Exercises1. Horizontal analysis. Mary Lynn Corporation has been .docxSANSKAR20
Exercises
1. 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
2. Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.
3. Vertical analysis. Study the data pertaining to Mary Lynn Corporation that appear in Exercise 1. Prepare a vertical analysis for 20X1 and 20X2 and briefly evaluate the results of your work.
4. 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?
b. Suppose Thornton is using FIFO for inventory valuation and Edison is using LIFO. Comment on the comparability of information between these two companies.
c. If all short-term notes payable are due on July 11 at 8 a.m., comment on each company's ability to settle its obligation in a timely manner.
5. 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
Accounts Receivable, Dec. 31
180,000
140,000
Inventory, Dec. 31
70,000
50,000
Accounts Payable, Dec. 31
115,000
108,000
6. The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs.
a. Compute the accounts-receivable and inventory-turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
b. Study the ratios from part (a) and comment on the company's ability to repay a bank loan in 90 days.
c. Suppose that Alaska's major line of business involves the processing and distribution of fresh and frozen fish throughout the United States. Do you have any concerns about the company's inventory-turnover ratio? Briefly discuss.
7. 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 net-profit-margin ratio and the rates of re ...
2t5h3
2.
a na l),s is.
Exercise 13-4 Determination af income effects from common-size and trend percents L.O. P1 , P2
Common+ize and lrend percents for Aziz Company's sales, cost of goods sold, and expenses fidlow.
Sales
Cost of gmds sold
Total expenses
9:'T::"11: l:T:"1:
2012 2011 2010
100.0% 100.0% 100.0%
62.6 61.1 58.3
14.4 13.9 14.2
l'"::l.'::1"::ll:
20'.t2 2011 20'10
104.8% 103.6% 100.0%
102.4 108.5 100.0
106.4 10't.4 100.0
Determine net income as a percent of sales for the folloiving years. {Round your intermediate
calculations to J decimal place and final ansvvers to 2 decimal places, Omit the "7o" sign in your
response.)
Years
2010
20'11
2012
Should the net income increased, decreased, or remained unchanged in this three'year period.
'| Net income decreased
'... Remained unchanged
. Net income increased
Workshaet
Net incorne
o/o
Yo
lo
At December 31
Assets
Cash
Accounts recei\€ble, net
Merchandise inentory
Prepaid expenses
Plant assets, net
Total assets
Liabilities and Equity
Accounts payable
LongFterm notes payable secured by
mortgages on plant assets
Common stock, $10 par \alue
Retained eamings
Total liabilities and equity
Express the balance sheets in
round your final an$/ars to 1 deci
Cash
Accounts receivable, net
Merchandise inv-.ntory
ezto.nheclciJd.nrcg rav*hill.con/hm.tpx
2011 2010
$ 35,079 $ 35,838
58,408 47,306
79,U4 51,4U
8.761 3,982
243,920 223,470
$ 425,712 $362,000
,733 $ 71,945
97,914
163,500
92,353
place. Omit tlre "Yo" sign in your
Sanderson Company
Compaative Balance Sheels
December 31, 2O1O - 20'12
2012
percents. {Do not round i ate calculations and
6.O Yo
'16.s
21.9
$ 46,s50
79,202
163,500
72:s4::
$362,000
2011
8.2 %
13.7
18.7
2010
.9.9 To
13.1
14.2
217
215113 Assignnrent PrintMar
:::J -"9 l' . , -,,,,..:.-, :i j:: ,jls.
9. 1o.oo points
Problem 13-34 Transactions, vwrking capital, and liquidity ratios L.O. P3
Park Corporation began the month of May with $800,000 of cunent assets, a cunent ratio of2.50:1, and an
aci+test ratio of 1.70:1. During the month, it completed the following transactions (the company uses a
perpetual in\entory system).
May 2 Purchased $60,000 ofmerchandise inrentory on credit.
8 Sold merchandise in\,entory that cost $65,000 for $125,000 cash.
10 Collected $26,000 cash on an account recei\Eble.
15 Paid $23,500 cash to settle an account payable.
17 Wrote ofi a $5,000 bad debt against the Allowance for Ooubtful Accounts account.
22 Declared a $1 per share cash diridend on its 60,000 shares ofoutstanding common stock.
26 Paid the diVdend declared on May 22.
27 Bonowed $100,000 cash by giving the bank a 30day, 10% note.
28 Bonowed $125,000 cash by signing a long-term secured note.
29 Used the $225,000 cash proceeds ftom the notes to buy new machinery.
Required:
Prepare a table showing Park's (1) cunent ratio, (2) acid-test ratio, and (3) working capital, after each
transaction. (Do not round intermediate calculations, Round your ratios .
Exercise 12-5 Evaluate risk ratios [LO3]The 2012 income statem.docxgitagrimston
Exercise 12-5 Evaluate risk ratios [LO3]
The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $9.6 million, and net income of $1.6 million. Balance sheet information is provided in the following table. All amounts are in thousands.
ADRIAN EXPRESS
Balance Sheets
December 31, 2012 and 2011
($ in 000s)
2012
2011
Assets
Current assets:
Cash
$
600
$
760
Accounts receivable
1,400
1,000
Inventory
1,800
1,400
Long-term assets
4,800
4,240
Total assets
$
8,600
$
7,400
Liabilities and Stockholders' Equity
Current liabilities
$
2,020
$
1,660
Long-term liabilities
2,300
2,400
Common stock
2,000
2,000
Retained earnings
2,280
1,340
Total liabilities and stockholders' equity
$
8,600
$
7,400
Industry averages for the following four risk ratios are as follows:
Average collection period
25 days
Average days in inventory
60 days
Current ratio
2 to 1
Debt to equity ratio
50%
Required:
1.
Calculate the four risk ratios listed above for Adrian Express in 2012. (Use 365 days in a year. Round your answers to 1 decimal place. Omit the "%" sign in your response.)
Risk Ratios
Average collection period
days
Average days in inventory
days
Current ratio
to 1
Debt to equity ratio
%
2.
Do you think the company is more risky or less risky than the industry averages?
The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $9.6 million, and net income of $1.6 million. Balance sheet information is provided in the following table. All amounts are in thousands.
ADRIAN EXPRESS
Balance Sheet
December 31, 2012 and 2011
($ in 000s)
2012
2011
Assets
Current assets:
Cash
$
600
$
760
Accounts receivable
1,400
1,000
Inventory
1,800
1,400
Long-term assets
4,800
4,240
Total assets
$
8,600
$
7,400
Liabilities and Stockholders' Equity
Current liabilities
$
2,020
$
1,660
Long-term liabilities
2,300
2,400
Common stock
2,000
2,000
Retained earnings
2,280
1,340
Total liabilities and stockholders' equity
$
8,600
$
7,400
Industry averages for the following four risk ratios are as follows:
Gross profit ratio
45
%
Return on assets
25
%
Profit margin
15
%
Asset turnover
2.5
times
Return on equity
35
%
Required:
1.
Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to the nearest whole number. Omit the "%" sign in your response.)
Profitability Ratios
Gross profit ratio
%
Return on assets
%
Profit margin
%
Asset turnover
times
Return on equity
%
2.
Do you think the company is more profitable or less profitable than the industry averages?
The balance sheet for P ...
Brief Exercise 15-4Ravonette Corporation issued 375 shares of $1.docxAASTHA76
Brief Exercise 15-4
Ravonette Corporation issued 375 shares of $15 par value common stock and 110 shares of $48 par value preferred stock for a lump sum of $20,025. The common stock has a market price of $30 per share, and the preferred stock has a market price of $100 per share.
Prepare the journal entry to record the issuance. (Round answers to 0 decimal places, e.g., 1520. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Cash
20025
Preferred Stock
Paid-in Capital in Excess of Par - Preferred Stock
Common Stock
Paid-in Capital in Excess of Par - Common Stock
Exercise 15-12
Lotoya Davis Corporation has 10.12 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 62 cents per share cash dividend to stockholders of record as of June 14, payable June 30.
(a) Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
6/1
6/14
6/30
(b) How would the entry differ if the dividend were a liquidating dividend? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Warning
Exercise 15-19
Shown below is the liabilities and stockholders’ equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company. Each has assets totaling $4,418,100.
Jana Kingston Co.
Mary Ann Benson Co.
Current liabilities
$315,600
Current liabilities
$754,600
Long-term debt, 10%
1,281,000
Common stock ($20 par)
2,945,000
Common stock ($20 par)
2,103,000
Retained earnings (Cash dividends, $328,900)
718,500
Retained earnings (Cash dividends, $227,700)
718,500
$4,418,100
$4,418,100
For the year, each company has earned the same income before interest and taxes.
Jana Kingston Co.
Mary Ann Benson Co.
Income before interest and taxes
$1,203,000
$1,203,000
Interest expense
128,100
0
1,074,900
1,203,000
Income taxes (45%)
483,705
541,350
Net income
$591,195
$661,650
At year end, the market price of Kingston’s stock was $101 per share, and Benson’s was $63.50. Assume balance sheet amounts are representative for the entire year.
(a) Calculate the return on total assets? (Round answers to 2 decimal places, e.g. 16.85%.)
Return on total assets
Kingston Company
%
Benson Company
%
Which company is more profitable in terms of return on total assets? (b) Calculate the return on common sto ...
Exam 061684RR - THE IMPACT OF MANAGEMENT Questions 1 to 20 S.docxgitagrimston
Exam: 061684RR - THE IMPACT OF MANAGEMENT
Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer.
1. Brittman Corporation makes three products that use the current constraint-a particular type of machine. Data concerning those products appear below:
IP
NI
YD
Selling price per unit
$183.57
$207.74
$348.15
Variable cost per unit
$144.42
$155.04
$269.50
Minutes on the constraint
2.90
3.40
5.50
Assume that sufficient constraint time is available to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource?
A. $39.15 per unit
B. $15.50 per minute
C. $78.65 per unit
D. $13.50 per minute
2. A project profitability index greater than zero for a project indicates that
A. there has been a calculation error.
B. the project is unattractive and shouldn't be pursued.
C. the company should reevaluate its discount rate.
D. the discount rate is less than the internal rate of return.
3. A company's current ratio and acid-test ratios are both greater than 1. If obsolete inventory is written off, this would
A. decrease the current ratio.
B. increase net working capital.
C. decrease the acid-test ratio.
D. increase the acid-test ratio.
Use the following information to answer this question.
Financial statements for Larkins Company appear below:
Larkins Company
Statement of Financial Position
December 31, Year 2 and Year 1
(dollars in thousands)
Year 2 Year 1
Current assets:
Cash and marketable securities $180 $180
Accounts receivable, net 210 180
Inventory 130 120
Prepaid expenses 5050
Total current assets 570 530
Noncurrent assets:
Plant & equipment, net 1,540 1,480
Total assets $2,110 $2,010
Current liabilities:
Accounts payable $100 $130
Accrued liabilities 60 60
Notes payable, short term 90120
Total current liabilities 250 310
Noncurrent liabilities:
Bonds payable 480500
Total liabilities 730810
Stockholders' equity:
Preferred stock, $20 par, 10% 120 120
Common stock, $10 par 180 180
Additional paid-in capital--common stock 240 240
Retained earnings 840660
Total stockholders' equity 1,3801,200
Total liabilities & stockholders' equity $2,110 $2,010
Larkins Company
Income Statement
For the Year Ended December 31, Year 2
(dollars in thousands)
Sales (all on account) $2,760
Cost of goods sold 1,930
Gross margin 830
Selling and administrative expense 330
Net operating income 500
Interest expense 50
Net income before taxes 450
Income taxes (30%)
135
$315
Net income
Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.
4. Larkins Company's dividend payout ...
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970642 paper 4 problem solving (supplementary topics) october november 2011
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Instructions for each section must be fully adhered to.Section.docxdoylymaura
Instructions for each section must be fully adhered to.
Section 1
Instructions for Exercise 13:
Prepare a statement of cash flows for 2011 using the indirect method.
13)
Here are comparative balance sheets for Taguchi Company.
TAGUCHI COMPANY
Comparative Balance Sheets
December 31
Assets
2011 2010
Cash $ 73,000 $ 22,000
Accounts receivable 85,000 76,000
Inventories 170,000 189,000
Land 75,000 100,000
Equipment 260,000 200,000
Accumulated depreciation
(66,000)
(32,000)
Total
$597,000
$555,000
Liabilities and Stockholders’ Equity
Accounts payable $ 39,000 $ 47,000
Bonds payable 150,000 200,000
Common stock ($1 par) 216,000 174,000
Retained earnings
192,000
134,000
Total
$597,000
$555,000
Additional information:
1. Net income for 2011 was $103,000.
2. Cash dividends of $45,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2011, but land was sold at cost.
Instructions for Exercise 14:
(A)
Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.
(B)
Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.
14)
The comparative condensed balance sheets of Conard Corporation are presented below.
CONARD CORPORATION
Comparative Condensed Balance Sheets
December 31
2012 2011
Assets
Current assets $ 74,000 $ 80,000
Property, plant, and equipment (net) 99,000 .
Exercises1. Horizontal analysis. Mary Lynn Corporation has been .docxSANSKAR20
Exercises
1. 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
2. Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.
3. Vertical analysis. Study the data pertaining to Mary Lynn Corporation that appear in Exercise 1. Prepare a vertical analysis for 20X1 and 20X2 and briefly evaluate the results of your work.
4. 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?
b. Suppose Thornton is using FIFO for inventory valuation and Edison is using LIFO. Comment on the comparability of information between these two companies.
c. If all short-term notes payable are due on July 11 at 8 a.m., comment on each company's ability to settle its obligation in a timely manner.
5. 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
Accounts Receivable, Dec. 31
180,000
140,000
Inventory, Dec. 31
70,000
50,000
Accounts Payable, Dec. 31
115,000
108,000
6. The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs.
a. Compute the accounts-receivable and inventory-turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
b. Study the ratios from part (a) and comment on the company's ability to repay a bank loan in 90 days.
c. Suppose that Alaska's major line of business involves the processing and distribution of fresh and frozen fish throughout the United States. Do you have any concerns about the company's inventory-turnover ratio? Briefly discuss.
7. 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 net-profit-margin ratio and the rates of re ...
2t5h3
2.
a na l),s is.
Exercise 13-4 Determination af income effects from common-size and trend percents L.O. P1 , P2
Common+ize and lrend percents for Aziz Company's sales, cost of goods sold, and expenses fidlow.
Sales
Cost of gmds sold
Total expenses
9:'T::"11: l:T:"1:
2012 2011 2010
100.0% 100.0% 100.0%
62.6 61.1 58.3
14.4 13.9 14.2
l'"::l.'::1"::ll:
20'.t2 2011 20'10
104.8% 103.6% 100.0%
102.4 108.5 100.0
106.4 10't.4 100.0
Determine net income as a percent of sales for the folloiving years. {Round your intermediate
calculations to J decimal place and final ansvvers to 2 decimal places, Omit the "7o" sign in your
response.)
Years
2010
20'11
2012
Should the net income increased, decreased, or remained unchanged in this three'year period.
