ACT 5140 – Accounting for Decision Makers Lowes Companies Assignment Directions: Answer all the questions.Please submit your work in Word or PDF formats only.You can submit an Excel file to support calculations, but please “cut and paste” your solutions into the Word or PDF file. Be sure to show how you did your calculations. Part 1 Perform a vertical and horizontal analysis of Lowes Companies […]

P12-1A – Compute annual rate of return, cash payback, and net present value Managerial Accounting, 6th Edition, by Weygandt, Kieso, and Kimmel Primer on Using Microsoft Excel in Accounting by Rex A Schildhouse Problem P12-1A Henkel Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows: Project Kilo Project Lima […]

Define Purchasing power Parity. What is the importance of purchasing power parity when you are trying to establish value for a company located in an emerging market?

Indigo Osho Manufacturing Limited (IOML)You have been assigned as the auditor in charge of one of your firm’s high-technology public company audits. Indigo Osho Manufacturing Limited (IOML), located in Ottawa, Ontario, designs and sells computer monitors, televisions, and viewing monitors for a variety of devices in the computing and technology sectors, including the health care industry. For example, it sells monitors that are used in […]

QuizQuestion 1 (5 points)Question 2 (5 points)Note: It is recommended that you save your response as you complete each question.Directions: This quiz tests how well you understand the concepts covered in Weeks 5 and 6.Quiz 3 contains 10 multiple-choice questions worth 5 points each. Problems 1 and 2 are worth 20 points each. Problem 3is worth 10 points.The computer will automatically grade the multiple-choice questions, […]

E4-5 (Multiple-Step and Single-Step) Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2014 information related to P. Bride Company ($000 omitted).Administrative expense Officers’ salaries $ 4,900Depreciation of office furniture and equipment 3,960Cost of goods sold 60,570Rent revenue 17,230Selling expense Delivery expense 2,690Sales […]

Quiz 2Multiple choice (5 pts each) (highlight or clearly mark your answer)In a good internal control system, which of the following documents are required for proper approval of a payment to a supplier?a journal entry, a supplier invoice, and a description of the goods being purchaseda receiving report, an invoice, and a purchase ordera purchase order, a journal entry, and a price cataloga supplier invoice, […]

Assignment 6.1 Handout1. Shepherd Cycles used the FIFO inventory method in 2010. Shepherd Cycles plans to continueusing the FIFO method in future years.RequirementR1. Which inventory principle is most relevant to Shepherd’s decision?2. Shepherd Cycles does not expect prices to change dramatically and wants to use a methodthat averages price changes.RequirementsR1. Which inventory method would best meet Shepherd’s goal?R2. What if Shepherd wanted to expense out […]

ACG 3501 Government Activity 2 Instructions Use an Excel spreadsheet to organize the background information provided here in such a manner as to allow you to answer the questions noted under the “Quizzes” tab for “Government Activity 2”. For this assignment you are required to prepare journal entries and post them to T accounts as well as to use the encumbrance worksheet approach if applicable. […]

Magic Blade’s stock has risen rapidly to $50 per share. The increase is due to excitement about its new knifethat uses a light beam to slice fruits and vegetables. This process enhances the final appearance and qualityof salads and fruit trays.The board of directors is considering strategies to divide the corporate ownership into more shares of stock,and bring about some reduction in the price per […]