1. "No shows" are the people with reservations who fail to arrive. The
following table shows the number of no shows each day at a hotel
over the last 125 business days.
Number of No
2. What is the mean nu
Asset Balance Sheet Preparation
The following accounts were used to prepare the Asset section of the balance sheet for Georgia Electronics Co. as of December 31, 20.
Allowance for Doubtful Accounts.
You can link to these beginning
balances - if you look at the trial
balance tab, you will see the
balances are linked.
2010 Ending Balances
Allowance for Bad Debt
MBA520 - Project #3 Financial Reporting and Analysis
1. Prepare an analysis report using Excel based on items a-s below. Analyze
the financials for 3M - 10-Ks for 2013 and 2014. Your report should show
your computations (including the inputs
Avg days to sell inventory= 365/[COGS/Ending inventory for year]
Avg. # of days that receivables are outstanding [i.e. collection period]365/ [sales/(A/R net)]
Indicated how long, on avg, the receivables are outstanding before they are collected
Class #2 Notes
Balance Sheet Exam
Year ended 12/31
CURRENT ( >1 year)
Short-term investments ( look to intent)
NON-CURRENT = LONG TERM ( <1 year)
MBA600 - Exam #2 (Modules 6-10)
Accounts Receivable and Net Realizable Value
Bad Debt Expense determination based on the:
o Aging Method
o Percentage of Sales (or net sales)
Write-offs and their affect on AR and the Allowance for Uncollectibl
Class #5 Notes
Percentage of Cost Completion Revenue Recognition
Costs ( always given) %
Revenue Net Income Cash
EARNINGS PER SHARE
Class #3 Notes
ON THE EXAM: use one of the three->
Journal Entries: debits and credits -> GAAP
Financial Statements Effects Template
Assets-> Increase in Debit, Decrease in Credit
Below is a multiple step income statement, retained earnings statement, and a classified balance sheet.
The multiple-step form of income statement contains various sections for revenues and expenses, with
intermediate balances, and concludes with net inco
Formulas/Things to Know
Return on Equity = Net Income/Equity
ROE = RNOA - NON OP RETURN
Return on Assets = Net Income/Total Assets
Profit Margin = Net Income/Net Sales
Asset Turnover = Sales/Total Assets
MBA600 Comprehensive Financial Accounting Project
DUE: Saturday (the last day of the semester)
This project should be completed using Excel (with formulas and linked data). The parameters of the project
1. Prepare an Income Statement for the ye
Financial Analysis Project
ROE is the measure of stockholders equity on a companys common stock.
RNOA is a measure of a companys capability to create a profit from each piece of
equity. When comparing the two, ROE would j
RETURN ON EQUITY
ROE is measure of company performance
ROE = NET INCOME / AVG STOCKHOLDERS' EQUITY
OR ROE = OPERATING RETURN + NONOPERATING RETURN
OPERATING RETURN (RNOA)
RNOA = NET OPERATING PR
Financial Reporting and Analysis
August 31, 2015 November 21, 2015
12 weeks; In class
Online or by phone
Before and after class or
T-ACCOUNTS AND JOURNAL ENTRIES
T-Accounts are used to reflect increases and decreases to individual accounts.
The left side of a t-account is assets, the right is liabilities and equity.
Increases ( +) Decre
STATEMENT OF STOCKHOLDERS'
The January 1, 20XX balances of Teldar Corporation's equity accounts are listed below:
Paid-In CapitalCommon Stock.
Below is a demonstration of material covered in chapter 2. I first analyze transactions and then take this information to
develop the income statement, retained earnings statement, balance sheet, and statement of cash flow.
The following transactions are
Assets on a balance sheet are listed in order of decreasing liquidity ( ease of converting no
Most liquid = current assets [They are listed first.]
EX: cash, short-term investments, ac
Class 4 Notes
Thursday, September 24, 2 015
Any interest expense = nonoperating (ex: has nothing to do with operating a grocery stor
Operating and nonoperating sections are divided by the operating income.