Devry acct 216 week 2 homework
•
0 likes•15 views
The document provides instructions for an accounting homework assignment for DeVry ACCT 216 Week 2. It asks the student to write a 4-6 sentence paragraph describing the 4 basic financial statements and their relationship. It also lists 12 transactions from the first month of operations for Jerry Enterprises and requires the student to prepare journal entries for each transaction.
Report
Share
Report
Share
Download to read offline
Recommended
Acc 557 week 9 chapter 13 homework 5
This document provides instructions for homework problems involving the preparation of statements of cash flows using the indirect method. It includes journal entries and account balance information for various companies, and asks the student to use this data to complete the operating activities section of the statement of cash flows for each company. It also asks the student to compute free cash flow for one of the companies. The problems involve analyzing changes in balance sheet accounts to determine cash flows from operating activities.
Uop acc-290-week-2-wiley plus
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Acc 557 homework 5 chapter 13
This document provides instructions for homework assignments on accounting transactions and preparing statements of cash flows using the indirect method. It includes sample journal entries for various business transactions, as well as income statements and balance sheets for two companies, and asks students to prepare the operating activities sections of the statements of cash flows using the indirect information provided. It directs students to submit their answers on a separate Word or Excel document and provides contact information for the homework assignment.
Uop acc 290 week 2 wiley plus 100% correct
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Uop acc 290 week 2 wiley plus correct
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Uop acc 290 week 2 wiley plus correct
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Acct 550 week 1 homework assignment
devry acct 550 week 1 homework assignment,devry acct 550 week 1,devry acct 550 week 1,devry acct 550,devry acct 550 week 1 tutorial,devry acct 550 week 1 assignment,devry acct 550 week 1 help
100 dollar
The cash budget for September shows negative cash flow due to large equipment purchases. Cash inflows include sales revenue and credit collections. Cash outflows include supplier payments, labor costs, overhead, equipment purchases, and other expenses. While sales are increasing 25% month-over-month, high credit sales and immediate supplier payments are straining cash flow. Recommendations include increasing cash sales, payment terms changes with suppliers, cost control, motivating employees, and continued sales growth to improve the overall cash position.
Recommended
Acc 557 week 9 chapter 13 homework 5
This document provides instructions for homework problems involving the preparation of statements of cash flows using the indirect method. It includes journal entries and account balance information for various companies, and asks the student to use this data to complete the operating activities section of the statement of cash flows for each company. It also asks the student to compute free cash flow for one of the companies. The problems involve analyzing changes in balance sheet accounts to determine cash flows from operating activities.
Uop acc-290-week-2-wiley plus
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Acc 557 homework 5 chapter 13
This document provides instructions for homework assignments on accounting transactions and preparing statements of cash flows using the indirect method. It includes sample journal entries for various business transactions, as well as income statements and balance sheets for two companies, and asks students to prepare the operating activities sections of the statements of cash flows using the indirect information provided. It directs students to submit their answers on a separate Word or Excel document and provides contact information for the homework assignment.
Uop acc 290 week 2 wiley plus 100% correct
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Uop acc 290 week 2 wiley plus correct
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Uop acc 290 week 2 wiley plus correct
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
Acct 550 week 1 homework assignment
devry acct 550 week 1 homework assignment,devry acct 550 week 1,devry acct 550 week 1,devry acct 550,devry acct 550 week 1 tutorial,devry acct 550 week 1 assignment,devry acct 550 week 1 help
100 dollar
The cash budget for September shows negative cash flow due to large equipment purchases. Cash inflows include sales revenue and credit collections. Cash outflows include supplier payments, labor costs, overhead, equipment purchases, and other expenses. While sales are increasing 25% month-over-month, high credit sales and immediate supplier payments are straining cash flow. Recommendations include increasing cash sales, payment terms changes with suppliers, cost control, motivating employees, and continued sales growth to improve the overall cash position.
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise Assignment
Basic Accounting Equations
1. Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint.
a. The inventory of boating supplies owned by the company.
b. Monthly rental charges paid for store space.
c. A loan owed to Citizens Bank.
d. New computer equipment purchased to handle daily record keeping.
e. Daily sales made to customers.
f. Amounts due from customers.
g. Land owned by the company to be used as a future store site.
h. Weekly salaries paid to salespeople.
2. Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
Accounts Payable $3,200 Interest Expense $2,500
Accounts Receivable 14,800 Land 18,000
Auto Expense 1,900 Loan Payable 40,000
Building 30,000 Tax Expense 3,300
Cash 7,400 Utilities Expense 4,100
Fee Revenue 56,900 Wage Expense 37,500
a. Determine Rossi’s total assets as of December 31.
b. Determine the company’s total liabilities as of December 31.
c. Compute 20X3 net income or loss.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 19XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, Owners Equity 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 19XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Parker established a sole proprietorship. The following transactions occurred during the month:
1: Parker invested $19,000 into the business.
2: Paid $9,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Parker withdrew $600 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Investments/Withdrawals, and Revenues/Expenses. (See Exhibit 5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Parker.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found?
(2) Did the company have a “good” month from an accounting viewpoint? Briefly explain.
5. Transaction analysis and statement.
BWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise Assignment
Basic Accounting Equations
1. Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. Amounts paid to a mall for rent.
b. Amounts to be paid in 10 days to suppliers.
c. A new fax machine purchased for office use.
d. Land held as an investment.
e. Amounts due from customers.
f. Daily sales of merchandise sold.
g. Promotional costs to publicize a concert.
h. A long-term loan owed to Citizens Bank.
i. The albums, tapes, and CDs held for sale to customers.
2. Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
May 1
Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business.
5
Provided $1,000 of services to Jason Ratchford, a client, on account.
9
Paid $1,250 of salaries to an employee.
14
Acquired a new computer for $4,200, on account.
20
Collected $800 from Jason Ratchford for services provided on May 5.
24
Borrowed $2,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX:
Building $40,000 Accounts receivable $24,000
Cash 21,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Simmons established a sole proprietorship. The following transactions occurred during the month:
1: Simmons invested $32,000 into the business for $32,000 in common stock.
2: Paid $5,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Simmons withdrew $800 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Simmons.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found?
( ...
Acc2051 5
The document provides a tutorial with solutions for ACC 205 Week 1-5 assignments on financial ratios. It includes 16 pages of tutorial solutions and 10 practice problems covering basic accounting concepts like identifying assets, liabilities, revenues and expenses; preparing basic financial statements; journal entries; adjusting entries; and bank reconciliations. The high-level tasks involve preparing basic financial statements, journal entries, adjusting entries and a bank reconciliation based on sample business transactions provided.
1. Recognition of normal balances The following items appeared i.docx
1.
Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. Amounts paid to a mall for rent.
b. Amounts to be paid in 10 days to suppliers.
c. A new fax machine purchased for office use.
d. Land held as an investment.
e. Amounts due from customers.
f. Daily sales of merchandise sold.
g. Promotional costs to publicize a concert.
h. A long-term loan owed to Citizens Bank.
i. The albums, tapes, and CDs held for sale to customers.
2.
Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
May 1
Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business.
5
Provided $1,000 of services to Jason Ratchford, a client, on account.
9
Paid $1,250 of salaries to an employee.
14
Acquired a new computer for $4,200, on account.
