Wizard Computer Sales and Services, Inc. Wizard Computers is a retail business dealing in sales of computers and equipment. In addition, the company provides installation and servicing of computer systems. The clientele includes wholesale and retail businesses, professionals, and private individuals. It is both a merchandising and a service business. It is owned by a […]
Briefly explain the business meaning of YTM, assuming that you are providing an investment seminar to an audience with little or no financial background.
Business Finance PART I: MULTIPLE CHOICE / SHORT-ANSWER QUESTIONS Shell Corp’s 2008 sales were $12 millions ($MM). Its 2003 sales were $6MM. At which rate have the sales been growing? a). 15% b). 16% c). 17% d). 16.5% e). 14% All of the following are operating performance ratios except: Total asset turnover Net profit margin […]
Using the information below(question1) calculate the company net working capital and describe how managers manage the firm working capital.
Assignment Questions:(Marks: 15) A company had cash and marketable securities worth $200,000 accounts payables worth $51,000, inventory of $1,501,500, accounts receivables of $5,288,128, short-term notes payable worth $220,000, other current liabilities of 100,000, and other current assets of $121,800. Calculate the company net working capital and describe how managers manage the firm working capital. (2 […]
Explain the purpose of adjusting entries and closing entries. In a 1-2-page paper, detail what each accomplishes, and give examples of each.
Individual project This assignment has 2 parts, as follows: Explain the purpose of adjusting entries and closing entries. In a 1-2-page paper, not including the title and reference pages, detail what each accomplishes, and give examples of each. Journalize the closing entries from the attached 10-column worksheet. Use the attached template to complete your General […]
Explain how would recording the $7,000 million to the Equipment account “delay expense recognition to future periodS” and thus “boost net income for Year 1.”
Instructions: Assume that WorldCom paid $7,000 million (i.e. $7 billion or $7,000,000,000) rental fees to other phone companies in cash at the beginning of Year 1. Instead of correctly debiting the ‘Rent Expense” account (i.e. as a revenue expenditure), WorldCom debited $7,000 million to the “Equipment” account (i.e. as a capital expenditure). And, assume that […]