$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ACC00724 Accounting For Managers

tag 0 Download5 Pages / 1,097 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Questions 

Using the information provided in these financial statements answer the following questions.

Note that the earnings per share are provided on the income statement.

Please also note the following data;

Dividends declared in 2006 were 8 cents per share and in 2007 10.5 cents per share.

1. a. Calculate the Current ratio and the Quick ratio for 2007. Comment on the liquidity of this company.
For comparison purposes, other firms in this industry sector have an average Current ratio of 1.76 and an average Quick ratio of 0.78.
 
b. From the information provided about dividends and earnings and from the Cash flow statement and Balance sheet, comment on long term and short sources of finance that Super Cheap Auto has used to expand the business from 2006 to 2007.
 
c. Calculate a ratio that will tell you how many times a year Super Cheap Auto turns over its inventory in 2007 (or, calculate the ratio that tells you the number of days it takes to turn over inventory). Comment on this aspect of working capital management.
 
d. Do you think Super Cheap should borrow more money to expand faster?Why? Explain you reasoning.
 
e. Assuming a share price of $4.50, calculate a Price Earnings (PE) ratio and a Dividend Yield ratio for Super Cheap Auto. Interpret these ratios and comment on the value of shares in Super Cheap Auto, given that sector average PE is 16.7 and sector average dividend yield is 3.7%. What does this tell us about the market’s expectations about growth in Super Cheap Autos share price?
 
2. a) List 4 different types (groups) of people who are users of general purpose financial statements.

b) Select 2 different groups from your list in part a) then compare and contrast their financial information needs. Discuss the benefits they would gain by reading and analyzing the financial statements. What limitations might each group find with this source of information?

c) For each of the following items, state whether it is either;
 
Revenue or Expense or Asset or Liability or Equity.  
1. A loan to another company
2. Shares issued to the public 
3. Inventory purchased last week
4. Depreciation of equipment
5. Provision for long service leave
6. Excess payment to the tax department
7. Shares owned in another company
8. Accounts payable
9. Prepaid insurance premiums
10. Deposit paid by a customer for work yet to be done
11. Credit sales
12. Cash sales
13. Retained profit
14. Advertising
15. Bad debts
16. Dividend declared, not yet paid
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 5 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Accounting For Managers. Retrieved from https://myassignmenthelp.com/free-samples/acc00724-accounting-for-managers/owners-and-investors.html.

My Assignment Help (2021) Accounting For Managers [Online]. Available from: https://myassignmenthelp.com/free-samples/acc00724-accounting-for-managers/owners-and-investors.html
[Accessed 18 September 2021].

My Assignment Help. 'Accounting For Managers' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/acc00724-accounting-for-managers/owners-and-investors.html> accessed 18 September 2021.

My Assignment Help. Accounting For Managers [Internet]. My Assignment Help. 2021 [cited 18 September 2021]. Available from: https://myassignmenthelp.com/free-samples/acc00724-accounting-for-managers/owners-and-investors.html.


MyAssignmenthelp.com is a leading name in providing PhD dissertation writing help in Australia. Our services cover a wide range of subjects including economics and marketing dissertation help. Students can easily avail our services since we provide cheap dissertation writing services. But we never compromise with the quality while providing dissertation help services . Moreover, students are also allowed to get free access to dissertation samples and use them as a future reference.

Latest Accounting Samples

ACC303 Contemporary Issues In Accounting

Download : 0 | Pages : 7

Answer Introduction Caltex is seen to begin its operation in 1936 in form of California Texas Oil Company. This company has been further seen as a joint venture between Texas Company and standard oil, thereby gaining concession in Saudi Arabia. The company has been further seen with gained concessions in Saudi Arabia. It was further seen to be renamed in 1968. The parent company has been further seen to be based on the consideration of merger...

Read More arrow Tags: Australia Strathfield Management Hygiene and Toxicity University of New South Wales 

BAP22 Management Accounting

Download : 0 | Pages : 8

Answer: This report depicts the user about the concept of value chain which could be analyzed through investigating over various concepts of the value chain. Basically, in this report, a statement of value chain has been analyzed and through that various factors of value chain has also been evaluated. In this report, concept of value chain, cost estimation in the company, segment of value chain and the value chain’s main purpose has been...

Read More arrow

BFA312 Management Accounting

Download : 0 | Pages : 2

Answer: Introduction: Kaizen budgeting is a constant procedure for improving the status of budget over a period of time.  The Kaizen budget is considered as part of the master budget and it demands for constant enhancement and tries to implement the expected development in the budget. The kaizen budget approach focuses on the profitability of the organization and therefore, is implemented through the specific product (Okoye, Egbunike and...

Read More arrow

ACC705 Corporate Accounting And Reporting

Download : 0 | Pages : 4

Answers: Answer to Question 1:- 1) Acquisition Analysis:- Acquisition Analysis: Partculars Carrying Amount Fair Value Net Fair Value Share Capital 0 150000 150000 General Reserve 0 34000 34000 Retained Earnings 0 20000 20000 Plant 175000 190000 15000 Land 150000 155000 5000 Invento...

Read More arrow

ACCT30001 Financial Accounting Theory

Download : 0 | Pages : 11

Answer: Introduction The annual reports of the companies provide the company's financial accounting reports that help in recognizing the financial performance of the company throughout the last financial years. It helps in assessing the financial position of the company. Apart from this, by the information of the financial report, the users of the financial reports use to get the information of the initiative or investment of the company, whi...

Read More arrow Tags: Australia Seddon Accounting Accounting Theory University of Sydney MBA 
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?