BUSN 604 lesson week 1

Pls expound your answer

Answer the second question and expound your answer thank you

REQUIRED: You are required to prepare a reflection paper that incorporates your answers to the following questions: 1. Why are financial statements important? What problems can you foresee if a business manager does not have a basic knowledge of financial statements? Adapted from: Price, J., Haddock, M., & Farina, M., (2021). College Accounting, 16th edition. McGraw-Hill Education. 2. Your friend is thinking of ways to lower tax by lowering the net income using the following means: Do not adjust for accrued revenue for any earned revenues, cash is not collected anyway. Adjust the full amount of prepaid expense as expenses even if not yet used. Explain to your friend the accounting implications and ethical considerations of her idea. ● ●

Definitional problems: Listed are eight terms that relate to financial statements:1. Balance-sheet statement2. Income statement3. Cash-flow statement4. Operating activities5. Investment activities6. Financing activities7. Treasury account8. Capital accountChoose the term from the list that most appropriately completes each of the following statements:1. As an outside investor, you would view a firm's____________ as the most important financial report for gauging the quality of earnings.2.  Retained earnings as reported in the________ represent income earnedby the firm in past years that has not been paid out as dividends.3. The_________ is designed to show how a firm's operations have affectedits cash position by providing actual net cash flows into or out of the firmduring some specified period.4. Typically, a firm's cash flow statement is categorized into three activities:________ ,________and ___________,5. When you issue stock, the money raised beyond the par value is shown in the…

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

https://www.republictt.com/pdfs/annual-reports/RFHL-Annual-Report-2022.pdf Financial Reporting Analysis: Use Republic Bank Limited Annual Report 2022 to answer the Questions. a) Evaluate the company’s latest annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide. b) Identify and discuss key accounting principles and standards applied in the company’s financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.) c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and conventions.

Please refer to the financial data for Link, Incorporation above. What is Link’s profit margin for 2021? That. Right

Disclosure of the accounting estimates involved when preparing financial statements enables users of financial statements to better understand how the financial information is derived, and it enables comparisons between companies regarding the basis on which management makes decisions. Required: Reflecting on topics we discussed throughout the semester, provide three examples of how different accounting estimates or accounting policies impact the profit reported by the firm.

https://www.republictt.com/pdfs/annual-reports/RFHL-Annual-Report-2022.pdf Financial Reporting Analysis: Use Republic Financial Holdings Limited Annual Report 2022 to answer the Questions. a) Evaluate the company’s latest annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide. b) Identify and discuss key accounting principles and standards applied in the company’s financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.) c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and…

Who will be a user of financial statements, and what will they be used for?   Question 17 options:     Lenders will use financial statements to decide whether to invest in a company.     Investors will use financial statements to decide whether to lend money to a company.     The marketing department is interested in the operating income figures in the financial statements.     Managers will use financial statements to make decisions about their company.

subject (corporate finance)

Question 1 If you are a financial analyst considering an investment in a Public Company (quoted in the stock markets), which of the following statement is correct? A) You will not have access to the annual financial statements B) You are an external user of accounting information You will be using managerial accounting 6.7 Points You are an internal user of accounting information

Identify and describe the financial statements that corporations publish, and explain the information each statement provides.         2. Discuss how investors utilize financial statements.         3. Identify and explain at least a 7 reasons to save and invest your money

Question # 5: You are a financial manager in Gama Corporation.  You have the task of getting the company back into a sound financial position. Gama Corporation’s 2017 and 2018 balance sheets and income statements, together with projections for 2019, are shown in the following tables. The tables also show the 2017 and 2018 financial ratios, along with the industry average data. Your assignment is to answer the following questions.  Provide clear explanations, not yes or no answers. Show your work for the calculations. Balance Sheets Assets 2017                      2018           2019 (Projected) Cash $         9,000    $        7,282    $       14,000 Short-Term Investments. 48,600   20,000   71,632 Accounts Receivable 351,200   632,160   878,000 Inventories 715,200   1,287,360   1,716,480    Total Current Assets  $  1,124,000    $ 1,946,802    $  2,680,112 Gross Fixed Assets 491,000…

17) Based on the balance sheet given for Just Dew It, calculate the following financial ratios for each year: current ratio quick ration cash ratio NWC to total assets ratio debt-equity ratio and equity multiplier Total debt ratio and long-term debt ration

Hello accounting tutors. Can you help me to answer this?. kindly see the attached image below or this link >> https://drive.google.com/file/d/1D4KNMJHHVMxVKdYvbABzQLTSijz2ZU9m/view

Class book:  Fundamentals of Corporate Finance by Brealey, Myers, and Marcus Financial Statements. South Sea Baubles has the following (incomplete) balance sheet and income statement.                                                  Balance Sheet At End of Year                                                    (Figures in $ millions) Assets                          2018        2019               Liability and Shareholders' Equity             2018       2019 Current assets               $ 90         $140                         Current Liabilities                            $ 50         $ 60 Net fixed assets              800           900                          Long-term debt                                600          750                                                             Income Statement, 2019                                                               (Figures in $ millions) Revenue…

I need the retained earnings.

ounting-20201 ACCT101 - Introduction to Financial Accounting / FINAL EXAM ACCT 101 FALL 2020-2021 International Financial Reporting Standards (IFRS ) are: Select one: ut of O a. Principles that have been proven correct by academic researchers. O b. None of the answers are correct estion O c. Theories that are based on physical laws of the universe. O d. Standards that indicate how to report economic events. O e. Income tax regulations of the Internal Revenue Service. Next page us page LANSWERS 97 IRm i 9,

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