Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1.Find the financial statements for 2 related/similar companies (Nike and reebok) and calculate the following ratios for each (note whether a particular ratio is not applicable):
· Current Ratio· Acid-Test Ratio· Debt Ratio· Equity Ratio· Accounts Receivable Turnover· Days Sales uncollected· Inventory Turnover· Days Sales in Inventory
2.Write a paragraph describing the difference between the two companies for 3 of the ratios calculated.
3.Prepare common-size and trend percentages for the income statements for each company.
4.Write a brief (minimum 3 paragraphs) analysis and comparison of the income statement items and differences between the two. Be sure to explain why the common-size statement is helpful in this analysis.
One way to avoid part of this: Use an S corporation, and don't pay yourself too much. Maybe pay yourself $50,000, and take the other $40,000 as a pass-through profit from your S corp. It will not be subject to the FICA tax, saving 15.3% of the tax..
Purpose summary journal entries related to the (1) sales, (2) sales returns, (3) collections of accounts receivable, and (4) write-offs of accounts receivable for the year ended September 30, 2009.
If this estimate of the percentage completion is used, what would be the Cost of Goods Sold for the year?
Crabtree Inc had additions to retained earnings for the year just ended of $625,000. The firm paid out $130,000 in cash dividends, and it has ending total equity of $7.2 million.
How would the process of generating a cash disbursments journal from the REA data models differ from the process for creating a sales journal?
The application of manufacturing overhead would be recorded as a debit to - A good description of "cost of goods manufactured" is the recorded cost.
Multiple Choice questions based on basics of accounts and Communication of economic events is the part of the accounting process that involves
1) Materials purchased through January 2) Cost of Goods Sold through January 3) Overhead applied through January 4) Underapplied and Overapplied overhead for January (you have to tell me both the amount and whether it is over or under for ..
The General Fund transferred $100,000 to the Motor Pool Internal Service Fund to be used for general operating purposes
Cocker issued 10,000 additional shares of common stock for $35 per share. Popper acquired 8,000 of these shares. Explain how would this transaction affect the additional paid in capital of the parent company? Please show me the work.
Which types of transactions, exchanges, or events would indicate that an investor has the ability to exercise significant influence over the operations of an investee?
Prepare an amortization schedule for the Note Receivable using the subsequent columns
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd