1. HCS 380 Week 1 Individual Assignment Reference Chart
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Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their
roles.
Cite 3 peer-reviewed, scholarly, or similar references to support your
paper.
Click on the Assignment Files tab to submit your assignment.
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HCS 380 Week 1 WileyPLUS (Ex 1-15, Ex Problem 1-3A,
Ex 2-1, Ex 2-5, Problem 2-3A)
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This Tutorial contains Excel Sheet which can be used to solve below
mentioned Problem for any numbers/values
2. Complete the assigned exercises in WileyPLUS.
Excel Exercise 1-15
Excel Problem 1-3A
Exercise 2-1
Exercise 2-5
Problem 2-3A
Problem 2-2A
You should see the following assignments that are due for a grade:
Chapter 1 - Excel assignment;
Chapter 2 - Homework assignment – wileyplus prepare excel sheet
Chapter 2 – Problems -- prepare excel sheet
NOTE: Assignment must be completed by Due Date.
3. E1-15
Classify items as assets, liabilities, and stockholders' equity, and
prepare accounting equation
Suppose the following items were taken from the balance sheet of
Nike, Inc. (All items are in millions.)
1. Cash $2,291.1 7. Inventory $2,357.0
2. Accounts receivable 2,883.9 8. Income
taxes payable 86.3
3. Common stock 2,874.2 9.
Equipment 1,957.7
4. Notes payable 342.9 10. Retained earnings
5,818.9
5. Buildings 3,759.9 11. Accounts payable
2,815.8
6. Mortgage payable 1,311.5
Instructions
(a) Classify each of these items as an asset, liability, or
stockholders' equity and determine the total
dollar amount for each classification.
(b) Determine Nike's accounting equation by calculating the
value of total assets, total liabilities, and
total stockholders' equity.
4. (c ) To what extent does Nike rely on debt versus equity
financing?
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?"
P1-3A
Prepare an income statement, retained earnings statement and
balance sheet; discuss results
On June 1, Hightower Service Co. was started with an initial
investment in the company of $22,100 cash.
Here are the assets, liabilities, and common stock of the company at
June 30, and the revenues and
expenses for the month of June, its first month of operations:
Cash $4,600 Notes payable $12,000
Accounts receivable 4,000 Accounts payable
500
Service revenue 7,500 Supplies expense
1,000
Supplies 2,400 Maintenance and repairs
expense 600
Advertising expense 400 Utilities expense
300
Equipment 26,000 Salaries and wages expense
1,400
5. Common Stock 22,100
In June, the company issued no additionalstock but paid dividends of
$1,400.
Instructions
(a) Prepare an income statement and retained earnings statement
for the month of June and a balance sheet
at June 30, 2014.
(b) Briefly discuss whether the company's first month of
operations was a success.
(c ) Discuss the company's decision to distribute a dividend.
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?" .
Exercise 2-1
Classify each of the following financial statement items taken from
Mordica Corporation’s balance sheet.
Accounts payable
Accounts receivable
6. Entry field with incorrect answer Accumulated depreciation—
equipment
Buildings
Cash
Interest payable
Goodwill
Income taxes payable
Inventory
Stock investments (to be
Land (in use)
Mortgage payable
Supplies
Equipment
Prepaid rent
Exercise 2-5
These items are taken from the financial statements of Donavan Co.
at December 31, 2014.
9. 21,416
Interest payable
4,118
Service revenue
16,817
Problem 2-3A
You are provided with the following information for Ramirez
Enterprises, effective as of its April 30, 2014, year-end.
Accounts payable
$ 868
Accounts receivable
918
Accumulated depreciation—equipment
670
Cash
10. 1,378
Common stock
1,224
Cost of goods sold
1,094
Depreciation expense
301
Dividends
359
Equipment
2,528
Income tax expense
199
Income taxes payable
169
12. 1,600
Salaries and wages expense
666
Salaries and wages payable
256
Sales revenue
5,208
Stock investments (short-term)
1,274
Prepare an income statement for Ramirez Enterprises for the year
ended April 30, 2014.
Problem 2-2A
These items are taken from the financial statements of Tresh
Corporation for 2014.
Retained earnings (beginning of year)
$34,462
15. 19,843
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HCS 380 Week 2 Team Assignment Financial Statement
Components (2 PPT)
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This Tutorial contains 2 PPT
HCS 380 Week 2 Team Assignment Financial Statement Components
Financial Statement Components
Instructions:
Your team has been asked by a local community college instructor to
speak to a class about health care accounting. The instructor has
asked
you to prepare a 10-to 15- slide Microsoft® PowerPoint®
presentation in
which you do the following:
• Describe the relationship between financial statements and the
supplemental components comprised in an annual report.
