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Task 1:
For now, you are required to choose a suitable topic for your
project. You can choose your topic from real events or
situations at your current workplace. You can even have an
imaginary situation. Some examples of projects are:
· IT maintenance projects such as upgrading hardware or
software.
· IT development projects such as building a new software or
application.
· IT infrastructure projects such as installing an office network
with access controls.
· Construction projects such as buildings, roads or mobile
towers.
· Manufacturing projects such as setting up new production
capabilities.
· Business projects such as incorporating a company or running
a marketing campaign.
After selecting a topic, prepare a professional document with
project information in the following sections:
1. Introduction – Describe the organization and provide any
relevant background information for the project. State in no
more than two sentences what the project is about.
1. Business Objective – Connect the purpose of the project to
the strategic objectives of the business.
1. Opportunity – Explain the current situation. Outline the
challenges the project is meant to solve and how it will solve
them.
1. Preliminary Project Requirements – List the features and
facilities the project should have.
1. Potential Risks – Analyze the risks involved in undertaking
this project.
Your work should be submitted in a Word document, 2–3 pages
in length, typed in double-space, in 10- or 12-point Arial or
Times New Roman font. The page margins on the top, bottom,
left side, and right side should be 1 inch each. You should use
the APA guidelines for writing and citations.
Task 2:
Use the template provided in textbook Chapter 3, Table 3-6
(Page 98) to create a project charter for the topic you have
chosen (see attached table).
Your work should be submitted in a Word document, 2–3 pages
in length, typed in double-space, in 10- or 12-point Arial or
Times New Roman font. The page margins on the top, bottom,
left side, and right side should be 1 inch each. You should use
the APA guidelines for writing and citations.
Task 3:
A project scope statement is a document that specifies the
requirements. It defines the features and functions that are to be
implemented in the project. It also describes any specific
processes that must be used in the project. A project scope
statement includes detailed characteristics, deliverables and
success criteria.
Use the template provided in textbook Chapter 3, Table 3-9
(Pages 105-106) to create a project scope statement for the topic
you have chosen.
Your work should be submitted in a Word document, 2-3 pages
in length, typed in double-space, in 10- or 12-point Arial or
Times New Roman font. The page margins on the top, bottom,
left side, and right side should be 1 inch each. You should use
the APA guidelines for writing and citations.
Task 4:
You need to submit the term project you had selected in Module
1. The purpose of the project is to give you an opportunity to
apply what you have learned in the course.
A project management plan is a document that is used to guide
and control a project. It includes a project overview, structure,
processes, requirements, risk, schedule, deliverables and
budget.
Use the headings provided in textbook Chapter 4, Section
Project Management Plan Contents (Pages 161-164) to create a
project management plan for the term project you have chosen.
Include the Project Charter and Project Scope Statement in the
Appendix.
Your work should be submitted in a Word document, 8-12 pages
in length (including the appendices), typed in double-space, in
10- or 12-point Arial or Times New Roman font. The page
margins on the top, bottom, left side, and right side should be 1
inch each. You should use the APA guidelines for writing and
citations.
CP4-2CP4-2Finding Financial InformationLO4-2, 4-3, 4-4Refer
to the financial statements of Urban Outfitters in Appendix C at
the end of this book.Required:1. How much is in the Prepaid
Expenses and Other Current Assets account at the end of the
most recent year (for the year ended January 31, 2012)? (in
thousands)Where did you find this information?2. What did the
company report for Deferred Rent and Other Liabilities at the
end of the most recent year (for the year ended January 31,
2012)? (in thousands)Where did you find this information?3.
What is the difference between prepaid rent and deferred rent?4.
Describe in general terms what accrued liabilities are.5. What
would generate the interest income that is reported on the
income statement?6. What company accounts would not have
balances on a post-closing trial balance?7. Describe the closing
entry, if any, for Prepaid Expenses.8. What is the company's
earnings per share (basic only) for the three years reported?Year
Ended:EPS: January 31, 2012 January 31, 2011 January 31,
20109. Compute the company's total asset turnover ratio for the
three years reported. (Dollars in thousands.) Fiscal Year
EndedSales Revenue /Average Total Assets = Total
Asset Turnover1/31/121/31/111/31/10What does the trend
suggest to you about Urban Outfitters?
