Exercise 7-2
Presented below are a number of independent situations.
For each individual situation, determine the amount that should be reported as cash.
1.
Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180.
Cash balance
$
2.
Merchandise costing $2,800 was received on January 3, 2015, and the related purchase invoice recorded January 5. The invoice showed the shipment was made on December 29, 2014, f.o.b. destination.
3.
A packing case containing a product costing $3,400 was standing in the shipping room when the physical inventory was taken. It was not included in the inventory because it was marked “Hold for shipping instructions.” Your investigation revealed that the customer’s order was dated December 18, 2014, but that the case was shipped and the customer billed on January 10, 2015. The product was a stock item of your client.
4.
Merchandise received on January 6, 2015, costing $680 was entered in the purchases journal on January 7, 2015. The invoice showed shipment was made f.o.b. supplier’s warehouse on December 31, 2014. Because it was not on hand at December 31, it was not included in inventory.
5.
Merchandise costing $720 was received on December 28, 2014, and the invoice was not recorded. You located it in the hands of the purchasing agent; it was marked “on consignment.”
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Exercise 8-13
Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.
June 1
Balance
300 units @ $10
June 10
Sold
200 units @ $24
11
Purchased
800 units @ $12
15
Sold
500 units @ $25
20
Purchased
500 units @ $13
27
Sold
300 units @ $27
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Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.
(1)
LIFO
(2)
FIFO
Cost of Goods Sold
$
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$
[removed]
Ending Inventory
$
[removed]
$
[removed]
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Link to Text
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Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO?
The ending inventory at LIFO
$
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Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO?
Gross Profit (FIFO)
$
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ACC 557 – Homework 2 Chapters 4, 5, and 6 Due Week 4 and wo.docxannetnash8266
This document analyzes Donatello's bronze sculptures of David and Judith and Holofernes that were displayed in the Medici Palace courtyard and garden from the 1460s-1490s. The author argues that through their iconography and inscriptions, which referenced tyrant slayers from Greek and Roman sources, the sculptures were intended to portray the Medici family as defenders of Florentine liberty and suggest they had embraced republican values, despite accusations they had become tyrants. The location and arrangement of the statues in the most public spaces of the palace, which served as the seat of Florentine political power, reinforced this message to viewers.
Directions Answer the following questions on a separate Microsoft.docxtenoelrx
Directions: Answer the following questions on a separate
Microsoft Word or Excel
document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link
in Blackboard
.
Exercises
E
4
-
7
.
Kay Magill Company had the following adjusted trial balance.
Instructions
a)
Prepare closing entries at June 30, 2015.
b)
Prepare a post-closing trial balance.
E
4
-
13
.
Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
1.
A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.
2.
The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.
3.
A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.
Instructions
Prepare the correcting entries.
E
5-4
.
On June 10,
Tuzun
Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms
2/10
,
n
/30.
Tuzun
pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19,
Tuzun
pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Instructions
a)
Prepare separate entries for each transaction on the books of
Tuzun
Company.
b)
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by
Tuzun
on June 10 had cost Epps $4,800.
E
5
-7.
Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000, Inventory $15,000, Operating
Expenses $29,000, Sales Revenue $115,000, Sales Discounts
$
1,200,
and Sales Returns and Allowances $1,700. A physical count of inventory determines that
m
erchandise inventory on hand is $13,900.
Instructions
a)
Prepare the adjusting entry necessary as a result of the physical count.
b)
Prepare closing entries.
E
6-
1
.
Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following.
1.
Josef sold goods costing $38,000 to
Sorci
Company, FOB shipping point,
on December 28.
The goods are not expected to arrive at
Sorci
until January 12.
The goods were not included in the physical inventory because they were not in the warehouse.
2.
The physical count of the inventory did not include goods costing $95,000 that were shipped to Josef FOB destination
on December 27
and were still in transit at year-end.
3.
Josef received goods costing $22,000
on January 2.
The goods were shipped FOB shipping poin.
1. True or false. Unlike a merchandising business, a manufacturingAbbyWhyte974
1. True or false. Unlike a merchandising business, a manufacturing business uses multiple inventory accounts to reflect the cost of raw materials, partially completed goods, and finished goods.
TRUE
FALSE
2.5 points
QUESTION 2
1. For a manufacturing business, the finished goods inventory account reflects the cost of what?
Shipping
Partially completed goods
Completed goods
Raw materials
2.5 points
QUESTION 3
1. Super Goods, an electronics retailer, purchases $80,000 worth of computers from a manufacturer in Taiwan. The terms of the purchase are FOB shipping point. Freight costs total $9,000. The goods are shipped on June 1 and delivered on June 15. On June 1, which two accounts should be debited by Super Goods in the following journal entry? Date Account Dr. Cr. 6-01-XX 80000.00 9000.00 Accounts Payable 89000.00
Inventory and Freight-out
Accounts Receivable and Freight-out
Inventory and Freight-in
Accounts Receivable and Freight-in
2.5 points
QUESTION 4
1. At the time of shipment, goods that are purchased FOB shipping point are
reported on the seller's balance sheet.
considered the responsibility of the buyer.
designated as freight-out.
categorized as partially completed inventory.
2.5 points
QUESTION 5
1. On February 15, a buyer purchases $30,000 worth of goods from a manufacturer. The manufacturer offers the buyer a 3% discount ($900) if payment for the goods is made within 10 days. The buyer pays for the merchandise on February 20. In a journal entry, the seller should debit ________ and credit ________ for $900.
Sales; Purchase Discounts
Accounts Receivable; Sales
Sales; Accounts Receivable
Accounts Payable; Inventory
2.5 points
QUESTION 6
1. A buyer receives a sales discount from a seller for paying for purchased goods within a specific period of time. In what way does the sales discount affects the buyer?
Reducing freight-in costs
Reducing the cost of inventory
Increasing freight-out costs
Increasing the cost of inventory
2.5 points
QUESTION 7
1. For a manufacturing business, the __________ inventory account reflects the cost of products that have been manufactured and are ready to be sold.
Raw materials
Work-in-process
Freight-in
Finished goods
2.5 points
QUESTION 8
1. Which term refers to goods that a merchandising business purchases and resells?
Inputs
Frieght
Supplies
Inventory
2.5 points
QUESTION 9
1. On February 15, a buyer purchases $10,000 worth of goods from a manufacturer, who spent $5,000 to manufacture the goods. The terms of sale are FOB shipping point, and shipping costs are $800. The goods will be shipped on June 1. The manufacturer must make two journal entries on June 1. In the second journal entry, the manufacturer should debit ________ and credit ________. Date Account Dr. Cr. 6-01-XX Accounts Receivable 10,000.00 Cash 800.00 Sales 10,000.00 Date Account Dr. Cr. 6-01-XX 5,000.00 5,000.00
Cash; Cost of Goods Sold
Cost of Goods Sold; ...
1. True or false. Unlike a merchandising business, a manufacturingSantosConleyha
1. True or false. Unlike a merchandising business, a manufacturing business uses multiple inventory accounts to reflect the cost of raw materials, partially completed goods, and finished goods.
TRUE
FALSE
2.5 points
QUESTION 2
1. For a manufacturing business, the finished goods inventory account reflects the cost of what?
Shipping
Partially completed goods
Completed goods
Raw materials
2.5 points
QUESTION 3
1. Super Goods, an electronics retailer, purchases $80,000 worth of computers from a manufacturer in Taiwan. The terms of the purchase are FOB shipping point. Freight costs total $9,000. The goods are shipped on June 1 and delivered on June 15. On June 1, which two accounts should be debited by Super Goods in the following journal entry? Date Account Dr. Cr. 6-01-XX 80000.00 9000.00 Accounts Payable 89000.00
Inventory and Freight-out
Accounts Receivable and Freight-out
Inventory and Freight-in
Accounts Receivable and Freight-in
2.5 points
QUESTION 4
1. At the time of shipment, goods that are purchased FOB shipping point are
reported on the seller's balance sheet.
considered the responsibility of the buyer.
designated as freight-out.
categorized as partially completed inventory.
2.5 points
QUESTION 5
1. On February 15, a buyer purchases $30,000 worth of goods from a manufacturer. The manufacturer offers the buyer a 3% discount ($900) if payment for the goods is made within 10 days. The buyer pays for the merchandise on February 20. In a journal entry, the seller should debit ________ and credit ________ for $900.
Sales; Purchase Discounts
Accounts Receivable; Sales
Sales; Accounts Receivable
Accounts Payable; Inventory
2.5 points
QUESTION 6
1. A buyer receives a sales discount from a seller for paying for purchased goods within a specific period of time. In what way does the sales discount affects the buyer?
Reducing freight-in costs
Reducing the cost of inventory
Increasing freight-out costs
Increasing the cost of inventory
2.5 points
QUESTION 7
1. For a manufacturing business, the __________ inventory account reflects the cost of products that have been manufactured and are ready to be sold.
Raw materials
Work-in-process
Freight-in
Finished goods
2.5 points
QUESTION 8
1. Which term refers to goods that a merchandising business purchases and resells?
Inputs
Frieght
Supplies
Inventory
2.5 points
QUESTION 9
1. On February 15, a buyer purchases $10,000 worth of goods from a manufacturer, who spent $5,000 to manufacture the goods. The terms of sale are FOB shipping point, and shipping costs are $800. The goods will be shipped on June 1. The manufacturer must make two journal entries on June 1. In the second journal entry, the manufacturer should debit ________ and credit ________. Date Account Dr. Cr. 6-01-XX Accounts Receivable 10,000.00 Cash 800.00 Sales 10,000.00 Date Account Dr. Cr. 6-01-XX 5,000.00 5,000.00
Cash; Cost of Goods Sold
Cost of Goods Sold; ...
This document provides an outline and overview of key concepts from Chapter 6 of the textbook "Accounting Principles" related to inventories. It discusses how to classify inventory for merchandising vs manufacturing companies, determine inventory quantities through physical counts and rules of ownership, and apply different inventory cost flow methods (FIFO, LIFO, average cost). The effects of these cost flow methods on the financial statements are also examined through an example comparing the income statement impacts of each method.
The document provides information about inventory cost flow assumptions and calculations for Perkins Inc. for the month of October 2017. It asks the reader to calculate ending inventory, cost of goods sold, gross profit, and gross profit rate using LIFO, FIFO, and average costing methods. It also asks the reader to compare the results of the three methods and identify which method most closely approximates physical flow of inventory.
Directions Answer the following questions on a separate Micro.docxtenoelrx
Directions: Answer the following questions on a separate Microsoft Word or Excel document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in Blackboard.
Exercises
E4-7
.
Kay Magill Company had the following adjusted trial balance.
Instructions
Prepare closing entries at June 30, 2015.
Prepare a post-closing trial balance.
E4-13
.
Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.
The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.
A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.
Instructions
Prepare the correcting entries.
E5-4
.
On June 10, Tuzun Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms 2/10, n/30. Tuzun pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Instructions
Prepare separate entries for each transaction on the books of Tuzun Company.
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by Tuzun on June 10 had cost Epps $4,800.
E5-7.
Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000, Inventory $15,000, Operating Expenses $29,000, Sales Revenue $115,000, Sales Discounts $1,200, and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $13,900.
