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DQ-1) If you were to get a physical from your Doctor and they only took your blood pressure prior to stating that you are in good health, would you be concerned? If you have noticed in your readings starting in Chapter 3 that there has been explanation of the methods by which you could determine […]

DQ-1) When forming a company, the options are sole proprietor, partnership, and corporation. Most choose incorporation. Why is the corporate form seen to be best? What rights do the stockholders have?     DQ-2) Go to Course Home and review the Course Project tab. In this graded discussion, we will be examining the process of evaluating the financial […]

You’ve just secured a new client in your accounting practice, the Rawls Repair Corporation, (RRC) a brand new small business specializing in bicycle repair.  The owner, Rob Rawls, is a terrific cyclist and bike repair specialist, but definitely not an accountant.  Your job is to help Rob put his affairs in order.  Luckily Rob has […]

DQ-1) In the spotlight about FedEx Corporation, you get a feel for the amount of investment in assets and the resulting liabilities that are required to operate a competitive corporation. Even small businesses require plant, property and equipment to compete and normally rely on some form of debt to finance itself. Let’s start up a company […]

Target   Download most recent Annual Report from their Website. ( Post with assignment)   Prepare an Excel Workbook. Tab 1 – Horizontal Analysis of the Balance Sheet Tab 2 – Vertical Analysis of the Income Statement Tab 3 – Financial Ratios – Select 2 profitability and 2 liquidity ratios  (Use formate covered in class, […]

1.     (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what assets value would be if Liabilities are $12,000 and Owners’ Equity is $50,000 by showing the Accounting Equation (10 points) and (2) provide an example of two asset accounts that could contain the value. (10 points) (Points : 20) […]

DQ-1)  A review of the balance sheet of a retailer, such as Wal-Mart, will disclose that in current assets the majority investment is in inventory. With manufacturers, such as Ford, the inventory is spread between three different categories. Let’s start our discussion with some basic inventory questions. How is inventory valued? Which inventory valuation method […]

DQ-1) Unfortunately, a quick scan of the business news will normally result in reports of unethical business behavior. To prove this point, let’s start with a review of the news for stories about fraud and other unethical behavior in business. You can use the University Library to start your search. Once you have located an article […]

DQ-1)   Last week, we discussed “The Language of Business” and why the accounting information system is important in business. This week, we are going to look at the mechanics of how it all works. It might be a bit easier if we started with an example which would be the ShineBrite Car Wash, Inc. in […]

“Production Costs” Please respond to the following: You are the owner of a fast food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each […]