'| Net income decreased
'... Remained unchanged
. Net income increased
Workshaet
Net incorne
o/o
Yo
lo
At December 31
Assets
Cash
Accounts recei\€ble, net
Merchandise inentory
Prepaid expenses
Plant assets, net
Total assets
Liabilities and Equity
Accounts payable
LongFterm notes payable secured by
mortgages on plant assets
Common stock, $10 par \alue
Retained eamings
Total liabilities and equity
Express the balance sheets in
round your final an$/ars to 1 deci
Cash
Accounts receivable, net
Merchandise inv-.ntory
ezto.nheclciJd.nrcg rav*hill.con/hm.tpx
2011 2010
$ 35,079 $ 35,838
58,408 47,306
79,U4 51,4U
8.761 3,982
243,920 223,470
$ 425,712 $362,000
,733 $ 71,945
97,914
163,500
92,353
place. Omit tlre "Yo" sign in your
Sanderson Company
Compaative Balance Sheels
December 31, 2O1O - 20'12
2012
percents. {Do not round i ate calculations and
6.O Yo
'16.s
21.9
$ 46,s50
79,202
163,500
72:s4::
$362,000
2011
8.2 %
13.7
18.7
2010
.9.9 To
13.1
14.2
217
215113 Assignnrent PrintMar
:::J -"9 l' . , -,,,,..:.-, :i j:: ,jls.
9. 1o.oo points
Problem 13-34 Transactions, vwrking capital, and liquidity ratios L.O. P3
Park Corporation began the month of May with $800,000 of cunent assets, a cunent ratio of2.50:1, and an
aci+test ratio of 1.70:1. During the month, it completed the following transactions (the company uses a
perpetual in\entory system).
May 2 Purchased $60,000 ofmerchandise inrentory on credit.
8 Sold merchandise in\,entory that cost $65,000 for $125,000 cash.
10 Collected $26,000 cash on an account recei\Eble.
15 Paid $23,500 cash to settle an account payable.
17 Wrote ofi a $5,000 bad debt against the Allowance for Ooubtful Accounts account.
22 Declared a $1 per share cash diridend on its 60,000 shares ofoutstanding common stock.
26 Paid the diVdend declared on May 22.
27 Bonowed $100,000 cash by giving the bank a 30day, 10% note.
28 Bonowed $125,000 cash by signing a long-term secured note.
29 Used the $225,000 cash proceeds ftom the notes to buy new machinery.
Required:
Prepare a table showing Park's (1) cunent ratio, (2) acid-test ratio, and (3) working capital, after each
transaction. (Do not round intermediate calculations, Round your ratios .
Exercise 12-5 Evaluate risk ratios [LO3]The 2012 income statem.docxgitagrimston
Exercise 12-5 Evaluate risk ratios [LO3]
The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $9.6 million, and net income of $1.6 million. Balance sheet information is provided in the following table. All amounts are in thousands.
ADRIAN EXPRESS
Balance Sheets
December 31, 2012 and 2011
($ in 000s)
2012
2011
Assets
Current assets:
Cash
$
600
$
760
Accounts receivable
1,400
1,000
Inventory
1,800
1,400
Long-term assets
4,800
4,240
Total assets
$
8,600
$
7,400
Liabilities and Stockholders' Equity
Current liabilities
$
2,020
$
1,660
Long-term liabilities
2,300
2,400
Common stock
2,000
2,000
Retained earnings
2,280
1,340
Total liabilities and stockholders' equity
$
8,600
$
7,400
Industry averages for the following four risk ratios are as follows:
Average collection period
25 days
Average days in inventory
60 days
Current ratio
2 to 1
Debt to equity ratio
50%
Required:
1.
Calculate the four risk ratios listed above for Adrian Express in 2012. (Use 365 days in a year. Round your answers to 1 decimal place. Omit the "%" sign in your response.)
Risk Ratios
Average collection period
days
Average days in inventory
days
Current ratio
to 1
Debt to equity ratio
%
2.
Do you think the company is more risky or less risky than the industry averages?
The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $9.6 million, and net income of $1.6 million. Balance sheet information is provided in the following table. All amounts are in thousands.
ADRIAN EXPRESS
Balance Sheet
December 31, 2012 and 2011
($ in 000s)
2012
2011
Assets
Current assets:
Cash
$
600
$
760
Accounts receivable
1,400
1,000
Inventory
1,800
1,400
Long-term assets
4,800
4,240
Total assets
$
8,600
$
7,400
Liabilities and Stockholders' Equity
Current liabilities
$
2,020
$
1,660
Long-term liabilities
2,300
2,400
Common stock
2,000
2,000
Retained earnings
2,280
1,340
Total liabilities and stockholders' equity
$
8,600
$
7,400
Industry averages for the following four risk ratios are as follows:
Gross profit ratio
45
%
Return on assets
25
%
Profit margin
15
%
Asset turnover
2.5
times
Return on equity
35
%
Required:
1.
Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to the nearest whole number. Omit the "%" sign in your response.)
Profitability Ratios
Gross profit ratio
%
Return on assets
%
Profit margin
%
Asset turnover
times
Return on equity
%
2.
Do you think the company is more profitable or less profitable than the industry averages?
The balance sheet for P ...
Brief Exercise 15-4Ravonette Corporation issued 375 shares of $1.docxAASTHA76
Brief Exercise 15-4
Ravonette Corporation issued 375 shares of $15 par value common stock and 110 shares of $48 par value preferred stock for a lump sum of $20,025. The common stock has a market price of $30 per share, and the preferred stock has a market price of $100 per share.
Prepare the journal entry to record the issuance. (Round answers to 0 decimal places, e.g., 1520. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Cash
20025
Preferred Stock
Paid-in Capital in Excess of Par - Preferred Stock
Common Stock
Paid-in Capital in Excess of Par - Common Stock
Exercise 15-12
Lotoya Davis Corporation has 10.12 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 62 cents per share cash dividend to stockholders of record as of June 14, payable June 30.
(a) Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
6/1
6/14
6/30
(b) How would the entry differ if the dividend were a liquidating dividend? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Warning
Exercise 15-19
Shown below is the liabilities and stockholders’ equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company. Each has assets totaling $4,418,100.
Jana Kingston Co.
Mary Ann Benson Co.
Current liabilities
$315,600
Current liabilities
$754,600
Long-term debt, 10%
1,281,000
Common stock ($20 par)
2,945,000
Common stock ($20 par)
2,103,000
Retained earnings (Cash dividends, $328,900)
718,500
Retained earnings (Cash dividends, $227,700)
718,500
$4,418,100
$4,418,100
For the year, each company has earned the same income before interest and taxes.
Jana Kingston Co.
Mary Ann Benson Co.
Income before interest and taxes
$1,203,000
$1,203,000
Interest expense
128,100
0
1,074,900
1,203,000
Income taxes (45%)
483,705
541,350
Net income
$591,195
$661,650
At year end, the market price of Kingston’s stock was $101 per share, and Benson’s was $63.50. Assume balance sheet amounts are representative for the entire year.
(a) Calculate the return on total assets? (Round answers to 2 decimal places, e.g. 16.85%.)
Return on total assets
Kingston Company
%
Benson Company
%
Which company is more profitable in terms of return on total assets? (b) Calculate the return on common sto ...
Exam 061684RR - THE IMPACT OF MANAGEMENT Questions 1 to 20 S.docxgitagrimston
Exam: 061684RR - THE IMPACT OF MANAGEMENT
Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer.
1. Brittman Corporation makes three products that use the current constraint-a particular type of machine. Data concerning those products appear below:
IP
NI
YD
Selling price per unit
$183.57
$207.74
$348.15
Variable cost per unit
$144.42
$155.04
$269.50
Minutes on the constraint
2.90
3.40
5.50
Assume that sufficient constraint time is available to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource?
A. $39.15 per unit
B. $15.50 per minute
C. $78.65 per unit
D. $13.50 per minute
2. A project profitability index greater than zero for a project indicates that
A. there has been a calculation error.
B. the project is unattractive and shouldn't be pursued.
C. the company should reevaluate its discount rate.
D. the discount rate is less than the internal rate of return.
3. A company's current ratio and acid-test ratios are both greater than 1. If obsolete inventory is written off, this would
A. decrease the current ratio.
B. increase net working capital.
C. decrease the acid-test ratio.
D. increase the acid-test ratio.
Use the following information to answer this question.
Financial statements for Larkins Company appear below:
Larkins Company
Statement of Financial Position
December 31, Year 2 and Year 1
(dollars in thousands)
Year 2 Year 1
Current assets:
Cash and marketable securities $180 $180
Accounts receivable, net 210 180
Inventory 130 120
Prepaid expenses 5050
Total current assets 570 530
Noncurrent assets:
Plant & equipment, net 1,540 1,480
Total assets $2,110 $2,010
Current liabilities:
Accounts payable $100 $130
Accrued liabilities 60 60
Notes payable, short term 90120
Total current liabilities 250 310
Noncurrent liabilities:
Bonds payable 480500
Total liabilities 730810
Stockholders' equity:
Preferred stock, $20 par, 10% 120 120
Common stock, $10 par 180 180
Additional paid-in capital--common stock 240 240
Retained earnings 840660
Total stockholders' equity 1,3801,200
Total liabilities & stockholders' equity $2,110 $2,010
Larkins Company
Income Statement
For the Year Ended December 31, Year 2
(dollars in thousands)
Sales (all on account) $2,760
Cost of goods sold 1,930
Gross margin 830
Selling and administrative expense 330
Net operating income 500
Interest expense 50
Net income before taxes 450
Income taxes (30%)
135
$315
Net income
Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.
4. Larkins Company's dividend payout ...
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970642 paper 4 problem solving (supplementary topics) october november 2011
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Instructions for each section must be fully adhered to.Section.docxdoylymaura
Instructions for each section must be fully adhered to.
Section 1
Instructions for Exercise 13:
Prepare a statement of cash flows for 2011 using the indirect method.
13)
Here are comparative balance sheets for Taguchi Company.
TAGUCHI COMPANY
Comparative Balance Sheets
December 31
Assets
2011 2010
Cash $ 73,000 $ 22,000
Accounts receivable 85,000 76,000
Inventories 170,000 189,000
Land 75,000 100,000
Equipment 260,000 200,000
Accumulated depreciation
(66,000)
(32,000)
Total
$597,000
$555,000
Liabilities and Stockholders’ Equity
Accounts payable $ 39,000 $ 47,000
Bonds payable 150,000 200,000
Common stock ($1 par) 216,000 174,000
Retained earnings
192,000
134,000
Total
$597,000
$555,000
Additional information:
1. Net income for 2011 was $103,000.
2. Cash dividends of $45,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2011, but land was sold at cost.
Instructions for Exercise 14:
(A)
Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.
(B)
Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.
14)
The comparative condensed balance sheets of Conard Corporation are presented below.
CONARD CORPORATION
Comparative Condensed Balance Sheets
December 31
2012 2011
Assets
Current assets $ 74,000 $ 80,000
Property, plant, and equipment (net) 99,000 .
Chapter 2Problems Set BP2-1B Suppose the following items are .docxwalterl4
Chapter 2
Problems: Set B
P2-1B Suppose the following items are taken from the 2014 balance sheet of Starbucks Corporation. (All dollars are in millions.)
Goodwill
$ 477
Common stock
40
Equipment
3,036
Accounts payable
391
Stock investments (long-term)
280
Accounts receivable
288
Prepaid rent
278
Debt investments (current)
157
Retained earnings
2,244
Cash
281
Notes payable (noncurrent)
550
Notes payable (current)
1,468
Unearned sales revenue (current)
297
Bonds payable
354
Inventory
692
Accumulated depreciation—equipment
145
Instructions
Prepare a classified balance sheet for Starbucks Corporation as of September 30, 2014.
P2-2B These items are taken from the financial statements of Mueller, Inc.
Prepaid insurance
$ 2,400
Equipment
30,000
Salaries and wages expense
34,000
Utilities expense
2,100
Accumulated depreciation—equipment
7,600
Accounts payable
7,200
Cash
6,100
Accounts receivable
2,900
Salaries and wages payable
3,000
Common stock
6,000
Depreciation expense
4,300
Retained earnings (beginning)
14,000
Dividends
2,600
Service revenue
51,000
Maintenance and repairs expense
2,600
Insurance expense
1,800
Instructions
Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2014.
P2-3B You are provided with the following information for Vern Corporation, effective as of its April 30, 2014, year-end.
Accounts payable
$ 3,100
Accounts receivable
10,150
Accumulated depreciation—equipment
6,600
Depreciation expense
3,200
Cash
20,955
Common stock
20,000
Dividends
2,800
Equipment
24,250
Sales revenue
20,450
Income tax expense
700
Income taxes payable
300
Interest expense
350
Interest payable
175
Notes payable (due in 2018)
4,700
Prepaid rent
380
Rent expense
660
Retained earnings, beginning
13,960
Salaries and wages expense
5,840
Instructions
(a)
Prepare an income statement and a retained earnings statement for Vern Corporation for the year ended April 30, 2014.
(b)
Prepare a classified balance sheet for Vern as of April 30, 2014.
P2-4B Comparative statement data for Omaz Company and Wise Company, two competitors, are presented below. All balance sheet data are as of December 31, 2014.
Omaz Company
Wise Company
2014
2014
Net sales
$450,000
$900,000
Cost of goods sold
225,000
450,000
Operating expenses
130,000
150,000
Interest expense
6,000
10,000
Income tax expense
15,000
75,000
Current assets
180,000
700,000
Plant assets (net)
600,000
800,000
Current liabilities
75,000
230,000
Long-term liabilities
190,000
200,000
Net cash provided by operating activities
46,000
180,000
Capital expenditures
20,000
50,000
Dividends paid
-0-
5,000
Average number of shares outstanding
200,000
500,000
Instructions
(a)
Compute the net income and earnings per share for each company for 2014.
(b)
Comment on the relative liquidity of the companies by computing working capital and the current ratio for each company for 2014.
(c)
Comment on the relative solvency of the.
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970643 paper 4 problem solving (supplementary topics) october november 2011
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Chapter 9 Exercise 31. Liquidity ratios. Edison, Stagg, and Thor.docxchristinemaritza
Chapter 9 Exercise 3
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?
b. Suppose Thornton is using FIFO for inventory valuation and Edison is using LIFO. Comment on the comparability of information between these two companies.
c. If all short-term notes payable are due on July 11 at 8 a.m., comment on each company's ability to settle its obligation in a timely manner.
Chapter 9 Exercise 4
1. 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
Accounts Receivable, Dec. 31
180,000
140,000
Inventory, Dec. 31
70,000
50,000
Accounts Payable, Dec. 31
115,000
108,000
2. The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs.
a. Compute the accounts-receivable and inventory-turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
b. Study the ratios from part (a) and comment on the company's ability to repay a bank loan in 90 days.
c. Suppose that Alaska's major line of business involves the processing and distribution of fresh and frozen fish throughout the United States. Do you have any concerns about the company's inventory-turnover ratio? Briefly discuss.
