Description The double entry system of accounting has been in existence for over 500 years. We still use it because it provides a way to check our work for accuracy. Even the simplest accounting software programs use this system. Discuss the pros and cons of the double entry system, and share any experience you have working either in an accounting department or with accounting software. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

The double entry system of accounting has been in existence for over 500 years. We still use it because it provides a way to check our work for accuracy. Even the simplest accounting software programs use this system. Discuss the pros and cons of the double entry system, and share any experience you have working either in an accounting department or with accounting software.

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Description As a CFO of a publically traded company, suggest how you would create an ethical environment to ensure account balances are correctly valued and reported so that information is reliable for users. Provide support for your rationale. Assess the ethical requirements as outlined in the Sarbanes-Oxley Act, indicating whether or not you believe the requirements are adequate to ensure integrity in financial accounting and reporting activities. Suggest improvements that may be needed while providing support for your rationale. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

As a CFO of a publically traded company, suggest how you would create an ethical environment to ensure account balances are correctly valued and reported so that information is reliable for users. Provide support for your rationale. Assess the ethical requirements as outlined in the Sarbanes-Oxley Act, indicating whether or not you believe the requirements are adequate to ensure integrity in financial accounting and reporting activities. Suggest improvements that may be needed while providing support for your rationale.

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Description In today’s business environment where publicly traded companies feel pressure to meet short-term earnings expectations, management may be tempted to “manage earnings”. Assess how a financial statement user may be able to detect managed earnings when reviewing the firm’s balance sheet, income statement, and cash-flow statement. Indicate how a potential investor might interpret these “red-flags”. Provide support for your rationale.Assess how the Sarbanes-Oxley Act addresses the concern of corporate “managed earnings”, indicating whether or not you believe the requirements within the Act are sufficient to minimize these concerns. Provide support for your rationale User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

In today’s business environment where publicly traded companies feel pressure to meet short-term earnings expectations, management may be tempted to “manage earnings”. Assess how a financial statement user may be able to detect managed earnings when reviewing the firm’s balance sheet, income statement, and cash-flow statement. Indicate how a potential investor might interpret these “red-flags”. Provide support for your rationale.Assess how the Sarbanes-Oxley Act addresses the concern of corporate “managed earnings”, indicating whether or not you believe the requirements within the Act are sufficient to minimize these concerns. Provide support for your rationale

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Description The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is “looking up”. As a result, the cemetery project will provide a net cash inflow of $105,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 5 percent per year forever. The project requires an initial investment of $1,580,000. a-1 What is the NPV for the project if Yurdone’s required return is 10 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)    NPV $    a-2 If Yurdone requires a return of 10 percent on such undertakings, should the firm accept or reject the project? Accept Reject   b. The company is somewhat unsure about the assumption of a growth rate of 5 percent in its cash flows. At what constant growth rate would the company just break even if it still required a return of 10 percent on investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)    Constant growth rate  %  User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is “looking up”. As a result, the cemetery project will provide a net cash inflow of $105,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 5 percent per year forever. The project requires an initial investment of $1,580,000.

a-1

What is the NPV for the project if Yurdone’s required return is 10 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

 

 NPV $ 

 

a-2

If Yurdone requires a return of 10 percent on such undertakings, should the firm accept or reject the project?

Accept
Reject

 

b.

The company is somewhat unsure about the assumption of a growth rate of 5 percent in its cash flows. At what constant growth rate would the company just break even if it still required a return of 10 percent on investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

 

