Disadvantages of corporations
o Double taxation
o Cost of set up and filing
Power 5 of Finance
o Cash flow is what matters
o Money has a time value
o Risk requires reward
o Market prices are generally
o Conflicts of interest
Test 3 Cheat Sheet
The value of a bond is inversely related to changes in the investors present required rate
As interest rates increase, the value of the bond decreases
The market value of a bond will be less than the par value if the investors
Lecture 1 for Test II
February 6, 2017
o Resources that bring future benefits
o Cost $100,000 today
o Benefit $105,000 in one year
o Net value 105,000-100,000=5,000
Money today isnt equal to money received tomorrow
FIN301 Lecture 1
January 12, 2017
o Owned by individual
o Terminated upon
Death of owner
o Stock can be issued
o Unlimited life
o Easy to transfer ownership
o Limited liability
o Easy to raise capital
1. Child Tax Credit
2. Earned Income Credit
3. Child and Dependent Care Credit
a. Average-ish income that need to provide child care so they can go work
b. Grown children eligible if disabled and cant care for themselves
o Coupon rate*FV
PV by hand
Coupon pmt/discount rate
o exponent stays the same for the principle year (last year)
value of bond inversely related to changes in yield to maturity
o Investors required rate o
1. Medical and dental expenses
2. Taxes paid
4. Gifts to charity
5. Job expenses and miscellaneous
Dive In Deeper
Medical and Dental Expenses
o Do not include
Paid by insurance
o If not reimbursed and
ACC228 Managerial Accounting
(3 credit hours)
This course is designed to provide information to the management student who will be
charged with directing and controlling operations from within the organization. Emphasis
Describe the managerial accountant's role in business planning, control,
Why would you want to be a managerial accountant?
Why would you not want to be a managerial accountant?
A managerial account assists their organization with fin
Today I sat at my local Taco Bell for 30 minutes as I watched a couple eat an evening meal. As the
customers approached the front counter they begin ordering a meal through one of the employees,
which was rang through the point of sale. Observing the inte
How does budgeting help management coordinate and plan business activities?
Identify at least three roles that budgeting plays in helping managers control and monitor a
Budgeting is all about the estimations of expenses, returns and resources d
Prepare a job cost sheet for each job worked on during the month. In a separate excel worksheet.
Job No. 136 Job No. 137 Job No. 138 Job No. 139 Job No. 140
Explain in simple terms the notion of equivalent units of production (EUP).
Why is it necessary to use EUP in process costing?
Further explain why equivalent units of production for both direct labor and overhead can
be the same as, and why they can be d
The chapter used a percent of labor cost to assign factory overhead to jobs.
Identify another factor (or base) a company might reasonably use to
assign overhead costs.
Provide an example of how this factor (or base) would be used to
allocate factory overh
Job-order cost accounting is frequently used by home builders.
Contact a builder and speak with the accountant.
Gain an understanding of what costs would go into the job-cost sheet
for a single-family home under construction.
Are there any costs that the
Assume that you are actively searching for a job. Identify (1) three assumptions relating to your expected
revenue (salary) and (2) three assumptions relating to your expected costs for the first year of your new
When it comes to an organizations pot
Comparing Liquity and Activity Measures
When looking at companies finaicial statements, information such as liquidity and
activity measures are displayed. This information presented tells a lot about a companys
performance level in terms of being able to
Problem 07-A Check Figures
Total current gross pay for all employees = $21,299.80
Total yearly net pay for all employees = $133,654.54
Journal Entries Report:
Total debits and credits = $23,603.22
Partnerships and Corporations
Problem 08-A (Partnerships) Check Figures
Trial Balance Before Adjusting Entries:
Cash account balance = $7,982.96
Total debits and credits = $193,931.50
Adjusting Entry Report:
Total debits and credits = $1,117.24
Running head: WEEK 4 ASSIGNMENT
This assignment explores form 10k form of Walmart published on January 32, 2016.
Form 10K is known as an annual report required by the government and report to the
shareholders for financial purpose. For the
1. A logical structure of activities designed to analyze and evaluate management of expenditures is a
2. When the organizational outp
1. With regard to a capital investment, net cash inflow is equal to the
cost savings resulting from the investment.
sum of all future revenues from the investment.
net increase in cash receipts over cash payments.