Write a memo to Kevin stating whether you think it was a good idea for him to open the Toy shop or if he should have stayed employed at his old job. State your reasons for your opinion. Do you have any recommendations for Kevin?

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Toys 4 U Project

Kevin has worked in a retail toy store for 8 years. Last year, Kevin’s wages were $55,000. Lately, Kevin has been unhappy with the shop’s owner. Convinced that he could run a toy store better at a lower cost, Kevin decided to go into business for himself and opened up Toys 4 U.

To get the business going, Kevin decided to invest heavily in advertising. He spent $12,000 on advertising aimed at consumers. Kevin also purchased computers, printers, and other equipment needed for his retail store for $6,000. He estimated that the equipment he purchased can be used for about five years before maintenance costs would be too high and they would need to be replaced. All equipment is estimated to be worth 10% of their original cost at the end of their life.

At the end of the first year of business, Kevin had received $150,000 in cash from customers, of which $10,000 was cash paid in advance for pre-ordered toys.

A review of Kevin’s checkbook shows he paid the following (in addition to those mentioned previously) during the first year of business:

Toys Merchandise Inventory $70,000
Supplies 8,000
Wages—part-time assistant 12,500
Rent 15,000
Insurance (two-year policy) 3,200
Utilities 2,500
Miscellaneous expenses 1,500

Kevin’s utility bill for the last month of the fiscal year was $300. He has not recorded the bill and plans to pay it in the next 30 days.

At the end of the year, about $26,000 of toys inventory purchased during the year was in his store stock. In addition, $2,000 in supplies had not been used. Kevin’s corporate income tax rate is 30%.

Requirement 1 (30 points) – Prepare an income statement for Toys 4 U for the fiscal year ended December 31, 20xx in proper form (see sample of proper form on next page).

Requirement 2 (20 points)– Write a memo to Kevin stating whether you think it was a good idea for him to open the Toy shop or if he should have stayed employed at his old job. State your reasons for your opinion. Do you have any recommendations for Kevin? Your memo should be at least 1 page, double spaced, and 12-point font.

What is the nature of your company’s business? How does the company “make money” and does the 10-k indicate that it operates in multiple segments – if so, identify the segments? Define SIC code. Use your companies SIC code in EDGAR to identify competing companies.

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Netflix Analysis Project

The following topics must be addressed in the report. Groups should use lecture materials, the textbook, and online resources to address these topics satisfactorily. These topics do not need to be addressed in a particular order, but the presentation of the analysis should flow logically.

Review Chapter 13 of your textbook which will aid you in addressing many of the questions.

Evaluating the Business

  1. What is the nature of your company’s business? How does the company “make money” and does the 10-k indicate that it operates in multiple segments – if so, identify the segments?
  2. Define SIC code. Use your companies SIC code in EDGAR to identify competing companies. Post a screen shot of some of those competitors.
  3. Who are the company’s external auditors ? What are two types of opinion letters the company received?

Income Statement

  1. Construct a common-size income statement for your company’s two most recent years .
  2. Review the revenue recognition policies. Using your common-size figures, identify time trends.
  3. Locate the revenue recognition footnote in the 10K. How does the company recognize revenues for some of its major products? Do you believe this makes sense?
  4. What are the major expenses?
  5. Analyze footnotes and assess the firm’s effective tax rate. Is it reasonable and consistent?

Balance Sheet

  1. Construct a common-size balance sheet for your company’s two most recent years .
  2. Using your common-size statement, what is the proportion of current and noncurrent assets. Does this asset composition seem appropriate?
  3. Is there a discussion of bad debt in the footnotes? How much detail is provided? Are there large customers that increase credit risk?
  4. What is inventory for your firm? Locate and describe the inventory costing method in the footnotes. Is there a preference amongst your group members for a particular cost flow assumption?
  5. What significant intangible assets does your company have?
  6. How is the company financed? Using your common-size figures, what proportion is from non owners?
  7. Does the firm have treasury stock? Determine the main reason for holding treasury stock.
  8. Using your common-size figures, were there any significant changes to the balance sheet in recent years?

 

How can small businesses, with only a few employees, implement the separation of duties internal control? How long does it typically take fraud to be detected? Access Controls, one of the seven accounting internal controls, refers to what?

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What are the Seven Internal Control Procedures in Accounting

From the article “What are the Seven Internal Control Procedures in Accounting”

  • How can small businesses, with only a few employees, implement the separation of duties internal control?
  • How long does it typically take fraud to be detected?
  • Access Controls, one of the seven accounting internal controls, refers to what?
  • Standardizing documents refers to what?
  • What reconciliation does the article refer to?

From the Fraud Protection Video

Identify the five fraud protection techniques discussed in the video

From the Small Business Fraud video

  • What is the Fraud Triangle?
  • Identify three examples of how fraud can be detected
  • Identify three fraud “motives” why a person would commit fraud?
  • Identify three “rationalization” reasons why a person would commit fraud?
  • What Are the Seven Internal Control Procedures in Accounting?

