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Last update: August 12, 2015
  • Assignment for Financial Accounting

    Assignment for Financial Accounting

    Assignment for Financial Accounting 97/100 P6-9 a. Present value of the bond at an interest rate of 6% PV6%=$600*[1-(1+0.06)-5]/0.06+$10,000/(1+0.06)5=$10,000 b. Present value of the bond at an interest rate of 8% PV8%=$600*[1-(1+0.08)-5]/0.08+$10,000/(1+0.08)5=$9201.46 c. Present value of the bond at an interest rate of 4% PV4%=$600*[1-(1+0.04)-5]/0.04+10,000/(1+0.04)5=$10,890.36 d. The investor would be willing to pay for the bond at the price no more than the Present Value (PV) at different interest rate. The more interest rate is,

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    Essay Length: 672 Words / 3 Pages
    Submitted: April 11, 2016
  • Explain the Purpose of Accounting

    Explain the Purpose of Accounting

    PAST PAPER QUESTIONS - THEORY 1. Explain the purpose of accounting. The purpose of accounting is to provide information about business transactions for internal control purposes and for the owners of a business. Managers need to know who owes money for goods sold. Shareholders in a company need to know how much profit is being made and whether the company is able to meet its debts as they fall due. (4 marks) 1. Distinguish between

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    Essay Length: 3,923 Words / 16 Pages
    Submitted: April 16, 2016
  • Introduction to Accounting and Finance

    Introduction to Accounting and Finance

    16th March 2015 To potential investor, INTRODUCTION Msafni Sdn Bhd business has been operating for 3 years from 2013 until now. We have opened a total of 3 outlets throughout Malaysia watches. Our company also plans to add more branches by 2 stores in Kuala Lumpur. Since watches are very important in society, whether young or old age, and gender. We also do business on-line to help consumers buy watches from our company without .

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    Essay Length: 1,073 Words / 5 Pages
    Submitted: April 17, 2016
  • Cost Accounting

    Cost Accounting

    Part 2: 1. Direct materials price: $88,400/5200= $17.00 Price variance: ($17-$18) x 5,200= $5,200 Favorable Efficiency variance: (4700-3200) x 18= $27,000 Unfavorable 1. One of the factors that could affect the variances is the quality of titanium. If the quality of the titanium purchased online is lower, they will have to use more to satisfy the need of each bicycle. With the quality titanium they used before, they only needed 8 pounds per bike. The

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    Essay Length: 303 Words / 2 Pages
    Submitted: April 29, 2016
  • Accounting Chapter 12

    Accounting Chapter 12

    Chapter 12 31. a Not qualified, Thomas has to be at least 25 to be qualified b. qualified c. Qualified if their job meets related restrictions d. Qualified if their job meets related restrictions 36. a. Only the two little children are qualified The amount shall be 2*$1000= $2000 b. 122000 exceeds the 110000 limitation (122000-110000)/1000=12 , 12*50=600 2000-600=1400 38. For two children, the maximum expense for purposes of the credit for child and dependent

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    Essay Length: 644 Words / 3 Pages
    Submitted: May 11, 2016
  • The Importance of Accountability and Its Affect on Mission Readiness

    The Importance of Accountability and Its Affect on Mission Readiness

    The Importance of Accountability and its Affect on Mission Readiness The importance of accountability and its pertinence on mission readiness is one of the key things that allows the military of the United States run effectively and efficiently. There are many reasons for this that all play a part in the overall success of ready for the mission. Accountability in the military is the obligation of any military personal to maintain an accurate account of

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    Essay Length: 473 Words / 2 Pages
    Submitted: May 19, 2016
  • Accounting and Finance in Voluntary Sector

    Accounting and Finance in Voluntary Sector

    ________________ Public Benefit Charity is an organization that set up to provide help and raise money for those in need. According to the Charities Act 2006, charity means an organisation which is established for charitable purposes only and it is subject to the control of the high court (Legislation.gov.uk, 2016). In the law of England and Wales, the charitable purpose is the one that need to falls within one or more of the 13 descriptions

