The following financial statements were prepared at the end of the m.pdf
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The following financial statements were prepared at the end of the month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 During June the following transactions occurred: 1) Paid the helper the $200 owed from works done in May (the amount owed is in Accounts Payable). 2) Completed the job for which the customer paid $200 in May. Tops in Topiary collected $1,000 in cash once finished. 3) Paid $500 for the rent of July. 4) At the end of June notices that there are no supplies left. Makes a note to buy some in July. 5) At the end of June notices that there are few flyers left (used for advertising) worth $100 and decides to order some for July. Before ordering, the printer (supplier of flyers) asks to be paid $500 of the amount owed for the flyers done in May. Tops in Topiary pays $500. 6) In June collected in cash $3,000 for 3 jobs are done for a total of $4,200, the rest is owed in account by the customers. 7) In June decided to start depreciating the equipment bought for $360 that is expected to last for 3 years. 8) In June 23rd Edward Scissorhands withdrew some cash for personal reasons ($3,000). Prepare "T" Accounts in ACCRUAL Basis for the period ended on June 30th and then answer the question. At the end of the accounting period (June 30th, T account after AJE), what is the total of Current Liabilities?Revenue$2,540Expenses:Rent Expense$500Advertising Expense$500Wages Expense$200$1,200Net Income$1,340.
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REQUIRED This project is worth 25 points. It is an opportunit.docx
REQUIRED: This project is worth 25 points. It is an opportunity to put together some of the
things you have learned in different parts of this course. Read the case and answer the
requirements below. To receive credit you must show your calculations and write full answers
using one side of a page for each requirement (1-5). We must ask you to handwrite your answers.
Hand your project in to the accounting lab 133MH during lab hours on or before Thursday
November 15 at 6 PM.
1) YOUR NAME ________________________________________________
2) YOUR PEOPLESOFT ID ____________________________________________
3) YOUR INSTRUCTOR’S NAME _____________________________
4) YOUR RECEIPT NUMBER _______________(lab assistants will give you this)
CASE
Manny Fold owns a factory that specializes in making titanium valves for high performance
engines on a just in time basis. Thus, Manny produces what he sells in a particular month. There
are no inventories of finished goods or work in process. However, Manny does require that an
inventory of direct raw materials equal to 10% of next month’s production requirement be
available at the end of each month. To build his business and gain new customers Manny has
extended generous credit terms to his customers. While Manny is confident about the
fundamentals of his business, he is concerned about the possible cash flow implications.
Manny’s clients drive a hard bargain because they can easily switch suppliers. They all do pay
eventually, but many of them take their time about doing so and Manny is reluctant to get tough
with them for fear they will take their business elsewhere. He tells you that all his sales are on
credit (no cash sales). He typically collects only 20% of sales in the month of the sale, 40% of
sales in the month after the sale and 40% of sales two months later (for example 20% of August
sales are collected in August, 40% in September and 40% in October). On the other hand he pays
for 70% of his materials purchases in the month of the purchase and only 30% in the month after.
Costs of labor and overhead other than depreciation property taxes and insurance are paid in the
same month they are incurred. Property taxes for 3 months will be paid in October. Monthly
fixed selling and administrative costs, other than interest, amount to $41,000, of which $10,000
is depreciation. These operating costs, excepting depreciation, are paid in cash in the month
incurred. There are no variable selling or administrative costs. Manny has large tax loss carry
forwards from a previous unsuccessful business venture. Therefore he does not expect to pay any
income taxes this year. (In other words you may ignore income taxes).
Sales revenues in August were $315,000 and in September are expected to be $325,500.
Purchases in September total $92,480. The budgeted selling price of valves for October,
November, and December is $21 per valve. Because of ma ...
chapters from 1 - 3.pdf
The document summarizes transactions from May for Solki's Repair Shop. Key details include:
- Solki Lee started the repair shop on May 1 and invested $10,000 in cash.
- The shop purchased $5,000 of equipment for cash and paid $400 for May office rent in cash.
- The shop received $6,100 in cash from customers, paid $2,000 in employee salaries, and $170 in utility bills.
- The shop performed $750 of repair services on account and collected $120 in cash for those services.
chapters from 1 - 3.doc
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.
Surname 3Name of the studentCourseDatePhoto An.docx
Surname: 3
Name of the student:
Course:
Date:
Photo Analysis
Many publications have been made about the historic 2011 earthquake, tsunami and subsequent nuclear accident that occurred in Japan. The magnitude of the earthquake was 8.9. Authors and photographers have published many articles with photographs of the tragedy, commonly referred to as "3/11". The earthquake hit the Tohoku region of Japan. It swept away the entire town, killed thousands of dwellers and triggered a nuclear meltdown at the Fukushima Daiichi Nuclear Power Plant. Many damages were mostly along the coastline.
