Learning Goal: I’m working on a accounting test / quiz prep and need guidance to help me learn.a. Calculate the following ratios: i. Return on total assets (assume interest has been paid) ii. Return on shareholders’ equity iii. Times interest earned ratio iv. Earnings per share v. Number of days of sales in inventory vi. Accounts receivable collection period vii. Sales to total assets ratio viii. Current ratio ix. Acid-test ratio x. Debt to shareholders’ equity ratio. b. Which of these ratios are measures of liquidity?
Learning Goal: I’m working on a accounting project and need support to help me learn.Question 1 (1 point) The Dulce Company has five plants nationwide that cost a total of $200 million. The current fair value of the plants is $600 million. The plants will be recorded and reported as assets at Question 1 options:$200 million. $600 million. $400 million. $800 million.Question 2 (1 point) Juggernaut Company buys a $29,000 van on credit. The transaction will affect theQuestion 2 options:income statement only. balance sheet only. income statement and owner’s equity statement only. income statement, owner’s equity statement, and balance sheet. Question 3 (1 point) Which one of the following could represent the expanded basic accounting equation? Question 3 options:Assets = Liabilities + Owner’s Capital + Owner’s Drawings – Revenue – Expenses. Assets + Owner’s Drawings + Expenses = Liabilities + Owner’s Capital + Revenues. Assets – Liabilities – Owner’s Drawings = Owner’s Capital + Revenues – Expenses.Assets = Revenues + Expenses – Liabilities.Question 4 (1 point) After a business transaction has been analyzed and entered in the book of original entry, the next step in the recording process is to transfer the information to Question 4 options:the company’s bank. owner’s equity. ledger accounts. financial statements.Question 5 (1 point) Able2 Company received a cash advance of $800 from a customer. As a result of this event, Question 5 options:assets increased by $800. owner’s equity increased by $800. liabilities decreased by $800. assets and owner’s equity both increased by $800.Question 6 (1 point) A trial balance may balance even when each of the following occurs except when Question 6 options:a transaction is not journalized. a journal entry is posted twice. incorrect accounts are used in journalizing. a transposition error is made.Question 7 (2 points) The revenue recognition principle dictates that revenue should be recognized in the accounting records Question 7 options:when cash is received. when the performance obligation is satisfied. at the end of the month. in the period that income taxes are paid.Question 8 (2 points) Mullins Real Estate received a check for $30,000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $30,000. Financial statements will be prepared on July 31. Mullins Real Estate should make the following adjusting entry on July 31: Question 8 options:Debit Unearned Rent Revenue, $5,000; Credit Rent Revenue, $5,000. Debit Rent Revenue, $5,000; Credit Unearned Rent Revenue, $5,000. Debit Unearned Rent Revenue, $30,000; Credit Rent Revenue, $30,000. Debit Cash, $30,000; Credit Rent Revenue, $30,000. Question 9 (2 points) Truffle Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays $1,800 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January? Question 9 options:Debit – Salaries and Wages Expense; 1,800 Credit – Salaries and Wages Payable 1,800Debit -Salaries and Wages Expense; 9,000 Credit – Salaries and Wages Payable 9,000Debit – Salaries and Wages Expense; 5,400 Credit – Salaries and Wages Payable 5,400No adjusting entry is required.Question 10 (2 points) The income statement and balance sheet columns of Beer and Nuts Company’s worksheet reflect the following totals:Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals $75,000 $51,000 $60,000 $84,000The net income (or loss) for the period isQuestion 10 options:$51,000 income. $24,000 income. $24,000 loss. not determinable.
Learning Goal: I’m working on a accounting case study and need an explanation and answer to help me learn.Required: please provide the ending balance that each investment would have in Thompson’s unconsolidated balance sheet along with Thompson’s equity earnings.do entry for C, I, E,R, O,N,E entry in excel sheet, include all the calculation for each entry
Then provide Thompson’s consolidated balance sheet and income statement. Provide your worksheets and supporting calculations (in good form) and any assumptions you have made.You may need to make some assumptions.Please provide a list of these assumptions.If there is missing information, for example, you might choose to use an assumed number.
