Expert Answers

Description Utilizing the fictitious company Tag-It Corporation, prepare next year's forecast with a pro forma income statement. Here is the current income statement for Tag-It: Download the income statement. Additionally, Tag-It's CEO has predicted a 12% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the correct section on the Excel spreadsheet. The total revenue numbers over the past 4 years for Tag-It Corporation were as follows (values in millions): 73,785 69,495 75,356 71,879 Determine whether you think Tag-It can hit the target of a 12% increase in sales next year. Prepare a 5 page report that includes a pro forma forecast using the template provided and an analysis of Tag-It’s ability to hit the 12% increase in sales in a separate word document. The use of 1 scholarly source (e.g., textbook, article from the CEC Library) is required. Be sure to show your analysis in a table in a word document. Answer the questions above as part of your analysis. The assignment is 5 pages minimum. The analysis can be one page of the analysis.

Description Instructions Submit the second part of your final project. It should be a complete, polished artifact reflecting the incorporation of feedback gained throughout the course. To complete this assignment, review the prompt and grading rubric in the Final Project Part II Guidelines and Rubric document. When you have finished your work, submit the assignment here for grading and instructor feedback.

Description Please help me do budget project and PowerPoint. No Plagiarize. Thank you very much ! You should help me do 1: project. The case and requirements will be in the file. 2: PowerPoint. The PPT will consist of research and text material on the managerial accounting problem and is to be considered an Executive Summary of the Project. Do NOT simply repeat the spreadsheets included in Project. And write a summary about PowerPoint.

Description Description This course contains a Course Project, where you will be required to submit one draft of the project at the end of Week 6, and the final completed project at the end of Week 8. Using the financial statements for Apple Inc. and Alphabet Inc., respectively, you will calculate and compare the financial ratios listed further down this document and prepare your comments about the two companies' performances based on your ratio calculations. The entire project will be graded by the instructor at the end of the final submission in Week 8, and one grade will be assigned for the entire project. Financial Statements Below is the link for the financial statements for Apple Inc. for the fiscal year ending 2017. https://investor.apple.com/investor-relations/default.aspx (Links to an external site.) When you arrive at this website, please do the following. First, select SEC Filings, next select Annual Filings using the drop-down arrow labeled All Filings and then select 2017, using the drop-down arrow labeled Year, You should select the 10-K dated 11/03/2017 and choose to download in PDF, HTML, or Excel format. The PDF format is the best format for searching. Below is the link for the financial statements for Alphabet, Inc. for the fiscal year ending 2017. https://abc.xyz/investor/ (Links to an external site.) First, scroll down to the bottom of the page and click on SEC filings and additional information. Next, click on Alphabet SEC filings. Type 10-K in as the Filing Type and click Search. Click on Documents for the 10-K dated 2018-02-06. Finally, click on the link next to the Form 10-K. This will open the 10-K in HTML format which is searchable. A Sample Project Template (Links to an external site.) is available for download. The sample project compares the ratio performance of Nike and Under Armour using the 2014 financial statements of Nike and Under Armour provided at their websites. Overall Requirements FOR THE FINAL SUBMISSION: For the Final Submission: Your final Excel workbook submission should contain the following. You cannot use any other software but Excel to complete this project. A Completed Worksheet Title Page tab, which is really a cover sheet with the names of each team member, the course, the date, your instructor's name, and the title for the project. A Completed Worksheet Profiles tab which contains a one-paragraph description regarding each company with information about their history, what products they sell, where they are located, and so forth. All 16 ratios for each company with the supporting calculations and commentary on your Worksheet Ratio tab. Supporting calculations must be shown either as a formula or as text typed into a different cell. The ratios are listed further down this document. Your comments for each ratio should include more than just a definition of the ratio. You should focus on interpreting each ratio number for each company and support your comments with the numbers found in the ratios. You need to specifically state which company performed better for each ratio. The Summary and Conclusions Worksheet tab is an overall comparison of how each company compares in terms of the major category of ratios described in Chapter 13 of your textbook. A nice way to conclude is to state which company you think is the better investment and why. The Bibliography Worksheet tab must contain at least your textbook as a reference. Any other information that you use to profile the companies should also be cited as a reference as well as the links to the financial statements. Required Ratios for Final Project Submission Earnings per Share of Common Stock Current Ratio Gross Profit Rate Profit Margin Inventory Turnover Days in Inventory Accounts Receivable Turnover Average Collection Period Asset Turnover Return on Assets (ROA) Debt to assets Ratio Times Interest Earned Ratio Dividend Yield [For the purposes of this ratio, use Yahoo Finance to look up current dividend per share and stock price; just note the date that you looked up this information.] Return on Common Stockholders' Equity (ROE) Free cash flow Price-Earnings Ratio [For the purpose of this ratio, look up the market price per share as of September 28, 2017 for Apple Inc. and for Alphabet, Inc. use December 29, 2017] Note: The Excel files uploaded as the assignment submission should not include any unnecessary numbers or information (such as previous years' ratios, ratios that were not specifically asked for in the project, etc.).