Chapter 9 Problem 1
1. Horizontal and vertical analysis. The following financial statements pertain to Waterloo Corporation:
WATERLOO CORPORATION
Comparative Balance Sheets
December 31,20X5 and 20X4
20X5
20X4
Assets
Current Assets
Cash
$ 11,250
$ 12,500
Accounts Receivable (net)
18,500
25,000
Inventories
38,500
35,000
Prepaid Expense
__3,750
__3,750
Total Current Assets
$ 72,000
$ 76,250
Property, Plant, and Equipment
Buildings (net)
$ 102,750
$ 101,250
Equipment (net)
28,500
30,000
Vehicles (net)
32,000
40,000
Total Property, Plant, and Equipment
$ 163,250
$ 171,250
Trademarks (net)
__$ 14,750
__$ 2,500
Total assets
$ 250,000
$ 250,000
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
$ 49,000
$ 70,000
Notes Payable
13,500
40,000
Federal Taxes Payable
__2,500
__25,000
Total Current Liabilities
$ 65,000
$ 135,000
Long-Term Debt
__$ 50,000
__$ 25,000
Total Liabilities
$ 115,000
$ 160,000
Stockholders' Equity
Common Stock, $10 par
$ 25,000
$ 25,000
Retained Earnings
__110,000
__65,000
Total Stockholders' Equity
$ 135,000
$ 90,000
Total Liabilities a ...
WileyPLUS Assignment Week FourComplete the following in Wi.docxalanfhall8953
WileyPLUS Assignment Week Four
Complete the following in WileyPLUS: * Problem 4-8A
Start Date: 30 Nov 2012 at 07:00 PM
Due Date: Unlimited
Student Access after Due Date: Yes. Attempts after Due Date will be Marked Late
Graded: Yes
P4-8A
Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were
completed.
July 1 Issued 11,000 shares of common stock for $11,000 cash.
July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account.
July 3 Purchased cleaning supplies for $900 on account.
July 5 Paid $1,800 cash on 1-year insurance policy effective July 1.
July 12 Billed customers $3,200 for cleaning services.
July 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.
July 20 Paid $2,000 cash for employee salaries.
July 21 Collected $1,400 cash from customers billed on July 12.
July 25 Billed customers $2,500 for cleaning services.
July 31 Paid $260 for gas and oil used in the truck during month.
July 31 Declared and paid a $600 cash dividend.
Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g.
10, 5, 2.)
Date Account/Description Debit Credit
July 1
(To record the issuance of stock)
July 1
(To record the purchase of a truck)
July 3
July 5
July 12
July 18
July 20
Print Assignment: WileyPLUS Assignment Week Four ::false http://edugen.wiley.com/edugen/shared/assignment/test/agprint....
1 of 7 12/21/12 12:21 PM
July 21
July 25
July 31
(Paid for gas and oil)
July 31
(Declared and paid a dividend)
Journalize the following adjustments.
1. Services provided but unbilled and uncollected at July 31 were $1,700.
2. Depreciation on equipment for the month was $250.
3. One-twelfth of the insurance expired.
4. An inventory count shows $360 of cleaning supplies on hand at July 31.
5. Accrued but unpaid employee salaries were $400.
Date Account/Description Debit Credit
1. July 31
2. July 31
3. July 31
4. July 31
5. July 31
Post the July transactions to the ledger accounts. (Use T accounts.) Post adjusting entries to the T accounts. Post
closing entries and complete the closing process. (If answer is zero, please enter 0, do not leave any fields
blank.)
Cash Accounts Payable
7/1 7/1 7/18 7/1
7/21 7/5 7/3
7/18
7/31
Bal.
7/20
Print Assignment: WileyPLUS Assignment Week Four ::false http://edugen.wiley.com/edugen/shared/assignment/test/agprint....
2 of 7 12/21/12 12:21 PM
7/31 Salaries Payable
7/31 7/31
7/31
Bal.
7/31
Bal.
Accounts Receivable Common Stock
7/12 7/21 7/1
7/25
7/31
Bal.
7/31
7/31
Bal. Retained Earnings
7/31 7/31
Cleaning Supplies
7/31
Bal.
7/3 7/31
7/31
Bal.
Dividends
7/31 7/31
7/31
Bal
.
AshfordACC305Guidance ReportWeek TwoMake the follo.docxfredharris32
Ashford
ACC305
Guidance Report
Week Two
Make the following changes to the exercises and problems.
Nov 13
Problem
Change Amount to:
Applicable Transaction
Ex 4-16
240000
Customers
10000
Interest on notes receivable
32000
Principle on note receivable
15000
Sale of investments
60000
Proceeds from note payable
-90000
Purchase of inventory
-20000
Interest on note payable
-40000
Purchase of equipment
30000
Salaries to employees
-42000
Principle on note payable
-52000
Payment of dividends to shareholders
Ex 4-19
Financing
Investing
Operating
270000
-25000
-12000
-9000
-55000
36000
Ex 4-22
950
Net income
210
Depreciation expense
Changed ending balance
685
Accounts receivable
670
Inventory
65
Prepaid insurance
2200
Plant and equipment
-810
Accumulated depreciation
270
Accounts payable
280
Payables for admin
230
Income taxes payable
820
Note payable
945
Common stock
485
Retained earnings
Ex 5-3
2011
2012
Installment Sales
390000
490000
Cost of Installment Sales
270000
290000
Cash collections on sales
during:
2011
240000
90000
2012
300000
Ex 5-10
($ in millions)
2011
2012
2013
Contract price
$340
$340
$340
Actual costs to date
70
150
200
Estimated costs to complete
150
90
0
Total estimated costs
220
240
200
Estimated gross profit (actual in 2013)
$120
$100
$140
Case 5-23
Net income
16000
Short term note
5000
Bonds interest rate
0.08
Cash balance
15000
Profit margin on sales
0.05
Return on assets
0.075
Gross profit margin
0.4
Inventory turnover ratio
6
Receivables turnover ratio
25
Acid test ratio
0.9
Current ratio
2
Return on shareholders equity
0.1
Debt to equity ratio
0.33
Times interest earned
12
Exercise 4-16
Bluebonnet Bakers
Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities:
Collections from customers
Interest on note receivable
Purchase of inventory
Interest on note payable
Payment of salaries
Net cash flows from operating activities
$
Cash flows from investing activities:
Collection of note receivable
Sale of investments
Purchase of equipment
Net cash flows from investing activities
Cash flows from financing activities:
Proceeds from note payable
Payment of note payable
Payment of dividends
Net cash flows from financing activities
Net increase in cash
Cash and cash equivalents, January 1
Cash and cash equivalents, December 31
$
Exercise 4-19
Requirement 1 (Completed)
Financing
Investing
Operating
1.
Changed
2.
(
Changed
3.
(
4.
(
5.
Changed
6.
Changed
7.
Changed
8.
Changed
9.
(
__________
__________
__________
$
=
Requirement 2
Wainwright Corporation
Statement of Cash Flows
For the Month Ended March 31, 2011
Cash flows from operat ...
Complete Week Four Assignment in WileyPLUS:
• Exercise Do It! 11-1
• Exercise E11-15
• Exercise E11-16
• Problem P11-6A
• Problem P11-8A
Week 4 assignment
Question 1
Correct.
Indicate whether each of the following statements is true or false.
1. The corporation is an entity separate and distinct from its owners. (True)
2. The liability of stockholders is normally limited to their investment in the corporation. (True)
3. The relative lack of government regulation is an advantage of the corporate form of business. (False)
4. There is no journal entry to record the authorization of capital stock. (True)
5. No-par value stock is quite rare today. (False)
Problem 1. Use the following information to prepare a s.docxwkyra78
Problem
1. Use the following information to prepare a statement of cash flows for Reynolds Inc. for 2011 using the indirect method. Be sure to prepare a schedule for any non-cash items for disclosure, if appropriate.
(a) Net income $10,000 (depreciation expense, 5,000; inventory decrease, $1,000; no changes in accounts receivable or accounts payable).
(b) Issued capital stock for $4,000 of equipment.
(c) Sold equipment for $8,000, book value $8,000.
(d) Paid cash dividend, $3,000 (declared in prior year).
(e) Paid long-term debt principal, $8,000 and short-term debt principal, $2,000.
(f) Purchased equipment for $12,000 in exchange for a note payable due in two years.
(g) The cash balance on January 1, 2010 was $10,000.
2. Mucky Corporation was just formed. The following accounts of Mucky
Corporation, with code letters, are needed to record the transactions given below.
You are to indicate the appropriate journal entry for each transaction by entering
the code letters and the correct amounts.
A.
Cash
G.
Bonds payable
B.
Remaining assets
H.
Contributed capital in excess of par
C.
Retained earnings
I.
Treasury stock
D.
Common stock, par $20
J.
Other accounts not listed
E.
Dividends payable
K.
Dividends declared
F.
Accounts payable
L.
No entry needed
Transaction
Debits
Credits
Code
Amount
Code
Amount
1.
Sold and issued 10 common shares at par. Disregard in subsequent transaction.
A
$200
D
$200
2.
Sold and issued 5,000 shares common stock at $26 per share.
A
$130000
D
H
$100000
$30000
3.
Issued a 10% stock dividend when the stock was selling at $30 per share.
K
$10020
E
$10020
4.
Declared a cash dividend of $1 per share on the shares outstanding.
K
$5010
E
$5010
5.
Paid the cash dividend of $1 per share declared earlier (see above).
E
$5010
A
$5010
6.
Purchased 100 shares of treasury stock at $27 per share.
I
$2700
A
$2700
7.
Issued a 2-for-1 stock split when the market price was $30 per share.
3. The following selected information is taken from the Zachary “is” Us financial statements for the years 2010 & 2011 in millions of dollars:
Balance Sheet
2010
2011
Cash and cash equivalents
$ 1,250
$ 1,432
Short-term investments
953
571
Accounts and other receivables
153
146
Merchandise inventories
1,884
2,094
Prepaid expenses and other current assets
167
486
Total current assets
4,407
4,729
Total property and equipment, net
4,339
4,439
Other assets
1,022
1,097
Total assets
9,768
10,265
Accounts payable
1,023
1,022
Accrued expenses and other current liabilities
881
866
Income taxes payable
245
319
Current portion of long-term debt
452
657
Total current liabilities
2,601
2,864
Total long-term liabilities
2,842
3,427
Total liabilities
5,443
6,291
Total stockholders’ equity
4,325
3,974
Total liabilities and stockholders’ equity
9,768
10,265
Income Statement
Net sal ...
Wilco Corporation has the following account balances at December 3.docxalanfhall8953
Wilco Corporation has the following account balances at December 31, 2012.
Common stock, $5 par value
$555,600
Treasury stock
90,720
Retained earnings
2,426,200
Paid-in capital in excess of par—common stock
1,321,900
Prepare Wilco’s December 31, 2012, stockholders’ equity section. (For preferred stock, common stock and treasury stock enter the account name only and do not provide the descriptive information provided in the question.)
WILCO CORPORATION
Stockholders’ Equity
December 31, 2012
$
:
$
Sprinkle Inc. has outstanding 10,050 shares of $10 par value common stock. On July 1, 2012, Sprinkle reacquired 107 shares at $89 per share. On September 1, Sprinkle reissued 61 shares at $90 per share. On November 1, Sprinkle reissued 46 shares at $85 per share.
Prepare Sprinkle’s journal entries to record these transactions using the cost method. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
7/1/12
9/1/12
11/1/12
Graves Mining Company declared, on April 20, a dividend of $519,800, on its $5 par common stock, payable on June 1. Of this amount, $133,700 is a return of capital.
Prepare the April 20 and June 1 entries for Graves. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Apr. 20
June 1
Apr. 20 Retained Earnings = ($519,800 – $133,700) = $386,100
Abernathy Corporation was organized on January 1, 2012. It is authorized to issue 10,290 shares of 8%, $65 par value preferred stock, and 544,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan. 10
Issued 80,330 shares of common stock for cash at $6 per share.
Mar. 1
Issued 5,670 shares of preferred stock for cash at $113 per share.
Apr. 1
Issued 24,730 shares of common stock for land. The asking price of the land was $90,540; the fair value of the land was $80,330.
May 1
Issued 80,330 shares of common stock for cash at $9 per share.
Aug. 1
Issued 10,290 shares of common stock to attorneys in payment of their bill of $50,620 for services rendered in helping the company organize.
Sept. 1
Issued 10,290 shares of common stock for cash at $11 per share.
Nov. 1
Issued 1,940 shares of preferred stock for cash at $115 per share.
Prepare the journal entries to record the above transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 10
M.
Financial Accounting PrinciplesAssessment 3 Internal Control ChereCheek752
Financial Accounting Principles
Assessment 3: Internal Control and Accounting for Assets Worksheet
Use this worksheet to complete the following three exercises for Assessment 3. Refer to the instructions in the course for submitting your assessment.Exercise 3-1
The Scheiffer Company’s most recent bank statement and book balances of cash reconciliations were completed on September 30, 2012. Two checks were reported outstanding: check #6798 for $1135.50 and check #6794 for $524.00. The following information is available for the October 31, 2012 reconciliation.
Section of the October 31 Bank Statement
Previous Balance
Total Checks & Deposits
Total Deposits & Credits
Current Balance
16,345.50
9,695.55
11,146.85
17,796.80
Checks and Debits
Deposits and Credits
Daily Balance
Date
No.
Amount
Date
Amount
Date
Amount
10/02
6798
1,135.50
10/04
1,214.50
09/30
16,345.50
10/05
7002
815.00
10/11
2,054.55
10/02
15,210.00
10/09
7001
1,788.50
10/20
3,990.25
10/04
16,424.50
10/15
605.75
NSF
10/23
2,436.80
10/05
15,609.50
10/19
7004
954.00
10/29
20.75
IN
10/09
13,821.00
10/22
7003
405.35
10/29
1,430.00
CM
10/11
15,875.55
10/25
7005
1,985.95
10/15
15,269.80
10/26
7007
310.35
10/19
14,315.80
10/30
7009
1,695.15
10/20
18,306.05
10/22
17,900.70
10/23
20,337.50
10/25
18,351.55
10/26
18,041.20
10/29
19,491.95
10/30
17,796.80
From Scheiffer’s Accounting Records
Cash Receipts Deposited
Date
Cash Debit
Oct
4
1,214.50
11
2,054.55
20
3,990.25
23
2,436.80
9,696.10
Cash Disbursements
Check No.
Cash Credit
7001
1,788.50
7002
815.00
7003
405.35
7004
954.00
7005
1,955.95
7006
880.50
7007
310.35
7008
325.10
7009
1,695.15
9,129.90
Cash
Account #101
Date
Explanation
PR
Debit
Credit
Balance
Sep
30
Balance
14,686.00
Oct
31
Total receipts
R12
9,696.10
24,382.10
31
Total disbursements
D23
9,129.90
15,252.20
Check #7005 was drawn correctly for $1985.95 to pay for office equipment. The recordkeeper recorded it as a debit for Office Equipment and a credit to Cash for $1955.95, but misread the amount of the check, which was $1985.95. The non-sufficient funds check for a $605.75 account payment was received from a customer, A. B. Fransen. The company has not yet recorded the returned check. The credit memo is the bank’s collection on a $1450.00 note and shows the deduction of a $20.00 collection fee. The company has not recorded the collection or the fee.
