Financial Accounting

You are an accountant at RTB, a private company specializing in software design.

You are an accountant at RTB, a private company specializing in software design. In order to expand the company operations, RTB invested $1 million to purchase 100% of Fleck Compa…

You are an accountant at RTB, a private company specializing in software design.

You are an accountant at RTB, a private company specializing in software design. In order to expand the company operations, RTB invested $1 million to purchase 100% of Fleck Compa…

You are an accountant for ABC Corporation, currently a privately-held corporatio

You are an accountant for ABC Corporation, currently a privately-held corporation. To finance a future expansion with the potential of becoming a publicly-traded corporation, the …

You are an accountant for Graham Ltd, a manufacturing company of soft drinks. Yo

You are an accountant for Graham Ltd, a manufacturing company of soft drinks. You are provided the following information to prepare monthly cash budgets for the two months of Marc…

You are an accountant in a medium-sized manufacturing company. You have been ask

You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department. 1. Explain why adjusting…

You are an accountant in a medium-sized manufacturing company. You have been ask

You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department. Explain why adjusting en…

You are an accountant in the budgetary, projections, and special projects depart

You are an accountant in the budgetary, projections, and special projects department of American Conductor, Inc., a large manufacturing company. The president, William Brown, asks…

You are an accountant in the budgetary, projections, and special projects depart

You are an accountant in the budgetary, projections, and special projects department of Fernetti Conductor, Inc., a large manufacturing company. The president, Richard Brown, asks…

You are an accountant working at Hasfa & Co. George Maranzan, a partner in your

You are an accountant working at Hasfa & Co. George Maranzan, a partner in your firm, leaves you the following voicemail message: "The scheduling manager tells me you have som…

You are an accounting intern working for SpringFit Corporation. You have recentl

You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You …

You are an accounting intern working for SpringFit Corporation. You have recentl

You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You …

You are an accounting intern working for SpringFit Corporation. You have recentl

You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You …

You are an accounts-payable clerk at a small contractor. A site supervisor submi

You are an accounts-payable clerk at a small contractor. A site supervisor submitted an invoice requesting immediate payment to a new vendor for materials he states were delivered…

You are an accounts-payable clerk at a small contractor. A site supervisor submi

You are an accounts-payable clerk at a small contractor. A site supervisor submitted an invoice requesting immediate payment to a new vendor for materials he states were delivered…

You are an assistant in the accounting department of Hasher Electronics, a small

You are an assistant in the accounting department of Hasher Electronics, a small electronics retailer. Hasher has a loan that requires the company to maintain a minimum cash balan…

You are an assistant to the CFO of Organic Markets. Organic Markets is a fast gr

You are an assistant to the CFO of Organic Markets. Organic Markets is a fast growing national supermarket chain, and is evaluating growth opportunities overseas. The CFO is looki…

You are an audit manager of Pink Partners & Co (Pink) and are planning the audit

You are an audit manager of Pink Partners & Co (Pink) and are planning the audit of Golden Finance Co (Golden), a banking institution which provides a range of financial servi…

You are an audit partner with R David & Associates, a large and experienced audi

You are an audit partner with R David & Associates, a large and experienced audit firm. You have been approached to accept the audit of Darwin Pharmaceuticals Pty Ltd (DPPL), …

You are an audit senior for Burns & Allen, LLP. One of the audit partners receiv

You are an audit senior for Burns & Allen, LLP. One of the audit partners received a call from Brenda Parker, CFO of a publicly traded client, Toys For U (“Toys”). Toys is a r…

You are an audit senior of Hessonite & Co and are in the process of reviewing th

You are an audit senior of Hessonite & Co and are in the process of reviewing the inventory system documentation for your audit client, Lemon Quartz Co (Quartz) which manufact…

You are an auditor assigned to XYZ’s Company’s annual audit. The company has not

You are an auditor assigned to XYZ’s Company’s annual audit. The company has not reported an item because management’s assertion is that the item is immaterial. You may agree or d…

You are an auditor on a client that has been a long-time customer of your firm.

