View Full Version : Any Accountants here?
Hulud
05-05-2007, 11:53 AM
not likely but if there is and you want to make some extra money for probably what would be about 30 mins of work PM me PLEASE
JennB
05-05-2007, 11:54 AM
I am an accountant and Lil Paki will be soon.
What do you need? I'm about to leave for the rest of the day so I doubt I can help if you need something immediately.... heading to Macon in just a few minutes.
BTLFED
05-05-2007, 11:56 AM
I was about to post that JennB is an accountant LOL
You beat me to it woman! :lmfao:
2.0civic
05-05-2007, 11:56 AM
30 minutes?? some kind of fucked up fetish??
Hulud
05-05-2007, 11:58 AM
I am an accountant and Lil Paki will be soon.
What do you need? I'm about to leave for the rest of the day so I doubt I can help.... heding to Macon in just a few minutes.
damn i need some help on my final, it is take home
i need to do an analysis on a company (not a full one only like 10 questions)
damn maybe theres someone else then
Hulud
05-05-2007, 11:58 AM
30 minutes?? some kind of fucked up fetish??
i plead the fifth....
2.0civic
05-05-2007, 12:05 PM
i plead the fifth....i knew it:boobies:
Hulud
05-05-2007, 12:47 PM
anyone?
RandomGuy
05-05-2007, 01:00 PM
anyone?word on the street is that JennB is an accountant
Hulud
05-05-2007, 01:01 PM
word on the street is that JennB is an accountant
she already posted, but she cant help me since shes goin outta town
but i would meet up with someone and pay them, i need help
Hulud
05-05-2007, 01:41 PM
i can meet up today, sunday or monday
LMK ASAP please!
81911SC
05-05-2007, 01:43 PM
I have a TI-83 if you need it. Lol.
Hulud
05-05-2007, 01:46 PM
lol ass
i have one too
but i need an accountant
RandomGuy
05-05-2007, 01:46 PM
I have a TI-83 if you need it. Lol.i got a TI89 titanium biznitch!!!
shit is gangster i can hit f2> solve and for X and type the equation and hit enter and it will find all possible solutions FTW
81911SC
05-05-2007, 01:48 PM
i got a TI89 titanium biznitch!!!
shit is gangster i can hit f2> solve and for X and type the equation and hit enter and it will find all possible solutions FTW
Fuck that! Hell, I can barely clear my screen.
HULUD, CHECK WITH RANDOMGUY! He will find all possible solutions.:goodjob:
Hulud
05-05-2007, 01:49 PM
its not that simple :(
81911SC
05-05-2007, 01:50 PM
its not that simple :(
I would help ya if I could.:???: I'm an idiot.
RandomGuy
05-05-2007, 01:50 PM
its not that simple :(dude TI89 can do anything known to man... in some cases it knows the answer before you even type in the question. shits gangster
Hulud
05-05-2007, 01:53 PM
lol
but in all seriousness i need an accountant
this should only take 30mins to 1 hr
please help :(
ironchef
05-05-2007, 07:19 PM
WTF, you got a take home final?
Hulud
05-05-2007, 07:35 PM
yes, but thats beyond the point
i need help cause the teacher is a piece of shit
ironchef
05-05-2007, 07:43 PM
If you cant get an "a" on a take home final, youre a piece of shit LOL
Hulud
05-05-2007, 07:44 PM
If you cant get an "a" on a take home final, youre a piece of shit LOL
ok how about you do my work for me then?
cause since my teacher sucked so bad, i know as much as i did before i ever took the class
ironchef
05-05-2007, 08:01 PM
ok how about you do my work for me then?
cause since my teacher sucked so bad, i know as much as i did before i ever took the classWhat accounting is it? Financial or managerial? And do your own work LOL. Im off to go watch the fight.
