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Accounting

The Analysis is in the file below. Determine the following ratios for both compa

The Analysis is in the file below.
Determine the following ratios for both companies, then based on the information analyze and compare the two companies’ solvency and profitability. Ratios: (1) Return on total assets; (2) Return on stockholders’ equity; (3) Times interest earned; (4) Ratio of total liabilities to stockholders’ equity.

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Accounting

(1) 28 days ago BRENDA ADAMS INSTRUCTOR MANAGER RE: Week 1 Discussion-Extra Cr

(1)
28 days ago
BRENDA ADAMS INSTRUCTOR MANAGER
RE: Week 1 Discussion-Extra Credit
COLLAPSE
Overall Rating:
12345
12345
Extra Credit
Below is the link to a short YouTube video that makes the dollar value LIFO inventory computation simple. Please review the video and your text and explain the dollar value LIFO inventory valuation method. What advantage does the dollar-value method have over the specific goods approach of LIFO inventory valuation?
Dollar Value LIFO

125 words
(2).
28 days ago
BRENDA ADAMS INSTRUCTOR MANAGER
RE: Week 2 Discussion-Extra Credit
COLLAPSE
Overall Rating:
12345
12345
Extra Credit
Provide at least one example of when the gross profit method would be useful in determining inventories. Explain the rationale for selecting the example provided.
125 words.
(3).
28 days ago
BRENDA ADAMS INSTRUCTOR MANAGER
RE: Week 3 Discussion
COLLAPSE
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Extra Credit
Once equipment has been installed and placed in operation, subsequent expenditures relating to this equipment are frequently thought of as repairs or general maintenance and, hence, chargeable to operations in the period in which the expenditure is made. Actually, determination of whether such an expenditure should be charged to operations or capitalized involves a much more careful analysis of the character of the expenditure. What are the factors that should be considered in making such a decision? Discuss fully.
125 words
(4).
28 days ago
BRENDA ADAMS INSTRUCTOR MANAGER
RE: Week 4 Discussion-Extra Credit
COLLAPSE
Overall Rating:
12345
12345
Extra Credit
Do you agree with the statement that accounting depreciation measures the decline in the value of fixed assets? Please explain.
125 words
(Please can you answer in the form it is send? 1,2,3,4) thank you

Categories
Accounting

1. How is Tesla different from a traditional motor manufacturer not just in term

1. How is Tesla different from a traditional motor manufacturer not just in terms of product but sales process to customers, manufacturing process, improvements in model or any other area you observe? What do you think if any are the strengths/weaknesses of Tesla as a business?
2. Inventory:
Examine the data on days inventory for Tesla for 2018 and 2019 in the spreadsheet/worksheet available for download. (Calculations have been completed for you for ease of reference).
1. What information can you learn from days inventory? Does it make sense to separate out service parts from other types of inventory? Why?
2. Looking at the data and spreadsheet, how well do you think Tesla is managing its inventory? What trends and patterns stand out to you if any?
3. We can see from the decomposition that raw materials, WIP and service parts increased for the year, whereas finished goods decreased. What questions if any does this raise for you?
4. What critical assumptions has TESLA made to value inventory? Does TESLA use FIFO or LIFO? Explain what is LCM (the lower of cost or market) and how this may impact inventory every year.
5. What in general can be the potential impact on (a) value of inventory on hand with both methods (FIFO and LIFO) in a rising inflation environment) (b) potential impact on the IS?
3. Fixed assets are reported in the balance sheet as: Cost less accumulated depreciation. What information/components do we need to compute depreciation? Which of these components depend on management judgement?
4. Let’s take a look at depreciation expense for Tesla’s Machinery, equipment, vehicles, and office furniture in 2019. Below is an approach outlined:

Depreciation expense for 2019 = ((6,329+7,167)/2)/7 = 6,748/7 = 964
Study this to understand the components and explore the exhibits and case to find the sources of input.
Assumptions:
The average life of this asset is 7 years (given the range of 2 to 12)
The outlays of $838 (7167-6329) for new Machinery, equipment, vehicles, and office furniture were made halfway through the year.
We are assuming that there is zero salvage value. If most of the assets are for specialized machinery and equipment, it is unlikely to have much value at the end of its useful life.
A. How will the depreciation expense for 2019 of 964 above be reported: Is depreciation debited or credited by this? Is accumulated depreciation debited or credited by this? Complete this journal entry. Explain what a contra-asset is? Provide at least 2 examples of contra-assets.
B. It seems straight line depreciation was used above to calculate the depreciation expense- many businesses choose this method. What other methods can be used? Make a case as a management leader for another method of depreciation other than straight line and use your knowledge of various approaches to build a best possible case for another method to be used?
5. What are intangible assets? Provide some examples? Why do you think Tesla has so few intangible assets?
DOCUMENTS
Reading: Assets and Expenses (pp. 5-22)
Reading: Accounting for Current Assets

Categories
Accounting

Please make sure to show the work and also type in the correct answers into the

Please make sure to show the work and also type in the correct answers into the excel document I uploaded
Please write out answers to show work

Categories
Accounting

1. Proper handling of human relations is essential to the establishment of an ef

1. Proper handling of human relations is essential to the establishment of an effective budgeting system. There is a natural tendency for people to be uncomfortable with budgets. Describe how participative budgeting helps create a healthy atmosphere surrounding the budgeting process. Would you recommend that businesses employ a participative approach to budgeting? Why or why not?
2. What are the distinguishable characteristics of capital budgeting decisions and in what ways can accountants add value to the capital budgeting process. Compare the different methods (pros and cons) used to make capital investment decisions and the best one from your point of view. Provide 2 examples of capital investment decisions.

