SOLUTIONS MANUAL
Financial Accounting for MBAs
Peter D. Easton, John J. Wild, Robert F. Halsey, and Mary Lea McAnally
ST
──────────────────────────────────────────────────
9th Edition
UV
IA
?_
AP
PR
OV
ED
? ?
, TABLE OF CONTENTS
Financial Accounting for MBAs (9th Edition) - Solutions Manual
Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
ST
Module 1 Financial Accounting for MBAs
UV
Module 2 Introducing Financial Statements
R
Module 3 Transactions, Adjustments, and Financial Statements
U
Module 4 Analyzing and Interpreting Financial Statements
IA
SE
Module 5 Revenues, Receivables, and Operating Expenses
Module 6 Inventories, Accounts Payable, and Long-Term Assets
?_
IS
Module 7 Current and Long-Term Liabilities
Module 8 Stock Transactions, Dividends, and EPS
O
AP
Module 9 Intercorporate Investments
N
Module 10 Leases, Pensions, and Income Taxes
N
Module 11 Cash Flows
O
PR
Module 12 Financial Statement Forecasting
Module 13 Using Financial Statements for Valuation
C
OV
ED
M
ED
??
, Module 1 Financial Accounting for MBAs
MC1-1
Option Answer
ST
Balance sheet, income sheet, statement of cash flow, statement of common stockholders'
a.
equity
b. Balance sheet, income statement, statement of cash flow, statement of retained earnings
UV
Balance sheet, income statement, statement of cash flow, statement of stockholders'
c.
equity
d. Balance sheet, income sheet, statement of cash flow, statement of stockholders' equity
IA
MC1-2
Option Answer
?_
a. Strengths, Weaknesses, Opportunities, Threats, Policies
Buyers' bargaining power, Supplier's bargaining power, Industry competition, Threat of
b.
substitution, Threat of entry
AP
Buyers' bargaining power, Supplier's bargaining power, Industry composition, Threat of
c.
substitution, Threat of entry
Buyers' bargaining power, Sellers' bargaining power, Industry competition, Threat of
d.
PR
substitution, Threat of entry
MC1-3
OV
Option Answer
January is after the holiday season when sales are high. Best Buy wants to include those
a.
holiday sales in its results.
b. A non-December year end will help reduce federal income taxes.
ED
In late January, inventory will be lower because of the holiday season sales and Best Buy
c.
can more easily (and inexpensively) count its inventory.
Other retailers pick late January or early February, and so there is an industry standard
d.
??
that Best Buy wants to use.
MC1-4
Option Answer
a. $3,306
1
, Option Answer
b. $22,496
c. $12,901
d. Not enough information to determine total equity.
ST
MC1-5
Option Answer
UV
a. 43%
b. 74%
c. 26%
IA
Not enough information to determine the percentage of financing provided by Best Buy’s
d.
owners.
MC1-6
?_
Option Answer
a. 7.05%
AP
b. 6.95%
c. 7.15%
d. 3.52%
PR
MC1-7
OV
Option Answer
a. 82.90%
b. 386.34%
c. 136.51%
ED
d. 68.26%
MC1-8
??
Option Answer
a. Descriptive analytics
b. Visualized analytics
c. Predictive analytics
2
Financial Accounting for MBAs
Peter D. Easton, John J. Wild, Robert F. Halsey, and Mary Lea McAnally
ST
──────────────────────────────────────────────────
9th Edition
UV
IA
?_
AP
PR
OV
ED
? ?
, TABLE OF CONTENTS
Financial Accounting for MBAs (9th Edition) - Solutions Manual
Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
ST
Module 1 Financial Accounting for MBAs
UV
Module 2 Introducing Financial Statements
R
Module 3 Transactions, Adjustments, and Financial Statements
U
Module 4 Analyzing and Interpreting Financial Statements
IA
SE
Module 5 Revenues, Receivables, and Operating Expenses
Module 6 Inventories, Accounts Payable, and Long-Term Assets
?_
IS
Module 7 Current and Long-Term Liabilities
Module 8 Stock Transactions, Dividends, and EPS
O
AP
Module 9 Intercorporate Investments
N
Module 10 Leases, Pensions, and Income Taxes
N
Module 11 Cash Flows
O
PR
Module 12 Financial Statement Forecasting
Module 13 Using Financial Statements for Valuation
C
OV
ED
M
ED
??
, Module 1 Financial Accounting for MBAs
MC1-1
Option Answer
ST
Balance sheet, income sheet, statement of cash flow, statement of common stockholders'
a.
equity
b. Balance sheet, income statement, statement of cash flow, statement of retained earnings
UV
Balance sheet, income statement, statement of cash flow, statement of stockholders'
c.
equity
d. Balance sheet, income sheet, statement of cash flow, statement of stockholders' equity
IA
MC1-2
Option Answer
?_
a. Strengths, Weaknesses, Opportunities, Threats, Policies
Buyers' bargaining power, Supplier's bargaining power, Industry competition, Threat of
b.
substitution, Threat of entry
AP
Buyers' bargaining power, Supplier's bargaining power, Industry composition, Threat of
c.
substitution, Threat of entry
Buyers' bargaining power, Sellers' bargaining power, Industry competition, Threat of
d.
PR
substitution, Threat of entry
MC1-3
OV
Option Answer
January is after the holiday season when sales are high. Best Buy wants to include those
a.
holiday sales in its results.
b. A non-December year end will help reduce federal income taxes.
ED
In late January, inventory will be lower because of the holiday season sales and Best Buy
c.
can more easily (and inexpensively) count its inventory.
Other retailers pick late January or early February, and so there is an industry standard
d.
??
that Best Buy wants to use.
MC1-4
Option Answer
a. $3,306
1
, Option Answer
b. $22,496
c. $12,901
d. Not enough information to determine total equity.
ST
MC1-5
Option Answer
UV
a. 43%
b. 74%
c. 26%
IA
Not enough information to determine the percentage of financing provided by Best Buy’s
d.
owners.
MC1-6
?_
Option Answer
a. 7.05%
AP
b. 6.95%
c. 7.15%
d. 3.52%
PR
MC1-7
OV
Option Answer
a. 82.90%
b. 386.34%
c. 136.51%
ED
d. 68.26%
MC1-8
??
Option Answer
a. Descriptive analytics
b. Visualized analytics
c. Predictive analytics
2