Instructions
Prepare the adjusting entry necessary as a result of the physical count.
Prepare closing entries.
E6-1
.
Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following.
Josef sold goods costing $38,000 to Sorci Company, FOB shipping point, on December 28. The goods are not expected to arrive at Sorci until January 12. The goods were not included in the physical inventory because they were not in the warehouse.
The physical count of the inventory did not include goods costing $95,000 that were shipped to Josef FOB destination on December 27 and were still in transit at year-end.
Josef received goods costing $22,000 on January 2. The goods were shipped FOB shipping point on December 26 by Solita Co. The goods were not included in the.
1 The ending merchandise inventory for 2007 is the same as the be.docxdorishigh
1: The ending merchandise inventory for 2007 is the same as the beginning merchandise inventory for 2008.
True
False
2: If merchandise costing 2,500 dollars, terms FOB destination, 2/10, n/30, with prepaid transportation costs of 100 dollars, is paid within 10 days, the amount of the purchases discount is 50 dollars.
Also an example in the lecture notes. 2500 x .02 = $50.
True
False
3: Under the periodic inventory system, the merchandise inventory account continuously discloses the amount of inventory on hand.
True
False
4: From PR 6-5B, which of the following journal entries is correct for April 3?
a. (Debit) Merchandise Inventory 25,200 dollars
(Credit) Accounts Payable—Prescott Co. 25,200 dollars
b. (Debit) Merchandise Inventory 42,200 dollars
(Credit) Accounts Payable—Prescott Co.$42,200 dollars
c. (Debit) Merchandise Inventory 25,000 dollars
(Credit) Accounts Payable—Prescott Co. 25,000 dollars
d. (Debit) Merchandise Inventory 42,000 dollars
(Credit) Accounts Payable—Prescott Co. 42,000 dollars
5: From PR 6-5B, which of the following journal entries is correct for April 24?
a. (Debit) Accounts Receivable—Alma Co.8,200 dollars
(Credit) Sales 8,200 dollars
b. (Debit) Accounts Receivable—Alma Co.9,200 dollars
(Credit) Sales 9,200 dollars
c. (Debit) Accounts Receivable—Alma Co.10,200 dollars
(Credit) Sales 10,200 dollars
d. (Debit) Sales 9,200 dollars
(Credit) Accounts Receivable—Alma Co.9,200 dollars
6: From EX 7-7, the total cost of ending inventory according to (a) FIFO is:
a. 19,000 dollars
b. 19,100 dollars
c. 19,200 dollars
d. 19,300 dollars
7: From EX 7-8, the inventory cost by (b) the LIFO method is:
a. 6,515 dollars
b. 6,313 dollars
c. 6,715 dollars
d. 6,414 dollars
8: From EX 7-8, the inventory cost by (C) the Average Cost method is:
a. 7,250 dollars
b. 7,350 dollars
c. 7,360 dollars
d. 7,390 dollars
9: Appendix EX 7-19, the April 30 cost of merchandise inventory is:
a. 161,000 dollars
b. 163,000 dollars
c. 165,000 dollars
d. 167,000 dollars
10: Appendix EX 7-21, estimated ending merchandise inventory is:
a. 270,000 dollars
b. 271,000 dollars
c. 272,000 dollars
d. 273,000 dollars
2.
(No template needed)
a.
b.
3.
(No template needed)
a.
b.
c.
4.
Merchandise available for sale
Less cost of merchandise sold
Estimated ending merchandise inventory $
5.
Cost
Retail
Merchandise inventory, April 1
$ 180,000
$ 300,000
Purchases in April (net)
1,200,000
2,000,000
Merchandise available for sale
Ratio of cost to retail price:
=
Sales for September (net)
Merchandise inventory, April 30, at retail
Multiply by ratio of cost to retail price:
x
Merchandise inventory, April 30, at estimated cost
The following were selected from among the transactions completed by Calworks Company during April of ...
ACC 557 – Homework 2 Chapters 4, 5, and 6 Due Week 4 and wo.docxannetnash8266
This document analyzes Donatello's bronze sculptures of David and Judith and Holofernes that were displayed in the Medici Palace courtyard and garden from the 1460s-1490s. The author argues that through their iconography and inscriptions, which referenced tyrant slayers from Greek and Roman sources, the sculptures were intended to portray the Medici family as defenders of Florentine liberty and suggest they had embraced republican values, despite accusations they had become tyrants. The location and arrangement of the statues in the most public spaces of the palace, which served as the seat of Florentine political power, reinforced this message to viewers.
Directions Answer the following questions on a separate Microsoft.docxtenoelrx
Directions: Answer the following questions on a separate
Microsoft Word or Excel
document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link
in Blackboard
.
Exercises
E
4
-
7
.
Kay Magill Company had the following adjusted trial balance.
Instructions
a)
Prepare closing entries at June 30, 2015.
b)
Prepare a post-closing trial balance.
E
4
-
13
.
Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
1.
A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.
2.
The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.
3.
A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.
Instructions
Prepare the correcting entries.
E
5-4
.
On June 10,
Tuzun
Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms
2/10
,
n
/30.
Tuzun
pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19,
Tuzun
pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Instructions
a)
Prepare separate entries for each transaction on the books of
Tuzun
Company.
b)
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by
Tuzun
on June 10 had cost Epps $4,800.
E
5
-7.
Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000, Inventory $15,000, Operating
Expenses $29,000, Sales Revenue $115,000, Sales Discounts
$
1,200,
and Sales Returns and Allowances $1,700. A physical count of inventory determines that
m
erchandise inventory on hand is $13,900.
Instructions
a)
Prepare the adjusting entry necessary as a result of the physical count.
b)
Prepare closing entries.
E
6-
1
.
Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following.
1.
Josef sold goods costing $38,000 to
Sorci
Company, FOB shipping point,
on December 28.
The goods are not expected to arrive at
Sorci
until January 12.
The goods were not included in the physical inventory because they were not in the warehouse.
2.
The physical count of the inventory did not include goods costing $95,000 that were shipped to Josef FOB destination
on December 27
and were still in transit at year-end.
3.
Josef received goods costing $22,000
on January 2.
The goods were shipped FOB shipping poin.
1. True or false. Unlike a merchandising business, a manufacturingAbbyWhyte974
1. True or false. Unlike a merchandising business, a manufacturing business uses multiple inventory accounts to reflect the cost of raw materials, partially completed goods, and finished goods.
TRUE
FALSE
2.5 points
QUESTION 2
1. For a manufacturing business, the finished goods inventory account reflects the cost of what?
Shipping
Partially completed goods
Completed goods
Raw materials
2.5 points
QUESTION 3
1. Super Goods, an electronics retailer, purchases $80,000 worth of computers from a manufacturer in Taiwan. The terms of the purchase are FOB shipping point. Freight costs total $9,000. The goods are shipped on June 1 and delivered on June 15. On June 1, which two accounts should be debited by Super Goods in the following journal entry? Date Account Dr. Cr. 6-01-XX 80000.00 9000.00 Accounts Payable 89000.00
Inventory and Freight-out
Accounts Receivable and Freight-out
Inventory and Freight-in
Accounts Receivable and Freight-in
2.5 points
QUESTION 4
1. At the time of shipment, goods that are purchased FOB shipping point are
reported on the seller's balance sheet.
considered the responsibility of the buyer.
designated as freight-out.
categorized as partially completed inventory.
2.5 points
QUESTION 5
1. On February 15, a buyer purchases $30,000 worth of goods from a manufacturer. The manufacturer offers the buyer a 3% discount ($900) if payment for the goods is made within 10 days. The buyer pays for the merchandise on February 20. In a journal entry, the seller should debit ________ and credit ________ for $900.
Sales; Purchase Discounts
Accounts Receivable; Sales
Sales; Accounts Receivable
Accounts Payable; Inventory
2.5 points
QUESTION 6
1. A buyer receives a sales discount from a seller for paying for purchased goods within a specific period of time. In what way does the sales discount affects the buyer?
Reducing freight-in costs
Reducing the cost of inventory
Increasing freight-out costs
Increasing the cost of inventory
2.5 points
QUESTION 7
1. For a manufacturing business, the __________ inventory account reflects the cost of products that have been manufactured and are ready to be sold.
Raw materials
Work-in-process
Freight-in
Finished goods
2.5 points
QUESTION 8
1. Which term refers to goods that a merchandising business purchases and resells?
Inputs
Frieght
Supplies
Inventory
2.5 points
QUESTION 9
1. On February 15, a buyer purchases $10,000 worth of goods from a manufacturer, who spent $5,000 to manufacture the goods. The terms of sale are FOB shipping point, and shipping costs are $800. The goods will be shipped on June 1. The manufacturer must make two journal entries on June 1. In the second journal entry, the manufacturer should debit ________ and credit ________. Date Account Dr. Cr. 6-01-XX Accounts Receivable 10,000.00 Cash 800.00 Sales 10,000.00 Date Account Dr. Cr. 6-01-XX 5,000.00 5,000.00
Cash; Cost of Goods Sold
Cost of Goods Sold; ...
1. True or false. Unlike a merchandising business, a manufacturingSantosConleyha
1. True or false. Unlike a merchandising business, a manufacturing business uses multiple inventory accounts to reflect the cost of raw materials, partially completed goods, and finished goods.
TRUE
FALSE
2.5 points
QUESTION 2
1. For a manufacturing business, the finished goods inventory account reflects the cost of what?
Shipping
Partially completed goods
Completed goods
Raw materials
2.5 points
QUESTION 3
1. Super Goods, an electronics retailer, purchases $80,000 worth of computers from a manufacturer in Taiwan. The terms of the purchase are FOB shipping point. Freight costs total $9,000. The goods are shipped on June 1 and delivered on June 15. On June 1, which two accounts should be debited by Super Goods in the following journal entry? Date Account Dr. Cr. 6-01-XX 80000.00 9000.00 Accounts Payable 89000.00
Inventory and Freight-out
Accounts Receivable and Freight-out
Inventory and Freight-in
Accounts Receivable and Freight-in
2.5 points
QUESTION 4
1. At the time of shipment, goods that are purchased FOB shipping point are
reported on the seller's balance sheet.
considered the responsibility of the buyer.
designated as freight-out.
categorized as partially completed inventory.
2.5 points
QUESTION 5
1. On February 15, a buyer purchases $30,000 worth of goods from a manufacturer. The manufacturer offers the buyer a 3% discount ($900) if payment for the goods is made within 10 days. The buyer pays for the merchandise on February 20. In a journal entry, the seller should debit ________ and credit ________ for $900.
Sales; Purchase Discounts
Accounts Receivable; Sales
Sales; Accounts Receivable
Accounts Payable; Inventory
2.5 points
QUESTION 6
1. A buyer receives a sales discount from a seller for paying for purchased goods within a specific period of time. In what way does the sales discount affects the buyer?
Reducing freight-in costs
Reducing the cost of inventory
Increasing freight-out costs
Increasing the cost of inventory
2.5 points
QUESTION 7
1. For a manufacturing business, the __________ inventory account reflects the cost of products that have been manufactured and are ready to be sold.