Learning Goal: I’m working on a accounting case study and need support to help me learn.Each student will select and research a relevant financial fraud case for presentation to the class. Student is required to research the case, analyze it for the elements that are presented in this course, write a 2-page paper and prepare a PowerPoint slides on the case, then upload the paper and PowerPoint slides to Brightspace no later than May 10 at 11:59pm to allow time for the instructor to grade the assignment. Since there are numerous cases available from a variety of sources, it is strongly suggested that you select cases not in the textbook. Student that select a case in the textbook will not receive any grade on the assignment. No student presentation required only submission of paper and PowerPoint are required.
Learning Goal: I’m working on a accounting discussion question and need an explanation and answer to help me learn. A large, downtown hotel allocated all of its restaurant labor costs on the basis of revenue dollars. This hotel had seven restaurant outlets that were vastly different, including banquet, room service, a bar, a 24-hour restaurant, and a fine dining facility. There are obvious differences in the way labor resources are consumed in these various outlets. However, the most glaring example was in the banquet operation. Since banquets were not regularly scheduled events, the banquet manager hired servers as contract laborers. These costs were not included in the restaurant labor pool. Suggest at least two steps the manager should take to ensure that all labor is factored into the profitability analysis. The textbook discusses level 1, 2 and 3 variances. Suggest the variance analysis that would pinpoint the issue with the budget. Provide specific examples.Reply to at least two classmates’ posts. Although there are no requirements to use a number of words, your response to your classmate’s discussion should be substantive and add value to the discussion (i.e. reflecting on their response, asking follow up-questions, etc.).
“Texting” or “chat” language is not appropriate when communicating within the discussions
In this assignment students will review the accounting for long-term assets and the impact of depreciation.
All exercises and problems are in the textbook on the pages noted: E10.2 page 10-40 (10 points), E10.4 page 10-40 (10 points), P10.3 page 10-44 (30 points), P10.5 page 10-44 (30 points). Use MS Excel or Google Sheets for spreadsheets and statements.
In this assignment students will review the accounting for receivables listed in a business balance sheet.
All exercises and problems are in the textbook on the pages noted: E9.3 page 9-32 (10 points), E9.8 page 9-33 (15 points), P9.2 page 9-35 (20 points), P9.4 page 9-36 (35 points). Use MS Excel or Google Sheets for spreadsheets and statements.
This assignment must use knowledge about Canadian taxation, I have attached some notes you may need. Also, I have uploaded 4 screenshots that include questions and answer similar to this assignment. This assignment must use the same answer format as the reference questions.
As the led accountant for your theoretical company you have been assigned the task of researching the new FASB Accounting Standards Update (ASU). Research and analyze the ASU and give your own “personal” interpretation of how the new regulation could potentially impact your theoretical company. Research and analyze the ASU and give your own “personal” interpretation of how the new regulation could potentially impact your theoretical company, etc.. How has the recent June 2022 FASB ruling / comments impact the future of potential changes to the Accounting for Intangible Assets / Goodwill? Intangible Assets and Goodwil ASU Research Topic, Submit responses to the assignment on the FASB-ASU Accounting Research Topic specific to Intangible Assets and Goodwill (ASU_2019-06 – INTANGIBLES GOODWILL AND OTHER) as required; submit a research paper focusing on the requirements in the assignment tab in week 2.
In the assignment students will review the procedures covering cash and internal controls used in business.
All exercises and problems are in the textbook on the pages noted: E8.3 page 8-40 (10 points), E8.8 page 8-41 (15points), E8.15 page 8-43 (15 points) P8.5 page 8-45 (40 points) Use MS Excel or Google Sheets for spreadsheets and statements.