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External link to Question : 111. Which of the following would be subtracted from the balance : 1247173
Accounting

Question : 111. Which of the following would be subtracted from the balance : 1247173

  111. Which of the following would be subtracted from the balance per bank on a bank reconciliation? A. Outstanding checksB. Deposits in transitC. Notes collected by the bankD. Service charges 112. A bank reconciliation should be prepared A. whenever the bank refuses to lend the company money.B. to explain any difference between the company’s balance per books with the balance per bank.C. when an employee is suspected of fraud.D. by the person who is authorized to […]

External link to Question : 16) If direct labor for the month $30,000, overhead applied : 1177343
Accounting

Question : 16) If direct labor for the month $30,000, overhead applied : 1177343

  16) If direct labor for the month is $30,000, overhead is applied based on direct labor, annual overhead is estimated to be $500,000, and annual direct labor is estimated to be $800,000, what is the entry to apply overhead to production? A) Debit Work-in-Process Inventory $18,750; credit Payroll $18,750 B) Debit Overhead-Applied $18,750; credit Work-in-Process Inventory $18,750 C) Debit Work-in-Process Inventory $18,750; credit Overhead-Applied […]

External link to Question : 61. Productive assets that physically used up, or depleted are: : 1255979
Accounting

Question : 61. Productive assets that physically used up, or depleted are: : 1255979

    61. Productive assets that are physically used up, or depleted are: a. Equipment. b. Land. c. Land improvements. d. Natural resources.   62. The legal life of a patent is: a.Forty years. b.Twenty years. c.Life of the inventor plus fifty years. d.Indefinite.     63. An exclusive 20-year right to manufacture a product or to use a process is a: a. Patent. b. […]

External link to Question : 173.A company uses the aging of accounts receivable method to : 1237039
Accounting

Question : 173.A company uses the aging of accounts receivable method to : 1237039

  173.A company uses the aging of accounts receivable method to estimate its bad debts expense. On December 31 of the current year an aging analysis of accounts receivable revealed the following:   1—30 days past due270,0002.0% 30—60 days past due145,0008.0% 61—90 days past due55,00020.0% 90—120 days past due32,00050.0% 174.On December 31, of the current year, Spectrum Company’s unadjusted trial balance revealed the following: Accounts […]

External link to Question : 81. Eight Corporation declared and paid $90,000 of dividends to its : 1230432
Accounting

Question : 81. Eight Corporation declared and paid $90,000 of dividends to its : 1230432

    81. Eight Corporation declared and paid $90,000 of dividends to its shareholders during Year 3. The statement of cash flows classifies the transaction as a(n)  A. investing activity. B. financing activity. C. operating activity D. exchange transaction. E. equity activity.   82. During Year 7, Seven Corporation wrote down marketable equity securities to their market value. The journal entry made for this write-down is as follows: Unrealized Holding Loss on […]

External link to Question : 81. _____ measure the inflows of assets (or reductions in liabilities) : 1230272
Accounting

Question : 81. _____ measure the inflows of assets (or reductions in liabilities) : 1230272

    81. _____ measure the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers.  A. Revenues B. Expenses C. Cash inflows D. Cash-outflows E. Shareholder equity   82. _____ measure the outflow of assets (or increases in liabilities) used in generating revenues.   A. Revenues B. Expenses C. Cash inflows D. Cash-outflows E. Shareholder equity   83. _____ reports information about cash generated from (or used by) operating, investing, and financing […]

External link to Question : 31.Which of the following would NOT represent good controls over : 1236150
Accounting

Question : 31.Which of the following would NOT represent good controls over : 1236150

  31.Which of the following would NOT represent good controls over cash disbursements? A.Make all disbursements, other than very small ones, by check, debit card, or credit card. B.Require only one signature for checks, especially larger ones. C.Authorize all expenditures before purchase and verify the accuracy of the purchase itself. D.The employee who authorizes payment should not also be the employee who prepares the check. […]

External link to Question : 141. The following information available for Dorman Co.: 2009 : 1246683
Accounting

Question : 141. The following information available for Dorman Co.: 2009 : 1246683

    141. The following information is available for Dorman Co.:    2009 Dividends per share of common stock $  1.40 Market price per share of common stock 17.50     Which of the following statements is correct? A. The dividend yield is 8.0%, which is of interest to investors seeking an increase in market price of their stocks.B. The dividend yield is 8.0%, which is of special interest to […]

External link to Question : 151. Which of the following is/are true regarding stock rights? A. Firms grant : 1245767
Accounting

Question : 151. Which of the following is/are true regarding stock rights? A. Firms grant : 1245767

    151. Which of the following is/are true regarding stock rights? A. Firms grant stock rights to current shareholders. B. Firms often issue stock rights to raise new capital from current shareholders. C. Shareholders may exercise the stock rights or sell them to others. D. The granting of stock rights to current shareholders requires no accounting entries. E. all of the above   152. Which of the following is/are true regarding stock […]

