User Account

All Pages

Create a chart of t-accounts

Assignment Help Financial Accounting
Reference no: EM13493251

PART I Record Entries and Build the Financial Statements

1. Company Introduction and Overview

Give me quick overview of your company. What is your company's name? What products and services do you sell?

2. Journal Entry List

Record entries from the transaction and event list provided below in proper journal entry format.

NOTE: You are recording entries for the fiscal year 2011 (Jan 1 - Dec 31). This list must be organized. Make sure that I can easily identify the journal entry with the related transaction/event. Show your work if the entry requires you to make a calculation (i.e. depreciation, interest expense, etc.).

3. Chart of T-Accounts

Create a chart of T-Accounts and post each journal entry to the appropriate accounts.

4. Financial Statements

Build an income statement and balance sheet for the year ending December 31, 2011. Create a statement of cash flows for 2011.

PART II Analyze the Company

5. Ratio Analysis
Compute the following using the information from the financial statements you have produced for 2011. Show your work. Explain to me what every calculation means (i.e. explain the answer to me in non-book language).
- Earnings Per Share
- Price-earnings ratio
- Return on Equity
- Working Capital
- Current Ratio
- Quick Ratio
- AR Turnover
- Inventory Turnover
- Gross Profit
- Gross Profit Ratio
- Operating Income
- Operating Margin
- Debt-to-equity ratio
- Book value per share

6. Business Analysis

Perform an analysis of your business using your results from the required calculations listed above and any other trend information you deem to be relevant. Use these calculations to determine how the company is doing overall. Hint: Consider creating graphs/tables to support your conclusions NOTE: Before you prepare your response to this question, you need to come up to me and ask from which "point of view" you are to analyze the company. You will either be a banker, an investor (stockholder), or the CEO of this company. This is not for you to choose. I will assign this (once you ask).

7. Projected Income Statement for 2012

Build a projected income statement for next year based on forecasted sales that equal $3,250,000. Use the results of the analysis you performed in the preceding question and any other information you deem to be relevant to build this income statement. Provide a brief explanation of the method(s) your group used to determine the projected numbers. 8. Actual vs. Predicted Earnings Per Share Evaluation

Analysts predicted earnings per share (EPS) for your company to be $0.12 at the close of 2011.

How does this compare to actual EPS for 2011? If actual EPS is higher than the analysts' prediction, what factors contributed to the success? If actual EPS is lower than the prediction, how will you explain the shortfall to your investors? Is there anything you could have done to meet the prediction? NOTE: Assume that you are the CEO of the company when preparing your response to this question.

Reference no: EM13493251

Questions Cloud

Write a program that takes a string as input : Write a program that takes a string as input (from the user) and then reverses the contents of the string. Your program should work by using two pointers.
Explain how would the retention time of a solute in gas : How would the retention time of a solute in gas chromatography change if the flow rate of the carrier gas is slowed down?
How you would take advantage of this opportunity : Suppose you observe that a three-year, default-free security with an annual coupon rate of 10% and a face value of $1000 has a price today of $1183.50. Is there an arbitrage opportunity? If so,show specifically how you would take advantage of this op..
Produce a diagram of a proposed network : Produce a diagram of a proposed network
Create a chart of t-accounts : Analysts predicted earnings per share (EPS) for your company to be $0.12 at the close of 2011.
Sums each row in the array and displays the results : A. Write code that sums each row in the array and displays the results.
Compute the amount of pv work done : Calculate the amount of PV work done. c2h4(g)+h2(g)-->c2h6(g) Express your answer using two significant figures. The addition of H2 to C=C double bonds is an important reaction used in the preparation of margarine from vegetable oils.
Managing human capital : Human resource strategies can be stimulating to produce and satisfying to display, but how can we make sure that they are implemented
Determine magnitude of force is exerted on the wire : An electromagnet produces a magnetic field of 0.550 T in a cylindrical region of radius 2.40 cm between its poles. What magnitude of force is exerted on the wire

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the cost of capital for the individual components

Calculate the cost of capital for the individual components in the capital structure, and then calculate the weighted average cost of capital for Metacorp. Consider after-tax cost of capital in your calculations.

  What expenses are allowed on rental property

What expenses are allowed on rental property and how to allocate those expenses - Use the tax research methodology to research the regulations regarding rental income and expenses.

  Classification of cost in direct material direct labor

classification of cost in direct material direct labor overheads etc.using the code letters below indicate in the space

  Explain the production process

Explain the production process and the product or service and show the different production departments you think would be involved in the process.

  How much insurance expense will be recorded for accounting

How much insurance expense will be recorded for the accounting periods ending December 31, 2007, and December 31, 2008, if the company uses the accrual basis of accounting?

  Calculate the amount that total benefits

Calculate the amount that total benefits are projected to increase annually as a result of switching to a cellular manufacturing operation - What is the minimum acceptable price at which overall profit will not change?

  Aalespeople affecting the profit of snark corporation

How is the behavior of the salespeople affecting the profit of Snark Corporation? Is their behavior ethical? What could Snark Corporation do to change the behavior of thesalespeople and calculate the expected customer-level operating income for the..

  Compute arrows direct labor variances

Total overhead incurred amounted to $508,400. Budgeted fixed overhead totals $1.8 million and is spread evenly throughout the year.

  Create journal entries for each situation

Limon Company uses the chart of accounts shown below. Use the numbers preceding each title to create journal entries for each situation.

  You were hired as a financial consultant to defense

you were hired as a financial consultant to defense electronics inc dei a large publicly traded firm that is the market

  Case 1 general motors and japanese convergence vs chinese

case 1 general motors and japanese convergence vs. chinese convergencegeneral motors corp. is worlds largest automaker

  Dement publishing division

Dement Publishing Division and Revenue to be recognized

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd