ual footing for comparison purposes. For example, for auto manufacturers, it is common to express sales, costs, and profits on a per-car basis. For each of the following industries, give an example of an actual company and discuss one or more potentially useful means of standardising financial information: a. Public utilities b. Large retailers c. Airlines d. Online services e. Hospitals f. College textbook publishers

Financial analysis and forecasting are based on assumptions and estimates. Comparing the income of two companies may include different company assumptions in reporting their financial information. Therefore, their income may be different even though they have the same products in equal volume. Discuss the various financial/accounting assumptions that could explain the difference in income for two companies’ income with the same products and equal volume.

2. Multiple choices, please choose one of the correct choices 1) Which one of the following statements is not true? a) Financial accounting reports are used by investors to make investment decisions while cost and management accounting reports are used by managers to make business decisions. b) Financial accounting summarizes accounting transactions while cost and management accounting presents a detailed analysis of costs, selling prices and any other information required by an entity's management.< c) Financial accounting reports report on what has happened while management accounting reports focus on current activity and future projections. d) Financial accounting reports have an internal user focus while management accounting reports are focused on external users of accounting information.< 2) What kind of cost does the table represent? Output Cost 5,000.00 12,000.00 a) Semi-variable Cost b) Fixed Cost c) Variable Cost 30,000.00 55,000.00 90,000.00 ✔ e A 3) The form and content of…

Identify two key financial ratios you would use as a guide (and why) to help you determine which business you would prefer to invest in

1. Using the information in appendix 1 only, comment on the financial performance of the business (briefly consider growth, profitability and credit management)  II. Explain why non-financial information, such as the type shown in appendix 2, is likely to give a better indication of the likely future success of the business than the financial information given in appendix 1.  III. Using the data given in appendix 2, comment on the performance of the business. Include comments on internal business processes, customer knowledge and learning/growth, and provide a concluding comment on the overall performance of the business

A company's stakeholders often differ in their financial statement focus. For example, some stakeholders focus primarily on the income statement, while others focus primarily on the statement of cash flows or the balance sheet. For each of the following situations, indicate which financial statement would be the most likely focus for the stakeholder. Choose either the income statement, balance sheet, or statement of cash flows. Situation 4:  Assume that you are considering taking a job (internal stakeholder) with either Sears or JCPenney. Situation 5:  Assume that you are a banker for US Bank (capital market stakeholder), and you are considering whether to grant a major credit line (loan) to Target. The credit line will allow Target to borrow up to $400 million for a five-year period at the market rate of interest.