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Accounting

Write a 1 – 2 page memo to your friend summarizing of findings, identifying the

Write a 1 – 2 page memo to your friend summarizing of findings, identifying the red flags that you see in the financial statements of this company. Remember these are red flags only, not direct evidence of fraud so don’t make any accusations, just lay out the things you would recommend further questioning about.
Upload both your spreadsheet showing the analytical tools you applied to the data and the paper for grading. Points will be given for properly selecting and using analytical tools as well as identifying red flags present in the case. There are several red flags and each student may focus on different red flags based on the analytical tools chosen. Therefore you do not have to identify absolutely every red flag to receive full points; however there are some that should be obvious no matter which tool you chose and points will be deducted for missing those.

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Accounting

The company is APPLE. Explain what you learn about the disclosures of your SEC 1

The company is APPLE.
Explain what you learn about the disclosures of your SEC 10-K company relating to Pensions and Post Retirement Benefits.
Your comments should relate to the income statement and the balance sheet treatment and disclosure in the notes to the financial statements.
Additionally, consider the risk and the competitive advantage of positions taken.

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Accounting

What do the terms 2/10, n/30 mean? If you were a consulting company for a compan

What do the terms 2/10, n/30 mean? If you were a consulting company for a company that bought goods under these terms, would you advise it do with respect to these payments and why? Provide an example.

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Accounting

Respond to one or more question(s) from each of the three categories below. Cat

Respond to one or more question(s) from each of the three categories below.
Category: Stock Market
1. Describe three facts about the stock exchange on which your corporation’s stock is traded.
2. Compare the closing price of your corporation’s stock on the first day of the semester to the day before you post a response to this question.
3. Explain how investors use these indices to make more informed investing decisions:
a. Dow Jones Industrial Average (DOW)
b. NASDAQ Composite Index (NASDAQ)
c. Standard & Poor’s (S&P) 500
Category: Assets and Liabilities
1. Briefly describe your company’s investments and intangible assets.
2. Does your company list “Other Assets?” If so, what items are classified in this category?
3. Comment on any significant changes in individual assets or liabilities.
4. Does your company have any long-term liabilities? If so, state the largest long-term liability and when it is due.
Category: Analysis
1. Prepare a vertical analysis of your company’s Balance Sheet for the current year.
2. Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis. How do the results for your company compare to industry averages?
a. Current ratio
b. Inventory turnover
c. Asset turnover
d. Debt to assets.
reference
https://www.sec.gov/Archives/edgar/data/104169/000010416922000012/wmt-20220131.htm#i1ba69ebb72ec48f9b754a5e96c4cdf3f_133

Categories
Accounting

The General Journal This discussion explains the components of the general journ

The General Journal
This discussion explains the components of the general journal in world of accounting, and its purpose of recording financial transactions of business in chronological order.
Introduction
Accounting requires that each transaction impacts a minimum of two accounts. This is known as dual-entry accounting or double-entry accounting (Kemp & Waybright, 2019). T-accounts are a great way to simplify and visualize this dynamic. However, they are not professionally used in accounting because of the over-simplified layout. The T-account does not allow for all detailed components of the transactions to be shown- which is essential for proper accounting. This is why the general journal was created, to keep record of all transactions that financially impact business operations (Kemp & Waybright, 2019). These recorded transactions are organized in chronological order in the general journal. The act of recording these transactions is known as journalizing (Kemp & Waybright, 2019).
Steps of Journalizing
Journalizing, or recording transactions inside the general journal, requires four main steps. The first step is to record the date. Remember, the general journal lists all transactions in chronological order, so it is essential to start with this. The second step is to record the part of the entry that is a debit. You do this by entering the name of the account first, followed by the debit amount. The third step is to record the part of the entry that is a credit. You do this by first indenting the name of the account, followed by the credit amount. Lastly, it is important to write a descriiption of the entry, describing what exactly the transaction was (Kemp & Waybright, 2019).
The General Ledger
A supplemental part of the general journal is the general ledger. The general ledger provides the same information found in the general journal, but in a more useful way. That is because the general ledger groups all of the various accounts -or categories, showing their balances. It displays the amounts of Assets, Liabilities and Stockholders’ Equity for each date of transaction (Kemp & Waybright, 2019). Information from the general journal must be transferred correctly to the general ledger. This process is known as posting. The classification of accounts remains the same. Credits in the journal are recorded as credits in the ledger, and debits in the journal are recorded as debits in the ledger (Mautner & Mauriello, 1953).
Conclusion
Keeping a record of all transactions is crucial to monitoring the financial health of a business and making important decisions. Accounting requires that each transaction affects at least two accounts. This is called dual-entry or double-entry accounting. The general journal was created to record these entries in date-order, showing how each account was either debited or credited, and describing what exactly the transaction was. A general ledger portrays the same information found in the journal, but groups all of the accounts, showing their balances. Both the general journal and general ledger play a fundamental role in

References
Kemp, R., & Waybright, J. (2019). Financial Accounting (5th ed.). Pearson.
Mautner, O., & Mauriello, J. A. (1953). Complementary Accounting through the General Ledger. The Accounting Review, 28(4), 565–569. http://www.jstor.org/stable/240975