Discuss key points on observations of results: Is the company operating profitably (what percent of...
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Discuss key points on observations of results: Is the company operating profitably what percent of revenues result in profitnet income How well poised are they to meet liabilities discuss liquidity and current ratio discuss accounting considerations associated with the acquisition of additional long termfixed assets, and the addition of merchandise inventory. How will the company account for the costs of longterm assets? How will the method of depreciation be determined? Expand on different methods of depreciation to demonstrate ideal application How does accounting change with the addition of merchandise inventory? How will it be determined which inventory costing method to apply? Discuss how the FIFO, LIFO, and Average methods differ and provide examples of the types of merchandising scenarios that would be ideally applicable in each case.
Discuss key points on observations of results: Is the company operating profitably what percent of revenues result in profitnet income How well poised are they to meet liabilities discuss liquidity and current ratio discuss accounting considerations associated with the acquisition of additional long termfixed assets, and the addition of merchandise inventory. How will the company account for the costs of longterm assets? How will the method of depreciation be determined? Expand on different methods of depreciation to demonstrate ideal application How does accounting change with the addition of merchandise inventory? How will it be determined which inventory costing method to apply? Discuss how the FIFO, LIFO, and Average methods differ and provide examples of the types of merchandising scenarios that would be ideally applicable in each case.
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