Raw materials
Work-in-process
Freight-in
Finished goods
2.5 points
QUESTION 8
1. Which term refers to goods that a merchandising business purchases and resells?
Inputs
Frieght
Supplies
Inventory
2.5 points
QUESTION 9
1. On February 15, a buyer purchases $10,000 worth of goods from a manufacturer, who spent $5,000 to manufacture the goods. The terms of sale are FOB shipping point, and shipping costs are $800. The goods will be shipped on June 1. The manufacturer must make two journal entries on June 1. In the second journal entry, the manufacturer should debit ________ and credit ________. Date Account Dr. Cr. 6-01-XX Accounts Receivable 10,000.00 Cash 800.00 Sales 10,000.00 Date Account Dr. Cr. 6-01-XX 5,000.00 5,000.00
Cash; Cost of Goods Sold
Cost of Goods Sold; ...
This document provides an outline and overview of key concepts from Chapter 6 of the textbook "Accounting Principles" related to inventories. It discusses how to classify inventory for merchandising vs manufacturing companies, determine inventory quantities through physical counts and rules of ownership, and apply different inventory cost flow methods (FIFO, LIFO, average cost). The effects of these cost flow methods on the financial statements are also examined through an example comparing the income statement impacts of each method.
The document provides information about inventory cost flow assumptions and calculations for Perkins Inc. for the month of October 2017. It asks the reader to calculate ending inventory, cost of goods sold, gross profit, and gross profit rate using LIFO, FIFO, and average costing methods. It also asks the reader to compare the results of the three methods and identify which method most closely approximates physical flow of inventory.
Directions Answer the following questions on a separate Micro.docxtenoelrx
Directions: Answer the following questions on a separate Microsoft Word or Excel document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in Blackboard.
Exercises
E4-7
.
Kay Magill Company had the following adjusted trial balance.
Instructions
Prepare closing entries at June 30, 2015.
Prepare a post-closing trial balance.
E4-13
.
Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.
The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.
A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.
Instructions
Prepare the correcting entries.
E5-4
.
On June 10, Tuzun Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms 2/10, n/30. Tuzun pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Instructions
Prepare separate entries for each transaction on the books of Tuzun Company.
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by Tuzun on June 10 had cost Epps $4,800.
E5-7.
Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000, Inventory $15,000, Operating Expenses $29,000, Sales Revenue $115,000, Sales Discounts $1,200, and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $13,900.
Instructions
Prepare the adjusting entry necessary as a result of the physical count.
Prepare closing entries.
E6-1
.
Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following.
Josef sold goods costing $38,000 to Sorci Company, FOB shipping point, on December 28. The goods are not expected to arrive at Sorci until January 12. The goods were not included in the physical inventory because they were not in the warehouse.
The physical count of the inventory did not include goods costing $95,000 that were shipped to Josef FOB destination on December 27 and were still in transit at year-end.
Josef received goods costing $22,000 on January 2. The goods were shipped FOB shipping point on December 26 by Solita Co. The goods were not included in the.
1 The ending merchandise inventory for 2007 is the same as the be.docxdorishigh
1: The ending merchandise inventory for 2007 is the same as the beginning merchandise inventory for 2008.
True
False
2: If merchandise costing 2,500 dollars, terms FOB destination, 2/10, n/30, with prepaid transportation costs of 100 dollars, is paid within 10 days, the amount of the purchases discount is 50 dollars.
Also an example in the lecture notes. 2500 x .02 = $50.
True
False
3: Under the periodic inventory system, the merchandise inventory account continuously discloses the amount of inventory on hand.
True
False
4: From PR 6-5B, which of the following journal entries is correct for April 3?
a. (Debit) Merchandise Inventory 25,200 dollars
(Credit) Accounts Payable—Prescott Co. 25,200 dollars
b. (Debit) Merchandise Inventory 42,200 dollars
(Credit) Accounts Payable—Prescott Co.$42,200 dollars
c. (Debit) Merchandise Inventory 25,000 dollars
(Credit) Accounts Payable—Prescott Co. 25,000 dollars
d. (Debit) Merchandise Inventory 42,000 dollars
(Credit) Accounts Payable—Prescott Co. 42,000 dollars
5: From PR 6-5B, which of the following journal entries is correct for April 24?
a. (Debit) Accounts Receivable—Alma Co.8,200 dollars
(Credit) Sales 8,200 dollars
b. (Debit) Accounts Receivable—Alma Co.9,200 dollars
(Credit) Sales 9,200 dollars
c. (Debit) Accounts Receivable—Alma Co.10,200 dollars
(Credit) Sales 10,200 dollars
d. (Debit) Sales 9,200 dollars
(Credit) Accounts Receivable—Alma Co.9,200 dollars
6: From EX 7-7, the total cost of ending inventory according to (a) FIFO is:
a. 19,000 dollars
b. 19,100 dollars
c. 19,200 dollars
d. 19,300 dollars
7: From EX 7-8, the inventory cost by (b) the LIFO method is:
a. 6,515 dollars
b. 6,313 dollars
c. 6,715 dollars
d. 6,414 dollars
8: From EX 7-8, the inventory cost by (C) the Average Cost method is:
a. 7,250 dollars
b. 7,350 dollars
c. 7,360 dollars
d. 7,390 dollars
9: Appendix EX 7-19, the April 30 cost of merchandise inventory is:
a. 161,000 dollars
b. 163,000 dollars
c. 165,000 dollars
d. 167,000 dollars
10: Appendix EX 7-21, estimated ending merchandise inventory is:
a. 270,000 dollars
b. 271,000 dollars
c. 272,000 dollars
d. 273,000 dollars
2.
(No template needed)
a.
b.
3.
(No template needed)
a.
b.
c.
4.
Merchandise available for sale
Less cost of merchandise sold
Estimated ending merchandise inventory $
5.
Cost
Retail
Merchandise inventory, April 1
$ 180,000
$ 300,000
Purchases in April (net)
1,200,000
2,000,000
Merchandise available for sale
Ratio of cost to retail price:
=
Sales for September (net)
Merchandise inventory, April 30, at retail
Multiply by ratio of cost to retail price:
x
Merchandise inventory, April 30, at estimated cost
The following were selected from among the transactions completed by Calworks Company during April of ...
- Torentino Book Warehouse had various book purchase and sale transactions throughout June under a perpetual inventory system. Transactions included purchases of books from publishers on account, sales of books to retailers on account, returns of books to publishers, payments to publishers, and receipts of payments from retailers.
- Tool Time Hardware Store had various merchandise purchase and sale transactions throughout May. Transactions included purchases and sales of merchandise on account and for cash, returns and allowances, payments to suppliers, and the purchase of supplies.
- Duff Department Store's trial balance at the end of November showed various expense, revenue, asset and liability accounts. Adjusting entries were needed for depreciation, prepaid insurance, and sales commissions. Closing
The document discusses accounting concepts for merchandising businesses including:
1. Net sales are from goods sold while cost of goods sold represents inventory costs. Gross profit is the difference between net sales and cost of goods sold.
2. Operating expenses are deducted from gross profit to calculate operating profit.
3. Cash discounts incentivize early payment while transportation costs depend on freight terms like FOB destination or shipping point.
4. Perpetual and periodic inventory systems record inventory purchases and sales differently. Perpetual updates inventory accounts continuously while periodic does not make entries until physical inventory count.
The document provides examples of accounting entries for various merchandising transactions including purchases, sales, returns,
6-‹#›Reporting and Analyzing InventoryKimmel ● Wey.docxtroutmanboris
6-‹#›
Reporting and Analyzing Inventory
Kimmel ● Weygandt ● Kieso
Financial Accounting, Eighth Edition
6
6-‹#›
CHAPTER OUTLINE
Discuss how to classify and determine
inventory.
1
Apply inventory cost flow methods and discuss their financial effects.
2
LEARNING OBJECTIVES
Explain the statement presentation and analysis of inventory.
3
6-‹#›
One Classification:
Merchandise Inventory
Three Classifications:
Raw Materials
Work in Process
Finished Goods
Merchandising Company
Manufacturing Company
▼ HELPFUL HINT Regardless of the classification, companies report all inventories under Current Assets on the balance sheet.
LEARNING OBJECTIVE
Discuss how to classify and determine inventory.
1
LO 1
6-‹#›
ACCOUNTING ACROSS THE ORGANIZATION
A Big Hiccup
JIT can save a company a lot of money, but it isn’t without risk. An unexpected disruption in the supply chain can cost a company a lot of money. Japanese automakers experienced just such a disruption when a 6.8-magnitude earthquake caused major damage to the company that produces 50% of their piston rings. The rings themselves cost only $1.50, but you cannot make a car without them. As a result, the automakers were forced to shut down production for a few days—a loss of tens of thousands of cars. Similarly, a major snowstorm halted production at the Canadian plants of Ford. A Ford spokesperson said, “Because the plants run with just-in-time inventory, we don’t have large stockpiles of parts sitting around. When you have a somewhat significant disruption, you can pretty quickly run out of parts.”
Sources: Amy Chozick, “A Key Strategy of Japan’s Car Makers Backfires,” Wall Street Journal (July 20, 2007); and Kate Linebaugh, “Canada Military Evacuates Motorists Stranded by Snow,” Wall Street Journal (December 15, 2010).
LO 1
6-‹#›
Physical Inventory taken for two reasons:
Perpetual System
Check accuracy of inventory records.
Determine amount of inventory lost due to wasted raw materials, shoplifting, or employee theft.
Periodic System
Determine the inventory on hand.
Determine the cost of goods sold for the period.
DETERMINING INVENTORY QUANTITIES
LO 1
6-‹#›
Involves counting, weighing, or measuring each kind of inventory on hand.
Taken,
when the business is closed or business is slow.
at the end of the accounting period.
Taking a Physical Inventory
LO 1
6-‹#›
ETHICS INSIGHT
Falsifying Inventory to Boost Income
Managers at women’s apparel maker Leslie Fay were convicted of falsifying inventory records to boost net income in an attempt to increase management bonuses. In another case, executives at Craig Consumer Electronics were accused of defrauding lenders by manipulating inventory records. The indictment said the company classified “defective goods as new or refurbished” and claimed that it owned certain shipments “from overseas suppliers” when, in fact, Craig either did not own the shipments or the shipments did not exist.
Leslie Fay
LO 1
6-‹#›
GOODS IN TRANSIT
Purch.
1.Kingbird, Inc. took a physical inventory on December 31 and deteTatianaMajor22
1.Kingbird, Inc. took a physical inventory on December 31 and determined that goods costing $230,000 were on hand. Not included in the physical count were $31,000 of goods purchased from Blue Spruce Corp., FOB, shipping point, and $20,500 of goods sold to Blossom Company for $30,000, FOB destination. Both the Blue Spruce purchase and the Blossom sale were in transit at year-end.
What amount should Kingbird report as its December 31 inventory?
Ending Inventory
2. In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 240 units at $3, (2) 340 units at $5, and (3) 440 units at $6. Assuming there are 140 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Sheridan Company uses a periodic inventory system.
FIFO
LIFO
The Ending Inventory
$Enter a dollar amount
$Enter a dollar amount
3. The Blue Spruce Company has just completed a physical inventory count at year end, December 31, 2022. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to $ 77,300. During the audit, the independent CPA discovered the following additional information:
(a)
There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $ 9,900. Because the goods had not arrived, they were excluded from the physical inventory count.
(b)
On December 27, 2022, a regular customer purchased goods for cash amounting to $ 1,150 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Blue Spruce Company had paid $ 575 for the goods and, because they were in storage, Blue Spruce included them in the physical inventory count.
(c)
Blue Spruce Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $ 3,300, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory.
(d)
On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $ 850 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count.
(e)
On December 31, 2022, Blue Spruce Company shipped $ 2,900 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count.
(f)
Blue Spruce Company, as the consignee, had goods on consignment that cost $ 2,900. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count.
...
The document provides details of transactions recorded in special journals for Cope Company in June and July. It asks questions to determine the balances of accounts receivable and accounts payable control accounts after postings for July, and to identify the accounts that various journal totals are posted to. It also provides instructions for exercises involving posting transactions to control and subsidiary accounts from special journals.
Question 1The following information applied to Frack Inc. fo.docxJUST36
Question 1
The following information applied to Frack Inc. for year 2:
Merchandise purchased for resale $400,000
Freight-in 10,000
Freight-out 5,000
Purchase returns 2,000
Frack's year 2 inventoriable cost was
a. $408,000
b. $404,000
c. $413,000
d. $400,000
Question 2
On December 28, year 2, Frack ManufacturingCo. purchased goods costing $50,000. The terms were FOB destination. Some of the costs incurred in connection with the sale
and delivery of the goods were as follows:
Packaging for shipment $1,000
Shipping 1,500
Special handling charges 2,000
These goods were received on December 31, year 2. In Frack's December 31, year 2 balance sheet, what amount of cost for these goods should be included in
inventory?
a. $53,500
b. $54,500
c. $52,000
d. $50,000
Question 3
The following information was taken fromFrack Co.'s accounting records for the year ended December 31, year 2:
Decrease in raw materials
inventory
$
15,000
Increase in finished goods
inventory
35,000
Raw material purchased 430,000
Direct labor payroll 200,000
Factory overhead 300,000
Freight-out 45,000
There was no work in process inventory at the beginning or end of the year. Frack's year 2 cost of goods sold is
a. $950,000
b. $895,000
c. $955,000
d. $910,000
Question 4
How should the following costs affect a retailer's inventory?
a. Freight-in Interest on inventory loan
No effect Increase
b. Freight-in Interest on inventory loan
No effect No effect
c. Freight-in Interest on inventory loan
Increase No effect
d. Freight-in Interest on inventory loan
Increase Increase
Question 5
When allocating costs to inventory produced for the period, fixed overhead should be based upon
a. The actual amounts of goods produced during the period.
b. The highest production levels in the last three periods.
c. The lowest production level in the last three periods.
d. The normal capacity of production facilities.
Question 6
Flip Co. recorded the following inventory information during the month of January:
Units Unit cost Total cost Units on hand
Balance on 1/1 2,000 $1 $2,000 2,000
Purchased on 1/8 1,200 3 3,600 3,200
Sold on 1/23 1,800 1,400
Purchased on 1/28 800 5 4,000 2,200
Flip uses the LIFOmethod to cost inventory.What amount should Flip report as inventory on January 31 under each of the following methods of recording inventory?
A. Perpetual Periodic
$2,600 $2,600
b. Perpetual Periodic
$2,600 $5,400
c. Perpetual Periodic
$5,400 $2,600
d. Perpetual Periodic
$5,400 $5,400
Question 7
The weighted-average for the year inventory cost flow method is applicable to which of the following inventory systems?
a. Periodic Perpetual
No No
b. Periodic Perpetual
Yes Yes
c. Periodic Perpetual
No Yes
d. Periodic Perpetual
Yes No
Question 8
During January year 2, Flip Co., whic ...
Sherif Consultant Group provides engineering consulting services. The document provides 25 transactions from January 1-25, 2019 to practice journalizing, posting to accounts, and preparing financial statements using the accounting equation and T-accounts. Key aspects covered include unearned and prepaid revenues, depreciation using straight-line method, and allowance method for estimating uncollectible accounts. The income statement shows net income of $12,000 and the balance sheet lists assets of $87,500 equal to liabilities and owner's equity.
The assistant summarizes the document by journalizing transactions in the purchases journal, cash payments journal, and general journal. Postings are made to the general and subsidiary ledgers. A trial balance is prepared which proves to the control accounts. Adjusting entries are prepared for supplies and depreciation expense, and an adjusted trial balance is presented.
ACC 291 GUIDE T Introduction Education--acc291guide.comagathachristie253
This document provides sample accounting problems and transactions to practice recording journal entries. It includes multiple choice questions and scenarios involving bank reconciliations, petty cash funds, cash receipts, unrecorded transactions, and more. The problems cover topics like establishing petty cash funds, reconciling book and bank balances, recording sales and returns, and adjusting journal entries.
This document provides homework assignments for an accounting course. It includes multiple questions related to inventory costing and valuation. Specifically, it asks the student to:
1) Analyze transactions near the closing date of an annual audit and determine which costs should be included in inventory.
2) Calculate inventory on different costing bases (FIFO, LIFO, weighted average) given purchases and sales data for a part over the month of April.
3) Calculate ending inventory using average unit costs when perpetual inventory is kept in dollars rather than units.
This document provides the details and instructions for ACC 557 Homework 1-5, including exercises and problems related to accounting principles. It includes instructions to record journal entries, post to ledger accounts, prepare adjusting entries, closing entries, income statements, and balance sheets. The homework covers topics such as preparing trial balances, analyzing transactions, calculating account balances, and solving accounting problems related to the annual accounting cycle.
This document provides an overview of inventory valuation methods. It begins with learning objectives related to identifying inventory classifications, distinguishing perpetual and periodic inventory systems, and understanding the treatment of inventory costs. The document then discusses the major classifications of inventory, physical goods included in inventory, and costs that make up inventory value. It also explains specific identification, average costing, FIFO, and LIFO inventory cost flow assumptions. The document concludes by comparing inventory valuation methods and explaining why companies select different methods.
Acc 290 final exam mcq`s correct answers 100%Austing_3
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
(New) final exam for acc 290 all correct answers 100%quikly11
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
Acc 290 final exam mcq`s correct answers 100%liamSali
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
(New) final exam for acc 290 all correct answers 100%liamSali
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
Page 6Page 1Name __________________________ Date ______.docxalfred4lewis58146
Page 6
Page 1
Name: __________________________ Date: _____________
Please select the best answer.
_____1.
On July 9, Sheb Company sells goods on credit to Wooley Company for $5,000, terms 1/10, n/60. Sheb receives payment on July 18. The entry by Sheb on July 18 is:
A)
Cash
5,000
Accounts Receivable
5,000
B)
Cash
5,000
Sales Discounts
50
Accounts Receivable
4,950
C)
Cash
4,950
Sales Discounts
50
Accounts Receivable
5,000
D)
Cash
5,050
Sales Discounts
50
Accounts Receivable
5,000
_____2.
The collection of a $1,000 account after the 2 percent discount period will result in a
A)
debit to Cash for $980.
B)
credit to Accounts Receivable for $1,000.
C)
credit to Cash for $1,000.
D)
debit to Sales Discounts for $20.
_____3.
Gross profit does not appear
A)
on a multiple-step income statement.
B)
on a single-step income statement.
C)
to be relevant in analyzing the operation of a merchandiser.
D)
on the income statement if the periodic inventory system is used because it cannot be calculated.
_____4.
During 2014, Parker Enterprises generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000.
Parker's gross profit is
A)
$24,000.
B)
$27,000.
C)
$45,000.
D)
$90,000.
_____5.
At the beginning of September, 2014, Stella Company reported Inventory of $8,000. During the month, the company made purchases of $35,600. At September 30, 2014, a physical count of inventory reported $8,400 on hand. Cost of goods sold for the month is
A)
$35,200.
B)
$35,600.
C)
$36,000.
D)
$43,600.
_____6.
The Freight-In account
A)
increases the cost of merchandise purchased.
B)
is contra to the Purchases account.
C)
is a permanent account.
D)
has a normal credit balance.
______7.
A company purchased inventory as follows:
150 units at $5
350 units at $6
The average unit cost for inventory is
A)
$5.00.
B)
$5.50.
C)
$5.70.
D)
$6.00.
______8.
A company just starting business made the following four inventory purchases in June:
June
1
150 units
$ 390
June
10
200 units
585
June
15
200 units
630
June
28
150 units
510
$2,115
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is
A)
$683.
B)
$825.
C)
$1,290.
D)
$1,432.
PART II — BASIC INVENTORY COMPUTATIONS (18 points)
9.
Joe Poultry uses a periodic inventory system. Its beginning inventory on May 1 consisted of 300 units of Product A at a cost of $6.25 per unit. During May, the following purchases and sales were made.
Purchases
Sales
May
6
300
units at $7.20
May
4
275
units
14
400
units at $9.10
8
300
units
21
100
units at $11.50
22
400
units
28
500
units at $11.80
24
225
units
1,300
1,200
Instructions: Compute the May 31 ending inventor.
Solki's Repair Shop had the following transactions in May: it invested $10,000 cash to start the business, purchased $5,000 of equipment, paid $400 for May rent, paid $500 for supplies, incurred $250 of advertising costs, received $6,100 from customers for repairs, withdrew $1,000 for personal use, paid employee salaries of $2,000, paid $170 for utilities, performed $750 worth of repairs on account, and collected $120 for those services.
Parental InfluencesMerging science and business, selective bre.docxPOLY33
The document discusses parental influences on genetically modifying human embryos. It notes that selective breeding of animals is common in science and business but asks if genetically modifying human children based on chosen characteristics is acceptable. The document states that an embryo can be modified to remove diseases, improve intelligence, determine gender and hair color. It encourages the reader to watch a video and discuss their thoughts on genetically modifying human embryos.
Part 1 Financial AcumenKeeping abreast of the financial measu.docxPOLY33
Part 1: Financial Acumen
Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time. Using Campbellsville University library link or other libraries and the Internet:
1. Review at least three (3) articles on financial acuity. Summarize the articles in 400 – 600 words. Use APA formatting throughout including in-text citations and references.
2. Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company's culture.
Part 2:
Sarbanes-Oxley
(SOX)
Write a 200-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:
A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX
.
More Related Content
Similar to Exercise 7-2Presented below are a number of independent situations.docx
- Torentino Book Warehouse had various book purchase and sale transactions throughout June under a perpetual inventory system. Transactions included purchases of books from publishers on account, sales of books to retailers on account, returns of books to publishers, payments to publishers, and receipts of payments from retailers.
- Tool Time Hardware Store had various merchandise purchase and sale transactions throughout May. Transactions included purchases and sales of merchandise on account and for cash, returns and allowances, payments to suppliers, and the purchase of supplies.
- Duff Department Store's trial balance at the end of November showed various expense, revenue, asset and liability accounts. Adjusting entries were needed for depreciation, prepaid insurance, and sales commissions. Closing
The document discusses accounting concepts for merchandising businesses including:
1. Net sales are from goods sold while cost of goods sold represents inventory costs. Gross profit is the difference between net sales and cost of goods sold.
