Essays on Financial Accounting

With the big boom of the telecommunications industry within recent years, many telecom companies are looking for ways to expand their base and grab that incremental part of market share. The advancement of technology causes a greater consumer demand to fulfill the voids of older, less effective communication methods. Technology and growth are the means…

Marriot Case Marriot uses the Weighted Average Cost of Capital to estimate the cost of capital for the corporation as a whole and for each division, and the hurdle rate is updated annually. (WACC = (1-Tc) * (D/A) * R[D] + (E/A) * R[E]) Marriot’s Tax Bracket = 175. 9/398. 9 = 44% Division’s asset…

Group Case Assignment V Blanchard Importing and Distributing Co., Inc. Read the course pack item “Blanchard Importing and Distributing Co., Inc.” and answer the following questions: 1. Correct the EOQ and ROP quantities for each of the five items mentioned in the case. How do the corrected figures compare with the quantities calculated in 1969…

We see an increase in the break-even point, both in dollars and in sales tickets, from year 2003 to 2006. This increase is not as dramatic between the years 2003 and 2004 as it is between 2004 and 2006. The increase in break-even point in sales tickets is 1615,80 and 7623,90 respectively. The increase in…

When accounting students study income tax accounting, the first concept they learn is financial accounting and income tax accounting will produce different amounts of revenue and expenses. The net income reported on financial statements will differ from the net income reported to the Internal Revenue Service. The difference is created by temporary and/or permanent tax…

In order to find the endeavor value and recovery rates for each category of creditors implied by the April 2009 attempted exchange offer. we foremost had to find the precedence degrees of the capital construction. We used Exhibit 7 in the Case papers to find the precedence degrees of each category. The top precedence category…

1)Which “management assertions” were relevant to Paragon’s construction projects? Describe an audit procedure that Arthur Anderson could have employed to corroborate that assertion for each. Professional auditing standards identify 5 “management assertions” that commonly underlie a set of financial statements. These 5 assertions are: occurrence, completeness, valuation/allocation, rights/obligations, and presentation/disclosure. With respect to the audit…

Aquarius Ales was a popular pub, a hangout place for many college students and state employees, professionals, convention attendees and for those who just wanted to socialize and have a place to hang out. The owners were ready to sell their business and retire due to the long hours and management and regulation problems and…

At the end of this lecture you should be able to: * Explain what goodwill is * Explain the differences between purchase and non-purchased goodwill * Discuss evaluation and possible ways of accounting for goodwill * Explain and discuss the requirements of IFRS for ‘accounting for goodwill’ * Explain and discuss the requirement for Research…

I. Case Overview Angus Cartwright III. an investing adviser. was asked to supply investing advisory services for two clients. John DeRight and Judy DeRight. They both wanted to buy a belongings that ( 1 ) is big plenty to pull the involvement of a professional existent estate direction company and ( 2 ) has a…