1.Review the board presentationof the other groupposted within your discussion group.2.During your...

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1.Review the board presentationof the other groupposted within your discussion group.2.During your review of each company come up with a list of fourto fiveobservations or questions related to your review. The observations or questions should relate to items of concern, worry, or other areas for which you feel you have not been providedenough information by the preparer. 3.Prepare a discussion post response to the accountant/top manager that presents your observations and/or questions. The observations and/or questions should move beyond basic statements. As an example, “you have a lot of cash” would not be a good observation. A better comment would be something like this, “It appears cash has grown each of the last three years while the company has continued to remain profitable. Is there plans to invest the free cash in some sort of investing type activity in the near future?”

Tanmoy · Accepted Answer

Whitewater Zoo Store: Post Discussions on board presentation
Review on Whitewater Zoo Income statement:	
1. From the Income statement it is observed that the animal food expense has risen from 2016 till 2019 gradually. Is there any new animals bought in the zoo? If so, is there any provision to generate more revenue from these animals?
2. The bad debt expense is observed to be remaining constant for all the years from 2016 to 2019. What exactly is the bad debt expense all about? Also, if this expense can be reduced, it can lower the operating expenses.
3. In 2019, the payroll expenses – general manager has decreased. Whereas, it is observed from 2016 onwards there has been an increase in this expense till 2018. Why there is a sudden decrease in this expense? Did Whitewater Zoo store hired new general manager at a lower expense?
4. From 2016 onwards till 2019 the advertising expense has increased by almost 550%. Expense incurred on advertisement is a good idea. But, what is the percentage of earnings to advertising expenses in 2019?
5. The Net Income of the company has increased by 212% in 2019 compared to 2018. Now the net income is transferred to the balance sheet as retained earnings. But,

1.Review the board presentationof the other groupposted within your discussion group.2.During your review of each company come up with a list of fourto fiveobservations or questions related to your...

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