Accounting

I don’t understand this Accounting question and need help to study. In this Assignment, you will learn more about the career of interest to you, by presenting your findings to your instructor and prospective students. This Assignment will help you to develop skills necessary for career development and job performance. Given the outcome of your […]

Read the scenario in the textbook and complete the activity below. Use Excel—showing all work and formulas—to complete the following: Prepare a flexible budget.  Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget. Compute flexible budget variances by comparing the flexible budget […]

Reviewing the previous quarter’s financial statements will provide you with data to construct pro forma financial statements for Starbucks and make some basic projections. This week, you will be charged with constructing two pro forma financial statements and addressing some questions about your projections. The two financial statements will  include an Income Statement and Balance […]

Complete the two financial health activities (The True Cost of a New Car and  The True Cost of Credit Card Use) presented in Unit 7 Topic “Financial Health” related to spending money you do not have. Share your experience with “The True Cost of a New Car” activity with your peers Change the size of the […]

Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets. Provide an example of […]

 Bill Watts, president of Western Publications, accepts a capital budgeting project proposed by division X. This is the division in which the president spent his first 10 years with the company. On the same day, the president rejects a capital budgeting project proposal from division Y. The manager of division Y is incensed. She believes […]

1. What did your clients attempt to accomplish by setting up the transactions in the manner they proposed? b. What are your client’s chances of success if they go ahead with the transactions as plan in spite of the ruling?  2. Is the ruling correct in stating that no matter how the transactions are handled, […]

Assume that you are purchasing an investment and have decided to invest in a company in the smartphone business. You have narrowed the choice to Best Digital Electronics or Zone Network Electronics and have assembled the following data. Selected income statement data for the current year follows: Income StatementBest Digital     Zone Network      Net […]

The type of product a company produces affects the type of accounting system needed to determine product cost. The 2 most common types of costing systems are job-order costing and process costing. Respond to the following in a minimum of 175 words: Compare and contrast job-order and process costing systems. How can events in a […]

You have been a CPA for many years and recently opened your own practice focusing on small businesses. You have a meeting with a client, Jack, who has an interesting career as a professional gambler. He makes about $100,000 per year and has won many tournaments on the circuit. He is considering entering the WSOP […]