Analyzing Financial Reports Chapter 16

1. The store sales increased over the prior year. The reasons for this change was that they built new stores.
2. An analysis of sales would be important to people reading an annual report because it would show them how well the company did over the past year.



"PetSmart opens, ALDI continues construction." Central Michigan Life. N.p., n.d. Web. 17 Mar. 2014. <http://www.cm-life.com/2012/09/06/petsmart-holds-grand-opening-saturday-aldi-continues-construction/>.

Making It Personal Chapter 16

Making It Personal- 

The seven denominations are: Ones, two dollar bills, fives, tens, twenties, fifty's, and hundreds. Ones have Washington's portrait on it, two dollar bills have Jefferson, fives have Lincoln's portrait, tens have Hamilton, twenties have Jackson's portrait, fifty's have Grant and hundreds have Franklin's portrait on it. The security threads on U.S. currency is used to prevent the duplication of money that isn't real. The security thread isn't able to duplicate. Torn bills are acceptable if over 50% of the bill is still intact. Then the bill can sent to the Bureau to be inspected.

 

"United States dollar." Wikipedia. Wikimedia Foundation, 17 Mar. 2014. Web. 17 Mar. 2014. <http://en.wikipedia.org/wiki/United_State 

International Accounting Chapter 16

My Model AB computer would not be competitive after the tariff because mine would be $215.25 and the other company's would be $210.



"Salon." Saloncom RSS. N.p., n.d. Web. 14 Mar. 2014. <http://www.salon.com/2013/08/06/scienti

Skills Beyond Numbers Chapter 16

Ice Cream Express

Male or Female ______________

Age__________

Income Level____________

Likes___________________________________

Dislikes________________________________

Favorite Ice Cream__________________________________

The incentives that I will offer to prompt customers to participate would be if they fill out the survey they will get a discount off of their ice cream the next time they come!

 

"» Ice Cream 4 - Peauxetic Expressions."Peauxetic Expressions. N.p., n.d. Web. 14 Mar. 2014. <http://blog.peauxeticexpressions.com/2013/12/04/ice-cream-scheme/ice-cream-4-2/>.

Communicating Accounting Chapter 16

Hello
I have purchased grain on account from the local feed store for $85 plus 6% sales tax, totaling $90.10. This was while I was at the equestrian competition last weekend.
Thanks
Sarah



"Feed Tags, Food Labels and Tunnel Vision." Pattis Naturally Unbridled Blog. N.p., n.d. Web. 14 Mar. 2014. <http://naturallyunbridled.com/blog/feed-tags-food-packages-and-tunnel-vision/>.

A Matter of Ethics Chapter 16

1. The ethical issues are that he is working for a second company and the company is his first company's enemy. By him telling you this information, you now have the weight to carry to keep it a secret. Bob may also be taking your company's accounting information.
2. The alternatives are to just let it go and let Bob work for both companies, tell Bob to tell his boss about working for the other company or to tell the boss because you don't know if Bob is taking your company's accounting information.
3. The affected parties are you, Bob, your boss and both companies.
4. The alternatives could help or hurt the affected parties by having the accounting information be shared, or by having someone who works for your competition.
5. I would tell my boss because I would not want to be accused of money missing or have anything to do with what Bob might be doing to help the other company.



"One Comment." Source The Station. N.p., n.d. Web. 14 Mar. 2014. <http://sourcethestation.com/idea/second-hand-furniture-store/>.

Case Study Chapter 16

1. Springdale Movie Theater is planning on expanding the concession area one and a half times its current size to offer a wider variety of foods.
Total Sales in Years 1-3: $20,180,000
Year 1- Ticket Sales: 23.8% Concession Sales: 8.19%
Year 2- Ticket Sales: 25.27% Concession Sales: 7.93%
Year 3- Ticket Sales: 26.76% Concession Sales: 7.33%

2.  They will need an increase of 33%.



"Secrets That The Fitness & Diet Industry Don't Want You To Know." 3 Tips to Smart Snacking at an East Bay Movie Theatre. N.p., n.d. Web. 14 Mar. 2014. <http://www.eastbaytrainer.com/east-bay-health-clubs-fitness-industry-secrets-blog/bid/39889/3-Tips-to-Smart-Snacking-at-an-East-Bay-Movie-Theatre>.

Critical Thinking Chapter 16

1. Special journals have amount columns that are used to record debits and credits to specific general ledger accounts. The purpose of a special journal is to simplify the journalizing and posting process.
2. Sales journal is a special journal used to record sales of merchandise on account. A cash receipts journal is a special journal used to record all cash receipt transactions.
3. To prove the Accounts Receivable Subsidiary Ledger I would prepare a schedule of accounts receivable that lists each charge customer, the balance in the customers account, and the total amount due from all customers.
4. A receipt of  cash from a charge customer will decrease the amount owed by the customer in the Accounts Receivable Credit column, while a receipt of cash at the time of merchandise sale is entered in the journal Sales Credit column and the Cash In Bank Debit column.
5. The errors is that the schedule of accounts shows the amount due while accounts receivable shows that they have actually paid so far.
6. Maintaining special journals will keep all of your data in an organized and easy to find fashion.