20
Collected $800 from Jason Ratchford for services provided on May 5.
24
Borrowed $2,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3.
Balance sheet preparation.
The following data relate to Preston Company as of December 31,
20XX:
Building $40,000 Accounts receivable $24,000
Cash 21,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4.
Basic transaction processing
. On November 1 of the current year, Richard Simmons established a sole proprietorship. The following transactions occurred during the month:
1: Simmons invested $32,000 into the business for $32,000 in common stock.
2: Paid $5,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Simmons withdrew $800 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b..
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise Assignment
Basic Accounting Equations
1.Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. The albums, tapes, and CDs held for sale to customers.
b. A long-term loan owed to Citizens Bank.
c. Promotional costs to publicize a concert.
d. Daily sales of merchandise sold,
e. Amounts due from customers,
f. Land held as an investment,
g. A new fax machine purchased for office use.
h. Amounts to be paid in 10 days to suppliers,
i. Amounts paid to a mall for rent.
2.Basic journal entries
The following April transactions pertain to the Jennifer Royall Company:
Apr. 1
Jennifer Royall invested cash of $15,000 and land valued at $10,000into the business.
Apr.5
Provided $1,200 of services to Jason Ratchford, a client, on account.
Apr.9
Paid $250 of salaries to an employee.
Apr.14
Acquired a new computer for $3,200, on account.
Apr.20
Collected $800 from Jason Ratchford for services provided on April 5.
Apr.24
Borrowed $7,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheetas of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Parker established a sole proprietorship. The following transactions occurred during the month:
1: Parker invested $19,000 into the business for $19,000 in common stock.
2: Paid $9,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Parker withdrew $600 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Parker.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found? ...
Basic Accounting Equations1. Recognition of normal balance.docx
Basic Accounting Equations
1.
Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a.
Amounts paid to a mall for rent.
b.
Amounts to be paid in 10 days to suppliers.
c.
A new fax machine purchased for office use.
d.
Land held as an investment.
e.
Amounts due from customers.
f.
Daily sales of merchandise sold.
g.
Promotional costs to publicize a concert.
h.
A long-term loan owed to Citizens Bank.
i.
The albums, tapes, and CDs held for sale to customers.
2.
Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
May 1
Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business.
5
Provided $1,000 of services to Jason Ratchford, a client, on account.
9
Paid $1,250 of salaries to an employee.
14
Acquired a new computer for $4,200, on account.
20
Collected $800 from Jason Ratchford for services provided on May 5.
24
Borrowed $2,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3.
Balance sheet preparation.
The following data relate to Preston Company as of December 31,
20XX:
Building
$40,000
Accounts receivable
$24,000
Cash
21,000
Loan payable
30,000
J. Preston, Capital
65,000
Land
21,000
Accounts payable
?
Prepare a balance sheet as of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4.
Basic transaction processing
.
On November 1 of the current year, Richard Simmons established a sole proprietorship. The following transactions occurred during the month:
1: Simmons invested $32,000 into the business for $32,000 in common stock.
2: Paid $5,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Simmons withdrew $800 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash,
Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Simmons.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found?
(2) Did the company h.
Practice test 1 acct 201
The document contains 5 practice exam problems involving various accounting concepts:
1) Prepare adjusting entries for inventory, rent revenue, interest expense, insurance expense, and depreciation expense.
2) Prepare closing entries for the adjusted trial balance provided, including accounts such as supplies, equipment, salaries, etc.
3) Prepare an income statement for the sale of a division including operating losses before and after sale, tax rate, continuing operations income, and EPS.
4) Determine gross profit for an airplane contract using the percentage-of-completion method given costs and billings for two years.
5) Compute gross profit to recognize from an installment sale of inventory over three years using the installment method given down payment, install
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docx
Week Two Exercise Assignment
Revenue and Expenses
1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
a. Amounts paid on June 30 for a 1-year insurance policy
b. Professional fees earned but not billed as of June 30
c. Repairs to the firm’s copy machine, incurred and paid in June
d. An advance payment from a client for a performance next month at a convention
e. The payment in part (d) from the client’s point of view
f. Interest owed on the company’s bank loan, to be paid in early July
g. The bank loan payable in part (f)
h. Office supplies on hand at year-end
2. Analysis of prepaid account balance. The following information relates to Action Sign Company for 20X2:
Insurance expense
$4,350
Prepaid insurance, December 31, 20X2
1,900
Cash outlays for insurance during 20X2
6,200
Compute the balance in the Prepaid Insurance account on January 1, 20X2.
3. Understanding the closing process. Examine the following list of accounts:
Interest Payable
Accumulated Depreciation: Equipment
Alex Kenzy, Drawing
Accounts Payable
Service Revenue
Cash
Accounts Receivable
Supplies Expense
Interest Expense
Which of the preceding accounts
a. appear on a post-closing trial balance?
b. are commonly known as temporary, or nominal, accounts?
c. generate a debit to Income Summary in the closing process?
d. are closed to the capital account in the closing process?
4. Adjusting entries and financial statements. The following information pertains to Fixation Enterprises:
· The company previously collected $1,500 as an advance payment for services to be rendered in the future. By the end of December, one third of this amount had been earned.
· Fixation provided $2,500 of services to Artech Corporation; no billing had been made by December 31.
· Salaries owed to employees at year-end amounted to $1,650.
· The Supplies account revealed a balance of $8,800, yet only $3,300 of supplies were actually on hand at the end of the period.
· The company paid $18,000 on October 1 of the current year to Vantage Property Management. The payment was for 6 months’ rent of Fixation’s headquarters, beginning on November 1.
Fixation’s accounting year ends on December 31.
Instructions
Analyze the five preceding cases individually and determine the following:
a. The type of adjusting entry needed at year-end (Use the following codes: A, adjustment of a prepaid expense; B, adjustment of an unearned revenue; C, adjustment to record an accrued expense; or D, adjustment to record an accrued revenue.)
b. The year-end journal entry to adjust the accounts
c. The income statement impact of each adjustment (e.g., increases total revenues by $500)
5. Adjus.
Acct 216 accounting theory and applications
acct 216 ,devry acct 216,devry acct 216 entire course,devry acct 216 entire class,devry acct 216 accounting theory and applications entire coursedevry acct 216 week 1,devry acct 216 week 2,devry acct 216 week 3,devry acct 216week 4,devry acct 216 week 5,devry acct 216 week 6,devry acct 216 week 7,devry acct 216 tutorials,devry acct 216assignments,devry acct 216 help
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing a
Statement of Financial Position, and Evaluating the Current Ratio (P2-5) BCE Inc., Canadn's
largest communications company, provides a comprehensive and innovative suite of broadband
communications and content services to consumer, residential, business, and governme
customers in Canada. The following is BCE's (simplified) statement of financial position from a
recent year:
Assume that the following transactions (in millions of dollars) occurred in fiscal year 2021
(ended on December 31, 2021): a. Issued additional shares for $200 in cash. b. Borrowed $6,300
from creditors; due in 10 years. Long Term 300 c. Purchased additional investments for $1,500
cash; one-fifth were long-term and the rest were short-term. 1200 d. Purchased property, plant,
and equipment; paid $4,650 in cash and $850 with additional long-term bank loans. e. Lent $250
to associated companies that signed a six-month note. f. Sold short-term investments costing
$200 for $200 cash. Required: 1. Prepare a journal entry for each transaction. 2. Create a T-
account for each item on the statement of financial position and include the December 31 , 2020
balances. Post each journal entry to the appropriate T-account. 3. Prepare a trial balance as at
December 31, 2021. 4. Prepare a statement of financial position for BCE based on the T-account
ending balances at December 31, 2021. 5. Compute BCE's current ratio for fiscal year 2021.