You are an auditor on a client that has been a long-time customer of your firm. As a first year staff member you are assigned to audit the PPE sections of the books. You notice th…

You are an eager and ambitious young graduate of the Reginal F. Lewis College of

You are an eager and ambitious young graduate of the Reginal F. Lewis College of Business at Virginia State University with a new Accounting degree and a great life ahead of you. …

You are an economist for the Vanda-Laye Corporation, which produces and distribu

You are an economist for the Vanda-Laye Corporation, which produces and distributes outdoor cooking supplies. The company has come under new ownership and management and will be u…

You are an investment banker trying to value Dell, a private company. You have f

You are an investment banker trying to value Dell, a private company. You have forecasted Dell's free cash flows, but need to compute its WACC in order to value the firm. Unfortun…

You are an investor who has bought the B piece of a CMBS deal that has 10% credi

You are an investor who has bought the B piece of a CMBS deal that has 10% credit support. The pool is comprised of 20 IO loans, each with a balance of $1,000,000 and an interest …

You are an managerial accountant for Blackmore Industries, and you are preparing

You are an managerial accountant for Blackmore Industries, and you are preparing the 2018 budget. Consider the following information, and prepare the required budgets according to…

You are an managerial accountant for Blackmore Industries, and you are preparing

You are an managerial accountant for Blackmore Industries, and you are preparing the 2018 budget. Consider the following information, and prepare the required budgets according to…

You are an managerial accountant for Blackmore Industries, and you are preparing

You are an managerial accountant for Blackmore Industries, and you are preparing the 2018 budget. Consider the following information, and prepare the required budgets according to…

You are an managerial accountant for Blackmore Industries, and you are preparing

You are an managerial accountant for Blackmore Industries, and you are preparing the 2018 budget. Consider the following information, and prepare the required budgets according to…

You are analyzing two companies that manufacture electronic toys-Like Games Inc.

You are analyzing two companies that manufacture electronic toys-Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new co…

You are answering the question below this sentence NOT the one at the bottom of

You are answering the question below this sentence NOT the one at the bottom of the page Required information [The following information applies to the questions displayed below.]…

You are asked to evaluate the following two projects for Boring Corporation. Use

You are asked to evaluate the following two projects for Boring Corporation. Use a discount rate of 10 percent. Use Appendix B. Project X (DVDs of the Weather Reports) ($58,000…

You are asked to evaluate the following two projects for the Norton Corporation.

You are asked to evaluate the following two projects for the Norton Corporation. Use a discount rate of 14 percent. Use Appendix B. Calculate the profitability index for project X…

You are assigned as a staff auditor for a high growth technology company that is

You are assigned as a staff auditor for a high growth technology company that is in the process of planning for an IPO in 2 – 3 years. You are reviewing the sales of new technolog…

You are assigned the task to establish a PKI entity a. Describe the different co

You are assigned the task to establish a PKI entity a. Describe the different components of your company. b. Describe the process to issue a certificate for a customer c. Describe…

You are assigned to the December 31, 2011, audit of Al Ammon mobiles, Inc. You a

You are assigned to the December 31, 2011, audit of Al Ammon mobiles, Inc. You are assigned to the December 31, 2011, audit of Al Ammon mobiles, Inc. 20-33 (Objective 20-6) You ar…

You are assistant controller of Stamos & Company, a medium-size manufacturer of

You are assistant controller of Stamos & Company, a medium-size manufacturer of machine parts. On October 22, 2017, the board of directors approved a stock option plan for key…

You are attempting to determine whether you are taller or shorter than the avera

You are attempting to determine whether you are taller or shorter than the average student currently enrolled in your university. You have just learned about sampling and have dec…

You are auditing Company XYZ. You learn that last year the company performed poo

You are auditing Company XYZ. You learn that last year the company performed poorly due to high operating expenses and the CEO indicated that if expenses were not significantly re…

You are auditing Deep Clean sServices for the first time. Deep Clean has been in

You are auditing Deep Clean sServices for the first time. Deep Clean has been in business for several years but over the last two years has struggled to stay afloat given the econ…

You are auditing Pell grants provided to students at six state universities. The

You are auditing Pell grants provided to students at six state universities. The Pell grant program is a federal financial aid program for college students. The maximum grant a st…

You are auditing the December 31, 2017,financial statements of Atlantic, Inc, ma

You are auditing the December 31, 2017,financial statements of Atlantic, Inc, manufacturer of water toys. During your inspection of the company garage, you discovered that a used …