P1_Final_Dowe_Report_1-23-24

John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…

The purpose of this assignment is to evaluate the impact of a financial analysis on administrative decisions in a health care organization. Review Northwestern Memorial HealthCare's "Consolidated Financial Report" (Years Ended August 31, 2019 and 2018), and answer the following prompts.   Discuss the importance of and need for a financial analysis within a health care organization.   Explain the relationship between a health care organization's financial plan and debt policy to its strategic plan.   Assess the financial position of Northwestern Memorial HealthCare in 2019 as compared to 2018.   Give specific examples of areas where improvement is needed or areas that should be of concern in terms of financial viability.   Based upon these observations, make recommendations that management should consider from a strategic standpoint (i.e., strategic budgeting methods).

oring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches, atch the terms with the definitions. Clear All The normal balance of asset, expense, and drawing accounts. A list of accounts, showing the title and balance of each account, used to prove that the debit balances equal the credit balances. The total dollar amounts on the debit and credit sides of an account. A system in which each transaction has a dual effect on the accounting elements. To enter an amount of the left side of an account. debit trial balance fobtings double-entry accounting debit balance = All work saved.

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Is the organization in a good position to take on additional debt?     Use the Hillside, Inc. Balance Sheet information in cells A2 through D18 and cells A21 through B38 to complete the Financial Performance Calculations in cells A40 through C60. Table 1: Hillside, Inc. Balance Sheet ($ in Millions)             ASSETS   LIABILITIES         Cash & Marketable Securities                 449.90 Accounts Payable  1,611.20       Accounts Receivable                 954.80 Salaries Payable     225.20       Inventories              3,645.20 Other Current Liabilities  1,118.80       Other Current Assets                 116.60 Total Current Liabilities  2,955.20         Total Current Assets              5,165.27               Other Liabilities     693.40       Machinery & Equipment              1,688.90           Land              1,129.70   Total Liabilities  3,648.60       Buildings              2,348.40           Depreciation               (575.60)…

complete the flexible budget report (use formulas and cell referencing whenever possible in spreadsheet)

Manage Your Health, Inc. (MYH) is a Fortune 500 company that provides a variety of healthcare services across the globe. MYH has more than 20,000 full-time employees and more than 5,000 part-time employees. MYH recently updated its strategic plan; key goals include reducing internal costs, increasing cross-selling of products, and exploiting new Web-based technologies to help employees, customers, and suppliers work together to improve the development and delivery of healthcare products and services. Below are some ideas the IT department has developed for supporting these strategic goals: 1. Recreation and Wellness Intranet Project: Provide an application on the current intranet to help employees improve their health. A recent study found that MYH, Inc. pays 20 percent more than the industry average for employee healthcare premiums, primarily due to the poor health of its employees. You believe that this application will help improve employee health within one year of its rollout so…

Comprehensive Problem 1Part 2 and Part 3: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing parts 2 and 3. Part 2:  Using the attached spreadsheet, post the journal entries from part 1 to a ledger of four-column accounts. Part 3:  Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank.

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The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales Year 2 $ 10,753 143,015 Year 1 $ 53,735 624,463 a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Year 2. Note: Do not round intermediate calculations. Round your "Days' Sales Uncollected" to 1 decimal place. Year 2: Year 1: Days' Sales Uncollected Choose Numerator: Choose Denominator: x Days == Days' Sales Uncollected x Days' sales uncollected x = days days

Pls help ASAP for both

CVP Analysis; Commissions; Ethics Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019: Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $28,500 Cost of goods sold Variable $12,825 Fixed 3,500  16,325  Gross profit  $12,175  Selling and administrative costs Commissions $ 5,130 Fixed advertising cost 800  Fixed administrative cost  2,150  8,080  Operating income $ 4,095 Fixed interest cost 705 Income before income taxes $ 3,390 Income taxes (30%) 1,017 Net income $ 2,373 Since the completion of the income statement, Lionel has learned that its sales agents are requiring a 5% increase in their commission rate (to 23%) for the upcoming year. As a result, Lionel’s president has…

To prepare the gross margin, include operating expenses, calculate your income, include income taxes, calculate net income and lastly finalize we need to generate a trial balance report, calculate your revenue, determine the cost of goods sold, calculate your income statement with business details and the reporting period. A) Balance Sheet B) Cash Flow Statement Income Statement D Break-even analysis

Please address the following: Eric, your friend, received his Form W-2 from his employer (below) and has asked for your help. Eric’s 2020 salary was $145,000 and he does not understand why the amounts in Boxes 1, 3 and 5 are not $145,000? His final paycheck for the year included the following information: Eric contributed 5 percent of his salary to the company 401(k) plan on a pre-tax basis. Eric is married with two children. He had $5,000 deducted from his wages for a Dependent Care Flexible Spending Account. Eric is enrolled in the company-sponsored life insurance program. He has a policy that provides a benefit of $145,000. Eric contributed $2,500 to the Health Care Flexible Spending Account (he keeps forgetting that the maximum deferral has increased over the years). Using the information and Eric’s Form W-2, explain to Eric the reconciling of his salary of $145,000 to the amounts in Boxes 1, 3, and 5.

