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FIN 324 Week 5 Summary
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FIN 324 Week 5 Learning TeamAssignment Investor Profile Paper
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Assignment-Investor-Profile-Paper
Resource:Mergent Online database
Select one of the organizations you have analyzed during the course.
Prepare a 350- to 700-word paper in which you address the following:o Identify
two lenders the organization uses.
Identify the investment bank the organization uses to issue stock.o Identify and
discuss the role these intermediaries play for the organization.o Discuss which
government entities regulate securities this organization issues.
Examine the role these entities play for investors.
Format your paper according to APA standards.
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FIN 324 Week 5 Individual Assignments From The Readings
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from-the-Readings
Resource:Fundamentals of CorporateFinance, Accounting Concepts and
Applications
Prepare answers to the following problems:o Quiz Problems 1 and 5 (Ch. 19) of
Fundamentals of CorporateFinance
Prepare answers to the following question:o Discussion Question 3 (Ch. 22) of
Accounting Concepts and Applications
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FIN 324 Week 5 DQ 3
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What are some agencies in the Department of Commerce? Does an organization
receive money when its stockis traded in the secondarymarket?
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FIN 324 Week 5 DQ 2
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How does an organization affect its stockprice? Why is it effective to have
agencies that focus on specific industries?
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FIN 324 Week 5 DQ 1
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What is the difference between stocks and bonds?Which represents more risk to
the organization?
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FIN 324 Week 4 Summary
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FIN 324 Week 4 Learning TeamAssignment Final Report
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Assignment-Final-Report
The chief executive officer of your organization has asked you to compare the
organization you are thinking of acquiring with a competitor. Obtain financial
statements for the organization under investigation and its competitor, and perform
the following tasks:
Prepare a 700- to 1,050-word summary comparing the organizations’ two most
recent fiscal years, based on the following: Profitability ratios Management
efficiency ratios Leverage ratios
Select and calculate 6-8 financial ratios from your materials for both fiscal years,
analyzing the above topics. Additionally, briefly discuss the conceptof operating
cost. Finally, evaluate annual and year-to-year results to interpret where your
takeover target compares to its competition.
Format your paper according to APA standards
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FIN 324 Week 4 Individual Assignments From The Readings
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from-the-Readings
Resource:Accounting Concepts and Applications
Prepare answers to the following questions and exercises:o Discussion Questions
9-11, 16, and 18 (Ch. 15) of Accounting Concepts and Applicationso Practice
Exercise 15-8, 15-12, and 15-14 (Ch. 15) of Accounting Concepts and
Applicationso Exercise 15-23 (Ch. 15) of Accounting Concepts and Applications
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FIN 324 Week 4 DQ 5
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How does extending credit affect working capital requirements and the cash
conversion period?
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FIN 324 Week 4 DQ 4
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What are ramifications if an organization has too much cash on hand? How have
recent zero money down and zero money interest for 12 months offers affected
potential cash buyers?
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FIN 324 Week 4 DQ 3
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What costs are associated with inventory? Why is controlling turnover in the
inventory important? How can improvements in inventory management affect
profitability?
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FIN 324 Week 4 DQ 2
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Why is controlling turnover in the inventory important? How can improvements in
inventory management affect profitability?
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FIN 324 Week 4 DQ 1
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Define the purposeof working capital.
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FIN 324 Week 3 Summary
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FIN 324 Week 3 Learning TeamAssignment Key Financial Relationships
Paper
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Assignment-Key-Financial-Relationships-Paper
Resource:Review of Financial Statements Paper
Prepare a 1,050- to 1,400-word summary comparing the organizations’ two most
recent fiscal years based on the following:
Discuss the interrelationships noted among data provided by each statement.o
Describe where key components of the basic accounting equation are illustrated in
the organization’s financial statements.o Describe any control techniques or issues
discussed in the statements.
Format your paper according to APA standards
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FIN 324 Week 3 Individual Assignments From The Readings
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from-the-Readings
Resource:Accounting Concepts and Applications
Prepare answers to the following exercises:o Practice Exercise 2-14 (Ch. 2) of
Accounting Concepts and Applications Exercises 2-25, 2-27—Part 1—2-32, 2-29,
and 2-33 (Ch. 2) of Accounting Concepts and Applications
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FIN 324 Week 3 DQ 4
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What are three U.S. stockexchanges where equities are publicly traded? Why may
a stocksplit not be of great value to existing shareholders? How can a dividend
policy be amended to address shareholders’ expectations of increasing returns?
How do we estimate future dividends?
