Category: Accounting

Situations and financial projections in companies are constantly changing. The effects of global events can impact valuations on companies over time. For example, in some cases, the pandemic has caused substantial issues in financial projections, either in a positive or negative manner. 
Analyze each post and what did you learn from each post? Post a cohesive response.
Post 1:
One of the companies that were highly affected by consumer demand due to the pandemic was Hilton. Hilton went from being the number 1 best company to work for to in the U.S. to weeks later, having to furlough thousands of its employees. This is because of the pandemic lockdown, people were not traveling and staying away from home. This negatively affected Hilton in its financials. Hilton not only lost from people not renting rooms but they also lost from their restaurant and bar departments. As a result, Hilton stopped operations in 275 properties across the United States and Europe. Other companies such as pharmaceutical companies were favored by the pandemic and consumer demand. 
Post 2:
After considering the positive impact of pandemic and public demand for transportation industry, I selected FedEx because the high demand for deliveries increased FedEx’s revenues during pandemic. FedEx does not only deliver residential packages but business packages for retail companies such as Walmart, Costco, and Shoprite. Furthermore, the average daily package volume increased for FedEx Ground, which handles e-commerce deliveries for retailers like Walmart. The volume for residential and business deliveries increased as clients placed a lot of online orders such as office furniture, food, clothing, and equipment to keep their social distance. These higher profits attracted more investors as EPS was higher and investors were willing to pay more for the company’s shares. FedEx was able to minimize its costs and invest in things like automated sorting centers and route optimization. Route optimization saved fuel because residential deliveries were higher and delivery drivers were not spread out. FedEx also spent $565 million in 2020 on fuel which is 35% less than a year earlier in 2019. However, as of 2024, the demand for FedEx packages had decreased because there are other competitors such as UPS and Amazon. Additionally, many customers now prefer to buy in person. In my opinion, Fedex is a good example of how the pandemic affected positively its higher revenue, investment and cost minimization. 
Post 3: As we all know, there were millions of companies that were impacted by the pandemic and experienced changes in consumer demand. But a known, and a popular one is Delta Air Lines.
The airline industry was heavily impacted by the pandemic, and Delta Air Lines was no exception. Due to travel restrictions, lockdowns, and reduced consumer confidence, Delta and other airlines faced a significant decline in passenger demand. The company had to cancel flights, ground aircraft, and implement cost-cutting measures to mitigate the financial impact. Delta also had to adapt its operations to ensure passenger safety and comply with health protocols, such as implementing enhanced cleaning procedures and requiring masks. The ability of companies to adapt and respond to these changes in consumer behavior played a crucial role in their performance and resilience during these challenging times. 
Post 4: The COVID-19 pandemic taught Bed Bath & Beyond and other retailers important lessons about how to deal with changes in customer behavior and the economy. Even while demand for home goods increased, the pandemic made the company’s challenges from online merchants and the customer’s move toward digital purchasing even stronger. Regretfully, this change was not beneficial to Bed Bath & Beyond because of its restricted online capabilities.
The restructuring and capital-raising attempts of the corporation were inadequate due to declining finances, as shown by significant operational losses. By April 2023, Bed Bath & Beyond was in serious financial trouble, resulting in bankruptcy. Its association with stock dealers made matters more difficult by instabilizing the price of its shares while ignoring the more serious business problems. Later, as the shares of the company approached zero after bankruptcy, it was eliminated.
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You can begin the post, by saying “after anayzlzing each post….”
No sources are require since the posts are being analyze. 

I need the excel worksheet done and the questions answered in the case study story.  We use Pearson MYLAB and Mastering, but only students can access this.  

Using the T accounts (from the answer key), prepare the following financial statements for the year ending 12/31/2021:
Income Statement
Statement of Changes in Net Assets
Balance Sheet

Accounting case study filling out a spreadsheet with calculations based on other information in spreadsheet. 

Week 1 – Discussion 1
Prior to beginning work
on this discussion forum, read Chapters 3 and 5 in the course textbook.
The Sarbanes-Oxley Act
of 2002 placed significant restrictions on the types of consulting that may be
performed by auditors for public companies. Address the following in your
discussion post:
·        
Briefly explain why these restrictions were put into place.
·        
List four types of services that are prohibited by the act.
·        
List three types of general consulting activities that
would impair the auditor’s independence based on the American Institute of
Certified Public Accountants (AICPA) Code of Professional Conduct.
Write: Make
sure your response is more than 200 words and that you include an in-text
citation or a brief quote from the reading material where appropriate. You may
find the Writing Center’s APA: Citing Within Your PaperLinks to an external site. resource helpful in
citing your sources.
Week 1 – Discussion 2
Prior to beginning work
on this discussion forum, read Chapters 3 and 5 in the course textbook.
Analytical procedures
are substantive procedures that may be used to provide evidence about specific
accounts and classes of transactions. Address the following in your discussion
post:
·        
Explain the different types of analytical procedures.
·        
Describe three major types of comparisons the auditor might
make in performing analytical procedures.
·        
At what stages of the audit are analytical procedures
performed, and what purpose do they serve at each stage?
Write: Make
sure your response addressing the questions is more than 200 words and that you
include an in-text citation or a brief quote from the reading material where
appropriate. You may find the Writing Center’s APA: Citing Within Your PaperLinks to an external site. resource helpful in
citing your sources.

The question/problem due this week is a case study worth 40 points:
Case 5-2 (page 152) – Heirloom Photo Plans: Answer the four questions at the end of the case.
Submit your assignment in a Word file upload.
I will upload the questions in the Upload sections. 

please avoid using Al or any other sources that write the case because the school system will dedicate it. Also, use the excel sheet attach and apply it to the required case. I want to see the draft before completing the project

15 Questions pertaining to the below chapter and topucs in Accounting. 
Excel will be provided with questions to answer. 
Ch 7 Accounting Information Systems
7.2 Subsidiary Ledgers
7.3 Special Journals
Ch 9 Accounting for Receivables
9.1 Recognition of Accounts Receivable
9.2 Valuation and Disposition of Accounts Receivable
9.4 Presentation and Analysis of Receivables
9.5 A Look at IFRS
Ch 10 Plant Assets, Natural Resources, and Intangible Assets
10.1 Plant Asset Expenditures
10.2 Depreciation Methods
10.5 Statement Presentation and Analysis
Ch 13 Corporations: Organization and Capital Stock Transactions
13.2 Accounting for Stock Issuances
13.3 Statement Presentation of Stockholders’ Equity
Ch 14 Corporations: Dividends, Retained Earnings, and Income Reporting
14.2 Reporting and Analyzing Stockholders’ Equity
14.3 Corporate Income Statements

“Analyzing Financial Statements: Understanding Profitability, Liquidity, and Solvency Ratios for Business Performance Assessment”

Qualitative Analysis (Word required): Prepare a 2-3 page summary addressing the required qualitative analysis, as noted in the Student Workbook.  Your paper is required to be formatted according to APA requirements.  Be sure to incorporate key concepts from this week’s readings and properly cite your references according to APA requirements.  Do NOT embed the results of your quantitative analysis in your Word document.  You should only reference parts of your quantitative analysis in your written analysis.  Your written responses to the qualitative prompts should not be presented in a question and answer format.
some of the key words to use are cost classifications: sunk cost, differential cost, oppotunity cost and others. Cost Behaviors etc
Also, below I have attached the quantitative analysis. Please read the instructions very carefully.