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Evaluate the firm’s short-term solvency for 2008 by computing: a. Working Capital b. Current Ratio c. Acid-test/Quick Ratio

The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer…

Ethics and Professional Conduct in Business At the end of the current month, Jonni Rembert prepared a trial balance for Star Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount. Jonni has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month's financial statements by a 5 o'clock deadline. Jonni will look for the difference next week when she has more time. Discuss whether Jonni is behaving professionally.

The Deferred Revenue account is shown in which statement? Multiple Choice 1.Balance sheet 2. Statement of stockholders' equity 3.Income statement 4.Statement of cash flows Don't use chatgpt,I will 5 upvotes

Can you help me with figuring out how to do find the correct solution? Other instructions were not as detailed. I need help with part c) . I do not know where to start or how to go about completing, thank you.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

9. Marketing Arrangements Target market, definition of the product or service, pricing, distribution and promotion.   10. Financial Consideration Source of financing, capital cost, pre-operating expenses, working capital requirements, cash budget over three years (estimation of the cash inflows and outflows).

A budgetary planning and controlsystem may include many individual budgets which are integrated into a ‘master budget’.You are required to outline and briefly explain with reasons the steps that should normally be taken in the preparation of master budgets in a manufacturing company, indicating the main budgets which you think should normally be prepared.

A brief background on Seprod company Itd. and their Financial statements for 2018 and 2019.

AYC Shoes just started to develop their own line of custom sneakers. The company has asked you, as a consultant, to prepare a financial plan that includes the following: 1. Variable and fixed expenses for the shoe manufacturing (you can find this information by researching other shoe companies, such as Nike, Adidas, Puma, etc.) 2. Based on the expenses that the organization will have, determine the price that they should sell the shoes for. 3. After deciding on the pricing scale and using the expenses you determined in Question #1, determine the break-even point for the organization. As a consultant, help this start-up company determine their costs and the break-even point.

As the manager overseeing Audiot and Co., you commenced the planning of audit work for a new client, Windo Ltd on June 3, 2021. Windo's financial year ends on June 30, 2021, and the audit is scheduled to be completed by August 15, 2021. The following information is relevant to the audit engagement:  Windo specializes in providing repair services for motor vehicles and operates from five different locations. All inventory, sales, and purchasing systems are computerized, with each location maintaining its own system.  The software used at each location is identical, as it was custom-developed by a reputable software house specifically for Windo. Data from all locations is consolidated monthly at the head office to generate management and financial accounts.  Currently, you are in the process of planning the audit approach for Windo Ltd. One option under consideration is to modify Audiot & Co.'s audit software to interface with Windo's computerized inventory systems at each…

As the manager overseeing Audiot and Co., you commenced the planning of audit work for a new client, Windo Ltd on June 3, 2021. Windo's financial year ends on June 30, 2021, and the audit is scheduled to be completed by August 15, 2021. The following information is relevant to the audit engagement:  Windo specializes in providing repair services for motor vehicles and operates from five different locations. All inventory, sales, and purchasing systems are computerized, with each location maintaining its own system.  The software used at each location is identical, as it was custom-developed by a reputable software house specifically for Windo. Data from all locations is consolidated monthly at the head office to generate management and financial accounts.  Currently, you are in the process of planning the audit approach for Windo Ltd. One option under consideration is to modify Audiot & Co.'s audit software to interface with Windo's computerized inventory systems at each…

Need answer of each question minimum 100 words to  What is the return of the creditors? How can it be measured?

CB Winter Sports specializes in providing ski lessons to beginners. The company uses the allowance method to account for uncollectible accounts expense CB Winter Sports experienced the following four accounting events in Year 1: 1. Recognized $266,000 of revenue on account. 2. Collected $126,000 cash from accounts receivable. 3. Wrote off uncollectible accounts of $2,300, 4. Recognized uncollectible accounts expense, CB Winter Sports estimated that uncollectible accounts expense will be 3 percent of sales on account Required: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA) The first transaction is shown as an example. Note: Enter any decreases to account balances and cash…

1 SSO: Texas A&M University San Antonio 110 M Question 7 - Week 13 - Homework #8 (100 points) - Connect Week 13 - Homework #8 (100 points) i ezto.mheducation.com b My Questions | bartleby Saved 7 Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Retained Earnings Credit $30,000 Dividends $3,000 Service Revenue 15 points Interest Revenue 50,000 6,000 Salaries Expense 15,000 Rent Expense 6,000 Skipped Advertising Expense 3,000 Insurance Expense 11,000 Interest Expense 5,000 eBook 101 Hint Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Mc Graw Hill Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list…