STATEMENT OF OWNER EQUITY
for
Illini Tap
For the period:
December 31, 2010
to: December 31, 2011
Item
Subtotal
Total
Beginning of period owner equity
Changes in contributed capital and retained earnin
ACE 345 Fall 2012
Homework 1
Due Wed Sep 12th, 2012 by 12:00 pm
Instructions: (i)
(ii)
Use the Excel template provided in the Homework 1 folder on the Compass
website (HW1 blank template)
This assignm
Patrick Williams
ACE 345 - Fall 2012
Homework 5 100 pts.
Due Wednesday Oct. 24th in class
TYPE your answers up in a word document and turn in a hardcopy on or before the due date.
Round your answers A
ACE 345 Fall 2012
Homework #4
Due Wednesday October 3rd, 2012
Create a word document with all of your answers to the homework. Turn in a hardcopy of your
homework in class next Wednesday October 3rd.
1
Name: _
ACE 345 - Fall 2008
Midterm 2 Nov. 12, 2008
Show all of your work/calculations, and put all answers in boxes where provided.
Round all final answers to nearest cent (e.g. $234.56), or to t
Name: _
ACE 345 - Fall 2009
Midterm 2 Nov. 11, 2009
Read each question carefully.
Show your work and any calculations you do to receive partial credit.
Note any assumptions that you make in addition t
ACE 345
Midterm 1
Sep 29th 2008
Name (1 pt.):_
(30 pts.)
I. Income Statement Preparation
Using the information below, complete the income statement provided on the final page of the
exam. Enter the li
ACE 345 Fall 2009
Midterm 1
Oct. 5th 2009
Name (1 pt.):_
(25 pts.)
I. Balance Sheet
1. Finish the Noncurrent Liability, Equity, and Notes sections of the 2008 balance sheet for
XYZ Corp. Templates for
ACE 345 Fall 2012
Homework #3
Due Wednesday September 26, 2012
Turn in a hardcopy of this assignment in class on Wednesday September 26th. This should include
printouts of the SOE, CFS and the workshe
Pat Williams
ACE 345 Fall 2012
Homework #6 - 100 pts.
TYPE your work/solutions and turn in a
hardcopy in class on (or before) Friday Nov. 2nd
(15 pts.)
1. Phil Farmer just sold his farm to his nephew
ACE 345 Fall 2015
Class #25 Notes
October 21, 2015
Admin: (i) HW 5 due now; (ii) HW 6 out today, due next Wednesday Oct 28th
Today: (i) Capital Budgeting
Capital Budgeting Introductory Issues:
A. Two
ACE 345 Fall 2015
Class #11 Notes
September 18, 2015
Admin: (i) HW 3 emailed out and posted on Wednesday (Sep 16), due next Wednesday (Sep 23) in
class; (iii) HW 1 grades are now posted
Today: (i) The
ACE 345 Fall 2015
Class #16 Notes
September 30th, 2015
Admin: (i) HW 4 due now; (ii) Midterm review session on Friday, Midterm 1 in class on
Monday
Today: (i) Timing of capital purchases and changes i
ACE 345 Fall 2015
Class #20 Notes
October 9, 2015
Admin: (i) Time Value of Money (TVM) readings available on the website; (ii) TVM template; (iii)
HW 5 next week;
Today: (i) Start Time Value of Money
ACE 345 Fall 2015
Class #21 Notes
October 12, 2015
Admin: (i) Time Value of Money (TVM) readings available on the website; (iii) HW 5 will go
out on Wednesday; (iv) Midterm 2 on Wednesday November 11t
ACE 345 Fall 2015
Class #22 Notes
October 14, 2015
Admin: (i) HW 5 will be sent out this afternoon, collection of TVM problems
Today: (i) TVM formulas; (ii) Multi-step TVM problem; (iii) perpetual pay
ACE 345 Fall 2015
Class #23 Notes
October 16, 2015
Admin: (i) HW 5 due next Wednesday Oct 21st
Today: (i) Perpetual payment series; (ii) Multiple compounding periods per year; (iii) a few
other applic
Inputs
Interest rate (annual)
r
0
Periods (years)
t
1
Compoundings per period
m
1
Payment Amount
P
Vt
$0.00
Future Value
Type (1=beginning, 0=ending)
$0.00
0
Output
Present Value
V0
$0.00
Inputs
Inter
ACE 345 Fall 2015
Class #24 Notes
October 19, 2015
Admin: (i) HW 5 due Wednesday
Today: (i) Beginning vs. End of period payments; (ii) TVM Factors; (iii) Equivalence; (iv)
Capital Budgeting
I. Beginni
ACE 345 Fall 2015
Class #26 Notes
October 23, 2015
Admin: (i) HW 6 due next Wednesday, Oct 28th;
Today: (i) NATCFs other cash effects and loan payments; (ii) example with loan payments
Net-after-tax-c
Inputs
Interest rate (annual)
r
0.05
Periods (years)
t
5
Compoundings per period
m
1
Payment Amount
P
Vt
$1,000.00
Future Value
Type (1=beginning, 0=ending)
$0.00
0
Output
Present Value
V0
$4,329.48
I
INCOME STATEMENT
for
In-Class Example
For the period: January 1, 2008 to December 31, 2008
Item
REVENUES
Total cash receipts
Government program payments
Accrual adjustments:
Inventories
Accounts Recei
Common information:
Name:
In-Class Example
Today's date:
December 15, 2015
Balance Sheet Date:
December 31, 2007
Fed. Marginal Tax Rate:
SE rate:
State Inc. Tax rate
Type of Business:
28.00%
15.30%
3.
Common information:
Name:
In-Class Example
Today's date:
December 15, 2015
Balance Sheet Date:
December 31, 2007
Fed. Marginal Tax Rate:
SE rate:
State Inc. Tax rate
Type of Business:
28.00%
15.30%
3.
Useful Excel formulas for TVM:
The Present Value formula
=PV(rate, nper, pmt, fv, type)
rate = interest rate per (compounding )period
nper = number of (compounding) periods
pmt = dollar amount of each