Required: Express each income statement component as a percentage of
sales, and comment on the trends in each line from 2013 to 2014.
1,000,000 100.00% $ 1,200,000
45% $ 600,000
OMB No. 1545-0074
Department of the Treasury
Internal Revenue Service (99)
about Schedule A and its separate instructions is at www.irs.gov/schedulea.
Attach to Form 1040.
Name(s) shown on Form 1040
This article appeared at Catholic World Report on July 12, 2014.
A shorter version appeared in The Catholic Spirit (Archdiocese of St. Paul-Minneapolis) and other
Required: In the space below, describe the net present value method of capital budgeting.
Net present value is calculating the current value of future money into current terms.
money into current terms.
Required: Identify each of the following as either a direct or indirect
Material used in production
Salary of manufacturing supervisor
Wages of manufacturing worker
Direct or Indirect?
Required: Identify the financial statement on which each of
the following items appears by making an X in the appropriate
column. The first one is done for you.
(15 points total, 1 point each)
Week 6 Paper
Accounting was a class that I never saw myself actually taking. When I saw
that I had to I said to myself, aw man. In the end it actually turned out to be a little
useful. I learned about balance sheets, liabilities, owners equity, an
Week 2 H.W
The Sarbanes-Oxley Act was passed by congress in 2002 by President Bush. It
is used to protect investors from the possibility of fraudulent accounting activities
by corporations. The two most important parts of the act are sections 3
Required: In the space below, describe the advantages of budgeting.
Budgeting will help planning, coordination, measure performance, take corrective action. Planning helps management in shapi
future of the company. Coordination promo
Week 2 Homework
In two to three paragraphs, describe the Sarbanes-Oxley Act and why it is important to the
(accounting profession. (15 points
The Sarbanes-Oxley Act mandates many reforms to businesses, big and small. These
reforms were created