ACC 556 Complete Course ACC556 Complete Course Click Link for the Answer: http://workbank247.com/q/acc-556-complete-course-acc556-complete-course/22176 http://workbank247.com/q/acc-556-complete-course-acc556-complete-course/22176 ACC 556 Week 1 Discussion "Financial Statements" Please respond to the following: * From the e-Activity, analyze Apple’s most recent financial statements. Based on your analysis, predict whether Apple’s financial health will likely improve or deteriorate over the next five (5) years. Provide a rationale for your response. * From the e-Activity, examine Apple’s statement of cash flows. Recommend at least two (2) actions that Apple could take in order to maximize the use of its cash flows. Provide a …show more content…
| | | Assets + Stockholders’ Equity = Liabilities. | Question 8 Which of the following activities involves collecting the necessary funds to support the business? Answer | | Operating | | | Investing | | | Financing | | | Delivering | Question 9 Which of the following is an asset? Answer | | Mortgage payable | | | Investments | | | Common stock | | | Retained earnings | Question 10 Which of the following would not be considered an external user of accounting data for the Julian Company? Answer | | Internal Revenue Service agent | | | Management | | | Creditors | | | Customers | Question 11 Ashley’s Accessory Shop started the year with total assets of $140,000 and total liabilities of $80,000. During the year the business recorded $220,000 in revenues, $110,000 in expenses, and dividends of $40,000. The net income reported by Ashley’s Accessory Shop for the year was Answer | | $80,000. | | | $100,000. | | | $130,000. | | | $110,000. | Question 12 Stockholders’ equity is comprised of Answer | | common stock and dividends. | | | common stock and retained earnings. | | | dividends and retained earnings. | | | net income and retained earnings. | Question 13 Marvin Services Corporation had the following accounts and balances: Accounts payable | $18,000 | Equipment | $21,000 | Accounts receivable | 3,000 | Land | 21,000 | Buildings | ? | Unearned service revenue | 6,000 | Cash
You have been assigned to analyze the accounting information for a Fortune 500 corporation. From the e-Activity, evaluate which tools you would use to analyze its business processes, indicating your rationale.
The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the
Refer to the financial reports of Apple, Inc. for the year ended September 25, 2010
This paper introduces six economic indicators that affect Apple Inc. and how they form part of the firm strategic plans and goals for the future of the firm. A definition this paper provides a definition of each economic indicator along with an explanation of how they affect the company’s domestic operations. In addition, the paper offers suggestions as of what the strategic response for each indicator should be.
3. What are the major obstacles and conceptual blocks that face Apple right now? What do employees need to watch out for?
The purpose of this report is to give an analysis of the major issues that Apple Inc is facing or may face in the future. It includes an overview of the company in terms of external and internal issues and later gives recommendations on how certain issues can be resolved or prevented. The report first gives a brief explanation on the methodology that has been used and is followed by the main findings from the research. The findings include a description of the issue as well as each issue being analyzed through one of the six perspectives. It later follows conclusions about Apple and leads to recommendations that can be followed up to fix certain issues.
This report was done within Strategic Management course it consists on choosing a well known company that the public in general is familiar with and using the Hambrick/Fredrickson five element model describes how the strategy of a company can be seen. For this analysis I chose Apple Inc. because I think that it meets the requirements. Concluding the report, there is a summary where the soundness and successfulness of the company are evaluated.
The week four individual paper addresses the implementation of Activity Based Costing (ABC) by Super Bakery, Inc., a virtual corporation founded by Franco Harris. Specifically, management strategies, the reasoning behind an ABC system, and the alternatives of a job order cost system or a process order cost system are assessed for this enterprise.
any other indebtedness or liability of the debtor to the secured party direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, including all future advances or loans which may be made at the option of the secured party.
According to an article in the CPA Journal, the auditor considers reliability of audit evidence collected and the reliability of that evidence to reduce the risk of financial statements containing undetected material errors. Compare and contrast at least two (2) types of evidence, and make a recommendation as to which you believe is the most reliable in reducing risk. Support your position.
Now one must ascertain that such regulations would only be applied under certain governance systems- a good government; a government that is liable to the people. In such cases, there should be funds available for social programs. I will classify social programs as two types, based on how they should prioritizes allocation of funds:
Activity-based costing (ABC) methodology is an instrument designed to provide accountants and managers with valuable costing information that will allow them to make sound strategic decisions. It is used as a secondary methodology rather than a replacement for the company’s primarily costing system. The ABC methodology identifies activities in an organization and for each activity it assigns a cost. The cost reflects the actual resource consumption by each activity that has been identified.
Based on your analysis above, make at least two (2) recommendations as to how each company could improve its working capital positions. Provide support for your recommendations.
Refer to the financial reports of Apple, Inc. for the year ended September 25, 2010
Our group decided to analyse the company Apple Inc., listed on Nasdaq Market as AAPL. The analysis was mainly based on the annual financial report of the company for the fiscal year ended on September 29th 2007. Apple Inc. is today one of the most