CP4-2 Check FiguresCP4-2Finding Financial InformationLO4-
2, 4-3, 4-4Refer to the financial statements of Urban Outfitters
in Appendix C at the end of this book.Required:1. How much is
in the Prepaid Expenses and Other Current Assets account at the
end of the most recent year (for the year ended January 31,
2012)? (in thousands)Where did you find this information?2.
What did the company report for Deferred Rent and Other
Liabilities at the end of the most recent year (for the year ended
January 31, 2012)? (in thousands)Where did you find this
information?3. What is the difference between prepaid rent and
deferred rent?4. Describe in general terms what accrued
liabilities are.Accrued Liabilities would consist of costs that
have been incurred by the end of the accounting period but
which have not yet been paid. 5. What would generate the
interest income that is reported on the income statement?6.
What company accounts would not have balances on a post-
closing trial balance?7. Describe the closing entry, if any, for
Prepaid Expenses.8. What is the company's earnings per share
(basic only) for the three years reported?Year Ended:EPS:
January 31, 2012 January 31, 2011 January 31, 20109. Compute
the company's total asset turnover ratio for the three years
reported. (Dollars in thousands.) Fiscal Year EndedSales
Revenue /Average Total Assets = Total Asset
Turnover1/31/121/31/111/31/10What does the trend suggest to
you about Urban Outfitters?
Sheet2List 1Auditor's ReportBalance SheetIncome
StatementNotes to Financial StatementsStatement of Cash
FlowsStatement of Shareholders' Equity
P3-4P3-4 Analyzing the Effects of Transactions Using T-
Accounts, Preparing an Income Statement, and Evaluating the
Net Profit Margin Ratio as a Manager LO3-4, 3-5, 3-6Kaylee
James, a connoisseur of fine chocolate, opened Kaylee’s Sweets
in Collegetown on February 1, 2014. The shop specializes in a
selection of gourmet chocolate candies and a line of gourmet ice
cream. You have been hired as manager. Your duties include
maintaining the store’s financial records. The following
transactions occurred in February 2014, the first month of
operations.a.Received four shareholders’ contributions totaling
$30,200 cash to form the corporation; issued 400 shares of $.10
par value common stock.b.Paid three months' rent for the store
at $1,750 per month (recorded as prepaid expenses).c.Purchased
and received candy for $6,000 on account, due in 60
days.d.Purchased supplies for $1,560 cash.e.Negotiated and
signed a two-year $11,000 loan at the bank.f.Used the money
from (e) to purchase a computer for $2,750 (for recordkeeping
and inventory tracking); used the balance for furniture and
fixtures for the store.g.Placed a grand opening advertisement in
the local paper for $400 cash; the ad ran in the current
month.h.Made sales on Valentine's Day totaling $3,500; $2,675
was in cash and the rest on accounts receivable. The cost of the
candy sold was $1,600.i.Made a $550 payment on accounts
payable.j.Incurred and paid employee wages of
$1,300.k.Collected accounts receivable of $600 from
customers.l.Made a repair to one of the display cases for $400
cash.m.Made cash sales of $1,200 during the rest of the month.
The cost of the candy sold was $600.Required:1 & 2.Record in
the T-accounts the effects of each transaction for Kaylee’s
Sweets in February, referencing each transaction in the accounts
with the transaction letter. Show the ending balances in the T-
accounts. An example amount has been posted to the Cash T-
Account from transaction (l).CashAccounts ReceivableBeg.
bal.Beg. bal.400(l)End. bal.End. bal.400SuppliesInventoryBeg.
bal.Beg. bal.End. bal.End. bal.Prepaid ExpensesEquipmentBeg.
bal.Beg. bal.End. bal.End. bal.Furniture and FixturesAccounts
PayableBeg. bal.Beg. bal.End. bal.End. bal.Notes
PayableCommon StockBeg. bal.Beg. bal.End. bal.End.
bal.Additional Paid-in CapitalSales RevenueBeg. bal.Beg.
bal.End. bal.End. bal.Cost of Goods SoldRepair ExpenseBeg.
bal.Beg. bal.End. bal.End. bal.Advertising ExpenseWage
ExpenseBeg. bal.Beg. bal.End. bal.End. bal.Required:3Prepare
an income statement at the end of the month ended February 28,
2014.KAYLEE’S SWEETSIncome Statement (unadjusted)For
the Month Ended February 28, 2014Revenues:Expenses:Total
cost and expenses-Required:5After three years in business, you
are being evaluated for a promotion. One measure is how
effectively you managed the sales and expenses of the business.
