CHECK THESE SAMPLES OF Accounting
...Chosen Organization: Hewlett Packard Relationship to Organization: Friends work in the organization Reasons for Choice: I have chosen Hewlett Packardas my organization for two main reasons. Firstly, a number of my friends work in the company and this makes it easier to gain information of the organization. Secondly, the company is publicly traded hence the information for the finances of the company will be easily available. Another reason for my choice is that the company has seen a major growth in the last year and despite the economic dip HP has shown excellent results.
Overview of Company: Hewlett Packard is one of the leading computer hardware manufacturers operating across the globe. The company was started in 1939... Organization:...
2 Pages(500 words)Essay
...Munaf Usmani Academia Research May 25, PSB 12.4 Part (A) General Journal Account s and Explanation Debit Credit Apr 6 Inventory SalesTax Receivable
Account Payable-Robert Ltd
840
84
924
Apr 7
Cost of Sales-Freight
44
Cash
44
Apr 8
Accounts Receivable
Sales Tax Payable
990
90
Sales
900
Apr 8
Cost of Sales
600
Inventory
600
Apr 10
Accounts Payable-Robert Ltd
44
Inventory
Sales Tax Payable
40
4
Apr 11
Inventory
330
Cash
330
Apr 13
Account Payable-Robert Ltd
880
Discount Availed
Cash
26.4
853.6
Apr 14
Inventory
Sales Tax Payable
500
50
Accounts Payable-Martina
550
Apr 15
Cash
55
Inventory
Sales Tax Payable
50
5
Apr 17
Cost of Sales-Freight
33
Cash
33
Apr 18
Accounts... ...
5 Pages(1250 words)Assignment
...On January 6, Arneson Co. sells merchandise on account to Cortez Inc. for $9,000, terms 2/10, n/30. On January 16, Cortez Inc. pays the amount due. Prepare the entries on Arnesons books to record the sale and related collection. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
Date
Description
Debit
Credit
Jan. 6
Account Receivable (Cortez Inc.)
9,000
Sales
9,000
Jan. 16
Cash
8,820
Sales Discount
180
Account Receivable (Cortez Inc.)
9,000
On January 10, Mary Dawes uses her Pierson Co. credit card to purchase merchandise from Pierson Co. for $9,000. On February 10, Dawes is billed for the amount due of $9,000. On...
5 Pages(1250 words)Assignment
...on automotive operations as this segment accounts for 89% of the Toyota’s total revenues. The report specifically states that Japan and North American are the potential market segments for the company on the basis of vehicle unit sales for the fiscal year 2011. The general tone of the management’s comments indicates that the firm would have attained much more profitability if its operations had not been affected by the Great East Japan Earthquake (Toyota, 2011). The company’s vehicle unit sales declined in its major markets including Japan and North America. However, Toyota could achieve notable improvements in Asia and other market segments as compared to the previous year. This trend indicates that Asia is developing...
2 Pages(500 words)Essay
...value per share = ($1,400,000 - $300,000) /20,000 = $55
No, it does not. Because book value per share measures the amount that would be distributed to holders of each share of common stock if all assets were sold at their balance sheet carrying amounts after all the creditors were paid off. Book value per share is based entirely on historical costs.
F) Gross margin /Sales (Gross margin=$525,000; Sales=$2,625,000)
Gross margin percentage = $525,000 /$2,625,000 = 20%
Section 3 solutions:
A) Current Assets /Current Liabilities (Current Assets = $1,180,000; Current Liabilities = $1,450,000)
Current ratio = $1,180,000 /$1,145,000 = 2.62
B) (Cash + Accounts Receivable) +/Current Liabilities
(Cash = $140,000;...
3 Pages(750 words)Essay
... Finance and Accounting 08 February Accounting Standards (AS AS-6, AS-10, and AS-12) The project focuses on the different accounting standards and it mainly includes Accounting standards-1(AS-1), Accounting standards-6(AS-6), Accounting standards-10 (AS-10) and Accounting standards-12 (AS-12). “The Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting and reporting since 1973” (FASB Statements and Standards par. 1). The main aim of the Accounting Standards is to regulate the various accounting practices and policies, with a vision to remove, to the possible extent the reliability to the financial statements and the non-comparability... of...
1 Pages(250 words)Thesis
... Automotive Companies Inventories, Gross Margin and Profit Margin Comparisons Based on reported numbers, highest inventory turnover for automotive was Ford motor company registering lowest inventory of 3.57% in the 2010, Toyota with 4.37% and the highest being Honda with 7.78%. Based on FIFO numbers, two companies experienced an increased inventory with Ford having 4.10%, Toyota 4.56% but Honda maintained its inventory of 7.78%.
Ford and Toyota experienced increased inventory turnover from the year 2008 to 2010 in contrast to Honda that had dropped inventory return based on reported and FIFO numbers. Based on reported number, Ford rebounded from the 2008 crisis through an increase of its inventory turnover from 13.51 in 2008... Automotive...
1 Pages(250 words)Essay
...Managerial accounting Managerial accounting Managerial accounting is an activity that is concerned with providing financial and non-financial information by the managers. The managers use the information to make internal decisions of an organization (Jackson, Sawyers & Jenkins, 2009). Manager make decisions that concern the production cost, production methods, profit cost analysis among others.
The performance of an organization depends on the quality of decisions made by the managers. An organization may have good and intelligent managers, but if they are poor in decisions making, it is apparent productivity of the organisation would go down. Therefore, what matters is quality decision...
2 Pages(500 words)Essay
... Robbins and Barrows Partnership Robbins is acting in an unethical way. Robbins is taking advantage of the partnership by putting in less work while enjoying the same benefits as Barrow, who is tirelessly working to ensure that the partnership is a success. It is evident that both parties have a 50-50 stake in the business and therefore should share tasks and income equally. Judging by Robbins reaction, it is clear that he is not driven towards improving the business, but rather he fancies the partnership as it allows him to enjoy life while still raking big income. Before the merger, he was unable to abandon his job due to fear of losing both revenue and customers. But now that he has a colleague that is hardworking and willing... Robbins...
1 Pages(250 words)Assignment
...Accounting Accounting Paper The organization d as Biolea is a family-owned business that specialized in the manufacturing of olive oil that is organic in nature and they produce olive oil with the techniques of millstones and olive press. Fixed cost includes the utility payments and payments made to the permanent workers for their services. The variable cost that the company experiences include oil transportation and oil storage cost that may change with the changes in productivity. The mixed cost of the business will be the contractual workers and the utility payments that the company will experience during peak season.
The company Gulf Craft is engaged in the production and export of sea based...
2 Pages(500 words)Assignment