5 Steps to Reduce Small Business Fraud – YouTube

Prevent Small Business Fraud – YouTube

 

If the managers bonus were dependent on maximizing ROI would he take on the new machine? Why or why not? If the goal is to maximize company wealth should the manager take on the new machine? Why or why not?

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Your company is: Fuchsia

The information below presents current proforma information and information related to the purchase of a new machine.
The assignment is to calculate current financial ratios as requested and then after the purchase of a new machine.

Answer the discussion questions at the end.
Current pro forma financial information
Sales Revenue 17,950,000$
Net Income 6,950,000$
Capital Assets at beginning of year 8,100,000$
Capital Assets at end of year 8,600,000$
Tax Rate 30%
Minimum Required Rate of Return 15%
Weighted Average Cost of Capital 9%
With the above financial information calculate the following:

Show your calculations and all answers to 2 digits of precision (EX 3.21%)
A) What is the Sales Margin?
B) What is the asset turnover?
C) What is the ROI (Return on Investment)?
D) What is the RI (Residual Income)?
E) What is the EVA (Economic Value Added)?

The manager of the plant in considering the purchase of a new machine.
Presented below is pro forma information if the new machine is purchased.
Cost of New Machine 2,300,000$
Additional Revenue 1,700,000$
Additional Net Income 850,000$

With the above added financial information calculate the following after purchase:
Show your calculations and all answers to 2 digits of precision (EX 3.21%)

Assume cost of machine will be added to both beginning and ending capital assets.
F) What is the Sales Margin?
G) What is the asset turnover?
H) What is the ROI (Return on Investment)?
I) What is the RI (Residual Income)?
J) What is the EVA (Economic Value Added)?

Discussion and analysis.
K) If the managers bonus were dependent on maximizing ROI would he take on the new machine? Why or why not?
L) If the goal is to maximize company wealth should the manager take on the new machine? Why or why not?

Calculate incidence rate of pressure sores for Sentara Blank 1. Calculate incidence rate of pressure sores for Riverside Blank 2. Calculate incidence rate of pressure sores for Bon Secours Blank 3.

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Comparing the quality of 3 hospitals

You want to compare the quality of 3 hospitals using three measures 1. severe pressure soars, 2. infection from urinary catheter, 3. falls and injuries

The discharge from these 3 hospitals

Sentara – 20650 – Riverside – 15020 Bonsecours – 18500 severe pressure soars : Sentara – 5 Riverside – 8 BonSecours – 1

Infection from urinary catheter: Sentara – 20 Riverside 30 Bonsecours 40

falls and injuries : Sentara – 21 Riverside 5 Bonsecours 12

  1. Calculate incidence rate of pressure sores for Sentara Blank 1.
  2. Calculate incidence rate of pressure sores for Riverside Blank 2.
  3. Calculate incidence rate of pressure sores for Bon Secours Blank 3.
  4. Calculate incidence rate of Infection from urinary catheters for Sentara Blank 4
  5. Calculate incidence rate of Infection from urinary catheters for Riverside Blank 5
  6. Calculate incidence rate of Infection from urinary catheters for Bon Secours Blank 6
  7. Calculate incidence rate of Falls and injuries for Sentara Blank 7
  8. Calculate incidence rate of Falls and injuries for Riverside Blank 8
  9. Calculate incidence rate of Falls and injuries for Bon Secours Blank 9

ROUND ALL ANSWERS TO 100th DECIMAL POINT AND EXPRESS __/1000

 

Conduct a thorough review and become familiar with the approved topic based on the U.S. tax laws and regulations from all available primary and secondary sources. Research tax rules or regulations applied to country (USA) and your home country (Albania) topic.

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A brief look at involuntary conversions of corporations”s real property in Albania and the USA.

Attached is following instructions for group research project which I am doing by myself. On attached document you can start off at #4 because the professor approved the topic noted above. I need both RESEARCH PAPER and PRESENTATION with notes to present.

(3) Conduct a thorough review and become familiar with the approved topic based on the U.S. tax laws and regulations from all available primary and secondary sources. Research tax rules or regulations applied to country (USA) and your home country (Albania)
topic. (1 points)

(4) Work on a group tax memorandum that includes four paragraphs:
(A) a brief summary of how the selected tax topic is described and applied in each jurisdiction,
(B) compares and contrasts the tax laws between/among the countries, and
(C) what the group has learned from the similarities
and differences, and
(D) opinions on the approaches of the same tax topic in different countries. (Maximum of 2 pages; 12-point font such as Times New Roman)

(5) Present and teach the similarities and differences of tax laws you found between the U.S. and your home country (ALBANIA) to a minimum of five domestic students and/or students from home/selected country. Furthermore, ask student subjects of their preference on the tax treatment, if any, between the two sets of rules and the reasons of their choices. Keep a record of your survey. (2 points). Submit one paragraph summary of your findings as an appendix to the final tax research memorandum as instructed in (6).

