Categories
Accounting

Prompt: Produce a financial statement analysis and valuation report that summari

Prompt: Produce a financial statement analysis and valuation report that summarizes the financial health, projected future performance, and estimated value of
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the publicly traded (S&P 500) company that you selected at the beginning of the course. As an independent financial accounting analyst working for a major
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trade journal, your report is intended to inform a general audience about the overall financial well-being of the company and how it compares to a major
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competitor. Your report should cover information of interest to both internal and external stakeholders—summarizing major findings, suggesting ways to
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improve operational performance, and assessing investment potential. Keep in mind that brief, clear communications are essential in effectively reaching
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business and media audiences.
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Specifically, the following critical elements must be addressed:
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I. Balance Sheet Analysis. In this section, use financial statements and accompanying notes to:
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A. Analyze what the company’s current and prior year liquidity and debt-to-equity ratios say about the company’s financial health, justifying your
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response. Consider the appropriate level of debt and how this year’s performance compares to the previous year.
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B. Consider normalization adjustments when adjusting the balance sheet to be comparable to competitors, when creating the prospective balance
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sheet, and when calculating the final company valuation as either a premium or discount. (Include your analysis spreadsheet in Excel as an
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appendix.)
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C. Analyze the company’s balance sheet for the current and previous year using a horizontal analysis. (Include your horizontal analysis spreadsheet
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in Excel as an appendix.) Explain your findings.
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D. Comparison. Analyze the competitor’s balance sheet indicators for opportunities for the selected company to improve its own performance.
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Justify your response using the financial statements of both the company and its competitor.
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II. Income Statement and Cash Flow Analysis. In this section, use financial statements and accompanying notes to:
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A. Analyze the profitability of your selected company using appropriate profitability ratio(s) and a vertical analysis of the company’s current and
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prior year income statement. (Include your vertical analysis spreadsheet in Excel as an appendix.) Be sure to explain your findings.
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B. Normalization adjustments. Analyze historical income statements to determine whether there were any non-recurring or extraordinary items
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that should be removed from the income statement. An example would be aggressive expense recognition or conservative revenue recognition,
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which could either depress or inflate earnings. Adjusting these items will make the target company more comparable to the others.
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C. Free cash flow. Analyze what your selected company’s free cash flow figures for the current and prior year say about the company’s financial
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health. Consider other sources or uses of available discretionary cash.
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D. Dividend paying capacity of the company. Determine if the company is on track to pay out dividends this year and whether the dividend payout
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ratio increase or decrease.
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I am attaching the financial statements.

Categories
Accounting

Prompt: Produce a financial statement analysis and valuation report that summari

Prompt: Produce a financial statement analysis and valuation report that summarizes the financial health, projected future performance, and estimated value of
<
the publicly traded (S&P 500) company that you selected at the beginning of the course. As an independent financial accounting analyst working for a major
<
trade journal, your report is intended to inform a general audience about the overall financial well-being of the company and how it compares to a major
<
competitor. Your report should cover information of interest to both internal and external stakeholders—summarizing major findings, suggesting ways to
<
improve operational performance, and assessing investment potential. Keep in mind that brief, clear communications are essential in effectively reaching
<
business and media audiences.
<
<
Specifically, the following critical elements must be addressed:
<
I. Balance Sheet Analysis. In this section, use financial statements and accompanying notes to:
<
A. Analyze what the company’s current and prior year liquidity and debt-to-equity ratios say about the company’s financial health, justifying your
<
response. Consider the appropriate level of debt and how this year’s performance compares to the previous year.
<
B. Consider normalization adjustments when adjusting the balance sheet to be comparable to competitors, when creating the prospective balance
<
sheet, and when calculating the final company valuation as either a premium or discount. (Include your analysis spreadsheet in Excel as an
<
appendix.)
<
C. Analyze the company’s balance sheet for the current and previous year using a horizontal analysis. (Include your horizontal analysis spreadsheet
<
in Excel as an appendix.) Explain your findings.
<
D. Comparison. Analyze the competitor’s balance sheet indicators for opportunities for the selected company to improve its own performance.
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Justify your response using the financial statements of both the company and its competitor.
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II. Income Statement and Cash Flow Analysis. In this section, use financial statements and accompanying notes to:
<
A. Analyze the profitability of your selected company using appropriate profitability ratio(s) and a vertical analysis of the company’s current and
<
prior year income statement. (Include your vertical analysis spreadsheet in Excel as an appendix.) Be sure to explain your findings.
<
B. Normalization adjustments. Analyze historical income statements to determine whether there were any non-recurring or extraordinary items
<
that should be removed from the income statement. An example would be aggressive expense recognition or conservative revenue recognition,
<
which could either depress or inflate earnings. Adjusting these items will make the target company more comparable to the others.
<
C. Free cash flow. Analyze what your selected company’s free cash flow figures for the current and prior year say about the company’s financial
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health. Consider other sources or uses of available discretionary cash.
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D. Dividend paying capacity of the company. Determine if the company is on track to pay out dividends this year and whether the dividend payout
<
ratio increase or decrease.
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I am attaching the financial statements.

