Categories
Accounting

Consider the following situation: After a series of interviews, Gage McCullough,

Consider the following situation:
After a series of interviews, Gage McCullough, a job seeker, received two on-site interview invitations from the Pittsburgh offices of two large firms. Both firms offered to cover his out-of-pocket expenses (travel, hotel, and meals). He scheduled the interviews for both firms on the same day, one in the morning and one in the afternoon. At the conclusion of each interview, he submitted to both firms his total out-of-pocket expenses for the trip to Pittsburgh: mileage $230 (460 miles at $0.50), hotel $260, meals $46, and parking and tolls $18, for a total of $554. He believes this approach is appropriate. If he had made two trips, his cost would have been two times $554. He is also certain that neither firm knew he had visited the other on that same trip. Within 10 days, Gage received two checks in the mail, each in the amount of $554.
Please comment on the following questions:
Who are the stakeholders (affected parties) in this situation?
What are the ethical issues in this case?
What would you do in this situation? Be specific.
Reference list:
Financial & Managerial Accounting Information for Decisions (8th Edition)

Categories
Accounting

Consider the following situation: After a series of interviews, Gage McCullough,

Consider the following situation:
After a series of interviews, Gage McCullough, a job seeker, received two on-site interview invitations from the Pittsburgh offices of two large firms. Both firms offered to cover his out-of-pocket expenses (travel, hotel, and meals). He scheduled the interviews for both firms on the same day, one in the morning and one in the afternoon. At the conclusion of each interview, he submitted to both firms his total out-of-pocket expenses for the trip to Pittsburgh: mileage $230 (460 miles at $0.50), hotel $260, meals $46, and parking and tolls $18, for a total of $554. He believes this approach is appropriate. If he had made two trips, his cost would have been two times $554. He is also certain that neither firm knew he had visited the other on that same trip. Within 10 days, Gage received two checks in the mail, each in the amount of $554.
Please comment on the following questions:
Who are the stakeholders (affected parties) in this situation?
What are the ethical issues in this case?
What would you do in this situation? Be specific.
Reference list:
Financial & Managerial Accounting Information for Decisions (8th Edition)

Categories
Accounting

Please read the introduction carefully, fill in the blanks of each tax form, and

Please read the introduction carefully, fill in the blanks of each tax form, and help me correct those in which I have made mistakes. After you finish Form 1040 and SCHEDULE A and
SCHEDULE 8812 in the order then put it into the docx form with their serial numbers, I will fill in one after another. Thanks, you don’t need to count the ones I’ve done right.

Categories
Accounting

please see the attach file for instructions. there are 2 parts of assginment. fi

please see the attach file for instructions. there are 2 parts of assginment.
first one is to search 405 articles for my and the second part is review student #1 articles ( suppose to differrent than mine) mentioned under part 2 on instruction. let me know if you have any question. thank you

Categories
Accounting

Complete the Budget in a Service Company (Cash Budget) assignment. Please use th

Complete the Budget in a Service Company (Cash Budget) assignment. Please use the template provided below.
The document must have the complete budget and show the entire process along with an explanation.
Add a brief explanation of the budget just like what you should do if you were in a meeting with senior management and you were the accountant who was tasked with presenting the budget. Put that explanation on the page below the budget that you have prepared.
Hint: The budget should start with the January beginning balance and the February ending balance should also be the ending balance for the two months combined column.
Budget in Service Company (Cash Budget)
Edge Soccer Program (Edge) began the year with a cash balance of $10,500. The budget forecasts that collections from customers owed to the company will be $11,000 in January and $15,200 in February. The soccer program is also supposed to receive $8,500 in January on a note receivable from a soccer club that owes Edge for training.
Edge plans to purchase soccer equipment in January and February with cash. The budgeted amounts of the purchases are $15,600 in January and $14,800 in February. Operating costs for the business is $2900 per month.
Edge must maintain a minimum cash balance of $10,000 in their bank account at all times. If the amount in the bank account falls below $10,000, then bank extends credit to Edge immediately in multiples of $1000. Edge pays back any amounts borrowed each quarter in payments of $2000 plus 4% interest. The first payment occurs three (3) months after the bank has extended edge credit.
Requirement
Prepare a cash budget for January and February.

