Category: Accounting

Instructions
Complete requirements 1 through 3 of Jane’s Skateboards for the first milestone of the course project. You have the option of using either the T-Accounts tab for posting Journal Entries or the General Ledger tab.
You will use the Excel Project Template for Jane’s Skateboards attached below.
DO NOT change the Excel template drop-down menus or formulas that are already in the template.
You should watch the videos in the Content tab above, under Week 2, to assist you in preparing this assignment.
Save your file as “LastnameFirstinitial-ACCT105-M1.”
Submit your work by midnight ET on Day 7 (Sunday).
**NOTE: Please make sure you review the instructions in the Excel template, so you do not miss any requirements. Again, DO NOT change the Excel template format, drop-down menus, or formulas that are already in the template.
Your homework exercises/problems will be evaluated according to the following Homework Problems Grading:
GradeHomework Problems Grading Criteria
90-100%
Assigned exercises/problems are completed in full.
Work demonstrates effective application of the concepts/principles covered in the chapter.
Work thoroughly explains answers and calculations.
Solutions are calculated with no errors or insignificant errors.
80-89%
Assigned exercises/problems are completed in full or are significantly complete.
Work demonstrates effective application of most concepts/principles covered in the chapter.
Work thoroughly explains most answers and calculations.
Solutions are calculated with insignificant errors.
70-79%
Assigned exercises/problems are mostly complete.
Work demonstrates effective application of some concepts/principles covered in the chapter.
Work explains some answers and calculations.
Solutions are calculated with significant errors.
60-69%
Assigned exercises/problems are fairly complete.
Work demonstrates effective application of a few concepts/principles covered in the chapter.
Work explains a few answers and calculations.
Solutions are calculated with significant errors.
0-59%
Assigned exercises/problems are less than 50% complete.
Work does not demonstrate effective application of the concepts covered in the chapter.
Work submitted does not thoroughly explain answers and calculations.
Solutions are not calculated or are calculated with significant errors.

FIN 320 Final Project Business Options List
Choose one of the following businesses to use for your final project. You’ll also use this business in Final
Project Milestone One and Final Project Milestone Two.
Business Options
• Johnson and Johnson (JNJ) 
• Meta Platforms Inc. (META) 
• Tesla (TSLA) 
• Microsoft (MSFT) 
• Chipotle Mexican Grill (CMG)  
Overview
This milestone is the first in a series of connected assignments leading up to your Final Project. In Milestone One, you’ll analyze and evaluate a business’s financial health and recommend financing options that can improve it. Use the Final Project Business Options List to choose the business that you’ll examine in your Final Project. 
Then use Mergent ( https://www-mergentonline-com.ezproxy.snhu.edu/basicsearch.php )
Online to locate the latest quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement.
Scenario
The CFO of your company has asked for your support in preparing a report for the business’s board of directors. Many of the board members are new, and some of them have little background in finance. With this in mind, you will need to write a report that all board members can easily understand.
Directions
Write a short paper that introduces the business you chose for your final project.
Specifically, you must address the following rubric criteria:
Business Selection: Select a company from the Final Project Business Options List and describe the business you chose, including the business name and what the business offers consumers.
Financial Statements: Using Mergent Online, look up the balance sheet, the income statement, and the cash flow statement for the latest fiscal quarter for the business you chose. Use these statements to accurately report the following values:
Total assets
Total liabilities
Current assets
Current liabilities
Net income
Shares outstanding
Earnings per share (EPS)
Total revenue
Shareholders’ equity
Financial Statement Role: Explain why financial statements are important to a business and how they help a business determine its financial health.
Cash Flow Management: Use a financial news story from the past two months as an example to explain why cash flow management is important to a business and its financial health.
What to Submit
Your submission should be a 4- to 5-paragraph Microsoft Word document with 12-point Times New Roman font, double spacing, and one-inch margins. All sources should be cited using APA style. Include the Balance Sheet and Income Statement from Mergent Online with your submission.

For this discussion, think about your personal experience with the topics along with the material covered in this module. 
Instructions:
This module discusses the different types of costs that are found in different types of businesses and how they are applied to jobs. Discuss all of the following:
The flow of costs from raw materials to cost of goods sold (the flow all the way through the production process until they are sold to a customer) in a manufacturing organization.  
How the cost flows differ in a depending on the type of business (retail organizations, service organizations, and manufacturing organizations). 
How costs flow in your organization based on your understanding of the material. 
Optional Additional Videos of Examples:
1. Direct vs. Indirect Costs: 
Source: Accounting University.  (2017).  What is a Direct Cost vs. Indirect Cost?  Retrieved from: https://youtu.be/PT4zQYdQIz4
2. Job vs. Process Costing: 
Source: ProfAlldredge. (2015).  Managerial Accounting: Job vs. Process Costing.  Retrieved from:https://youtu.be/YkiQbR4BO5ELinks to an external site.
3. Allocating overhead using a predetermined overhead rate
Source: Ingram, K. (2013).  Allocating Overhead Using a Predetermined Overhead Rate.  Retrieved from: https://youtu.be/L0B2UDwmBoM

