Wednesday, July 17, 2019
Boeing Company Essay
1.2) Boeing Company is the largest manufacturer of commercial aircraft in the United States and is a major employer in Seattle, Washington. Explain why severally of the chase individuals or organizations would be concerned in financial in mannikination ab turn up the come with.a. atomic number 20 Public Employees Retirement System. One of the realitys largest pension funds. They would be interested in Boeings financials to see how such(prenominal) the company contributes to their employees 401K plans.b. Chinese Airlines, a rapidly growing airline lot the Pacific Rim. Seeing the amount of sales that Boeing has, shows the reliability in their product through increased sales numbers.c. Henry James, a real estate investor considering building apartments in the Seattle area. Increased sales would mean the hiring browse would rise to meet workflow demands. This would be valuable because employees would need to relocate and would be looking for housing.d. Boeings managementReviewi ng the companys financials allows the management to see where their losing or gaining money. It also allows them to assess in what areas they could by chance make investments.e. International Aerospace Machinists, a roil union representing many Boeing employees. This organization would as authentic interest in their financials to make sure that the compensation of the employees is fair. In most cases when a union is involved, there is a helping of compensation that has been agreed upon.1.7) Financial method of taleing system (i)Management accounting (h)Financial reportage (g)Financial statements (f)General-purpose assumption (b) justice (c )Internal control (e)Public accounting (d)Bookkeeping (a)2.3A Goldstar Communications was organized on declination 1 of the current class and had the following account balances at celestial latitude 31, listed in tabular form advance(prenominal) in January, the following transactions were carried out by Goldstar Communications 1. Sold p ileus stock to owners for $35,000.2. Purchased land and a bittie office building for a centre price of $90,000, of which $35,000 was the repute of the land and $55,000 was the value of the building. Paid $22,500 in cash and sign(a) a note payable for the rest $67,500. 3. Bought several computer systems on deferred payment for $9,500 (30-day open account). 4. Obtained a loan from uppercase Bank in the amount of $20,000. sign a note payable. 5. Paid the $28,250 account payable due as of December 31. Instructionsa. List the December 31 balances of assets, liabilities, and owners equity in tabular form as shown. b. Record the effects of separately of the five transactions in the stage illustrated in Exhibit 211 . Show the totals for all columns after each transaction.
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