 Constant growth rate  % 

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Description Information Needs for the AISFor this assignment, research the Internet or Strayer databases for information related to improper assumptions concerning accounting information systems.Write a five to seven (5-7) page paper in which you:Based on your research, assess how corporate leaders may make improper assumptions related to accounting information systems and the related information. Indicate the most negative potential impacts on business operations related to these assumptions. Provide support for your rationale.Suggest three to four (3-4) ways in which organizational performance may be improved when information is properly managed within a business system. Provide support for your rationale.Evaluate the level of system security (i.e., high, medium, low) needed to ensure information integrity within automated business systems. Provide support for your evaluation.Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Examine and use data flow diagrams and flowcharts to understand, evaluate, and design information systems.Evaluate the approaches and techniques that are used to commit and prevent computer fraud.Use technology and information resources to research issues in accounting information systems.Write clearly and concisely about accounting information systems using proper writing mechanics. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Information Needs for the AISFor this assignment, research the Internet or Strayer databases for information related to improper assumptions concerning accounting information systems.Write a five to seven (5-7) page paper in which you:Based on your research, assess how corporate leaders may make improper assumptions related to accounting information systems and the related information. Indicate the most negative potential impacts on business operations related to these assumptions. Provide support for your rationale.Suggest three to four (3-4) ways in which organizational performance may be improved when information is properly managed within a business system. Provide support for your rationale.Evaluate the level of system security (i.e., high, medium, low) needed to ensure information integrity within automated business systems. Provide support for your evaluation.Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Examine and use data flow diagrams and flowcharts to understand, evaluate, and design information systems.Evaluate the approaches and techniques that are used to commit and prevent computer fraud.Use technology and information resources to research issues in accounting information systems.Write clearly and concisely about accounting information systems using proper writing mechanics.

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Description What factors do you think affect a company’s choice of investment vehicles?Need minimum of 250 words. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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What factors do you think affect a company’s choice of investment vehicles?Need minimum of 250 words.

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Description Please see attach files. 2 attachmentsSlide 1 of 2attachment_1attachment_1attachment_2attachment_2.slider-slide > img { width: 100%; display: block; } .slider-slide > img:focus { margin: auto; } Unformatted Attachment Preview In this case, you will record the effects of transactions using the accrual method of accounting. Carl Crow is a licensed architect. During the first month of operation of his business, the events and transactions listed below occurred. Prepare general journal entries using an Excel spreadsheet to record the transactions listed below for the Carl Crow Co. Assignment Template attached below Use the following chart of accounts: •Cash •Accounts receivable •Supplies •Accounts payable •Unearned revenue •Carl Crow, capital •Service revenue •Salaries expense •Rent expense Use the numbers beside each transaction to identify your entries: 1.Invested $30,000 in cash. 2.Hired a secretary-receptionist at a salary of $500 per week payable monthly. 3.Paid office rent of $800 for the month. 4.Purchased architectural supplies on account from Halo Company for $1,500. 5.Completed blueprints on a carport and billed client $1,200 for services. 6.Received $500 cash advance from R. Welk for the design of a new home. 7.Received $1,500 cash for services completed and delivered to P. Donahue. 8.Paid the secretary-receptionist $2,000 for the month. 9.Paid $600 to the Halo Company for accounts payable due. Instructions: In an Excel spreadsheet, prepare journal entries 1 through 9. Make sure that the debits equal the credits for each journal entry. Under each journal entry, be sure to include one sentence that explains the transaction. Accounting CHERYL CROW CO. Acct Name 1 2 3 4 5 6 7 8 9 Debit Credit Purchase answer to see full attachment User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Please see attach files.

2 attachmentsSlide 1 of 2attachment_1attachment_1attachment_2attachment_2.slider-slide > img { width: 100%; display: block; }
.slider-slide > img:focus { margin: auto; }

Unformatted Attachment Preview

In this case, you will record the effects of transactions using the accrual method of accounting.
Carl Crow is a licensed architect. During the first month of operation of his business, the events and
transactions listed below occurred.
Prepare general journal entries using an Excel spreadsheet to record the transactions listed below for
the Carl Crow Co.
Assignment Template attached below
Use the following chart of accounts:
•Cash
•Accounts receivable
•Supplies
•Accounts payable
•Unearned revenue
•Carl Crow, capital
•Service revenue
•Salaries expense
•Rent expense
Use the numbers beside each transaction to identify your entries:
1.Invested $30,000 in cash.
2.Hired a secretary-receptionist at a salary of $500 per week payable monthly.
3.Paid office rent of $800 for the month.
4.Purchased architectural supplies on account from Halo Company for $1,500.
5.Completed blueprints on a carport and billed client $1,200 for services.
6.Received $500 cash advance from R. Welk for the design of a new home.
7.Received $1,500 cash for services completed and delivered to P. Donahue.
8.Paid the secretary-receptionist $2,000 for the month.
9.Paid $600 to the Halo Company for accounts payable due.
Instructions:
In an Excel spreadsheet, prepare journal entries 1 through 9. Make sure that the debits equal the credits
for each journal entry. Under each journal entry, be sure to include one sentence that explains the
transaction.
Accounting
CHERYL CROW CO.
Acct Name
1
2
3
4
5
6
7
8
9
Debit
Credit

