You have been hired by a small business to help with accounting records. A group of non-accounting professionals within your organization approach you with questions they have about these records.
WEEK 1
In Chapters 1 and 2 of the Wild, J., & Shaw, K. (2022) text, you learned about double entry accounting and preparation of financial statements. View the following YouTube videos.
Double Entry Accounting and t-accounts (Debits and Credits). (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://www.youtube.com/watch?v=ib4oipW7QaQ
The Finance Storyteller. (2020). Trial balance vs balance sheet. In YouTube. https://www.youtube.com/watch?v=hzNqPXgMCwA
After viewing the videos, develop your own recorded video with the following scenario in mind:
You have been hired by a small business to help with accounting records. A group of non-accounting professionals within your organization approach you with questions they have about these records. How would you train them on the following:
Brief summary of major concepts found in Chapters 1 and 2
What is a trial balance and what is its purpose?
How is the balance sheet derived from the trial balance?
While you are explaining, provide them with a fictitious numerical example demonstrating each point.
Your recording should be 5 to 7 minutes long and be accompanied by a visual or slide deck.
Week 2
Managerial Accounting Purpose Infographic – CLO 2, CLO 3
Managerial accounting deals with information that is for internal use. It helps managers to control costs, price, and make other relevant decisions. View the following YouTube video about managerial accounting:
ACCT 205 Chapter 1 Managerial Accounting & Cost Concepts. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://www.youtube.com/watch?v=A9r8TuCvlKg
Then, create a graphic organizer or infographic that helps explain:
The purpose of managerial accounting
Accounting concepts useful in classifying costs
Manufacturing activities and the flow of manufacturing costs
Review Tips for Creating Graphic Organizers or Tips for Creating Infographics.
View the Visual Organizer Rubric.
Cost of Goods Assignment- CLO 2, CLO 3
Based on the content covered in Chapter 14 of the Wild, J., & Shaw, K. (2022) text, conduct an analysis of the cost of goods sold in manufacturing and merchandising companies. Students should address the following:
A brief explanation of the differences in calculations made to determine the cost of goods sold in manufacturing vs merchandising companies.
The cost of goods calculations to answer the following problem:
The annual financial data at December 31, 2017, taken from two different companies are shown below:
(a) Compute the “Cost of Goods Sold” section of the income statement at December 31, 2017, for each company. Include the proper title and format in the solution
(b) Write a one-page memorandum to your instructor
(1) identifying the inventory accounts and
(2) describing where each is reported on the income statement and balance sheet for both companies.
Paper should be a total of 3-5 pages including the calculations and the one-page memorandum.
WEEK 3
Discussion Question – CLO 1, CLO 3
In Chapters 18 and 19 of Wild, J., & Shaw, K. (2022) text you learned about cost behavior, cost-volume-profit, and variable costing analysis . View the following YouTube videos
How to Calculate Break Even Points, Contribution Margin, and Target Quantity for a Specific Profit. (n.d.). Www.youtube.com. https://www.youtube.com/watch?v=xNaA-LkA-tY
Absorption vs Variable Costing. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://www.youtube.com/watch?v=VPFDAx04BZM
Once viewed discuss the following with your peers:
What is cost-volume-profit analysis? What are its underlying assumptions and what would you do if assumptions are not met?
How would you compare variable costing and absorption costing using a hypothetical example?
Do research and discuss cost behavior analysis from the company that you work for currently or from a company in your own country? What did you learn in your research?
View the Discussion Question Grading Rubric.
Costing Assignment – CLO 1, CLO 3
Based on the content covered in Week 2 and Chapters 18 and 19 of the Wild, J., & Shaw, K. (2022) text, students learned about cost behavior, cost-volume-profit analysis, and variable costing. Students should address the following:
Describe how use of absorption costing in determining income can lead to overproduction and a buildup of inventory. Explain how variable costing can avoid this same problem.
Apply your knowledge of absorption costing and variable costing to solve the following problem:
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows.