Hulud
05-06-2007, 10:53 AM
im not tryin to get someone to do it for me
i just want them to look at it and help me with it so i can get an A
Hulud
05-06-2007, 12:45 PM
no one? :(
Hulud
05-06-2007, 05:16 PM
someones gotta want some extra money
ive done all but one of the ratios, just need someone to look over them and tell me if they are correct
Extrememustang
05-06-2007, 06:29 PM
When I got my bachelors of science in business I had to do ALOT of accountant stuff
no one? :(
I heard JennB is an accountant.
Extrememustang
05-06-2007, 06:35 PM
Ok what I was trying to say is I can do it.
Hulud
05-06-2007, 06:45 PM
I heard JennB is an accountant.
thats the word in this thread lol
Hulud
05-06-2007, 06:45 PM
Ok what I was trying to say is I can do it.
so you know how to do the ratios correctly from financial statements?
ironchef
05-06-2007, 07:59 PM
Are you talking about like current ratios, roi equity, gross margin, etc?
Extrememustang
05-06-2007, 08:09 PM
Yea which ratios are you talking about or just write out an exmple
Julio
05-06-2007, 08:27 PM
lol @ accountant...
wtf you need one for ? Keep tabs on your own shit playa... PAY YOURSELF 1st..
hahahah
Google dawg!!!
Hulud
05-06-2007, 08:29 PM
lol @ accountant...
wtf you need one for ? Keep tabs on your own shit playa... PAY YOURSELF 1st..
hahahah
Google dawg!!!
google doesnt give you answers to a analyze a company
i need an accountant because its for my accounting class
Hulud
05-06-2007, 08:30 PM
Yea which ratios are you talking about or just write out an exmple
times interest ratio is the one i cant figure out
cause i cant find interest expense or tax expense
thats the word in this thread lol
:D I know I figured I would post it up for you to see once more.
81911SC
05-06-2007, 09:10 PM
I heard JennB is an accountant.:thinking:
LiL PaKi
05-06-2007, 09:23 PM
PMed
Hulud
05-06-2007, 09:50 PM
replyed
I heard JennB is an accountant.:thinking:
x2.
Hulud
05-06-2007, 10:37 PM
i hate you all LOL
ironchef
05-06-2007, 10:47 PM
Yo hulud, I don't know if you know this, but I heard through the grapevine that JennB is an accountant.
Hulud
05-06-2007, 10:48 PM
Yo hulud, I don't know if you know this, but I heard through the grapevine that JennB is an accountant.
ARE YOU SERIOUS!?!?!?!?!? why didnt anyone tell me earlier?
ironchef
05-06-2007, 10:49 PM
Don't know, I was shocked when I found out.
Hulud
05-06-2007, 10:53 PM
Don't know, I was shocked when I found out.
yea man wow
well Lil Pakis gonna look at my work in the AM and tell me how bad i fucked it up LOL
ShooterMcGavin
05-07-2007, 09:26 AM
damn u a lazy mofo
ShooterMcGavin
05-07-2007, 09:29 AM
but hey, i think jenn can help you, last i heard she was an accountant :goodjob: i expect a $5 finders fee :D
Hulud
05-07-2007, 10:02 AM
damn u a lazy mofo
its not that im lazy (of course im lazy)
i did the work, i just want someone to see if i did it correctly
LiL PaKi
05-07-2007, 10:04 AM
its not that im lazy (of course im lazy)
i did the work, i just want someone to see if i did it correctly
(3) Accounts Receivable Turnover Ratio: Net Credit Sales / Avg Accounts Receivables
420,110 / [(28,456 + 18,131 / 2] = 18.04
is it suppose to be Accounts Receivable Turnover Ratio or Receivable Turnover Ratio?
