This website uses cookies to ensure you have the best experience.

# Acc 300 Brief Exercise 13 Essay

318 words - 2 pages

BRIEF EXERCISE 13-4

Horizontal analysis:
| | | | | | Increaseor (Decrease) |
| | | | | | | | |
| | Dec. 31, 2012 | | Dec. 31, 2011 | |  Amount  | | Percentage* |
| | | | | | | | |
Accounts receivableInventoryTotal assets | | \$ 460,000\$ 780,000\$3,164,000 | | \$ 400,000\$ 650,000\$2,800,000 | | \$ 60,000\$130,000\$364,000 | | 15%20%13% |

= .15         = .20         = .13

BRIEF EXERCISE 13-5

Vertical analysis:
| | Dec. 31, 2012 | | Dec. 31, 2011 |
| | | | | | | | |
| |   Amount   | | Percentage* | |   Amount   | | ...view middle of the document...

03)         = .07

BRIEF EXERCISE 13-7

| | 2012 | | 2011 | | Increase |
| | | | | | |
Net income | | \$382,800 | | X | | 16% |

.16 =
.16X = \$382,800 – X
1.16X = \$382,800
X = \$330,000

2011 Net Income = \$330,000

BRIEF EXERCISE 13-8

| | 2012 | | 2011 | | 2010 |
| | | | | | |
SalesCost of goods soldExpenses Net income | | 100.0 60.5 26.0 13.5 | | 100.0 62.9 26.6 10.5 | | 100.0 64.8 27.5 7.7 |

Net income as a percent of sales for Vallejo increased over the three-year period because cost of goods sold and expenses both decreased as a percent of sales every year.

BRIEF EXERCISE 13-9

Comparing the percentages presented results in the following conclusions: The net income for Spartan increased in 2011 because of the combination of an increase in sales and a decrease in both cost of goods sold and expenses. However, the reverse was true in 2012 as sales decreased, while both cost of goods sold and expenses increased. This resulted in a decrease in net income.

BRIEF EXERCISE 13-10

Current ratio:
2009 2008
= = .33:1 = .22:1

The current ratio increased by 50% indicating that Bob Evans Farms is more liquid in 2009.

## Other assignments on Acc 300 Brief Exercise 13

### Sylabus For Rhetoric Essay

3351 words - 14 pages | | |Writing Analytically, Chapter 13 | | |Exercise: Freewriting and revising on a source—your choice—from a previously read essay | |Fri, Nov 4 |Academic Research Essay (cont’d) | | |Obama

### Shareholder Quiz Solution Essay

972 words - 4 pages Workshop 2 Exercise 2.11 RIGHTS ISSUE, CALL ON SHARES, ISSUE OF OPTIONS Prepare journal entries to record the above transactions in the records of Syria Ltd. SYRIA LTD General Journal 2014 Nov 30 Cash Dr 18 000 Share capital - B Ordinary Cr 18 000 (Allotment of 8 000 B ordinary shares at a price of \$2.25 under a 1 for 5 rights issue) 2015 Jan 16 Call -A Ordinary Dr 90 000 Share capital - A Ordinary Cr 90 000 (Call

### Dishwasher Assignment

1780 words - 8 pages creating and running businesses. Finance Assignment Case 1 : Dishwasher 1 2 3 4 5 6 7 8 9 10 11 TABLE 1 Dishwasher project - Income statement (P&L) (\$ millions) Period 0 1 2 3 Capital Investment 500 Acc Depreciation* 50 100 150 Year end book value 500 450 400 350 Total Book Value 500 450 400 350 Sales 450 675 840 Production costs & logistics 270 405 504 Other costs 10 100 125 150

### Acc 201

1569 words - 7 pages and will now start using in the bakery. You estimate that the equipment is currently worth \$5,000, and you transfer the equipment into the business in exchange for additional common stock. The equipment has a 5-year useful life. July 13 – Pay \$200 for business cards/flyers/posters/ads to use for advertising. July 14 – Pay \$300 for miscellaneous (use misc. supplies). July 15 – Hire part-time helper to be paid \$12 per hour. Pay periods are

### Accounting

3730 words - 15 pages retained earnings Balance Sheet Format Assets Current Assets Cash On Hand Cash in Bank Accounts Receivable Merchandise Inventory \$ 300 \$ 2,200 \$ 1,600 \$ 5,500 \$ 1,200 \$10,800 \$\$ Prepaid Expenses Rent Total Current Assets Fixed assets Equipment and Fixtures (less Depreciation) \$ 1,200 \$12,000 Total Assets Liabilities Current Liabilities \$\$ Accounts Payable Notes Payable, Bank Accrued Payroll Expenses Total Current Liabilities