Description ACC 5301 Week 2 - Cookie Business Instructions Cookie Business In this project, you will open your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will create a series of reports and analyze the results using the templates provided to guide you through the project. The learning objectives of this project are as follows: Gain an understanding of product costing (direct materials, direct labor, and overhead) Review job order costing Review process costing Make business decisions based on analyzing accounting data. For this component, you will prepare a four-to-five-page written report (including the spreadsheets, which should be incorporated into your paper), with at least three scholarly sources using the Unit II Project Template. You will create a report based on the premise that you want to establish a cookie business that sells only one type of specialty cookie with two employees. Your report will provide the following information: Introduction (Part 1) Create a name and establish a locale for the business. Construct a mission statement. Decide on the type of cookie you want to sell. Costing and Sales Information, Production of 1,000 cookies (Part 2) Estimate and explain the costs per cookie based on job order costing. Prepare a job order cost sheet by researching the pricing for these top five ingredients: butter, sugar, vanilla, flour, chips/add-ins. Manufacturing overhead is 30% of direct labor costs. It will take two employees working two days to make 1,000 cookies. For process costing, you will examine the costs per 1,000 cookies looking at these top three processes (departments): Mixing, Add-ins, and Packaging. The Mixing Department will be examined in depth. Materials will be added at the beginning of the process. The cookies will be in the Mixing Department for a total of eight hours; however, the cookies will only be 40% complete before they are transferred to the Add-ins Department. (Use this % for conversion costs.) Using the job-order costing system, determine the costs and sales price of your cookies. Differences between two-process cost systems (Part 3) Compare and contrast the cost methods examined in this project. Discuss using the information created, which costing method in this example, gives more complete costing information, and why. Discuss product costs and conversion costs and their importance in both costing systems. Variances in production – Costs and Revenues (Part 4) Examine the variances in both the job order costing and process costing (for the Mixing Department only) systems if the number of your cookies was to decrease to 500 cookies or increase to 1,500 cookies. Examine the effect on revenue these two variances in production would have. Conclusion (Part 5) Use the Unit II Cookie Project Spreadsheet Templates for your costing systems and embed them into your case study document. For your paper, be sure to use APA formatting throughout, and reach out to the Writing Center or the CSU Online Library for assistance with research, writing, and formatting. Include at least two of the three resources from the CSU Online Library in your report.

Description Resources Required Microsoft® Excel® Content Met Partially Met Not Met Comments: Selected a Fortune 500 Company from one of the following industries: Pharmaceutical Energy Retail Automotive Computer Hardware Reviewed the balance sheet and income statement in the company’s 2015 Annual Report. Calculated the following ratios using Microsoft® Excel®: Current Ratio Quick Ratio Debt Equity Ratio Inventory Turnover Ratio Receivables Turnover Ratio Total Assets Turnover Ratio Profit Margin (Net Margin) Ratio Return on Assets Ratio Analyzed in 1,050 words why each ratio is important for financial decision making. Total Available Total Earned 5 #/5 Writing Guidelines Met Partially Met Not Met Comments: The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Total Available Total Earned Assignment Total Additional comments:INCLUDE INTRODUCTION/CONCLUSION The purpose of this assignment is to help students gain a better understanding of the financial statements used for corporate financial reporting and the key ratios used to make business decisions. Assignment Steps Select a Fortune 500 Company from one of the following industries: Pharmaceutical Energy Retail Automotive Computer Hardware Review the balance sheet and income statement, in the company's 2015 Annual Report. Calculate the following ratios using Microsoft® Excel®: Current Ratio Quick Ratio Debt Equity Ratio Inventory Turnover Ratio Receivables Turnover Ratio Total Assets Turnover Ratio Profit Margin (Net Margin) Ratio Return on Assets Ratio Analyze in 1,050 words why each ratio is important for financial decision making. Submit your analysis as well as your calculations. with three references per review

Description 1. Record, using a super-T, all opening balances, transactions, and adjusting entries relating to Lakeshore’s merchandising operations for the month ending May 31, 2021. 2. Prepare the revenue and cost of goods sold sections as they would appear on Lakeshore’s statement of earnings for the month ending May 31, 2021.