The following data are available: 2016* 2015
2014 Total assets$ 88,000$ 58,500$ 52,500 Total
liabilities49,50022,00018,500 Total stockholders’
equity38,50036,50034,000 Net sale
revenue93,50082,50055,000 Net income22,00011,0004,400* At
the end of 2016, Kaylee decided to open a second store,
requiring loans and inventory purchases prior to the store’s
opening in early 2017.5-a.Calculate the net profit margin ratio
for each year. (Round your answers to 1 decimal place.)Net
Profit Margin Ratio2016%2015%2014%5-b.Do you think you
should be promoted?
YES
NO
P3-4 Check FiguresP3-4 Analyzing the Effects of Transactions
Using T-Accounts, Preparing an Income Statement, and
Evaluating the Net Profit Margin Ratio as a Manager LO3-4, 3-
5, 3-6Kaylee James, a connoisseur of fine chocolate, opened
Kaylee’s Sweets in Collegetown on February 1, 2014. The shop
specializes in a selection of gourmet chocolate candies and a
line of gourmet ice cream. You have been hired as manager.
Your duties include maintaining the store’s financial records.
The following transactions occurred in February 2014, the first
month of operations.a.Received four shareholders’ contributions
totaling $30,200 cash to form the corporation; issued 400 shares
of $.10 par value common stock.b.Paid three months' rent for
the store at $1,750 per month (recorded as prepaid
expenses).c.Purchased and received candy for $6,000 on
account, due in 60 days.d.Purchased supplies for $1,560
cash.e.Negotiated and signed a two-year $11,000 loan at the
bank.f.Used the money from (e) to purchase a computer for
$2,750 (for recordkeeping and inventory tracking); used the
balance for furniture and fixtures for the store.g.Placed a grand
opening advertisement in the local paper for $400 cash; the ad
ran in the current month.h.Made sales on Valentine's Day
totaling $3,500; $2,675 was in cash and the rest on accounts
receivable. The cost of the candy sold was $1,600.i.Made a
$550 payment on accounts payable.j.Incurred and paid employee
wages of $1,300.k.Collected accounts receivable of $600 from
customers.l.Made a repair to one of the display cases for $400
cash.m.Made cash sales of $1,200 during the rest of the month.
The cost of the candy sold was $600.Required:1 & 2.Record in
the T-accounts the effects of each transaction for Kaylee’s
Sweets in February, referencing each transaction in the accounts
with the transaction letter. Show the ending balances in the T-
accounts. An example amount has been posted to the Cash T-
Account from transaction (l).CashAccounts ReceivableBeg.
bal.Beg. bal.400(l)End. bal.End. bal.SuppliesInventoryBeg.
bal.Beg. bal.End. bal.End. bal.Prepaid ExpensesEquipmentBeg.
bal.Beg. bal.End. bal.End. bal.Furniture and FixturesAccounts
PayableBeg. bal.Beg. bal.End. bal.End. bal.Notes
PayableCommon StockBeg. bal.Beg. bal.End. bal.End.
bal.Additional Paid-in CapitalSales RevenueBeg. bal.Beg.
bal.End. bal.End. bal.Cost of Goods SoldRepair ExpenseBeg.
bal.Beg. bal.End. bal.End. bal.Advertising ExpenseWage
ExpenseBeg. bal.Beg. bal.End. bal.End. bal.Required:3Prepare
an income statement at the end of the month ended February 28,
2014.KAYLEE’S SWEETSIncome Statement (unadjusted)For
the Month Ended February 28, 2014Revenues:Expenses:Total
cost and expenses0Net income$400Required:5After three years
in business, you are being evaluated for a promotion. One
measure is how effectively you managed the sales and expenses
of the business. The following data are available: 2016*
2015 2014 Total assets$ 88,000 $ 58,500 $ 52,500
Total liabilities49,500 22,000 18,500 Total stockholders’
equity38,500 36,500 34,000 Net sale revenue93,500 82,500
55,000 Net income22,000 11,000 4,400 * At the end of
2016, Kaylee decided to open a second store, requiring loans
and inventory purchases prior to the store’s opening in early
2017.5-a.Calculate the net profit margin ratio for each year.
(Round your answers to 1 decimal place.)Net Profit Margin
Ratio2016%2015%2014%5-b.Do you think you should be
promoted?
