96 Balance Sheet 2004 2003 Edwards, Inc. has prepared the following comparative balance sheets Cash $198,000 $102,000 for 2003 and 2004: Receivables $106,000 $78,000 2004 2003 Inventory $100,000 $120,000 Prepaid expenses $12,000 $18,000 Cash $ 198,000 $102,000 Plant assets $840,000 $700,000 Receivables 106,000 78,000 Accumulated depreciation $(300,000) $(250,000) Inventory 100,000 120,000 Patent $102,000 $116,000 Prepaid expenses 12,000 18,000 $1,058,000 $884,000 Plant assets 840,000 700,000 Accounts payable $102,000 $112,000 Accumulated depreciation (300,000) (250,000) Accrued liabilities $40,000 $28,000 Patent 102,000 116,000 Mortgage payable $- $300,000 Preferred…
A general ledger is the foundation of a company 's financial records, as they constitute the central summary of a company 's financial system. Every transaction is recorded through the general ledger. These records remain as a permanent track of the history of all financial transactions since the opening day of the company (Exodus Wellness Center.). The purpose of any business is to increase the owner 's equity through solid revenues. These revenues increase assets or proceed to decrease the business liabilities.…
Stacy stated that this new policy was “sinful, and shameful”. With the new policy in place the student doesn’t receive the hot lunch, but instead receives a “sandwich made of two slices of wheat bread and a single, cold slice of ‘government cheese’” for the same price of $2.05. Koltiska also reports that the poor students receive this despite the…
Financial statement analysis is done by every successful corporation, as your team at Ventura Electronics very well knows. “Comparisons within a company are often useful to detect changes in financial relationships and significant trends” (Kimmel, Weygandt, and Keiso p. 653). Financial statement analysis is done by horizontal analysis, vertical analysis, and ratio analysis. “Horizontal analysis, also known as trend analysis, is a technique for evaluating a series of financial statement data over a period of time (Kimmel, Weygandt, and Keiso p.654). If Ventura Electronics is interested in determining any increase or decrease in, for example, net sales (as an amount or percentage) than horizontal analysis are appropriate. Vertical analysis analyzes more specific data on the financial statement. “Vertical analysis, also called common-size analysis, is a technique for evaluating financial statement data that expresses each item in a financial statement as a percent of a base amount”(Kimmel, Weygandt, and Keiso p.656). Ventura Electronics can not only analyze the relative size of each category on the financial statement, but can also see the percentage change in the individual asset, liability, and stockholders’ equity. Ventura Electronic can also use this analysis when comparing its financial statements to the competition. The last tool commonly used for financial statement analysis is ratio analysis. These ratios are useful in evaluating the financial health and performance of a company. In ratio analysis we use three different ratios; liquidity ratios, solvency ratios, and profitability ratios. Liquidity ratios are important because it evaluates the short-term ability of a business to pay their obligations as well as meet their unexpected cash flow needs. When Ventura Electronics wants to measure the ability of the company to survive over a long period of time then solvency ratios are appropriate. Profitability ratios…
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.…
You should enter your name, date, instructor's name, and course into the cells at the top of the page. This information will be printed on the top of each page if the template requires more than one page.…
Students will be assigned After School Detention for 5 tardy violations in a 9week period. Five tardies in one class will equal 1 unexcused absence. 10 violations in a 9week period will require a meeting with administration.…
1.The act of simple measuring and reporting information on certain processes: diverts the employee’s attention to other activities that are not being measured.…
the benefits produced by possessing and using the information minus the cost of producing it.…
This classroom that the twins attend has a unique structure; the twins are 18 months and enrolled in an Early Head Start program. They attend school for 7 hours a week; 3.5 hours, 2 times a week. In the classroom there are 8 children in the class ranging from 16mo-3yrr with 2 teachers. The class eats 2 meals in this time frame of being in the classroom. The time frame’s Twin1 is in the classroom is 8-11:30am.…
Dates – Classes start on Monday 6 January 2014 and end on Wednesday 5 February 2014.…
In this economy hard time, parents who never have any problem about putting money in pocket might find themselves struggling with financial problem. According to the National Bureau of Economic Research, unemployment has steadily risen and reaching 6.7% in November 2008 and also food and energy prices have increased dramatically throughout. As the bad economic continue the more unemployment will grow larger. Due to financial situation, parents are more apply for the breakfast and lunch program. As reported over the last five years the rates have increased annually by 2.5% to 4.1% (Siegel, 2010) and the higher the student participation rates, the higher the amounts of reimbursement the school receives. As shown in the following picture, there is an increase of free and reducing meals only paid meals are decreased.…
X. The Effects of the National School Lunch Program on Education and Health, Journal of Policy Analysis and Management, By: Peter Hinrichs…
This year there has been a 25 percent increase in the SAHS student body. Because of this tremendous increase in students at SAHS, the school has had to find a solution for a different lunch system. Which indeed they did coming out with the four lunch system which according to Assistant Principal Aaron…
The U.S. Department of Agriculture (USDA) gives schools cash and commodities to set the cost of the program's food and foodservice. Added cash is provided to lunches for low-income children. To participate in the program, schools must serve lunches that meet Federal nutritional requirements and offer free and cheap lunches to children determined eligible for such benefits”(Price, Kuhn 1). Taking care of the future is a necessity and the national school lunch program reduces prices and brings in better food…