Financial management questions that require Accounting and Financial Management knowledge. Balance sheet. From the following balance sheet accounts, a. Construct a balance sheet for 2016 and 2017. b. List all the working capital accounts. c. Find the net working capital for the years ending 2016 and 2017. d. Calculate the change in net working capital […]
Category Archives: Accounting
What is the consequences to investors if the expense is overstated and therefore earnings understated?
Discussion: During the most recent presidential election there was a lot of debate about U.S. companies not repatriating earnings back to the U.S. Many companies have no intention of ever bringing those earnings home under the current tax rules. Do you feel that companies overstate their tax expense if they never intend to bring those […]
Determine proper account classifications prior to recording journal entries that will appear on your employer’s books and affect the content of its year-end audited financial statements.
Scenarios Indicate if independence is require( 115, tant to perform the following tasks iv: a. – Render tax advice to a non audit diet b. Issue an audit opinion concerning a government-run airport c. Issue a review opinion concerning quarterly reports of a privately held company d. Make recommendations as an internal auditor to your […]
Analyze and Record Transactions for merchandise Purchases and Sales Using the Perloac Inventory System.
Excel This assignment will derrionst.e the following leaming objectives. Analyze and Record Transaction.. merchandise Purchases and Sales Using Analyze Perpetual Inventory System. Analyze and Record Transactions for merchandise Purchases and Sales Using the Perloac Inventory System. Record the following transactions using the perpetual anti tunedit inventory system (50 Points)
Is there any ceiling limitation on the amount deductible as a medical expense? Explain.
Case Study/Deductible Medical Expenses Jane suffers from a degenerative spinal disorder. Her physician said that swimming could help prevent the onset of permanent paralysis and recommended the installation of a swimming pool at her residence for her use. Jane’s residence had a market value of approximately $500,000 before the swimming pool was installed. The swimming […]
Compared to past years, is Cardinal’s efficiency improving or getting worse? Explain.
Question 1.Calculate Cardinal’s 2022 Current and Quick ratios. What do you observe about the trend of the company’s liquidity positions from 2020 to 2022? 2.Calculate the 2022 Inventory Turnover, Days Sales Outstanding, Fixed Assets Turnover, and Total Assets Turnover ratios. Compared to past years, is Cardinal’s efficiency improving or getting worse? Explain. 3.Calculate the 2022 […]
What are the principal items giving rise to the differences between these two figures?
Read the case and answer the questions about cash flows (statements) https://www.studypool.com/questions/download?id=2760463&path=uploads/questions/435260/20230302002842case_statements_of_cash_flows.pdf&fileDownloadName=attachment_1 Read the case and answer the questions about the statements Can you tell whether the statement was prepared using: (a) the direct or indirect method; (b) IFRS or some other set of GAAP? What are the major sources of cash? What are the […]
How much would you have been prepared to bid for the prize? Explain your reasoning.
Lottery Prize Discussion Question – CLO 1 Several years ago, the Wall Street Journal reported that the winner of the Massachusetts State Lottery prize had the misfortune of being both bankrupt and in prison for fraud. The balance of the prize was $9,420,713, to be paid in 19 equal annual installments (there were 20 installments, […]
Are there ways that we could change the scholarships that would make them more equitable? Explain.
Government Budgeting and Finance question Read the Orlando Sentinel Article and the PowerPoint Presentation linked under Chapter 5. The article and our research make the point that merit scholarships are a bad use of lottery revenues because they cause a “Reverse Robinhood” effect. The Orlando Sentinel got hundreds of letters to the editor objecting to […]
Calculate the cash conversion cycle and how this has changed over time.
Business finance/ capital management strategy Working capital management strategies can be different for every company. Choose a firm (this can be the one for your Financial Analysis project or a different company of interest to you) and review their financials over a 10 year period. Compare the changes that have occurred over this time frame. […]