YES
NO
Sheet2List 12112(a)Net incomeAccounts payable(b)Net
lossAccounts receivable(c)Additional paid-in-
capital(d)Advertising expense(e)Cash(f)Commission
expense(g)Common stock(h)Consulting expense(i)Cost of goods
sold(j)Equipment(k)Fuel expense(l)Games revenue(m)Insurance
expenseInterest expenseInterest
revenueInventoryLandMiscellaneous expensesNotes payable
(long-term)Notes payable (short-term)Prepaid expensesRent
expenseRent revenueRepair expenseRetained earningsSales
revenueSuppliesSupplies expenseUnearned revenueUtilities
expenseWage expenseWages payable
Criterion Unacceptable Minimum Satisfactory Excellent Weight
Topic and Introduction The topic has little relevancy
in the specified area and no
problem statement and the
abstract did not give any
information about what to
expect in the report.
The topic has somewhat
relevancy and/or the
problem statement was
poorly constructed,
and/or the abstract
provides little information
on the project
Relevant topic is
selected and the
problem statement is
appropriately
constructed and/or the
abstract provides
adequate information on
the project
Relevant topic is selected and
the problem statement is well
constructed and the abstract
is concise and provides
adequate information on the
project
20
Score 0 7 17 20
Writing Quality The writing is incoherent,
broken, overly long, and
contains many spelling or
grammatical errors
The writing is incoherent,
lengthy, and has some
spelling or grammar
errors
The writing is coherent,
and only has a few
spelling or grammar
errors
The writing is coherent,
concise, free of spelling errors
and grammatically correct
10
score 0 5 8 10
Technical Accuracy Work is not accurate. Work has minimal
accuracy
Work is mostly accurate
with less than two minor
errors
Work is accurate and well
constructed 30
score 0 15 26 30
Clarity of Illustrations,
Diagrams or Charts
Figures, diagrams, tables
are sloppy, and/or not
accurate, and are not
labeled.
Figures, diagrams are
not especially clear, and
but labels and diagrams
are accurate.
Figures, diagrams,
tables are clearly drawn,
clearly labeled, accurate
Figures, diagrams, tables are
clearly drawn, clearly labeled,
accurate. Labels are
descriptive. Diagrams are
exceptionally detailed.
15
Score 0 8 12 15
Solution
& Conclusion Was not logically or
effectively structured and
presents an illogical
explanation for findings.
Needs greater effort to
make it a well-
constructed paper and
the findings were not
logically presented.
Were logically organized
and made good
connections among
ideas. Presents a
logical explanation for
findings.
Information is logically and
creatively organized with
smooth transitions. Presents
a logical explanation for
findings.
25
0 15 21 25
META RUBRIC FOR PROJECT PLAN
G:Online Course ManagementSBT Meta RubricsProject Plan
Meta Rubric.xlsx

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  • 1. Task 1: For now, you are required to choose a suitable topic for your project. You can choose your topic from real events or situations at your current workplace. You can even have an imaginary situation. Some examples of projects are: · IT maintenance projects such as upgrading hardware or software. · IT development projects such as building a new software or application. · IT infrastructure projects such as installing an office network with access controls. · Construction projects such as buildings, roads or mobile towers. · Manufacturing projects such as setting up new production capabilities. · Business projects such as incorporating a company or running a marketing campaign. After selecting a topic, prepare a professional document with project information in the following sections: 1. Introduction – Describe the organization and provide any relevant background information for the project. State in no more than two sentences what the project is about. 1. Business Objective – Connect the purpose of the project to the strategic objectives of the business. 1. Opportunity – Explain the current situation. Outline the challenges the project is meant to solve and how it will solve them. 1. Preliminary Project Requirements – List the features and facilities the project should have. 1. Potential Risks – Analyze the risks involved in undertaking this project. Your work should be submitted in a Word document, 2–3 pages in length, typed in double-space, in 10- or 12-point Arial or Times New Roman font. The page margins on the top, bottom,