2. Operating expenses are deducted from gross profit to calculate operating profit.
3. Cash discounts incentivize early payment while transportation costs depend on freight terms like FOB destination or shipping point.
4. Perpetual and periodic inventory systems record inventory purchases and sales differently. Perpetual updates inventory accounts continuously while periodic does not make entries until physical inventory count.
The document provides examples of accounting entries for various merchandising transactions including purchases, sales, returns,
6-‹#›Reporting and Analyzing InventoryKimmel ● Wey.docxtroutmanboris
6-‹#›
Reporting and Analyzing Inventory
Kimmel ● Weygandt ● Kieso
Financial Accounting, Eighth Edition
6
6-‹#›
CHAPTER OUTLINE
Discuss how to classify and determine
inventory.
1
Apply inventory cost flow methods and discuss their financial effects.
2
LEARNING OBJECTIVES
Explain the statement presentation and analysis of inventory.
3
6-‹#›
One Classification:
Merchandise Inventory
Three Classifications:
Raw Materials
Work in Process
Finished Goods
Merchandising Company
Manufacturing Company
▼ HELPFUL HINT Regardless of the classification, companies report all inventories under Current Assets on the balance sheet.
LEARNING OBJECTIVE
Discuss how to classify and determine inventory.
1
LO 1
6-‹#›
ACCOUNTING ACROSS THE ORGANIZATION
A Big Hiccup
JIT can save a company a lot of money, but it isn’t without risk. An unexpected disruption in the supply chain can cost a company a lot of money. Japanese automakers experienced just such a disruption when a 6.8-magnitude earthquake caused major damage to the company that produces 50% of their piston rings. The rings themselves cost only $1.50, but you cannot make a car without them. As a result, the automakers were forced to shut down production for a few days—a loss of tens of thousands of cars. Similarly, a major snowstorm halted production at the Canadian plants of Ford. A Ford spokesperson said, “Because the plants run with just-in-time inventory, we don’t have large stockpiles of parts sitting around. When you have a somewhat significant disruption, you can pretty quickly run out of parts.”
Sources: Amy Chozick, “A Key Strategy of Japan’s Car Makers Backfires,” Wall Street Journal (July 20, 2007); and Kate Linebaugh, “Canada Military Evacuates Motorists Stranded by Snow,” Wall Street Journal (December 15, 2010).
LO 1
6-‹#›
Physical Inventory taken for two reasons:
Perpetual System
Check accuracy of inventory records.
Determine amount of inventory lost due to wasted raw materials, shoplifting, or employee theft.
Periodic System
Determine the inventory on hand.
Determine the cost of goods sold for the period.
DETERMINING INVENTORY QUANTITIES
LO 1
6-‹#›
Involves counting, weighing, or measuring each kind of inventory on hand.
Taken,
when the business is closed or business is slow.
at the end of the accounting period.
Taking a Physical Inventory
LO 1
6-‹#›
ETHICS INSIGHT
Falsifying Inventory to Boost Income
Managers at women’s apparel maker Leslie Fay were convicted of falsifying inventory records to boost net income in an attempt to increase management bonuses. In another case, executives at Craig Consumer Electronics were accused of defrauding lenders by manipulating inventory records. The indictment said the company classified “defective goods as new or refurbished” and claimed that it owned certain shipments “from overseas suppliers” when, in fact, Craig either did not own the shipments or the shipments did not exist.
Leslie Fay
LO 1
6-‹#›
GOODS IN TRANSIT
Purch.
1.Kingbird, Inc. took a physical inventory on December 31 and deteTatianaMajor22
1.Kingbird, Inc. took a physical inventory on December 31 and determined that goods costing $230,000 were on hand. Not included in the physical count were $31,000 of goods purchased from Blue Spruce Corp., FOB, shipping point, and $20,500 of goods sold to Blossom Company for $30,000, FOB destination. Both the Blue Spruce purchase and the Blossom sale were in transit at year-end.
What amount should Kingbird report as its December 31 inventory?
Ending Inventory
2. In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 240 units at $3, (2) 340 units at $5, and (3) 440 units at $6. Assuming there are 140 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Sheridan Company uses a periodic inventory system.
FIFO
LIFO
The Ending Inventory
$Enter a dollar amount
$Enter a dollar amount
3. The Blue Spruce Company has just completed a physical inventory count at year end, December 31, 2022. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to $ 77,300. During the audit, the independent CPA discovered the following additional information:
(a)
There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $ 9,900. Because the goods had not arrived, they were excluded from the physical inventory count.
(b)
On December 27, 2022, a regular customer purchased goods for cash amounting to $ 1,150 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Blue Spruce Company had paid $ 575 for the goods and, because they were in storage, Blue Spruce included them in the physical inventory count.
(c)
Blue Spruce Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $ 3,300, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory.
(d)
On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $ 850 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count.
(e)
On December 31, 2022, Blue Spruce Company shipped $ 2,900 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count.
(f)
Blue Spruce Company, as the consignee, had goods on consignment that cost $ 2,900. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count.
...
The document provides details of transactions recorded in special journals for Cope Company in June and July. It asks questions to determine the balances of accounts receivable and accounts payable control accounts after postings for July, and to identify the accounts that various journal totals are posted to. It also provides instructions for exercises involving posting transactions to control and subsidiary accounts from special journals.
Question 1The following information applied to Frack Inc. fo.docxJUST36
Question 1
The following information applied to Frack Inc. for year 2:
Merchandise purchased for resale $400,000
Freight-in 10,000
Freight-out 5,000
Purchase returns 2,000
Frack's year 2 inventoriable cost was
a. $408,000
b. $404,000
c. $413,000
d. $400,000
Question 2
On December 28, year 2, Frack ManufacturingCo. purchased goods costing $50,000. The terms were FOB destination. Some of the costs incurred in connection with the sale
and delivery of the goods were as follows:
Packaging for shipment $1,000
Shipping 1,500
Special handling charges 2,000
These goods were received on December 31, year 2. In Frack's December 31, year 2 balance sheet, what amount of cost for these goods should be included in
inventory?
a. $53,500
b. $54,500
c. $52,000
d. $50,000
Question 3
The following information was taken fromFrack Co.'s accounting records for the year ended December 31, year 2:
Decrease in raw materials
inventory
$
15,000
Increase in finished goods
inventory
35,000
Raw material purchased 430,000
Direct labor payroll 200,000
Factory overhead 300,000
Freight-out 45,000
There was no work in process inventory at the beginning or end of the year. Frack's year 2 cost of goods sold is
a. $950,000
b. $895,000
c. $955,000
d. $910,000
Question 4
How should the following costs affect a retailer's inventory?
a. Freight-in Interest on inventory loan
No effect Increase
b. Freight-in Interest on inventory loan
No effect No effect
c. Freight-in Interest on inventory loan
Increase No effect
d. Freight-in Interest on inventory loan
Increase Increase
Question 5
When allocating costs to inventory produced for the period, fixed overhead should be based upon
a. The actual amounts of goods produced during the period.
b. The highest production levels in the last three periods.
c. The lowest production level in the last three periods.
d. The normal capacity of production facilities.
Question 6
Flip Co. recorded the following inventory information during the month of January:
Units Unit cost Total cost Units on hand
Balance on 1/1 2,000 $1 $2,000 2,000
Purchased on 1/8 1,200 3 3,600 3,200
Sold on 1/23 1,800 1,400
Purchased on 1/28 800 5 4,000 2,200
Flip uses the LIFOmethod to cost inventory.What amount should Flip report as inventory on January 31 under each of the following methods of recording inventory?
A. Perpetual Periodic
$2,600 $2,600
b. Perpetual Periodic
$2,600 $5,400
c. Perpetual Periodic
$5,400 $2,600
d. Perpetual Periodic
$5,400 $5,400
Question 7
The weighted-average for the year inventory cost flow method is applicable to which of the following inventory systems?
a. Periodic Perpetual
No No
b. Periodic Perpetual
Yes Yes
c. Periodic Perpetual
No Yes
d. Periodic Perpetual
Yes No
Question 8
During January year 2, Flip Co., whic ...
Sherif Consultant Group provides engineering consulting services. The document provides 25 transactions from January 1-25, 2019 to practice journalizing, posting to accounts, and preparing financial statements using the accounting equation and T-accounts. Key aspects covered include unearned and prepaid revenues, depreciation using straight-line method, and allowance method for estimating uncollectible accounts. The income statement shows net income of $12,000 and the balance sheet lists assets of $87,500 equal to liabilities and owner's equity.
The assistant summarizes the document by journalizing transactions in the purchases journal, cash payments journal, and general journal. Postings are made to the general and subsidiary ledgers. A trial balance is prepared which proves to the control accounts. Adjusting entries are prepared for supplies and depreciation expense, and an adjusted trial balance is presented.
ACC 291 GUIDE T Introduction Education--acc291guide.comagathachristie253
This document provides sample accounting problems and transactions to practice recording journal entries. It includes multiple choice questions and scenarios involving bank reconciliations, petty cash funds, cash receipts, unrecorded transactions, and more. The problems cover topics like establishing petty cash funds, reconciling book and bank balances, recording sales and returns, and adjusting journal entries.
This document provides homework assignments for an accounting course. It includes multiple questions related to inventory costing and valuation. Specifically, it asks the student to:
1) Analyze transactions near the closing date of an annual audit and determine which costs should be included in inventory.
2) Calculate inventory on different costing bases (FIFO, LIFO, weighted average) given purchases and sales data for a part over the month of April.
3) Calculate ending inventory using average unit costs when perpetual inventory is kept in dollars rather than units.
This document provides the details and instructions for ACC 557 Homework 1-5, including exercises and problems related to accounting principles. It includes instructions to record journal entries, post to ledger accounts, prepare adjusting entries, closing entries, income statements, and balance sheets. The homework covers topics such as preparing trial balances, analyzing transactions, calculating account balances, and solving accounting problems related to the annual accounting cycle.
This document provides an overview of inventory valuation methods. It begins with learning objectives related to identifying inventory classifications, distinguishing perpetual and periodic inventory systems, and understanding the treatment of inventory costs. The document then discusses the major classifications of inventory, physical goods included in inventory, and costs that make up inventory value. It also explains specific identification, average costing, FIFO, and LIFO inventory cost flow assumptions. The document concludes by comparing inventory valuation methods and explaining why companies select different methods.
Acc 290 final exam mcq`s correct answers 100%Austing_3
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
(New) final exam for acc 290 all correct answers 100%quikly11
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
Acc 290 final exam mcq`s correct answers 100%liamSali
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
(New) final exam for acc 290 all correct answers 100%liamSali
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like financial statements, debits and credits, adjusting entries, inventory accounting methods, and internal controls. The questions are randomly selected from a large test bank, so studying this document is not guaranteed to cover everything on the actual exam. It encourages leaving positive feedback if it is helpful and wishes the reader good luck on the exam.
Page 6Page 1Name __________________________ Date ______.docxalfred4lewis58146
Page 6
Page 1
Name: __________________________ Date: _____________
Please select the best answer.
