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External link to Question : Learning Objective 11-2 1) Microsoft sells its corporate customers large computer : 1253081
Accounting

Question : Learning Objective 11-2 1) Microsoft sells its corporate customers large computer : 1253081

  Learning Objective 11-2   1) Microsoft sells its corporate customers large computer systems that include a three-year service contract. Microsoft promises that for three years it will update the systems whenever the customers need modifications and that it will also provide extensive customer support. Microsoft has chosen to recognize all revenue for these systems over the three-year life of the service contracts rather than […]

External link to Question : 147.              The Comprehensive Annual Financial Report of a local governmental : 1255374
Accounting

Question : 147.              The Comprehensive Annual Financial Report of a local governmental : 1255374

  147.              The Comprehensive Annual Financial Report of a local governmental unit includes several statements and sections.  When a financial analyst is computing ratios and extracting other information, he or she needs to know where in the CAFR to look.  Use the following classification to indicate where an analyst would look in the CAFR to compute the ratios and gather information by placing the appropriate […]

External link to Question : 65.A management concept that seeks to uncover and eliminate waste : 1258473
Accounting

Question : 65.A management concept that seeks to uncover and eliminate waste : 1258473

  65.A management concept that seeks to uncover and eliminate waste in all aspects of business activities is called:    A. Continuous operations. B. Customer orientation. C. Just-in-time. D. Theory of constraints. E. Total quality management. 66.The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is:    A. Just in time manufacturing model. B. Managerial accounting model. C. Corporate social responsibility model. D. Continuous improvement […]

External link to Question : 41. Which of the following NOT a characteristic of an assessment : 1251059
Accounting

Question : 41. Which of the following NOT a characteristic of an assessment : 1251059

    41. Which of the following is NOT a characteristic of an assessment center?  A. It is used to determine if employees have the skills needed for technical jobs. B. It is usually held at an off-site location, such as a conference center. C. Team and individual exercises are used. D. Managers are usually used as assessors. Assessment centers are primarily used to identify if employees have the personality […]

External link to Question : 61. In recording the cost of merchandise sold for cash, based : 1247167
Accounting

Question : 61. In recording the cost of merchandise sold for cash, based : 1247167

    61. In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is  A. debit Cost of Merchandise Sold; credit SalesB. debit Cost of Merchandise Sold; credit Merchandise InventoryC. debit Merchandise Inventory; credit Cost of Merchandise SoldD. debit Accounts Receivable; credit Sales   62. The inventory system employing accounting records that continuously disclose the amount of inventory is called  A. retailB. periodicC. physicalD. perpetual […]

External link to Question : 101. The management of Arnold Corporation considering the purchase of a : 1233933
Accounting

Question : 101. The management of Arnold Corporation considering the purchase of a : 1233933

  101. The management of Arnold Corporation is considering the purchase of a new machine costing $490,000. The company’s desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information, use the following data in determining the acceptability in this situation:  […]

External link to Question : 141. Record in good journal entry format the following transactions: 1.April 10: : 1251540
Accounting

Question : 141. Record in good journal entry format the following transactions: 1.April 10: : 1251540

    141. Record in good journal entry format the following transactions:  1.April 10:  300 units of raw materials were purchased at $5.50. 2.April 15:  200 units of raw materials were requisitioned at $6.00 for production, Job 345. 3.April 25:  100 units of raw materials were requisitioned at $5.50 for production, Job 555.     April 10Materials1,650 Accounts Payable1,650 April 15Work in Process1,200 Materials1,200 April 25Work […]

External link to Question : 61.Refer to the information above. At December 31, Year 1, : 1237449
Accounting

Question : 61.Refer to the information above. At December 31, Year 1, : 1237449

    61.Refer to the information above. At December 31, Year 1, the adjusting entry with respect to this note includes a:    A.Credit to Interest Payable for $1,600.   B.Credit to Notes Payable for $1,600.   C.Debit to Interest Expense for $3,200.   D.Credit to Cash for $3,200.         On September 1, 2015, Able Company purchased a building from Regal Corporation by […]

External link to Question : Answer the following questions using the information below: Woodruff Flowering Plants : 1211831
Accounting

Question : Answer the following questions using the information below: Woodruff Flowering Plants : 1211831

  Answer the following questions using the information below:   Woodruff Flowering Plants provides the following information for the month of May:   ActualBudget Fuchsia DogwoodFuchsia Dogwood Sales in units18,0004,50017,0003,000 Contribution margin per unit$20$17$21$16     31) What is the budgeted contribution margin per composite unit for the actual mix? A) $19.00 B) $20.30 C) $19.40 D) $20.00   32) What is the budgeted contribution margin per […]

External link to Question : 74. The gain the disposal of equipment recognized when: A. The book value : 1229831
Accounting

Question : 74. The gain the disposal of equipment recognized when: A. The book value : 1229831

    74. The gain on the disposal of equipment is recognized when:  A. The book value of the equipment is greater than the value received. B. The book value of the equipment is less than the value received. C. A salvage value exists. D. A gain should not be recognized on the disposal of an asset.     75. For financial reporting purposes, the gain or loss on the sale […]

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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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