  • 2. left side, and right side should be 1 inch each. You should use the APA guidelines for writing and citations. Task 2: Use the template provided in textbook Chapter 3, Table 3-6 (Page 98) to create a project charter for the topic you have chosen (see attached table). Your work should be submitted in a Word document, 2–3 pages in length, typed in double-space, in 10- or 12-point Arial or Times New Roman font. The page margins on the top, bottom, left side, and right side should be 1 inch each. You should use the APA guidelines for writing and citations. Task 3: A project scope statement is a document that specifies the requirements. It defines the features and functions that are to be implemented in the project. It also describes any specific processes that must be used in the project. A project scope statement includes detailed characteristics, deliverables and success criteria. Use the template provided in textbook Chapter 3, Table 3-9 (Pages 105-106) to create a project scope statement for the topic you have chosen. Your work should be submitted in a Word document, 2-3 pages in length, typed in double-space, in 10- or 12-point Arial or Times New Roman font. The page margins on the top, bottom, left side, and right side should be 1 inch each. You should use the APA guidelines for writing and citations. Task 4: You need to submit the term project you had selected in Module
  • 3. 1. The purpose of the project is to give you an opportunity to apply what you have learned in the course. A project management plan is a document that is used to guide and control a project. It includes a project overview, structure, processes, requirements, risk, schedule, deliverables and budget. Use the headings provided in textbook Chapter 4, Section Project Management Plan Contents (Pages 161-164) to create a project management plan for the term project you have chosen. Include the Project Charter and Project Scope Statement in the Appendix. Your work should be submitted in a Word document, 8-12 pages in length (including the appendices), typed in double-space, in 10- or 12-point Arial or Times New Roman font. The page margins on the top, bottom, left side, and right side should be 1 inch each. You should use the APA guidelines for writing and citations. CP4-2CP4-2Finding Financial InformationLO4-2, 4-3, 4-4Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book.Required:1. How much is in the Prepaid Expenses and Other Current Assets account at the end of the most recent year (for the year ended January 31, 2012)? (in thousands)Where did you find this information?2. What did the company report for Deferred Rent and Other Liabilities at the end of the most recent year (for the year ended January 31, 2012)? (in thousands)Where did you find this information?3. What is the difference between prepaid rent and deferred rent?4. Describe in general terms what accrued liabilities are.5. What would generate the interest income that is reported on the income statement?6. What company accounts would not have balances on a post-closing trial balance?7. Describe the closing
  • 4. entry, if any, for Prepaid Expenses.8. What is the company's earnings per share (basic only) for the three years reported?Year Ended:EPS: January 31, 2012 January 31, 2011 January 31, 20109. Compute the company's total asset turnover ratio for the three years reported. (Dollars in thousands.) Fiscal Year EndedSales Revenue /Average Total Assets = Total Asset Turnover1/31/121/31/111/31/10What does the trend suggest to you about Urban Outfitters? CP4-2 Check FiguresCP4-2Finding Financial InformationLO4- 2, 4-3, 4-4Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book.Required:1. How much is in the Prepaid Expenses and Other Current Assets account at the end of the most recent year (for the year ended January 31, 2012)? (in thousands)Where did you find this information?2. What did the company report for Deferred Rent and Other Liabilities at the end of the most recent year (for the year ended January 31, 2012)? (in thousands)Where did you find this information?3. What is the difference between prepaid rent and deferred rent?4. Describe in general terms what accrued liabilities are.Accrued Liabilities would consist of costs that have been incurred by the end of the accounting period but which have not yet been paid. 5. What would generate the interest income that is reported on the income statement?6. What company accounts would not have balances on a post- closing trial balance?7. Describe the closing entry, if any, for Prepaid Expenses.8. What is the company's earnings per share (basic only) for the three years reported?Year Ended:EPS: January 31, 2012 January 31, 2011 January 31, 20109. Compute the company's total asset turnover ratio for the three years reported. (Dollars in thousands.) Fiscal Year EndedSales Revenue /Average Total Assets = Total Asset Turnover1/31/121/31/111/31/10What does the trend suggest to you about Urban Outfitters? Sheet2List 1Auditor's ReportBalance SheetIncome StatementNotes to Financial StatementsStatement of Cash FlowsStatement of Shareholders' Equity
