Premium Essay

Accounting Final Essay

In: Business and Management

Submitted By retlaw101
Words 426
Pages 2
Management Discussion & Analysis
The Management’s Discussion and Analysis of Rainbow Paint Company provides the analysis of the company’s financial results for the period ended December 31, 2012. The following information should be read in conjunction with the audited financial statements and notes thereto for the period ended December 31, 2012 which are prepared in accordance with relevant standards and regulations. All amounts are expressed in dollars unless otherwise noted.
The discussion includes few statements that may be deemed “forward-looking statements”. All statements in the discussion, other than statements of historical facts, are considered as the forward looking statements because we have used what we know and expect today to make a statement about the future. The company believes that the expectations shown in forward looking statements are on the basis of reasonable assumptions. The statements do not guarantee future performance and the actual results or development may differ significantly from those mentioned in forward looking statement.
Forward looking statements includes the words like may, expect, plan, anticipate, budget, believe or other similar words. Factors that could lead to the difference between actual results and forward-looking statements include market prices, regulations of government regarding chemical usage, continued availability of capital, financing and general economic, market or business conditions. Investors are cautioned again that any such statements do not guarantee the future performance and that the actual results or development may be different from those projected in the forward-looking statements.
The sales growth in the past years was quite significant, but the growth in net income was not proportionate to growth in sales. The growth in net income was only 16%, whereas the increase in sales was 56%. The increase…...

Similar Documents

Premium Essay

Accounting Final

...(Points: 4) needed for production. available in the beginning inventory. desired as ending inventory. All of the above are correct. 8. (TCO 10) The difference between the stand and actual cost is a(n) (Points: 4) actual cost overrun. variance by exception. slack amount. standard cost variance. 9. (TCO 10) In general, an unfavorable material variance arises from (Points: 4) using more material than planned. paying a higher price for material than planned. Both A and B None of the above 10. (TCO 10) The type of center that has responsibility for generating revenue as well as controlling costs is a(n) (Points: 4) investment center. cost center. business center. profit center. 11. (TCO 10) Responsibility accounting holds managers responsible for (Points: 4) all costs charge to their department. all direct cost of their department plus part of the allocated company costs. only costs they have personally approved. only costs they can control. 12. The ratio that measures the return earned independently of how the firm is financed is the (Points: 4) return on stockholders' equity. price earnings ratio. earnings per share. return on assets. 1. Distinguish between product costs and period costs. Define both types of costs and provide examples. Product cost is the cost which is being incurred in making a product. It is directly related to a product and can be identified. So these costs are assigned to the inventory......

Words: 1981 - Pages: 8

Free Essay

Final Essay

...After careful consideration, I elected to write my final paper on the works of author, Walt Whitman. The reason I selected this author is because I have travelled to the Atlantic coast and driven over the Walt Whitman Bridge numerous times, never knowing who he was, or what he did. When I saw his name in the textbook, I was intrigued. I decided I wanted to educate myself and analyze his work. The first poem I studied by him was “Beat! Beat! Drums!”. In this poem he speaks of bugles and drums, and the sounds that originate from them. In the first paragraph, he states “Through the windows-through doors-burst like a ruthless force, Into the solemn church, and scatter the congregation, Into the school where the scholar is studying;” I interpreted this to mean the sound of the bugles and drums carry through windows and doors and interrupt those that are around them. They hear the sounds being made, and cannot shut them out. He continues by saying “Make no parley-stop for no expostulation” (Whitman, para 3). To me, this means that that he wants the sounds to keep coming, regardless of any complaints from elsewhere. I am thinking that this has something to do with the military, and the bugles and drums that are being played are a way to express to everyone that it is happening and unavoidable regardless of pleas from mothers and children. The second poem I read by Walt Whitman was “I Hear America Singing” (Whitman, 644). This poem talks of different......

Words: 937 - Pages: 4

Free Essay

Final Essay

...Final Essay Exam As everyone knows, education is the key to success, even though there might be some challenges. I personally was able to find one of those challenges which unfortunately I was not able to overcome. For the first time in my junior year of college I had failed a class. After seeing the letter “F” as one of my grades, I knew at that point that I had to work twice as hard from previous years if I wanted to make up for it. Now, that I’m about to register for my senior year is where I start to realize that failing a class does make you fall behind. In order to make up for the class that I failed, I will be taking six classes for next semester. As you can see, education has shaped my life; it has taught me that there is no time to waste. One of the hardest things that education has to offer to students I would say is reading. Not everyone has the time to sit or lie down and read a book. I am one of those students that do not like to read because it does not catch my attention. The only time that I do read is when the professors assigns it to me. However, when I do read those readings, I always learn new things such as, what has and could happen in real life. For instance, the book that I identify with is Borderlands/La Frontera: The New Mestiza by Gloria Anzalduá. In her writing she shows us a new direction that women need to take in order to free themselves psychologically, spiritually, and sexually. Furthermore, Anzalduá argues that as a result of the......

