- You are a luxury products manufacturer with a contract to produce padded armrests for some Gulfstream aircraft. After a global review of high-quality manufacturing facilities, you found one in Bangladesh that produces an excellent product. What steps will you take to determine that the product is ethically produced?
- You manufacture leather purses that look like brown paper bags. While this fashion craze has yet to catch on with the general public, you see a spike in purchasing from the “Hipster” community. This community is very concerned with sustainable sourcing, and you want to ensure you do not lose this market based on poor practices. After a little research, you find that your leather is from Texas Longhorn calves. What steps will you take to make sure your leather is sustainability sourced?
“Ethics” Please respond to the following:
- The SEC released its final rule to implement a code of ethics under SOX Title 404. The stock exchanges have proposed that each company listed on the exchanges publishes its code of ethics. Discuss whether or not these additional disclosures will both have a positive impact on public confidence and influence investors’ behavior. Support your position.
- Evaluate the impact that a company’s code of conduct can have on promoting positive employee behavior, improved decision making, or the willingness to report unethical behavior of coworkers. Recommend at least two ethical policies that might encourage employees to report unethical behavior.
1. Financial analysis types
Discuss the different types of financial analysis (ratio analysis, horizontal analysis and vertical analysis). Include how these analytical tools help investors or creditors determine the financial status of the organization. In other words, what do these types of analysis measure and how are they used. (200 – 300 words)
2. Ratio analysis – Discuss in detail three of the key financial ratios. What do they measure and how can management improve them when there are deficiencies.
You are an entrepreneur on the verge of starting a new company. Describe the company you are planning to start. Is it a service or a manufacturing company? What will be your main source of operating revenue? What expenses are you anticipating? Categorize your anticipated costs as period or product costs and identify whether each is an indirect or a direct cost. Identify your direct materials, direct labor, and manufacturing overhead costs.
Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC), University Library, Library resources: Company Directories and Financials
Select a publicly traded, U.S. corporation with which you are familiar or one where you currently work or have worked in the past.
Research the company on the Internet and download the Income Statement, Statement of Shareholders’ Equity, Balance Sheet, and Statement of Cash Flows.
Develop a minimum 700-word examination of the financial statements and include the following:
- Determine the net income for the current fiscal year (FY). Is this income up or down from the prior year?
- Explain the relevance of changes in net income to investors.
- Determine the ending balance in shareholders’ equity. Why would organizations such as labor unions be interested in this?
- Determine the total value of assets.
- Discuss the relevance of the total value of assets to potential creditors and why this is important.
- Compute the return on assets. Discuss the relative profitability of the company based on your results.
- Compute the working capital and current ratio. Evaluate the relative liquidity of the company based on your results.
- Compute the debt to assets ratio and the free cash flow for your company. Analyze the results and comment on the relative solvency of the company.
- Discuss how the financial statements are used in your current role or a position you would like to hold. How might these aid you in managerial decision making?
Show your work in Microsoft® Word or Excel®.
Complete calculations/computations using Microsoft® Word or Excel®.
Include the four financial statements along with your assignment.
Format your assignment consistent with APA guidelines.
Why Cost accounting is often referred to as “managerial accounting”. What ways that a company uses cost accounting, and how it uses financial information for the purposes of cost accounting.
Discuss the differences between the reports prepared for managerial accounting and those prepared for financial accounting
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company’s work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
Finlon applies manufacturing overhead to production on the basis of direct-labor cost. (The budgeted direct-labor cost is the company’s practical capacity, in terms of direct-labor hours multiplied by the budgeted direct-labor rate.) Budgeted totals for 2002 for direct labor and manufacturing overhead are $4,200,000 and $5,460,000, respectively. Actual results for the year are as follows:
Actual ResultsDirect Materials Used$5,600,000.00Direct Labor$4,350,000.00Indirect Material Used$65,000.00Indirect Labor$2,860,000.00Factory Depreciation$1,740,000.00Factory Insurance$59,000.00Factory Utilities$830,000.00Selling and Administrative Expenses$2,160,000.00Total$17,664,000.00
Job no. 2077 was completed in January 2002, and there was no work in process at year-end. All jobs produced during 2002 were sold with the exception of Job no. 2143, which contained direct-material costs of $156,000 and direct-labor charges of $85,000. The company charges any under- or over-applied overhead to the cost of goods sold category.
Using the above information, do the following:
- Calculate the company’s predetermined overhead application rate.
- Calculate the additions to the work-in-process inventory account for the direct material used, direct labor, and manufacturing overhead.
- Calculate the finished-goods inventory for the 12/31/02 balance sheet.
- Calculate the over-applied or under-applied overhead at year-end.
- Explain if it is appropriate to include selling and administrative expenses in the cost of goods sold category.
Perform your calculations in an Excel spreadsheet and copy the calculations into a Word document.
Write a 1-page paper in Word format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M1_A3.doc. For example, if your name is John Smith, your document will be named SmithJ_M1_A3.doc.
By the due date assigned, deliver your assignment to the Submissions Area.