Categories
Accounting

The Week 1 Discussion provides you an opportunity to consider the purposes of th

The Week 1 Discussion provides you an opportunity to consider the purposes of the law and schools of jurisprudence outlined in Chapter 1 of your course textbook.
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In Chapter 1, you learned about the purposes of the law, including:
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Providing order such that one can depend on a promise or an expectation of obligations;
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Serving as an alternative to fighting;
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Facilitating a sense that change is possible, but only after a rational consideration of options;
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Encouraging social justice;
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Guaranteeing personal freedoms;
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Serving as a moral guide by indicating minimum expectations of citizens and organizations.
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You also learned about Schools of Jurisprudence, or the habits and beliefs that inform how we think about the law. These include:
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Natural Law;
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Legal Positivism;
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Identification with the Vulnerable;
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Historical School: Tradition;
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Legal Realism; and
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Cost-Benefit Analysis
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You should review the above lists and the associated content in Chapter 1 of your textbook in preparation to participate in this discussion board. You should complete an initial post and at least two reply postings, in compliance with the Expectations for Discussion Boards and Discussion Board Rubric. You must create and post your initial post before you will be able to see other postings.
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Posting Requirements
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This week, you have the opportunity to choose from two topics for your initial post. You should clearly identify which option you are posting about at the beginning of the your post.
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Initial post– at least 250 words
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Option 1:
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You should review the purposes of the law, as outlined in Chapter 1 and Exhibit 1-2 (and listed above), and then create a posting that includes the following:
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1. Based upon your opinion, rank the purposes of the law from most to least important in business;
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2. Share whether, how, and to what extent you believe your personal experiences and worldview impacted your rankings; and
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3. In your opinion, can all of the purposes of the law be achieved at the same time? Why or why not?
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or
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Option 2:
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You should review the Schools of Jurisprudence, outlined in Chapter 1 and listed above, and then create a posting that includes the following:
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Which school of jurisprudence do you most identify with (most agree with or believe in)? Why?
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Which school of jurisprudence do you least identify with (disagree with)? Why?
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Share whether, how, and to what extent you believe your personal experience and worldview impacts how you identify with the various Schools of Jurisprudence.

Categories
Accounting

Apa 2 citations use the book as reference Please read the instructions make sur

Apa 2 citations use the book as reference
Please read the instructions make sure my answers all together are the 280 words

Categories
Accounting

The Week 1 Discussion provides you an opportunity to consider the purposes of th

The Week 1 Discussion provides you an opportunity to consider the purposes of the law and schools of jurisprudence outlined in Chapter 1 of your course textbook.
<

<

In Chapter 1, you learned about the purposes of the law, including:
<

<

Providing order such that one can depend on a promise or an expectation of obligations;
<

Serving as an alternative to fighting;
<

Facilitating a sense that change is possible, but only after a rational consideration of options;
<

Encouraging social justice;
<

Guaranteeing personal freedoms;
<

Serving as a moral guide by indicating minimum expectations of citizens and organizations.
<

You also learned about Schools of Jurisprudence, or the habits and beliefs that inform how we think about the law. These include:
<

<

Natural Law;
<

Legal Positivism;
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Identification with the Vulnerable;
<

Historical School: Tradition;
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Legal Realism; and
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Cost-Benefit Analysis
<

You should review the above lists and the associated content in Chapter 1 of your textbook in preparation to participate in this discussion board. You should complete an initial post and at least two reply postings, in compliance with the Expectations for Discussion Boards and Discussion Board Rubric. You must create and post your initial post before you will be able to see other postings.
<

<

Posting Requirements
<

This week, you have the opportunity to choose from two topics for your initial post. You should clearly identify which option you are posting about at the beginning of the your post.
<

