Financial Accounting

You have a small tax accounting preparation and bookkeeping practice. A new clie

You have a small tax accounting preparation and bookkeeping practice. A new client enters your office and places a box of receipts and bank statements on your desk and says that s…

You have a sole-proprietorship merchandizingbusiness dealing with photography eq

You have a sole-proprietorship merchandizingbusiness dealing with photography equipments. The business wasestablished 3 years back and had an average annual turnover of $50,000. H…

You have a trust fund that will pay you $1 million exactly ten years from today.

You have a trust fund that will pay you $1 million exactly ten years from today. You want cash now, so you are considering an opportunity to sell the right to the trust fund to an…

You have a trust fund that will pay you $1 million exactly ten years from today.

You have a trust fund that will pay you $1 million exactly ten years from today. You want cash now, so you are considering an opportunity to sell the right to the trust fund to an…

You have a winning $1,000,000 ticket in the state lottery. You hurry down to the

You have a winning $1,000,000 ticket in the state lottery. You hurry down to the lottery office and ask for your million dollars. Somewhat surprised you are told that your winning…

You have accumulated $8,000 and are looking for the best rate of return that can

You have accumulated $8,000 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 6%. A one-year bank certificate of d…

You have agreed to audit a privately held company that manufactures athletic sho

You have agreed to audit a privately held company that manufactures athletic shoes. You are the owner of a cpa firm that employs a staff of 10. They have been in business for 5 ye…

You have also been asked to give management a recommendation on whether the comp

You have also been asked to give management a recommendation on whether the company should switch from process costing to activity-based costing (ABC) This is an exploratory discu…

You have an opportunity to purchase the Waiting Line Cafe, a busy shop near your

You have an opportunity to purchase the Waiting Line Cafe, a busy shop near your office. The owner is asking $80,000. After satisfying yourself as to the accuracy of the firm's pa…

You have approached your local bank for a start-up loan commitment for $440,000

You have approached your local bank for a start-up loan commitment for $440,000 needed to open a computer repair store. You have requested that the term of the loan be one year. Y…

You have been acting as a tax agent for a married couple for many years. They ar

You have been acting as a tax agent for a married couple for many years. They are jointly involved in a business. They have recently been divorced and you are preparing their indi…

You have been approached by your friend, jessica, who is thinking about opening

You have been approached by your friend, jessica, who is thinking about opening a toy store in the High Street. Jessica’s mother, Margaret, is willing to invest £20,000 in the bus…

You have been approached by your friend, jessica, who is thinking about opening

You have been approached by your friend, jessica, who is thinking about opening a toy store in the High Street. Jessica’s mother, Margaret, is willing to invest £20,000 in the bus…

You have been approached to prepare an analysis of Timon Incorporated. Your clie

You have been approached to prepare an analysis of Timon Incorporated. Your clients represent four of Timon's stakeholder groups: 1. Short-term trade creditors; 2. Long-term credi…

You have been asked by a client to review the records of Pina Company, a small m

You have been asked by a client to review the records of Pina Company, a small manufacturer of precision tools and machines. Your client is interested in buying the business, and …

You have been asked by an investor to value a restaurant. Last year, the restaur

You have been asked by an investor to value a restaurant. Last year, the restaurant earned pretax operating income of $ 300,000. Income has grown 4% annually during the last five …

You have been asked by management to explain the variances in costs under your i

You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Budget Actual Inpatient Costs $12,568,…

You have been asked by the CFO of the company where you work or previously worke

You have been asked by the CFO of the company where you work or previously worked to evaluate the use of a professional service organization for processing the company’s payroll. …

You have been asked by the board of the local hockey club to review its accounti

You have been asked by the board of the local hockey club to review its accounting procedures. You have made the following observations in regards to cash collected for annual due…

You have been asked by the board of trustees of a local church to review its acc

You have been asked by the board of trustees of a local church to review its accounting procedures. As part of this review you have prepared the following comments relating to the…

You have been asked by the president of your company to evaluate the proposed ac

You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $420,000. The truck falls into the MACRS 5-year class,…

You have been asked to analyse the following portfolio of shares. The owner is w

You have been asked to analyse the following portfolio of shares. The owner is wondering whether the return received is sufficient to justify the risks associated with each share.…

You have been asked to assist the management of Ironwood Corporation in arriving

You have been asked to assist the management of Ironwood Corporation in arriving at certain decisions. Ironwood has its home office in Michigan and management provided you a proje…

You have been asked to calculate the Return on Investment (ROI) for a project wh

You have been asked to calculate the Return on Investment (ROI) for a project whose development will be accomplished during a single calendar year with the go-live date of Jan 1st…

You have been asked to determine present present value of the future cash flow.

You have been asked to determine present present value of the future cash flow. Use a present the amount of cash that Daisy's friend should give her. the result you determined in …

You have been asked to do the bookkeeping for KidKare Inc. for the last few days

You have been asked to do the bookkeeping for KidKare Inc. for the last few days of December while their regular bookkeeper is ill. KidKare Inc. began operations on July 1, 2011. …

You have been asked to estimate the value of General Communications, a telecomm

You have been asked to estimate the value of General Communications, a telecomm firm. General Communications has a debt to capital ratio of 30%, a beta of 1.10 and a pre-tax cost …

You have been asked to help a local company evaluate a major capital expenditure

You have been asked to help a local company evaluate a major capital expenditure. The company is a new internet company and must buy a large computer system which will generate ad…

You have been asked to help a local company evaluate a major capital expenditure

You have been asked to help a local company evaluate a major capital expenditure. The company is a new internet company and must buy a large computer system which will generate ad…

You have been asked to help your classmate, who was just offered a professional

You have been asked to help your classmate, who was just offered a professional volleyball contract, with selecting her choice of contract offers. The first offer pays her $1 mill…

You have been asked to join the board of a large corporation. From what you lear

You have been asked to join the board of a large corporation. From what you learned in this week’s module, what would be some of the questions that you should ask and what are the…