  • 5. P3-4P3-4 Analyzing the Effects of Transactions Using T- Accounts, Preparing an Income Statement, and Evaluating the Net Profit Margin Ratio as a Manager LO3-4, 3-5, 3-6Kaylee James, a connoisseur of fine chocolate, opened Kaylee’s Sweets in Collegetown on February 1, 2014. The shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. You have been hired as manager. Your duties include maintaining the store’s financial records. The following transactions occurred in February 2014, the first month of operations.a.Received four shareholders’ contributions totaling $30,200 cash to form the corporation; issued 400 shares of $.10 par value common stock.b.Paid three months' rent for the store at $1,750 per month (recorded as prepaid expenses).c.Purchased and received candy for $6,000 on account, due in 60 days.d.Purchased supplies for $1,560 cash.e.Negotiated and signed a two-year $11,000 loan at the bank.f.Used the money from (e) to purchase a computer for $2,750 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store.g.Placed a grand opening advertisement in the local paper for $400 cash; the ad ran in the current month.h.Made sales on Valentine's Day totaling $3,500; $2,675 was in cash and the rest on accounts receivable. The cost of the candy sold was $1,600.i.Made a $550 payment on accounts payable.j.Incurred and paid employee wages of $1,300.k.Collected accounts receivable of $600 from customers.l.Made a repair to one of the display cases for $400 cash.m.Made cash sales of $1,200 during the rest of the month. The cost of the candy sold was $600.Required:1 & 2.Record in the T-accounts the effects of each transaction for Kaylee’s Sweets in February, referencing each transaction in the accounts with the transaction letter. Show the ending balances in the T- accounts. An example amount has been posted to the Cash T- Account from transaction (l).CashAccounts ReceivableBeg. bal.Beg. bal.400(l)End. bal.End. bal.400SuppliesInventoryBeg. bal.Beg. bal.End. bal.End. bal.Prepaid ExpensesEquipmentBeg.
  • 6. bal.Beg. bal.End. bal.End. bal.Furniture and FixturesAccounts PayableBeg. bal.Beg. bal.End. bal.End. bal.Notes PayableCommon StockBeg. bal.Beg. bal.End. bal.End. bal.Additional Paid-in CapitalSales RevenueBeg. bal.Beg. bal.End. bal.End. bal.Cost of Goods SoldRepair ExpenseBeg. bal.Beg. bal.End. bal.End. bal.Advertising ExpenseWage ExpenseBeg. bal.Beg. bal.End. bal.End. bal.Required:3Prepare an income statement at the end of the month ended February 28, 2014.KAYLEE’S SWEETSIncome Statement (unadjusted)For the Month Ended February 28, 2014Revenues:Expenses:Total cost and expenses-Required:5After three years in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of the business. The following data are available: 2016* 2015 2014 Total assets$ 88,000$ 58,500$ 52,500 Total liabilities49,50022,00018,500 Total stockholders’ equity38,50036,50034,000 Net sale revenue93,50082,50055,000 Net income22,00011,0004,400* At the end of 2016, Kaylee decided to open a second store, requiring loans and inventory purchases prior to the store’s opening in early 2017.5-a.Calculate the net profit margin ratio for each year. (Round your answers to 1 decimal place.)Net Profit Margin Ratio2016%2015%2014%5-b.Do you think you should be promoted? YES NO P3-4 Check FiguresP3-4 Analyzing the Effects of Transactions Using T-Accounts, Preparing an Income Statement, and Evaluating the Net Profit Margin Ratio as a Manager LO3-4, 3- 5, 3-6Kaylee James, a connoisseur of fine chocolate, opened Kaylee’s Sweets in Collegetown on February 1, 2014. The shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. You have been hired as manager. Your duties include maintaining the store’s financial records. The following transactions occurred in February 2014, the first month of operations.a.Received four shareholders’ contributions
  • 7. totaling $30,200 cash to form the corporation; issued 400 shares of $.10 par value common stock.b.Paid three months' rent for the store at $1,750 per month (recorded as prepaid expenses).c.Purchased and received candy for $6,000 on account, due in 60 days.d.Purchased supplies for $1,560 cash.e.Negotiated and signed a two-year $11,000 loan at the bank.f.Used the money from (e) to purchase a computer for $2,750 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store.g.Placed a grand opening advertisement in the local paper for $400 cash; the ad ran in the current month.h.Made sales on Valentine's Day totaling $3,500; $2,675 was in cash and the rest on accounts receivable. The cost of the candy sold was $1,600.i.Made a $550 payment on accounts payable.j.Incurred and paid employee wages of $1,300.k.Collected accounts receivable of $600 