_____1.
On July 9, Sheb Company sells goods on credit to Wooley Company for $5,000, terms 1/10, n/60. Sheb receives payment on July 18. The entry by Sheb on July 18 is:
A)
Cash
5,000
Accounts Receivable
5,000
B)
Cash
5,000
Sales Discounts
50
Accounts Receivable
4,950
C)
Cash
4,950
Sales Discounts
50
Accounts Receivable
5,000
D)
Cash
5,050
Sales Discounts
50
Accounts Receivable
5,000
_____2.
The collection of a $1,000 account after the 2 percent discount period will result in a
A)
debit to Cash for $980.
B)
credit to Accounts Receivable for $1,000.
C)
credit to Cash for $1,000.
D)
debit to Sales Discounts for $20.
_____3.
Gross profit does not appear
A)
on a multiple-step income statement.
B)
on a single-step income statement.
C)
to be relevant in analyzing the operation of a merchandiser.
D)
on the income statement if the periodic inventory system is used because it cannot be calculated.
_____4.
During 2014, Parker Enterprises generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000.
Parker's gross profit is
A)
$24,000.
B)
$27,000.
C)
$45,000.
D)
$90,000.
_____5.
At the beginning of September, 2014, Stella Company reported Inventory of $8,000. During the month, the company made purchases of $35,600. At September 30, 2014, a physical count of inventory reported $8,400 on hand. Cost of goods sold for the month is
A)
$35,200.
B)
$35,600.
C)
$36,000.
D)
$43,600.
_____6.
The Freight-In account
A)
increases the cost of merchandise purchased.
B)
is contra to the Purchases account.
C)
is a permanent account.
D)
has a normal credit balance.
______7.
A company purchased inventory as follows:
150 units at $5
350 units at $6
The average unit cost for inventory is
A)
$5.00.
B)
$5.50.
C)
$5.70.
D)
$6.00.
______8.
A company just starting business made the following four inventory purchases in June:
June
1
150 units
$ 390
June
10
200 units
585
June
15
200 units
630
June
28
150 units
510
$2,115
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is
A)
$683.
B)
$825.
C)
$1,290.
D)
$1,432.
PART II — BASIC INVENTORY COMPUTATIONS (18 points)
9.
Joe Poultry uses a periodic inventory system. Its beginning inventory on May 1 consisted of 300 units of Product A at a cost of $6.25 per unit. During May, the following purchases and sales were made.
Purchases
Sales
May
6
300
units at $7.20
May
4
275
units
14
400
units at $9.10
8
300
units
21
100
units at $11.50
22
400
units
28
500
units at $11.80
24
225
units
1,300
1,200
Instructions: Compute the May 31 ending inventor.
Solki's Repair Shop had the following transactions in May: it invested $10,000 cash to start the business, purchased $5,000 of equipment, paid $400 for May rent, paid $500 for supplies, incurred $250 of advertising costs, received $6,100 from customers for repairs, withdrew $1,000 for personal use, paid employee salaries of $2,000, paid $170 for utilities, performed $750 worth of repairs on account, and collected $120 for those services.
Similar to Exercise 7-2Presented below are a number of independent situations.docx (20)
Parental InfluencesMerging science and business, selective bre.docxPOLY33
The document discusses parental influences on genetically modifying human embryos. It notes that selective breeding of animals is common in science and business but asks if genetically modifying human children based on chosen characteristics is acceptable. The document states that an embryo can be modified to remove diseases, improve intelligence, determine gender and hair color. It encourages the reader to watch a video and discuss their thoughts on genetically modifying human embryos.
Part 1 Financial AcumenKeeping abreast of the financial measu.docxPOLY33
Part 1: Financial Acumen
Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time. Using Campbellsville University library link or other libraries and the Internet:
1. Review at least three (3) articles on financial acuity. Summarize the articles in 400 – 600 words. Use APA formatting throughout including in-text citations and references.
2. Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company's culture.
Part 2:
Sarbanes-Oxley
(SOX)
Write a 200-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:
A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX
.
PART 1 - LISTENING (12 Points)Explain what is appreciativ.docxPOLY33
PART 1 - LISTENING (12 Points)
Explain what is appreciative listening and cite 2 examples of this form of listening?
Explain what is empathic listening and cite 2 examples of this form of listening?
Explain what is comprehensive listening and cite 2 examples of this form of listening?
Explain what is critical listening and cite 2 examples of this form of listening?
PART 2 - SELECTING A TOPIC & PURPOSE (4 Points)
What four brainstorming methods can you follow if you are having trouble choosing a topic for your speech?
Explain the problem with each of the following specific purpose statements, and rewrite the statements to correct the problem. (9 Points)
To inform my audience how to make perfect popcorn every time.
To inform my audience about the growth of credit card fraud and the methods of sound financial planning.
To inform my audience about Vietnam.
You have been assigned a 5-6 minute informative research speech. Your topic subject is Leonardo da Vinci. Your 3 main points of discussion within the speech will be:
1. As a painter, Leonardo produced the 'Last Supper', the 'Mona Lisa', and other masterpieces.
2. As an inventor, Leonardo drew plans for such devices as a parachute and flying machine.
3. As an astronomer, Leonardo concluded that the earth revolves around the sun.
Knowing the above 3 main speech points: (3 Points)
What is the general purpose of the speech?
What is the specific purpose of the speech?
What is the central idea of the speech?
NOTE: MAIN POINTS #1, #2 AND #3 ARE NOT THE ANSWERS TO THE ABOVE QUESTIONS.
PART 3 - ANALYZING THE AUDIENCE (7 Points)
Presidential candidate Joe Biden is speaking to a mixed crowd of 350 adults at the downtown campus of Loyola University. Elaborate on a minimum of 3 local/national issues the citizens of Chicago would be interested hearing from the candidate that would pertain to them.
.
PART 1 How does the transmission of zoonotic and vector-borne disea.docxPOLY33
PART 1: How does the transmission of zoonotic and vector-borne diseases differ? Identify an emerging zoonotic or vector-borne disease, in your region if possible. Discuss how One Health has worked, or could work, to address the issue through transdisciplinary collaboration.
PART 2: Analyze how food-borne illness outbreaks are investigated and prevented, including the role of Hazard Analysis Critical Control Point (HACCP) principles in this process. Summarize a recent food-borne illness. Discuss two ways in which the illness could be prevented in the future
.
PART 1 Find a recent article or video describing the competi.docxPOLY33
The document discusses competition between two or more businesses selling similar products. It prompts the reader to find an article or video on a specific example of business competition, post the link, and answer questions about the competing companies, their products, and which one appears to be winning and why.
PART 1 - THE COMMUNICATION PROCESSExplain if each of the below s.docxPOLY33
This document contains three parts that discuss communication, cultural diversity, and ethics related to public speaking. Part 1 discusses elements of communication and provides examples to determine if communication is occurring. Part 2 asks for examples of gestures or meanings that differ between the US and other parts of the world. Part 3 presents three ethical questions about killing an Iranian general, building a border wall, and executing convicted murderers. The document appears to be assigning questions for students to answer related to communication, culture, and ethics.
Part 1 - Microsoft ExcelUse Excel to create a workbook containin.docxPOLY33
Part 1 - Microsoft Excel
Use Excel to create a workbook containing four worksheets. The Excel workbook will include hotel guest and reservation data, along with a chart, and the Rio Salado Hotel and Resort remodeling loans.
Create a
new blank workbook
.
Save the workbook with the filename
RSC_Hotel_Workbook_MEID.xlsx
. Replace “MEID” with your actual MEID.
Structure of the Workbook
Your workbook must contain four worksheets:
Guest Registration – This worksheet will contain guest contact information.
Reservations – This worksheet will show the current room reservations for the Rio Salado Hotel and Resort.
Income Chart - This worksheet will provide a visual depiction of the income of the current room reservations.
Remodeling - This worksheet will contain contractor bids for the remodeling of the hotel.
Guest Registration Worksheet
The Rio Salado Hotel and Resort wants you to create a new worksheet to keep track of their guests' contact information:
Rename the worksheet as
Guest Registration
.
Assign the worksheet tab a color of your choice other than the Office default.
Create a new
table
to store the following information for each guest (
TIP:
Remember to use fine data granularity):
Guest Name
Guest Address
Phone Number
Email Address
Guest ID
Align Center
and
Bold
the column headers of the table.
Provide data
in
each cell
of the table for a
total of 10 guests
using the following specifications:
You provide the data for the
Guest Names
,
Addresses
,
Phone Numbers
, and
Email Addresses
.
Use
Special Formatting
for the
Phone Number
column.
Use
Text
and
Concatenation Functions
to generate each
Guest ID
using the first three letters of the Guest’s Last Name, and the Guest’s entire Zip Code.
Increase the
column widths
to ensure that you can view the longest data entry in each cell of the worksheet.
Align Left
the
Zip Code
and
Phone Number
data.
Sort Ascending
the table on the
Guest Last Name
column.
Apply an appropriate
Table Style
of your choice other than the Office default.
Resolve any
Error Messages
you might receive in any cells.
Freeze
the column header row of the table.
Use the
Page Setup Dialog Box
to perform the following tasks:
Set the Page Orientation to
Landscape
.
Scale to
Fit to
one page wide.
Add a
Footer
to the worksheet:
Enter
your Name
in the left section.
Enter
your MEID
in the center section.
Enter the
Course Number
and
your Section Number
in the right section.
Reservations Worksheet
Add a new worksheet to keep track of the guests’ room reservations:
Add a new blank worksheet to the workbook.
Rename the worksheet as
Reservations
.
Assign the worksheet tab a color of your choice other than the Office default.
In the first row, insert the title
Guest Reservations
.
In the second row, create a new
table
with the following column headers:
Room Number
Guest ID
Check-In Date
Number o.
Part 1 Financial AcumenKeeping abreast of the financial mea.docxPOLY33
Part 1: Financial Acumen
Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time. Using Campbellsville University library link or other libraries and the Internet:
1. Review at least three (3) articles on financial acuity. Summarize the articles in 400 – 600 words. Use APA formatting throughout including in-text citations and references.
2. Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company's culture.
Part 2:
Sarbanes-Oxley
(SOX)
Write a 200-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:
A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX
.
Parents recently notified the children that they were getting a divo.docxPOLY33
Parents recently notified the children that they were getting a divorce and that the father would be moving out. The Kelly’s are seeking help from a social worker due to the children holding resentments, acting out at school and home. The family has experienced great change and the divorce is directly affecting the children. The family is seeking guidance on how to move past the divorce and to help focus on the children’s behaviors. The affair the father had, and the relationship of the parents have been strained and they have grown distant from one another which are the main causes of the affair.