<

Initial post– at least 250 words
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Option 1:
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<

You should review the purposes of the law, as outlined in Chapter 1 and Exhibit 1-2 (and listed above), and then create a posting that includes the following:
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<

1. Based upon your opinion, rank the purposes of the law from most to least important in business;
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<

2. Share whether, how, and to what extent you believe your personal experiences and worldview impacted your rankings; and
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<

3. In your opinion, can all of the purposes of the law be achieved at the same time? Why or why not?
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or
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Option 2:
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You should review the Schools of Jurisprudence, outlined in Chapter 1 and listed above, and then create a posting that includes the following:
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<

Which school of jurisprudence do you most identify with (most agree with or believe in)? Why?
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<

Which school of jurisprudence do you least identify with (disagree with)? Why?
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<

Share whether, how, and to what extent you believe your personal experience and worldview impacts how you identify with the various Schools of Jurisprudence.

Categories
Accounting

Please answer the case attached Make sure is 280 words please Apa citations A

Please answer the case attached
Make sure is 280 words please
Apa citations
Attached is the reading and instructions.
Use the book as reference

Categories
Accounting

Apa citations please make sure the answer is 280 words no less Attached are the

Apa citations please make sure the answer is 280 words no less
Attached are the instructions and the reading.

Categories
Accounting

Consider each of the following scenarios and express an opinion about the proper

Consider each of the following scenarios and express an opinion about the proper treatment of
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the transactions. Support your conclusions with Topic 842 in the Codification and provide
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appropriate citations.
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1. Butler Enterprises enters into an agreement with Hart Industries to lease warehouse with a
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current market value of $350,000. The space is currently occupied by another tenant who
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has been reluctant to leave. As a condition of the lease contract between Butler and Hart,
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Butler agrees to pay the current tenant $5,000 to vacate the property. Butler Enterprises
<

agrees to make lease payments of $40,000 at the beginning of each year for the 5-year term
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of the lease. The lease does not contain a bargain purchase option and the warehouse space
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is not specialized. It is expected that the remaining useful life of the warehouse is 25 years.
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Butler Enterprises recently entered into a similar term loan at a rate of 7%.
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a. How should Butler treat the $5,000 incentive payment to the current tenant?
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(Please be sure to provide a citation for your answer.)
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b. Should Butler classify this as an operating or finance lease? (Where do you find the
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guidelines for classification in the codification?)
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c. On the date that the lease commences, what is the amount of the right-of-use asset
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and the lease liability (before making the first $40,000 payment)?
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d. At the end of the first year, what is the journal entry to record the lease expense
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and amortization of the right-of-use asset?
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2. Big Corporation enters into a 6-year lease of equipment with Tiny Company, receiving
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annual lease payments of $9,500, payable at the end of each year. Tiny provides a residual
<

value guarantee of $13,000. The equipment has a 9-year estimated remaining economic life,
<

a carrying amount of $54,000, and a fair value of $62,000 at the commencement date. Big
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expects the residual value of the equipment to be $20,000 at the end of the 6-year lease
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term. The lease does not transfer ownership of the underlying asset to Tiny or contain an
<

option for Tiny to purchase the underlying asset. Big incurs $2,000 in initial direct costs in
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connection with obtaining the lease, and no amounts are prepaid by Tiny to Big. The rate
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implicit in the lease is 5.5 percent. However, Big Corporation has serious concerns as to the
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collectability of the lease as the lessee intends to make the lease payments primarily from
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income from the business in which the equipment will be used. There is considerable
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competition in the industry and Tiny Company has limited experience.
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a. Upon the inception of the lease, how should Big classify this lease? (Please provide a
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citation that supports your conclusion.)
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b. At the end of year 1, Tiny makes the first payment, but it is still not probable that all
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payments will be collected. How is this payment recorded?
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c. At the end of year 4, Tiny makes the annual payment and collectability on the
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remainder of the lease is now likely. How should Big record this transaction?

