Case Study 1 Professor Blankenship Accounting 504 July 28‚ 2013 Salithia Smith Requirement 1- Prepare the Journal Entries in the General Journal Flower Landscaping Corporation General Journal Date Description Debit Credit |March 1 |Cash |72000 | | | |Common Stock
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Executive Summary Two Wheeled Oracle is a bicycle based courier service in Portland‚ Oregon‚ catering to law firms. The Oracle can transport documents as well as small parcels to clients‚ other law firms‚ as well as transport and file documents with the clerk of courts. Law firms will be the primary group of customers and the only one targeted‚ non law firm customers will be served as well‚ but will not be targeted. The Oracle will offer reliability and industry insight to law firms‚ enabling it
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between 2003 and 2004. Lucent Technologies had a decrease in their current liability. In 2003 their current liability was 25.6% and decreased to 24.3% during 2004. According to the debts that increased from 23% in 2003 to 26.4% a year later in the company’s total liability‚ the debts of Lucent Technologies would be considered long term. In 2003‚ Lucent Technologies had decreased in the representation of total liabilities and shareholders equity on the equity side for Lucent Technologies when compared
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is an income statement? (0.5 points) Financial statement for results of a specific time 3. What is the balance sheet equation? (0.5 points) Assets= liabilities + owner’s equity 4. What is a financial ratio? (0.5 points) Comparing finance between two groups 5. What does the following equation represent: Total liabilities ÷ Total assets? (0.5 points) Debt ratio 6. What is cash basis accounting? (0.5 points) Method used to track income and expenses sorry i dont
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Capital Structure Analysis Formula Debt-to-Equity Ratio = Total Liabilities / Equity. Formula Interest Coverage Ratio = Non-current Liabilities / Cash Flow from operations Formula Debt Coverage Ratio = Earnings Before Interest and Tax / Net Finance Expense Analysis The debt-to-equity ratios indicate how risky the firms are. It measures the extent that the assets of a firm are financed by its debts and equity. Lower values of debt-to-equity ratio are favorable indicating the firm
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as much stock and she may be overstaffed. Question 2 a) The purpose of a balance sheet is to show the financial position of a business; each accounting period has 2 balance sheets and 5 basic accounting elements these are- incomes‚ expenses‚ liabilities‚ assets and
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while cosmetic dentistry consists of teeth whitening‚ veneers‚ and gap removal. The Tooth Fairy is forecasted to reach profitability by month 10 and have respectable third year profits. 2.1 Company Ownership The Tooth Fairy is an Oregon limited liability corporation owned by Steve Extractor. 2.2 Start-up Summary The following are
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Church Business Plan [Company Name] Contact: [Name] Address: [Address] [Address] Phone: XXX-XXX-XXXX Fax: XXX-XXX-XXXX Email: [Email Address] Confidentiality Agreement The undersigned reader acknowledges that the information provided by [Company Name] in this business plan is confidential; therefore‚ reader agrees not to disclose it without the express written permission of [Company Name]. It is acknowledged by reader that information to be furnished in this business plan
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Dubai Pet World -Grooming and Kennel Center Business Description Dubai Pet world Grooming and kennel centre was founded in 2007‚ is a profit making organization and intends to capture a big share of the growing pet market. After two years of operations the company went public. The company is only luxury services provider of boarding & grooming to the pets in Dubai. Although the product offered by the company are unique but the customer wanted all the pet facilities under one roof‚ which
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an explanation of the three tools of financial statement analysis and the function of each. · Examine PepsiCo‚ Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting‚ especially its Current Assets‚ Current Liabilities‚ and Total Assets for years 2005 and 2004. · Calculate the following for PepsiCo‚ Inc. and show your work: o The Current Ratio for 2005 o The Current Ratio for 2004 o Two measures of vertical analysis—compute the
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