What does this suggest about the company?.
Question 2The Trial Balance of the Hope, Faith and Cha.docx
The Trial Balance of the Hope, Faith and Charity Company had various normal account balances listed totaling $131,000 in the debit column. The document also included multiple-choice questions related to adjusting entries, financial statements, and trial balances.
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise Assignment
Financial Ratios
1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edison
Stagg
Thornton
Cash
$4,000
$2,500
$1,000
Short-term investments
3,000
2,500
2,000
Accounts receivable
2,000
2,500
3,000
Inventory
1,000
2,500
4,000
Prepaid expenses
800
800
800
Accounts payable
200
200
200
Notes payable: short-term
3,100
3,100
3,100
Accrued payables
300
300
300
Long-term liabilities
3,800
3,800
3,800
a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:
20X5
20X4
Net credit sales
$832,000
$760,000
Cost of goods sold
440,000
350,000
Cash, Dec. 31
125,000
110,000
Average Accounts receivable
180,000
140,000
Average Inventory
70,000
50,000
Accounts payable, Dec. 31
115,000
108,000
a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The company reported the following information for 20X7:
Net sales
$1,500,000
Interest expense
$120,000
Income tax expense
$80,000
Preferred dividends
$25,000
Net income
$130,000
Average assets
$1,100,000
Average common stockholders' equity
$400,000
a. Compute the profit margin ratio, the return on equity and the return on assets, rounding calculations to two decimal places.
b. Does the firm have positive or negative financial leverage? Briefly explain.
4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$76,000
$80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.
5. Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$ 76,000
$ 80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.
6. Ratio computation. The financial statements of the Lone Pine Company follow.
LONE PINE COMPANY
Comparat ...
University of Maryland University CollegeFinal Examination.docx
University of Maryland University College
Final Examination
Acct220: Principles of Accounting I
For this exam, omit all general journal entry explanations.
Question 1: Suggested time 20 minutes: 15% points:
The account balances appearing on the trial balance (below) were taken from the general ledger of Flip's Copy Shop at June 30, 2012.
Additional information for the month of June which has not yet been recorded in the accounts is as follows:
(a)
A physical count of supplies indicates $300 on hand at June 30.
(b)
The amount of insurance that expired in the month of June was $200.
(c)
Depreciation on equipment for June was $400.
(d)
Rent owed on the copy shop for the month of June was $600 but will not be paid until July.
Flip’s Copy Shop
Trial Balance
For the Month Ended June 30, 2012
Account Titles
Debit
Credit
Cash
$1,000
Supplies
1,100
Prepaid Insurance
2,200
Equipment
24,000
Accum. Depreciation— Equipment
$4,500
Accounts Payable
2,400
Notes Payable
4,000
Flip’s Capital
15,300
Flip’s Drawings
2,400
Service Revenue
4,900
Utilities Expense
400
Totals
$31,100
$31,100
Instructions: Prepare in journal form, without explanations, the end of month adjusting entries & closing entries for Flip's Copy Shop for the month of June.
Acct220a
Page 1 of 9
Question 2: Suggested time 15 minutes: 15% points:
The following items were taken from the post adjusted trial balance of Flip Company. (All balances are normal.)
Mortgage payable
$ 1,443
Accumulated depreciation
3,655
Prepaid expenses
880
Accounts payable
1,444
Equipment
11,000
Notes payable after 2015
1,200
Long-term investments
1,100
Flip’s capital
13,480
Short-term investments
3,690
Accounts receivable
1,696
Notes payable in 2014
1,000
Inventories
1,756
Cash
2,100
Instructions: Prepare a classified balance sheet in good form as of December 31, 2013.
Question 3: Suggested time 15 minutes: 15% points:
The following information is available for Flip Company:
Beginning inventory
600 units at $4
First purchase
900 units at $6
Second purchase
500 units at $7.20
Assume that Flip uses a periodic inventory system and that there are 700 units left at the end of the month.
Instructions: Compute the cost of ending inventory and Cost of Good Sold under the
(a)
LIFO method.
(b)
FIFO method.
(c)
Average-cost method
Acct220a
Page 2 of 9
Question 4: Suggested time 15 minutes: 10% points:
Prepare journal entries to record the following transactions entered into by Flip Company:
2012
June
1
Accepted a $10,000, 12%, 1-year note from Flop as full payment on her account.
Nov.
1
Sold merchandise on account to Flap, Inc. for $12,000, terms 2/10, n/30.
Nov.
5
Flap, Inc. returned merchandise worth $500.
Nov.
9
Received payment in full from Flap, Inc.
Dec.
31
Accrued interest on Flop's note.
2013
June
1
Flop honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2013
Question 5: Suggested time 20 minutes ...
Problemset c questions
The document provides financial information for several hypothetical companies and instructions to calculate various financial ratios based on the information provided. Specifically:
- It presents income statements, balance sheets, and other financial data for multiple companies including Starbucks, Graham Corporation, Barnette Enterprises, Batman Corporation, Spiderman Corporation, and Howard Company.
- For each company, it provides calculations or financial statement preparation tasks to analyze profitability, liquidity, and solvency based on ratios such as net income, earnings per share, working capital, current ratio, debt-to-assets ratio, and free cash flow.
- It also provides condensed financial information for Janzan Corporation and instructs the calculation and interpretation of liquidity,
Uop acc-290-week-2-practice-connect-practice-assignment
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
E2-11 Assume Down-com was organized on May 1-2010 to compete with Desp.docx
E2-11 Assume Down.com was organized on May 1,2010 to compete with Despair.com-a company that sells de-motivational posters and office products. The following events occurred during the first month of Down.coms operations. a. Received $60,000 cash from the investors who organized Down.com Corporation. b. Borrowed $20,000 cash and signed a note due in two years. c. Ordered computer equipment costing $16,000. d. Purchased $9,000 in equipment, paying $2,000 in cash and signing a six-month note for the balance. e. Received and paid for the computer equipment ordered in (c). Paid for half of it, and put the rest on account. Prepare a balance sheet.
Solution
Equity & Liabilities Amount Assets Amount Capital 60000 Cash 70000 Loan 20000 Computer Equipment 16000 Payable for Computer Equipment 8000 Equipment 9000 Payable for Equipment 7000 Total 95000 Total 95000
.
Acc 205 Exceptional Education / snaptutorial.com
For more classes visit
www.snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of
Acc 205 Enhance teaching - snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
a. Determine Rossi's total assets as of December 31.
b. Determine the company's total liabilities as of December 31.
c. Compute 20X3 net income or loss.