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FIN 324 Week 3 DQ 3
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Should a company have more debtor more equity in its capital structure? Explain
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FIN 324 Week 3 DQ 2
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What is the value of common stockdependent on?
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FIN 324 Week 3 DQ 1
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What is the difference between operating and financial leverage? Can there be too
much financial leverage in a firm? Why or why not?
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FIN 324 Week 2 Summary
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FIN 324 Week 2 Learning TeamAssignment Review Of Financial Statements
Paper
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Assignment-Review-of-Financial-Statements-Paper
You are attending a managerial meeting in your publicly held organization to hear
a proposalfor a possible corporatemerger with a competitor. After a brief
discussion, the chief financial officer conducts a presentation showing the
competitor’s financial statements. Some of your colleagues have little or no
financial background. You have decided to further their understanding by
conducting a financial comparisonof two publicly traded organizations.
Resources:Electronic Reserve Readings, Week Two readings
Select two publicly traded organizations.
Prepare a 1,050- to 1,400-word paper to provide an introductory overview of the
financial statements, addressing the following:
Provide a brief overview of each organization and highlight key information
available on each statement, including the following items for each organization:
What is the organization’s productor service?
When was the organization established?
What accounting organization audited its financial statements?
Identify the financial statements utilized by your selected organizations. Define
basic accounting concepts, terminology, and transactions discussed in the
organization’s financial statements, and list the accounts affected by the
transaction. Also, identify financial statements affected by the transaction.
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FIN 324 Week 2 Individual Assignments From The Readings
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from-the-Readings
Resource:Accounting Concepts and Applications
Prepare answers to the following questions and exercises:
Discussion Questions 5 and 7 (Ch. 1) of Accounting Concepts and Applicationso
Practice Exercises 3-1, 3-2, 3-11, 3-12, 3-17—related to 3-11 and 3-12—and 3-
19—related to 3-17 (Ch. 3) of Accounting Concepts and Applicationso Exercise 3-
34 (Ch. 3) of Accounting Concepts and Applicationso Discussion Questions 7, 9,
15, and 16 (Ch. 4) of Accounting Concepts and Applications
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FIN 324 Week 2 DQ 6
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Discuss the two different financial statements. Describe their purpose, layout, and
relationship to another financial statement.
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FIN 324 Week 2 DQ 5
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What is the benefit of cross functional training where it relates to the accounting
function?
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FIN 324 Week 2 DQ 4
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Discuss the importance of separation of duties where it relates to the accounting
function.
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FIN 324 Week 2 DQ 3
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Example of how cash flow and net income work together? Is one more important
than the other one? Discuss the importance of ethics and internal control programs.
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FIN 324 Week 2 DQ 2
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Is there a difference between cash and income? Is one more important than the
other?
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FIN 324 Week 2 DQ 1
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Describe the relationship between debt and equity on balance sheet and financing
activities on cash flow statement.
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FIN 324 Week 1 Summary
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FIN 324 Week 1 Individual Assignment Ethics Article Review
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Ethics-Article-Review
Locate an article discussing ethics in accounting and financial decision making.
Prepare a 350- to 700-word review of your selected article. Use the Electronic
Reserve Readings (ERR) for FIN/324, the Internet, or other resources locate an
article discussing ethics in accounting and financial decision making. Address the
following items in your review:
Summarize the article.
Relate the article to the week’s assigned readings.
Discuss how the concepts ofthe article relate and/or apply to your current or
former organization.
Make recommendations for improvement for your organization based on the
article.
Explain the importance of ethics in accounting and financial decision making.
Include a description of the Sarbanes-Oxley Act and its impact on accounting and
financial decision making.
Format your paper consistent with APA guidelines
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FIN 324 Week 1 DQ 7
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What is a Sub S type of business?
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FIN 324 Week 1 DQ 6
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What is the purposeof adjusting entries?
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FIN 324 Week 1 DQ 5
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What was the purposeof the Sarbanes Oxley Act of 2002?
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FIN 324 Week 1 DQ 4
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Describe in detail the purposeof the Securities Exchange Commission (SEC).
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FIN 324 Week 1 DQ 3
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Discuss the difference between Certified Public Accountants (CPAs) and Certified
Managerial Accountants (CMAs)
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FIN 324 Week 1 DQ 2
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What is the Financial Accounting Standards Board? What is their purpose?
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FIN 324 Week 1 DQ 1
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Discuss the difference between financial and managerial accounting.