### Six Min Walk

7226 words - 29 pages AND SCOPE This statement provides practical guidelines for the 6-minute walk test (6MWT). Specifically, it reviews indications, details factors that influence results, presents a brief step-by-step protocol, outlines safety measures, describes proper patient preparation and procedures, and offers guidelines for clinical interpretation of results. These recommendations are not intended to limit the use of alternative protocols for research studies

### Bonds

1917 words - 8 pages discussion. It was purchased for \$1052.42 on a date three years before maturity to yield 8% to maturity. How much of the \$300 received in coupon payments over the three years would accountants treat as interest income? Solution Coupon number Coupon payment Interest on book value Discount amortized Book value of bond Unamortized discount 0 1 2 3 4 5 6 — \$ 50 50 50 50 50 50 \$300 — \$42.10 ① 41.78 41.45

### Strength Quest Exercise

1397 words - 6 pages Strength Quest Exercise Manjumol Mathew Kaplan University NU 300- Professional Leadership Transitions Amy Daly, RN, MN February 2, 2010 STRENGTH QUEST EXERCISE We will explore and review the findings from the strength quest exercise that was taken online and give a brief description of my supervisors view on leadership skills. I will compare my personal leadership skills in contrast to my supervisor’s ideals. Then I will identify

### Acc543 Mid Term/Final Study Guide

2448 words - 10 pages ACC/543 Sample Questions for Midterm and Final Examinations The sample exam below is a representation of the Midterm and Final Examinations your students will take in Weeks Three and Six of this course. As in the sample exam below, the Midterm and Final Examinations will include questions that assess the course objectives. Although the sample exam contains one question per objective, the Midterm and Final Examinations will contain three

### Management Accounting Chapter 10 Decentralization

3618 words - 15 pages return will generate an increase in the investment center’s residual income. 10-9 A transfer price is the price charged for a transfer of goods or services between units of the same organization, such as two departments or divisions. Transfer prices are needed for performance evaluation. Brief Exercise 10-1 (10 minutes) |1. |[pic

### Attrition Analysis

3838 words - 16 pages |13 | |11. |Attrition Rates |15 | |12. |Benchmarking |17 | |13. |Why employees call it quits

## Similar Documents

### Acc 291 Week 3 Discussion Question 1

309 words - 2 pages 13 practice quiz 1 Week 4 Chapter 14 Practice quiz 1 Week 4 reflection summary Week 4 Discussion questions 1 and 2 Week 4 Individual WileyPlus assignment as described below: Exercise Do It! 11-1 Indicate whether each of the following statements is true or false Exercise E11-15 On October 31, the stockholders' equity section of Omar Company consists of common stock \$600,000 and retained earnings \$900,000

### Acc 497 Final Exam Question And Answers

6211 words - 25 pages partners are taxed, and the partnership is also taxed as a separate legal entity. Want to download the Final Exam answers..?? Click ACC 497 Final Exam BUSINESS ENVIRONMENT AND CONCEPTS Section 2: Economic Concepts Essential to Obtaining an Understanding of an Entity's Business and Industry 4. What effect would a decrease in interest rates by the Federal Reserve most likely have in the nation’s manufacturing sector, all other factors

### Dfgdfgdfg Essay

9549 words - 39 pages EXERCISES BRIEF EXERCISE 1-1 (a) ¥90,000 – ¥50,000 = ¥40,000 (Equity). (b) ¥40,000 + ¥70,000 = ¥110,000 (Assets). (c) ¥94,000 – ¥60,000 = ¥34,000 (Liabilities). BRIEF EXERCISE 1-2 (a) \$120,000 + \$232,000 = \$352,000 (Total assets). (b) \$190,000 – \$80,000 = \$110,000 (Total liabilities). (c) \$800,000 – 0.5(\$800,000) = \$400,000 (Equity). BRIEF EXERCISE 1-3 (a) (€800,000 + €150,000) – (€500,000 – €80,000) = €530,000 (Equity). (b) (€500,000 + €100,000

### None Essay

2422 words - 10 pages . | | | |Assignment Week Three |Complete the following in WileyPLUS: | | | | | | | | | |Brief Exercise BE4-1