make you Quickbooks experts but to expose you to how some of the things you learned in previous classes are executed in practice, e.g. journal entries, financial statements compilations, reports, analysis, etc. You can extrapolate this exercise from small business to large businesses.  Learning how to navigate the software is a […]

Grande Stores is a large discount catalog department store chain. The company has recently expanded from 6 to 43 stores by borrowing from several large financial institutions and from a public offering of common stock. A recent investigation has disclosed that Grande materially overstated net income. Theis was accomplished by understating accounts payable and recording fictitious supplier credits that further reduced accounts payable. An SEC […]

Financial Statement Case Study  (This assignment is to be prepared individually)     OBJECTIVE:  The objective of this assignment is to expose you to the type of information contained in an annual report as well as learn where to locate specific financial data within the report.  You will use the annual report from your assigned company to complete the three parts of this assignment.  Each of the three parts of this assignment will be evaluated on the criteria outlined below.   LeBow Focus: Economics:  Explore stock pricing, inflation effects, and business cycles. Problem Solving:  Use critical thinking skills to evaluate ratio relationships in interpreting company financial health.  Career Planning: Explore some of the tasks and responsibilities for a career as a stockbroker, accountant, or financial manager. Writing: Writing specific to business such as company performance analysis and investment analysis.   Part 1:  Financial Statement Research – 30 points GOAL:  For this section you should locate data in both the Income Statement and Balance Sheet.  You will have to find the data from the two most current consecutive years available for each of the items listed below.  You will then have to calculate the percentage change for those two consecutive years and indicate that change.  An excel spreadsheet should be used to complete this section.  You must include a copy of the Income Statement and the Balance Sheet for this section of the assignment and highlight data used.  Based on the data you gathered, what overall observations can you make about the company (that does not mean just stating assets went up or down, but rather strategies, trends or impacts)?  You can include questions you would ask or other information you would want to research.   *Sales*Cash *Cost of Sales (COGS)*Total Current Assets *Gross Profit*Long Term Debt  *Net Income (loss)*Total Equity *Inventory*Total Assets     Part 2:  Financial Statement Analysis – 40 points GOAL:  For this section you will use financial ratios to evaluate the relationship between Balance Sheet and Income Statement data from the two most current consecutive years in making determinations about company performance.  You are to compare this data to the averages for your company’s industry. For each ratio you should show the formula used, enter your company’s numbers into that formula, compute the ratio, and assign the proper label to the answer ($, %, etc.).  You will complete this for each of the two years’ data.  Once again, an excel spreadsheet should be used to complete this section.  Based on the data gathered, what overall observations can you make about the company (that does not mean just stating a ratio went up or down, but rather why, given strategies, trends or impacts or particular input data)?  You can include questions you would ask or other information you would want to research.   *Current Ratio/Liquidity*Inventory Turnover *Debt to Equity Ratio*Profit Margin *ROI*One additional ratio of your choice   Part 3:  Interpretive Analysis – 40 points GOAL:  Each of the ratios in Section 2 provide relevant information to help answer specific questions about the financial health of the company.  You will have to interpret that information for three of those ratios by responding to each of the multi-part following questions. The discussion should be thorough and incorporate data and analysis from above.   1.  What is meant by liquidity?  Did the company experience and increase or a decrease in liquidity over the two-year period evaluated?  What effect do the liquidity figures have on the company’s long term and/or short term performance? 2. What is meant by Profit Margin?  Did the company experience an increase or decrease in profit margin over the two year period evaluated?  What effect do the Profit Margin figures have on the company’s long term and/or short term performance? 3.  What is measured in a Debt to Equity ratio? Did the company experience a change in its leverage over the two year period evaluated? What impact do these Debt to Equity figures have on the company’s overall long term and short term performance? 4.  How does inventory and inventory turnover affect liquidity?  Did the company experience and increase or decrease in inventory turnover?       Overall appearance of the report including, but not limited to: proper citations, proper use of grammar/spelling, sentence structure, formatting of the cover page and body of the report – 15 points.   Please be certain to include an introduction and conclusion to the case study.  The introduction should orient the reader to the company you have researched and provide an overview of the company.  The conclusion should summarize your case study and leave the reader with a positive final impression of the work being submitted.    NOTES! this is a financial statement case study, and we are doing tow differen company! one is CVS Caremark and anther one is Pepsi and we […]

Critique (and REWRITE) the following definition for the industry in which the University of Scranton operates: The college industry is made up of institutions which provide post-high school education. Included in this industry are colleges that have bachelors and masters programs.  (40% of post grade) 2. List three specific parts of the industry section (pages 18-29 only) that you had the most difficulty understanding. Describe […]

  In early January 2011, Lab Tech purchased computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipment salvage value at $30,000. Prepare a table showing depreciation and book value for each of the four years assuming straight line depreciation.   Refer to the information and prepare a table showing depreciation and book value for each of […]

Yin & Yang Video has the following unadjusted trial balance as of January 31, 2010:                    Yin & Yang Video                Unadjusted Trial Balance                  January 31, 2010                                   Debit Balances            Credit Balances Cash   19,000           Accounts Receivable   34,100           Supplies          4,464 Prepaid Insurance       4,800 Equipment      108,000         Notes Payable                             45,000 Accounts Payable           […]

this is due TOMORROW! so if you do not have the time right now pleae do not reply. It is a short  take-home exam on Tort law, dispute resolution and Product liability. It seems long but the answers only need to be short and concise.some are fill in. Please answer on a separate Word document and number the answers to match the corresponding question you […]

McGee Carpet and Trim installs carpets in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very unreliable. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) for a new contract are provided in a given […]

Unit VII Assignment MS Project 2010 Exercise Complete Exercise A-3: Software Training Program, 1-3 on pages A.74- A.76 of the textbook. Use the suggested task list as a guide, and use your own judgment for entering task durations. Submit one or more screen shots of your MS Project 2010 file including tasks, durations, predecessor tasks, and completed resource sheet with costs for grading as one […]

Reflect back upon your brainstorming from Week One and choose two events that had a significantly positive impact on your life. (Daughters Birth and Daughter highschool graduation) Explain why you selected these two experiences/events from your list. Determine the influence of Bronfenbrenner’s rings on each experience. Analyze how learning from these experiences reinforced behaviors that are evident in your adulthood. Assess the impact of these […]