ACC 400 Complete This Matrix

ACC 400 Complete This Matrix in $3 OnlyACC 400 Complete

Question:

Complete this matrix by providing at least 2 reasons why you agree with each of the following author’s statements (page 17 of the article).

Support your arguments with at least 125 words for each agreement.

Statement: “In the future, I envision more companies moving toward actual cost systems. Standard cost variance analysis will no longer be required because inventory transactions will be recorded at actual cost.”

I agree because…..

Statement: “This change will free up significant resources in the finance department and will allow costs analysts to function more as a business partner within the organization.”

I agree because…

Statement: “This change will free up significant resources in the finance department and will allow cost analysts to function more as business partners within the organization. “

I disagree because…..

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ACC 400 Final Exam

ACC 400 Final Exam in $15 only

The condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.
Westward Corporation Westward Corporation Balance Sheet Income Statement December 31, 2009 For the Year Ended December 31, 2009

Assets Revenues $2,000,000 Current assets Expenses Cash and temporary Cost of goods sold 1,080,000 investments $ 30,000 Selling and administrative Accounts receivable 70,000 Expenses 495,000 Inventories 120,000 Interest expense 30,000 Total current assets 220,000 Total expenses 1,605,000 Property, plant, and Income before income taxes 395,000 equipment (net) 780,000 Income tax expense 140,000 Total assets $1,000,000 Net income $ 255,000
Liabilities and Stockholders’ Equity Current liabilities $ 80,000 Long-term liabilities 300,000 Common stockholders’ equity 620,000 Total liabilities and stockholders’ equity $1,000,000

Westward Corporation Westward Corporation Balance Sheet Income Statement December 31, 2008 For the Year Ended December 31, 2008

Assets Revenues $2,500,000 Current assets Expenses Cash and temporary Cost of goods sold 1,750,000 investments $ 40,000 Selling and administrative Accounts receivable 90,000 Expenses 500,000 Inventories 150,000 Interest expense 30,000 Total current assets 280,000 Total expenses 2,280,000 Property, plant, and Income before income taxes 220,000 equipment (net) 800,000 Income tax expense 77,000 Total assets $1,080,000 Net income $ 143,000
Liabilities and Stockholders’ EquityCurrent liabilities $ 140,000Long-term liabilities 320,000Common stockholders’ equity 620,000Total liabilities andstockholders’ equity $1,080,000
Select data from fiscal year 2007:
Inventory: $100,000 Total assets: $900,000 Stockholders’ Equity: $540,000

Instructions
1. Compute the following listed ratios for 2009 and 2008 showing supporting calculations. (5.2 points)a. Current ratiob. Debt to total Assetsc. Times interest earnedd. Inventory turnovere. Profit margin ratiof. Return on common stockholders’ equityg. Return on assets
2. Perform horizontal and vertical analysis on Westward’s financial statements, show your results. (3.0 points)
3. Assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above. (5.3 points)
4. If the company wanted to perform industry comparison analysis, what references would you recommend it use? (1.5 points)

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ACC 400 Entire Course With Final Exam Guide

ACC 400 Entire Course With Final Exam Guide in $29 only

ACC 400 Week 1 DQ 1

What is a current asset? What is a non-current asset? What is the difference between the two      types of assets? In which financial statement would you find these assets?

ACC 400 Week 1 DQ 2

What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates? Why?

ACC 400 Week 1 DQ 3

What are internal controls? Why do companies need them? What are some examples of internal controls? Who is responsible for developing internal controls? What are some limitations of internal controls?

ACC 400 Week 1 DQ 4

What are intangible assets? How does a business obtain intangible assets?  What is goodwill?  Why would a business have an account for goodwill?

ACC 400 Week 1 E-text Individual Assignments – Problem Set P7-3B & Exercise E9.4 & Exercise 9.8

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