Description 1. Click on the MyLab accounting link on the left. Then click on the Assignments link. 2. Complete the Chapter 1 Exercises assignment. The exercises in this task are related to the introduction to managerial accounting.  THESE EXERCISES WILL REMAIN OPEN AFTER THEIR DUE DATE. YOU CAN WORK THEM OR IMPROVE YOUR GRADE AFTER 3/5 WITHOUT PENALTY. To complete this task, you must: 1. Click on the Mylab accounting link on the left. Then click on the Assignments link. 2. The test in this task is related to the introduction to managerial accounting. Select one of the videos contained in the "Watch this" area in MyLab. Write here a reflection stating which video you chose, and say how watching the video helped you better understand the whole chapter contents.

Description The information that follows pertains to Julia Company: (a) Temporary differences for the year 2024 are summarized below. Expenses deducted in the tax return, but not included in the income statement: Depreciation$ 67,000Prepaid expense8,700 Expenses reported in the income statement, but not deducted in the tax return: Warranty expense$ 9,700 (b) No temporary differences existed at the beginning of 2024. (c) Pretax accounting income was $74,700 and taxable income was $8,700 for 2024. (d) There were no permanent differences. (e) The tax rate is 40%. Required: Prepare the journal entry to record the tax provision for 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Isaac Incorporated began operations in January 2024. For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment payments. In 2024, Isaac had $655 million in sales of this type. Scheduled collections for these sales are as follows: 2024$ 64million2025124million2026140million2027155million2028172million $ 655million Assume that Isaac has a 30% income tax rate and that there were no other differences in income for financial statement and tax purposes. Suppose that, in 2025, legislation revised the income tax rates so that Isaac would be taxed in 2026 and beyond at 25%, rather than 30%. Assume that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses and additional sales in 2025, what deferred tax liability would Isaac report in its year-end 2025 balance sheet?

Description Topic 4 DQ 2 Review Problem 6.34 in your textbook. Using the questions provided as a guide, explain how you think the performance report presented may impact the company. Please review the posts of your classmates before responding to Problem 6.34; discuss three weaknesses that are different than what your classmates' posted, or provide a different explanation as to why the item poses a weakness. To participate in follow up discussion, ask questions and post comments regarding classmates' posts, or respond to follow-up questions posted by the instructor. Please include proper citations in your discussion post. Points will be deducted if proper citations are not used. Submitted on: Feb 29, 2024, 6:37 PM VIEW DQ RESPONSE YC Yetzamanie Cadena Mar 4, 2024, 6:53 PM Unread 1. Identify at least three weaknesses in the June production performance report. *Lacks comparison with any benchmarks or standards, making it difficult to assess whether the performance is good or bad. Without a benchmark, it's challenging to determine if the variances are significant or within acceptable limits. *Provides variances without any analysis or explanation behind the reasons for these discrepancies. This lack of insight hinders managers' ability to identify the root causes of the issues and take corrective actions. *Mainly focuses on financial aspects, such as revenue and expenses, neglecting operational metrics like production efficiency or quality. Without a holistic view of the division's performance, managers may overlook critical areas needing improvement. 2. Discuss the behavioral implications of Sara’s remark to Ken. *Ken might feel demotivated and defensive, as the comment implies his division's performance is inadequate. This could reduce his morale and engagement with his work. *Ken may start avoiding accountability or taking risks to avoid further criticism from Sara or upper management. *Other managers witnessing this exchange may lose trust in Sara's leadership and become disengaged, fearing similar public criticism. 3. Prepare a more informative production performance report for June to assist in the evaluation of Ken’s division. *Compare actual performance with budgeted figures and industry benchmarks to provide context for the variances. *Accompany each variance with an explanation, highlighting the key drivers behind the discrepancies. This analysis can help identify areas for improvement and guide corrective actions. *Introduce operational metrics such as production efficiency, defect rates, or customer satisfaction scores to provide a comprehensive view of performance. 4. Discuss how your recommended changes in reporting are likely to affect Ken’s behavior. The revised report provides Ken with a clearer understanding of his division's performance, including areas of strength and opportunities for improvement. With detailed analysis and benchmarks, Ken can better identify areas needing attention and take proactive measures to address them. This transparency and guidance are likely to motivate Ken to work towards improving his division's performance rather than feeling demotivated or defensive. Additionally, the focus on operational metrics emphasizes the importance of efficiency and quality, encouraging Ken to prioritize these aspects in his division's operations. Overall, the revised report is expected to foster a more constructive and collaborative approach to performance management within the organization. Davis C. E., & Davis E. (2020). Managerial Accounting, Enhanced eText (4th ed.). John Wiley & Sons.      ISBN-13: 978EEGRP40373