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ACCT 504 Case Study 1 (Gordon Construction) For more course tutorials visit

www.tutorialrank.com Case Study 1 (Part A) Analyze the impact of business transactions on accounts; record (journal ize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., compl eted the following transactions: June 2 Gordon received $55,000 cash and issued common stock to the stockhol ders. 3 Purchased supplies, $3,000, and equipment, $5,200, on account. 4 Performed services for a client and received cash, $6,300. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $1,200. Jo hnson expects to collect within one month. 16 Paid partial for the equipment purchased June 3 on account $2,800. 17 Paid the telephone bill, $230. 18 Received partial payment from customer on account, $700. 22 Paid the water and electricity bills, $400. 29 Received $5,000 cash for repairing the pipes of a customer. 30 Paid employee salary, $4,300. 30 Declared and paid dividends of $3,000. ▸Requirements • 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. • 2. Post the transactions to the T-


accounts, using transaction dates as posting references. • 3. Prepare the trial balance of Gordon Construction, Inc., at June30, 20 14. • 4. The manager asks you how much in total resources the business has to work with and, how much it owes. Adjust the accounts; construct the financial statements) Record the follo wing month end adjusting entries for Gordon Construction, Inc. at June 30, 2014 Month end accruals at June 30, 2014: • a. Accrued advertising revenue at June 30, $3,100. • b. Supplies used during June, $3,090. • c. Accrued salary expense at June 30 for Monday, Tuesday, and Wedn esday. The five-day weekly payroll is $6,100 and will be paid on Friday. Requirement 2 Prepare adjusted trial balance for Gordon Construction at June 30, 2014. ************************************************************

ACCT 504 Case Study 2 (Williams Oil) For more course tutorials visit

www.tutorialrank.com Case study (Learning Objectives 2, 4: Explain the components of internal control; e valuate internal controls) Each of the following situations reveals an inte rnal control weakness:


Situation a. In evaluating the internal control over inventory for the Willi ams Oil Services Company, an auditor learns that the warehouse receivi ng clerk is responsible for ordering parts for supply inventory use in drill ing services, counts the inventory when received at the dock, records the receipts into the inventory ledger, and takes the annual inventory, No su pervisor reviews the receiving clerks work. Situation b. Nicole Lopez handles employee travel and expense reports f or Scott Sales Services. With the growth in the economy, the sales team began traveling extensively gaining new business. Because of the heavy volume, she no longer required the sales team to provide original airline, hotel, or car rental receipts. She told them to just keep their meals under the $100 per day per diem and no receipts were required. She allowed th em to use their own credit cards so they could get the frequent flyer poin ts. She required them to turn in a summary of the travel expenses quarter ly. Situation c. Michael Jordon is a new employee hired from Craigs List re commended by a coworker. Mike was hired as a Human Resource Assistant. Mikes first day on the job he is told that he should follow his own judgments when deci ding how employee issues such as hiring and firing of employees, sexual harassment, and ethical infractions should be handled. Top of Form ? Requirements 1. Identify the missing internal control characteristic in each situation. 2. Identify each firms possible problem. 3. Propose a solution to the problem. ************************************************************


ACCT 504 Case Study 3 (Wang Appliance Store) For more course tutorials visit

www.tutorialrank.com Construct and use a cash budget) Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company?s budgeting pr ocess. Farmer?s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year?s statement of cash flows, wh ich follows (amounts in thousands): Wang Appliance Store Statement of Cash Flows 2013 (in thousands) Cash Flows from Operating Activities Collections from customers Interest Received

$51,000 500

Purchase of inventory

(36,000)

Operating expenses

(10,200)

Net cash provided by operating activities

5,300

Cash Flows from Investing Activities Purchase of equipment 00)

(3,5


Purchase of investments

(5

Sale of investments

1,

00) 000 Net cash used for investing activities

(3,

000 )

Cash Flows from Financing Activities Payment of long term debt

(

Issuance of Stock

2,

400) 000 Payment of cash dividends (500) Net cash provided by financing activities 1,000 Cash Increase (decrease) in Cash Cash, beginning of year Cash, end of year

3,300 2,900 5,900

? Requirements 1. Prepare the Wang cash budget for 2014. Date the budget simply ?201 4? and denote the beginning and ending cash balances as ?beginning? an


d ?ending.? Assume the company expects 2014 to be the same as 2013, but with the following changes: a. In 2014, the company expects a 20% increase in collections from cust omers and a 30% increase in purchases of inventory. b. There will be no sales of investments in 2014. c. Wang does not plan to issue stock in 2014. d. Wang plans to end the year with a cash balance of $5,550. ************************************************************

ACCT 504 Course Project Analysis of Nike, Inc. and Under Armour, Inc. For more course tutorials visit

www.tutorialrank.com Course Project: A Financial Statement Analysis A Comparative Analysis of Nike, Inc. and Under Armour, Inc.

