You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from the previous year. The company has an aggressive growth target of reaching $3 million annual sales within the next 3 years. The CEO has been trying to find additional products that can leverage the current ABC employee skillset as well as the manufacturing facilities.
Chapter 4 and 5 Problems Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.
Chapter 6 and 7 Problems Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.
ACC 206 Week 2 DQ 2 Role of Management Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting?
ACC 206 Week 4 DQ 2 Flexible Budgets Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget?
List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?
Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present.
Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.
Review the rights and responsibilities of Certified Management Accountants: http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibility_CMA.pdf What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?
While there are many instances of overlap between financial accounting and management accounting, each group’s primary focus is different. Review the Institute of Management Accounting’s (IMA) website, specifically the “About IMA” and the “Resources and Publications” sections of the website. Are you surprised by the topics that management accountants are focusing on? Why or why not? What interests you more, financial accounting or management accounting?
Go the Hershey website to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining. In at least one paragraph, describe the costing system that you would recommend Hershey use to account for its cost of goods sold and why. Include a few product costs you think would be traceable, which costs should be allocated, and how Hershey should account and apply the manufacturing overhead costs.
Go to http://finance.yahoo.com. Enter in “AAPL” and click on the “get quote” button, and it will bring up information on Apple. On the left hand side you’ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize Apple’s cash flow position and what does this statement tell you about where the money is coming from and where it’s going? What should Apple do to improve its cash position and why?
We have all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, “Airline Industry Stock Outlook – August 2012” Identify three factors that are affecting airline company’s ability to break even. For each of your factors, discuss how these have an impact on the breakeven (contribution margin, fixed costs, variable costs, a combination, etc.), and what happens if these factors increase or decrease.
For more course tutorials visit www.uophelp.com ACC 310 Week 1 DQ 1 Information for Decision Making and Cost Concepts and Behavior(1-A+ ACC 310 Week 1 DQ 2 Fundamentals of Cost-Volume-Profit Analysis (no ratg ) ACC 310 Week 1 Assignment CVP Analysis and Price Changes (2A) ACC 310 Week 2 DQ 1 Fundamentals of Cost Accounting for Decision Making (no ratg ) ACC 310 Week 2 DQ 2 Fundamentals of Product and Service Costing (2B+) ACC 310 Week 2 Assignment Special Orders (3A) ACC 310 Week 3 DQ 1 Job and Process Costing (no ratg ) ACC 310 Week 3 DQ 2 Activity Based Costing (2B+)
ASHFORD ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 2 Times, Rating: A ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5
CIS 206 Entire Course: All iLabs and Case Projects (Devry) CIS 206 Week 1 iLab 1 Identifying System Components and Resources (Devry) CIS 206 All iLabs (Devry) CIS 206 Case Study 2-3 Discussing the Functions of an Operating System (Devry) CIS 206 Case Study 2-4 Discussing How Applications Interact with Operating Systems (Devry) CIS 206 Case Study 8-3 Connecting to Remote Shares Using UNCs (Devry) CIS 206 iLab 2 Backing up and Restoring Data (Devry) CIS 206 iLab 4 Red Hat Linux Installation (Devry) CIS 206 iLab 4 Windows XP Professional Installation (Devry) CIS 206 iLab 4 Working with Directories (Devry) CIS 206 iLab 5 Using the Vim editor (Devry) CIS 206 iLab 6 Staying Current and Troubleshooting Windows XP (Devry)
For more course tutorials visit www.uophelp.com Aspects of Employment and Environment Paper and PowerPoint You are an accountant at a small accounting firm. One of your clients is looking to open a small river-rafting business. Your client will run the business operations from a mobile home office on a piece of land on the riverbank. Your client must decide the best location to start this business and has asked you to explain the accounting advantages of choosing the best location. Your client is also wondering if the business should build a permanent structure on the land, or use the mobile home they
Chapter 8 Exercise 1: Basic present value calculations Calculate the present value of the following cash flows, rounding to the nearest dollar: a. A single cash inflow of $12,000 in five years, discounted at a 12% rate of return. b. An annual receipt of $16,000 over the next 12 years, discounted at a 12% rate of return. c. A single receipt of $15,000 at the end of Year 1 followed by a single receipt of $10,000 at the end of Year 3. The company has a 10% rate of return. d. An annual receipt of $8,000 for three years followed by a single receipt of $10,000 at the end of Year 4. The c
What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why?