Homework Help for Accounting

As a small business owner or an accountant providing advice to yourclient, please discuss at least three primary factors you wouldconsider in the identification of a suitable entity for a newbusiness enterprise.

I need help!

Go to the website of the American Cancer Society and look attheir 2014 financial statements.

http://www.cancer.org/aboutus/whoweare/financialinformation/combinedfinancialstatements/2014-combined-financial-statements

1) Calculate their program effectiveness ratio.

28. A potential investor is seeking to invest $1,000,000 in aventure, which currently has 1,000,000 shares held by its founders,and is targeting a 40% return five years from now. The venture isexpected to produce half a million dollars in income per year atyear 5. It is known that a similar venture recently produced$1,000,000 in income and sold shares to the public for$20,000,000.

What is the percent ownership of our venture that must be soldin order to provide the venture investor’s target return? a. 33.33%b. 53.78% c. 75.94% d. 85.00%

What is the number of shares that must be issued to the newinvestor in order for the investor to earn his target return? a.1,163,659 b. 1,578,138 c. 4,156,276 d. 2,578,138

What is the issue price per share? a. $0.8594 b. $0.7520 c.$0.3168 d. $0.1584

What is the pre-money valuation? a. $859.4K b. $752.0K0 c.$316.8K d. $158.4K pls show work

DODD CORPORATION HAS NET INCOME PER BOOKS OF 100,000. ALSO HADFOLLOWING ITEMS

PROVISION FOR FEDERAL INCOME TAX 27,000

NET LONG TERM CAPITAL LOSS 5,000

KEY LIFE INSURANCE PREMIUMCORPORATION IS BENEFICIARY

WHAT IS DODD CORP TAXABLE AMOUNT

127,000

130,000

132,000

135,000

Dr. Cr.

Accountsreceivable $150,000

Allowance for doubtfulaccounts $ 2,500

Sales (all oncredit) 850,000

Sales returns andallowances 40,000

Instructions

(a) Prepare the entriesfor estimated bad debts assuming that doubtful accounts areestimated to be (1) 6% of gross accounts receivable and (2) 1% ofnet sales.

(b) Assume that all theinformation above is the same, except that the Allowance forDoubtful Accounts has a debit balance of $2,500 instead of a creditbalance. How will this difference affect the journal entries inpart (a)?

(c) What is thetheoretical justification for each of the two allowance methodsused to estimate bad debts?

Question 8 Ratio Analysis (20 POINTS)

The follow table presents the most recent reporting of some keyfinancial metrics for Campbell Soup Co. General Mills andKellogg.

For each metric (ratio), describe how the threefirms are doing in comparison to each other and explain why this isso (i.e, interpret the meaning of each metric as it compares toeach other). What additional information would you need concerningKraf/tHeinz to make a thorough analysis?

Question 9: (10 Points)

Based on the metrics above, how is your selected FAC Companydoing?

Question 10: Property, Plant, and Equipment (10Points)

Describe how cost is assigned to individual assets when they areacquired in a lump-sum group purchase.

Discuss the factors that make up determining depreciationprocess for a depreciable asset.

Determine the amount for which the partnership must sell the other assets to ensure that Zed receives $9,000 from the liquidation? Liquidation expenses are expected to be $19,000.

An example of a period cost is:
a. direct labor
B. direct materials
c. salesperson's commission
d. none of the above

) For the following activities, indicate the adjustment to bemade, if any, to net income in the operating section of the cashflow statement on the indirect method: (A) Increase cash flows (B)Decrease cash flows (C) No adjustment (investing activity). (D) Noadjustment (financing activity) _____1. Purchased 1,000 shares ofAmerican Schmutz common stock for $75,000. _____2. Issued a cashdividend of $30,000. _____3. Prepaid Expenses decreased by $10,000from last year. _____4. Amortization of a patent, $5,000 _____5.Merchandise inventory increased by $25,000. _____6. Officeequipment increased $28,000. _____7. Sold a building at a loss of$5,000. _____8. Accounts Payable increased $60,000. _____9.Depreciation on equipment was $100,000. _____10. Accountsreceivable decreased by $5,000 from last year to this year.

During January, Luxury Cruise Lines incurs employee salaries of $1.2 million. Withholdings in January are $91,800 for the employee portion of FICA, $180,000 for federal income tax, $75,000 for state income tax, and $12,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $74,400 for federal and state unemployment tax and $36,000 for the employer portion of health insurance. Required: 1., 2.& 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).)