ACCT PROJECT (2)
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Annual Report
Williams-Sonoma
Team #23
Poras Shokeen, Hailey Balekian, Amber Quinn, Finn
Thomas
1. Find the Management Discussion and Analysis section of your annual report (Item 7 of Form
10-KAnnual Report). Select one fact anywhere in this section that would be interesting to an
investor. Please copy and paste the fact to your report and explain why you think an investor
would find it notable. Include the page number where you found this fact.
-To answer this question I have chosen the go over the liquidity and capital resources from
pages
39-40
of the item 7 of annual report and it states as following:
-
I chose the liquidity and capital resources section of the annual report as I believe it helps
provide answers investors often look for. Any individual before investing in a company
likes to know how the company manages its cash flow and capital to support its
operations and growth. I think this section provides the investor with exactly those things
which further enables the investor to assess his investment based on the company’s
record of financial stability, growth and expansion and capital allocation which is why I
believe they would find this section of the report very interesting.
2. Find the Risk Factors section of your annual report (Item 1A of Form 10K Annual Report).
There are many risk factors; select one risk factor. Please copy and paste the topic sentence of the
risk factor (you don’t need to include the entire verbiage) and explain why you think it was
important the company included it as a risk. Include the page number where you found the risk
factor.
-The risk I have chosen is found on
page 12
from Item A of the annual report and it says as
follows-
“If we are unable to effectively manage our e-commerce business and digital marketing efforts,
our reputation and operating results may be harmed”
I have chosen this risk because I believe e-commerce dominates the market because of its
convenience and after covid its popularity has only boosted. I think it is even more important for
a company like Williams-Sonoma as its 70% of net revenue and profits in fiscal year 2020 came
from its e-commerce channel. If they do not maintain their e-commerce business effectively they
could lose a lot of potential customers.
3. Each company states their policy for recognizing revenue, cost of goods sold, and gift cards
(not every company will have all 3 of these policies). Choose only one of these policies (revenue,
cost of goods sold, or gift cards), copy and paste the policy, and include the page number from
the Notes to Financial Statements where you found it. Note that Williams-Sonoma has their rev
enue information in Note A, under Merchandise Sale.
I chose Williams-Sonoma’s policy on recognizing gift card revenue. The policy regarding this
was found on
page 54
.
4. What method of depreciation (i.e. straight-line, double-declining balance, etc.) does the
company use for Property, Plant & Equipment? Copy and paste the policy and include the page
number from theNotes to Financial Statements where you found it.
-Depreciation is computed using the straight-line method over the estimated useful lives of the
assets. This is found on the
page 42
under the long-lived assets section of the report which I have
pasted below-
x==
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Please send to my email add: Mhardzpurple@yahoo.com
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Date
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CHAPTER 1
TEN-MINUTE QUIZ
Circle the letter of the best response.
1. The primary objective of financial reporting is to provide information
A. In an ethical manner.
B. To the professional accounting associations.
C. To people outside the company for making decisions.
D. Useful to managers in making daily decisions.
It is vital that company accountants and their auditors behave in a(n)
A. professional
2.
manner.
B. ethical
C. prudent
D. elitist
3. Which of the following statements is false?
A. The proprietorship form of business organization protects the personal assets of the
owners from creditors of the business.
B. A proprietorship has a single owner.
C. Accounting is the information system that measures business activities, processes that
information into reports, and communicates the results to decision makers.
D. The Accounting Standards Board sets the rules for how accounting is practised in
Canada.
4. Level…
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FORUM DESCRIPTION
All chapter discussions are 'post-first discussions. That means you must create and submit your own response (post) before you are able to see discussion posts from other students. Click
create thread to type your response. You cannot edit or delete your response after you submit it. Your post should include 300 words and at least a 100-word response.
Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to
audit Allnet's financial statements. In discussing the audit fee, Allnet's management suggests a fee range in which the amount depends on the reported
profit of Allnet. The higher its profit, the higher will be the audit fee paid to Thorne's firm.
