can you assist me with ACC 620 milestone two with sears the company being examined?

ACC 620 Milestone Two Guidelines and Rubric Prompt: In the first milestone, you addressed stockholders' equity and income measurement/revenue recognition for your portfolio. In the second milestone for your final project, you will continue work on your portfolio by completing critical elements III and V. You will be addressing income taxes and pensions. III. Income Taxes A. If Congress voted to eliminate corporate taxes, what would be the effect on your company's income statement and balance sheet? Defend your response. B. Calculate the income tax rate for your chosen company. What effect will an increase in income of $2,000,000 have on your company? C. What are the effects on the balance sheet and income statement? Justify your response. D. How much did your company pay in foreign taxes last year? What percentage of its income is United States vs. foreign? V. Pensions Address the following elements in the form of a memo to your CEO: A. From your company's financial information, what type of pension plan does it have? Discuss the reasons why your company has chosen this particular plan. B. What was the effect of the pension plan on your company's financial statements? Defend your response. C. Your CEO has informed youthe controller of your companythat the board of directors has made the decision to look at other options of types of retirement plans. Investigate what other alternatives would be available, and determine which would be appropriate for your particular company. Guidelines for Submission: Your paper must be submitted as a 2-4-page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and at least three sources cited in APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Element Income Taxes: Corporate Taxes Exemplary Meets \"Proficient\" criteria, and defense is well supported with quantitative evidence (100%) Proficient Accurately describes the effect on the company's income statement and balance sheet if Congress voted to eliminate corporate taxes, and defends response (90%) Needs Improvement Describes the effect on the company's income statement and balance sheet if Congress voted to eliminate corporate taxes, but does not defend response, description contains inaccuracies, or defense is illogical (70%) Not Evident Does not describe the effect on the company's income statement and balance sheet (0%) Value 13 Income Taxes: Increase in Income Meets \"Proficient\" criteria, and determination is well supported with quantitative evidence (100%) Accurately calculates the income tax rate for the company and determines the effect an increase in income would have on the company (90%) Income Taxes: Effects Meets \"Proficient\" criteria, and justification is well supported with quantitative evidence (100%) Accurately determines the effects on the balance sheet and income statement and justifies response (90%) Income Taxes: Foreign Taxes Pensions: Pension Plan Pensions: Effect Accurately determines how much the company paid in foreign taxes last year and what percentage of its income was United States versus foreign (100%) Meets \"Proficient\" criteria and shows a nuanced understanding of the company's decision-making rationale (100%) Meets \"Proficient\" criteria, and defense is well supported with concrete examples (100%) Discusses the type of pension plan the company has and the reasons why the company has chosen that plan (90%) Accurately determines the effect of the pension plan on the company's financial statements and defends response (90%) Calculates the income tax rate for the company and determines the effect an increase in income would have on the company, but calculation or determination contains inaccuracies (70%) Determines the effects on the balance sheet and income statement, but determination contains inaccuracies, does not justify determination, or justification is illogical (70%) Determines how much the company paid in foreign taxes last year and what percentage of its income was United States versus foreign, but determination contains inaccuracies (70%) Discusses the type of pension plan the company has, but does not discuss the reasons why the company chose that plan (70%) Determines the effect of the pension plan on the company's financial statements, but determination lacks accuracy, does not defend determination, or defense is weak or illogical (70%) Does not calculate the income tax rate for the company (0%) 14 Does not determine the effects on the balance sheet and income statement (0%) 13 Does not determine how much the company paid in foreign taxes last year (0%) 13 Does not identify the type of pension plan the company has (0%) 14 Does not determine the effect of the pension plan on the company's financial statements (0%) 13 Pensions: Other Options Articulation of Response Meets \"Proficient\" criteria and is well supported with concrete examples (100%) Evaluates other types of retirement plans available and determines which would be appropriate for the company (90%) Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-toread format (100%) Submission has no major errors related to citations, grammar, spelling, syntax, or organization (90%) Evaluates other types of retirement plans available, but does not determine which would be appropriate for the company (70%) Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas (70%) Does not evaluate other types of retirement plans available (0%) 13 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 7 Total 100% ACC 620 Milestone Three Guidelines and Rubric Prompt: In the second milestone, you addressed income taxes and pensions for your portfolio. In the third and final milestone, you will add leases and the statement of changes to your portfolio. IV. VI. Leases A. B. C. D. What are the differences between operating and capital leases? Describe the particular leases of your company based on the liability section of your company's balance sheet. What impact have the leases had on the company's financial statements for the most recent year? Discuss the advantages and disadvantages of leasing a building versus purchasing one. Statement of Changes in Financial Position A. From the perspective of an investor, determine whether or not you would invest in your chosen company based on the company's statement of changes in financial position (SCFP). Support your opinion. B. Review the company's SCFP for any concerns that may need to be addressed. As controller of your company, prepare a memo to your CEO, giving a summary report for possible recommendations. Guidelines for Submission: Your paper must be submitted as a 2-3-page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and at least three sources cited in APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Leases: Operating and Capital Exemplary (100%) Meets \"Proficient\" criteria, and description is exceptionally clear and contextualized Proficient (90%) Comprehensively describes the differences between operating and capital leases Leases: Particular Meets \"Proficient\" criteria, and description is exceptionally clear and contextualized Describes the particular leases of the company based on the liability section of the company's balance sheet Leases: Impact Meets \"Proficient\" criteria, and defense is well supported with concrete examples Comprehensively discusses the impact the leases had on the company's financial statements for the most recent year Needs Improvement (70%) Describes the differences between operating and capital leases, but description is cursory or lacks detail Describes the particular leases of the company, but does not base description on the liability section of the company's balance sheet Discusses the impact the leases had on the company's financial statements for the most recent year, but discussion is cursory or lacks detail Not Evident (0%) Does not describe the differences between operating and capital leases Value 16 Does not describe the particular leases of the company 15 Does not discuss the impact the leases had on the company's financial statements 15 Leases: Building Meets \"Proficient\" criteria and uses concrete examples to illustrate claims Comprehensively discusses the advantages and disadvantages of leasing a building versus purchasing one Statement of Changes in Financial Position: Invest Meets \"Proficient\" criteria, and opinion is well supported with concrete examples Determines whether or not to invest in the company based on the SCFP and supports opinion Statement of Changes in Financial Position: Recommendations Meets \"Proficient\" criteria, and recommendations are well supported and logical Composes a memo to the CEO making recommendations that would effectively resolve any concerns identified in the SCFP Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-toread format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Discusses the advantages and disadvantages of leasing a building versus purchasing one, but discussion is cursory or lacks detail Determines whether or not to invest in the company based on the SCFP, but does not support opinion, or support for opinion is weak or illogical Composes a memo to the CEO making recommendations to address concerns identified in the SCFP, but recommendations would not effectively resolve concerns Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not discuss the advantages and disadvantages of leasing a building versus purchasing one 15 Does not determine whether or not to invest in the company 16 Does not compose a memo to the CEO 15 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 8 Total 100% ACC 620 Milestone Three Guidelines and Rubric Prompt: In the second milestone, you addressed income taxes and pensions for your portfolio. In the third and final milestone, you will add leases and the statement of changes to your portfolio. IV. VI. Leases A. B. C. D. What are the differences between operating and capital leases? Describe the particular leases of your company based on the liability section of your company's balance sheet. What impact have the leases had on the company's financial statements for the most recent year? Discuss the advantages and disadvantages of leasing a building versus purchasing one. Statement of Changes in Financial Position A. From the perspective of an investor, determine whether or not you would invest in your chosen company based on the company's statement of changes in financial position (SCFP). Support your opinion. B. Review the company's SCFP for any concerns that may need to be addressed. As controller of your company, prepare a memo to your CEO, giving a summary report for possible recommendations. Guidelines for Submission: Your paper must be submitted as a 2-3-page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and at least three sources cited in APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Leases: Operating and Capital Exemplary (100%) Meets \"Proficient\" criteria, and description is exceptionally clear and contextualized Proficient (90%) Comprehensively describes the differences between operating and capital leases Leases: Particular Meets \"Proficient\" criteria, and description is exceptionally clear and contextualized Describes the particular leases of the company based on the liability section of the company's balance sheet Leases: Impact Meets \"Proficient\" criteria, and defense is well supported with concrete examples Comprehensively discusses the impact the leases had on the company's financial statements for the most recent year Needs Improvement (70%) Describes the differences between operating and capital leases, but description is cursory or lacks detail Describes the particular leases of the company, but does not base description on the liability section of the company's balance sheet Discusses the impact the leases had on the company's financial statements for the most recent year, but discussion is cursory or lacks detail Not Evident (0%) Does not describe the differences between operating and capital leases Value 16 Does not describe the particular leases of the company 15 Does not discuss the impact the leases had on the company's financial statements 15 Leases: Building Meets \"Proficient\" criteria and uses concrete examples to illustrate claims Comprehensively discusses the advantages and disadvantages of leasing a building versus purchasing one Statement of Changes in Financial Position: Invest Meets \"Proficient\" criteria, and opinion is well supported with concrete examples Determines whether or not to invest in the company based on the SCFP and supports opinion Statement of Changes in Financial Position: Recommendations Meets \"Proficient\" criteria, and recommendations are well supported and logical Composes a memo to the CEO making recommendations that would effectively resolve any concerns identified in the SCFP Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-toread format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Discusses the advantages and disadvantages of leasing a building versus purchasing one, but discussion is cursory or lacks detail Determines whether or not to invest in the company based on the SCFP, but does not support opinion, or support for opinion is weak or illogical Composes a memo to the CEO making recommendations to address concerns identified in the SCFP, but recommendations would not effectively resolve concerns Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not discuss the advantages and disadvantages of leasing a building versus purchasing one 15 Does not determine whether or not to invest in the company 16 Does not compose a memo to the CEO 15 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 8 Total 100%