A. Prepare an income statement for the year using variable costing.
B. Prepare an income statement for the year using absorption costing.
C. Under what circumstance(s) is reported income identical under both absorption costing and variable costing?
Paper should be 3-5 pages including the calculations and the income statements in A and B.
Week 4
Discussion Question – CLO 3, CLO 4
Chapters 3 and 4 of Ross, et al (2022) textbook, you learned about how to analyze financial statements and how to interpret and use them for long-term financial planning. Consider the following question:
In recent years, several manufacturing companies have reported the cash flow from the sale of Treasury securities in the cash from operations section of the statement of cash flows. What is the problem with this practice? Is there any situation in which this practice would be acceptable?
CLA 1: Planning and Growth – CLO 3, CLO 4
Based on the content covered in Week 4 and Chapters 3 and 4 of the Ross, et al. (2022) text, students learned about financial statement analysis and long-term financial planning and growth. Students should address the following:
Review “Mini Case: Planning for Growth at S&S Air” in your textbook on page 129, also found at the end of Chapter 4 in your textbook. Then, answer the following questions:
Calculate the internal growth rate and sustainable growth rate for S&S Air. What do these numbers mean? How do you know?
S&S Air is planning for a growth rate of 12% next year. Calculate the EFN for the company assuming the company is operating at full capacity. Can the company’s sales increase at this growth rate? Explain your reasoning.
Most assets can be increased as a percentage of sales. For instance, cash can be increased by any amount. However, fixed assets must be increased in specific amounts because it is impossible, as a practical matter, to buy part of a new plant or machine. In this case, a company has a “staircase” or “lumpy” fixed cost structure. Assume S&S Air is currently producing at 100% capacity. As a result, to increase production, the company must set up an entirely new line at a cost of $5,000,000. Calculate the new EFN with this assumption. What does this imply about capacity utilization for the company next year?
Consider how long term planning and growth is affected by location in the world. Discuss how you would advise S&S Air about planning and growth in your own country and expansion into other countries?
Paper should be 4-6 pages and include all calculations referenced in the assignment questions.
Week 5
Discussion Question – CLO 5
In Chapters 5 , 6, and 7 of Ross, et al (2022) textbook you learned about the concept of time value of money and how it is applied for bond valuation. View the following YouTube videos:
Time Value of Money TVM Lesson/Tutorial Future/Present Value Formula Interest Annuities Perpetuities. (2014). [YouTube Video]. In YouTube. https://www.youtube.com/watch?v=m3azU7gYHc0
Chapter 7 : Interest Rates and Bond Valuation. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://youtu.be/Vvwe0NY8osU
Once viewed discuss the following with your peers:
Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor Corporation, offered some securities for sale to the public on March 28, 2008. Under the terms of the deal, TMCC promised to repay the owner of each security $100,000 on March 28, 2038, but investors would receive nothing until then. Investors paid TMCC $24,099 for each of these securities; so they paid $24,099 on March 28, 2008 for the promise of a $100,000 payment 30 years later.
Why would TMCC be willing to accept such a small amount today ($24,099) in exchange for a promise to repay about four times that amount ($100,000) in the future?
A feature of this particular deal is that TMCC has the right to buy back the securities on the anniversary date at a price established when the securities were issued. What impact does this feature have on the desirability of this security as an investment?
Bond Valuation Assignment – CLO #4
Based on the content covered in Week 5 and Chapters 5, 7 and 7 of the Ross, et al. (2022) text, students learned about time value of money and its application to bond valuation. Students should address the following:
Two bonds A and B have the same credit rating, the same par value, and the same coupon rate.
Bond A has 30 years to maturity and bond B has 5 years to maturity.
Explain which bond will trade at a higher price in the market and why?
What happens to the market price of each bond if the interest rates in the economy go up? Elaborate on your rationale.
Which bond would have a higher percentage price change if interest rates go up? Explain.
Substantiate your argument with numerical examples.
As a bond investor, if you expect a slowdown in the economy over the next 12 months, what would be your investment strategy?
For this assignment, create a PowerPoint presentation and record yourself presenting your answers to the questions above in a 5-7 minute video. Use at least two credible sources to support ideas for your presentation.
