Descripción: Unidad didáctica de fútbol para 1er. año de educación secundaria.
laboratorio
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Descripción: evaluacion final
Descripción: Microondas (ODU 1+1 1+0)
Project: Assessing Assessing Earning Quality: Nuware, INC Assume Nuware has used the same accounting methods and assumptions as R.P. tuart, we need to do the !ollowing adjustments. "or the AR, the percentage o! allowance o! AR !or R.P. tuart company is #.#$% in &'() while that !or Nuware company is ).'*%. Nuware set a relati+ely low le+el !or the allowance o! AR which may e considered as an aggressi+e accounting method. -e apply the percentage o! allowance o! RP tuart to Nuware in order to mae Nuware/s ris o! credit sales more comparale with R.P. tuart. tuart. Nuware recorded ene!icial interest in securiti0ed recei+ales as a current asset on the alance sheet ut in the !ootnotes the !air +alue o! it is di!!erent !rom the record +alue, as the only !inancial instrument with a !air +alue, it should e classi!ied as long terms assets at !air +alue, and thus we remo+e this ene!icial interest in securiti0ed recei+ales. In addition, sales o! a+ailale !or sale securities resulted in net reali0ed gains o! 12. 3 million should e remo+ed !rom the retained earnings. Nuware de!erred the ad+ertising e4penses, ut 5AAP re6uires re6uires costs should e reali0ed as e4penses as soon as it happened. o we need to add it ac. "or the in+entory, we need to adjust Nuware/s in+entory !rom 7I"8 to "I"8. As indicated in the !ootnote, Nuware/s in+entory would e increased y &*.9 million in &'() and )9.( million in &'(& i! using "I"8. ecause o! ;7I"8 reser+e at end o! year < 7I"8 reser+e at eginning o! year = 7I"8 C85 < "I"8 C85>, Nuware/s C85 would go up y 9.2 9. 2 million under "I"8. In addition, we also need to adjust the change in the ta4 e4pense, NI and RE ased on the adjustment we did ao+e. "rom the tale in the appendi4, we can clearly see that Nuware/s pro!itaility ratio is higher than that o! R.P.tuart. R.P.tuart. R8E o! Nuware is 2% higher than that o! R.P.tuart. Comparing two !irms/ Asset turno+er ratio and Recei+ale turno+er, we can conclude that Nuware uses assets more e!!iciently. e!!iciently. ?owe+er, the ris emedded in Nuware is also higher than R.P.tuart. R.P.tuart. Nuware has a much higher le+erage ratio than R.P. tuart, which means that Nuware/s e6uity holders ear more ris than R.P.tuart/s R.P.tuart/s shareholders. In terms o! short@term de!ault de!au lt ris, Nuware is also higher than R.P.tuart R.P.tuart ecause its current ratio and 6uic ratio are oth higher than that o! R.P. tuart, respecti+ely. -e would would lie to characteri0e the accounting accou nting discretion applied y y Nuware/s management is aggressi+e in terms o! net income. A!ter adjusting the Nuware/s !inancial statements with R.P tuart accounting method and applying a pplying assumptions o! R.P tuart to Nuware/s case, we can sa!ely arri+e at the conclusion that pre+ious accounting accou nting method is aggressi+e with the oser+ation that the interest and in+estment income, net inco me and net account recei+ales rec ei+ales o! Nuware ha+e decreased. "rom another perspecti+e, i! we compare its total accruals ;= Net income < Cash !low operations> to net income o+er time, we can easily draw the same conclusion since increase in net income is uilt up y using accruals.