Exercises1. Classification of activitiesClassify each of the.docx
Exercises
1. Classification of activities
Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity:
________
a. Received $80,000 from the sale of land
________
b. Received $3,200 from cash sales
________
c. Paid a $5,000 dividend
________
d. Purchased $8,800 of merchandise for cash
________
e. Received $100,000 from the issuance of common stock
________
f. Paid $1,200 of interest on a note payable
________
g. Acquired a new laser printer by paying $650
________
h. Acquired a $400,000 building by signing a $400,000 mortgage note
2. Indirect calculation of operating cash flows
Video Corporation's balance sheet revealed the following account balance information:
Account
Dec. 31, 20X6
Dec. 31, 20X5
Accounts receivable
$52,000
$57,000
Merchandise inventory
75,000
68,000
Accounts payable
21,000
19,500
The accrual-basis net income was $107,000. In computing net income, the company recorded $12,600 of depreciation expense; there were no gains or losses from investing and financing activities.
On the basis of the preceding information, calculate Video's cash flows from operating activities by using the indirect method.
3. Indirect calculation of operating cash flows
Specialty Services Inc. reported a net income of $110,000 for the year just ended, which includes an $18,000 gain on the sale of long-term investments. The following data were obtained from comparative balance sheets:
Oct. 31, 20X2
Oct. 31, 20X1
Trade accounts receivable
$245,000
$203,000
Merchandise inventory
230,000
308,000
Accumulated depreciation: equipment
120,000
65,000
Accounts payable
190,000
124,000
Accrued liabilities
38,000
73,000
There were no purchases or disposals of equipment during the year. The long-term investment had a carrying (book) value of $77,000 and was sold for cash on June 15.
On the basis of the preceding information, determine the cash provided by operating activities from November 1, 20X1 through October 31, 20X2. The firm uses the indirect method of statement preparation.
4. Overview of direct and indirect methods
Evaluate the comments that follow as being true or false. If the comment is false, briefly explain why.
a. Both the direct method and the indirect method will produce the same cash flow from operating activities.
b. Depreciation expense is added back to net income when the indirect method is used.
c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported.
d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed.
e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used.
5. Statement preparation: Direct method
The comparative balance sheets of Village Company follow:
VILLAGE COM ...
Acc sample exam
This document provides a sample accounting competency exam with 47 multiple choice questions covering various accounting concepts and calculations. Some of the key topics covered in the exam include: the accounting process, financial statements, accounting equation, adjusting entries, inventory methods, depreciation methods, dividends, bonds, financial ratios, and more. The exam tests fundamental accounting knowledge and skills.
Devry acct 216 week 6 homework a
During August 2013, DB Inc. completed several financial transactions:
1) They purchased equipment for $50,000 with a 6 month, 8% note payable.
2) They issued $15,000 shares of $2 par stock at $8 per share.
3) They received an invoice for $450 in telephone services to be paid the next month.
4) They sold $320,000 in product sales and accrued 5% for future warranty costs.
Devry acct 216 week 1 homework (v 2)
Sharon Kent started a real estate business called SK Realty as a corporation on April 1, 2013. She deposited $105,000 in cash into the business bank account and issued herself common stock to start the business. The document provides homework questions for an accounting course, including writing a paragraph on how ethics should be incorporated into making accounting judgments and why ethics are important for good business practices. It also directs students to online resources for homework help and additional classes.
More Related Content
Similar to Devry acct 216 week 2 homework
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise Assignment
Basic Accounting Equations
1. Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint.
a. The inventory of boating supplies owned by the company.
b. Monthly rental charges paid for store space.
c. A loan owed to Citizens Bank.
d. New computer equipment purchased to handle daily record keeping.
e. Daily sales made to customers.
f. Amounts due from customers.
g. Land owned by the company to be used as a future store site.
h. Weekly salaries paid to salespeople.
2. Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
Accounts Payable $3,200 Interest Expense $2,500
Accounts Receivable 14,800 Land 18,000
Auto Expense 1,900 Loan Payable 40,000
Building 30,000 Tax Expense 3,300
Cash 7,400 Utilities Expense 4,100
Fee Revenue 56,900 Wage Expense 37,500
a. Determine Rossi’s total assets as of December 31.
b. Determine the company’s total liabilities as of December 31.
c. Compute 20X3 net income or loss.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 19XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, Owners Equity 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 19XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Parker established a sole proprietorship. The following transactions occurred during the month:
1: Parker invested $19,000 into the business.
2: Paid $9,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Parker withdrew $600 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Investments/Withdrawals, and Revenues/Expenses. (See Exhibit 5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Parker.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found?
(2) Did the company have a “good” month from an accounting viewpoint? Briefly explain.
5. Transaction analysis and statement.
BWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise Assignment
Basic Accounting Equations
1. Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. Amounts paid to a mall for rent.
b. Amounts to be paid in 10 days to suppliers.
c. A new fax machine purchased for office use.
d. Land held as an investment.
e. Amounts due from customers.
f. Daily sales of merchandise sold.
g. Promotional costs to publicize a concert.
h. A long-term loan owed to Citizens Bank.
i. The albums, tapes, and CDs held for sale to customers.
2. Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
May 1
Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business.
5
Provided $1,000 of services to Jason Ratchford, a client, on account.
9
Paid $1,250 of salaries to an employee.
14
Acquired a new computer for $4,200, on account.
20
Collected $800 from Jason Ratchford for services provided on May 5.
24
Borrowed $2,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX:
Building $40,000 Accounts receivable $24,000
Cash 21,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Simmons established a sole proprietorship. The following transactions occurred during the month:
1: Simmons invested $32,000 into the business for $32,000 in common stock.
2: Paid $5,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Simmons withdrew $800 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Simmons.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found?
( ...
Acc2051 5
The document provides a tutorial with solutions for ACC 205 Week 1-5 assignments on financial ratios. It includes 16 pages of tutorial solutions and 10 practice problems covering basic accounting concepts like identifying assets, liabilities, revenues and expenses; preparing basic financial statements; journal entries; adjusting entries; and bank reconciliations. The high-level tasks involve preparing basic financial statements, journal entries, adjusting entries and a bank reconciliation based on sample business transactions provided.
1. Recognition of normal balances The following items appeared i.docx
1.
Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. Amounts paid to a mall for rent.
b. Amounts to be paid in 10 days to suppliers.
c. A new fax machine purchased for office use.
d. Land held as an investment.
e. Amounts due from customers.
f. Daily sales of merchandise sold.
g. Promotional costs to publicize a concert.
h. A long-term loan owed to Citizens Bank.
i. The albums, tapes, and CDs held for sale to customers.
2.
Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
May 1
Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business.
5
Provided $1,000 of services to Jason Ratchford, a client, on account.
9
Paid $1,250 of salaries to an employee.
14
Acquired a new computer for $4,200, on account.
20
Collected $800 from Jason Ratchford for services provided on May 5.
24
Borrowed $2,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3.
Balance sheet preparation.
The following data relate to Preston Company as of December 31,
20XX:
Building $40,000 Accounts receivable $24,000
Cash 21,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4.
Basic transaction processing
. On November 1 of the current year, Richard Simmons established a sole proprietorship. The following transactions occurred during the month:
1: Simmons invested $32,000 into the business for $32,000 in common stock.
2: Paid $5,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Simmons withdrew $800 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b..
