Interview an accountant at a local business, nonprofit organization, or government entity. How does the firm...

Interview an accountant at a local business, nonprofit organization, or government entity. How does the firm use budgets? How does budgeting help managers plan business activities? How does budgeting help them control activities? Give examples.

Discuss the role of a private accountant within large and small firms.

What two sources of capital make up owners' equity?

What is the accounting equation?

What is the statement of cash flow required by the SEC and why is it required?

If you were assessing the value of a business which two factors would you take into account and in which financial statement would you find them?

Expert Solution

ekkarill92 answered 1 year ago

Chappie is the accountant for Chaps Inc., a local nonprofit organization . Chappie must manage the...

Chappie is the accountant for Chaps Inc., a local nonprofit organization . Chappie must manage the payroll costs so that staffing levels the same even through the funding for Chaps Inc. has been cut due to the pandemic. He is considering outsourcing the payroll to a payroll processing company. What are 2 advantages and 2 disadvantages that Chappie must consider for whether to outsource Chaps Inc. to an outside company? Your submission must be at least 6 paragraphs - one...

SA1 - Interview an Accountant or Accounting Firm OR a Banker Option 1 – Interview an...

SA1 - Interview an Accountant or Accounting Firm OR a Banker Option 1 – Interview an Accountant or Accounting Firm Contact an accountant and conduct an interview on forms of businesses, taxes, licenses needed, and so forth. 1) Which legal structure do you recommend? Why? 2) Can this legal structure be changed once it has been established? 3) Should the business be formed in or out of state? Why? 4) What are the tax implications of the legal structure recommended? 5) Will I need an...

Why does the accountant use the business entity concept? And, When is the going-concern assumption not...

Why does the accountant use the business entity concept? And, When is the going-concern assumption not to be used?

When it comes to nonprofit organization, does the process of being business driven impede the social...

When it comes to nonprofit organization, does the process of being business driven impede the social value to society? ...what occurs and how would you make the social value shine?

Discuss the kind of organization that can be a corporation, small business or nonprofit organization. Please...

Discuss the kind of organization that can be a corporation, small business or nonprofit organization. Please research about the organization and discuss reasons of why you think that is good one for this project. Write 300 words. Add references if possible...

A cash flow statement is considered a major financial statement for a business and nonprofit entity....

A cash flow statement is considered a major financial statement for a business and nonprofit entity. After studying resources, discuss the main purposes of a cash flow statement and how an entity uses the cash flow statement. Next, discuss the major sections of a cash flow statement and identify which types of transactions are contained in each section.

SCOR is a local nonprofit organization that provides advice and direction to new and/or small companies....

SCOR is a local nonprofit organization that provides advice and direction to new and/or small companies. The volunteers for the SCOR organization are all retired executives and/ or entrepreneurs. At their weekly meeting, Herb Graves and Ned Book were discussing a proposal that they had received from a local trucking company that had been founded about two years ago. The company, Bald Eagle Valley Trucking (BEV), had enjoyed some success and had been able to secure a loan enabling it...

Using a business/organization of your choice, explain how that entity segments its market.

The Johnson Research Organization, a nonprofit organization that does not pay taxes, is considering buying laboratory...

The Johnson Research Organization, a nonprofit organization that does not pay taxes, is considering buying laboratory equipment with an estimated life of seven years so it will not have to use outsiders' laboratories for certain types of work. The following are all of the cash flows affected by the decision: Use Exhibit A.8. Investment (outflow at time 0) $ 6,950,000 Periodic operating cash flows: Annual cash savings because outside laboratories are not used 1,420,000 Additional cash outflow for people and...

Caretakers, a local nonprofit organization, operates the concession stands for the Newland Baseball Park, home of...

Caretakers, a local nonprofit organization, operates the concession stands for the Newland Baseball Park, home of the Newland Nuggets (a minor league baseball team). Doing so permits Caretakers to raise funds to operate its soup kitchen. Caretakers is concerned with waste in the concessions area. Too many precooked hot dogs are left over after a game. Heinz Canine, Caretakers’ research analyst, feels that hot dog consumption (and other concession sales) can be predicted by the number of advance sale tickets...

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