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    Essay Length: 2,978 Words / 12 Pages
    Submitted: June 15, 2016
  • Eth 376 - Accounting Ethics and Professional Regulations - Code of Conduct

    Eth 376 - Accounting Ethics and Professional Regulations - Code of Conduct

    CODE OF CONDUCT Code of Conduct Accounting Ethics and Professional Regulations/ETH/376 March 9, 2015 ________________ Code of Conduct In this short paper, I will describe the purpose of the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct and discuss why it is considered to be the foundation of ethical reasoning in accounting. Furthermore, I will also answer the questions of what are the three most important principles and why those are the

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    Essay Length: 631 Words / 3 Pages
    Submitted: June 20, 2016
  • Financial Accounting

    Financial Accounting

    Financial Ratio Analysis 1. Liquidity Ratio: Liquidity Ratios are meant for testing short-term financial positions of a business. These are designed to test the ability of the business to meet its shorter term obligation promptly. 1. Current Ratio Current Ratio= Current Assets/ Current Liabilities The ratio is used to assess the short term liquidity. 2:1 is regarded as a satisfactory level. The company’s maximum current ratio was in 2012 i.e 1.458 since then it has

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    Essay Length: 1,657 Words / 7 Pages
    Submitted: July 18, 2016
  • Microsoft - Google - Apple - Accounting

    Microsoft - Google - Apple - Accounting

    Brandon Shamsabadi ACC 200 09/12/15 All numbers are in millions of U.S. dollars Microsoft Google Apple Income Statement Numbers Revenues $86,833 $66,001 $182,795 Cost of sales (or cost of revenue) $27,078 $25,691 $122,258 Net income $22,074 $14,444 $39,510 Balance Sheet Numbers Total assets $172,384 $131,133 $231,839 Total liabilities $82,600 $26,633 $120,292 Total stockholders’ equity $89,784 $104,500 $111,547 Financial Ratios Debt ratio 48% 20% 52% Gross profit percentage 69% 61% 33% Return on sales 25% 22%

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    Essay Length: 277 Words / 2 Pages
    Submitted: August 4, 2016
  • Accounting and Finance

    Accounting and Finance

    Case 19.1 BENNETT’S BODY COMPANY: ANNOTATED BIBLIOGRPAHY Annotated Bibliography in APA Format Finance & Accounting for Decision making Herzing University . ________________ Annotated Bibliography [Bennett’s Body Company] Anthony. (05/2010). Accounting: Texts and Cases, 13th Edition. [VitalSource Bookshelf Online]. Retrieved from https://online.vitalsource.com/#/books/1259302172/ The Company named Bennett Body which is a custom manufacturer of truck bodies is controlled by Ralph Kern. There is a system comparison between the two companies reviewed by Kern, Bennett Body Company and

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    Essay Length: 412 Words / 2 Pages
    Submitted: August 9, 2016
  • Benefit for Windows Azure Organizational Accounts

    Benefit for Windows Azure Organizational Accounts

    MSDN Benefit for Windows Azure Organizational Accounts Frequently Asked Questions (FAQ) General Q. What is the ‘MSDN Benefit for Windows Azure Organizational Account’? The 'MSDN Benefit for Windows Azure Organizational Account' enables eligible MSDN subscribers who are members of an organization to use their Organizational Accounts to develop and test applications in the cloud, receiving the same Windows Azure MSDN benefits that they would have received had they used their Microsoft account. Q. What is

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    Essay Length: 1,171 Words / 5 Pages
    Submitted: August 27, 2016
  • Disclosure Requirements on Accounting Policies

    Disclosure Requirements on Accounting Policies

    VERIZON COMMUNICATIONS Assignment 1 Full Disclosure in Financial Reporting – Verizon Communications Kelly McLaughlin Intermediate Accounting III Professor August 30, 2016 ________________ Disclosure Requirements on Accounting Policies Accounting policies are rules and procedures followed by any business entity to use in the preparation of their financial statements. The presentation and design of the information in the financial statements are representations of the accounting policies used by a business. The disclosure requirements are used to provide