• Explain how the accounting equation affects financial statement
16. components.
• Determine the effects of transactions on the accounting equation.
Include the following with your presentation:
• Detailed speaker notes
• Specific examples
• A 1-page handoutto give to students
Format your presentation according to APA guidelines.
Cite 3 peer-reviewed, scholarly, or similar references to support your
paper.
Click on the Assignment Files tab to submit your assignment.
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HCS 380 Week 2 WileyPLUS Excel Assignment (Ex 4-12,
Ex 4-13, Ex 4-16, Ex P4-1A)
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Complete the assigned exercises in WileyPLUS.
You should see the following assignments that are due for a grade:
·
Chapter 4 - Excel assignment
17. NOTE: Assignment must be completed by Due Date. Automatic
deduction of 50% of points if received after due date. No points
awarded if completed after 4 days from Due Date.
Excel Exercise 4-12
Excel Exercise 4-13
Excel Exercise 4-16
Excel Problem 4-1A
E4-12 Prepare a correct income statement
The income statement of Garska Co. for the month of July shows net
income of $2,000
based on Service Revenue $5,500; Salaries and Wages $2,100;
Supplies Expense $900;
and Utilities Expense $500. In reviewing the statement, you discover
the following:
1. Insurance expired during July of $350 was omitted.
2. Supplies expense includes $200 of supplies that are still on
hand at July 31.
3. Depreciation on equipment of $150 was omitted.
4. Accrued but unpaid wages at July 31 of $360 were not
included,
5. Services performed but unrecorded totaled $700.
18. Instructions
Prepare a correct income statement for July 2014.
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?" .
E4-13 Analyze adjusted data
This is a partial adjusted trial balance of Barone Company
BARONE COMPANY
Adjusted Trial Balance
January 31, 2014
Debit Credit
Supplies $700
Prepaid Insurance 1,560
Salaries and Wages Payable $1,060
Unearned Service Revenue 750
Supplies Expense 950
Insurance Expense 520
Salaries and Wages Expense 1,800
Service Revenue 4,000
Instructions
19. Answer these questions, assuming the year begins January 1.
(a) If the amount in Supplies Expense is the January 31 adjusting
entry, and
$300 of supplies was purchased in January, what was the
balance in Supplies
on January 1?
(b) If the amount in Insurance Expense is the January 31
adjusting entry, and the
original insurance premium was for 1 year, what was the total
premium and
when was the policy purchased?
(c ) If $2,500 of salaries was paid in January, what was the
balance in Salaries and
Wages Payable at December 31, 2013?
(d) If $1,800 was received in January for services performed in
January, what was
the balance in Unearned Service Revenue at December 31,
2013?
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?" .
E4-16 Prepare adjusting entries from analysis of trial balance
The trial balance shown below are before and after adjustment for
Bere Company at the end of its fiscal year.
20. BERE OMPANY
Trial Balance
August 31, 2014
Instructions
Prepare the adjusting entries that were made
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?" .
P4-1A Record transactions on accrual basis; convert revenue to cash
receipts
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HCS 380 Week 3 Individual Assignment Accounting
Comparison (2 Papers)
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This Tutorial contains 2 Papers
21. HCS 380 Week 3 Individual Assignment Accounting Comparison
Accounting Comparison
Instructions:
Create a diagram comparing accrual and cash accounting. Also
include
a 350- to 700-word summary of the differentiation and uses of the
two.
Cite 3 peer-reviewed, scholarly, or similar references to support your
paper.
Click on the Assignment Files tab to submit your assignment.
==============================================
HCS 380 Week 3 WileyPLUS Ex 13-9, Ex 13-13
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This Tutorial contains Excel Sheet which can be used to solve
below mentioned Problem for any numbers/values
Complete the assigned exercises in WileyPLUS.
22. Exercise 13-9
Exercise 13-13
Exercise 13-9
Your answer is partially correct.
Kinder Company has these comparative balance sheet data:
KINDER COMPANY
Balance Sheets
December 31
2014
2013
Cash
$ 29,895
$ 59,790
24. $ 119,580
Mortgage payable (15%)
199,300
199,300
Common stock, $10 par
279,020
239,160
Retained earnings
109,615
79,720
$687,585
$637,760
25. Additional information for 2014:
1.
Net income was $30,600.
2.
Sales on account were $377,000. Sales returns and allowances
amounted to $26,600.
3.
Cost of goods sold was $201,000.
4.
Net cash provided by operating activities was $58,500.
5.
Capital expenditures were $26,100, and cash dividends were $17,300.
Compute the following ratios at December 31, 2014.
Exercise 13-13
26. Your answer is partially correct.
The condensed financial statements of Elliott Company for the years
2013 and 2014 are presented below.