External link to Question : 31) An organization determines its allocation base depending upon all of : 1196096
Accounting

Question : 31) An organization determines its allocation base depending upon all of : 1196096

  31) An organization determines its allocation base depending upon all of the following factors EXCEPT 31) ______ A) the size of the base. B) the purpose served by the cost allocation. C) the cost required to implement different allocation bases. D) the manager’s decision concerning the reason for the cost allocation. E) the criteria used to guide the cost allocation. 32) When all of […]

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July 1, 2023
    

You have an interview for a job as a paid intern in the Finance Department of one of the following publicly traded firms (choose one: Apple, Amazon, or Tesla). You have been tasked with creating a PowerPoint presentation (including speaker notes; 10 slides at minimum) on the firm and its financials for the interview. Use Yahoo Finance or Macrotrends.net to obtain the information. Worth 25 pts. Extra Credit.
You must address the following key topics in the presentation:Worth 25 pts. Extra Credit.
You must address the following key topics in the presentation:

  • List the financial statements and discuss how the statements are linked to the basic accounting equation.
    • Re-trace the statements back to the accounting equation.
  • Discuss the accounting methods used in the firm.
    • How are they used within the firm and to what extent?  
  • Compare the last 2-3 years of financials and analyze the results.
    • What areas stand out as significant in terms of losses, gains, and risk?
    • Do you see any major shifts or trends in the financials year-to-year?
    •  If so, in what areas and by what amount? What does the profitability and the liquidity of the firm reflect?
    • Was the company efficiently using its cash flow?
    • How effectively did the firm leverage its debt? Is the firm too overly burdened with debt, or is it managing the debt responsibly?
  • Based on your findings, in what areas could the firm improve its position?
    • Does the firm’s future performance look bleak or positive based on your analysis?
  • Include a conclusion slide and discuss two things you learned from this analysis. What parts of this analysis surprised you?
  • Include a reference slide at the end. Speaker notes should be included for each slide (except title page, reference page, etc.).
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July 1, 2023
    

You have an interview for a job as a paid intern in the Finance Department of one of the following publicly traded firms (choose one: Apple, Amazon, or Tesla). You have been tasked with creating a PowerPoint presentation (including speaker notes; 10 slides at minimum) on the firm and its financials for the interview. Use Yahoo Finance or Macrotrends.net to obtain the information. Worth 25 pts. Extra Credit.
You must address the following key topics in the presentation:Worth 25 pts. Extra Credit.
You must address the following key topics in the presentation:

  • List the financial statements and discuss how the statements are linked to the basic accounting equation.
    • Re-trace the statements back to the accounting equation.
  • Discuss the accounting methods used in the firm.
    • How are they used within the firm and to what extent?  
  • Compare the last 2-3 years of financials and analyze the results.
    • What areas stand out as significant in terms of losses, gains, and risk?
    • Do you see any major shifts or trends in the financials year-to-year?
    •  If so, in what areas and by what amount? What does the profitability and the liquidity of the firm reflect?
    • Was the company efficiently using its cash flow?
    • How effectively did the firm leverage its debt? Is the firm too overly burdened with debt, or is it managing the debt responsibly?
  • Based on your findings, in what areas could the firm improve its position?
    • Does the firm’s future performance look bleak or positive based on your analysis?
  • Include a conclusion slide and discuss two things you learned from this analysis. What parts of this analysis surprised you?
  • Include a reference slide at the end. Speaker notes should be included for each slide (except title page, reference page, etc.).
default image
July 1, 2023
    

You have an interview for a job as a paid intern in the Finance Department of one of the following publicly traded firms (choose one: Apple, Amazon, or Tesla). You have been tasked with creating a PowerPoint presentation (including speaker notes; 10 slides at minimum) on the firm and its financials for the interview. Use Yahoo Finance or Macrotrends.net to obtain the information. Worth 25 pts. Extra Credit.
You must address the following key topics in the presentation:Worth 25 pts. Extra Credit.
You must address the following key topics in the presentation:

  • List the financial statements and discuss how the statements are linked to the basic accounting equation.
    • Re-trace the statements back to the accounting equation.
  • Discuss the accounting methods used in the firm.
    • How are they used within the firm and to what extent?  
  • Compare the last 2-3 years of financials and analyze the results.
    • What areas stand out as significant in terms of losses, gains, and risk?
    • Do you see any major shifts or trends in the financials year-to-year?
    •  If so, in what areas and by what amount? What does the profitability and the liquidity of the firm reflect?
    • Was the company efficiently using its cash flow?
    • How effectively did the firm leverage its debt? Is the firm too overly burdened with debt, or is it managing the debt responsibly?
  • Based on your findings, in what areas could the firm improve its position?
    • Does the firm’s future performance look bleak or positive based on your analysis?
  • Include a conclusion slide and discuss two things you learned from this analysis. What parts of this analysis surprised you?
  • Include a reference slide at the end. Speaker notes should be included for each slide (except title page, reference page, etc.).
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