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    Essay Length: 1,058 Words / 5 Pages
    Submitted: September 4, 2016
  • Accounting Equivalence

    Accounting Equivalence

    Indicate the accounting equivalence of the following transactions. There is no relationship between them. A public limited company is founded with the shareholders depositing €200,000 in a bank account opened in the company’s name. 1)increase asset cash => increase NE 2) increase asset => decrease asset b) We buy office furniture and pay by bank transfer. 1)increase asset invent => decrease asset cash in bank 2)increase asset receivable => decrease asset sold furniture c) We

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    Essay Length: 329 Words / 2 Pages
    Submitted: September 19, 2016
  • Is Fair Value Accounting Fair?

    Is Fair Value Accounting Fair?

    1. Introduction In this paper, the fair value accounting measurement for assets and liabilities will be discussed in terms of its major advantages and disadvantages. It will build upon previous literature about the debates among fair value and its conclusions made by other researchers. Furthermore the role of fair value measurement relating to financial crises will be discussed. This will be done by digging into research results and literature leading back to the 1920’s. 1.1

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    Essay Length: 5,001 Words / 21 Pages
    Submitted: September 19, 2016
  • The Hacking Team Breach - How the for Hire Hackers Got Hacked

    The Hacking Team Breach - How the for Hire Hackers Got Hacked

    THE HACKING TEAM BREACH: HOW THE FOR HIRE HACKERS GOT HACKED Running head: THE HACKING TEAM BREACH: HOW THE FOR HIRE HACKERS GOT HACKED 1 The hacking team breach: How the for hire hackers got hacked Bala Sai Pankaj Kumar Koppella Illinois Institute of Technology Author Note Bala Sai Pankaj Kumar, School of Applied Technology, Illinois Institute of Technology. ________________ Abstract In July 5, 2015, A Milan based company by the name Hacking Team which

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    Essay Length: 3,654 Words / 15 Pages
    Submitted: September 24, 2016
  • Accounting Info Systems W/lab

    Accounting Info Systems W/lab

    Accounting Info Systems w/Lab Week 3 Writing Assignment Professor: Douglas Letsch 7/26/2015   When it comes to security control, most companies are incapable of protecting data, and others are adequately reliable of protecting their data. As a result, if a company is neglectful of security controls they should be held accountable to the fullest. However, if they are taking the proper steps in security control then they should not be held reliable for losses stained

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    Essay Length: 872 Words / 4 Pages
    Submitted: October 4, 2016
  • Memo - Ministry of Finance Suspend the Public Accountant Justinus Aditya Sidharta

    Memo - Ministry of Finance Suspend the Public Accountant Justinus Aditya Sidharta

    Aisya Nurasari Handyanti / 008201400006 / Auditing 2014 Ministry of Finance Suspend the Public Accountant Justinus Aditya Sidharta Ministry of Finance RI as of the date of November 28, 2006 has suspended the license of Public Accountant (PA) Justin Aditya Sidharta for two years. Sanctions are given for a violation on Public Accountants Professional Standards (SPAP) relating to the Audit Report on the Consolidated Financial Statements of PT Great River International Tbk In 2003. The

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    Essay Length: 560 Words / 3 Pages
    Submitted: October 11, 2016
  • Free Market Proponents That Oppose Regulation Argue That Even in the Absence of Regulation, Organisation Will Provide Optimal Amounts of Accounting Information

    Free Market Proponents That Oppose Regulation Argue That Even in the Absence of Regulation, Organisation Will Provide Optimal Amounts of Accounting Information

    Group 2 Past Year June 2015 Question 1 a) Free market proponents that oppose regulation argue that even in the absence of regulation, organisation will provide optimal amounts of accounting information. Provide two (2) incentives for organisations to produce optimal amounts of accounting information despite the absence of regulations. (5 marks) Two incentives for organisations to produce optimal amounts of accounting information despite the absence of regulation is the role of manager and the volatility

