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Question - Look for the top 50 corporations in the Philippines and choose any of this company. Then research or secure copy of the latest 2 years' financial statements of the company you have chosen (Balance Sheet, Income Statement and Statement of Cash Flows.
Perform the horizontal, vertical and financial ratios and analysis. Based on the results, identify the weaknesses and strengths of the company based on the financial analysis. Lastly, make a conclusion and possible recommendations.
Follow the format in the presentation of your output:
I. Brief Background of the Company
II. Financial Statement Analysis (horizontal analysis, vertical analysis and financial ratios and analysis)
III. Weaknesses and Strengths of the Company
IV. Conclusion and Recommendations
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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