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise Assignment
Basic Accounting Equations
1.Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. The albums, tapes, and CDs held for sale to customers.
b. A long-term loan owed to Citizens Bank.
c. Promotional costs to publicize a concert.
d. Daily sales of merchandise sold,
e. Amounts due from customers,
f. Land held as an investment,
g. A new fax machine purchased for office use.
h. Amounts to be paid in 10 days to suppliers,
i. Amounts paid to a mall for rent.
2.Basic journal entries
The following April transactions pertain to the Jennifer Royall Company:
Apr. 1
Jennifer Royall invested cash of $15,000 and land valued at $10,000into the business.
Apr.5
Provided $1,200 of services to Jason Ratchford, a client, on account.
Apr.9
Paid $250 of salaries to an employee.
Apr.14
Acquired a new computer for $3,200, on account.
Apr.20
Collected $800 from Jason Ratchford for services provided on April 5.
Apr.24
Borrowed $7,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheetas of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Parker established a sole proprietorship. The following transactions occurred during the month:
1: Parker invested $19,000 into the business for $19,000 in common stock.
2: Paid $9,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Parker withdrew $600 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Parker.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found? ...
Basic Accounting Equations1. Recognition of normal balance.docx
Basic Accounting Equations
1.
Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a.
Amounts paid to a mall for rent.
b.
Amounts to be paid in 10 days to suppliers.
c.
A new fax machine purchased for office use.
d.
Land held as an investment.
e.
Amounts due from customers.
f.
Daily sales of merchandise sold.
g.
Promotional costs to publicize a concert.
h.
A long-term loan owed to Citizens Bank.
i.
The albums, tapes, and CDs held for sale to customers.
2.
Basic journal entries
The following transactions pertain to the Jennifer Royall Company:
May 1
Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business.
5
Provided $1,000 of services to Jason Ratchford, a client, on account.
9
Paid $1,250 of salaries to an employee.
14
Acquired a new computer for $4,200, on account.
20
Collected $800 from Jason Ratchford for services provided on May 5.
24
Borrowed $2,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3.
Balance sheet preparation.
The following data relate to Preston Company as of December 31,
20XX:
Building
$40,000
Accounts receivable
$24,000
Cash
21,000
Loan payable
30,000
J. Preston, Capital
65,000
Land
21,000
Accounts payable
?
Prepare a balance sheet as of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4.
Basic transaction processing
.
On November 1 of the current year, Richard Simmons established a sole proprietorship. The following transactions occurred during the month:
1: Simmons invested $32,000 into the business for $32,000 in common stock.
2: Paid $5,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Simmons withdrew $800 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash,
Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Simmons.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found?
(2) Did the company h.
Practice test 1 acct 201
The document contains 5 practice exam problems involving various accounting concepts:
1) Prepare adjusting entries for inventory, rent revenue, interest expense, insurance expense, and depreciation expense.
2) Prepare closing entries for the adjusted trial balance provided, including accounts such as supplies, equipment, salaries, etc.
3) Prepare an income statement for the sale of a division including operating losses before and after sale, tax rate, continuing operations income, and EPS.
4) Determine gross profit for an airplane contract using the percentage-of-completion method given costs and billings for two years.
5) Compute gross profit to recognize from an installment sale of inventory over three years using the installment method given down payment, install
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docx
Week Two Exercise Assignment
Revenue and Expenses
1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
a. Amounts paid on June 30 for a 1-year insurance policy
b. Professional fees earned but not billed as of June 30
c. Repairs to the firm’s copy machine, incurred and paid in June
d. An advance payment from a client for a performance next month at a convention
e. The payment in part (d) from the client’s point of view
f. Interest owed on the company’s bank loan, to be paid in early July
g. The bank loan payable in part (f)
h. Office supplies on hand at year-end
2. Analysis of prepaid account balance. The following information relates to Action Sign Company for 20X2:
Insurance expense
$4,350
Prepaid insurance, December 31, 20X2
1,900
Cash outlays for insurance during 20X2
6,200
Compute the balance in the Prepaid Insurance account on January 1, 20X2.
3. Understanding the closing process. Examine the following list of accounts:
Interest Payable
Accumulated Depreciation: Equipment
Alex Kenzy, Drawing
Accounts Payable
Service Revenue
Cash
Accounts Receivable
Supplies Expense
Interest Expense
Which of the preceding accounts
a. appear on a post-closing trial balance?
b. are commonly known as temporary, or nominal, accounts?
c. generate a debit to Income Summary in the closing process?
d. are closed to the capital account in the closing process?
4. Adjusting entries and financial statements. The following information pertains to Fixation Enterprises:
· The company previously collected $1,500 as an advance payment for services to be rendered in the future. By the end of December, one third of this amount had been earned.
· Fixation provided $2,500 of services to Artech Corporation; no billing had been made by December 31.
· Salaries owed to employees at year-end amounted to $1,650.
· The Supplies account revealed a balance of $8,800, yet only $3,300 of supplies were actually on hand at the end of the period.
· The company paid $18,000 on October 1 of the current year to Vantage Property Management. The payment was for 6 months’ rent of Fixation’s headquarters, beginning on November 1.
Fixation’s accounting year ends on December 31.
Instructions
Analyze the five preceding cases individually and determine the following:
a. The type of adjusting entry needed at year-end (Use the following codes: A, adjustment of a prepaid expense; B, adjustment of an unearned revenue; C, adjustment to record an accrued expense; or D, adjustment to record an accrued revenue.)
b. The year-end journal entry to adjust the accounts
c. The income statement impact of each adjustment (e.g., increases total revenues by $500)
5. Adjus.
Acct 216 accounting theory and applications
acct 216 ,devry acct 216,devry acct 216 entire course,devry acct 216 entire class,devry acct 216 accounting theory and applications entire coursedevry acct 216 week 1,devry acct 216 week 2,devry acct 216 week 3,devry acct 216week 4,devry acct 216 week 5,devry acct 216 week 6,devry acct 216 week 7,devry acct 216 tutorials,devry acct 216assignments,devry acct 216 help
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing a
Statement of Financial Position, and Evaluating the Current Ratio (P2-5) BCE Inc., Canadn's
largest communications company, provides a comprehensive and innovative suite of broadband
communications and content services to consumer, residential, business, and governme
customers in Canada. The following is BCE's (simplified) statement of financial position from a
recent year:
Assume that the following transactions (in millions of dollars) occurred in fiscal year 2021
(ended on December 31, 2021): a. Issued additional shares for $200 in cash. b. Borrowed $6,300
from creditors; due in 10 years. Long Term 300 c. Purchased additional investments for $1,500
cash; one-fifth were long-term and the rest were short-term. 1200 d. Purchased property, plant,
and equipment; paid $4,650 in cash and $850 with additional long-term bank loans. e. Lent $250
to associated companies that signed a six-month note. f. Sold short-term investments costing
$200 for $200 cash. Required: 1. Prepare a journal entry for each transaction. 2. Create a T-
account for each item on the statement of financial position and include the December 31 , 2020
balances. Post each journal entry to the appropriate T-account. 3. Prepare a trial balance as at
December 31, 2021. 4. Prepare a statement of financial position for BCE based on the T-account
ending balances at December 31, 2021. 5. Compute BCE's current ratio for fiscal year 2021.
What does this suggest about the company?.
Question 2The Trial Balance of the Hope, Faith and Cha.docx
The Trial Balance of the Hope, Faith and Charity Company had various normal account balances listed totaling $131,000 in the debit column. The document also included multiple-choice questions related to adjusting entries, financial statements, and trial balances.