Mellissa/Mother: 45-year-old, white, female. Was a stay at home mother until the twins went to school last year, and currently works at a home décor store for 30 hours each week. She is a high school graduate. She has strong connections to her parents who currently live within a 15-minute drive of her shared home with her husband. Mother was prescribed medications for her depression and anxiety. Mother wants to go back to school to get a degree in social work but due to her busy lifestyle, she cannot find time to do so
David/ Father: 48-year-old white, male. Works in business and has a 4-year college degree. Father has infidelity issues which is one of the main reasons for the divorce. He travels a lot for work. Both his parent is deceased. Recently the father travels out of the country to attend an educational conference in reference to new computer software that will be utilized by his company. Father often drinks daily and take medications to stay alert
On the flight back to the united states David became very ill and was hospitalized and later find out he was diagnosed with the coronavirus and has been isolated in the hospital away from his family and friends. He is suffering from alcohol withdrawals, with a high fever, sweats, and chills from symptoms from the coronavirus
David revealed to the social worker he has been interacting with since being in the hospital he has fear and anxiety of dying. He reports that he feels guilty for always putting his work before his family and having the affair which failed after two years, He feels that he needs to see his family and spend time with him before he dies.
Ashley and Katlyn/Twin Girls: 6-year-old, females who just started school this past year, Ashley is outspoken and has expressed concern over her parents' divorce. Katlyn is shyer but is has been isolating herself more since the parents disclosed, they were separating/divorcing. Katlyn is being bullied at school and plans to take a Knife to school to attack her bully. Ashley is aware of the affair the father had and is angry and will not stay alone with the father.
Arron/Older Brother: 15-year-old and has been acting out at school and home since the parents' divorce. He has expressed anger to both parents but tends to connect more with the mother. His grades have declined, and he has been suspended from school for a physical altercation w.
Part 1 Financial AcumenKeeping abreast of the financial measure.docxPOLY33
Part 1: Financial Acumen
Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time.
1. Review at least three (3) articles on financial acuity. Summarize the articles in 400 – 600 words. Use APA formatting throughout including in-text citations and references.
2. Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company's culture.
Part 2:
Sarbanes-Oxley
(SOX)
Write a 200-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:
A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX
.
Part 1 Conflict within TeamsThink of a conflict that occurred.docxPOLY33
Part 1:
Conflict within Teams
Think of a conflict that occurred in a team you were a part of and analyze it. What were the main sources of the conflict? What interventions can be used to improve the quality of conflict a team?
Part 2:
Creativity in Teams
Evaluate yourself using the three indices of creativity. What strategies can you use to enhance your creativity?
.
Paragraph 1Reflects on current theory and clinical class wit.docxPOLY33
Paragraph 1
Reflects on current theory and clinical class with concepts and theories using the Program Learning Outcomes and BSN Essentials listed in the syllabus
Access the BSN Essentials document in your syllabus. Here you will reflect on what you have learned in theory and your other classes during the term and relate it to one or more of the BSN Essentials. How does what you learned in class support the BSN essential? Specifically related to skills you can apply in clinical, how what you learned enhances the human experience, skills and knowledge that you use to address practice issues and how to take care of a diverse population (culture and socioeconomics).
Paragraph 2
Develops an effective communication style for interacting with current patients, families, and the interdisciplinary health team when providing holistic, patient centered nursing care to populations encountered in this course.
What are some of the techniques and skills you have learned to communicate with your patients and other healthcare professionals? How can you deliver holistic care to populations that we talked about in this course? How can we work with the interdisciplinary team to give better care to our patients and who are those individuals that we work with in the hospital setting? (example: PT, pharmacy, social workers, etc.) What are their roles and how do they contribute or help us take care of patients?
Paragraph 3
Models leadership when providing safe, quality nursing care; coordinating the healthcare team; and when tasked with oversight and accountability for care delivery.
Describe an event that demonstrates: application of leadership concepts, skills and decision making in the provision of high quality nursing care, healthcare team coordination the oversight and accountability for care delivery.
Describe an event that demonstrates leadership, appropriate teambuilding and collaborative strategies to effectively implement patient safety and quality improvement initiatives within the context of the interprofessional team
.
Paragraphing with the MEAL Plan M Main Idea E Evidence or Ex.docxPOLY33
Paragraphing with the MEAL Plan
M: Main Idea
E: Evidence or Examples
A: Analysis
L: Link
Main Idea: Every paragraph should have one main idea. If you find that your paragraphs have more than one main idea, separate your paragraphs so that each has only one main point. The idea behind a paragraph is to introduce an idea and expand upon it. If you veer off into a new topic, begin a new paragraph.
Evidence or Examples: Your main idea needs support, either in the form of evidence that buttresses your argument or examples that explain your idea. If you don’t have any evidence or examples to support your main idea, your idea may not be strong enough to warrant a complete paragraph. In this case, reevaluate your idea and see whether you need even to keep it in the paper.
Analysis: Analysis is the heart of academic writing. While your readers want to see evidence or examples of your idea, the real “meat” of your idea is your interpretation of your evidence or examples: how you break them apart, compare them to other ideas, use them to build a persuasive case, demonstrate their strengths or weaknesses, and so on. Analysis is especially important if your evidence (E) is a quote from another author. Always follow a quote with your analysis of the quote, demonstrating how that quote helps you to make your case. If you let a quote stand on its own, then the author of that quote will have a stronger voice in your paragraph (and maybe even your paper) than you will.
Link: Links help your reader to see how your paragraphs fit together. When you end a paragraph, try to link it to something else in your paper, such as your thesis or argument, the previous paragraph or main idea, or the following paragraph. Creating links will help your reader understand the logic and organization of your paper, as well as the logic and organization of your argument or main points.
Adapted from Capella University Writing Center, January, 2006: “Paragraphing with the MEAL Plan.”
Running Head: NON ACADEMIC CONTENT 1
Non-Academic Content Watson 4
Non-Academic Content
Taneisha Watson
Fayetteville Technical Community College
17 April 2020
Non-Academic Content
Discussion Board
Recently, the issue of child abuse has been so prevalent and has affected children from all over the world. Many children are suffering since they are being abused differently. Child abuse can either be physical abuse or emotional abuse. Therefore, this song argumentative and it has several messages that the public needs to hear concerning the issue. It explains the effects of child abuse to the children and the community, and the dangers of ignoring the seriousness of the child abuse (Straus & Smith, 2017).
This song is meant for everyone. It can be listened to by anyone who wants to. The major audience is the general public. It h.
Paragraph Structure with Use of Text(P) Topic Sentence-(I).docxPOLY33
Paragraph Structure with Use of Text
(P) Topic Sentence-
(I) Follow-Up Development-
(E) Engage the text-
1. Attribution Tag (optional)
2. Paraphrase/Quote ENGAGE TEXT IN MIDDLE 1/3
3. Address or analyze quote
(S) Connect Back to Main Point/Further Insight-
Rules for Paraphrase/Quoting – English 101
· Functions as support
· Centrally located – middle 1/3 of paragraph
· Short quotations only – 4 lines of text or less
· Citation and possible attribution required
· MLA Format
Example Approach to a paragraph with a quote/paraphrase:
1. Identify a passage that includes a key idea from the text to quote/paraphrase:
Robert Hartmann McNamara authored a report on “Homelessness”, which presented that drug use amongst the homeless is prevalent. Research from the 80’s routinely presented a clear connection between homelessness and addiction (1027).
2. Create a topic sentence that connects to or sets up the text support:
A key issue challenging the homeless community, and those working to help the homeless out of their situation, is the rate of addiction to drugs and alcohol.
3. Follow up and develop the idea with your analysis breaking down the point.
4. Notice the set up of the text by attributing the author (sometimes title) of the source.
Robert Hartmann McNamara authored a report on “Homelessness”, which presented that
5. Add in text citation after the source use – (1027).
6. Close out paragraph by addressing the source use and returning back to your main idea for further analysis.
Put it all Together w/ Source Support Highlighted:
(P) A key issue challenging the homeless community, and those working to help the homeless out of their situation, is the high rate of addiction to drugs and alcohol. (I) Substance abuse can cripple one’s ability to maintain a common standard of living. Those suffering in the throes of addiction will struggle to hold a job and often lose connection to the support of their loved ones. This disconnect from a steady income, family, and friends, plus the cost of their addiction, may lead to a life on the streets. Once there, the addiction can further manifest and take hold continuing a dangerous spiral. (E) Robert Hartmann McNamara authored a report on “Homelessness”, which presented that drug use amongst the homeless is prevalent. Research from the 80’s routinely presented a clear connection between homelessness and addiction (1027). This connection can be powerful and extremely challenging to break. (S) Even if addiction did not cause the homeless state, living without shelter, physical and emotional, creates an opportunity for substances to replace security and love. When trying to rise out of a homelessness, the need to kick the addiction becomes paramount to become self-reliant again. The clear relationship between homelessness and substance abuse creates a challenging set of circumstances for both the individual and those attempting to intervene and help.
Remember the “Rule of Thirds”
To.
Part 1 Ethical ChallengeFord Motor Company Responds to Ethical C.docxPOLY33
Part 1 Ethical Challenge
Ford Motor Company Responds to Ethical Challenges
Ford Motor Company was founded by Henry Ford, an inventor and entrepreneur, on June 16, 1903, in Detroit, Michigan. The Model-T became one of the most popular vehicles because it was inexpensive. During this era, he opened a factory in Canada, making the
company a global transportation leader. His moving assembly line for manufacturing was to revolutionize the auto industry.
In July 1919, the Ford family bought out all nonfamily shareholders, making them the sole owners of the company. Ever since, all Ford Company Chairmen/CEOs have been direct descendants of Henry Ford. It is the fifth largest family-owned business in the world. Today, Ford remains one the world’s top automobile companies. In 1927, Chevrolet surpassed Ford in the number of cars sold, and a rivalry continued for the next 100 years. The Ford Focus was the world’s bestselling automobile in 2013.
The Ford Company mission also known as the vision statement is “People working together as a lean, global enterprise to make people’s lives better through automotive and
mobility leadership.” Today, Bill Ford is Executive Chairman; under his leadership, the company was named the Best Global Green Brand among all companies in the world in 2014, and one of the World’s Most Ethical Companies for the eighth year in a row in March 2017.
In 2017, Mark Fields was forced out as CEO, after a 40 percent drop in share price over the past three years. Chairman Bill Ford immediately appointed Jim Hackett to replace him. Prior to this appointment, Hackett served as Chairman of the Ford Smart Mobility LLC subsidiary. Hackett’s growth strategy is to take the carmaker from conventional production to new kinds of vehicles and new advanced manufacturing processes that include ridesharing and
autonomous vehicles. His strategy is to move from a traditional car company to a more flexible and technologically advanced mobility company.
Hackett’s management strategy is to cut costs, focus on trucks and SUVs, and move some manufacturing, including the Ford Focus, to China. Ford will cut internal combustion
engine spending by one-third while moving these resources toward electrical technology with a goal to add 13 new electric cars by 2020. Ford has pledged to redesign its factories and add 3D printing, robotics, and virtual reality tools to speed up design for development and production of all product offerings.
Ford will explore emerging markets as they seek new ways to address urban congestion and park and ride desires of the driving public. Recently, the company acquired Chariot, a crowdsourced shuttle service, and opened the company’s Smart Mobility Innovation Office in London, which will target near-term development of smart mobility technologies while focusing on the specific requirements of European cities. Hackett plans to push Internet connectivity and promises that 100 percent of new U.S. vehicles will have the capabi.