Week 6
Discussion Question – CLO 4, CLO 5
In Chapters 8 , 9, and 10 of Ross, et al (2022) textbook you learned about stock valuation, net present value concept, and valuation capital investments. View the following two videos:
Common Stock Valuation. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://www.youtube.com/watch?v=R12dVdRbVkg
Chapter 9: Net Present Value and Other Investment Criteria. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://www.youtube.com/watch?v=-Xr9r136lag
Once viewed discuss the following with your peers:
In June 2017, BMW announced plans to spend $600 million to expand production at its South Carolina plant. The new investment would allow BMW to prepare for the new X model of SUVs. BMW apparently felt it would be better able to compete and create value with a U.S.-based facility. In fact, BMW expected to export 70% of the vehicles produced in South Carolina. Also in 2017, noted Taiwanese iPhone supplier Foxconn announced plans to build a $10 billion plant in Wisconsin, and Chinese tire manufacturer Wanli Tire Corp. announced plans to build a $1 billion plant in South Carolina.
What are some of the reasons that foreign manufacturers of products as diverse as automobiles, cell phones, and tires might arrive at the same conclusion to build plants in the United States?
Using a graphic organizer of your choice, create a visual graphic that explains your answer to the question below. Respond to at least one other peer’s discussion response and provide them feedback on the content within their visual organizer.
Assignment Help:
For editable graphic organizers, please check out:
Graphic Organizers
Free Graphic Organizer Templates
8 Editable Graphic Organizer Templates for Google App
Tips for Designing a Graphic Organizer:
A graphic organizer, also known as a knowledge map, concept map, cognitive organizer, advance organizer, or concept diagram is a tool that uses visual symbols to express knowledge and concepts through relationships between them. The main purpose of a graphic organizer is to provide a visual aid to facilitate learning.
Examples of Graphic Organizers:
T-Charts
Concept Maps
Venn Diagram
Flow Charts in Google Slides
Capital Budgeting Assignment – CLO 4, CLO 5Based on the content covered in Week 6 and Chapters 8, 9, and 10 of the Ross, et al. (2022) text, students learned about stock valuation, net present value concept, and capital investment decisions. Students should address the following:
Study the following capital budgeting project and then provide explanations for the questions outlined below:
You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers (stringed instruments). The market for zithers is growing quickly. The company bought some land three years ago for $2.1 million in anticipation of using it as a toxic waste dump site but has recently hired another company to handle all toxic materials. Based on a recent appraisal, the company believes it could sell the land for $2.3 million on an after-tax basis. In four years, the land could be sold for $2.4 million after taxes. The company also hired a marketing firm to analyze the zither market, at a cost of $125,000. An excerpt of the marketing report is as follows:
The zither industry will have a rapid expansion in the next four years. With the brand name recognition that PUTZ brings to bear, we feel that the company will be able to sell 3,600, 4,300, 5,200, and 3,900 units each year for the next four years, respectively. Again, capitalizing on the name recognition of PUTZ, we feel that a premium price of $750 can be charged for each zither. Because zithers appear to be a fad, we feel at the end of the four-year period, sales should be discontinued. PUTZ believes that fixed costs for the project will be $415,000 per year, and variable costs are 15% of sales. The equipment necessary for production will cost $3.5 million and will be depreciated according to a three-year MACRS schedule. At the end of the project, the equipment can be scrapped for $350,000. Networking capital of $125,000 will be required immediately. PUTZ has a 38% tax rate, and the required rate of return on the project is 13%.
Now provide detailed explanations for the following:
Explain how you determine the initial cash flows.
Discuss the notion of sunk costs and identify the sunk cost in this project.
Verify how you determine the annual operating cash flows.
Explain how you determine the terminal cash flows at the end of the project’s life.
Calculate the NPV and IRR of the project and decide if the project is acceptable.
If the company that is implementing this project is a publicly traded company, explain and justify how this project will impact the market price of the company’s stock.
Provide detailed and precise explanations and definitions. Comment on your findings and provide references for content when necessary. Explain everything in your own words.
Paper should be 3-5 pages including any calculations for questions above.
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