Sophia acc 201 financial accounting milestone 1-7

Indicate in the following chart the most likely source of information for each business decision. Use M for managerial accounting information and F for financial accounting information. Business Decision 1. Determine whether to lend to a company 2. Evaluate a purchasing department’s performance 3. Report financial performance to board of directors . 4. Estimate product cost for a new line of shoes 5. Plan the budget for next quarter . 6. Measure profitability of an individual store 7. Prepare financial reports according to GAAP . 8. Determine location and size for a new plant

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With reference to a sales daybook, write an advice to the company on how daybooks can be adopted in developing an’’ enterprise wise’’ accounting system which can lead to complete, accurate and structured accounting information to be shown in the end year financial statements

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Additional Activities Now that you have learned how to forecast revenues and cost of the business, investigate how these concepts are being applied by existing businesses in your community. Using the table below, fill in the necessary information based on your investigation. Daily Revenue and Cost Name of Business: Projected Projected Volume Revenue Projected Cost Mark-up Selling (D) (E) Costs of per Unit Price Average Merchandisel Purchases (A) (B) (C) No. of Products (Daily) (Daily) Items Sold (Daily) (B)= (A x C =A + E = C x D K = (A x D) .50) B Ex. Bag 150.00 75.00 225.00 10 2250 1500 yd belugm COLLEC tol elubom r borlain even uoy Jar wo Aan pese

Branson Trucking Company case on Chapter 16, page 16-42 to 16-45, Question 24: Business Valuation. After reading the case, you will choose one side to assist (you’ve been hired by Dave James OR you’ve been hired by the three Branson brothers). Prepare a Business Valuation Report. Refer to page 16-37 of your textbook. Explain the reasoning for applying any premiums or discounts that other business valuators might use. Discuss limitations, if any, in your report. Introduction (Crumbley & Fenton, 2021): The Branson Trucking Company, a family-run business based in Columbus, Ohio, faced a significant change at the end of 2020 when Dave James, a key player in the company’s growth, resigned after years of contributing to its success.  As the company grew from a regional carrier to a major player in the Midwest, James’s marketing expertise played a crucial role, earning him stock options and a 25% ownership stake alongside the three Branson brothers.  Internal disputes over bringing…

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Continuation: These positions do not entail a salary as we anticipate that our efforts will yield returns in the form of profits generated during the business simulation. Instead of wages, our focus is on maximizing income through efficient operations and effective strategies throughout the duration of the simulation. Table 9. Administrative Expenses                Particulars                          Rate per Day Manager Care of Mandaragon Cashier Care of Amanoddin & Tumayao Financial Manager Care of Tumayao Total Php 0.00   Selling and Administrative Expenses             Since selling and administrative costs are covered by CupEat members, no further expenditures will be necessary. Table 10. Selling and Administrative Expenses Particulars Total Expense Administrative Expenses Cover of CupEat members Communication Expense Cover of CupEat members Promotional Expense Cover of CupEat members Total Php 0.00…

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