Graded Homework

FIN305 Unit 2 Chapter 3
Assignment Latest 2018 January

Q3-4Usually, current
assets are listed in a specific order, starting with cash. What is the
objective of this order of listing?

Q3-5Differentiate
between marketable securities and long-term investments. What is the purpose of
owning each?

Q3-6 Differentiate
between accounts receivable and accounts payable.

Q3-15

Classify each of the
following as a (CA) current asset, (NA) noncurrent asset, (CL) current
liability, (NL) noncurrent liability, or (E) equity account. Choose the best or
most frequently used classification.

r. Taxes accrued

s.

Cash

q. Inventories

p. Land

o. Paid-in capital from
sale of treasury stock

n. Marketable securities

m. Unearned interest

l. Mortgage bonds
payable

k. Wages payable

j. Capital

i. Prepaid rent

h. Plant

g. Preferred stock

f.

Accounts receivable

e. Retained earnings

d. Accounts payable

c. Unearned subscription
revenue

b. Notes receivable

a. Supplies

FIN305 Unit 2 Chapter 4
Assignment Latest 2018 January

. There are separate
links for each chapter, as each chapter will receive a separate grade.

• P4-4 page 180-181
• P4-16 page 185-186
• P4-17 page 186-188

FIN305
Unit 3 Chapter 5 Assignment Latest 2018 January

Please limit the number
of files you create to a max of 2, one excel and one word document.

• Question 5-2 page 216
• P5-3 page 218
• P5-5 page 218
• P5-6 page 218

FIN305
Unit 4 Chapter 6 Assignment Latest 2018 January

P6- 7 Page 252

P6-11 Page 253-254

P6-18 Page 256

P6-19 Page 256-257 *When
calculating the ratio for working capital, please assume the numbers are
averages.

FIN305
Unit 5 Chapter 7 Assignment Latest 2018 January

P7-3 Page 302

P7-4 Page 302-303

P7-10 Page 306-307
Requirement A only (including #1-5), **Compute 2011 only**

P7-11 Page 307-309

FIN305
Unit 6 Chapter 7 Assignment Latest 2018 January

P8-1 page 343
The average numbers are provided already so you DO NOT average the two years of
data together.

P8-7 page 346
P8-7 helpful information

The average numbers are provided already so you DO NOT average the two years of
data together.

For number 5:
Estimated tax rate:

		2011			2010			2009
(1) Provision for income taxes	$	116,473		$	113,616		$	105,560
(2) Earnings before income taxes	$	287,588		$	277,113		$	249,550
Tax rate [(1) + (2)]		40.50%			41.00%			42.30%
1 – tax rate		59.50%			59.00%			57.70%

FIN305 Unit 6 Chapter 9
Assignment Latest 2018 January

P9-1 page 377

P9-3 page 377-378

Helpful information:

• In number 5, you need to
  calculate the total stockholder’s equity amount.
• Take the basic accounting
  equation Total Assets = Total Liabilties + Total Shareholder’s Equity
• Rearrange to solve: Total
  Assets – Total Liabilties = Total Shareholder’s Equity

FIN305 Unit 7 Chapter 10
Assignment Latest 2018 January

P10-1 page 410 :

The statement of cash
flow of Darrow Company

	Cash flow classification	Effect on cash	Non cash Transactions			Non cash transaction
Data	Operating activity	Investing activity	Financing activity	Inc.	Dec
Net loss
Increase in inventory
Decrease in receivable
Increase in pre-paid insurance
Issuance of common stock
Acquisition of land using notes payable
Purchase of land using cash
Paid cash dividend
Payment of income taxes
Retirement of bonds using cash
Sales of equipment for cash

FIN305
Unit 7 Chapter 11 Assignment Latest 2018 January

P11-10 pages 514-516
P11-11 pages 516-518
P11-13 page 519, compute the Z score for company A. The Z-score for company B
is 5.13. The Z-score for company C is 3.63.