Below is the link for the financial statements for Nike, Inc. for the fiscal year ending 2014. First, select 2014using the drop-down arrow labeled Year, and then select Annual Filings using the drop-down arrow labeled All.

You should select the 10k dated 7/15/2014,and choose to download in PDF, Word, or Excel format.


http://investors.nike.com/investors/news-events-andreports/?toggle=filings

Below is the link for the financial statements for Under Armour, Inc. for the fiscal year ending 2014. First, select Annual using the drop-down arrow labeled View, and then select 2015 using the drop-down arrow labeled Year.

You should select the 10k dated 2/20/2015, and choose to download it in PDF or Excel format.

http://www.uabiz.com/sec.cfm

A sample project template is available for download from the Course Resources page’s Course-Specific Resources section.The sample project compares the ratio performance of Tootsie Roll and Hershey using the 2014 financial statements of Tootsie Roll and Hershey provided at their websites.

Description


This course contains a Course Project, where you will be required to submit one draft of the project at the end of Week 5, and the final completed project at the end of Week 7. Using the financial statements for Nike, Inc. and Under Armour, Inc.,respectively, you will calculate and compare the financial ratios listed further down this documentfor the fiscal year ending 2014, and prepare your comments about the two companies’performancesbased on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in Week 7, and one grade will be assigned for the entire project.

Overall Requirements

For the Final Submission:

Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this project. 1. A Completed Worksheet Title Page tab, which is really a cover sheet with your name, the course, the date, your instructor’s name, and the title for the project. 2. A CompletedWorksheetProfiles tab which contains a oneparagraph description regarding each company with information about their history, what products they sell, where they are located,and so forth. 3. All 16 ratios for each company with the supporting calculations and commentary on your Worksheet Ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different


cell.The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio.You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios.You need to specifically state which company performed better for each ratio. 4. The Summary and ConclusionsWorksheet tab is an overall comparison of how each company compares in terms of the major category of ratios described in Chapter 13 of your textbook.A nice way to conclude is to state which company you think is the better investment and why. 5. The Bibliography Worksheet tab must contain at least your textbook as a reference. Any other information that you use to profile the companies should also be cited as a reference. Required Ratios for Final Project Submission 1.

Earnings per Share of Common Stock

2.

Current Ratio

3.

Gross (Profit) MarginPercentage

4.

Rate of Return (Net Profit Margin) on Sales

5.

Inventory Turnover

6.

Days’ Inventory Outstanding (DIO)

7.

Accounts Receivable Turnover

8.

Days’ Sales Outstanding (DSO)

9.

AssetTurnover

10.

Rate of Return on Total Assets (ROA)


11.

Debt Ratio

12.

Times-Interest-Earned Ratio

13. Dividend Yield[For the purposes of this ratio, use Yahoo Finance to look up current dividend per share and stock price; just note the date that you looked up this information.] 14.

Rate of Return on Common Stockholders’ Equity (ROE)

15.

Free cash flow

16. Price-Earnings Ratio (Multiple) [For the purpose of this ratio, for Nike, use the market price per share on May 30, 2014,and for Under Armour, use the market price per share on December 31, 2014.] The Excel files uploaded in the Dropboxes should not include any unnecessary numbers or information (such as previous years' ratios, ratios that were not specifically asked for in the project, etc.). ************************************************************

ACCT 504 Course Project Oracle and Microsoft Corporation For more course tutorials visit

www.tutorialrank.com Course Project Financial Statement Analysis Project -- A Comparative Analysis of Oracle Corporation and Microsoft Corporation Here is the link for the financial statements for Oracle Corporation for the fiscal year ending 2007. First, select 2007 using the drop-down