Paragraph 1 (approximately 4-6 sentences)The 1920s is often cal.docxPOLY33
Paragraph 1 (approximately 4-6 sentences):
The 1920s is often called “the Roaring Twenties” for its sweeping economic and cultural changes, as well as radical political movements. For this paragraph, take the perspective of
one
prominent person from the 1920s such as Henry Ford, Mary Pickford, Babe Ruth, Marcus Garvey, William Jennings Bryan, William Joseph Simmons, Calvin Coolidge or Herbert Hoover.
What role did this person play in the events (economic, cultural or political) of the 1920s? How did this change America? Overall, did this person seem to support the direction that the country took during the 1920s? Or was this person a critic of American society in this decade? Explain your answer.
Using footnotes and the Turabian citation style (see the Discussions Guideline), please remember to at least cite at least
one
source from materials assigned for chapter 22 (the chapter and primary source document) in your paragraph.
Paragraph 2 (approximately 4-6 sentences):
President Franklin Delano Roosevelt’s (1933-1945) New Deal was an attempt to help the tens of millions of Americas who suffered during the Great Depression of the 1930s. The New Deal greatly expanded the size of the federal government as it created many new government agencies and resulted in greater federal spending. Some New Deal agencies helped alleviate the Great Depression, while others were failures.
Which New Deal agency was the greatest
failure
and why? Which New Deal agency was the greatest
success
and why?
Using footnotes and the Turabian citation style (see the Discussions Guideline), please remember to at least cite at least
one
source from materials assigned for chapter 23 (the chapter and primary source document) in your paragraph.
.
Part 1 - Sample costing flow for a product (10 marks)More re.docxPOLY33
Part 1 - Sample costing flow for a product (10 marks)
More readings:
Accounting academic help
Box D
Finished Goods:
Opening Balance
+ Transfers in
- Transfers out
Ending Balance
Box B
Sales
- Cost of Goods Sold
Gross Margin
- Corporate Overhead
Earnings before Taxes (operating profit)
- Taxes
Net Income
Box A
Materials:
Opening Balance
+ New work
- Transfers out
Ending Balance
Box C
Work In Process:
Opening Balance
+ Transfers in
+ Labour
+ Mfg Overhead
- Transfers out
Ending Balance
Questions:
1. What type of costing system is illustrated above on this page?
__________________________________________________________________________________
2. What is the correct ordering of the flow of boxes above (example: B to D to C to A)
Also read:
Calculation and classification of cost
___________________________________________________________________________________
3. True and False questions – Mark with X.
Question
True
False
A. Inventory in “finished goods” is the end of the production process.
B. Units transferred out from a department will have material, labour and factory overhead in its cost and is considered material in the next department.
C. Equivalent units of production are the portion of whole units that are complete with respect to either materials or conversion (direct labour and factory overhead) costs.
D. Process costing is used for custom production.
E. Process costing and job costing assign the same costs.
F. FIFO costing includes beginning inventory costs in the equivalent per unit cost.
G. If material for 1000 products was added to Work in Process but conversion costs are 75% complete at month end, the equivalent units for allocating conversion costs incurred in the month are A = 1,000 or B = 750 units. Which is correct?
A
B
H. The Finished Goods in Box D received $25,000 of costs (Transferred in). Opening inventory was $10,000 and ending inventory was $5,000. Transferred out must be A = $25,000 or B = $30,000. Which is correct?
A
B
Part 2 - Sample costing flows and pricing for three customers (10 marks)
Box A
Customer 1
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Floating Price
Box D
Customer 4
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Fixed Price
Box C Actual
Customer 2
+ Material to-date
+ Labour to date
+ Mfg. Overhead
+ Corp Overhead
Costs to date
Box C Forecast
Customer 2
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Fixed Price
Questions:
1. What type of costing system is illustrated above on this page?
__________________________________________________________________________________
2. What is a potential issue with Customer 2 if the overhead allocation is based on a budget and actual results mean the allocat.
PART 1 (7.5 points)After listening to the lectures (in the m.docxPOLY33
PART 1 (7.5 points)
After listening to the lectures (in the modules) and reading the two documents please write a
single post
answering the following two questions and composing one question of your own. Your answers should be a nice robust paragraph--around 6-10 sentences. You will not be able to see anyone else's posts until you make your own post by clicking "reply" to this discussion. Please do this by noon on Thursday--after you would have done the reading and sat through both classes were we still on campus. DUE BY THURSDAY AT NOON.
1. How has the world changed according to Clinton since the postwar era (ca. 1945-1965) and what does that mean for the US economy in the 1990s? Do you think Clinton's definition of freedom is tied to Reagan's from last week? If so how and why or why not? What is America's role in the world? (2.5 points)
2. How was Bush's worldview different from the preceding Clintonian vision?
What ideals did he appeal to and why do you think some referred to his foreign policy as "Neo-Wilsonian" evoking President Wilson from WWI? What is America's role in the world? (What a great exam question this would be!) (2.5 points)
3. Write ONE analytical question following up on EITHER of the documents. That is don't ask a factual or opinion question but rather a question about what the document means or why the author was arguing what he was arguing. (2.5 points)
.
Financial Statement AnalysisPrepare an eight- to ten-page fundamen.docxPOLY33
Financial Statement Analysis
Prepare an eight- to ten-page fundamental financial analysis (excluding appendices, title page, abstract, and references page) that will cover each of the following broad areas based on the financial statements of your chosen company:
Provide a background of the firm, industry, economy, and outlook for the future.
Analyze the short term liquidity of the firm.
Analyze the operating efficiency of the firm.
Analyze the capital structure of the firm.
Analyze the profitability of the firm.
Conclude with recommendations for the future analysis of the company (trend analysis).
Writing the Final Paper
The paper
Must be eight to ten double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the
Ashford Writing Center
.
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Must begin with an introductory paragraph that has a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must end with a conclusion that reaffirms your thesis.
Must use at least three scholarly sources from the Ashford University Library, in addition to the text.
Must document all sources in APA style as outlined in the Ashford Writing Center.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.
Total Possible Score
: 25.00
Provides a Background of the Firm, the Industry, the Economy, and the Outlook for the Future
Total: 7.00
Distinguished - Provides an accurate and thorough background of the firm, the industry, the economy, and the outlook for the future.
Proficient - Provides a background of the firm, the industry, the economy, and the outlook for the future. The background has a few inaccuracies or minor details are missing.
Basic - Provides a limited background of the firm, the industry, economy, and the outlook for the future. The background has several inaccuracies and/or relevant details are missing.
Below Expectations - Attempts to provide a background of the firm, the industry, economy, and future outlook; however, the background has many inaccuracies and/or significant details are missing.
Non-Performance - The background of the firm, the industry, the economy, and the outlook for the future are either nonexistent or lack the components described in the assignment instructions.
Analyzes the Short Term Liquidity, Operating Efficiency, Capital Structure and Profitability of the Firm Using the Financial Statements
Total: 9.00
Distinguished - Accurately and thoroughly analyzes the firm's financial statements, including short term liquidity, operating efficiency, capital structure, and profitability.
Proficient - Analyzes the firm's financial statements, including short term liquidity, operating efficiency, capital structure, and profitability. The analysis has a few inaccuracies or minor ...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...EduSkills OECD
Andreas Schleicher, Director of Education and Skills at the OECD presents at the launch of PISA 2022 Volume III - Creative Minds, Creative Schools on 18 June 2024.
How to Download & Install Module From the Odoo App Store in Odoo 17Celine George
Custom modules offer the flexibility to extend Odoo's capabilities, address unique requirements, and optimize workflows to align seamlessly with your organization's processes. By leveraging custom modules, businesses can unlock greater efficiency, productivity, and innovation, empowering them to stay competitive in today's dynamic market landscape. In this tutorial, we'll guide you step by step on how to easily download and install modules from the Odoo App Store.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxOH TEIK BIN
(A Free eBook comprising 3 Sets of Presentation of a selection of Puzzles, Brain Teasers and Thinking Problems to exercise both the mind and the Right and Left Brain. To help keep the mind and brain fit and healthy. Good for both the young and old alike.
Answers are given for all the puzzles and problems.)
With Metta,
Bro. Oh Teik Bin 🙏🤓🤔🥰
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Exercise 7-2Presented below are a number of independent situations.docx
1. Exercise 7-2
Presented below are a number of independent situations.
For each individual situation, determine the amount that should
be reported as cash.
1.
Checking account balance $925,000; certificate of deposit
$1,400,000; cash advance to subsidiary of $980,000; utility
deposit paid to gas company $180.
Cash balance
$
2.
Merchandise costing $2,800 was received on January 3, 2015,
and the related purchase invoice recorded January 5. The
invoice showed the shipment was made on December 29, 2014,
f.o.b. destination.
3.
A packing case containing a product costing $3,400 was
standing in the shipping room when the physical inventory was
taken. It was not included in the inventory because it was
marked “Hold for shipping instructions.” Your investigation
revealed that the customer’s order was dated December 18,
2. 2014, but that the case was shipped and the customer billed on
January 10, 2015. The product was a stock item of your client.
4.
Merchandise received on January 6, 2015, costing $680 was
entered in the purchases journal on January 7, 2015. The
invoice showed shipment was made f.o.b. supplier’s warehouse
on December 31, 2014. Because it was not on hand at December
31, it was not included in inventory.
5.
Merchandise costing $720 was received on December 28, 2014,
and the invoice was not recorded. You located it in the hands of
the purchasing agent; it was marked “on consignment.”
Warning
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Exercise 8-13
3. Inventory information for Part 311 of Monique Aaron Corp.
discloses the following information for the month of June.
June 1
Balance
300 units @ $10
June 10
Sold
200 units @ $24
11
Purchased
800 units @ $12
15
Sold
500 units @ $25
20
Purchased
500 units @ $13
27
Sold
300 units @ $27
Warning
4. [removed] Don't show me this message again for the assignment
Ok
Cancel
Assuming that the periodic inventory method is used, compute
the cost of goods sold and ending inventory under (1) LIFO and
(2) FIFO.
(1)
LIFO
(2)
FIFO
Cost of Goods Sold
$
[removed]
$
[removed]
Ending Inventory
$
[removed]
$
[removed]
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5. Cancel
Link to Text
Link to Text
Assuming that the perpetual inventory method is used and costs
are computed at the time of each withdrawal, what is the value
of the ending inventory at LIFO?
The ending inventory at LIFO
$
[removed]
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Link to Text
Link to Text
Assuming that the perpetual inventory method is used and costs
are computed at the time of each withdrawal, what is the gross
profit if the inventory is valued at FIFO?
Gross Profit (FIFO)
$
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![2014, but that the case was shipped and the customer billed on
January 10, 2015. The product was a stock item of your client.
4.
Merchandise received on January 6, 2015, costing $680 was
entered in the purchases journal on January 7, 2015. The
invoice showed shipment was made f.o.b. supplier’s warehouse
on December 31, 2014. Because it was not on hand at December
31, it was not included in inventory.
5.
Merchandise costing $720 was received on December 28, 2014,
and the invoice was not recorded. You located it in the hands of
the purchasing agent; it was marked “on consignment.”
Warning
[removed] Don't show me this message again for the assignment
Ok
Cancel
Exercise 8-13](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)