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise Assignment
Financial Ratios
1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edison
Stagg
Thornton
Cash
$4,000
$2,500
$1,000
Short-term investments
3,000
2,500
2,000
Accounts receivable
2,000
2,500
3,000
Inventory
1,000
2,500
4,000
Prepaid expenses
800
800
800
Accounts payable
200
200
200
Notes payable: short-term
3,100
3,100
3,100
Accrued payables
300
300
300
Long-term liabilities
3,800
3,800
3,800
a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:
20X5
20X4
Net credit sales
$832,000
$760,000
Cost of goods sold
440,000
350,000
Cash, Dec. 31
125,000
110,000
Average Accounts receivable
180,000
140,000
Average Inventory
70,000
50,000
Accounts payable, Dec. 31
115,000
108,000
a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The company reported the following information for 20X7:
Net sales
$1,500,000
Interest expense
$120,000
Income tax expense
$80,000
Preferred dividends
$25,000
Net income
$130,000
Average assets
$1,100,000
Average common stockholders' equity
$400,000
a. Compute the profit margin ratio, the return on equity and the return on assets, rounding calculations to two decimal places.
b. Does the firm have positive or negative financial leverage? Briefly explain.
4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$76,000
$80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.
5. Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$ 76,000
$ 80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.
6. Ratio computation. The financial statements of the Lone Pine Company follow.
LONE PINE COMPANY
Comparat ...
University of Maryland University CollegeFinal Examination.docx
University of Maryland University College
Final Examination
Acct220: Principles of Accounting I
For this exam, omit all general journal entry explanations.
Question 1: Suggested time 20 minutes: 15% points:
The account balances appearing on the trial balance (below) were taken from the general ledger of Flip's Copy Shop at June 30, 2012.
Additional information for the month of June which has not yet been recorded in the accounts is as follows:
(a)
A physical count of supplies indicates $300 on hand at June 30.
(b)
The amount of insurance that expired in the month of June was $200.
(c)
Depreciation on equipment for June was $400.
(d)
Rent owed on the copy shop for the month of June was $600 but will not be paid until July.
Flip’s Copy Shop
Trial Balance
For the Month Ended June 30, 2012
Account Titles
Debit
Credit
Cash
$1,000
Supplies
1,100
Prepaid Insurance
2,200
Equipment
24,000
Accum. Depreciation— Equipment
$4,500
Accounts Payable
2,400
Notes Payable
4,000
Flip’s Capital
15,300
Flip’s Drawings
2,400
Service Revenue
4,900
Utilities Expense
400
Totals
$31,100
$31,100
Instructions: Prepare in journal form, without explanations, the end of month adjusting entries & closing entries for Flip's Copy Shop for the month of June.
Acct220a
Page 1 of 9
Question 2: Suggested time 15 minutes: 15% points:
The following items were taken from the post adjusted trial balance of Flip Company. (All balances are normal.)
Mortgage payable
$ 1,443
Accumulated depreciation
3,655
Prepaid expenses
880
Accounts payable
1,444
Equipment
11,000
Notes payable after 2015
1,200
Long-term investments
1,100
Flip’s capital
13,480
Short-term investments
3,690
Accounts receivable
1,696
Notes payable in 2014
1,000
Inventories
1,756
Cash
2,100
Instructions: Prepare a classified balance sheet in good form as of December 31, 2013.
Question 3: Suggested time 15 minutes: 15% points:
The following information is available for Flip Company:
Beginning inventory
600 units at $4
First purchase
900 units at $6
Second purchase
500 units at $7.20
Assume that Flip uses a periodic inventory system and that there are 700 units left at the end of the month.
Instructions: Compute the cost of ending inventory and Cost of Good Sold under the
(a)
LIFO method.
(b)
FIFO method.
(c)
Average-cost method
Acct220a
Page 2 of 9
Question 4: Suggested time 15 minutes: 10% points:
Prepare journal entries to record the following transactions entered into by Flip Company:
2012
June
1
Accepted a $10,000, 12%, 1-year note from Flop as full payment on her account.
Nov.
1
Sold merchandise on account to Flap, Inc. for $12,000, terms 2/10, n/30.
Nov.
5
Flap, Inc. returned merchandise worth $500.
Nov.
9
Received payment in full from Flap, Inc.
Dec.
31
Accrued interest on Flop's note.
2013
June
1
Flop honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2013
Question 5: Suggested time 20 minutes ...
Problemset c questions
The document provides financial information for several hypothetical companies and instructions to calculate various financial ratios based on the information provided. Specifically:
- It presents income statements, balance sheets, and other financial data for multiple companies including Starbucks, Graham Corporation, Barnette Enterprises, Batman Corporation, Spiderman Corporation, and Howard Company.
- For each company, it provides calculations or financial statement preparation tasks to analyze profitability, liquidity, and solvency based on ratios such as net income, earnings per share, working capital, current ratio, debt-to-assets ratio, and free cash flow.
- It also provides condensed financial information for Janzan Corporation and instructs the calculation and interpretation of liquidity,
Uop acc-290-week-2-practice-connect-practice-assignment
uop acc 290 week 2,acc 290 week 2,uop acc 290 week 2 tutorial,uop acc 290 week 2 assignment,uop acc 290 week 2 help
E2-11 Assume Down-com was organized on May 1-2010 to compete with Desp.docx
E2-11 Assume Down.com was organized on May 1,2010 to compete with Despair.com-a company that sells de-motivational posters and office products. The following events occurred during the first month of Down.coms operations. a. Received $60,000 cash from the investors who organized Down.com Corporation. b. Borrowed $20,000 cash and signed a note due in two years. c. Ordered computer equipment costing $16,000. d. Purchased $9,000 in equipment, paying $2,000 in cash and signing a six-month note for the balance. e. Received and paid for the computer equipment ordered in (c). Paid for half of it, and put the rest on account. Prepare a balance sheet.
Solution
Equity & Liabilities Amount Assets Amount Capital 60000 Cash 70000 Loan 20000 Computer Equipment 16000 Payable for Computer Equipment 8000 Equipment 9000 Payable for Equipment 7000 Total 95000 Total 95000
.
Acc 205 Exceptional Education / snaptutorial.com
For more classes visit
www.snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of
Acc 205 Enhance teaching - snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
a. Determine Rossi's total assets as of December 31.
b. Determine the company's total liabilities as of December 31.
c. Compute 20X3 net income or loss.
Exercises1. Classification of activitiesClassify each of the.docx
Exercises
1. Classification of activities
Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity:
________
a. Received $80,000 from the sale of land
________
b. Received $3,200 from cash sales
________
c. Paid a $5,000 dividend
________
d. Purchased $8,800 of merchandise for cash
________
e. Received $100,000 from the issuance of common stock
________
f. Paid $1,200 of interest on a note payable
________
g. Acquired a new laser printer by paying $650
________
h. Acquired a $400,000 building by signing a $400,000 mortgage note
2. Indirect calculation of operating cash flows
Video Corporation's balance sheet revealed the following account balance information:
Account
Dec. 31, 20X6
Dec. 31, 20X5
Accounts receivable
$52,000
$57,000
Merchandise inventory
75,000
68,000
Accounts payable
21,000
19,500
The accrual-basis net income was $107,000. In computing net income, the company recorded $12,600 of depreciation expense; there were no gains or losses from investing and financing activities.
