Accounting Essays

In this project, you will assess the financial health of the business in question, using financial analysis tools in your textbook. Please make your work neat and show all computations.  For some of your computations, you will be comparing your results with averages of businesses within your business’s industry. For …

On January 1, 2010, Trenton Company purchased a machine costing $50,000. Trenton also incurred the following costs: transportation, $1,000; installation, $2,000; and sales tax, $3,000. Prepare the journal entry to record the machine acquisition assuming cash was paid. Exercise 2: Hi-Crest Company purchased a machine on January 1, 2010, for …

The cash flow at Warf Computers, Inc. is as follows: Operations Net Income $896 Depreciation $191 Deferred Taxes $13 Changes in assets and liabilities Accounts receivables -$37 Inventories -$17 Accounts payable $20 Accrued expenses -$118 Other -$11 Total cash flow from operations $937 Investing Activities Acquisition of fixed assets -$786 …

A person by whom any tax or any other sum of money (including interest and penalty) is payable under the Act • every person in respect of whom any proceeding under this Act has been taken either for the assessment of the amount of his income or of the income …

Dr. Sally Jones, a practicing Orthopedic Surgeon, owns Sunset Medical, a professional corporation located in Colorado. Sunset is a small practice servicing patients from the local community and tourists who are in the region to frequent one of the area’s ski slopes and hiking trails. Sunset is well respected by …

The majority of dollars collected by the U.S. government come by way of corporate taxation. Prior to the Sixteenth Amendment direct taxes were illegal. All U.S. taxes are based on an individual’s income. Customs taxes are imposed on exports to protect our natural resources from leaving the country. Also, some …

The current issue of junk food consumption and the overall obesity battle in America continues to plague our nation. The suggestion to counteract this problem is the implementation of a “junk tax”. ProQuest states that, “’junk food tax’ refers to a tax placed upon fattening foods or beverages” (Par. 1). …

This paper does a revenue–neutral cash flow modelling for fractional cloud computing adoption. The aim is to find out a mathematical fraction, other things being equal, for which the Net Present Value (NPV) maximizes with respect to cloud adoption. The impact of both deferred capital expenses and reduced operating expenses …

1. Terms of Reference 2.1 This report investigates the accounting system in place within Cookridge Carpets Ltd with regard to making recommendations to improve the system and the controls in place to protect it and make it less exposed to fraud. 2.2 This report will look at the organisation as …

Your answers to the questions below should be clear, well-written, free of grammar and spelling errors, double-spaced with margins of at least one inch on all sides, and word-processed. In preparing this assignment, you may discuss the issues with each other or with anyone else, but your written answers must …