User Homework Solutions

Business Assignment- merchandise sale Prepare a flowchart which demonstrates how accural accounting and cash flows are linked for a merchandise sale. Analyze the impact on the financial statements of each. Provide the required references, if applicable.

Other / Other Other / Other 27 Oct 2017

Business Assignment- product elimination decisions 1. In some companies, especially the larger ones, the finance function is undertaken by the vice president of finance. In other companies, small to medium, there are other functionaries, such as the chief financial officer, finance manager, and so on. Do not get caught up with titles! Discuss the role of the finance manager and why the position is important. Go towww.accountingtoday.com. Summar

Other / Other Other / Other 27 Oct 2017

Business Assignment- Petty cash fund What is a petty cash fund? List two ways a business would maintain controls over Petty Cash? List TWO procedures you might suggest to your manager regarding Petty Cash.

Other / Other Other / Other 27 Oct 2017

Business Assignment- Salaries Payable c.) Give the adjusting entries for the example in requirement (b).Add $150 to Salaries Expenseand Add $150 to Salaries Payable.d.) Describe the status of the affected account(s) before and after the adjustment in requirement

Other / Other Other / Other 27 Oct 2017

Business Assignment- Fair market value Taxpayer receives stock as a gift from his nephew. The adjusted basis of the stock is $10,000 and the fair market value is $30,000. Taxpayer trades the stock for bonds with a fair market value of $25,000 and $5,000 cash. What is his recognized gain and the basis for the bonds?

Other / Other Other / Other 27 Oct 2017

A company or an organization to provide us with goods and services Even though we may contract with a company or an organization to provide us with goods and services, we still most typically deal with an individual human being representing that organization. In the event of a problem with our purchase, what is the relative liability of that individual and of the company he/she supposedly represents? How can we ascertain whether that individual

Other / Other Other / Other 27 Oct 2017

Enron debacle more than a decade Beginning with the Enron debacle more than a decade ago, and continuing through the Bernie Mad off scandal of recent years, there has been much discussion regarding the relative roles and responsibility of the SEC and the independent auditors and accountants in safeguarding the investing public from unscrupulous business practices, including the implementation of Sarbanes Oxley requirements. To what extent does a

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Business Assignment- Cas Investment revenue Problem 12-7($ in millions)December 29CashInvestment revenueDecember 31Accrued interest:Investment revenue receivable - HolisticEntertainmentInvestment revenue receivable - HouseholdPlasticsInvestment revenueRevaluations:Net unrealized holding gains and losses—OCIFair value adjustmentFair value adjustmentNet unrealized holding gains and losses—I/SNote: Securities held-to-maturity are not ad

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Business Assignment- Self-employed Example Assume Mr. Smith was injured in January 2012 and can no longer work again. How would you calculate his lost earnings? Use the spreadsheet attached as a starting point for your analysis. What (if any) accounts should be adjusted? What is a reasonable assumptions of Mr. Smiths future lost earnings?The completed homework should include the attached spreadsheet with your analysis to arrive at a reasonable e

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John Johnson Lost Earnings Case John Johnson Lost Earnings CaseIn early 2012,John Johnson, a 42 year old Marketing Associate1 at Cisco was feeling increasingly run down. After a series of doctor visits it was discovered that his kidneys werefailing. It turned out that he’d been born with only one kidney and, for reasons that were unclear, that one was failing. Afterconsulting with the medical team at UCSF, John and his sister Jane started

Other / Other Other / Other 27 Oct 2017