arrow labeled for Year on the right-hand side of the page, and then select Annual Reports using the drop-down arrow labeled Filing Type on the left-hand side of the page. You should select the 10k dated 6/29/2007 and choose to download in PDF, Word, or Excel format. http://www.oracle.com/us/corporate/investor-relations/sec/index.html Here is the link for the financial statements for Microsoft Corporation for the fiscal year ending 2007. You should select the Annual report dated 8/3/2007 and choose to download in Word or Excel format. http://www.microsoft.com/investor/SEC/default.aspx?year=2007 A sample Project template is available for download in Doc Sharing. The sample project compares the ratio performance of Tootsie Roll and Hershey using the 2007 financial statements of Tootsie Roll and Hershey provided in Appendix A and Appendix B of your textbook. Description | Overall Requirements | Grade Information Description This course contains a course project where you will be required to submit one draft of the project at the end of Week 5 and the final completed project at the end of Week 7. Using the financial statements for Oracle Corporation and Microsoft Corporation, respectively, you will calculate and compare the financial ratios listed further down this document for the fiscal year ending 2007 and prepare your comments about the liquidity, solvency and profitability of the two companies based on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in week 7 and one grade will be assigned for the entire project.


Overall Requirements

For the Final Submission: Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this Project. 1. A completed worksheet title page tab which is really a cover sheet with your name, my name, the class name, and the date. 2. A completed worksheet profiles tab which contains a one paragraph description regarding each company with information about their history, what products they sell, where they are located etc. 3. All 18 ratios for each company with the supporting calculations and commentary on your worksheet ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different cell. The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio. You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios. 4. The Summary and Conclusions worksheet tab which is an overall comparison of how each company compares in terms of the major category of ratios (Liquidity, Profitability, and Solvency). 5. The Bibliography worksheet tab must contain at least your textbook as a reference. Any other information you use to profile the companies should also be cited as a reference.


Required Ratios for Final Project Submission: 1.

Earnings per Share

2.

Current Ratio

3.

Gross Profit Rate

4.

Profit Margin Ratio

5.

Inventory Turnover Ratio

6.

Days in Inventory

7.

Receivables Turnover Ratio

8.

Average Collection Period

9.

Asset Turnover Ratio

10.

Return on Assets Ratio

11.

Debt to Total Assets Ratio

12.

Times Interest Earned Ratio

13.

Payout ratio

14.

Return on Common Stockholders' Equity Ratio

15.

Free Cash Flow

16.

Current Cash Debt Coverage Ratio

17.

Cash Debt Coverage Ratio

18. Price/Earnings Ratio [For the purpose of this ratio, use the market price per share on June 1, 2007 for each company]


The Excel files uploaded to the Dropbox should not include any unnecessary numbers or information (such as previous years' ratios, ratios that were not specifically asked for in the project, etc.). Please upload your final submission to the Dropbox by the end of Week 7. See Syllabus/"Due Dates for Assignments & Exams" for due date information. For the Draft: Create an Excel spreadsheet or use the Project template to show your computations for the first 12 ratios listed above. The more you can complete regarding the other requirements the closer you will be to completion when Week 7 arrives. Supporting calculations must be shown either as a formula or as text typed into a different cell. If you plan on creating your own spreadsheet, please follow the format provided in the Tootsie Roll and Hershey template file. Please upload your draft submission to the Dropbox by the end of Week 5. See Syllabus/"Due Dates for Assignments & Exams" for due date information. ************************************************************

ACCT 504 Entire Course (Includes All DQs, Project, Case Study, Midterm, Final) For more course tutorials visit

www.tutorialrank.com ACCT 504 Week 1-7 All Discussion Questions ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation


ACCT 504 Week 4 Midterm Exam Set 1 ACCT 504 Week 4 Midterm Set 2 ACCT 504 Week 4 Midterm Set 3 ACCT 504 Week 5 Case Study 2 Internal Control - LJB Company ACCT 504 Week 5 Course Project Draft Spreadsheet ACCT 504 Week 6 Case Study 3 - Cash Budgeting - LBJ Company ACCT 504 Week 7 Course Project JCP Kohls ACCT 504 Final Exam (3 different finals) ************************************************************

ACCT 504 Final Exam (3 different finals) For more course tutorials visit

www.tutorialrank.com 1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5) Reduced legal liability for investors Harder to transfer ownership Lower taxes Most common form of organization

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ACCT 504 Inspiring Innovation- tutorialrank.com  

For more course tutorials visit www.tutorialrank.com Case Study 1 (Part A) Analyze the impact of business transactions on accounts; record (...

ACCT 504 Inspiring Innovation- tutorialrank.com  

For more course tutorials visit www.tutorialrank.com Case Study 1 (Part A) Analyze the impact of business transactions on accounts; record (...

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