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    Essay Length: 2,628 Words / 11 Pages
    Submitted: October 15, 2016
  • John Deere Cost Accounting

    16 October, 2016Intl Purchasing & Supplier ManagementSunny John Salve Case VI: Deere Cost Management Background Better known as John Deere which is an iconic brand recognized worldwide. They are manufacturers and distributes agricultural equipment. Also to lesser degree construction, forestry, commercial, and consumer equipment. They operate in 160 countries & Annual sales is estimated to be $14 Billion. Popular product sold by agricultural division. Conveyor System Component. Carries materials from point to point The gatherer

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    Essay Length: 492 Words / 2 Pages
    Submitted: October 17, 2016
  • Human Resource Accounting

    Human Resource Accounting

    INTRODUCTION 1.1 INTRODUCTION To ensure the growth and development of any organization, its human resources are of utmost importance. Without human resources, two of the other resources cannot be operationally effective. Men, materials, machines, money and methods are the resources required for an organization. These resources are broadly classified into two categories, viz., animate and inanimate (human and physical) resources. Men, otherwise known as the human resources, are considered to be animate resources. Others, namely,

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    Essay Length: 4,746 Words / 19 Pages
    Submitted: November 10, 2016
  • Bus 208 - Principles of Accounting II Home Assignment 08 Chapter 21

    Bus 208 - Principles of Accounting II Home Assignment 08 Chapter 21

    BUS-208-Priciples of Accounting II Home Assignment 08 Chapter 21 a) Cost of Goods sold 5,000,000 x 42% = 2,100,000 Selling expenses 2,800,000 x 44% = 1,232,000 Administrative expenses 1,720,000 x 65%= 1,118,000 Total Fixed cost 4,450,000 Cost of Goods sold 5,000,000 x 58% = 2,900,000 Selling expenses 2,800,000 x 56%= 1,568,000 Administrative expenses 1,720,000 x 35%= 602,000 Total Variable cost 5,070,000 b) (1) the unit variable costs 5,070,000 / 94,500 Units = $53.65 per

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    Essay Length: 699 Words / 3 Pages
    Submitted: November 21, 2016
  • Accounting Question Answers

    Accounting Question Answers

    QUESTION 1: Jaya Mart needs 1000 coffee makers per year. The cost of each coffee maker is RM78. Ordering cost is RM100 per order. Carrying cost is 20% of per unit cost. Lead time is 5 days. Jaya Mart is open 360 days in a year. 1. What is the EOQ level? EOQ = √ 2SO / C = √ 2 X 1000 X 100 /15.60 = 113 units 1. How many times per year

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    Essay Length: 840 Words / 4 Pages
    Submitted: December 13, 2016
  • Acct 614 - Accounting Practices

    Acct 614 - Accounting Practices

    ACCT 614 PH3DB 29th July 2015 In the business environment there are many decisions to be made. Manager must then find ways and techniques that would allow them to properly analyze data in order to make well informed decisions. For this particular scenario we must identify whether the investment opportunity is profitable for the company. Such techniques that will need to be utilized are payback period, profitability index and net present value. It is true

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    Essay Length: 336 Words / 2 Pages
    Submitted: January 26, 2017
  • Intermediate Accounting Notes

    Intermediate Accounting Notes

    Assets=claims - liability - Equity - contributed capital - common stock/ treasury stock - earned capital - rev/ Exp. / gains/ losses * Debit * Contra Assets account * Current vs non-current (1 yr) *notes receivable: could be current or non-current cuz there are both principle and interest. *prepaid: depends on when you get the benefit. * Credit * current vs non-current liability permanent accounts & Nominal accounts ⬇️ ⬇️ bal. sheet inc. stmt. Example

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    Essay Length: 2,400 Words / 10 Pages
    Submitted: February 8, 2017

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