Based on the information provided, complete the following tasks:
Prepare an October 31, 2012, bank reconciliation for the Scheiffer Company.
SCHEIFFER COMPANY
Bank Reconciliation
October 31, 2012
[Create the bank reconciliation here.]
Make the necessary journal entries to adjust the book balance of cash to the reconciled balance.
[Create the journal entries here.]
For distinguished performance, provide three possible reasons why some of the numbered checks in the sequence are missing from the bank statement.Exerci ...
Ch02 P14 Build a Model Spring 1, 201372212Chapter 2. Ch 02 P14.docxarnit1
Ch02 P14 Build a Model Spring 1, 20137/22/12Chapter 2. Ch 02 P14 Build a ModelExcept for charts and answers that must be written, only Excel formulas that use cell references or functions will be accepted for credit. Numeric answers in cells will not be accepted.a. Cumberland Industries' most recent sales were $455,000,000; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $67,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings.The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below.Key Input Data for Cumberland Industries2010 (Thousands of dollars)Sales Revenue$455,000Expenses (excluding depreciation) as a percent of sales85.0%Net fixed assest$67,000Depr. as a % of net fixed assets10.0%Tax rate40.0%Interest expense$8,550Dividend Payout Ratio25%Cumberland Industries: Income Statement (Thousands of dollars)2010SalesOperating costs excluding depreciation EBITDADepreciation (Cumberland has no amortization charges) EBITInterest expense EBTTaxes (40%) Net incomeCommon dividendsAddition to retained earningsb. Cumberland Industries' partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity. Dollar value of common stock issued (in thousands of dollars)$10,000Cumberland Industries December 31 Balance Sheets(in thousands of dollars)20102009AssetsCash and cash equivalents$91,450$74,625Short-term investments11,40015,100Accounts Receivable108,47085,527Inventories38,45034,982 Total current assets$249,770$210,234 Net fixed assets67,00042,436Total assets$316,770$252,670Liabilities and equityAccounts payable$30,761$23,109Accruals30,40522,656Notes payable12,71714,217 Total current liabilities$73,883$59,982Long-term debt80,26363,914 Total liabilities$154,146$123,896Common stock$90,000Retained earnings38,774 Total common equity$128,774Total liabilities and equity$252,670Check for balancing (this should be zero):c. Construct the statement of cash flows for the most recent year. Statement of Cash Flows(in thousands of dollars)Operating ActivitiesNet IncomeAdjustments: Noncash adjustment: Depreciation Due to changes in working capital: Due to change in accounts receivable
Kenneth D. Jackson: An increase in accounts receivable from the pevious year to the current year reduces the net cash provided by operating activities
Due to change in inventories
Kenneth D. ...
Exercise 11-5Garcia Corporation recently hired a new accountant wi.docxmodi11
Exercise 11-5
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation’s capital stock.
May 2
Cash
104,520
Capital Stock
104,520
(Issued 8,040 shares of $11 par value common stock at $13 per share)
10
Cash
821,700
Capital Stock
821,700
(Issued 14,940 shares of $19 par value preferred stock at $55 per share)
15
Capital Stock
9,240
Cash
9,240
(Purchased 840 shares of common stock for the treasury at $11 per share)
On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions.
(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
pays out a higher percentage of its earnings.
Problem 11-5A
Pringle Corporation has been authorized to issue 21,700 shares of $100 par value, 9%, noncumulative preferred stock and 1,059,400 shares of no-par common stock.
The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders’ equity.
Preferred Stock
$165,300
Paid-in Capital in Excess of Par Value—Preferred Stock
21,340
Common Stock
2,080,000
Paid-in Capital in Excess of Stated Value—Common Stock
1,485,000
Treasury Stock— (3,450 common shares)
34,500
Retained Earnings
84,600
The preferred stock was issued for $186,640 cash. All common stock issued was for cash. In November 3,450 shares of common stock were purchased for the treasury at a per share cost of $10. No dividends were declared in 2014.
Prepare the journal entries for the following.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(1)
Issuance of preferred stock for cash.
(2)
Issuance of common stock for cash.
(3)
Purchase of common treasury stock for cash.
No.
Account Titles and Explanation
Debit
Credit
1.
$
:
$
$
pays out a higher percentage of its earnings.
Problem 11-5A
Pringle Corporation has been authorized to issue 21,700 shares of $100 par value, 9%, noncumulative preferred stock and 1,059,400 shares of no-par common stock.
The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders’ equity.
Preferred Stock
$165,300
Paid-in Capital in Excess of Par Value—Preferred Stock
21,340
Common Stock
2,080,000
Paid-in Capital in Excess of Stated Value—Common Stock
1,485,000
Treasury Stock— (3,450 commo ...
P12-30AAccounting, 9eP12-30AIssuing stock and preparing the stockh.docxalfred4lewis58146
P12-30AAccounting, 9eP12-30AIssuing stock and preparing the stockholders' equity section of the balance sheetLO 3 [15-20 minutes]Students please fill-in areas that are shaded Student Name Course Name Student ID: Date:Lincoln-Priest, Inc., was organized in 2011. At December 31, 2011, the Lincoln-Priest balance sheet reported the following stockholders’ equity:LINCOLN-PRIEST, INC.Stockholders' EquityDecember 31, 2011Paid-in Capital: Preferred stock, 7%, $40 par, 110,000 shares authorized, none issued$0 Common stock, $1 par, 520,000 shares authorized, 61,000 shares issued and outstanding$61,000 Paid-in capital in excess of par - common41000Total paid-in capital$102,000Retained earnings29000Total stockholders' equity$131,000Requirements1.During 2012, the company completed the following selected transactions.Journalize each transaction. Explanations are not required.a. Issued for cash 1,300 shares of preferred stock at par value.b. Issued for cash 2,400 shares of common stock at a price of $5 per share.c. Net income for the year was $74,000, and the company declared no dividends. Make the closing entry for net income.2.Prepare the stockholders’ equity section of the Lincoln-Priest balance sheet atDecember 31, 2012.Test Your KnowledgeP12-30AReq. 1JournalDATEACCOUNTS AND EXPLANATIONSDEBITCREDITa.b.c.Req. 2LINCOLN-PRIEST, INC.Stockholders' EquityPaid-in capital: Paid-in capital in excess of par - common41,000 Total paid-in capital41,000Retained earningsTotal stockholder's equity$ 41,000*61,000 + 2,400 = 63,400 shares
P12-29AAccounting, 9eP12-29AJournalizing corporate transactions and preparing the stockholders' equity section of the balance sheetLO 3 [20-25 minutes]Students please fill-in areas that are shaded Student Name Course Name Student ID: Date:B-Mobile Wireless needed additional capital to expand, so the business incorporated.The charter from the state of Georgia authorizes B-Mobile to issue 70,000 sharesof 5%, $100-par preferred stock, and 110,000 shares of no-par common stock.B-Mobile completed the following transactions:Oct 2Issued 19,000 shares of common stock for equipment with a market valueof $110,000.6Issued 800 shares of preferred stock to acquire a patent with a marketvalue of $80,000.9Issued 15,000 shares of common stock for cash of $90,000.Requirements1.Record the transactions in the general journal.2.Prepare the stockholders’ equity section of the B-Mobile balance sheet atOctober 31. The ending balance of Retained earnings is $92,000.Test Your KnowledgeP12-29AReq. 1JournalDATEACCOUNTS AND EXPLANATIONSDEBITCREDITOct 2Issued common stock to acquire equipment.6Issued preferred stock to acquire patent.9Issued common stock.Req. 2B-Mobile WirelessStockholders' EquityPaid-in capital: Total paid-in capitalRetained earningsTotal stockholder's equity$ - 0
student name goes here date turned in goes here
P11-27AAccounting, 9eP11-.
Anorexia1-Definition2-Epidemiology in united states2.docxjack60216
Anorexia
1-Definition
2-Epidemiology in united states
2-Symptoms and signs
3-Diagnosis Criteria
4-Differential diagnosis
5-Treatment
6-Criteria for hospitalization
7-Other diseases related with inadequate calories intake
8-Underweight and growth failure definition
At least 15 slides. APA format.turtinitin report
.
Annotated BibliographyIn preparation of next weeks final as.docxjack60216
Annotated Bibliography
In preparation of next week's final assignment, prepare an annotated bibliography of all resources (required and those you selected) used to date (minimum of 26) at this time.
esources
Required References
Click url to play videos
Beautiful Mind. (2005, October 11). Wal-Mart: The high cost of low price [Video file]. New York, NY: Retail Project L.L.C. Retrieved from
Walmart The High Cost Of Low Price (Links to an external site.)
Fadi-BNZE-HD. (2014, March 14). Full documentary no logo brands, globalization and resistance [Video file]. Retrieved from
No Logo Brands, Globalization and Resistance (Links to an external site.)
*Study guide, http://www.mediaed.org/assets/products/115/studyguide_115.pdf
Ford School. (2011, March 11). @fordschool - Paul Krugman: Reflections on Globalization: Yesteryear and today[Video file]. Retrieved from
[email protected]
- Paul Krugman: Reflections on Globalization: Yesteryear and Today (Links to an external site.)
PBS Newshour. (2014, August 20).
‘Factory Man’ explores human side of how globalization affects U.S. industry
[Video file]. Retrieved from
http://www.pbs.org/newshour/bb/factory-man-explores-human-side-globalization-affects-u-s-industry/ (Links to an external site.)
Walmart. (n.d.). Community giving. http://foundation.walmart.com/
Recommended References
International Monetary Fund. (n.d.).
Key issues: Globalization
. Retrieved from http://www.imf.org/external/np/exr/key/global.htm
World Affairs Council: Nor Cal. (2006, October 6).
Making globalization work Joseph Stiglitz
[Video file]. Retrieved from
http://library.fora.tv/2006/10/10/Making_Globalization_Work (Links to an external site.)
Online Writing Lab (n.d.).
Annotated bibliography samples
. Retrieved from https://owl.english.purdue.edu/owl/resource/614/03/
esources
Required References
Click url to play videos
Beautiful Mind. (2005, October 11). Wal-Mart: The high cost of low price [Video file]. New York, NY: Retail Project L.L.C. Retrieved from
Walmart The High Cost Of Low Price (Links to an external site.)
Fadi-BNZE-HD. (2014, March 14). Full documentary no logo brands, globalization and resistance [Video file]. Retrieved from
No Logo Brands, Globalization and Resistance (Links to an external site.)
*Study guide, http://www.mediaed.org/assets/products/115/studyguide_115.pdf
Ford School. (2011, March 11). @fordschool - Paul Krugman: Reflections on Globalization: Yesteryear and today[Video file]. Retrieved from
[email protected]
- Paul Krugman: Reflections on Globalization: Yesteryear and Today (Links to an external site.)
PBS Newshour. (2014, August 20).
‘Factory Man’ explores human side of how globalization affects U.S. industry
[Video file]. Retrieved from
http://www.pbs.org/newshour/bb/factory-man-explores-human-side-globalization-affects-u-s-industry/ (Links to an external site.)
Walmart. (n.d.). Community giving. http://foundation.walmart.com/
Recommended References
Internation.
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Chapter 2Problems Set BP2-1B Suppose the following items are .docxwalterl4
Chapter 2
Problems: Set B
P2-1B Suppose the following items are taken from the 2014 balance sheet of Starbucks Corporation. (All dollars are in millions.)
Goodwill
$ 477
Common stock
40
Equipment
3,036
Accounts payable
391
Stock investments (long-term)
280
Accounts receivable
288
Prepaid rent
278
Debt investments (current)
157
Retained earnings
2,244
Cash
281
Notes payable (noncurrent)
550
Notes payable (current)
1,468
Unearned sales revenue (current)
297
Bonds payable
354
Inventory
692
Accumulated depreciation—equipment
145
Instructions
Prepare a classified balance sheet for Starbucks Corporation as of September 30, 2014.
P2-2B These items are taken from the financial statements of Mueller, Inc.
Prepaid insurance
$ 2,400
Equipment
30,000
Salaries and wages expense
34,000
Utilities expense
2,100
Accumulated depreciation—equipment
7,600
Accounts payable
7,200
Cash
6,100
Accounts receivable
2,900
Salaries and wages payable
3,000
Common stock
6,000
Depreciation expense
4,300
Retained earnings (beginning)
14,000
Dividends
2,600
Service revenue
51,000
Maintenance and repairs expense
2,600
Insurance expense
1,800
Instructions
Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2014.
P2-3B You are provided with the following information for Vern Corporation, effective as of its April 30, 2014, year-end.
Accounts payable
$ 3,100
Accounts receivable
10,150
Accumulated depreciation—equipment
6,600
Depreciation expense
3,200
Cash
20,955
Common stock
20,000
Dividends
2,800
Equipment
24,250
Sales revenue
20,450
Income tax expense
700
Income taxes payable
300
Interest expense
350
Interest payable
175
Notes payable (due in 2018)
4,700
Prepaid rent
380
Rent expense
660
Retained earnings, beginning
13,960
Salaries and wages expense
5,840
Instructions
(a)
Prepare an income statement and a retained earnings statement for Vern Corporation for the year ended April 30, 2014.
(b)
Prepare a classified balance sheet for Vern as of April 30, 2014.
P2-4B Comparative statement data for Omaz Company and Wise Company, two competitors, are presented below. All balance sheet data are as of December 31, 2014.
Omaz Company
Wise Company
2014
2014
Net sales
$450,000
$900,000
Cost of goods sold
225,000
450,000
Operating expenses
130,000
150,000
Interest expense
6,000
10,000
Income tax expense
15,000
75,000
Current assets
180,000
700,000
Plant assets (net)
600,000
800,000
Current liabilities
75,000
230,000
Long-term liabilities
190,000
200,000
Net cash provided by operating activities
46,000
180,000
Capital expenditures
20,000
50,000
Dividends paid
-0-
5,000
Average number of shares outstanding
200,000
500,000
Instructions
(a)
Compute the net income and earnings per share for each company for 2014.
(b)
Comment on the relative liquidity of the companies by computing working capital and the current ratio for each company for 2014.
(c)
Comment on the relative solvency of the.
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970643 paper 4 problem solving (supplementary topics) october november 2011
Advanced Level
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Chapter 9 Exercise 31. Liquidity ratios. Edison, Stagg, and Thor.docxchristinemaritza
Chapter 9 Exercise 3
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?
b. Suppose Thornton is using FIFO for inventory valuation and Edison is using LIFO. Comment on the comparability of information between these two companies.
c. If all short-term notes payable are due on July 11 at 8 a.m., comment on each company's ability to settle its obligation in a timely manner.