Required
1. Identify the parties potentially affected by this audit and the fee plan proposed.
2. What are the ethical factors in this situation? Explain.
3. Would you recommend that Thorne accept this audit fee arrangement? Why…
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>
Week 9
Assignment 9.4
Assignment 9.4 - BUSINESS PLAN
Upload your assignment through the link
provided in this week's assignments folder.
The financial and accounting statements
provide the information needed to measure
the projected success of the business plan.
The recipient of the business plan will want to
have an understanding of this information in
assessing the performance of the proposed
business plan. The two questions to answer
are the following:
a. What information will be needed to
develop the accounting and financial
statements.
b. What information is needed to explain
the importance of these statements to
the other business functions.
The discussion shall be approximately 1½ to 2
pages in length, doubled space, using a size
12 font. Any direct quotes or the paraphrase of
unique thoughts of others should be properly
cited and referenced using general APA
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ie Calendar My MCDS Library English ien)-
Hal Management
ession i 2021/FIN 20A/ET/ Section 9/ Mid Term Exam
Explain an agency problem for a corporation with examples, and Identify means by which the firm can help reduce or
eliminate that problem.
A- BI -
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Asked Jun 30, 2020
547 views
1)You are an investment analyst at FI Investments tasked to value FBC firm a Southern Agricultural Conglomerate. The following financial information was recently released for FBC. The company’s 2018 and 2017 annual financial reports are contained in tables 1 and 2 below, along with important additional information:
Table 1: FBC statement of financial position (R millions)
see attached table1
Additional information:
Depreciation (2018): R483.
The firm spent R250m in profitable projects during the course of 2018
WACC : 15%
Cost of equity of the firm: 10%
Tax rate : 40%
Table 2: FBC statement of comprehensive income
(R millions except for share data)
2018
2017
Total revenues
R3 175
R3 075
EBIT
495
448
Interest expense
104
101
Net Income
235
208
Dividends per share…
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Recommended Implementation Process
Please do the following:
Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career.
Use the Internet or Strayer University Library databases and Internet, to select and review a firm that has multiple lines of businesses. For example, review the FedEx Corporation to see how it is a multiple-line business organization.
You reviewed the FedEx Corporation's 2019 annual report and focused on the detailed accounting information. In this week's reading, Lin demonstrates that successful implementation of the shipping company's financial accounting information management systems must go through three steps; implementation of management system module; implementation of financial accounting function; and implementation of management accounting function.
Review the recommended implementation suggested by Lin in Design and Implementation of…
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urgent this please help me in 1 hour
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Investment Planning Activity1. Suppose that Rodel Rivera places an order to buy 100 shares of SM Investments Corp. (SM) from an online broker. Explain how the order will be processed.
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Looking Back
The AICPA would like you to deliver a speech at one of its upcoming conferences on the future of accounting information systems.
Use the Internet or Strayer University Library databases to review accounting conferences sponsored by the American Institute of Certified Public Accountants (AICPA).
Select one conference from your search and formulate the takeaway message and key points that you would want your audience to remember from your speech.
Reflect on two key takeaways you had in this course and reflect on how you will use utilize this knowledge in the future.
Be sure to respond to at least one of your classmates' posts.
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Personal Financial Statement Project
For the Personal Financial Statement Project:
1. Record the events on the next page in the accompanying
formula worksheet
2. Write out the journal entries for the events on the next page
3. Create the financial statements with the ending information
from the worksheet
4. Once you have your Financial Statements completed,
please make a comment or two in the online text input box
about what the information is telling you
Event List
1. Opened a bank account with previously earned (retained
earnings) money for $100,000
2. Bought a house by paying $75,000 down in cash and taking a
loan of $225,000
3. Bought a vehicle by paying $1,000 down in cash and taking a
loan of $44,000
4. Worked (performed services) to clients for $80,000 cash
5. Paid for materials used (expense) in the services performed
with cash for $50,000
6. Paid for repairs and utilities of the house and vehicle (just
regular expenses) with cash for $8,500
7. During the year, you paid $5,000…
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Business
FinanceQ&A LibraryYou have just been employed as the New chief executive officer of a medium sized company that is listed on the Ghana stock exchange. At the maiden board meeting,the chairman advised you and your management team to avoid what he termed as "Agency Problem" Explain the term "agency proAm blem " and identify (4) way by which shareholders can deal with it.
