Balance sheet Essay Samples and Topic Ideas
Balance Sheet Although the net non-current assets decreased slightly in 2013, the subsequent years show positive improvement. In 2014, they increased by 6.6%, in 2015 by 8.9% and 24% increase in 2016. The net liabilities are also growing at a slight rate. The average debt decreased in 2013 and further showed a slight increase in 2014. From then henceforth, the average debt increase by 18% and 21% in 2015 and 2016 respectively. This shows that the company did seek loans to finance the priority strategies and expansion of the market. The employees continue to bring more revenue in the past 5 years with the increase in sales per employee. As at 2012, WPP had 114490 workers but, the number has grown...
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balance sheet are prepared. Problem 15-4B is an excerpt of manufacturing accounts from Moxie Company in the cost of manufactured goods schedule has been prepared as well as the partial balance sheet and the income statement. Problem 15-5B looks into the financial statements of Ortiz Company in which cost of goods manufactured schedule and the income statements have been prepared. Work cited "How To Determine Manufacturing Overhead." Smallbusiness.Chron.Com, 2018,...
balance sheet accounts. Furthermore, the adjusting entries are explained for both the accruals and the deferrals accounts. The Adjusting entries for accruals consist of accumulated revenues and expenses. For an accrued revenue, the adjusting entry debits Accounts Receivable and credits a revenue account while the adjusting entry for an accrued expense debits an expense account. The Adjusting entries for deferrals include unearned revenues and prepaid expenses. The adjusting entry for an unearned revenue debits an unearned revenue account and credits a revenue account. The adjusting entry for an accrued expense debits an expense account such as Wages Expense and credits a liability account such as...
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balance sheet, income statement, and earning statement. The second topic is about closing temporary accounts which require four entries. For this process to be complete, the retained earnings account balance should agree with the reported amount that has been retained in the balance sheet and the earning statement. The third topic is the ten essential steps that should be followed during accounting cycle. To show how these steps are used practically in a business, the chapter gives an example of Kelly Consulting and their accounting for April. The fourth topic is a fiscal business year which is the annual accounting period that businesses adopt. Importance of The Topics Covered (Why They are...
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balance sheet or statement of a company’s financial position. The asset turnover ratio is represented by each dollar any other unit currency as a measure of the assets and the subsequent resulting change in sales value. It must be noted that the net sales referred to are the sales excluding the refunds or sales returns that may be offered by a business. The net assets may be the total assets or the average assets which are opening assets plus the closing assets divided by two to yield the average value (Accounting Course, 2018). Keywords: Asset Turnover, Net Assets, Average Net Value, Fixed Assets, Financial Success, Operational Capacity. The Asset Turnover Ratio The Importance of the Asset...
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balance sheet and the income statement. The inventory also has major indicators of showing when there is excess usage in the warehouse, which likely triggers profit losses whenever the goods expire. Understanding the lower-of-cost- or market ensures that the normal errors of reporting inventory are controlled hence enhancing the profit-making in an organization. Inventory control is, in essence, a vital tool leading to the prosperity of the business organization. Failure to fully understand inventory might lead to a business loss because the trader cannot be able to account the performance of the...
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balance sheet, it is noted that the current liabilities of the company also increased in the fiscal year 2016 (Polaris Industries Inc., 2018). The shareholder's equity in the company also reduced by 11.75 in the fiscal year 2016.This can be attributed to a decline in retained earnings by shareholders. If the income of the company increases more than the shareholder's equity, then the return on equity will most likely go up. Since in the fiscal year 2016 there was no increase in net income, the return on equity, reduced from 46% in the fiscal year 2015 to 24% in the fiscal year 2016 (Polaris Industries Inc., 2018). Liquidity ratios measure the ability of the company to settle short-term debts using...
balance sheet and are accounted for at a 7% effective rate. b. The bonds remain in the balance sheet and are accounted for at a 9% effective rate. c. Retirement of the bonds at a gain as of the purchase date. d. Retirement of the bonds at a loss as of the purchase date. 4. In 2014, Purple Company sold land (which cost them $40,000 when purchased on 2008) to its 80%- owned sub Silver Company for $37,000. In 2015, Silver sold the land to a nonaffiliated company for $39,000. The 2017 worksheet elimination related to the land transactions should include: a.a debit to Gain on Sale for $3,000. b.a debit to Retained Earnings – P for $2,400. c.a debit to Loss on Sale for...
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BALANCE SHEET Current assets 300,924,000 142,204,000 203,717,000 Total assets 2,534,919,000 2,442,474,000 2,038,319,000 current liabilities 231,671,000 221,085,000 198,219,000 Total liabilities 1,873,479,000 1,862,939,000 1,558,850,000 Number of Shares of Stock 140,000,000 1,000,000,000 55,950,000 Net income (net profit or net loss) $336,536,000 $197,873,000 $278,332,000 Return on sales 28.62% 13.55% 24.00% Current ratio 1.298928221 0.643209625 1.027736998 Stockholders’ equity $661,440,000.00 $579,535,000.00 $479,469,000.00 Return on equity 50.88% $0.34 $0.58 Debt-to-equity ratio 283.24% 321.45% 325.12% Earnings per share (basic) $4.72 $0.58 $8.57 Note: Net income = Total revenue –Total...
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