Categories
Accounting

Consider each of the following scenarios and express an opinion about the proper

Consider each of the following scenarios and express an opinion about the proper treatment of
<

the transactions. Support your conclusions with Topic 842 in the Codification and provide
<

appropriate citations.
<

1. Butler Enterprises enters into an agreement with Hart Industries to lease warehouse with a
<

current market value of $350,000. The space is currently occupied by another tenant who
<

has been reluctant to leave. As a condition of the lease contract between Butler and Hart,
<

Butler agrees to pay the current tenant $5,000 to vacate the property. Butler Enterprises
<

agrees to make lease payments of $40,000 at the beginning of each year for the 5-year term
<

of the lease. The lease does not contain a bargain purchase option and the warehouse space
<

is not specialized. It is expected that the remaining useful life of the warehouse is 25 years.
<

Butler Enterprises recently entered into a similar term loan at a rate of 7%.
<

a. How should Butler treat the $5,000 incentive payment to the current tenant?
<

(Please be sure to provide a citation for your answer.)
<

b. Should Butler classify this as an operating or finance lease? (Where do you find the
<

guidelines for classification in the codification?)
<

c. On the date that the lease commences, what is the amount of the right-of-use asset
<

and the lease liability (before making the first $40,000 payment)?
<

d. At the end of the first year, what is the journal entry to record the lease expense
<

and amortization of the right-of-use asset?
<

2. Big Corporation enters into a 6-year lease of equipment with Tiny Company, receiving
<

annual lease payments of $9,500, payable at the end of each year. Tiny provides a residual
<

value guarantee of $13,000. The equipment has a 9-year estimated remaining economic life,
<

a carrying amount of $54,000, and a fair value of $62,000 at the commencement date. Big
<

expects the residual value of the equipment to be $20,000 at the end of the 6-year lease
<

term. The lease does not transfer ownership of the underlying asset to Tiny or contain an
<

option for Tiny to purchase the underlying asset. Big incurs $2,000 in initial direct costs in
<

connection with obtaining the lease, and no amounts are prepaid by Tiny to Big. The rate
<

implicit in the lease is 5.5 percent. However, Big Corporation has serious concerns as to the
<

collectability of the lease as the lessee intends to make the lease payments primarily from
<

income from the business in which the equipment will be used. There is considerable
<

competition in the industry and Tiny Company has limited experience.
<

a. Upon the inception of the lease, how should Big classify this lease? (Please provide a
<

citation that supports your conclusion.)
<

b. At the end of year 1, Tiny makes the first payment, but it is still not probable that all
<

payments will be collected. How is this payment recorded?
<

c. At the end of year 4, Tiny makes the annual payment and collectability on the
<

remainder of the lease is now likely. How should Big record this transaction?

Categories
Accounting

Ethics Case Dave Schonhardt, president of Schonhardt Ind

Ethics Case
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Dave Schonhardt, president of Schonhardt Industries, wishes to issue a press release to bolster his company’s image and maybe even its stock price, which has been gradually falling. As the controller, you have been asked to provide a list of 20 financial ratios along with some other operating statistics relative to Schonhardt Industries’ first-quarter financials and operations.
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Two days after you provide the ratios and data requested, Steven Verlin, the public relations director of Schonhardt, asks you to prove the accuracy of the financial and operating data contained in the press release written by the president and edited by Steven. In the press release, the president highlights the sales increase of 25% over last year’s first quarter and the positive change in the current ratio from 1.5:1 last year to 3:1 this year. He also emphasizes that production was up 50% over the prior year’s first quarter.
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You note that the press release contains only positive or improved ratios and none of the negative or deteriorated ratios. For instance, no mention is made that the debt to assets ratio has increased from 35% to 55%, that inventories are up 89%, and that while the current ratio improved, the acid-test ratio fell from 1:1 to 0.5:1. Nor is there any mention that the reported profit for the quarter would have been a loss had not the estimated lives of Schonhardt’s plant and machinery been increased by 30%. Steven emphasizes, “The prez wants this release by early this afternoon.”
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Remember to cite your sources and avoid plagiarizing. There is no exception for plagiarism and academic dishonesty. Do your own work and learn a great deal about this area of accounting and hopefully, you may be interested in the field or earn the CMA designation for knowledge-based purposes for later use in different areas of business.
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Now, take a moment to research, gather findings and respond to the following questions:
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Who are the stakeholders in this situation?
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Is there anything unethical in president Schonhardt’s actions?
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Should you as controller remain silent? Does Steven have any responsibility?
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Requirement: You are to write a minimum of 3 pages using in-text citations and the most recent sources including the source on the internet. The project paper must follow APA format style and submit for grading. A cover page and reference page must be included with the project paper.
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The format of the cover page: Title, First Last Name, Course Title, Professor’s Name, Date Submitted.