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Each student will be required to use the business that was created in your week one assignment. The following information will be necessary to meet MINIMUM requirements for your assignment submission:
Your business name and product or service you will be offering. This will also include a description of your business and organizational structure, where you plan on locating your business and why.
Question 1: Create your fictional sales projections based on what your understanding of the industry.
Question 2: Create each one of the financial statements for your business and be able to explain the numbers that you use for your industry. Make sure you include the following: Three INCOME STATEMENTS (one per quarter), Three Statement of Cash Flows (one for each Income statement), and finally one end of the year BALANCE SHEET. Your Income Statements should be able to fit on one to two pages as well as your Statement of Cash Flows. Your Balance Sheet should fit on one page.
On July 1, 2010, an interest payment date, $60,000 of Parks Co. bonds were converted into 1,200 shares of Parks Co. common stock, each having a par value of $45 and a market value of $54. There is $2,400 unamortized discount on the bonds. Using th..
On January 5, 2010, Phelps Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock.
Prepare the journal entry to record a $15,000 bonus owed to its workers (to be shared equally) at calendar year-end. Prepare journal entry
mohave corp. is considering outsourcing production of the umbrella tote bag included with some of its products. the
Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note payable in the amount of $80,000. Gold assumes Albert's mortgage on the land of $200,000.
Compute the product cost per unit for the production of 1,160 handbags. Determine the selling price of handbags.
Identify weaknesses in internal control for sales and trade receivables that you would bring to CTL management's notice in your management letter
absorption vs. variable costingvarilux manufactures a single product and sells it for 10 per unit. at the beginning of
Depreciation of $7,500 had been taken on the old machine. What is the realized gain and the recognized gain, and how will any recognized gain be treated
Demonstrating the Effect of Book Value on Reporting an Asset Disposal through Sale FedEx is the world's leading express-distribution company.
Which company's estimate of useful life more closely reflects reality? Will you feel comfortable as a passenger in a 25-year old airplane?
Following is selected financial information of ABM Company for the year ended December 31, 2013.
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