ELLIOTT COMPANY
Balance Sheets
December 31 (in thousands)
2014
2013
Current assets
Cash and cash equivalents
$330
$360
Accounts receivable (net)
545
30. $3,980
$3,640
Costs and expenses
Cost of goods sold
1,045
965
Selling & administrative expenses
2,400
2,330
Interest expense
10
20
Total costs and expenses
31. 3,455
3,315
Income before income taxes
525
325
Income tax expense
210
130
Net income
$ 315
$ 195
Compute the following ratios for 2014 and 2013. (Round all answers
to 2 decimal places, e.g. 1.83 or 12.61%.)
(a)
32. Current ratio.
(b)
Inventory turnover. (Inventory on December 31, 2012, was $380.)
(c)
Profit margin.
(d)
Return on assets. (Assets on December 31, 2012, were $1,950.)
(e)
Return on common stockholders’ equity. (Equity on December 31,
2012, was $940.)
(f)
Debt to assets ratio.
(g)
Times interest earned.
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33. HCS 380 Week 4 Individual Signature Assignment
Financial Statement (2 Papers)
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This Tutorial contains 2 Papers
Signature Assignment: Financial Statement
Instructions:
The community college instructor has asked for your help again. This
time, he has asked for you to personally create a document he could
give to his students.
Write a 750- to 1,050-word paper in which you:
• Explain the ways financial information is used in health care
organizations.
• Explain the use of the financial statement analysis as a method to
address financial issues.
• Analyze the effects of unusual or irregular items on financial
statements.
Format your paper according to APA guidelines.
Cite 3 peer-reviewed, scholarly, or similar references to support your
paper.
Click on the Assignment Files tab to submit your assignment.
34. ==============================================
HCS 380 Week 4 WileyPlus Ex 7-8, Ex7-14
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This Tutorial contains Excel Sheet which can be used to solve below
mentioned Problem for any numbers/values
Complete the assigned exercises in WileyPLUS.
Chapter 7 - Excel Assignment (E7-8);
Chapter 7 - Excel Assignment (E7-14: Cash Budget)
Exercise 7-8
The following information pertains to Joyce Company.
1.
Cash balance per bank, July 31, $7,419.
2.
July bank service charge not recorded by the depositor $57.
35. 3.
Cash balance per books, July 31, $7,455.
4.
Deposits in transit, July 31, $2,791.
5.
Note for $2,091 collected for Joyce Company in July by the bank, plus
interest $55 less fee $39. The collection has not been recorded by
Joyce Company, and no interest has been accrued.
6.
Outstanding checks, July 31, $705.
Exercise 7-14
Enright Company expects to have a cash balance of $63,550 on
January 1, 2014. These are the relevant monthly budget data for the
first two months of 2014.
1.
Collections from customers: January $88,550, February $163,550.
2.
Payments to suppliers: January $57,550, February $92,550.
36. 3.
Wages: January $30,161, February $40,161. Wages are paid in the
month they are incurred.
4.
Administrative expenses: January $21,161, February $24,161. These
costs include depreciation of $1,000 per month. All other costs are
paid as incurred.
5.
Selling expenses: January $15,161, February $20,161. These costs
are exclusive of depreciation. They are paid as incurred.
6.
Sales of short-term investments in January are expected to realize
$12,161 in cash. Enright has a line of credit at a local bank that
enables it to borrow up to $25,000. The company wants to maintain a
minimum monthly cash balance of $37,550.
Prepare a cash budget for January and February.
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HCS 380 Week 5 Individual Signature Assignment Cash
Control (2 Papers)
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This Tutorial contains 2 Papers
Signature Assignment: Cash Control
Instructions:
Write a 750- to 1,050-word paper in which you:
• Explain the principles of internal control.
• Explain the use of cash and internal controls to prevent fraud.
• Explain why corporations invest in stocks and debt securities.
• Explain how debt and stock investments are reported in financial
statements.
Format your paper according to APA guidelines.
Cite 3 peer-reviewed, scholarly, or similar references to support your
paper.
Click on the Assignment Files tab to submit your assignment.
==============================================
HCS 380 Week 5 Team Assignment Business Proposal (2
Papers)
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HCS 380 Week 5 Team Assignment Business Proposal
Business Proposal
Instructions:
For this assignment, you will use the consolidated financial
statements
you chose in Week Four. As a team, analyze your chosen consolidated
financial statements and make recommendations to leadership based
on your findings.
Write a 750- to 1,050-word proposal, and include a link to your
chosen
financial statements.
Format your proposal according to APA guidelines.
Cite 3 peer-reviewed, scholarly, or similar references to support your
paper.
Click on the Assignment Files tab to submit your assignment.