Words: 545 - Pages: 3

Premium Essay

Managerial Accounting Essay

...Managerial Accounting Essay gsm access sites Power saving initiatives June 2013 Table of Contents 1. EXECUTIVE SUMMARY 3 1.1. Introduction …………….. 3 1.2. Afghanistan fuel prices and trends 3 2. FUEL SAVING INITIATIVES 4 2.1. DCB Hybrid power solution 4 2.2. Hydromix and ProGSM monitoring solution 4 a- Hydromix chemical solution ...……………………………………………………………………………… 4 b- Consumption control ..…………..………………….……………………………………………............... 5 c- Both solutions combined ……………..…………….………………………………………………………. 6 2.3. Solar solution 6 2.4. Summary table …….…………………………………………..…………………………………………….... 6 3. FUEL SAVING INITIATIVES COMBINED 7 4. ABREVIATIONS …………………………………………………………………………………………………… 7 executive summary 1 introduction In 2013 Etisalat Afghanistan fuel and power expenditures represent 37% of the total OPEX budget, it goes without saying that any initiative to reduce this cost will have a direct impact on the bottom line. In this documents we will describe qualitatively and quantitatively three saving initiatives that could contribute on reducing and controlling fuel and power expenditures. 2 afghanistan fuel prices and trends Fuel expenditures kept rising because of two reasons, international market price and Afghanistan currency devaluations. From 2006 (Etisalat......

Words: 1096 - Pages: 5

Free Essay

Final Essay

...The Final Essay Assignment  The Prompt As we’ve discussed all semester long, the final essay for our class will involve some research. The first part of this assignment sheet sets up the prompt and the essay’s required elements. One of the things you’ll notice about this assignment is that elements of it are modeled off of previous assignments. This is deliberate, as they’ve given you practice at this type of argumentation. This special topic section of English Composition II has focused upon the horror genre as practiced by American writers. We’ve read and discussed several works from horror authors over the course of the nation’s history, and considered in-depth longer fiction from the 20th Century horror icon Shirley Jackson. We’ve also delved into popular culture, examining comic books and, time permitting, television shows and movies. For this essay, you’ll be asked to pick another horror story (see The Topic section for some ideas) to add to this course’s discussion. In the interest of time, I suggest a short story, but you could read a novel for this project as well. More specifically, your essay should do the following things: (1) Provide your readers unfamiliar with your chosen text some context about the work, including a brief summary of the story. Likely, this would occur in your first support paragraph after your introduction. (2) Review the story. This is your opportunity to argue......

Words: 1648 - Pages: 7

Premium Essay

Final Essay

... Since diet pills only improve weight loss and it is not a lifestyle change most of them will stop working after a certain length of time (Hensrud, 2011). Also, once the person stops taking them, the weight will start to pile back on plus some (Nyako, 2012). Now, if the healthy diet person stops eating healthy all together, he will start to gain the weight back . However, it will be a slow increase compared to the diet pills ("Healthy Weight Loss & Dieting Tips", n.d.). Whether a person is trying to lose weight with diet pills or by eating a healthy diet, there are several components in both that he needs to weigh out before making a decision. Being healthy should be the ultimate goal of the person trying to lose weight. The final decision is in his hands on what he wants to do with this body. Make a list of the pros and cons of each method before making the decision. While they have some similarities with their components, they do differ with their speed and effectiveness . Reference Coleman, R.D., E. (2011). DIET MAY BE MORE IMPORTANT THAN EXERCISE. Retrieved from http://www.livestrong.com/article/408117-diet-may-be-more-important-than- exercise/ Diet Pills That Work. (2011). Retrieved from http://dietpillsthatwork.com/lipo30/ Graves, G. (1999, May/June). Weight-loss Wonderland. Women's Sports & Fitness , 2(4), 60- 61. MasterFILE Premier. Healthy eating & diet. (2005-2012). Retrieved from......

