Kentuckyville SluggerKentuckyville Slugger (KS) is a manufacturer of baseball and softball accessories. The company was established by Sammy Sousa in 1913, and produced only wooden baseball bats. KS has evolved over the past hundred years to offer a wide variety of products, including aluminum bats, batting gloves, cleats, and fielding gloves. KS’s products are sold in Canada, the United States, and Mexico. Since inception, the […]

1.    With regard to LIFO and FIFO, why do you think the government has had previous concerns about the impact that LIFO and FIFO play on the financial statements of companies (hint: taxes)?  What method do you think the government prefer (please try to find some research online supporting your response).  2.     Discuss the main differences between the allowance methods using income statement approach and balance sheet […]

1. In excel, complete the following two bank reconciliations and entries: A.  Prepare Bank ReconciliationStevens Company’s August 31st bank statement shows a balance of $14,750. McKnight’s books show a August 31st cash balance of $13,600. Stevens also has the following information: Deposits in transit as of August 31st, $1,000 Outstanding checks as of August 31st, $2,500 $100 service charge reported on the bank statement NSF check returned […]

Cash134. AICPA.051178FAR-FAThe following are held by Smite Co.:Cash in checking account       $20,000Cash in bond sinking fund account     30,000Postdated check from customer dated one month from balance sheet date          250Petty cash       200Commercial paper (matures in two months) 7,000Certificate of deposit (matures in six months)           5,000What amount should be reported as cash and cash equivalents on Smite’s balance sheet?$57,200$32,200$27,450$27,200135. AICPA.930510FAR-P1-FACook Co. had the following balances on December 31, 20X4:Cash in checking account       $350,000Cash in […]

Research Paper (Due end of Module 6)During this course, you will learn about two key concepts; the break-even analysis and expenses. For your research paper, you will be responsible to help a start-up company determine their costs and the break-even point. Below is more information on the company.AYC Shoes just started to develop their own line of custom sneakers. The company has asked you, as a […]

Does this article discuss the demand or supply side of the market? Elaborate on in at least 200 words the factor affecting demand/supply as mentioned in the above case study. (5 marks)Your beard is killing the shaving industryBy Drew HarwellAs participants in “No Shave November” and its mustachioed counterpart, “Movember,” men across America will dedicate this month to keeping sharp objects away from their five […]

RGM Sdn Bhd (RGM) is involved in packaging palm oil which is then sold to supermarkets. Raw materials mainly are boxes, plastic bottles and stickers used as its label. The company purchases its raw materials from a wide range of suppliers. Below is a description of RGM’s purchasing system.When raw materials are required, the factory manager complete a requisition form and this is submitted to […]

How does the treatment of translation gains and losses differ between the current and temporal translation methods under FAS No. 52Translation Gains and Losses differ vs. Current and Temporal Translation Methods.Differences exist in terms of treatment of translation gains and losses and current and temporal translation methods. On translation gains and losses, it is essential to note that enterprises that undertake their operations globally need […]

3-2 Final Project Milestone Two: Draft of Macroeconomic EnvironmentGood day, This is for Financial Markets . May you please follow the instructions and avoid plagiarizing , thank youInstructionsThis milestone focuses on external factors that can cause markets to move as well as how and why those factors influence performance. External factors can include economic environments, social and political factors, and interest rates and inflation. You will […]

Research motives for fraudulent internal and external reporting and the controls that can be put in place to mitigate these risks.  In 2-3 pages, discuss two motivations for fraudulent internal financial reporting and two motivations for fraudulent external financial reporting.  For each, also discuss what mitigating controls can be put in place to reduce this risk.Research motives for fraudulent internal and external reporting and the […]