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FIN 324 Final Exam
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1. The primary users of external financial reports are
a. Thosewho direct day to day operations of a business enterprise
b. Individuals who have an economic interest in the firm but who are not part of
management
c. Managers of an enterprise who plan, implement plans, and control costs
d. None of the above
2. If a company has $15,000 in assets and $10,000 in equities, then liabilities are
a. $25,000
b. $10,000
c. $5,000
d. $0
3. A revenue accountis increased with
a. Debits
b. Credits
c. Equities
d. None of the above
4. Expense items that have been incurred during a period but not recorded by the
end of the period are:
a. Prepaid liabilities
b. Prepaid expenses
c. Deferred expenses
d. Unrecorded liabilities
5. A purchase of $900 of supplies on accountwas journalized and posted as $900
debit to Supplies on Hand and a $900 credit to Accounts Receivable. The entry to
correct this error is
a. A $900 debit to accounts payable and a $900 credit to accounts receivable
b. A $900 debit to supplies on hand and a $900 credit to accounts payable
c. A $900 debit to accounts receivable and a $900 credit to accounts payable
d. A $900 debit to accounts receivable and a $900 credit to supplies on hand
6. The retained earnings balance of Werner Company was $46,800 on January 1,
2005. Net income for 2005 was $26,480. If retained earnings had a credit balance
of $21,000 after closing entries were posted on December 31, 2005 and if
additional stockof $13,000 was issued during the year, dividends paid during 2005
were:
a. $38,800
b. $52,280
c. $65,280
d. none of the above
7. If net purchases are $200,000 and beginning and ending accounts payable -
balances are $25,000 and $20,000, respectively, cash paid for purchases is
a. $195,000
b. $200,000
c. $205,000
d. $210,000
8. The tools of financial statement analysis are not “static” they have, and will
continue, to evolve as the nature of doing business and/or the needs of financial
statement users change
a. True
b. False
9. Which of the following costs would be LEAST likely to be a fixed cost:
a. Plant property taxes
b. Plant supervisor’s salary
c. Utilities costs
d. Executive salaries
10. Sales income minus total fixed costs is equal to:
a. Net income
b. Contribution margin
c. Gross margin
d. None of these choices
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Fin 324 online help, fin 324 course tutorials, fin 324 uop guide

  • 1. FIN 324 Week 5 Summary To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-5-Summary To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 5 Learning TeamAssignment Investor Profile Paper To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-5-Learning-Team- Assignment-Investor-Profile-Paper Resource:Mergent Online database Select one of the organizations you have analyzed during the course. Prepare a 350- to 700-word paper in which you address the following:o Identify two lenders the organization uses. Identify the investment bank the organization uses to issue stock.o Identify and discuss the role these intermediaries play for the organization.o Discuss which government entities regulate securities this organization issues. Examine the role these entities play for investors. Format your paper according to APA standards.
  • 2. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 5 Individual Assignments From The Readings To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-5-Individual-Assignments- from-the-Readings Resource:Fundamentals of CorporateFinance, Accounting Concepts and Applications Prepare answers to the following problems:o Quiz Problems 1 and 5 (Ch. 19) of Fundamentals of CorporateFinance Prepare answers to the following question:o Discussion Question 3 (Ch. 22) of Accounting Concepts and Applications To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 5 DQ 3 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-5-DQ-3 What are some agencies in the Department of Commerce? Does an organization receive money when its stockis traded in the secondarymarket?
