Balance Sheet and Income Statement Memorandum
Description
Assignment Content
Competency
Interpret how the components of a balance sheet and income statement communicate the financial position of an organization.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Scenario
You are interested in a position managing the front-end operations of Costco, a publicly traded company. Whenever you interview for a new position, experts suggest you do research to make sure you understand all the components of the position, as well as the company. As part of the interview process you need to demonstrate competencies in both financial and managerial accounting. In order to prepare for your upcoming interview, you decide to demonstrate an understanding of the accounting components and uses of the balance sheet and income statement.
Instructions
In a written memo to the Human Resources department of Costco, demonstrate you researched the company by addressing the following:
Explain the different classifications of accounts contained in the balance sheet and the income statement and the process for the income to move from the income statement to the balance sheet.
Identify the different components on the balance sheet and income statement within the service, merchandising, and manufacturing industries, and which industry Costco would fall within.
Evaluate the different accounts on the balance sheet and the income statement as these relate to Costco.
Elaborate on whether Costco’s revenues are generated through providing a service, selling merchandise, or manufacturing operations or a combination of these processes.
Explain how the revenue and company operations in general affect various inventories on the balance sheet.
Analyze the financial position of Costco based on the 2018 financial statements.
ORDER an A++ paper from our MASTERS and DOCTORATE WRITERS
Who We Are
We are a professional custom writing website. If you have searched for a question and bumped into our website just know you are in the right place to get help in your coursework.
Do you handle any type of coursework?
Yes. We have posted over our previous orders to display our experience. Since we have done this question before, we can also do it for you. To make sure we do it perfectly, please fill out our Order Form. Filling the order form correctly will assist our team in referencing, specifications, and future communication.
Is it hard to Place an Order?
ORDER NOW FOR AN ORIGINAL PAPER ASSIGNMENT
1. Click on the “Order Now” on the Main Menu and a new page will appear with an order form to be filled.
2. Fill in your paper’s requirements in the “PAPER INFORMATION” section and the system will calculate your order price/cost.
3. Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
4. Click “FINAL STEP” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
100% Reliable Site. Make this your Home of Academic Papers.
SCORE A+ WITH HELP FROM OUR PROFESSIONAL WRITERS: ORDER NOW FOR AN ORIGINAL PAPER ASSIGNMENT
Always Order High-Quality Academic Papers from HERE
5. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.
We will process your orders through multiple stages and checks to ensure that what we are delivering to you, in the end, is something that is precise as you envisioned it. All of our essay writing service products are 100% original, ensuring that there is no plagiarism in them. The sources are well-researched and cited so it is interesting. Our goal is to help as many students as possible with their assignments, i.e. our prices are affordable and services premium.
Looking for a Similar Assignment? Order a custom-written, plagiarism-free paper