You have just been employed as the New chief executive officer of a medium sized company that is listed on the Ghana stock exchange. At the maiden board meeting,the chairman advised you and your management team to avoid what he termed as "Agency Problem" Explain the term "agency proAm blem " and identify (4) way by which shareholders can deal with it.…
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Cashaun Wo x
CCU
brightspace.wiltech.edu/d2l/le/7659/discussions/topics/2429/View
Subscribe
New Wave Images is a graphics design firm that prepares its financial statements using a calendar year.
Manny Kinn, the company treasurer and vice president of finance, has prepared a classified balance sheet
as of December 31. In January, this balance sheet will be submitted along with an application for a loan
from First Peoples Community Bank. An excerpt from the balance sheet follows:
Cash
$ 25,000
Accounts Receivable
85,000
Total Assets
$ 250,000
The accounts receivable balance includes a $56,000 loan to Tom Morrow, the company president. Tom
borrowed the money from New Wave 18 months earlier for a down payment on a new home. Tom has
orally assured Manny that he will pay off the loan within the next year. Because Tom is the company
president, Manny treats the amount due as a trade account receivable. In addition, Manny knows that the
bank will consider a large balance in trade accounts…
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Auditing || fall20
Dashboard
My courses
ACCT4141_iram_fall20
WEEK 7: 25 OCTOBER - 31 OCTOBER
Case study 2
Separate groups: 5
My Submissions
Case 2
Title Start Date Due Date Post Date Marks Available
Case study 2 - Case 2 27 Oct 2020 - 08:00 28 Oct 2020 - 06:00 28 Oct 2020 - 19:00 100
Summary:
On Chapters 9, 10, and 11:
The YuRaeKa charity was established in 1960. The charity’s aim is to provide support to children from disadvantaged backgrounds who wish to take part in sports such as tennis, badminton, squash, basketball and football.
YuRaeKa has a detailed constitution[1] which explains how the charity’s income can be spent. The constitution also notes that administration expenditure cannot exceed 10% of income in any year.
The charity’s income is derived wholly from voluntary donations. Sources of donations include:
(i) Cash collected by volunteers asking the public for donations in shopping areas,
(ii) Cheques sent to the charity’s head office,
(iii) Donations…
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Make at least one, 150 word original post discussing one of the following topics:
-Automation of Banking Functions and the Impact in Banking Careers and Job Positions
-Banks and Fintechs - Banking Strategies to Build, Buy or Partner
-List your resource(s) and include one lesson learned that can be useful in your future
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
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write a two page paper after listening to the Count Me In Podcast, Ep. 235Links to an external site. featuring Brian Hock, President of Hock International. His discussion centers on the value of obtaining professional certifications to increase your career opportunities.
https://www.imanet.org/podcast/235
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Need help with Part 1 and 2 please.
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Make a business plan with charts and everything. attached the picture what is required
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Do Any 5 points from Toyota's report and do your observation on each of 5 points.
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Imagine that you are a financial manager researching investments for your client. Think of a friend or a family member as a client. Define their characteristics and goals such as an employee or employer, relatively young (less than 40 years) or close to retirement, having some savings/property, a risk taker or risk averter, etc. Next, use Nexis Uni at the Strayer University library, located at Nexis Uni, click on “Company Dossier” to research the stock of any U.S. publicly traded company that you may consider as an investment opportunity for your client. Your investment should align with your client’s investment goals. (Note: Please ensure that you are able to find enough information about this company in order to complete this assignment. You will create an appendix, in which you will insert related information.)
Provide a rationale for the stock that you selected, indicating the significant economic, financial, and other factors that led you to consider this stock.
Suggest the…
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PLEASE ANSWER THEM ALL CORRECTLY FOR AN UPVOTE AND POSITIVE RATINGS.
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I've attached photos of the questions i need help with, thank you!