Write a 4-6 page paper responding to Review Questions 1-1 through 1-4.  Use the book as your primary resource, but also include at least two other sources that support these foundational concepts.  
What is the goal of the firm and, therefore, of managers and employees? Discuss how one measures the achievement of this goal. 
For what three main reasons is profit maximization potentially inconsistent with wealth maximization? 
What is risk? Why must financial managers consider risk as well as return when they evaluate a decision alternative or action? 
Is maximizing shareholder wealth inconsistent with having concern for the welfare of a firm’s other stakeholders? 
Please use Times New Roman, 12 pt font, and ‘Normal’ (1”) margins 
Papers should always include: 
Introduction Paragraph-this introduces the topic being discussed 
Body-this includes the assignment-specific components  
Conclusion-this summarizes the main points of the paper 

need help answering Q2, Q3, Q4 for a corporate finance class, I already started working on Q1, just need help on Q1-Q4

Overview
You are the accountant for ACC KarParts, a thriving company that makes auto parts. You oversee all accounting functions within the company. Quinn, your supervisor, has informed you that if the company’s profits grow by 30% this year, you will receive a $30,000 bonus, and she will receive a $60,000 bonus. No bonuses will be awarded if profit growth is less than 30%. Near the end of this fiscal year, the two of you have the following conversation:
Quinn: We are getting close to 28% profit by the end of this year. If this happens, neither you nor I will get any bonus. What can be done to reach our target and get our bonus?
You: There is nothing we can do to reach 30% profit this year. However, we can plan to reach that target next year.
Quinn: If we claim some of next year’s revenue as part of the current year, you will get your bonus, I will get mine, and the investors will be happier. Therefore, everybody will be happy.
You: Uh, Quinn, that would be an unethical action.
Quinn: We are simply moving revenue from one period to another. We are not faking the revenue transactions.
As an accountant, what would you do in this situation?
Instructions
Write a 2–3 page report explaining to Quinn why you can’t move revenue from one period to another. In the report:
Explain the importance of ethics in accounting.
Apply ethical principles and professionalism to the case at ACC KarParts.
Based on generally accepted accounting principles, recommend at least three acceptable legal alternatives to meet company goals.
Use three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library, or review library guides.
Evaluate a business’s accounting system for compliance with accounting principles, regulations, and ethical business practices.

Week 2 – Discussions 1
Prior to beginning work on this discussion forum, read
Chapters 6 and 7 in the course textbook.
Audit working papers are an integral part of an examination
in accordance with generally accepted auditing standards. Address the following
in your discussion post:
·       
Describe three major
functions of the audit working papers.
·       
Distinguish between the
permanent working paper file and the current working paper file.
·       
Outline at least three
functions of audit working papers.
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 2 – Discussions 2
Prior to beginning work on this discussion forum, read
Chapters 6 and 7 in the course textbook.
As a part of the planning process, auditors develop an
audit strategy, an audit plan, and a time budget. Address the following in your
discussion post:
·       
Describe an audit
strategy and explain its purpose.
·       
Describe an audit plan
and explain its purpose.
·       
Describe a time budget
and explain its purpose.
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.

Overview
This milestone is the first in a series of connected assignments leading up to your Final Project. In Milestone One, you’ll analyze and evaluate a business’s financial health and recommend financing options that can improve it. Use the Final Project Business Options List to choose the business that you’ll examine in your Final Project. Then use Mergent Online to locate the latest quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement.
Scenario
The CFO of your company has asked for your support in preparing a report for the business’s board of directors. Many of the board members are new, and some of them have little background in finance. With this in mind, you will need to write a report that all board members can easily understand.
Directions
Write a short paper that introduces the business you chose for your final project.
Choose one of the following businesses to use for your final project. You’ll also use this business in Final
Project Milestone One and Final Project Milestone Two.
Business Options
• Johnson and Johnson (JNJ)
• Meta Platforms Inc. (META)
• Tesla (TSLA)
• Microsoft (MSFT)
• Chipotle Mexican Grill (CMG)  
Specifically, you must address the following rubric criteria:
Business Selection: Select a company from the Final Project Business Options List and describe the business you chose, including the business name and what the business offers consumers.
Financial Statements: Using Mergent Online, look up the balance sheet, the income statement, and the cash flow statement for the latest fiscal quarter for the business you chose. Use these statements to accurately report the following values:
Total assets
Total liabilities
Current assets
Current liabilities
Net income
Shares outstanding
Earnings per share (EPS)
Total revenue
Shareholders’ equity
Financial Statement Role: Explain why financial statements are important to a business and how they help a business determine its financial health.
Cash Flow Management: Use a financial news story from the past two months as an example to explain why cash flow management is important to a business and its financial health.
What to Submit
Your submission should be a 4- to 5-paragraph Microsoft Word document with 12-point Times New Roman font, double spacing, and one-inch margins. All sources should be cited using APA style. Include the Balance Sheet and Income Statement from Mergent Online with your submission.

Module 02 Content
XYZ Inc. has issued a 30-year bond with a 6% coupon rate. If the market is yielding 7%, what is the current selling price of the bond?
XYZ Inc. has issued a 30-year bond that pays semiannually with a 6% coupon rate. If the market is yielding 8%, what is the current selling price of the bond?
XYZ Inc. has issued a 15-year bond that pays quarterly with a 4% coupon rate. If the bond is selling for $950, what is the future value of the bond?
XYZ Inc. has issued a 30-year bond with a coupon rate of 8%, the future value of $1000, and a market rate of 9%. What is the current market price for the bond?
XYZ Inc. has issued a 30-year bond with a selling price of $950 and a coupon payment of $100. What is the return on the bond?

Discuss what you believe is the most important difference in how cost allocation differs in service and manufacturing departments of a company.