Case Study 会计学.doc

说明：分组完成，每组必须完成其中的4个case（以PPT形式，case2必做），并按下列安排选择一个来做presentation，一组presentation时其他同学可自由发问即每组完成4个case，其中1个要做presentationChapter 1Case 1Sue Alejandro, president of Tobago Enterprises, applied for a $300,000 loan from First National Bank. The bank requested financial statements from Tobago Enterprises as a basis for granting the loan. Sue has told her accountant to provide the bank with a balance sheet. Sue has decided to omit the other financial statements because there was a net loss during the past year.In groups, discuss the following questions:1. Is Sue behaving in a professional manner by omitting some of the financial statements?2. a. What types of information about their businesses would owners be willing to provide bankers? What types of information would owners not be willing to provide?b. What types of information about a business would bankers want before extending a loan?c. What common interests are shared by bankers and business owners?Chapter 4 & 5Case 2Compare the balance sheets and income statement of two different companies, and present to the class a summary of the similarities and differences of the two companies. Case 3Refer to the opening feature about Sseko Designs. Assume that Liz Forkin Bohannon reports current annual sales at approximately $1 million and prepares the following income statement.SSEKO DESIGNSIncome StatementFor Year Ended January 31, 2014Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . 610,000Expenses (other than cost of sales) . . . . . . . . 200,000Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 190,000Liz Forkin Bohannon sells to individuals and retailers, ranging from small shops to large chains. Assume that she currently offers credit terms of 1/15, n/60, and ships FOB destination. To improve her cash flow, she is considering changing credit terms to 3/10, n/30. In addition, she proposes to change shipping terms to FOB shipping point. She expects that the increase in discount rate will increase net sales by 9%, but the gross margin ratio (and ratio of cost of sales divided by net sales) is expected to remain unchanged. She also expects that delivery expenses will be zero under this proposal; thus, expenses other than cost of sales are expected to increase only 6%.Required1. Prepare a forecasted income statement for the year ended January 31, 2015, based on the proposal.2. Based on the forecasted income statement alone (from your part 1 solution), do you recommend that Liz implement the new sales policies? Explain.3. What else should Liz consider before deciding whether or not to implement the new policies? Explain.Chapter 6 Cost of Merchandise inventoryCase 4The following is an excerpt from a conversation between Brad Hass and Terry Fauck. Brad is debating whether to buy a stereo system from Radiant Sound, a locally owned electronics store, or Audio Pro Electronics, a mail-order electronics company.Brad: Terry, I dont know what to do about buying my new stereo.Terry: Whats the problem?Brad: Well, I can buy it locally at Radiant Sound for $395.00. However, Audio Pro Electronics has the same system listed for $399.99.Terry: So whats the big deal? Buy it from Radiant Sound.Brad: Its not quite that simple. Audio Pro said something about not having to pay sales tax, since I was out-of-state.Terry: Yes, thats a good point. If you buy it at Radiant Sound, theyll charge you 6% sales tax.Brad: But Audio Pro Electronics charges $12.50 for shipping and handling. If I have them send it next-day air, itll cost $25 for shipping and handling.Terry: I guess it is a little confusing.Brad: Thats not all. Radiant Sound will give an additional 1% discount if I pay cash. Otherwise, they will let me use my MasterCard, or I can pay it off in three monthly installments.Terry: Anything else?Brad: Well . . . Audio Pro says I have to charge it on my MasterCard. They dont accept checks.Terry: I am not surprised. Many mail-order houses dont accept checks.Brad: I give up. What would you do?Required1. Assuming that Audio Pro Electronics doesnt charge sales tax on the sale to Brad, which company is offering the best buy?2. What might be some considerations other than price that might influence Brads decision on where to buy the stereo system?Chapter 8 CashCase 5The records of Lumberjack Company indicate a July 31 cash balance of $9,806.05, which includes undeposited receipts for July 30 and 31. The cash balance on the bank statement as of July 31 is $6,004.95. This balance includes a note of $4,000 plus $240 interest collected by the bank but not recorded in the journal. Checks outstanding on July 31 were as follows: No. 670, $781.20; No. 679, $610; No. 690, $716.50; No. 1996, $127.40; No. 1997, $520; and No. 1999, $851.50.On July 3, the cashier resigned, effective at the end of the month. Before leaving on July 31, the cashier prepared the following bank reconciliation:Subsequently, the owner of Lumberjack Company discovered that the cashier had stolen an unknown amount of undeposited receipts, leaving only $5,000 to be deposited on July 31. The owner, a close family friend, has asked your help in determining the amount that the former cashier has stolen.Required1. Determine the amount the cashier stole from Lumberjack Company. Show your computations in good form.2. How did the cashier attempt to conceal the theft?3. a. Identify two major weaknesses in internal controls, which allowed the cashier to steal the undeposited cash receipts.b. Recommend improvements in internal controls, so that similar types of thefts of undeposited cash receipts can be prevented.Chapter 9 Case 6Rakia Reynolds of Skai Blue Media is introduced in the chapters opening feature. Rakia has a client that currently sells his products through multiple outlets. The client asks Rakia for guidance as he is considering two possible plans, A or B, for expanding sales for his merchandising company.Plan A. The client would begin selling additional products online directly to customers, which are only currently sold directly to stores. These new online customers would use their credit cards. It currently has the capability of selling through its website with no additional investment in hardware or software. Credit sales are expected to increase by $250,000 per year. Costs associated with this plan are: cost of these sales will be $135,500, credit card fees will be 4.75% of sales, and additional recordkeeping and ship