Chapter 9 Exercise 4
1. 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
Accounts Receivable, Dec. 31
180,000
140,000
Inventory, Dec. 31
70,000
50,000
Accounts Payable, Dec. 31
115,000
108,000
2. The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs.
a. Compute the accounts-receivable and inventory-turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
b. Study the ratios from part (a) and comment on the company's ability to repay a bank loan in 90 days.
c. Suppose that Alaska's major line of business involves the processing and distribution of fresh and frozen fish throughout the United States. Do you have any concerns about the company's inventory-turnover ratio? Briefly discuss.
Chapter 9 Problem 1
1. Horizontal and vertical analysis. The following financial statements pertain to Waterloo Corporation:
WATERLOO CORPORATION
Comparative Balance Sheets
December 31,20X5 and 20X4
20X5
20X4
Assets
Current Assets
Cash
$ 11,250
$ 12,500
Accounts Receivable (net)
18,500
25,000
Inventories
38,500
35,000
Prepaid Expense
__3,750
__3,750
Total Current Assets
$ 72,000
$ 76,250
Property, Plant, and Equipment
Buildings (net)
$ 102,750
$ 101,250
Equipment (net)
28,500
30,000
Vehicles (net)
32,000
40,000
Total Property, Plant, and Equipment
$ 163,250
$ 171,250
Trademarks (net)
__$ 14,750
__$ 2,500
Total assets
$ 250,000
$ 250,000
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
$ 49,000
$ 70,000
Notes Payable
13,500
40,000
Federal Taxes Payable
__2,500
__25,000
Total Current Liabilities
$ 65,000
$ 135,000
Long-Term Debt
__$ 50,000
__$ 25,000
Total Liabilities
$ 115,000
$ 160,000
Stockholders' Equity
Common Stock, $10 par
$ 25,000
$ 25,000
Retained Earnings
__110,000
__65,000
Total Stockholders' Equity
$ 135,000
$ 90,000
Total Liabilities a ...
WileyPLUS Assignment Week FourComplete the following in Wi.docxalanfhall8953
WileyPLUS Assignment Week Four
Complete the following in WileyPLUS: * Problem 4-8A
Start Date: 30 Nov 2012 at 07:00 PM
Due Date: Unlimited
Student Access after Due Date: Yes. Attempts after Due Date will be Marked Late
Graded: Yes
P4-8A
Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were
completed.
July 1 Issued 11,000 shares of common stock for $11,000 cash.
July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account.
July 3 Purchased cleaning supplies for $900 on account.
July 5 Paid $1,800 cash on 1-year insurance policy effective July 1.
July 12 Billed customers $3,200 for cleaning services.
July 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.
July 20 Paid $2,000 cash for employee salaries.
July 21 Collected $1,400 cash from customers billed on July 12.
July 25 Billed customers $2,500 for cleaning services.
July 31 Paid $260 for gas and oil used in the truck during month.
July 31 Declared and paid a $600 cash dividend.
Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g.
10, 5, 2.)
Date Account/Description Debit Credit
July 1
(To record the issuance of stock)
July 1
(To record the purchase of a truck)
July 3
July 5
July 12
July 18
July 20
Print Assignment: WileyPLUS Assignment Week Four ::false http://edugen.wiley.com/edugen/shared/assignment/test/agprint....
1 of 7 12/21/12 12:21 PM
July 21
July 25
July 31
(Paid for gas and oil)
July 31
(Declared and paid a dividend)
Journalize the following adjustments.
1. Services provided but unbilled and uncollected at July 31 were $1,700.
2. Depreciation on equipment for the month was $250.
3. One-twelfth of the insurance expired.
4. An inventory count shows $360 of cleaning supplies on hand at July 31.
5. Accrued but unpaid employee salaries were $400.
Date Account/Description Debit Credit
1. July 31
2. July 31
3. July 31
4. July 31
5. July 31
Post the July transactions to the ledger accounts. (Use T accounts.) Post adjusting entries to the T accounts. Post
closing entries and complete the closing process. (If answer is zero, please enter 0, do not leave any fields
blank.)
Cash Accounts Payable
7/1 7/1 7/18 7/1
7/21 7/5 7/3
7/18
7/31
Bal.
7/20
Print Assignment: WileyPLUS Assignment Week Four ::false http://edugen.wiley.com/edugen/shared/assignment/test/agprint....
2 of 7 12/21/12 12:21 PM
7/31 Salaries Payable
7/31 7/31
7/31
Bal.
7/31
Bal.
Accounts Receivable Common Stock
7/12 7/21 7/1
7/25
7/31
Bal.
7/31
7/31
Bal. Retained Earnings
7/31 7/31
Cleaning Supplies
7/31
Bal.
7/3 7/31
7/31
Bal.
Dividends
7/31 7/31
7/31
Bal
.
AshfordACC305Guidance ReportWeek TwoMake the follo.docxfredharris32
Ashford
ACC305
Guidance Report
Week Two
Make the following changes to the exercises and problems.
Nov 13
Problem
Change Amount to:
Applicable Transaction
Ex 4-16
240000
Customers
10000
Interest on notes receivable
32000
Principle on note receivable
15000
Sale of investments
60000
Proceeds from note payable
-90000
Purchase of inventory
-20000
Interest on note payable
-40000
Purchase of equipment
30000
Salaries to employees
-42000
Principle on note payable
-52000
Payment of dividends to shareholders
Ex 4-19
Financing
Investing
Operating
270000
-25000
-12000
-9000
-55000
36000
Ex 4-22
950
Net income
210
Depreciation expense
Changed ending balance
685
Accounts receivable
670
Inventory
65
Prepaid insurance
2200
Plant and equipment
-810
Accumulated depreciation
270
Accounts payable
280
Payables for admin
230
Income taxes payable
820
Note payable
945
Common stock
485
Retained earnings
Ex 5-3
2011
2012
Installment Sales
390000
490000
Cost of Installment Sales
270000
290000
Cash collections on sales
during:
2011
240000
90000
2012
300000
Ex 5-10
($ in millions)
2011
2012
2013
Contract price
$340
$340
$340
Actual costs to date
70
150
200
Estimated costs to complete
150
90
0
Total estimated costs
220
240
200
Estimated gross profit (actual in 2013)
$120
$100
$140
Case 5-23
Net income
16000
Short term note
5000
Bonds interest rate
0.08
Cash balance
15000
Profit margin on sales
0.05
Return on assets
0.075
Gross profit margin
0.4
Inventory turnover ratio
6
Receivables turnover ratio
25
Acid test ratio
0.9
Current ratio
2
Return on shareholders equity
0.1
Debt to equity ratio
0.33
Times interest earned
12
Exercise 4-16
Bluebonnet Bakers
Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities:
Collections from customers
Interest on note receivable
Purchase of inventory
Interest on note payable
Payment of salaries
Net cash flows from operating activities
$
Cash flows from investing activities:
Collection of note receivable
Sale of investments
Purchase of equipment
Net cash flows from investing activities
Cash flows from financing activities:
Proceeds from note payable
Payment of note payable
Payment of dividends
Net cash flows from financing activities
Net increase in cash
Cash and cash equivalents, January 1
Cash and cash equivalents, December 31
$
Exercise 4-19
Requirement 1 (Completed)
Financing
Investing
Operating
1.
Changed
2.
(
Changed
3.
(
4.
(
5.
Changed
6.
Changed
7.
Changed
8.
Changed
9.
(
__________
__________
__________
$
=
Requirement 2
Wainwright Corporation
Statement of Cash Flows
For the Month Ended March 31, 2011
Cash flows from operat ...
Complete Week Four Assignment in WileyPLUS:
• Exercise Do It! 11-1
• Exercise E11-15
• Exercise E11-16
• Problem P11-6A
• Problem P11-8A
Week 4 assignment
Question 1
Correct.
Indicate whether each of the following statements is true or false.
1. The corporation is an entity separate and distinct from its owners. (True)
2. The liability of stockholders is normally limited to their investment in the corporation. (True)
3. The relative lack of government regulation is an advantage of the corporate form of business. (False)
4. There is no journal entry to record the authorization of capital stock. (True)
5. No-par value stock is quite rare today. (False)
Problem 1. Use the following information to prepare a s.docxwkyra78
Problem
1. Use the following information to prepare a statement of cash flows for Reynolds Inc. for 2011 using the indirect method. Be sure to prepare a schedule for any non-cash items for disclosure, if appropriate.
(a) Net income $10,000 (depreciation expense, 5,000; inventory decrease, $1,000; no changes in accounts receivable or accounts payable).
(b) Issued capital stock for $4,000 of equipment.
(c) Sold equipment for $8,000, book value $8,000.
(d) Paid cash dividend, $3,000 (declared in prior year).
(e) Paid long-term debt principal, $8,000 and short-term debt principal, $2,000.
(f) Purchased equipment for $12,000 in exchange for a note payable due in two years.
(g) The cash balance on January 1, 2010 was $10,000.
2. Mucky Corporation was just formed. The following accounts of Mucky
Corporation, with code letters, are needed to record the transactions given below.
You are to indicate the appropriate journal entry for each transaction by entering
the code letters and the correct amounts.
A.
Cash
G.
Bonds payable
B.
Remaining assets
H.
Contributed capital in excess of par
C.
Retained earnings
I.
Treasury stock
D.
Common stock, par $20
J.
Other accounts not listed
E.
Dividends payable
K.
Dividends declared
F.
Accounts payable
L.
No entry needed
Transaction
Debits
Credits
Code
Amount
Code
Amount
1.
Sold and issued 10 common shares at par. Disregard in subsequent transaction.
A
$200
D
$200
2.
Sold and issued 5,000 shares common stock at $26 per share.
A
$130000
D
H
$100000
$30000
3.
Issued a 10% stock dividend when the stock was selling at $30 per share.
K
$10020
E
$10020
4.
Declared a cash dividend of $1 per share on the shares outstanding.
K
$5010
E
$5010
5.
Paid the cash dividend of $1 per share declared earlier (see above).
E
$5010
A
$5010
6.
Purchased 100 shares of treasury stock at $27 per share.
I
$2700
A
$2700
7.
Issued a 2-for-1 stock split when the market price was $30 per share.
3. The following selected information is taken from the Zachary “is” Us financial statements for the years 2010 & 2011 in millions of dollars:
Balance Sheet
2010
2011
Cash and cash equivalents
$ 1,250
$ 1,432
Short-term investments
953
571
Accounts and other receivables
153
146
Merchandise inventories
1,884
2,094
Prepaid expenses and other current assets
167
486
Total current assets
4,407
4,729
Total property and equipment, net
4,339
4,439
Other assets
1,022
1,097
Total assets
9,768
10,265
Accounts payable
1,023
1,022
Accrued expenses and other current liabilities
881
866
Income taxes payable
245
319
Current portion of long-term debt
452
657
Total current liabilities
2,601
2,864
Total long-term liabilities
2,842
3,427
Total liabilities
5,443
6,291
Total stockholders’ equity
4,325
3,974
Total liabilities and stockholders’ equity
9,768
10,265
Income Statement
Net sal ...
Wilco Corporation has the following account balances at December 3.docxalanfhall8953
Wilco Corporation has the following account balances at December 31, 2012.
Common stock, $5 par value
$555,600
Treasury stock
90,720
Retained earnings
2,426,200
Paid-in capital in excess of par—common stock
1,321,900
Prepare Wilco’s December 31, 2012, stockholders’ equity section. (For preferred stock, common stock and treasury stock enter the account name only and do not provide the descriptive information provided in the question.)
WILCO CORPORATION
Stockholders’ Equity
December 31, 2012
$
:
$
Sprinkle Inc. has outstanding 10,050 shares of $10 par value common stock. On July 1, 2012, Sprinkle reacquired 107 shares at $89 per share. On September 1, Sprinkle reissued 61 shares at $90 per share. On November 1, Sprinkle reissued 46 shares at $85 per share.
Prepare Sprinkle’s journal entries to record these transactions using the cost method. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
7/1/12
9/1/12
11/1/12
Graves Mining Company declared, on April 20, a dividend of $519,800, on its $5 par common stock, payable on June 1. Of this amount, $133,700 is a return of capital.
Prepare the April 20 and June 1 entries for Graves. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Apr. 20
June 1
Apr. 20 Retained Earnings = ($519,800 – $133,700) = $386,100
Abernathy Corporation was organized on January 1, 2012. It is authorized to issue 10,290 shares of 8%, $65 par value preferred stock, and 544,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan. 10
Issued 80,330 shares of common stock for cash at $6 per share.
Mar. 1
Issued 5,670 shares of preferred stock for cash at $113 per share.
Apr. 1
Issued 24,730 shares of common stock for land. The asking price of the land was $90,540; the fair value of the land was $80,330.
May 1
Issued 80,330 shares of common stock for cash at $9 per share.
Aug. 1
Issued 10,290 shares of common stock to attorneys in payment of their bill of $50,620 for services rendered in helping the company organize.
Sept. 1
Issued 10,290 shares of common stock for cash at $11 per share.
Nov. 1
Issued 1,940 shares of preferred stock for cash at $115 per share.
Prepare the journal entries to record the above transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 10
M.
Financial Accounting PrinciplesAssessment 3 Internal Control ChereCheek752
Financial Accounting Principles
Assessment 3: Internal Control and Accounting for Assets Worksheet
Use this worksheet to complete the following three exercises for Assessment 3. Refer to the instructions in the course for submitting your assessment.Exercise 3-1
The Scheiffer Company’s most recent bank statement and book balances of cash reconciliations were completed on September 30, 2012. Two checks were reported outstanding: check #6798 for $1135.50 and check #6794 for $524.00. The following information is available for the October 31, 2012 reconciliation.
Section of the October 31 Bank Statement
Previous Balance
Total Checks & Deposits
Total Deposits & Credits
Current Balance
16,345.50
9,695.55
11,146.85
17,796.80
Checks and Debits
Deposits and Credits
Daily Balance
Date
No.
Amount
Date
Amount
Date
Amount
10/02
6798
1,135.50
10/04
1,214.50
09/30
16,345.50
10/05
7002
815.00
10/11
2,054.55
10/02
15,210.00
10/09
7001
1,788.50
10/20
3,990.25
10/04
16,424.50
10/15
605.75
NSF
10/23
2,436.80
10/05
15,609.50
10/19
7004
954.00
10/29
20.75
IN
10/09
13,821.00
10/22
7003
405.35
10/29
1,430.00
CM
10/11
15,875.55
10/25
7005
1,985.95
10/15
15,269.80
10/26
7007
310.35
10/19
14,315.80
10/30
7009
1,695.15
10/20
18,306.05
10/22
17,900.70
10/23
20,337.50
10/25
18,351.55
10/26
18,041.20
10/29
19,491.95
10/30
17,796.80
From Scheiffer’s Accounting Records
Cash Receipts Deposited
Date
Cash Debit
Oct
4
1,214.50
11
2,054.55
20
3,990.25
23
2,436.80
9,696.10
Cash Disbursements
Check No.