LiL PaKi
05-07-2007, 10:06 AM
1. Ratios:
(1) Current Ratio: current assets / current liabilities
192,693 / 82,317 = 2.34
(2) Inventory Turnover Ratio: Cost of Goods Sold / Avg Inventory
244,501 / [(54,794 + 42,735) / 2] = 5.01
two decimal places not one.. unless specified by the professor...
crzydesi
05-07-2007, 10:07 AM
uh oh! looks like someone remembers their shit even after some time off lol
LiL PaKi
05-07-2007, 10:09 AM
uh oh! looks like someone remembers their shit even after some time off lol
lol !! it's been awhile since I took acct1... plus a semester off school... dear God, Ima hate going back next week... ~looks on the bright side~... 3 more Accounting classes left!!!!
crzydesi
05-07-2007, 10:10 AM
or... u coulda been done... LIKE ME! ... 4210 was a bitch and a half tho... i'm still waiting for my grade ... i shoulda stayed with u guys and that crazy ass teacher instead of dropping last summer
Hulud
05-07-2007, 10:10 AM
(3) Accounts Receivable Turnover Ratio: Net Credit Sales / Avg Accounts Receivables
420,110 / [(28,456 + 18,131 / 2] = 18.04
is it suppose to be Accounts Receivable Turnover Ratio or Receivable Turnover Ratio?
it just says Receivable Turnover Ratio (but im pretty sure they mean accounts receivable)
LiL PaKi
05-07-2007, 10:13 AM
it just says Receivable Turnover Ratio (but im pretty sure they mean accounts receivable)
the way I was taught was not to add in "other accounts receivables".. does your book say differently?
Hulud
05-07-2007, 10:18 AM
i think its just accounts but the book is confusing, thats one of my problems with doing this
LiL PaKi
05-07-2007, 10:26 AM
i think its just accounts but the book is confusing, thats one of my problems with doing this
accounting in not for everyone ;) ... ummm look up the equation for the receivables turnover ratio and what does it say? and look at the example...
Hulud
05-07-2007, 10:30 AM
accounting in not for everyone ;) ... ummm look up the equation for the receivables turnover ratio and what does it say? and look at the example...
it says: net credit sales / avg net receivables
then in the example on a couple hundred pages earlier it shows it useing "accounts receivable (net)"
LiL PaKi
05-07-2007, 10:31 AM
or... u coulda been done... LIKE ME! ... 4210 was a bitch and a half tho... i'm still waiting for my grade ... i shoulda stayed with u guys and that crazy ass teacher instead of dropping last summer
sorry I will choose Accounting over Finance anyday..
LiL PaKi
05-07-2007, 10:36 AM
it says: net credit sales / avg net receivables
then in the example on a couple hundred pages earlier it shows it useing "accounts receivable (net)"
uh.. where do u live?
Hulud
05-07-2007, 10:38 AM
uh.. where do u live?
marietta
LiL PaKi
05-07-2007, 10:41 AM
lunch time.. i'll be back later
Hulud
05-07-2007, 10:48 AM
ok cool
LiL PaKi
05-07-2007, 01:17 PM
2. Provide your evaluation of Tootsie Tolls’ liquidity
^--- dunno what ur prof wants..
3. (1) Debt to Total Assets Ratio: Total Liabilities / Total Assets
2004: 241,574 / 811,753 = 0.30 to 1 <-- if its a ratio you have to have it in ratio format
2003: 128,716 / 665,297 = 0.196 to 1 <-- i dunno how many decimals she wants
^--- you flipped the equation when u typed it up i guess
(2) Times Interest Earned Ratio: (net income+ interest expense+ tax expense) / interest expense
2004: (64,174+912 + 30,514) / 912 = 104.82 to 1
2003: (65,014 + 172 +32,933) / 172 = 570.46 to 1
^--- i figured it out :bump:
Hulud
05-07-2007, 01:20 PM
2. Provide your evaluation of Tootsie Tolls’ liquidity
^--- dunno what ur prof wants..