Purchase answer to see full
attachment

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Description On January 1 of Year 1, Lily Company issued bonds with a coupon rate of 7% and a face amount of $3,000. The bond interest payments are made twice each year on June 30 and on December 31. The bonds mature in 12 years. The market interest rate for bonds with the same degree of riskiness is 10% compounded semi-annually. On January 1 of Year 1,Investor Company purchased all of the Lily Company bonds when they were issued. Investor Company has classified this investment in bonds as a held-to-maturity investment. What is the total amount of interest revenue that Investor Company will report in Year 1 in connection with this bond investment? Of course, Investor Company uses the effective interest amortization method. Note: Round all of your calculations to the nearest penny. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

On January 1 of Year 1, Lily Company issued
bonds with a coupon rate of 7% and a face amount of $3,000. The bond interest
payments are made twice each year on June 30 and on December 31. The bonds
mature in 12 years. The market interest rate for bonds with the same degree of
riskiness is 10% compounded semi-annually. On January 1 of Year 1,Investor
Company purchased all of the Lily Company bonds when they were issued. Investor
Company has classified this investment in bonds as a held-to-maturity
investment. What is the total amount of interest revenue that Investor Company
will report in Year 1 in connection with this bond investment? Of course,
Investor Company uses the effective interest amortization method. Note: Round
all of your calculations to the nearest
penny.

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Description Review the article in Chapter 2 of the text titled “High Fixed Costs Bankrupt Twinkie Maker” regarding the bankruptcy of Hostess Brands – maker of the renowned Twinkie! Identify the cause of the bankruptcy in terms of variable costs and fixed costs. Utilize your knowledge of costs to suggest a plan that could have saved Hostess Brands. 1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; } .slider-slide > img:focus { margin: auto; } Unformatted Attachment Preview Purchase answer to see full attachment User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

Review the article in Chapter 2 of the text titled “High Fixed Costs Bankrupt
Twinkie Maker” regarding the bankruptcy of Hostess Brands – maker of the
renowned Twinkie! Identify the cause of the bankruptcy in terms of variable
costs and fixed costs. Utilize your knowledge of costs to suggest a plan that
could have saved Hostess Brands.

1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; }
.slider-slide > img:focus { margin: auto; }

Unformatted Attachment Preview

Purchase answer to see full
attachment

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Description Answer should be informal, and around 2 paragraphs with 2 in-text citations from internet sources. See below for question. (I check for plagiarism) A consultant commented that “too often the numbers look good but feel bad”. This comment often stems from an estimation error common to capital budgeting proposals that relate to future cash flows. Three reasons for this error often exist. First, reliability in predicting cash flows several years into the future is very difficult. Second, the present value of cash flows many years into the future (say, beyond 10 years) is often very small. Third, it is difficult for personal biases and expectations not to unduly influence present value computations.Discuss why these three areas are important to identify for estimation errors when you are considering an investment project. User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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Description

Answer should be informal, and around 2 paragraphs with 2 in-text citations from internet sources. See below for question. (I check for plagiarism) A consultant commented that “too often the numbers look good but feel bad”. This comment often stems from an estimation error common to capital budgeting proposals that relate to future cash flows. Three reasons for this error often exist. First, reliability in predicting cash flows several years into the future is very difficult. Second, the present value of cash flows many years into the future (say, beyond 10 years) is often very small. Third, it is difficult for personal biases and expectations not to unduly influence present value computations.Discuss why these three areas are important to identify for estimation errors when you are considering an investment project.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.