"Special Journals." Special Journals. N.p., n.d. Web. 14 Mar. 2014. <http://www.cliffsnotes.com/more-subjects/accounting/accounting-principles-i/subsidiary-ledgers-and-special-journals/special-journals>.

Making it Personal Chapter 15

The bank would ask me of previous history of loans or credit history. In return, I would ask if the interest rates are fixed or if they can differ at different times. I would ask the bank on the history on their loans as well because if they have a low percentage of loans taken out of their bank, then that might be an indicator as to what I should do there. If they have a low percentage it might mean that their rates are not as well as others or that the bank is not trustworthy. 

"Funding Capital Improvements Through a Bank Loan « Santa Fe Real Estate."Daily Rosetta. N.p., n.d. Web. 14 Mar. 2014. <http://www.dailyrosetta.com/funding-capital-improvements-through-a-bank-loan-santa-fe-real-estate/18140.html>.

International Accounting Chapter 15

E-procurement system would be helpful to the company in a few different ways. One way would be that since the purchases and sales go through the internet, the company would take less time to call orders over the phone or mailing them between the two plants. Also since an e-procurement system is electronic, transactions would go faster and more efficiently.

 

"Customer Feedback." e-Procurement Defined. N.p., n.d. Web. 14 Mar. 2014. <http://www.enporion.com/solutions/e-procurement_white_paper-3.html>.

Skills Beyond Numbers Chapter 15

WalkyDog Bike Leash- $49.95

Cyclone Gel Cycling Gloves- $27.99

Kids Bike Trailer- $289.99

Traveler Bag- $69.00

Mount Racks- $89.95

Sport Road Bike Pedals- $74.91

Repair stands- $149.99

GPS Computer Censored- $105.99

Windstopper Balaclava- $39.99

One Person Bicycling Tent- $212.49

"Bike Shops - Granville Bike Rentals & Guided Tours, Ltd.." Granville Bike Rentals & Guided Tours, Ltd.. N.p., n.d. Web. 14 Mar. 2014. <http://www.granvillebike.com/1/post/2012/12/bike-shops.html>.

Communicating Accounting Chapter 15

     In order to make sure that invoices are paid on time, I will employ the following plan;
I will use a tickler file to keep each invoice in order depending on the day of the month. For the tickler file I will mark the day it was put in and I will mark the day in which the discount is due. This way I will know when to send the payment and I will always be on time.


"Tickler File - Why and how to setup and use a tickler file system." Tickler File - Why and how to setup and use a tickler file system. N.p., n.d. Web. 14 Mar. 2014. <http://www.free-time-management-tips.com/tickler-file.html>.

A Matter of Ethics Chapter 15

1. The ethical issues are that they are trying to bribe you into buying products from their company and they will reward you for it.
2. The alternatives would be to go with the other company or ask the company offering the tickets to trade them for cheaper prices or free shipping.
3. The affected parties are you because you would receive the tickets and it is your decision whether or not to go with this company, the company trying to bribe you and the other company trying to gain your business.
4. The alternatives would affect the business bribing me because they would either not get my business or they would have to lose money, it would affect the other company because they would gain your business, and it would affect you by making the decision of which company to go for.
5. I would ask the company if they would trade the sports tickets into discounts and if they did not and persisted on the tickets then I would go with the other company.


"INNOVABEATALL.COM – media news and reviews." INNOVABEATALLCOM media news and reviews. N.p., n.d. Web. 14 Mar. 2014. <http://innovabeatall.com/cheap-sports-tickets-getting-the-function-tickets-to-get-cheap-prices/>.

Critical Thinking Chapter 15

1. A purchases discount is when a supplier offers a charge customer a cash discount for early payment.
2. A purchase requisition is a written request to order a specified item or items. A purchase order is a written offer to a supplier to buy specified items.
3. When the shipment arrived, I would unpack and check the contents against the quantities and items listed on the packing slip.
4. A purchases return occurs when a business returns merchandise to the supplier for full credit. A purchases allowance occurs when a business keeps less than satisfactory merchandise and pays a reduced price.
5. The importance of using a purchase requisition, a purchase order, a packing slip, and a processing stamp in the purchasing process of a business so that of the information needed can be found and nothing can be lost, all information will be able to be found in one place.
6. The subsidiary ledger is useful for keeping all of a clients accounting information in one area. It arranges the data in numerical orders. The ledger also keeps the accounts payable data on one form for each client, making the paperwork easier.




"Purchase Request Form - Excel - Excel."Docstoc.com. N.p., n.d. Web. 14 Mar. 2014. <http://www.docstoc.com/docs/60938152/Purchase-Request-Form---Excel---Excel>.