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FINANCIAL MANAGEMENT 1.docx -
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Problem 1.
2.
Odette Electronics has 90 operating plants in seven southwestern states. Sales for
last year were P100 million, and the statement of financial position at year-end is
similar in percentage of sales to that of previous years (and this will continue in the
future). All assets (including fixed assets) and current liabilities will vary directly with
sales.
Statement of Financial Position
(in P millions)
Assets
Liabilities and Equity
Cash.....
P2
Accounts payable....
P15
Accounts receivable...
20
Accrued wages....
2
Inventory....
23
Accrued taxes.
8
Current assets..
P45
Current liabilities.
P25
Fixed assets...
40
Notes payable...
10
Ordinary shares.
15
Retained earnings...
35
Total assets..
P85
Total liabilities and equity..
P85
Odette's has an after-tax…
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Industry Tools Research
Your manager has asked you to recommend an industry tool for purchase. Select one of the following tools to research: ACL, IDEA, Microsoft Visio, Oversight, Power BI, Alteryx, and Tableau.
Identify key features of each tool.
Discuss how auditors can incorporate the tool into their audits.
Additional learning opportunities: If you are interested in learning more about data analytics and emerging technologies in accounting, join the Institute of Management Accountants (IMA) for only $25 per year: Students | IMA - The association of accountants and financial professionals working in business.Links to an external site. (Use code Student22). Gain access to Free courses, training, and webinars.
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uestion : 1 a
A distinguishing feature of managerial accounting is
external users.
general-purpose reports
very detailed reports.
quarterly and annual reports.
© 2021 - Shakir A. Mrayyen
AR ▲ * 原壁l心
DELL
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F10
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F6
F7
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Please answer all the three questions of multiple choice questions. I need help from expert please help . In 30 minutes answer it. Don't copy from other websites. Correct answers
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- Please send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…arrow_forwardFORUM DESCRIPTION All chapter discussions are 'post-first discussions. That means you must create and submit your own response (post) before you are able to see discussion posts from other students. Click create thread to type your response. You cannot edit or delete your response after you submit it. Your post should include 300 words and at least a 100-word response. Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet's financial statements. In discussing the audit fee, Allnet's management suggests a fee range in which the amount depends on the reported profit of Allnet. The higher its profit, the higher will be the audit fee paid to Thorne's firm. Required 1. Identify the parties potentially affected by this audit and the fee plan proposed. 2. What are the ethical factors in this situation? Explain. 3. Would you recommend that Thorne accept this audit fee arrangement? Why…arrow_forward> Week 9 Assignment 9.4 Assignment 9.4 - BUSINESS PLAN Upload your assignment through the link provided in this week's assignments folder. The financial and accounting statements provide the information needed to measure the projected success of the business plan. The recipient of the business plan will want to have an understanding of this information in assessing the performance of the proposed business plan. The two questions to answer are the following: a. What information will be needed to develop the accounting and financial statements. b. What information is needed to explain the importance of these statements to the other business functions. The discussion shall be approximately 1½ to 2 pages in length, doubled space, using a size 12 font. Any direct quotes or the paraphrase of unique thoughts of others should be properly cited and referenced using general APAarrow_forward
- ie Calendar My MCDS Library English ien)- Hal Management ession i 2021/FIN 20A/ET/ Section 9/ Mid Term Exam Explain an agency problem for a corporation with examples, and Identify means by which the firm can help reduce or eliminate that problem. A- BI - Il mcbs.proctoring.online is sharing your sareen. Stop sharing Hide mid-98604&page-8# DELLarrow_forwarderror_outlineHomework solutions you need when you need them. Subscribe now.arrow_forward Question Asked Jun 30, 2020 547 views 1)You are an investment analyst at FI Investments tasked to value FBC firm a Southern Agricultural Conglomerate. The following financial information was recently released for FBC. The company’s 2018 and 2017 annual financial reports are contained in tables 1 and 2 below, along with important additional information: Table 1: FBC statement of financial position (R millions) see attached table1 Additional information: Depreciation (2018): R483. The firm spent R250m in profitable