3. (1) Debt to Total Assets Ratio: Total Liabilities / Total Assets
2004: 241,574 / 811,753 = 0.30 to 1 <-- if its a ratio you have to have it in ratio format
2003: 128,716 / 665,297 = 0.196 to 1 <-- i dunno how many decimals she wants
^--- you flipped the equation when u typed it up i guess
(2) Times Interest Earned Ratio: (net income+ interest expense+ tax expense) / interest expense
2004: (64,174+912 + 30,514) / 912 = 104.82 to 1
2003: (65,014 + 172 +32,933) / 172 = 570.46 to 1
^--- i figured it out :bump:
i can write about the liquidity and profitablility etc... i just need help with the equations
damn i must have messed that equation up when i typed it, cause its written correctly on my sheet LOL sorry
LiL PaKi
05-07-2007, 01:33 PM
3. (1) Debt to Total Assets: Total Liabilities / Total Assets
2004: 241,574 / 811,753 = 0.30 to 1
2003: 128,716 / 665,297 = 0.1935 to 1
u can put it in percentage form too.. so 30% and 19.35% i dunno go with what u have always used for the class..
LiL PaKi
05-07-2007, 01:34 PM
5. (1) Profit Margin Ratio: Net income / Net Sales
2004: 64,174 / 420,110 = 15.28%
2003: 65,014 / 392,656 = 16.56 %
Hulud
05-07-2007, 01:36 PM
3. (1) Debt to Total Assets: Total Liabilities / Total Assets
2004: 241,574 / 811,753 = 0.30 to 1
2003: 128,716 / 665,297 = 0.1935 to 1
u can put it in percentage form too.. so 30% and 19.35% i dunno go with what u have always used for the class..
yea we never did this in class, which is one of the reasons im having a hard time with it
LiL PaKi
05-07-2007, 01:41 PM
(2) Asset Turnover Ratio: Net Sales / Avg Total Assets
2004: 420,110 / [(811,753 + 665,297) / 2] = 57.27%
2003: 392,656 / [(665,297 + 646,080) / 2] = 59.88 %
Hulud
05-07-2007, 01:49 PM
ok cool, i just rounded those too much
LiL PaKi
05-07-2007, 01:53 PM
(3) Return on Assets Ratio: Net Income before interest and taxes (net income+ interest expense+ tax expense) / Avg Total Assets
2004: (64,174+912 + 30,514) / [(811,753 + 665,297) / 2] = 12.94 %
2003: (65,014 + 172 +32,933) / [(665,297 + 646,080) / 2] = 14.96%
^--- check that equation.. the equation listed in my old textbook states: net income before interest and taxes/ avg total assets
Hulud
05-07-2007, 01:57 PM
it justs says: net income / avg total assets
LiL PaKi
05-07-2007, 02:01 PM
it justs says: net income / avg total assets
hmm what was the equation in the book for times interest earned ratio? cuz mine said : Times Interest Earned Ratio: Net Income before interest and taxes/ interest expense
Hulud
05-07-2007, 02:02 PM
yea thats what it says for times interest earned
LiL PaKi
05-07-2007, 02:28 PM
yea thats what it says for times interest earned
well damn... check the examples for return on assets ratio and see if you can figure out if they used net income or earnings before interest and taxes
and for the receivables one too check the examples cuz my textbook said differently
LiL PaKi
05-07-2007, 02:29 PM
i gotta run errands and junk i'll check the last one later
Hulud
05-07-2007, 02:37 PM
well damn... check the examples for return on assets ratio and see if you can figure out if they used net income or earnings before interest and taxes
and for the receivables one too check the examples cuz my textbook said differently
the book just gives the the net income and tells to figure it out
this class is bullshit lol
Hulud
05-07-2007, 02:43 PM
ive done some seraching online and all the sites i find have it as (for return on asset ratio) net income / avg total assets
LiL PaKi
05-07-2007, 09:08 PM
alright cool.. my bad i just got home.. i'll look over the last one in an hour or so..
Hulud
05-07-2007, 09:08 PM
ok
LiL PaKi
05-07-2007, 10:35 PM
not sure on the last one.. whats the diff between perferred stock dividends and stock dividens.. if there is no difference then you forgot to subtract it... for Avg Common Stock Equity you put the average of stockholder's equity u sure u were suppose to put that amount or was it suppose to be the avg amount of the common stock?
Hulud
05-07-2007, 11:12 PM
i thought prefferred stock dividends were for the preffered stock holders not the common ones?
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