The above photo shows a wave that resulted from the tsunami earthquake as it approached Miyako City from the Heigawi estuary in Iwate Prefecture. The picture was taken on March 11, 2011, by Mainichi Shimbun. The photo shows the wave sweeping everything on the coastline including vehicles and houses. In the ocean, ships are seen as they are carried away, and others stack in the waters. Some part of the city is submerged by the waters. The wave looks very strong and fast approaching, carrying and destroying everything on its way. This part was one of the most affected parts by the tragedy. Much of the town city was destroyed. The photo is just representation on how the deadly waves approached the cities in Japan destroying people and properties.
References
BBC news. (Match 11, 2011). Japan earthquake: Tsunami hits north-east. BBC News
CNN Wire Staff, (March 12, 2011). Widespread destruction from Japan earthquake, tsunamis. CNN
Samuels, R. J. (2013). 3.11: Disaster and Change in Japan. Cornell University Press
Taylor, A. (2011). Japan Earthquake: Aftermath. In Focus
ACCT 2202 MASTER BUDGETING PROJECT
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings
to various retail outlets located in shopping malls across the country. In the past, the company has done
very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.
Since you are well trained in budgeting, you have decided to prepare comprehensive budgets for the
upcoming second quarter in order to show management the benefits that can be gained from an
integrated budgeting program. To this end, you have worked with accounting and other areas to gather
the information assembled below.
The company sells many styles of earrings, but all are sold for the same price—$10 per pair. Actual sales
of earrings for the last three months and budgeted sales for the next six months follow (in pairs of
earrings):
The concentration of sales before and during May is due to Mother’s Day. Sufficient inventory should be
on hand at the end of each month to supply 40% of the earrings sold in the following month.
Suppliers are paid $4 for a pair of earrings. One-half of a month’s purchases is paid for in the month of
purchase; the other half is paid for in the following month. All sales ...
The following are the balances in the accounts for Joan Miller Adver.pdf
The following are the balances in the accounts for Joan Miller Advertising Agency as of January
31, 2010:
Totals $14,660 14,660
During the month of February, the agency engaged in the following transactions:
Feb. 1 Received an additional investment of cash from Joan Miller, $6,000.
Feb. 2 Purchased additional office equipment with cash, $800.
Feb. 5 Received art equipment transferred to the business from Joan Miller, $1,400.
Feb. 6 Purchased additional office supplies with cash, $80
Feb. 7 Purchased additional art supplies on credit from Taylor Supply Company, $500.
Feb. 8 Completed the series of advertisements for Marsh Tire Company that began on January
31, and billed Marsh Tire Company for the total services performed, including the accrued
revenues that had been recognized in January of $200 (see accounts receivable). The total bill is
$800.
Feb. 9 Paid the secretary for two weeks\' wages, $600.
Feb. 12 Paid the amount due to Morgan Equipment for the office equipment purchased last
month $1,500
Feb. 13 Accepted an advance fee in cash for artwork to be done for another agency, $1,800.
Feb. 14 Purchased a copier from Morgan Equipment for $2,100, paying $250 in cash and
agreeing to pay the rest in equal payments over the next five months.
Feb. 15 Performed advertising services and accepted a cash fee, $1,050.
Feb. 16 Received payment on account from Ward Department Stores for services performed last
month, $2,800.
Feb. 19 Paid amount due for the telephone bill that was received and recorded at the end of
January , $70.
Feb. 20 Performed advertising services for Ward Department Stores and agreed to accept
payment next month, $3,200.
Feb. 21 Performed art services for a cash fee, $580.
Feb. 22 Received and paid the utility bill for February, $110. Paid the secretary for two weeks\'
wages, $600.
Feb. 26 Paid the rent for March in advance, $400.
Feb. 27 Received the telephone bill for February, which is to be paid next month, $80.
Feb. 28 Paid out cash to Joan Miller as a withdrawal for personal living expenses, $1,400.
At the end of February, adjustments are made for the following:
a. One month\'s prepaid rent has expired.
b. One month\'s prepaid insurance has expired, $40.
c. An inventory of art supplies reveals $720 of supplies are still on hand on February 28th.
d. An inventory of office supplies reveals $300 in office supplies have been used in February.
e. Depreciation on the Art equipment for February is calculated to be $90.
f. Depreciation on the Office equipment for February is calculated to be $100.
g. Art services performed for which payment has been received in advance total $1,400
h. Advertising services performed that will not be billed until March total $340.
i. Three days\' worth of secretarial wages had accrued by the end of February.
Required
1. Prepare the general journal entries the transactions completed in February 2010 and the
general journal entires the adjustments neccessary at the end of February.
2. T-Account for the .
Master BudgetYou have just been hired as a new management tra.docx
Master Budget
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below.
