User Account

All Pages

How are cash equivalents defined in the notes

Assignment Help Accounting Basics
Reference no: EM131146428

The financial statements of Tootsie Roll are presented in Appendix A of this book, together with an auditor's report-Report of Independent Auditors.

Instructions

Using the financial statements and reports, answer these questions about Tootsie Roll's internal controls and cash.

(a) What comments, if any, are made about cash in the "Report of Independent Registered Public Accounting Firm"?

(b) What data about cash and cash equivalents are shown in the consolidated balance sheet (statement of financial position)?

(c) What activities are identified in the consolidated statement of cash flows as being responsible for the changes in cash during 2009?

(d) How are cash equivalents defined in the Notes to Consolidated Financial Statements?

(e) Read the section of the report titled "Management's Report on Internal Control Over Financial Reporting." Summarize the statements made in that section of the report. 

Reference no: EM131146428

Questions Cloud

What would a competing retailer have to do in order to get : What is your favorite retail store? Why do you like this retailer’s business? Which of the marketing mix elements of this business do you find most compelling? Explain why. What would a competing retailer have to do in order to get you switch your lo..
The financial statements of the hershey company : Identify two accounts on Hershey's balance sheet that provide evidence that Hershey uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process.
Describe the two product and service offerings : Select two actual advertising campaigns (current or past) - choosing one that you think is effective and one that you think is ineffective. Briefly name and describe the two product/service offerings, then compare the two ad campaigns. What makes one..
Special problems-crises can new entrepreneurial businesses : What special problems and crises can new entrepreneurial businesses expect as they grow? Why do these occur? Respond to at least two of your classmates’ postings and provide recommendations to prevent or to solve the problems and crises they have ide..
How are cash equivalents defined in the notes : What activities are identified in the consolidated statement of cash flows as being responsible for the changes in cash during 2009?
Determine use integer programming versus linear programming : I understand that Integer programming uses whole number, and linear programming does not. However, what are some examples of best situations to use integer programming versus linear programming? Best situations to use linear programming versus intege..
Determine criteria to be utilized to evaluate alternatives : Choose a business or organizational problem that you may be able to solve with managerial economic techniques. Identify and define the problem (and include literature review summary). Determine set of alternative solutions. Determine criteria to be u..
What is the annual cost for storing item x : Whenever item X is ordered, what should be the order size? What is the annual cost for ordering item X? What is the annual cost for storing item X?
The right to monitor all internet surfing at work : Should companies have the right to monitor all Internet “surfing” at work? Should organizations' network be open for one's leisure use? How would you react if a company stipulated that no personal web browsing is allowed, if discovered, could result ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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