  • 3. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 5 DQ 2 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-5-DQ-2 How does an organization affect its stockprice? Why is it effective to have agencies that focus on specific industries? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 5 DQ 1 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-5-DQ-1 What is the difference between stocks and bonds?Which represents more risk to the organization? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 4 Summary To Get This Tutorial Click Below
  • 4. http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-Summary To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 4 Learning TeamAssignment Final Report To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-Learning-Team- Assignment-Final-Report The chief executive officer of your organization has asked you to compare the organization you are thinking of acquiring with a competitor. Obtain financial statements for the organization under investigation and its competitor, and perform the following tasks: Prepare a 700- to 1,050-word summary comparing the organizations’ two most recent fiscal years, based on the following: Profitability ratios Management efficiency ratios Leverage ratios Select and calculate 6-8 financial ratios from your materials for both fiscal years, analyzing the above topics. Additionally, briefly discuss the conceptof operating cost. Finally, evaluate annual and year-to-year results to interpret where your takeover target compares to its competition. Format your paper according to APA standards To Know More Tutorials Visit http://www.tutorialfirm.com
  • 5. FIN 324 Week 4 Individual Assignments From The Readings To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-Individual-Assignments- from-the-Readings Resource:Accounting Concepts and Applications Prepare answers to the following questions and exercises:o Discussion Questions 9-11, 16, and 18 (Ch. 15) of Accounting Concepts and Applicationso Practice Exercise 15-8, 15-12, and 15-14 (Ch. 15) of Accounting Concepts and Applicationso Exercise 15-23 (Ch. 15) of Accounting Concepts and Applications To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 4 DQ 5 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-DQ-5 How does extending credit affect working capital requirements and the cash conversion period? To Know More Tutorials Visit http://www.tutorialfirm.com
  • 6. FIN 324 Week 4 DQ 4 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-DQ-4 What are ramifications if an organization has too much cash on hand? How have recent zero money down and zero money interest for 12 months offers affected potential cash buyers? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 4 DQ 3 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-DQ-3 What costs are associated with inventory? Why is controlling turnover in the inventory important? How can improvements in inventory management affect profitability? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 4 DQ 2 To Get This Tutorial Click Below
  • 7. http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-DQ-2 Why is controlling turnover in the inventory important? How can improvements in inventory management affect profitability? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 4 DQ 1 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-4-DQ-1 Define the purposeof working capital. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 3 Summary To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-Summary To Know More Tutorials Visit http://www.tutorialfirm.com
  • 8. FIN 324 Week 3 Learning TeamAssignment Key Financial Relationships Paper To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-Learning-Team- Assignment-Key-Financial-Relationships-Paper Resource:Review of Financial Statements Paper Prepare a 1,050- to 1,400-word summary comparing the organizations’ two most recent fiscal years based on the following: Discuss the interrelationships noted among data provided by each statement.o Describe where key components of the basic accounting equation are illustrated in the organization’s financial statements.o Describe any control techniques or issues discussed in the statements. Format your paper according to APA standards To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 3 Individual Assignments From The Readings To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-Individual-Assignments- from-the-Readings
  • 9. Resource:Accounting Concepts and Applications Prepare answers to the following exercises:o Practice Exercise 2-14 (Ch. 2) of Accounting Concepts and Applications Exercises 2-25, 2-27—Part 1—2-32, 2-29, and 2-33 (Ch. 2) of Accounting Concepts and Applications To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 3 DQ 4 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-DQ-4 What are three U.S. stockexchanges where equities are publicly traded? Why may a stocksplit not be of great value to existing shareholders? How can a dividend policy be amended to address shareholders’ expectations of increasing returns? How do we estimate future dividends? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 3 DQ 3 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-DQ-3 Should a company have more debtor more equity in its capital structure? Explain
  • 10. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 3 DQ 2 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-DQ-2 What is the value of common stockdependent on? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 3 DQ 1 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-3-DQ-1 What is the difference between operating and financial leverage? Can there be too much financial leverage in a firm? Why or why not? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 Summary To Get This Tutorial Click Below
  • 11. http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-Summary To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 Learning TeamAssignment Review Of Financial Statements Paper To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-Learning-Team- Assignment-Review-of-Financial-Statements-Paper You are attending a managerial meeting in your publicly held organization to hear a proposalfor a possible corporatemerger with a competitor. After a brief discussion, the chief financial officer conducts a presentation showing the competitor’s financial statements. Some of your colleagues have little or no financial background. You have decided to further their understanding by conducting a financial comparisonof two publicly traded organizations. Resources:Electronic Reserve Readings, Week Two readings Select two publicly traded organizations. Prepare a 1,050- to 1,400-word paper to provide an introductory overview of the financial statements, addressing the following: Provide a brief overview of each organization and highlight key information available on each statement, including the following items for each organization:
  • 12. What is the organization’s productor service? When was the organization established? What accounting organization audited its financial statements? Identify the financial statements utilized by your selected organizations. Define basic accounting concepts, terminology, and transactions discussed in the organization’s financial statements, and list the accounts affected by the transaction. Also, identify financial statements affected by the transaction. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 Individual Assignments From The Readings To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-Individual-Assignments- from-the-Readings Resource:Accounting Concepts and Applications Prepare answers to the following questions and exercises: Discussion Questions 5 and 7 (Ch. 1) of Accounting Concepts and Applicationso Practice Exercises 3-1, 3-2, 3-11, 3-12, 3-17—related to 3-11 and 3-12—and 3- 19—related to 3-17 (Ch. 3) of Accounting Concepts and Applicationso Exercise 3- 34 (Ch. 3) of Accounting Concepts and Applicationso Discussion Questions 7, 9, 15, and 16 (Ch. 4) of Accounting Concepts and Applications
  • 13. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 DQ 6 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-DQ-6 Discuss the two different financial statements. Describe their purpose, layout, and relationship to another financial statement. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 DQ 5 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-DQ-5 What is the benefit of cross functional training where it relates to the accounting function? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 DQ 4 To Get This Tutorial Click Below
  • 14. http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-DQ-4 Discuss the importance of separation of duties where it relates to the accounting function. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 DQ 3 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-DQ-3 Example of how cash flow and net income work together? Is one more important than the other one? Discuss the importance of ethics and internal control programs. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 2 DQ 2 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-DQ-2 Is there a difference between cash and income? Is one more important than the other? To Know More Tutorials Visit http://www.tutorialfirm.com
  • 15. FIN 324 Week 2 DQ 1 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-2-DQ-1 Describe the relationship between debt and equity on balance sheet and financing activities on cash flow statement. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 Summary To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-Summary To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 Individual Assignment Ethics Article Review To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-Individual-Assignment- Ethics-Article-Review Locate an article discussing ethics in accounting and financial decision making.
