ACC 205 Week 5 Individual Study Guide Financial Ratios

ACC 205 Week 5 Individual Study Guide Financial Ratios TUTORIAL: This tutorial includes 6 pages with solutions. A+++ WORK! Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison   Stagg     Thornton Cash      $4,000   $2,500   $1,000 Short-term investments       3,000      2,500      2,000 Accounts receivable           2,000      2,500     …

Ashford University ACC 205 Accounting Study Guides and Answers

Ashford University ACC 205 Accounting Study Guides and Answers   Ashford University ACC 205 Accounting Study Guides and Answers This course presents accounting principles and their application to various businesses. Covers income determination, asset valuation, and financial reporting. The course studies both service and merchandise operations including internal controls and analysis of financial statements. This course is designed…

ACC 205 Week 2 Individual Study Guide Revenue and Expenses Study Guide

ACC 205 Week 2 Individual Study Guide Revenue and Expenses Study Guide TUTORIAL: This tutorial includes 15 pages of solutions. A+++ WORK! 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and…

ACC 205 Week 3 Individual Study Guide Inventory

ACC 205 Week 3 Individual Study Guide Inventory TUTORIAL: This tutorial includes 12 pages of solutions. A+++ WORK!   1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting                              Cost 1/2 Beginning inventory     Woods   $11,000 4/19 Purchase      Sunset  …

ACC 205 Week 1 Individual Study Guide Basic Accounting Equations (New) –

TUTORIAL: Includes 5 pages of assignment questions with solutions.   Individual Assignment: Basic Accounting Equations   1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company’s viewpoint. Also…

ACC 205 Week 1 – 5 Individual Study Guide Financial Ratios

ACC 205 Week 1 – 5 Individual Study Guide Financial Ratios WEEK 1: TUTORIAL: This tutorial includes 16 pages of solutions. A+++ WORK! 1. Basic concepts. Jean’s Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from…

ACC 205 Week 4 Individual Study Guide Liability

ACC 205 Week 4 Individual Study Guide Liability TUTORIAL: This tutorial includes 4 pages with solutions. A+++ WORK! Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: •               Social Security taxes: 6% on the first $55,000 earned •               Medicare taxes: 1.5% on the first $130,000 earned •               Federal income…

ACC 205 Week 1 Individual Study Guide Basic Accounting Equations

ACC 205 Week 1 Individual Study Guide Basic Accounting Equations TUTORIAL: This tutorial includes 16 pages of solutions. A+++ WORK! 1.             Basic concepts. Jean’s Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm’s viewpoint.…