Create a financial statement for your hypothetical new business venture. In business, accuracy counts, so make sure to check and recheck your numbers before submitting your financial statements. Your grade will be based on the completeness and accuracy of the Income Statement.
Statement of Cost of Goods Sold: Prepare the statement of cost of goods sold in the “COGS” tab of the workbook. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. Income Statement: Use the given revenue data to prepare the “Income Statement” tab table […]
If management is to maximize a firm’s value, it must take advantage of the firm’s strengths and correct its weaknesses. (1) comparing the firm’s performance to that of other firms in the same industry and (2) evaluating trends in the firm’s financial position over time. When you finish this chapter, you should be able to: […]
For this assignment, you will take a set of financial reports from a company and try to determine what would happen if something changed within the company. You will identify something you want to change and then try to determine the impact of that change. For example, suppose you want to grow the company’s sales […]
You are an intern in a CPA firm. Your manager walks into your cubicle and says, “One of our clients is thinking about investing in a company. He wants to know how he should account for this investment. Be prepared to discuss it with the client tomorrow.” Company F purchased 40% of the outstanding stock […]
The Cookie Creations case study for Chapter 4 can be found below and also on pp. 4-51 to 4-52 in the textbook. The textbook provides you with the adjusted trial balance, and it is also located below for quick reference. Read the case information, and complete the actions listed below. Natalie had a very busy […]
