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Part A- Accounting and Cash Flow
1. Identify five local businesses and talk to their owners. Ask them about how they handle their accounting needs. Do they do it allthemselves or do they use an accountant or an accounting service? If they use an accountant or an accounting service, ask them in what way-merely to prepare taxes or do they draw on them for other advice?
2. Identify five local accountants or accounting firms. Ask them about the services that they provide to small businesses. If possible, try to determine the cost of these services.
3. Ask the five local businesses which system they use-cash or accrual-and why they use it.
Part B- Financial Management
1. Interview the owners of five local businesses and ask them what business organizational format they use and why they adopted that form.2. Ask them how they initially financed the start-up of their businesses.3. Ask these same owners how they prefer to finance the firm. (Note that most owners will probably not want to go into any detail about the financial operations of their businesses.)
4. Ask them if they have had any experience with any SBA loan program and if they have any reactions to these programs.
Prepare a contribution format income statement showing the net operating income each year from production and sale of the crazy bread and compute the simple rate of return for the new oven and equipment. (Round your answer to 1 decimal place.
Illustrate what is the company's total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios?
a. What is the difference between a firm's cash cycle and its operating cycle? b. How will a firm's cash cycle be affected if a firm increases its inventory, all else being equal? c. How will a firm's cash cycle be affected if a firm begins to take t..
Identify at least three external factors that must be considered when setting the sales budget. (Note: There is a difference between internal and external factors that impact the sales budget.) What factors might explain any differences identified in..
valuation of plant assets and land as per gaaps.martin buber co. purchased land as a factory site for 400000. the
Examine the requirements for measuring assets at fair value in the following accounting standards.
question refer to the preceding facts for the purples acquisition of salmon common stock. on january 1 2012 salmon held
Based on your experience with DFDs and system flowcharts as well as the text material, provide your thoughts on the circumstances under which each type of diagram would be most useful
The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Use the graph in part (a) to determine the level of production x at which consumer expenditure is largest. What price p correspnds to maximum consumer expenditure?
Determine the cost of the inventory on December 31, 2010, by the last-in, first out method, following the procedures indicated in.
computation of retained earnings.retained earnings computations during 2006 edgemont corporation had revenues of 230000
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