SupportingMaterial:Business Proposal Grading Guide
39. ==============================================
HCS 380 Week 5 WileyPLUS Ex 10-8A, Ex 10-8B, Ex 10-
10A, Problem 11-2A, 11-7A
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Wiley Problem for any numbers/values
Complete the assigned exercises in WileyPLUS
Excel Problem 10-8A
Excel Problem 10-8B
Excel Problem 10-10A
Problem 11-2A
Problem 11-7A
40. P10-8A
Prepare journal entries to record issuance of bonds, interest, straight-
line amortization, and balance sheet presentation
and balance sheet presentation
Yung Corporation sold $2,000,000, 7%, 5 year bonds on January 1,
2014. The bonds were dated January 1, 2014, and pay interest
on January 1. The company uses straight-line amortization on bond
premiums or discounts.
Instructions
(a) Prepare all necessary journal entries to record the issuance
of the bonds and bond interest expense for 2014,
assuming the bond sold at 102.
(b) Prepare journal entries as in part (a) assuming the bonds sold
at 97.
(c ) Show the balance sheet presentation for the bond issue at
December 31, 2014, using (1) the 102 selling price, and
then (2) the 97 selling price
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?" .
P10-8B
41. Prepare journal entries to record issuance of bonds, interest, straight-
line amortization, and balance sheet presentation
and balance sheet presentation
Holmes Corporation sold $2,200,000,8%, 5-year bonds on January
1, 2014. The bonds were dated January 1, 2014, and pay interest
on January 1. Holmes Corporation uses the straight-line method to
amortize bond premiums or discounts.
Instructions
(a) Prepare all necessary journal entries to record the issuance
of the bonds and bond interest expense for 2014,
assuming the bond sold at 102.
(b) Prepare journal entries as in part (a) assuming g the bonds
sold at 98.
(c ) Show the balance sheet presentation for the bond issue at
December 31, 2014, using (1) the 102 selling price, and
then (2) the 98 selling price
NOTE: Enter a number in cells requesting a value; enter either a
number or a formula in cells with a "?" .
P10-10A
42. Prepare journal entries to record issuance of bonds, payment of
interest, and amortization of bond discount using effective interest
method.
On January 1, 2014, Lock Corporation issued
$1,800,000 face value, 5%
10 -year bonds at $1,667,518
This price resulted in an effective-interest rate of
6% on the bonds. Lock uses the effective-interest
method to amortize bond premium or
discount. The bonds pay annualinterest January 1.
Instructions: (Round all computations to the nearest dollar.)
(a) Prepare the journal entry to record the issuance of the bonds on
January 1, 2014. &
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HCS 380 Wileyplus Exercise 13-9 (Solution with Excel file)
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Just enter the value and get the answer, this excel file will work for
any value
Kinder Company has these comparative balance sheet data:
43. KINDER COMPANY
Balance Sheets
December 31
2014 2013
Cash $ 34,290 $ 68,580
Accounts receivable (net) 160,020 137,160
Inventory 137,160 114,300
Plant assets (net) 457,200 411,480
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HCS 380 Wileyplus Exercise 13-13 (Solution with Excel
file)
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Just enter the value and get the answer, this excel file will work for
any value
The condensed financial statements of Elliott Company for the years
2013 and 2014 are presented below.
ELLIOTT COMPANY
44. Balance Sheets
December 31 (in thousands)
2014 2013
Current assets
Cash and cash equivalents $330 $360
Accounts receivable (net) 648 578
Inventory 655 585
Prepaid expenses 130 160
Total current assets 1,763 1,683
Property, plant, and equipment (net) 410 380
Investments 188 188
Intangibles and other assets 530 510
Total assets $2,891 $2,761
Current liabilities $998 $968
Long-term liabilities 675 575
Stockholders’ equity—common 1,218 1,218
Total liabilities and stockholders’ equity $2,891 $2,761
ELLIOTT COMPANY
Income Statements
For the Year Ended December 31 (in thousands)
2014 2013
45. Sales revenue $3,995 $3,655
Costs and expenses
Cost of goods sold 1,148 1,068
Selling & administrative expenses 2,400 2,330
Interest expense 10 20
Total costs and expenses 3,558 3,418
Income before income taxes 437 237
Income tax expense 175 95
Net income $ 262 $ 142
Compute the following ratios for 2014 and 2013. (Round all answers
to 2 decimal places, e.g. 1.83 or 12.61%.)
(a) Current ratio.
(b) Inventory turnover. (Inventory on December 31, 2012, was
$400.)
(c) Profit margin.
(d) Return on assets. (Assets on December 31, 2012, were
$2,700.)
(e) Return on common stockholders’ equity. (Equity on December
31, 2012, was $990.)
(f) Debt to assets ratio.
(g) Times interest earned.
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