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BUS 5110 Written Assignment Unit 1 #5
BUS 5110 Written Assignment Unit 1
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BUS 5110: Managerial Accounting - Written Assignment Unit 1Written Assignment Unit 1
Managerial Accounting
Polly’s Pet Products
BUS 5110
University of the People BUS 5110: Managerial Accounting - Written Assignment Unit 1
Written Assignment
Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Paper should be double spaced in Times New Roman (or its equivalent) font which is no greater than 12 points in size. The paper should cite at least three sources in APA format. In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answer the accounting problem asks. The accounting problem presents a company’s balance sheet, income statement, and statement of cash flows for a theoretical company, Polly’s Pet Products. Each of these statements has blank lines. Determine the values that would be appropriate for each blank line.
Provide a narrative of how you arrived at each value. Include in this narrative an explanation of:
1)the financial statement being completed; 2)the account being valued; 3)Its relationship to the other financial data.
For example, if the accounts payable (AP) line was missing, describe what a balance sheet is and explain that you can derive the AP value based on knowing all the other values of the current liabilities section. Then explain what an account liability is, as well as why it would belong in the current liabilities section of the balance sheet. Finally, analyze, evaluate, and develop a conclusion about the company’s performance based on the completed statements.
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