Categories
Accounting

Annual Reports of the Coca-Cola® Company and Walmart® For this week’s discussion

Annual Reports of the Coca-Cola® Company and Walmart®
For this week’s discussion, you will review the annual reports of the Coca-Cola Company and Walmart, two of the largest publicly traded firms in America.
Compute and compare the accounts receivable turnover ratios for Coca-Cola and Walmart. Indicate all numbers you used to calculate the ratio.
What constitutes a “reasonable” accounts receivable turnover ratio? What characteristic(s) of these companies would indicate that these ratios are reasonable?
Back up your answers with facts and cite websites and text references used.
Why might Coca-Cola and Walmart sell their receivables?
Coca-Cola
Visit the Coca-Cola website. You will need to find the financial information and the annual reports.
At the site, click your mouse on “Company” (bottom of the page).
Then, locate “Investors” at the top of the page, and choose “Filings and Reports.”
Under the title “Filings and Reports,” select “Annual Filings (10K).”
Choose the 2020 annual report. Note in the Discussion Board which year’s information you used. You will need to scroll through the annual report to find the information you need to answer the questions. Remember what you learned in Accounting I about financial statements to help you find what you need.
Walmart
Go to the Walmart website. Remember what you earned in Accounting I about financial statements to help you find what you need.
Scroll to the bottom of the Walmart homepage.
Under the “Get to know us” column, select the link “Our Company.”
Select the link “Investors,” and on the drop-down menu select “Financial Information.”
Then select the “Annual Reports and Proxies” under the Quick Links area.
Finally, select the “2020 Annual Report” PDF link.
Respond using the information from the website visits. Take the time to review the responses of your classmates and provide your feedback.
References
The Coca-Cola Company. (n.d.). https://us.coca-cola.com
Walmart. (n.d.). https://www.walmart.com

Categories
Accounting

Create or Purchase | Graded Associated Objectives Identify the types of assets t

Create or Purchase | Graded
Associated Objectives
Identify the types of assets that qualify as intangible assets, what costs should be capitalized
Properly present intangible assets on a balance sheet including amortizing the original cost and adjusting impaired assets down to an appropriate value
Properly account for research and development costs
Prompt: Case for Analysis 12.4 (Czeslaw Corporation) in the text discusses an important managerial decision: should a company create its own intangible assets or purchase them? Please read that case and respond to the questions at the end. In addition, please research the Internet looking for discussion and share the results of your research.
In a business sense, capitalizing rather than expensing the costs of an intangible asset can make the financial statements look better. That is certainly the case for assets purchased from completely unrelated third parties. Please consider this question in your post. How unrelated does a third party need to be? If a company enters into a contract with another company to develop an asset and the contract is basically a road map to the end result (with no provision for deviation and heavy supervision by the company purchasing the asset), would that purchase constitute a capitalizable asset? How about if the purchasing company does it through a subsidiary or as part of a development co-op?

Categories
Accounting

Annual Reports of the Coca-Cola® Company and Walmart® For this week’s discussion

Annual Reports of the Coca-Cola® Company and Walmart®
For this week’s discussion, you will review the annual reports of the Coca-Cola Company and Walmart, two of the largest publicly traded firms in America.
Compute and compare the accounts receivable turnover ratios for Coca-Cola and Walmart. Indicate all numbers you used to calculate the ratio.
What constitutes a “reasonable” accounts receivable turnover ratio? What characteristic(s) of these companies would indicate that these ratios are reasonable?
Back up your answers with facts and cite websites and text references used.
Why might Coca-Cola and Walmart sell their receivables?
Coca-Cola
Visit the Coca-Cola website. You will need to find the financial information and the annual reports.
At the site, click your mouse on “Company” (bottom of the page).
Then, locate “Investors” at the top of the page, and choose “Filings and Reports.”
Under the title “Filings and Reports,” select “Annual Filings (10K).”
Choose the 2020 annual report. Note in the Discussion Board which year’s information you used. You will need to scroll through the annual report to find the information you need to answer the questions. Remember what you learned in Accounting I about financial statements to help you find what you need.
Walmart
Go to the Walmart website. Remember what you earned in Accounting I about financial statements to help you find what you need.
Scroll to the bottom of the Walmart homepage.
Under the “Get to know us” column, select the link “Our Company.”
Select the link “Investors,” and on the drop-down menu select “Financial Information.”
Then select the “Annual Reports and Proxies” under the Quick Links area.
Finally, select the “2020 Annual Report” PDF link.
Respond using the information from the website visits. Take the time to review the responses of your classmates and provide your feedback.
References
The Coca-Cola Company. (n.d.). https://us.coca-cola.com
Walmart. (n.d.). https://www.walmart.com

Categories
Accounting

Finally, In the essay: (1) Introduce Table 1 (what are the measures you included

Finally, In the essay:
(1) Introduce Table 1 (what are the measures you included, how they are calculated,–
e.g., Table 1 listed measures A, B, C,… All measures are obtained from… and divided
by….)
(2) Insert Table 1 to show the performance measures.
(3) Discuss the performance of the firm around CEO replacement in a trend analyses:
“we decided to include these three ratios in our trend analyses because…) In your
discussion, refer to the trend figure.
(4) Insert the trend figure (label it as Figure 1 and give it a title, pay attention to
legends) in the essay.

Categories
Accounting

I need the pdf file of all combined file; all other instructions are in pdf file

I need the pdf file of all combined file; all other instructions are in pdf file and this all assignment has to be done is a website or application called ProFile tax please it is mandatory to do all this is profile tax software