  • 16. Prepare a 350- to 700-word review of your selected article. Use the Electronic Reserve Readings (ERR) for FIN/324, the Internet, or other resources locate an article discussing ethics in accounting and financial decision making. Address the following items in your review: Summarize the article. Relate the article to the week’s assigned readings. Discuss how the concepts ofthe article relate and/or apply to your current or former organization. Make recommendations for improvement for your organization based on the article. Explain the importance of ethics in accounting and financial decision making. Include a description of the Sarbanes-Oxley Act and its impact on accounting and financial decision making. Format your paper consistent with APA guidelines To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 DQ 7 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-7 What is a Sub S type of business? To Know More Tutorials Visit http://www.tutorialfirm.com
  • 17. FIN 324 Week 1 DQ 6 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-6 What is the purposeof adjusting entries? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 DQ 5 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-5 What was the purposeof the Sarbanes Oxley Act of 2002? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 DQ 4 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-4 Describe in detail the purposeof the Securities Exchange Commission (SEC).
  • 18. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 DQ 3 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-3 Discuss the difference between Certified Public Accountants (CPAs) and Certified Managerial Accountants (CMAs) To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 DQ 2 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-2 What is the Financial Accounting Standards Board? What is their purpose? To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Week 1 DQ 1 To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Week-1-DQ-1
  • 19. Discuss the difference between financial and managerial accounting. To Know More Tutorials Visit http://www.tutorialfirm.com FIN 324 Final Exam To Get This Tutorial Click Below http://www.tutorialfirm.com/FIN-324/FIN-324-Final-Exam 1. The primary users of external financial reports are a. Thosewho direct day to day operations of a business enterprise b. Individuals who have an economic interest in the firm but who are not part of management c. Managers of an enterprise who plan, implement plans, and control costs d. None of the above 2. If a company has $15,000 in assets and $10,000 in equities, then liabilities are a. $25,000 b. $10,000 c. $5,000 d. $0 3. A revenue accountis increased with a. Debits b. Credits c. Equities d. None of the above 4. Expense items that have been incurred during a period but not recorded by the end of the period are:
  • 20. a. Prepaid liabilities b. Prepaid expenses c. Deferred expenses d. Unrecorded liabilities 5. A purchase of $900 of supplies on accountwas journalized and posted as $900 debit to Supplies on Hand and a $900 credit to Accounts Receivable. The entry to correct this error is a. A $900 debit to accounts payable and a $900 credit to accounts receivable b. A $900 debit to supplies on hand and a $900 credit to accounts payable c. A $900 debit to accounts receivable and a $900 credit to accounts payable d. A $900 debit to accounts receivable and a $900 credit to supplies on hand 6. The retained earnings balance of Werner Company was $46,800 on January 1, 2005. Net income for 2005 was $26,480. If retained earnings had a credit balance of $21,000 after closing entries were posted on December 31, 2005 and if additional stockof $13,000 was issued during the year, dividends paid during 2005 were: a. $38,800 b. $52,280 c. $65,280 d. none of the above 7. If net purchases are $200,000 and beginning and ending accounts payable - balances are $25,000 and $20,000, respectively, cash paid for purchases is a. $195,000 b. $200,000 c. $205,000 d. $210,000
  • 21. 8. The tools of financial statement analysis are not “static” they have, and will continue, to evolve as the nature of doing business and/or the needs of financial statement users change a. True b. False 9. Which of the following costs would be LEAST likely to be a fixed cost: a. Plant property taxes b. Plant supervisor’s salary c. Utilities costs d. Executive salaries 10. Sales income minus total fixed costs is equal to: a. Net income b. Contribution margin c. Gross margin d. None of these choices To Know More Tutorials Visit http://www.tutorialfirm.com