from customers.l.Made a repair to one of the display cases for $400 cash.m.Made cash sales of $1,200 during the rest of the month. The cost of the candy sold was $600.Required:1 & 2.Record in the T-accounts the effects of each transaction for Kaylee’s Sweets in February, referencing each transaction in the accounts with the transaction letter. Show the ending balances in the T- accounts. An example amount has been posted to the Cash T- Account from transaction (l).CashAccounts ReceivableBeg. bal.Beg. bal.400(l)End. bal.End. bal.SuppliesInventoryBeg. bal.Beg. bal.End. bal.End. bal.Prepaid ExpensesEquipmentBeg. bal.Beg. bal.End. bal.End. bal.Furniture and FixturesAccounts PayableBeg. bal.Beg. bal.End. bal.End. bal.Notes PayableCommon StockBeg. bal.Beg. bal.End. bal.End. bal.Additional Paid-in CapitalSales RevenueBeg. bal.Beg. bal.End. bal.End. bal.Cost of Goods SoldRepair ExpenseBeg. bal.Beg. bal.End. bal.End. bal.Advertising ExpenseWage ExpenseBeg. bal.Beg. bal.End. bal.End. bal.Required:3Prepare an income statement at the end of the month ended February 28, 2014.KAYLEE’S SWEETSIncome Statement (unadjusted)For the Month Ended February 28, 2014Revenues:Expenses:Total cost and expenses0Net income$400Required:5After three years
  • 8. in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of the business. The following data are available: 2016* 2015 2014 Total assets$ 88,000 $ 58,500 $ 52,500 Total liabilities49,500 22,000 18,500 Total stockholders’ equity38,500 36,500 34,000 Net sale revenue93,500 82,500 55,000 Net income22,000 11,000 4,400 * At the end of 2016, Kaylee decided to open a second store, requiring loans and inventory purchases prior to the store’s opening in early 2017.5-a.Calculate the net profit margin ratio for each year. (Round your answers to 1 decimal place.)Net Profit Margin Ratio2016%2015%2014%5-b.Do you think you should be promoted? YES NO Sheet2List 12112(a)Net incomeAccounts payable(b)Net lossAccounts receivable(c)Additional paid-in- capital(d)Advertising expense(e)Cash(f)Commission expense(g)Common stock(h)Consulting expense(i)Cost of goods sold(j)Equipment(k)Fuel expense(l)Games revenue(m)Insurance expenseInterest expenseInterest revenueInventoryLandMiscellaneous expensesNotes payable (long-term)Notes payable (short-term)Prepaid expensesRent expenseRent revenueRepair expenseRetained earningsSales revenueSuppliesSupplies expenseUnearned revenueUtilities expenseWage expenseWages payable Criterion Unacceptable Minimum Satisfactory Excellent Weight Topic and Introduction The topic has little relevancy in the specified area and no problem statement and the
  • 9. abstract did not give any information about what to expect in the report. The topic has somewhat relevancy and/or the problem statement was poorly constructed, and/or the abstract provides little information on the project Relevant topic is selected and the problem statement is appropriately constructed and/or the abstract provides adequate information on the project
  • 10. Relevant topic is selected and the problem statement is well constructed and the abstract is concise and provides adequate information on the project 20 Score 0 7 17 20 Writing Quality The writing is incoherent, broken, overly long, and contains many spelling or grammatical errors The writing is incoherent, lengthy, and has some spelling or grammar errors The writing is coherent, and only has a few
  • 11. spelling or grammar errors The writing is coherent, concise, free of spelling errors and grammatically correct 10 score 0 5 8 10 Technical Accuracy Work is not accurate. Work has minimal accuracy Work is mostly accurate with less than two minor errors Work is accurate and well constructed 30 score 0 15 26 30 Clarity of Illustrations, Diagrams or Charts Figures, diagrams, tables
  • 12. are sloppy, and/or not accurate, and are not labeled. Figures, diagrams are not especially clear, and but labels and diagrams are accurate. Figures, diagrams, tables are clearly drawn, clearly labeled, accurate Figures, diagrams, tables are clearly drawn, clearly labeled, accurate. Labels are descriptive. Diagrams are exceptionally detailed. 15 Score 0 8 12 15
  • 13. Solution & Conclusion Was not logically or effectively structured and presents an illogical explanation for findings. Needs greater effort to make it a well- constructed paper and the findings were not logically presented. Were logically organized and made good
  • 14. connections among ideas. Presents a logical explanation for findings. Information is logically and creatively organized with smooth transitions. Presents a logical explanation for findings. 25 0 15 21 25 META RUBRIC FOR PROJECT PLAN
  • 15. G:Online Course ManagementSBT Meta RubricsProject Plan Meta Rubric.xlsx