Words: 1293 - Pages: 6

Free Essay

Final Essay

...Professor Gregory ANT 103 Final Essay Chapter 3, pg. 70 There have been numerous archeological hoax proposed throughout history, all over the world. I will focus on The Cardiff Giant: The Goliath of New York that was a proposed hoax in 1869 in America that attracted a lot of attention from the public. Like most hoax throughout history, the Cardiff Giant was done for money. The hoax was uncovered and put to rest soon after it started. Through this paper I want to address a few main points in order to answer some questions about the hoax and why its was popular. The main points that I want to address are who believed in the hoax and why they believed it, the people who were skeptical of the hoax, and the lessons in this story that are applicable to other instances of fraud. This information will help to breakdown the reasons why the hoax was so popular and why/ how it ended. The Cardiff Giant hoax was portrayed in 1869; at this time in America and other parts of the world many people were extremely vulnerable to believe in such hoax that were based on biblical references. Many people of the nineteenth century believed in the past existence of a race of giant human beings. Many believed the existence of giants because in the Bible there are numerous references and stories about giant people that inhabited the earth in ancient times. During this time majority of the people interpreted the Bible literally, it wasn’t just small groups of zealous fundamentalists. For......

Words: 985 - Pages: 4

Free Essay

Final Essay

...University of Phoenix Material Completing the Essay Worksheet Answer the following questions to help complete your final essay: 1. Draft an introduction for your essay based on the best practices you studied this week. Your introductory paragraph should be 5 to 7 sentences. Remember: Your introduction should include a hook to capture the attention of your audience and the last sentence of your introductory paragraph must be your thesis statement. How do you learn? Do you learn by visual representation? Can you hear something one time and lock it into your memory forever? After I did some research I was in awe over a study done by T. Bahrani and T. Sim. The title of this study is Informal Language Learning Setting: Technology or Social interaction. These authors took 100 students from Iran and Malaysia and put it to the test. Both male and female students were studied and observed, they were asked to do multiple things to see the growth or the lack there of. 2. Draft a conclusion for your essay based on the best practices you studied this week. Your paragraph should be 5 to 7 sentences. The findings of this study were eye opening. The results of the study proved that language-learning students could improve their English speaking minds by being exposed to audiovisual mass media paraphernalia in an informal environment. With all of the technological advances in our society today, I felt like this is the only way to learn, and all other...

Words: 441 - Pages: 2

Free Essay

Final Essay

...English 1001- Rhetorical Analysis Essay: You Deserved Rejection! Or At Least Your Essay Did… In the article, “To (All) the Colleges That Rejected Me”, Suzy Lee Weiss addresses a multitude of reasons why she believed herself along with others were not accepted into various colleges. Published on March 29, 2013, it is one of many articles Weiss has contributed to The Wall Street Journal. The Wall Street Journal viewed at wsj.com is a business focused, English language international newspaper based in New York City where her article is placed under the commentary. It is clear from the essay that being rejected from her dream school was her kairos event that prompted and gave her the motivation for this writing that is important to her. Weiss--a senior at Taylor Allderdice High School in Pittsburgh—has written this among many other articles posted in the NY Daily News and others. Presenting her thesis early in her article, Weiss creates a foundation for the six arguments she establishes in defense for her claim that colleges lied to her; however, due to her lack of specific examples, statistics, and false claims, she fails to support her argument sufficiently. In her article, Weiss strengthens her ethos and logos drawing in on her very own feelings and thoughts for the varied audience of wsj.com. With her supporting evidence, she entreats the viewers to realize the devastation caused by Ivy League colleges telling applicants to “Just be yourself”. She goes on to claim......

Words: 1247 - Pages: 5

Free Essay

Final Essay

...these digital marketing strategies, I must explain the benefits they can bring to a company. This source will help me identify and explain some of the best reason for internet marketing and how it can generate revenue for any business if used properly. 6. Pfeiffer, W. S., & Adkins, K. E. (2012). Technical Communication: A Practical Approach for DeVry University, 8th Edition. [VitalSource Bookshelf version]. Retrieved from http://devry.vitalsource.com/books/9781256915119/id/bm01. This is our student book utilized for this course. This book will be my guideline for proper preparation of the due technical documentation. I will be using as much information as necessary to properly create, format, and address the topic and reason for my final technical document....

Words: 2377 - Pages: 10

Premium Essay

Final Essay

...middle-aged adults confront in order to rebuild their life structure? Provide examples to illustrate all four. What are possible selves, and why are they important in middle adulthood? 7.What are some stereotypes of late adulthood? How does stereotype threat impact elders’ functioning? What are some cultural differences in aging stereotypes? What are some characteristics of wise elders? Explain the benefits of continuing education for elders. How can educators increase program effectiveness? 8.Define the four social theories of aging. Discuss the meaning of optimal aging, and provide some examples of how to facilitate it. Describe four diverse functions of friendships in late adulthood. This assignment will be graded using the SLA Multi Essay Rubric [226.6 KB PDF file]....