projects during the course of 2018 WACC : 15% Cost of equity of the firm: 10% Tax rate : 40% Table 2: FBC statement of comprehensive income (R millions except for share data) 2018 2017 Total revenues R3 175 R3 075 EBIT 495 448 Interest expense 104 101 Net Income 235 208 Dividends per share…arrow_forwardRecommended Implementation Process Please do the following: Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career. Use the Internet or Strayer University Library databases and Internet, to select and review a firm that has multiple lines of businesses. For example, review the FedEx Corporation to see how it is a multiple-line business organization. You reviewed the FedEx Corporation's 2019 annual report and focused on the detailed accounting information. In this week's reading, Lin demonstrates that successful implementation of the shipping company's financial accounting information management systems must go through three steps; implementation of management system module; implementation of financial accounting function; and implementation of management accounting function. Review the recommended implementation suggested by Lin in Design and Implementation of…arrow_forward
- urgent this please help me in 1 hourarrow_forwardInvestment Planning Activity1. Suppose that Rodel Rivera places an order to buy 100 shares of SM Investments Corp. (SM) from an online broker. Explain how the order will be processed.arrow_forwardLooking Back The AICPA would like you to deliver a speech at one of its upcoming conferences on the future of accounting information systems. Use the Internet or Strayer University Library databases to review accounting conferences sponsored by the American Institute of Certified Public Accountants (AICPA). Select one conference from your search and formulate the takeaway message and key points that you would want your audience to remember from your speech. Reflect on two key takeaways you had in this course and reflect on how you will use utilize this knowledge in the future. Be sure to respond to at least one of your classmates' posts.arrow_forward
- Personal Financial Statement Project For the Personal Financial Statement Project: 1. Record the events on the next page in the accompanying formula worksheet 2. Write out the journal entries for the events on the next page 3. Create the financial statements with the ending information from the worksheet 4. Once you have your Financial Statements completed, please make a comment or two in the online text input box about what the information is telling you Event List 1. Opened a bank account with previously earned (retained earnings) money for $100,000 2. Bought a house by paying $75,000 down in cash and taking a loan of $225,000 3. Bought a vehicle by paying $1,000 down in cash and taking a loan of $44,000 4. Worked (performed services) to clients for $80,000 cash 5. Paid for materials used (expense) in the services performed with cash for $50,000 6. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500 7. During the year, you paid $5,000…arrow_forward1 menu messageQ&A notifications account_circle Business FinanceQ&A LibraryYou have just been employed as the New chief executive officer of a medium sized company that is listed on the Ghana stock exchange. At the maiden board meeting,the chairman advised you and your management team to avoid what he termed as "Agency Problem" Explain the term "agency proAm blem " and identify (4) way by which shareholders can deal with it. You have just been employed as the New chief executive officer of a medium sized company that is listed on the Ghana stock exchange. At the maiden board meeting,the chairman advised you and your management team to avoid what he termed as "Agency Problem" Explain the term "agency proAm blem " and identify (4) way by which shareholders can deal with it.…arrow_forwardCashaun Wo x CCU brightspace.wiltech.edu/d2l/le/7659/discussions/topics/2429/View Subscribe New Wave Images is a graphics design firm that prepares its financial statements using a calendar year. Manny Kinn, the company treasurer and vice president of finance, has prepared a classified balance sheet as of December 31. In January, this balance sheet will be submitted along with an application for a loan from First Peoples Community Bank. An excerpt from the balance sheet follows: Cash $ 25,000 Accounts Receivable 85,000 Total Assets $ 250,000 The accounts receivable balance includes a $56,000 loan to Tom Morrow, the company president. Tom borrowed the money from New Wave 18 months earlier for a down payment on a new home. Tom has orally assured Manny that he will pay off the loan within the next year. Because Tom is the company president, Manny treats the amount due as a trade account receivable. In addition, Manny knows that the bank will consider a large balance in trade accounts…arrow_forward
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- Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE LAccounting Information SystemsFinanceISBN:9781337552127Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan HillPublisher:Cengage Learning
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