Cash Credit
7001
1,788.50
7002
815.00
7003
405.35
7004
954.00
7005
1,955.95
7006
880.50
7007
310.35
7008
325.10
7009
1,695.15
9,129.90
Cash
Account #101
Date
Explanation
PR
Debit
Credit
Balance
Sep
30
Balance
14,686.00
Oct
31
Total receipts
R12
9,696.10
24,382.10
31
Total disbursements
D23
9,129.90
15,252.20
Check #7005 was drawn correctly for $1985.95 to pay for office equipment. The recordkeeper recorded it as a debit for Office Equipment and a credit to Cash for $1955.95, but misread the amount of the check, which was $1985.95. The non-sufficient funds check for a $605.75 account payment was received from a customer, A. B. Fransen. The company has not yet recorded the returned check. The credit memo is the bank’s collection on a $1450.00 note and shows the deduction of a $20.00 collection fee. The company has not recorded the collection or the fee.
Based on the information provided, complete the following tasks:
Prepare an October 31, 2012, bank reconciliation for the Scheiffer Company.
SCHEIFFER COMPANY
Bank Reconciliation
October 31, 2012
[Create the bank reconciliation here.]
Make the necessary journal entries to adjust the book balance of cash to the reconciled balance.
[Create the journal entries here.]
For distinguished performance, provide three possible reasons why some of the numbered checks in the sequence are missing from the bank statement.Exerci ...
Ch02 P14 Build a Model Spring 1, 201372212Chapter 2. Ch 02 P14.docxarnit1
Ch02 P14 Build a Model Spring 1, 20137/22/12Chapter 2. Ch 02 P14 Build a ModelExcept for charts and answers that must be written, only Excel formulas that use cell references or functions will be accepted for credit. Numeric answers in cells will not be accepted.a. Cumberland Industries' most recent sales were $455,000,000; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $67,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings.The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below.Key Input Data for Cumberland Industries2010 (Thousands of dollars)Sales Revenue$455,000Expenses (excluding depreciation) as a percent of sales85.0%Net fixed assest$67,000Depr. as a % of net fixed assets10.0%Tax rate40.0%Interest expense$8,550Dividend Payout Ratio25%Cumberland Industries: Income Statement (Thousands of dollars)2010SalesOperating costs excluding depreciation EBITDADepreciation (Cumberland has no amortization charges) EBITInterest expense EBTTaxes (40%) Net incomeCommon dividendsAddition to retained earningsb. Cumberland Industries' partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity. Dollar value of common stock issued (in thousands of dollars)$10,000Cumberland Industries December 31 Balance Sheets(in thousands of dollars)20102009AssetsCash and cash equivalents$91,450$74,625Short-term investments11,40015,100Accounts Receivable108,47085,527Inventories38,45034,982 Total current assets$249,770$210,234 Net fixed assets67,00042,436Total assets$316,770$252,670Liabilities and equityAccounts payable$30,761$23,109Accruals30,40522,656Notes payable12,71714,217 Total current liabilities$73,883$59,982Long-term debt80,26363,914 Total liabilities$154,146$123,896Common stock$90,000Retained earnings38,774 Total common equity$128,774Total liabilities and equity$252,670Check for balancing (this should be zero):c. Construct the statement of cash flows for the most recent year. Statement of Cash Flows(in thousands of dollars)Operating ActivitiesNet IncomeAdjustments: Noncash adjustment: Depreciation Due to changes in working capital: Due to change in accounts receivable
Kenneth D. Jackson: An increase in accounts receivable from the pevious year to the current year reduces the net cash provided by operating activities
Due to change in inventories
Kenneth D. ...
Exercise 11-5Garcia Corporation recently hired a new accountant wi.docxmodi11
Exercise 11-5
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation’s capital stock.
May 2
Cash
104,520
Capital Stock
104,520
(Issued 8,040 shares of $11 par value common stock at $13 per share)
10
Cash
821,700
Capital Stock
821,700
(Issued 14,940 shares of $19 par value preferred stock at $55 per share)
15
Capital Stock
9,240
Cash
9,240
(Purchased 840 shares of common stock for the treasury at $11 per share)
On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions.
(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
pays out a higher percentage of its earnings.
Problem 11-5A
Pringle Corporation has been authorized to issue 21,700 shares of $100 par value, 9%, noncumulative preferred stock and 1,059,400 shares of no-par common stock.
The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders’ equity.
Preferred Stock
$165,300
Paid-in Capital in Excess of Par Value—Preferred Stock
21,340
Common Stock
2,080,000
Paid-in Capital in Excess of Stated Value—Common Stock
1,485,000
Treasury Stock— (3,450 common shares)
34,500
Retained Earnings
84,600
The preferred stock was issued for $186,640 cash. All common stock issued was for cash. In November 3,450 shares of common stock were purchased for the treasury at a per share cost of $10. No dividends were declared in 2014.
Prepare the journal entries for the following.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(1)
Issuance of preferred stock for cash.
(2)
Issuance of common stock for cash.
(3)
Purchase of common treasury stock for cash.
No.
Account Titles and Explanation
Debit
Credit
1.
$
:
$
$
pays out a higher percentage of its earnings.
Problem 11-5A
Pringle Corporation has been authorized to issue 21,700 shares of $100 par value, 9%, noncumulative preferred stock and 1,059,400 shares of no-par common stock.
The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders’ equity.
Preferred Stock
$165,300
Paid-in Capital in Excess of Par Value—Preferred Stock
21,340
Common Stock
2,080,000
Paid-in Capital in Excess of Stated Value—Common Stock
1,485,000
Treasury Stock— (3,450 commo ...
P12-30AAccounting, 9eP12-30AIssuing stock and preparing the stockh.docxalfred4lewis58146
P12-30AAccounting, 9eP12-30AIssuing stock and preparing the stockholders' equity section of the balance sheetLO 3 [15-20 minutes]Students please fill-in areas that are shaded Student Name Course Name Student ID: Date:Lincoln-Priest, Inc., was organized in 2011. At December 31, 2011, the Lincoln-Priest balance sheet reported the following stockholders’ equity:LINCOLN-PRIEST, INC.Stockholders' EquityDecember 31, 2011Paid-in Capital: Preferred stock, 7%, $40 par, 110,000 shares authorized, none issued$0 Common stock, $1 par, 520,000 shares authorized, 61,000 shares issued and outstanding$61,000 Paid-in capital in excess of par - common41000Total paid-in capital$102,000Retained earnings29000Total stockholders' equity$131,000Requirements1.During 2012, the company completed the following selected transactions.Journalize each transaction. Explanations are not required.a. Issued for cash 1,300 shares of preferred stock at par value.b. Issued for cash 2,400 shares of common stock at a price of $5 per share.c. Net income for the year was $74,000, and the company declared no dividends. Make the closing entry for net income.2.Prepare the stockholders’ equity section of the Lincoln-Priest balance sheet atDecember 31, 2012.Test Your KnowledgeP12-30AReq. 1JournalDATEACCOUNTS AND EXPLANATIONSDEBITCREDITa.b.c.Req. 2LINCOLN-PRIEST, INC.Stockholders' EquityPaid-in capital: Paid-in capital in excess of par - common41,000 Total paid-in capital41,000Retained earningsTotal stockholder's equity$ 41,000*61,000 + 2,400 = 63,400 shares
P12-29AAccounting, 9eP12-29AJournalizing corporate transactions and preparing the stockholders' equity section of the balance sheetLO 3 [20-25 minutes]Students please fill-in areas that are shaded Student Name Course Name Student ID: Date:B-Mobile Wireless needed additional capital to expand, so the business incorporated.The charter from the state of Georgia authorizes B-Mobile to issue 70,000 sharesof 5%, $100-par preferred stock, and 110,000 shares of no-par common stock.B-Mobile completed the following transactions:Oct 2Issued 19,000 shares of common stock for equipment with a market valueof $110,000.6Issued 800 shares of preferred stock to acquire a patent with a marketvalue of $80,000.9Issued 15,000 shares of common stock for cash of $90,000.Requirements1.Record the transactions in the general journal.2.Prepare the stockholders’ equity section of the B-Mobile balance sheet atOctober 31. The ending balance of Retained earnings is $92,000.Test Your KnowledgeP12-29AReq. 1JournalDATEACCOUNTS AND EXPLANATIONSDEBITCREDITOct 2Issued common stock to acquire equipment.6Issued preferred stock to acquire patent.9Issued common stock.Req. 2B-Mobile WirelessStockholders' EquityPaid-in capital: Total paid-in capitalRetained earningsTotal stockholder's equity$ - 0
student name goes here date turned in goes here
P11-27AAccounting, 9eP11-.
Similar to Eli- 16 httpedugen.wiley.comledugensharedJassignmentltest.docx (20)
Anorexia1-Definition2-Epidemiology in united states2.docxjack60216
Anorexia
1-Definition
2-Epidemiology in united states
2-Symptoms and signs
3-Diagnosis Criteria
4-Differential diagnosis
5-Treatment
6-Criteria for hospitalization
7-Other diseases related with inadequate calories intake
8-Underweight and growth failure definition
At least 15 slides. APA format.turtinitin report
.
Annotated BibliographyIn preparation of next weeks final as.docxjack60216
Annotated Bibliography
In preparation of next week's final assignment, prepare an annotated bibliography of all resources (required and those you selected) used to date (minimum of 26) at this time.
esources
Required References
Click url to play videos
Beautiful Mind. (2005, October 11). Wal-Mart: The high cost of low price [Video file]. New York, NY: Retail Project L.L.C. Retrieved from
Walmart The High Cost Of Low Price (Links to an external site.)
Fadi-BNZE-HD. (2014, March 14). Full documentary no logo brands, globalization and resistance [Video file]. Retrieved from
No Logo Brands, Globalization and Resistance (Links to an external site.)
*Study guide, http://www.mediaed.org/assets/products/115/studyguide_115.pdf
Ford School. (2011, March 11). @fordschool - Paul Krugman: Reflections on Globalization: Yesteryear and today[Video file]. Retrieved from
[email protected]
- Paul Krugman: Reflections on Globalization: Yesteryear and Today (Links to an external site.)
PBS Newshour. (2014, August 20).
‘Factory Man’ explores human side of how globalization affects U.S. industry
[Video file]. Retrieved from
http://www.pbs.org/newshour/bb/factory-man-explores-human-side-globalization-affects-u-s-industry/ (Links to an external site.)
Walmart. (n.d.). Community giving. http://foundation.walmart.com/
Recommended References
International Monetary Fund. (n.d.).
Key issues: Globalization
. Retrieved from http://www.imf.org/external/np/exr/key/global.htm
World Affairs Council: Nor Cal. (2006, October 6).
Making globalization work Joseph Stiglitz
[Video file]. Retrieved from
http://library.fora.tv/2006/10/10/Making_Globalization_Work (Links to an external site.)
Online Writing Lab (n.d.).
Annotated bibliography samples
. Retrieved from https://owl.english.purdue.edu/owl/resource/614/03/
esources
Required References
Click url to play videos
Beautiful Mind. (2005, October 11). Wal-Mart: The high cost of low price [Video file]. New York, NY: Retail Project L.L.C. Retrieved from
Walmart The High Cost Of Low Price (Links to an external site.)
Fadi-BNZE-HD. (2014, March 14). Full documentary no logo brands, globalization and resistance [Video file]. Retrieved from
No Logo Brands, Globalization and Resistance (Links to an external site.)
*Study guide, http://www.mediaed.org/assets/products/115/studyguide_115.pdf
Ford School. (2011, March 11). @fordschool - Paul Krugman: Reflections on Globalization: Yesteryear and today[Video file]. Retrieved from
[email protected]
- Paul Krugman: Reflections on Globalization: Yesteryear and Today (Links to an external site.)
PBS Newshour. (2014, August 20).
‘Factory Man’ explores human side of how globalization affects U.S. industry
[Video file]. Retrieved from
http://www.pbs.org/newshour/bb/factory-man-explores-human-side-globalization-affects-u-s-industry/ (Links to an external site.)
Walmart. (n.d.). Community giving. http://foundation.walmart.com/
Recommended References
Internation.
Annual Report to the Nation on the Status of Cancer,Part I .docxjack60216
Annual Report to the Nation on the Status of Cancer,
Part I: National Cancer Statistics
Kathleen A. Cronin, PhD, MPH1; Andrew J. Lake, BS2; Susan Scott, MPH 1; Recinda L. Sherman, MPH, PhD, CTR3;
Anne-Michelle Noone, MS1; Nadia Howlader, MS, PhD1; S. Jane Henley, MSPH4; Robert N. Anderson, PhD5;
Albert U. Firth, BS2; Jiemin Ma, PhD, MHS6; Betsy A. Kohler, MPH, CTR3; and Ahmedin Jemal, DVM, PhD 6
BACKGROUND: The American Cancer Society (ACS), the Centers for Disease Control and Prevention (CDC), the National Cancer
Institute (NCI), and the North American Association of Central Cancer Registries (NAACCR) collaborate to provide annual updates
on cancer occurrence and trends in the United States. METHODS: Incidence data were obtained from the CDC-funded and NCI-
funded population-based cancer registry programs and compiled by NAACCR. Data on cancer deaths were obtained from the
National Center for Health Statistics National Vital Statistics System. Trends in age-standardized incidence and death rates for all can-
cers combined and for the leading cancer types by sex, race, and ethnicity were estimated by joinpoint analysis and expressed as the
annual percent change. Stage distribution and 5-year survival by stage at diagnosis were calculated for breast cancer, colon and rec-
tum (colorectal) cancer, lung and bronchus cancer, and melanoma of the skin. RESULTS: Overall cancer incidence rates from 2008 to
2014 decreased by 2.2% per year among men but were stable among women. Overall cancer death rates from 1999 to 2015
decreased by 1.8% per year among men and by 1.4% per year among women. Among men, incidence rates during the most recent 5-
year period (2010-2014) decreased for 7 of the 17 most common cancer types, and death rates (2011-2015) decreased for 11 of the 18
most common types. Among women, incidence rates declined for 7 of the 18 most common cancers, and death rates declined for 14
of the 20 most common cancers. Death rates decreased for cancer sites, including lung and bronchus (men and women), colorectal
(men and women), female breast, and prostate. Death rates increased for cancers of the liver (men and women); pancreas (men and
women); brain and other nervous system (men and women); oral cavity and pharynx (men only); soft tissue, including heart (men
only); nonmelanoma skin (men only); and uterus. Incidence and death rates were higher among men than among women for all racial
and ethnic groups. For all cancer sites combined, black men and white women had the highest incidence rates compared with other
racial groups, and black men and black women had the highest death rates compared with other racial groups. Non-Hispanic men
and women had higher incidence and mortality rates than those of Hispanic ethnicity. Five-year survival for cases diagnosed from
2007 through 2013 ranged from 100% (stage I) to 26.5% (stage IV) for female breast cancer, from 88.1% (stage I) to 12.6% (stage IV)
for colorectal cancer, from 55.
Annotated BibliographyDue 1212019 @ 12pm Eastern Time (Unite.docxjack60216
Annotated Bibliography
Due 12/1/2019 @ 12pm Eastern Time (United States)
3-5 pages
Must be in APA format
Must use a minimum of 8
scholarly article
Must be submitted through turnitin and submit the report
Instructions are attached
.