Words: 354 - Pages: 2

Premium Essay

Final Essay

...HSS – 901 (24587) Final Exam (Essay) Comment & Discuss the following Raising awareness at the progress the UN has achieved “gives depth to our perception of our own time in history, and makes us better able to see where paths to more progress may be open…” (Leif Wenar) – New York Times – 15 February 2016) The article by Leif Wenar is a very good piece that directs a picture of humanity in the past and present. 1. There are many artists, musicians, writers, poets, etc. alive today than there have been in history yet we complain about the quality going down in every field just because we do not immediately find such talent present amongst us. 2. Technology these days is taken for granted by the youth (for example, the invention of smartphone) which if we see, is a magical object in the human history that kingdoms would have gone to war for. 3. The vital point left out to be discussed is the invention of birth control. Each woman has a right to choose when she wants a child. Birth control is important in overcoming problems such as over population, climate change, etc. We need such essays to give us an insight into how far have we worked and how more do we need to improve in achieving such accomplishments. UN’s intervention in today’s world plays a major role. It has based its foundation on international peace, development and cooperation since the time it was formed. UN and its specialized agencies form a string pillar of the world. Following points......

Words: 626 - Pages: 3

Premium Essay

Accounting Essay

...1     General-purpose financial statements are the product of a.     financial accounting. b.     managerial accounting. c.     both financial and managerial accounting. d.     neither financial nor managerial accounting 2      .     Users of financial reports include all of the following except a.     creditors. b.     government agencies. c.     unions. d.     All of these are users. 3      .     Which of the following statements is not an objective of financial reporting? a.     Provide information that is useful in investment and credit decisions. b.     Provide information about enterprise resources, claims to those resources, and changes to them. c.     Provide information on the liquidation value of an enterprise. d.     Provide information that is useful in assessing cash flow prospects.      4 .     Accrual accounting is used because a.     cash flows are considered less important. b.     it provides a better indication of ability to generate cash flows than the cash basis. c.     it recognizes revenues when cash is received and expenses when cash is paid. d.      none of the above. 5      .     Which of the following (a-c) are not true concerning a conceptual framework in accounting? a.     It should be a basis for standard-setting. b.     It should allow practical problems to be solved more quickly by reference to it. c.     It should be based on fundamental truths that are derived from the laws of nature. d.     All of the above......

Words: 1780 - Pages: 8

Premium Essay

Accounting Essay

...Scholarship Programs Essay “How do you believe that a Keller Graduate School of Management degree curriculum, integrated with Becker CPA review methodology will help you to succeed and meet your career goals?” Domanique Sylvester Keller Graduate School of Management August 31, 2010 I obtained a degree in business administration from DeVry Institute of Technology in June 2002. Over the last five years, I have worked in the finance industry as a Mortgage Loan Originator for one of the largest financial companies in Georgia. My bachelor’s degree equipped me the necessary knowledge and skills to run any business entity. Combining these with my entrepreneurial skills, I was able to start my own income tax company. Keller Graduate School of Management will allow me to obtain my Master of Accounting degree and at the same time prepare me for the CPA exam. With Keller offering both Accounting degree courses and an opportunity to prepare for the CPA exams through the Becker CPA review methodology. I am confident that my enrollment at Keller Graduate will make me achieve my dream. However, I am striving to further my business knowledge and skills to become a Certified Public Accountant for a Fortune 500 company and the same time open more income tax branches. I believe that enrolling for the CPA exam at Becker will thus advance my business capability to propelling me to attain my desire of employing more people, and travel from business to business educating individuals......

Words: 564 - Pages: 3

Premium Essay

Accounting and Communication: Final Project

...Accounting and Communication: Final Project I plan on graduating from Temple with a bachelors in science in Accounting. Afterward, I desire to enroll in Graduate school at Temple University to complete my Masters degree. Hoping I will be skilled enough (CPA test preparatory classes may be necessary) to pass the CPA (Certified Public Accountants) exam, I intend to apply to a private accounting firm. In order for an Accountant to internally do their job correct, they need to ensure that firms are efficiently run financially while also making business decisions that would lead to prevented loss/future profit. They prepare, analyze and verify financial documents that are recorded in an accounting journal, balance sheet, income statement, statement of cash flows and shareholders’ equity. Externally, an Accountant could be employed by a public corporation and sent out to off-premise locations to perform audits. The duties of an accountant depend on whether they are a private or public accountant and which department they work in. Public accounting for the most part has to do with auditing, taxation, and external duties. Private accountants are more internal and deal with budgeting, inventory, cost accounting and internal auditing. In 2009, the median annual wage for accountants and auditors was $60,340, according to the Bureau of Labor Statistics. Personally, I like the internal work that has to do with financial accounting, not managerial accounting. I’m more of a numbers type......

Words: 1016 - Pages: 5