Kaplan University Essential Values of a Worthy Leader Essay
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Kaplan University Essential Values of a Worthy Leader Essay
Intermediate Accounting Essay
Read Chapter 4 of your textbook Intermediate Accounting 16th edition and write a 1,500-word essay
that addresses the following topics:
-What is the usefulness of the income statement?
-Describe the elements of the income statement.
-What are discontinued operations?
-Describe changes in accounting principles, change in estimates, and correction of errors.
Kaplan University Essential Values of a Worthy Leader Essay
You are analyzing ABC Company, a computer manufacturer. You notice that inventory turnover this year
is significantly lower than prior years. You also notice that accounts receivable turnover is significantly
lower this year when compared to previous years. Provide three explanations that would be consistent
with your observation for inventory turnover and include an explanation of whether these would be of
concern to you, as well as what the effect might be on the next period's financial results. In addition,
provide three explanations that would be consistent with your observation of the accounts receivable
turnover, and also explain whether these would be of concern to you.
Just do response each posted down below # 1 to 3 only
Posted 1
Low Inventory Turnover: One reason inventory turnover may be low is due to a decrease in sales. This is
probably one of the most common reasons. This may be a concern but it can ultimately depend on the
industry at the time as well as any circumstances from the economy, and more. This may affect next
period's financial statements by its reflection of a decrease in net sales and cost of goods sold. The
second reason for low inventory turnover is holding onto too much inventory (overstocking). This is a
concern because a company may be ordering too much when there is not a demand for it.
The next period's financial statements may look as if shareholders' equity is overstated due to an excess
of inventory in assets. The last reason turnover may be low is because of obsolescence. This is a concern
because companies may have a product that is out of date and essentially worthless. This can affect
financial statements in the next period because it may seem that the company has inventory that can be
converted to cash (liquidity) when in reality they don’t. All they have is worthless inventory.
Low Accounts Receivable Turnover: Reasons for low accounts receivable turnover can result from a
company having a poor collection process, bad credit policies, or customers that are not financially
viable or creditworthy (Receivables Turnover Ratio, 2019). This is a big concern because if a company is
able to sell a product but cannot collect money from the customers who bought it, reflects not only
issues regarding the customers who aren’t paying but also the policies and collection strategies of the
company with the low A/R turnover ratio. This may reflect negatively in future financial statements
because the company will have a high number in A/R as well as a high number in the allowance for
doubtful accounts.
Posted 2
The decrease in inventory turnover can be the result of overstocking their product, decrease in sales, or
a sudden change in the supply and demand of the product. All of these should be of a concern to the
company. Overstocking can be from the inability to properly manage and oversee the need of raw
materials and products for production leaving money lost in materials sitting. A decrease in sales can be
from multiple issues but all will lead to concern for the company.
The loss of demand for your product can lead to the products you already produced go under a loss as
you cannot move the product. The decrease in accounts receivable turnover is due to increase in bad
debts, downturn in the economy, and inept in collecting the debts. These should be a concern as if you
are unable to receive the payments owed your cash flow will be comprised. These results in the inability
to pay of your debtors. A decrease in the sales and enlivenment of payments both have a negative
impact on the company. Also, not being able to properly assess the company debt and taking on bad
debt brings forth lasting cash flow issues.
Posted 3
Hello professor and everyone,
Three explanations for a lower turnover rate are:
Change in method used for valuation of inventory. Changing from FIFO method to LIFO will result in a
lower inventory turnover rate. Wondering the reason for this decision. Companies prefer a higher
turnover rate. Knowing this would lower it, why make this change? Was it done to affect the income
statement?
Decrease in sales. By investigate the sales force as opposed to previous periods. This could be from the
loss of human capital.
Increase in inventory levels. Looking at the reason why the inventory increases due to expansion, unable
to move inventories or extra buy, etc. This would increase assets in the balance sheet. Possibly
concerning.
Three explanations for a lower accounts receivable turnover:
Decrease in debtor's cash collections.
Increase in bad debts. By investigating the process and company’s policy in place with extending
customer credit. It could be that the company has started to open more accounts to higher risk clients. It
could also be an issue with human capital and not having the manpower” to collect on accounts.
Decrease in sales. This runs hand in hand with the lower turnover rate. Sales effectiveness has decrease
or losing market with current products.
Overall, I would concentrate on better sales. Increase or change marketing strategy and the quality of
the sales force.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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