Annotated BibliographyFor this assignment, you will create an .docxjack60216
Annotated Bibliography
For this assignment, you will create an annotated bibliography on social determinants.
- Select five articles you wish to annotate. Make certain to select different types of disparities, such as race, gender, SES, age, language, liability status, etc.
For more information about the elements of an
Annotated Bibliography
.
Attached, you will find a document that can provide more in-depth information on how to construct an annotated bibliography, including samples.
FREE OF PLAGIARISM (TURNITIN ASSIGNMENT)
.
Annotated bibliography due in 36 hours. MLA format Must incl.docxjack60216
Annotated bibliography due in 36 hours.
MLA format
Must include 8 sources
Annotations should be between 4 to 7 sentences.
PLEASE PLEASE PLEASE review ALL attachments because they are very important and are beneficial for the next part (research paper).
The book is Things Fall Apart by Chinua Achebe.
I also included an attachment for the research paper so you can know what to focus on for the annotated bib.
.
Analyzing a Short Story- The Necklace by Guy de MaupassantIntro.docxjack60216
Analyzing a Short Story- The Necklace by Guy de Maupassant
Intro
- 5 to 8 line and thesis = what you think is the major theme of the story at end of the intro just a one sentence.
Plot
- What is the plot? (2-3 lines summary)
Understandable or too complex?
Tension/conflict?
Too fast/slow? Appropriate?
Characters
- Indentify major character(s)
Descriptions of major characters; must have at least one physical description and one personality description for each major character
Stereotypes and break in stereotypes of major characters
Setting
- Geographical (city/state/country)
Time period (year/time of year/day/time of day)Specific (house/village, etc)
Cultural (any prevailing social/ political /religious conditions that affect/ influence the story )
Narrator
- Is it internal (one of the characters in the story)Or is it external (someone outside the story)Which do you prefer and why?
Images/Symbols- Images or symbols used (must have at least one human and one non-human) Must explain what each one symbolizes.
Theme/Message-
What is the main message of the story? Explain how you arrived at your answer.
Conclusion (1 Para, exactly 10 lines)
Length: 4 pages
(not counting Works Cited)
Length starts with first word of intro para (NOT top of first page)
Make sure on each full page you have 23 lines total; otherwise, you will have to make up those lines on the last page to meet the minimum length requirement.
must be original writing and no plagiarism and cannot use any other website then the short story that is provided.
sample of essay example provided below.
.
Andy Sylvan was the assistant director of the community developm.docxjack60216
Andy Sylvan was the assistant director of the community development department of the city of Greenwood. Greenwood was an outer suburb of the capital city, and while most of its citizens were affluent, it did have a pocket of residential poverty near a riverbank across from an urban industrial complex. Sylvan was active in writing grant proposals for both federal and state funding of a redevelopment project. One of his state grant applications was successful, and the state government awarded a block grant of $3 million for renovation of the area. The renovation money would permit the community development department to purchase land and build a park near the area’s elementary school, to pave several streets, and to improve the storm drainage system. Money would also be available to bring plumbing systems in several homes up to code standards. Sylvan’s boss, Rose Almindinger, was a political appointee who was well connected to leaders of the local Republican Party.
While she had had administrative experience with a construction firm, she had never been in charge of financial affairs in any sense beyond balancing her personal checkbook. One has to seriously question if she did that very well. What she seemed not to understand was that the moneys that came from state grants were not to be mixed with her private bank accounts. Almindinger was sort of like George Washington Plunkitt
1
in that she believed in honest graft, that is, when she saw her opportunity, she took it. The grant and its block structure sure looked like an opportunity. After all, just what is community development? Almindinger saw a chance to arrange bids for street construction so that her former company could win the business at a higher price than others would charge. A glaring loophole in the grant system seemed to suggest that she could award contracts without going through the city’s purchasing and bidding systems. She also found leeway to attend a conference on park development in Hawaii on the state’s dollar. A friend of hers ran a travel agency and she was more than anxious to help Rose. In fact, she told Almindinger that she could bill her for travel expenses for both her and her husband in a way that it would appear that all airline costs were for one person. The two enjoyed 7 days on Maui, all expenses paid by the city, while Mrs. Rose Almindinger made brief appearances at the 2-day conference. Almindinger also hired four political friends for temporary jobs on grant projects, paying them $40 an hour. No one managed the four, and only Almindinger received reports of their work. Their employment cost the grant $30,000 in just 2 months.
While there was evidence of some improvements being made in the grant project neighborhood, rumors of waste, fraud, and abuse started to circulate. One of Almindinger’s appointees had a penchant to be verbally abusive to certain assistants in the department office, and the assistants had contacted the city personnel director. Sylvan.
Annotated Bibliography Althaus, F. U.S. Maternal Morta.docxjack60216
Annotated Bibliography
Althaus, F. “U.S. Maternal Mortality Has Continued Its Decline, but Risk Remains Higher
among Minority Women.” Family Planning Perspective, vol. 23, no. 3, May 1991, pp.
140–141. EBSCOhost, doi: 10.2307/2135829.
According to the article by F. Althaus, the development in the American health system
has continuously transformed the health sector and the delivery environment among expectant
mothers. When compared to the previous era, expectant White-American mothers are delivering
safely, specifically those who live in states where the quality of health infrastructure and services
are high. Unfortunately, though, the population of people of color’s maternal mortality rate is
increasingly reporting the highest in minority communities due to the low quality of health
infrastructure and services in their living environments. Althaus presents that both maternal and
child mortality rates among Black mothers are three times that of Whites. This author stretches
the discussion to address the long history of birth oppression among Black mothers and the
strategies that have been applied to suppress these oppressions. The author outlines that the
Black, marginalized, population contributes significantly to the American ecosystem. Therefore,
providing quality service, especially for the expectant mothers of color, should be something the
federal government sees as a must do instead of coming up with illegal family planning
approaches with a hidden agendas. It is imperative that equity prevails for all races during
maternity and childbirth.
El Sayed, Abdulrahman M., et al.: Social Environment, Genetics, and Black-White
Disparities in Infant Mortality."Paediatric & Perinatal Epidemiology, Vol.29. no.6.
November.2015.pp.546-551.EBSCOhost.doi:10.1111/ppe.12227
The above article presents information on genetics and one’s surroundings as the factors
that interplay and produce the wellness of the population within a given place. The article
discusses parental race differences and vulnerabilities of infant mortality rates through studying
how genes and a person’s environment could shape these perinatal vulnerabilities. El Sayed
found that the dynamic of child deaths continue to increase among the black community with
said improvement in the health sector impacting only the white population. Instead of genetics
being the main impact on child deaths, it is shown that race-driven prejudice and structural
socio-economic opportunities of social surroundings is a great explanation of why there are
racial differences in infant mortality rates. Despite these factors being proven to be contributing
to the number of deaths among infants, the government does little to address the associated risk
factors. The author recommends that the federal government could mitigate the social factors and
introduce more diverse healthcare providers to promote wellness among Black-American
expectant mothers.
.
Ann, a community nurse, made an afternoon home visit with Susan and .docxjack60216
Ann, a community nurse, made an afternoon home visit with Susan and her father. After the death of her mother, Susan had growing concerns about her father living alone. "I worry about my father all the time. He is becoming more forgetful and he has trouble seeing. Mom used to take care of him. I am not sleeping and I am irritable around him. Yesterday I shouted at him because he wouldn't let me help him with his laundry. I felt terrible! I am at my wits' end! My brothers and sisters do not want to put dad in a nursing home but they are not willing to help out. As usual, they have left me with all the responsibility. I work part time and have two small children to care for.” Susan's father, Sam, sat quietly with tears filling his eyes. He was well nourished and well-groomed but would not make eye contact. Nurse Ann noticed that the house was clean and orderly. A tray in front of the TV had the remains of a ham sandwich and glass of ice tea. Mail was piled up, unopened on a small table near the front door. There was only one car in the driveway and the yard was in need of attention.
.
Andrea Walters Week 2 Main Post The key functional area of n.docxjack60216
Andrea Walters' Week 2 Main Post: The key functional area of nursing informatics relevant to me is education and consultant. Education is relevant as newly hired nurses need education to be competent with the electronic health records (EHR) used in the specialty. I precept nurses new to oncology and educate them on how informatics is used in oncology, how data is placed into the EHRs and how then used by informaticists. Consultant is relevant when there has been an issue, I have been used as a consultant and a liaison between nursing science and computer science. I have given my knowledge to the EHR developers on how they may better serve other oncology practices. Although I have been used as a consultant, oncology is constantly changing. Technology informatics guiding education reform (TIGER) has core competencies for specific areas. One core competency area under direct patient care is enhance information and knowledge management (Hubner et al., 2018). This competency will aid me to become more proficient in oncology and using a database by engaging in researching upcoming and new evidence-based practice. This competency is necessary to help identify problems and become part of the solution instead of waiting on the organization to develop solutions. The plan for developing this competency is to subscribe to an oncology journal, such as The Oncology Nurse to further my education outside of work, and research evidence-based practice through the organization’s research database, CINHAL. I will set aside 30 minutes twice weekly to research and read to develop this competency. Developing this competency will help refine and improve my skills and move from being a good to an expert nurse consultant and educator. Continuing education concentrating on informatics is necessary for all nurses in order to productively participate with content and dialogue that correlates to the informatics realm as nursing informatics is a rapidly changing field (Yen, Kennedy, Phillips & Collin, 2017). References Hubner, U., Shaw, T., Thye, J., Egbert, N., Marin, H., Chang, P., ... Ball, M. (2018). Technology informatics guiding education -TIGER. Methods of Information in Medicine, 57(S 01), e30-342. doi: 10.3414/ME17-01-0155 Yen, P., Kennedy, M., Phillips, A., & Collins, S. (2017). Nursing informatics competency assessment for the nurse leader. The Journal of Nursing Administration, 47(5), 271-277. doi: 10.1097/NNA.0000000000000478
.
and emergency CPR all changed ways of thinking about risk of death.docxjack60216
and emergency CPR all changed ways of thinking about risk of death, so too did the idea of organs moving among family members, friends, or even strangers open up social and familial obligations to being expressed via emerging medical-technical means.” (p. 166)
Using this quote as a point of entry, write about 2-3 pages (double-spaced) about how the practice of medicine in the US has “opened up” new ways of living in a world imbued with social, cultural and political meanings and values. You can use any examples and materials you want (either covered in class or not). Make sure you quote your sources.
Choose a picture that best illustrates for you the social and/or cultural and/or political significance of the Covid-19 public health crisis. It can be a picture taken by you or found somewhere else (mention the sources either way). Write a mini-essay of about 200 words, explaining why that particular image captures, in your opinion, something important about the pandemic. Give a title to your mini-essay. Be as creative as you would like. Upload the picture and the text in one document.
BOTH prompts are mandatory. Upload them on BlueLine by November 24 at 5 pm.
.
analyze, and discuss emerging ICT tools and technologies present.docxjack60216
analyze, and discuss emerging ICT tools and technologies presenting the potential to enhance policy making. Visualization tool are discussed in
Visualization tools help users better understand data and provide a more meaningful view in context, especially by presenting data in a graphical form.
Produce a definition of data visualization. Explain how it caters to the perceptual abilities of humans.
Describe three challenges data visualization researchers face when trying to use visualization tools to reinforce the policy-making process. Suggest solutions to conquer these three challenges.
Initial Post:
Create a new thread. As indicated above, (1) Produce a definition of data visualization. Explain how it caters to the perceptual abilities of humans. (2) Describe three challenges data visualization researchers face when trying to use visualization tools to reinforce the policy-making process. Suggest solutions to conquer these three challenges.
In order to receive full credit for the initial discussion post, you must include at least two citations (APA) from academic resources
.
Analyzing a Research ArticleNote Please complete this dis.docxjack60216
Analyzing a Research Article
Note
: Please complete this discussion before completing the assignment in this unit.
For this discussion, select one of the peer-reviewed
In your initial post:
Cite the article and provide your own analysis of it. Use the general outline for analyzing a research article from the Analyze Results page (link given in the resources).
State why this specific article is important to your course project.
Post according to the Faculty Expectations Response Guidelines. Be sure to include at least one APA-formatted citation (in-text plus full reference). The citation should be from materials you have read during this unit. It may be from course textbooks, assigned readings, or an outside source.
Overprescribing antiobics
References
Brink, A. J., Messina, A. P., Feldman, C., Richards, G. A., Becker, P. J., Goff, D. A., ... & Alliance, N. A. S. S. (2016). Antimicrobial stewardship across 47 South African hospitals: an implementation study.
The Lancet Infectious Diseases
,
16
(9), 1017-1025.
Dobson, E. L., Klepser, M. E., Pogue, J. M., Labreche, M. J., Adams, A. J., Gauthier, T. P., ... & Task, S. C. P. A. S. (2017). Outpatient antibiotic stewardship: Interventions and opportunities.
Journal of the American Pharmacists Association
,
57
(4), 464-473.
.
Analyze the Civil Rights Movement of the 1950s and 1960s. What p.docxjack60216
Analyze the Civil Rights Movement of the 1950s and 1960s. What progress did the movement make in the U.S. Supreme Court? How did southern segregationists react to the Court’s decisions? Who was Emmett Till, and what happened to him? Explain the Montgomery Bus Boycott and its impact. What style of protest did Martin Luther King, Jr. (MLK) and civil rights activists practice? How did college students become engaged in the movement? Who were the Freedom Riders? How did Civil Rights activists advocate for voting rights and address social and economic inequities in the United States? What is the legacy of the Civil Rights Movement?
.
Analytical Research Project InstructionsINFA 630 – Intrusion.docxjack60216
Analytical Research Project Instructions
INFA 630 – Intrusion Detection and Intrusion Prevention
Summary
This is a paper describing the results of an analytical research project, worth 25% of your total grade. Your paper should be 10-12 pages, double-spaced, exclusive of cover, title page, table of contents, endnotes and bibliography. Your paper must use APA formatting with the exception that tables and figures can be inserted at the appropriate location rather than added at the end. Following UMUC policy, all students must upload their papers to Turnitin.com (following instructions provided by your instructor), produce and review an originality report, and submit the final version of the paper to your Assignment Folder prior to the submission deadline.
Paper Topic Selection
Prior to writing your paper, you must submit a short, ungraded, topic proposal. You should submit your intended research paper topic by the end of Session 3. The purpose of this preliminary milestone is to provide your instructor the opportunity to confirm the appropriateness of your proposed topic, sufficiently early in the course to allow for topic revision if necessary. It will be helpful if you include, with your proposed paper topic, the sort of research you intend to do and any specific sources you may have already found or plan to use in researching your topic. Your instructor will provide feedback on the suitability of the proposed topic by the start of Session 5. Students who do not provide a proposed topic will be preparing their research papers "at risk;"
i.e.
, they will run the risk of delivering a paper reflecting research that is not suitable for this course.
