Accounting Assets Essay Preview: Accounting Assets Report this essay Chapter 10: Long-Term Assets L01 Types of Long-Term Assets and Issues Related to Accounting for them Long-Term Assets: Useful life > 1 Used in operations Not for sale Carrying Value or Book Value (vs. basis) Asset Impairment Occurs when future cash flow (w/o discount) < carrying.
Hanson Ski Product Why cant you rely on the pro forma financial statements as at March 31, 1987 to tell you whether the plans on which the budgets are based are feasible?To comment on the way of relying on annual pro forma financial statement to make decision, the main goal of the budget plan need.
Fin 571 – Business Structure Advice Business Structure AdviceFIN/571April 11, 2015Dear John Owner,Congratulations on your decision to start a business. Â It is definitely a smart idea to be aware and analyze the different business structures, their tax implications, and where the investments come from. Â You do have several options to choose from, and each of.
Business Valuation and AnalysisCase Study 2Delta AirlinesAkbar GahramanovBusiness valuation and AnalysisActually there are some possible reasons why Delta may have extended the useful live of the flight equipment. Firstly, the technology and the industry somehow stimulated for these airplanes to be used for longer period. So with the new technology aircrafts were maintained better and.
Transit, Inc. – Accounting Question & Answers Essay Preview: Transit, Inc. – Accounting Question & Answers Report this essay The SCOUTERS acquired 70% of the net assets of the Bleachers for P1.1 million. The assets of The Bleachers have a book value of P1.2 million and a fair market value of P1.3 million; its liabilities.
Sample Appendix of Accounitng – Ratio FormulaEssay Preview: Sample Appendix of Accounitng – Ratio FormulaReport this essayAPPENDIXContentsRatio Formula        1Common Size Analysis        2Income Statement        2Balance Sheet        3Trend Analysis        4Income Statement        4Balance Sheet        4Ratio Analysis        5Ratio FormulaCurrent Ratio= Current Asset/ Current LiabilitiesQuick Ratio= (current assets – inventories- Prepaids) / current liabilitiesCash ratio= Cash+ Cash Equivalent/Total Current LiabilityInventory Turnover Ratio= Cost of Goods Sold / ((Beginning Inventory +.
Astrotech Company Case 1-3ASTROTECH COMPANYYear 1Year 2Year 3Year 4Sales$12,011.00$11,968.00$11,545.00$10,000.00Cost of Goods Sold$(3,011.00)$(2,992.00)$(2,886.00)$(2,500.00)Gross Margin$9,000.00$8,976.00$8,659.00$7,500.00Other Expenses$(6,201.00)$(6,429.00)$(6,296.00)$(5,454.00)Profit before taxes$2,799.00$2,547.00$2,363.00$2,046.00Tax expenses$(1,120.00)$(1,019.00)$(945.00)$(819.00)Net Income$1,679.00$1,528.00$1,418.00$1,227.00BY CALCULATING THE DIFFERENCE OF SALE AMOUNT EACH YEAR, WE WILL KNOW THE DIFFERENCE OF PERCENTAGE EACH YEAR.THE PERCENTAGE OF YEAR 4 IS 13,38%BASIC ACCOUNTING AQUATIONGROSS MARGIN=SALES REVENUES-COST OF SALESREVENUE/PROFIT-EXPENCES=NET INCOMEMICROTECH COMPANYYear 1Year 2Year 3Year 4Current Assets$113,624.00$90,442.00$85,124.00$60,090.00Noncurrent Assets$410,976.00$198,014.00$162,011.00$151,021.00Total.
Accounting Answers to Chapter 1 Essay Preview: Accounting Answers to Chapter 1 Report this essay P1-3A Hightower Service Co. Income Statement For the Month Ended June 30th, 2014 Revenues: Service revenue $ 7,500 Total revenues $ 7,500 Expenses: Advertising expense $ 400 Supplies expense 1000 Maintenance expense Utilities expense Salaries and wages expense 1400 Total.
Accounting Chapter 12 Essay Preview: Accounting Chapter 12 Report this essay Chapter 1231. a Not qualified, Thomas has to be at least 25 to be qualified  b. qualified  c. Qualified if their job meets related restrictions  d. Qualified if their job meets related restrictions36. a. Only the two little children are qualified   The amount.
Case of a Very Important Client Essay Preview: Case of a Very Important Client Report this essay Minmin ZhouCase of A Very Important ClientIdentify any tax rules that apply to Jessica’s decision.  AICPA Statements on Standards for Tax Service No.2 States that, “a member should make a reasonable effort to obtain from the taxpayer.