(6) (written communication) Submit a final group research memorandum with a proper memorandum heading (1 point). Writing must be free of any grammatical errors. (1 point for each paragraph; grammar 1 points, contents 1 points; The maximum overall points for the research memorandum are 6). The final memorandum should be a maximum of three pages with two pages for the memorandum and one page for the interview summary as an
appendix.

(7) (PRESENTATION) Class research presentation

Hint: Each PowerPoint slide should be 15 words or less to be considered “clear”

How does a cost-efficient capital market help to reduce the prices of goods and services? Describe the different ways in which capital can be transferred from suppliers of capital to those who are demanding capital.

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QUESTIONS

5-1 How does a cost-efficient capital market help to reduce the prices of goods and services?

5-2 Describe the different ways in which capital can be transferred from suppliers of capital to those who are demanding capital.

5-3 Is an initial public offering an example of a primary or a secondary market transaction?

5-4 Indicate whether the following instruments are examples of money market or capital market transactions.

  1. U.S. Treasury bills
  2. Long-term corporate bonds
  3. Common stocks
  4. Preferred stocks
  5. Dealer commercial paper

5-5 What would happen to the U.S. standard of living if people lost faith in the safety of our financial institutions? Why?

5-6 What types of changes have financial markets experienced during the last two decades? Have they been perceived as positive or negative changes? Explain.

5-7 Differentiate between dealer markets and stock markets that have a physical location.

5-8 Identify and briefly compare the two leading stock exchanges in the United States today.

5-9 Describe the three different forms of market efficiency.

5-10 Investors expect a company to announce a 10 percent increase in earnings, but instead the company announces a 1 percent increase. If the market is semistrong-form efficient, which of the following would you expect to happen?

  • The stock’s price increases slightly because the company had a slight increase in earnings.
  • The stock’s price falls because the earnings increase was less than expected.
  • The stock’s price stays the same because earnings announcements have no effect if the market is semistrong-form efficient.

5-11 Explain whether the following statements are true or false.

  1. Derivative transactions are designed to increase risk and are used almost exclusively by speculators who are looking to capture high returns.
  2. Hedge funds generally charge higher fees than mutual funds.
  3. Hedge funds have traditionally been highly regulated.
  4. The New York Stock Exchange is an example of a stock exchange that has a physical location.
  5. A larger bid-ask spread means that the dealer will realize a lower profit.
  6. The efficient market hypothesis assumes that all investors are rational.

 

Determine payback period and net present value of investment for given scenario.

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Payback period

Determine payback period and net present value of investment for given scenario.

Prepare a balance sheet on a separate sheet for ABC Ltd as at 31st October 2022.

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TOTAL ASSETS, TOTAL LIABILITIES & OWNER EQUITY

Prepare a balance sheet on a separate sheet for ABC Ltd as at 31st October 2022. PLEASE record each item in these FIVE categories in the Balance Sheet below:

Current Assets Current Liabilities Long Term Assets Long Term Liabilities Owner’s Equity

Trial Balance as at 31st October 2022

# Description Debit Amount ($) Credit Amount ($)

1 Cash 115,000

2 Accounts receivable 32,665

3 Inventory 5,800

4 Prepaid Insurance 8,700

5 Accounts payable 116,500

6 Salaries payable 26,300

7 Unearned revenue 17,900

8 Notes receivable (after 2 years) 36,900

9 Machinery & Equipment (M&E) 15,510

10 Accumulated depreciation – M&E 5,825

11 Notes payable (within one year) 42,000

12 Owner’s Capital 100,550

13 Patent & Trademark 11,500

14 Building 129,000

15 Accumulated depreciation – Building 43,000

16 Loan Payable (after two years) 9,000

17 Interest receivable (within one year) 6,000

TOTAL 361,075 361,075

ABC LTD.

BALANCE SHEET AS AT 31ST October 2022

ASSETS AMOUNT ($) LIABILITIES AMOUNT ($)

Current Assets Current Liabilities

Long Term Assets Long Term Liabilities

Owner’s Equity

 

Prepare a Discussion thread that summarizes the factors that are expected to impact the company’s financial position in the next three years.

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Said Company is Amazon.com, Inc.

Each student will be required to prepare projected financial statements for his/her company in Excel Project: Projecting Financial Statements Assignment. As part of the process of preparing projected financial statements, students must consider certain factors that will influence the company’s future success. Such factors include the company’s past history, the company’s plans for future growth, customer demand, governmental regulation, taxation, economic factors, and more.

Prepare a Discussion thread that summarizes the factors that are expected to impact the company’s financial position in the next three years. The factors identified should be supported by citations from reputable sources. Avoid making opinionated statements. Instead, utilize research to make informed conclusions regarding the company’s future.