Analytical Research Project
The purpose of the Research Project is to develop an in-depth understanding of the intrusion detection and/or prevention technology and the way in which such technology is used to protect specific computing environments against specific threats. To arrive at this understanding, your project may choose to follow either one of two analytical approaches:
1. Analysis of a tool or technique including functional applicability and limitations
2. Analysis of environmental security requirements and technologies to meet those requirements
Tool-centric Research
: Projects of the first type will focus on a specific tool, technique, or method used in intrusion detection or intrusion prevention. Choosing a topic for this type of project will mean selecting the tool you want to research and analyze and developing a research question or thesis statement that your research is intended to answer. The analysis for a tool-centric research project should emphasize the use and application of the tool, technique, or method rather than a simple explanation of its features. If you choose a product or tool with a broad set of capabilities, you may choose to provide an analysis of one or more aspects of the tool. The paper distills fundamental issues, focuses on one available solution, a.
Analyze the performance of the leadership of an organization (Netfli.docxjack60216
Analyze the performance of the leadership of an organization (Netflix). The focus of this paper (4-6 pages) will be on the actions taken by the corporate leadership in the face of the global financial crisis since 2007. For the purpose of assurance of learning, one score will be given, based on the articulation of the situation, interaction style, goal-setting process, and leadership behaviour. Figure out exactly what was the reaction to the difficult business environment. Just pick a few things (or even only one and go in detail).
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Analyze the subjective portion of the note. List additiona.docxjack60216
Analyze the subjective portion of the note. List additional information that should be included in the documentation.
Analyze the objective portion of the note. List additional information that should be included in the documentation.
Is the assessment supported by the subjective and objective information? Why or why not?
What diagnostic tests would be appropriate for this case, and how would the results be used to make a diagnosis?
Would you reject/accept the current diagnosis? Why or why not? Identify three possible conditions that may be considered as a differential diagnosis for this patient. Explain your reasoning using at least three different references from current evidence-based literature.
ABDOMINAL ASSESSMENT NOTE
Subjective:
• CC: “My stomach hurts, I have diarrhea and nothing seems to help.”
• HPI: JR, 47 yo WM, complains of having generalized abdominal pain that started 3 days ago. He has not taken any medications because he did not know what to take. He states the pain is a 5/10 today but has been as much as 9/10 when it first started. He has been able to eat, with some nausea afterwards.
• PMH: HTN, Diabetes, hx of GI bleed 4 years ago
• Medications: Lisinopril 10mg, Amlodipine 5 mg, Metformin 1000mg, Lantus 10 units qhs
• Allergies: NKDA
• FH: No hx of colon cancer, Father hx DMT2, HTN, Mother hx HTN, Hyperlipidemia, GERD
• Social: Denies tobacco use; occasional etoh, married, 3 children (1 girl, 2 boys)
Objective:
• VS: Temp 99.8; BP 160/86; RR 16; P 92; HT 5’10”; WT 248lbs
• Heart: RRR, no murmurs
• Lungs: CTA, chest wall symmetrical
• Skin: Intact without lesions, no urticaria
• Abd: soft, hyperactive bowel sounds, pos pain in the LLQ
• Diagnostics: None
Assessment:
• Left lower quadrant pain
• Gastroenteritis
.
Analyze the measures your state and local community have in pl.docxjack60216
Analyze the measures your state and local community have in place to prepare hospitals for two (2) different types of threats to public health. Question whether the design of these measures allows for the sufficient protection of the population in the face of an imminent threat. Justify your response.
Examine two to three (2-3) changes to the preparedness policies of your chosen state and federal government agencies. Determine the significant social, political, or environmental factors that have influenced these changes. Provide support for your rationale.
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Analyze two (2) advantages and two (2) disadvantages of creati.docxjack60216
Analyze two (2) advantages and two (2) disadvantages of creating portable learning assets for an LMS.
Research alternatives to Shareable Content Object Reference Model (SCORM). Determine at least one (1) alternative to SCORM and recommend a way for an organization of your choice to package its assets to make them portable. Explain your rationale.
.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
1. Eli- 16
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Print by: RANDALL LUCAS
ACC/ 291 - 40918999 I Week Four Assignment
E11-16
Before preparing financial statements for the current year, the
chief accountant for Springer Company
discovered the following errors in the accounts.
1. The declaration and payment of $50,000 cash dividend was
recorded as a debit to Interest
Expense $50,000 and a credit to Cash $50,000.
2. A 10% stock dividend (1,000 shares) was declared on the $10
par value stock when the market
value per share was $16. The only entry made was: Retained
Earnings (Dr.) $10,000 and
Dividend Payable (Cr.) $10,000. The shares have not been
issued.
3. A 4-for-i stock split involving the issue of 400,000 shares of
$5 par value common stock for
100,000 shares of $20 par value common stock was recorded as
a debit to Retained Earnings
$2,000,000 and a credit to Common Stock $2,000,000.
Prepare the correcting entries at December 31. (For multiple
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Print by: RANDALL LUCAS
ACC/291. - 40918999 / Week Five Assignment
P13-9A
Condensed financial data of Arma Inc. follow.
ARMA INC.
Comparative Balance Sheets
December 31
Assets 2011 2010
Cash $90,800 $48,400
Accounts receivable 92,800 33,000
Inventories 112,500 102,850
Prepaid expenses 28,400 26,000
Investments 138,000 114,000
Plant assets 270,000 242,500
Accumulated depreciation (50,000) (52,000)
Total $682,500 $514,750
Liabilities and Stockholders’ Eauitv
Accounts payable $112,000 $67,300
Accrued expenses payable 16,500 17,000
Bonds payable 110,000 150,000
Common stock 220,000 175,000
Retained earnings 224,000 105,450
Total $682,500 $514,750
ARMA INC.
Income Statement
4. For the Year Ended December 31, 2011
Sales $392,780
Less:
Cost of goods sold $135,460
Operating expenses, excluding depreciation 12,410
Depreciation expense 46,500
Income taxes 27,280
Interest expense 4,730
Loss on sale of plant assets 7,500 233,880
Net income $158,900
Additional information:
1. New plant assets costing $85,000 were purchased for cash
during the year.
2. Old plant assets having an original cost of $57,500 were sold
for $1,500 cash.
3. Bonds matured and were paid off at face value for cash.
4. A cash dividend of $40,350 was declared and paid during the
year.
Complete the statement of cash flows using the indirect method.
(List amounts from largest
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positive to smallest positive followed by most negative to least
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5. . 15, 14, 10, -17,
-5, -1. If amount decreases cash flow, use either a negative sign
pre
ceding the number e.g.
-45 or parentheses e.g. (45).)
ARMA INC.
Statement of Cash Flows
For the Year Ended December 31, 2011
I I
Adjustments to reconcile net income to net
cash provided by operating activities
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Net cash I by
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Cash flows from investing activities
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6. Cash flows from financing activities
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Net cash I I by
financing activities
Net1 I in cash
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Cash flows from operating activities
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ACC/ 291. - 40918999 / Week Four Assignment
E11-15
On October 31, the stockholders equity section of Omar
Company consists of common stock $600,000
and retained earnings $900,000. Omar is considering the
following two courses of action: (1) declaring a
5% stock dividend on the 60,000, $10 par value shares
outstanding, or (2) effecting a 2-for-i stock split
that will reduce par value to $5 per share. The current market
price is $14 per share.
Complete the tabular summary of the effects of the alternative
actions on the components of
stockholders equity and outstanding shares. (If answer is zero,
please enter 0. Do not leave any
fields blank.)
Stockholders equity
Paid-in capital
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P14-2A
The comparative statements of Villa Tool Company are
presented below.
VILLA TOOL COMPANY
Income Statement
For the Year Ended December 31.
2012 201.1.
Net sales $1,818,500 $1,750,500
Cost of goods sold 1,011,500 996,000
Gross profit 807,000 754,500
Selling and administrative expense 516,000 479,000
Income from operations 291,000 275,500
Other expenses and losses
Interest expense 18,000 14,000
Income before income taxes 273,000 261,500
Income tax expense 81,000 77,000
Net income $ 192,000 $ 184,500
VILLA TOOL COMPANY
Balance Sheets
December 31
14. Assets 2012 2011.
Current assets
Cash $ 60,100 $ 64,200
Short-term investments 69,000 50,000
Accounts receivable (net) 117,800 102,800
Inventory 123,000 115,500
Total current assets 369,900 332,500
Plant assets (net) 600,300 520,300
Total assets $970,200 $852,800
Liabilities and Stockholders Equity
Current liabilities
Accounts payable $160,000 $145,400
Income taxes payable 43,500 42,000
Total current liabilities 203,500 187,400
Bonds payable 200,000 200,000
Total liabilities 403,500 387,400
Stockholders equity
Common stock ($5 par) 280,000 300,000
Retained earnings 286,700 165,400
Total stockholders equity 566,700 465,400
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16. Condensed financial data of Arma Inc. follow.
ARMA INC.
Comparative Balance Sheets
December 31
Assets 2011 2010
Cash $90,800 $48,400
Accounts receivable 92,800 33,000
Inventories 112,500 102,850
Prepaid expenses 28,400 26,000
Investments 138,000 114,000
Plant assets 270,000 242,500
Accumulated depreciation (50,000) (52,000)
Total $682,500 $514,750
Liabilities and Stockholders’ Equity
Accounts payable $112,000 $67,300
Accrued expenses payable 16,500 17,000
Bonds payable 110,000 150,000
Common stock 220,000 175,000
Retained earnings 224,000 105,450
Total $682,500 $514,750
ARMA INC.
Income Statement
For the Year Ended December 31, 2011
Sales $392,780
Less:
Cost of goods sold $135,460
17. Operating expenses, excluding depredation 12,410
Depreciation expense 46,500
Income taxes 27,280
Interest expense 4,730
Loss on sale of plant assets 7,500 233,880
Net income $158,900
Additional information:
1. New plant assets costing $85,000 were purchased for cash
during the year.
2. Old plant assets having an original cost of $57,500 were sold
for $1,500 cash.
3. Bonds matured and were paid off at face value for cash.
4. A cash dividend of $40,350 was declared and paid during the
year.
Further analysis reveals that accounts payable pertain to
merchandise creditors.
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Complete the statement of cash flows for Arma Inc. using the
direct method. (List amounts from
largest positive to smallest positive followed by most negative
to least negative, e.g. 15, 14,
10, -17, -5, -1. If amount decreases cash flow for financing and
investing activities, use either
18. a negative sign preceding the number e.g. -45 or parentheses
e.g. (45). List all other
amounts as positive.)
ARMA INC.
Statement of Cash Flows
For the Year Ended December 31, 2011
I I
Less cash payments
Cash flows from investing activities
Net cash
activities
by investing
Cash flows from financing activities
I I
I I
I I
Net cash L
financing activities
Net I
Cash at beginning of period
Cash at end of period
20. companies. All rights reserved.
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E13-8
Here are comparative balance sheets for Taguchi Company.
TAGUCH! COMPANY
Comparative Balance Sheets
December 31
Assets 2011 2010
Cash $73,000 $22,000
Accounts receivable 85,000 76,000
tnventories 170,000 189,000
Land 75,000 100,000
Equipment 260,000 200,000
Accumulated depreciation (66,000) (32,000)
Total $597,000 $555,000
Liabilities and Stockholders Equity
Accounts payable $39,000 $47,000
Bonds payable 150,000 200,000
Common stock ($1 par) 216,000 174,000
21. Retained earnings 192,000 134,000
Total $597,000 $555,000
Additional information:
1. Net income for 2011 was $103,000.
2. Cash dividends of $45,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash
$50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2011, but land was sold at
cost.
Complete the statement of cash flows for 2011 using the
indirect method. (List amounts from largest
positive to smallest positive followed by most negative to least
negative, e.g. 15, 14, 10, -17,
-5, -1. If amount decreases cash flow, use either a negative sign
preceding the number e.g.
-45 or parentheses e.g. (45).)
TAGUCHI COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities
I I s I
Adjustments to reconcile net income
to net cash provided by operating activities
I I $1 I
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23. Question Attempts: 0 of 3 used
L
_____________________
Net cash I I by
operating activities
Cash flows from investing activities
J_j
Net cash I I by investing
activities
Cash flows from financing activities
I.
I
activities
j
1
_J I
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ACC/291 - 40918999 / Week Four Assignment
P11-6A
Arnold Corporation has been authorized to issue 40,000 shares
of $100 par value, 8°h, noncumulative
preferred stock and 2,000,000 shares of no-par common stock.
The corporation assigned a $5 stated
value to the common stock. At December 31, 2011, the ledger
contained the following balances
pertaining to stockholders equity.
Preferred Stock
Paid-in Capital in Excess of Par Value-Preferred
Common Stock
Paid-in Capital in Excess of Stated Value-Common
Treasury Stock-Common (1,000 shares)
Paid-in Capital from Treasury Stock
Retained Earnings
The preferred stock was issued for land having a fair market
value of $296,000. All common stock
issued was for cash. In November, 1,500 shares of common
stock were purchased for the treasury at a
per share cost of $22. In December, 500 shares of treasury stock
were sold for $28 per share. No
dividends were declared in 2011.
Prepare the journal entries for the: (For multiple debit/credit
entrjes, list amounts from largest
26. to smallest e.g. 10, 5, 3, 2.)
1. Issuance of preferred stock for land.
2. Issuance of common stock for cash.
3. Purchase of common treasury stock for cash.
4. Sale of treasury stock for cash.
L 1
$240,000
56,000
2,000,000
5,700,000
22,000
3,000
560,000
‘&ccount/DescriDtion Debiti Credit
I
— I Ii
:
I
I I Ii
[ i
E1i ii______________
1 i I I
ki______________________ ii
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Complete the stockholders equity section at December 31, 2011.
(Order multiple accounts in t
he
standard format used in the text. Enter all amounts as positive
amounts and subtract where
necessary.)
Stockholders’ equity
Paid-in capital
ARNOLD CORPORATION
I I
$1
noncumulative, L__
shares authorized,
outstanding
I I,
sL J stated value,
shares authorized
29. I shares issued and $1__
Total capital stock
I joutstanding I I
I I
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ACC/ 291 - 40918999 / Week Four Assignment
P11-8A
The following stockholders equity accounts arranged
alphabetically are in the ledger of McGrath
Corporation at December 31, 2011.
Complete the stockholders equity section at December 31, 2011.
(List entries by the format used in
the text. Enter all amounts as positIve amounts and subtract
where necessary.)
I I
I I,
$L j par noncumulative
L
outstanding
30. Total capital stock
I I
I I
I I
] shares issued and
j stated value,
shares issued and
outstanding
Total additional paid-in capital
Total paid-in capital
$1
I
Common Stock ($10 stated value)
Paid-in Capital from Treasury Stock
Paid-in Capital in Excess of Stated Value-Common Stock
Paid-in Capital in Excess of Par Value-Preferred Stock
Preferred Stock (8%, $100 par, noncumulative)
Retained Earnings
Treasury Stock-Common (8,000 shares)
$1,500,000
6,000
690,000
288,400