On the basis of the preceding information, calculate Video's cash flows from operating activities by using the indirect method.
3. Indirect calculation of operating cash flows
Specialty Services Inc. reported a net income of $110,000 for the year just ended, which includes an $18,000 gain on the sale of long-term investments. The following data were obtained from comparative balance sheets:
Oct. 31, 20X2
Oct. 31, 20X1
Trade accounts receivable
$245,000
$203,000
Merchandise inventory
230,000
308,000
Accumulated depreciation: equipment
120,000
65,000
Accounts payable
190,000
124,000
Accrued liabilities
38,000
73,000
There were no purchases or disposals of equipment during the year. The long-term investment had a carrying (book) value of $77,000 and was sold for cash on June 15.
On the basis of the preceding information, determine the cash provided by operating activities from November 1, 20X1 through October 31, 20X2. The firm uses the indirect method of statement preparation.
4. Overview of direct and indirect methods
Evaluate the comments that follow as being true or false. If the comment is false, briefly explain why.
a. Both the direct method and the indirect method will produce the same cash flow from operating activities.
b. Depreciation expense is added back to net income when the indirect method is used.
c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported.
d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed.
e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used.
5. Statement preparation: Direct method
The comparative balance sheets of Village Company follow:
VILLAGE COM ...
Acc sample exam
This document provides a sample accounting competency exam with 47 multiple choice questions covering various accounting concepts and calculations. Some of the key topics covered in the exam include: the accounting process, financial statements, accounting equation, adjusting entries, inventory methods, depreciation methods, dividends, bonds, financial ratios, and more. The exam tests fundamental accounting knowledge and skills.
Similar to Devry acct 216 week 2 homework (20)
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
Week One Exercise AssignmentBasic Accounting Equations1. Basic.docx
BWeek One Exercise AssignmentBasic Accounting Equations1.docx
BWeek One Exercise AssignmentBasic Accounting Equations1.docx
1. Recognition of normal balances The following items appeared i.docx
1. Recognition of normal balances The following items appeared i.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
Basic Accounting Equations1. Recognition of normal balance.docx
Basic Accounting Equations1. Recognition of normal balance.docx
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docx
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docx
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Question 2The Trial Balance of the Hope, Faith and Cha.docx
Question 2The Trial Balance of the Hope, Faith and Cha.docx
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
University of Maryland University CollegeFinal Examination.docx
University of Maryland University CollegeFinal Examination.docx
Uop acc-290-week-2-practice-connect-practice-assignment
Uop acc-290-week-2-practice-connect-practice-assignment
E2-11 Assume Down-com was organized on May 1-2010 to compete with Desp.docx
E2-11 Assume Down-com was organized on May 1-2010 to compete with Desp.docx
Exercises1. Classification of activitiesClassify each of the.docx
Exercises1. Classification of activitiesClassify each of the.docx
More from jody zoll
Devry acct 216 week 6 homework a
During August 2013, DB Inc. completed several financial transactions:
1) They purchased equipment for $50,000 with a 6 month, 8% note payable.
2) They issued $15,000 shares of $2 par stock at $8 per share.
3) They received an invoice for $450 in telephone services to be paid the next month.
4) They sold $320,000 in product sales and accrued 5% for future warranty costs.
Devry acct 216 week 1 homework (v 2)
Sharon Kent started a real estate business called SK Realty as a corporation on April 1, 2013. She deposited $105,000 in cash into the business bank account and issued herself common stock to start the business. The document provides homework questions for an accounting course, including writing a paragraph on how ethics should be incorporated into making accounting judgments and why ethics are important for good business practices. It also directs students to online resources for homework help and additional classes.
Devry acct 216 week 1 homework
Good business practices require exercising good judgment and ethics when making accounting decisions. Ethics should be incorporated by considering how decisions will impact stakeholders and society, as ethics are important for building trust.
The summary provides the key information from the document in 3 sentences:
1) It introduces the topic of incorporating ethics into accounting judgments and decisions.
2) It explains that ethics should be considered by assessing the impact on stakeholders and society, and how ethics are important for building trust.
3) It concisely summarizes the main points in under 3 sentences as requested.
Devry acct 251 final exam
This document provides a summary of the 3-page, 270-point DEVRY ACCT 251 Final Exam. It includes 20 multiple choice questions covering topics such as financial statements, adjusting entries, inventory, accounts payable, sales, and payroll. For each question, the points possible and 5 possible multiple choice answers are provided. The summary provides an overview of the content and structure of the exam.
Devry acct 251 project and progress report
This document provides instructions for a Peachtree accounting project assignment for an ACCT 251 course. Students are required to complete the Susan Watson Accounting project from Chapter 11 of their textbook, generating the required reports and a Check Your Progress worksheet. They must submit all materials in a single Excel workbook titled "ACCT251PeachProject" to the correct assignment drop box by the specified due date. The project tests students' skills in managing the books of a small business using Peachtree and requires at least 14 specified reports to be completed correctly. Late or incomplete submissions will result in grade penalties.
Devry acct 251 week 3 quiz
This document contains a quiz for an accounting course on topics related to using Peachtree Complete Accounting 2010 software. It consists of 16 multiple choice questions testing knowledge of how to perform tasks like entering sales invoices, making general journal entries, tracking inventory purchases, and setting up employee records. The questions cover topics like identifying sample companies used in the software, displaying backup file sizes, defining internet connections, excluded reports from the accounting cycle, customer and vendor IDs, navigating to tasks, and which accounts are debited and credited for inventory purchases.
Devry acct 251 week 6 quiz
This document contains 16 multiple choice questions that appear to be from an accounting quiz for Devry ACCT 251 Week 6. The questions cover topics like the components of the balance sheet and income statement, adjusting entries, closing entries, journals, accounts receivable, jobs/projects in accounting software, and restoring backups between chapters.
Ash edu 644 week 1 dq 1 what it means to be at
This document discusses the term "at-risk" and its importance for those working with children and families. It provides resources defining at-risk groups and behaviors. Students are asked to review the resources and write a working definition of "at-risk" based on their understanding. They also explain the value of understanding at-risk groups for their current or future work. Students are expected to post their initial response and reply to at least two peers to discuss and provide feedback on each other's definitions and explanations.
Ash edu 644 week 2 assignment supporting families at risk
This document provides instructions for an assignment to build the foundation of a website about supporting families at risk. Students are asked to create 5 placeholder pages on their website for topics learned so far (poverty, child protection services, homelessness, and students at risk), with headings for overviews and resources. They are to include a link to their website, the title, and their definition of "at risk" in a Word document for submission. The assignment allows students to begin early development of their final project website due in week 6.
Ash edu 644 week 2 dq 2 role
This document provides instructions for an online discussion role-playing activity. Students will evaluate the effectiveness of parenting programs that support at-risk families. Depending on their last name, students will assume the role of either a Los Angeles County official arguing to maintain an existing program, or a California Health Director arguing to eliminate a program to reduce costs. As their role, students will write a formal letter to citizens discussing whether to keep or terminate a specific program and provide support from assigned readings and sources. They will then respond to peers' posts by asking questions from the perspective of a newspaper press agent to further critical thinking on the topic.
