The final project for XACC 280 is a 1,750- to 2,050-word paper in which you provide a comprehensive analysis of the financial health of two companies, compare the companies, and make recommendations to improve the financial status of each. The paper, with citations and references, must follow APA formatting guidelines. The final project is designed so you can apply the concepts and skills learned in this course to a real-life financial accounting analysis. It incorporates your foundational knowledge—resulting from completion of Discussion questions, CheckPoints, Exercises, and Assignments—into a paper that describes your financial analyses and conclusion. The paper will include the following: • An introductory paragraph with: o A statement of the purpose of your paper. o A synopsis of what readers can expect to find in the paper. It is best to write this after writing the rest of the paper. • Vertical analyses for both companies. You can use your calculations from the Checkpoint Ratio, Vertical, and Horizontal Analyses, providing you show your work. • Horizontal analyses for both companies. You can use your calculations from the Checkpoint Ratio, Vertical, and Horizontal Analyses, providing you show your work. • Ratio analyses for both companies, including a test of: o Liquidity. You can use the Current Ratio you compute in the Checkpoint Ratio, Vertical, and Horizontal Analyses, and another ratio. Show your work. o Solvency. Use at least two ratios and show your work. o Profitability. Use at least two ratios and show your work. • An explanation of which company appears to be more financially sound: o Each company might have strengths in different areas. Be sure to distinguish these areas; for example, one might have greater liquidity, while the other more solvency. o Point to the data for each comparison you make. • At least three recommendations you can make, within the context of law and ethics, so each company can improve its financial health. • A concluding paragraph that summarizes what you did, what you found, and what you recommend. As you compare the two companies, you might find it beneficial to use a table or a spreadsheet with columns for each company, so the reader can easily compare their ratios by looking across a row. Discuss your findings in a brief narrative, then move on to the next part of your analysis using a similar table or a spreadsheet and an explanation.
Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting.
1. Assume Company A acquires an 80% interest in Company B on January 1, 2011, and Company B acquires a 60% interest in Company C on January 1, 2012. Prepare the simple equity method adjusting entries made by Companies A and B for subsidiary investments for the years 2011 through 2013.
2. Assume Company B acquires a 70% interest in Company C on January 1, 2011, and Company A acquires a 90% interest in Company B on January 1, 2013. Prepare the simple equity method adjusting entries made by Companies A and B for subsidiary investments for the years 2011 through 2013.
Mrs. Doe has been informed that she has a terminal condition and is given six to twelve months to live. She is immediately distraught and crying uncontrollably. Her physician leaves the room and you remain in the room with Mrs. Doe. She begins to ask you a multitude of questions regarding her condition and what she will experience as she nears her final days.
Write a 300 – 500 word essay about the dying process and the legal and ethical considerations that might be confronted. Answer the following:
Instructions
(a) Set up control and subsidiary accounts and enter the beginning balances. Do not construct the journals.
(b) Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. (No sales discounts given.)
(c) Prepare a schedule of accounts receivable and prove the agreement of the controlling account with the subsidiary ledger at September 30, 2017.
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In a circle with radius 20cm, a chord is drawn with length 12 cm. Find the area of the two regions created. |
Required:
1. Compute the amount of cash collected from customers during the year. Assume that all sales for fiscal year 2012 were on credit.
2. Prepayments represent the net amount of a number of accounts, including prepaid insurance. The company had $ 818 in prepaid insurance at March 31, 2011, and $ 1,338 at March 31, 2012. It also paid $ 2,345 in June 2011 to renew its insurance policies. Prepare the adjusting journal entry on March 31, 2012, to record the amount of insurance expense for fiscal year 2012. The payment of $ 2,345 was debited to the insurance expense account.
3. Explain the nature of the accrued liabilities account. What would have caused the account balance to decrease during the year?
4. The company board of directors declared dividends of $ 4,905 during the year. Prepare a summary journal entry to record the amount of dividends paid during the year.
5. The company is required to pay income taxes in advance on a quarterly basis even though the exact amount of income taxes expense is not calculated until the end of the fiscal year. Compute the amount of income taxes expense for 2012 and prepare the related adjusting journal entry at March 31, 2012.
6. The company long- term debt includes a long- term bank loan for $ 6,000. The company signed for this loan on October 31, 2011, to be repaid on October 31, 2012. Interest on the loan, at an annual rate of 8 percent, is payable each year on October 31. Prepare the adjusting journal entry that should be made on March 31, 2012, to recognize interest expense for fiscal year 2012.
7. Assume that the company accountant did not record the journal entry you prepared for (6) above. What would be the effect of this error (overstatement, understatement, no effect) on the following:
a. Total assets at March 31, 2012.
b. Net earnings for the year 2012, assuming that the company is subject to an income tax rate of 40 percent.
c. Current liabilities at March 31, 2012.
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The World Health Organization is an organization that sets norms and standards for international public health. They put the standards in place and also monitor them. They provide leadership and partner worldwide in health areas such as communicable diseases, ageing, and nutrition, to name a few. The Center for Disease Control is a federal agency that is dedicated to protect health and prevent and control disease. It is concerned with occupational safety and health. They focus on developing disease prevention and control infectious diseases, environmental health, and occupational safety and health.
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I am glad that the WHO and the CDC is involved so much with our health. It makes me feel better knowing that someone is watching my health all the time and making sure that the medicine and vaccines that we get are up to date and do the job they are supposed to do.
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