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Specify your major and identify your career plans. Explain how accounting might help you in your career if you are not planning to be an accountant.
Identify additional social media channels that can be used to enhance their business and profits.
What did the non-compete agreement say and why was it such a big deal that the attorney general of Illinois got involved and sued Jimmy Joh's?
Review the balance sheet for a firm that you either currently work for. What considerations would you have for the business regarding each asset account?
What would be the consequences if KDM Electronics filed a financing statement? Which of these purchases would qualify as a PMSI in consumer goods?
Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Compute the gross margin for FIFO method and LIFO method.
Provide four ratio calculations as well as an analysis, which should be two pages in length.
Which do you feel would be best applied in your current (or a former) place of employment, and why?
Identify a specific consumer product that you or your family have used for quite some time.
Identify a company, business, or organization in your community, and share some examples of current and long-term liabilities for that company.
Prepare the journal entry for the purchase of the oven and the issue of the note payable on November 1, 2020.
Reflecting on this lesson about financial statement analysis, identify five financial ratios that you feel are the most important and why.
Identify the top three processes you feel are needed to make the cookies and prepare a production cost sheet for one of those processes.
What is the amount of cash reported in the two most recent years? For the most recent year, what is the amount of inventory in the balance sheet?
Describe the relationship of management control systems to organizational goals. What is meant by management control systems?
Discuss the legal and ethical aspects of accurately reporting income on tax returns using Circular 230 as published by the Department of Treasury.
Describe and illustrate the objectives and elements of internal control. Describe and illustrate the application of internal controls to cash.
Explain why adjusting entries are necessary at the end of an accounting period. Identify example of an adjusting journal entry for various types of transaction.
Compare the financial ratios with each of the preceding three years (e.g. 2014 with 2013; 2013 with 2012; and 2012 with 2011).
Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is more recommended)
Write 2 to 3 pages memo on discussing our responsibilities for auditing the controls at a service organization, and whether a SSAE 16 report.
How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock?
Compare the tax advantages of debt versus equity capital formation of the corporation for the client.
What is the difference between your running a budget deficit and adding to your own personal debt and the federal government running a budget deficit?
Explain two disadvantages of a SPAN port you might encounter as a forensic investigator. Describe three non-Ethernet protocols Wireshark can capture.