Ash edu 644 week 3 assignment child maltreatment policies brochure
This document provides instructions for an assignment to create an informational brochure about child maltreatment policies in the United States and a selected state. Students are asked to design a single-page, three-panel brochure in digital format to educate the public about issues of child abuse and neglect. The brochure must include a title, descriptions of maltreatment and statistics, and at least two policy or program resources. It should be formatted consistently and cite at least four scholarly sources using in-text citations and a reference list. The finished brochure will be included on the student's website created for the class.
Ash edu 644 week 3 dq 2 tale of two cities and homelessness
This document provides guidance for an assignment comparing policies and resources that support homeless children and families in New York City and Chicago. Students are asked to review resources on Chicago and New York's approaches to homelessness and create a visual comparing five factors: prevalence of youth homelessness in each city, populations of homeless individuals including youth, types of supports available, relevant policies, and another interesting statistic. They then describe what most interested or surprised them about homelessness in each city and make a recommendation for how one city could better serve homeless groups. Students are also asked to respond to at least two peers' posts.
Ash edu 644 week 4 assignment school
This document provides instructions for an assignment requiring students to create a presentation from the perspective of a professional working with at-risk youth. The presentation aims to raise awareness of issues facing at-risk students and the roles that various professionals can play in supporting academic success. Students are asked to identify indicators of at-risk youth, behaviors associated with being at-risk and their implications, frameworks schools can establish to support youth development, and specific solutions schools can implement with community involvement. The presentation should include engaging participant activities and be designed with consistent slides citing required sources.
Ash edu 644 week 4 dq 2 school district and school building supports
This document provides guidance for an assignment to analyze the supports and programs offered by a local school district and state for at-risk students and those with disabilities. Students are instructed to research their state's department of education website as well as a local school district website to investigate mission statements, programs, and policies related to parental involvement, truancy, reengagement strategies, youth development, and special education. For the assignment, students are asked to cite the school district evaluated, describe a program related to at-risk support, discuss how the district's special education mission aligns with or differs from the state's, provide an example of a program that aligns with the state, and share impressions of the district's supports.
Ash edu 644 week 4 dq 1 making a difference
The document discusses a discussion question for an education course about Biotech Academy in San Jose, California. It summarizes that the academy provides academic and social supports for at-risk students through an interdisciplinary bioscience program. It directs the reader to watch a 10-minute video about the academy and then respond to prompts about how teachers support student success, the impact of collaboration, relevance to post-secondary education, and how traditional schools could adopt similar strategies. Students are asked to initially respond to the prompts and then reply to at least two peers' responses.
Ash edu 644 week 5 assignment group at
This document provides instructions for an EDU 644 Week 5 assignment to create a mind map planning the content for a website focusing on a specific at-risk group. Students are asked to:
1) Select an at-risk group as a specialization from options provided or previously researched groups.
2) Include notes in the mind map for the required components of overview, strategies, and resources pages for the specialization website, including statistical data, resilience indicators, strategies, resources, and more.
3) Use a digital mind mapping tool to create and organize the content, and apply proper syntax and mechanics.
Ash edu 644 week 6 final creating a web
This document provides instructions for a final project assignment to create a web-based resource for a population at risk. Students are asked to build upon the website they have been developing throughout the course. The website must include pages on poverty, child protection services, homelessness, students at risk, and three additional pages focused on a selected specialization group. Each page must meet specific content requirements outlined in the document, including providing overviews, descriptions of issues and support strategies, and citations of sources. Students must also submit a text version of the website in Word format.
Ash info 103 week 3 assignment using microsoft excel
This document provides instructions for creating a personal budget spreadsheet in Microsoft Excel that compares a family's monthly budget to their actual expenses for July. It includes steps to enter income, expenses, taxes, and formulas to calculate differences. Charts can also be added to visualize the budget vs actual data. The completed spreadsheet should include titles, formatted cells, and a column chart comparing budgeted and actual expenses for key items. Following the detailed instructions ensures the spreadsheet meets the assignment requirements.
Devry cis 170 c i lab 5 of 7 arrays and strings
This document provides instructions for a lab assignment with two programs - one that analyzes test scores from multiple players and finds those below average, and another that converts words to "pig latin". It includes requirements, pseudocode, steps to create and run the programs in Visual Studio, and instructions to capture output screenshots and code in a Word document for submission.
Devry acct 550 final exam
This document provides sample exam questions and solutions for an accounting course (ACCT 550) final exam. It includes multiple choice and problem-solving questions covering a range of accounting topics, such as adjusting entries, financial statement preparation, inventory costing methods, and depreciation calculations. The document aims to help students prepare for and review important concepts on the final exam.
More from jody zoll (20)
Ash edu 644 week 2 assignment supporting families at risk
Ash edu 644 week 2 assignment supporting families at risk
Ash edu 644 week 3 assignment child maltreatment policies brochure
Ash edu 644 week 3 assignment child maltreatment policies brochure
Ash edu 644 week 3 dq 2 tale of two cities and homelessness
Ash edu 644 week 3 dq 2 tale of two cities and homelessness
Ash edu 644 week 4 dq 2 school district and school building supports
Ash edu 644 week 4 dq 2 school district and school building supports
Ash info 103 week 3 assignment using microsoft excel
Ash info 103 week 3 assignment using microsoft excel
Recently uploaded
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit - NGV Pavilion Concept Design
How to Add Chatter in the odoo 17 ERP Module
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
CACJapan - GROUP Presentation 1- Wk 4.pdf
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Assessment and Planning in Educational technology.pptx
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
Introduction to AI for Nonprofits with Tapp Network
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar KanvariaThe simplified electron and muon model, Oscillating Spacetime: The Foundation...
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...Nguyen Thanh Tu Collection
https://app.box.com/s/y977uz6bpd3af4qsebv7r9b7s21935vdRPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS Template 2023-2024 by: Irene S. Rueco
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance
How to Build a Module in Odoo 17 Using the Scaffold Method
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
How to Manage Your Lost Opportunities in Odoo 17 CRM
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Top five deadliest dog breeds in America
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
Recently uploaded (20)
Assessment and Planning in Educational technology.pptx
Assessment and Planning in Educational technology.pptx
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Devry acct 216 week 2 homework
- 1. DEVRY ACCT 216 Week 2 Homework Check this A+ tutorial guideline at http://www.homeworkrank.com/ac ct-216/acct-216-week-2- homework For more classes visit http://www.homeworkrank.co m Please write a 4-6 sentence paragraph on the following question. Describe each of the 4 basic financial statements. What is the relationship between them? During the first month of operations (March 2011) Jerry Enterprises completed the following selected transactions: a. The business received $12,000 in cash and a building valued at $52,000. The corporation issued stock to the contributors of these. b. Borrowed $15,800 from the bank and signed a note payable to them c. Paid $12,000 for equipment d. Purchased supplies on account for $200 e. Paid employees’ salaries of $2,100 f. Performed services for customer on account, $2,800 g. Paid $100 of the accounts payable in transaction d above h. Received a $800 bill for advertising expense that will be paid in
- 2. the near future i. Received cash on account, $1,600 j. Paid rent of $1,200 Required: Prepare the journal entries for the above transactions