The company sells many styles of earrings, but all are sold for the same price—$10 per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings):
January (actual)
30,000
June (budget)
45,000
February (actual)
20,000
July (budget)
40,000
March (actual)
50,000
August (budget)
30,000
April (budget)
70,000
September (budget)
20,000
May (budget)
95,000
Sufficient inventory should be on hand at the end of each month to supply 40% of the earrings sold in the following month.
Suppliers are paid $3 for a pair of earrings. 40% of a month’s purchases is paid for in the month of purchase; the other 60% is paid for in the following month. All sales are on credit. Only 30% of a month’s sales are collected in the month of sale. An additional 60% is collected in the following month, and the remaining 10% is collected in the second month following sale.
Monthly operating expenses for the company are given below:
Variable:
Sales commissions
5% of sales
Fixed:
Advertising
$
190,000
Rent
$
20,000
Salaries
$
100,000
Utilities
$
8,000
Insurance
$
3,000
Depreciation
$
14,000
Insurance is paid on an annual basis, in November of each year.
At the end of June, the company received $4,000 deposit for July sales. Sales in advance is a liability.
The company plans to purchase $20,000 in new equipment during May and $60,000 in new equipment during June; both purchases will be for cash. The company declares dividends of $15,000 each quarter, payable in the first month of the following quarter.
The company’s balance sheet as of March 31 is given below:
Assets
Cash
$
74,000
Accounts receivable ($20,000 February sales; $350,000 March sales)
370,000
Inventory
80,000
Prepaid insurance
21,000
Property and equipment (net)
950,000
Total assets
$
1,495,000
Liabilities and Stockholders’ Equity
Accounts payable
$
100,000
Dividends payable
15,000
Common stock
800,000
Retained earnings
580,000
Total liabilities and stockholders’ equity
$
1,495,000
The company maintains a minimum cash balance of $50,000. All borrowing is done at the beginning of a month; any repayments are made at the end of a month.
The company has an agreement with a bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is n.
The equity sections for Atticus Group at the beginning of the year (Ja.pdf
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the
year (December 3i) follow. The following transactions and events affected its equity during the
year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. March 20
Purchased treasury stock for cash. Apri1 5 Deelared a $0.40 per share cash dividend, date of
record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31
Declared a 203 stock dividend when the stock's market value vas $14 per share. August 14
Issued the stock dividend that was declared on July 31. october 5 Declared a $0.40 per mhare
cash dividend, date of record october 10. Required: 1. How many common shares are
outstanding on each cash dividend date? [The following information applies to the questions
displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1)
and end of the year (December 31 ) follow. The following transactions and events affected its
equity during the year. January 5 peelaxed a $0.40 per share cash dividend, date of record
January 10. March 20 Purchased treasury itook for cash. Apri2 5 Declared a $0.40 per share eash
dividend, date of rocord April 10. July 5 peclared a $0.40 per ahare cash dividend, date of record
July 10. July 31 Deolared a 20 s stoek dividend when the stock's market value was $14 per ahare.
Auguat i4 Isaued the Btoek dividend that was declared on July 31 . october 5 Deolared a 50.40
por ahare cash dividend, date of record october 10. 2. What is the total dollar amount for each of
the four cash dividends? What is the amount of retained earnings transferred to paid-in capital
accounts (capitalized) for the stock dividend? The following transactions and events affected its
equity during the year. January 5 Deelared a $0.40 per share cash dividend, date of record
January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.40 per share cash
dividend, date of record Apri1 10. July 5 Declared a $0.40 per share cash dividend, date of
record July 10. July 31 Declared a 208 stock dividend when the stock's market value was $14 per
ahare. August 14 Issued the stook dividend that was declared on July 31. October 5 Declared a
$0.40 per share cash dividend, date of record October 10. What is the per share cost of the
treasury stock purchased? (Round your answer to 2 decimal places.) Less cost of treasury stock
Total stookholders' equity The following transactions and events affected its equity during the
year. January 5 Declared a \$0.40 per share cash dividend, date of record January 10. March 20
Purchased treasury stock for cash. April 5 Declared a $0.40 per share cash dividend, date of
record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31
Declared a 208 stock dividend when the stock's market value was \$14 per share. August 14
Issued the stock dividend that was declared on July 31 . October 5 Declared .
ACT 305 Module 6 Assignment Choice #1- Cost of Production
Hillyard Company prepares a quarterly master budget. The summary provides data on the company's account balances from the prior quarter, budgeted sales figures for the next four months, cost of goods sold and expense percentages, planned equipment purchases, and dividend payments. The assistant is asked to complete a schedule of expected cash collections, merchandise purchases budget, schedule of expected cash disbursements for purchases and expenses, and a cash budget for the first quarter using the provided data. The completed budgets must be organized in an Excel spreadsheet.
Recommended
REQUIRED This project is worth 25 points. It is an opportunit.docx
REQUIRED: This project is worth 25 points. It is an opportunity to put together some of the
things you have learned in different parts of this course. Read the case and answer the
requirements below. To receive credit you must show your calculations and write full answers
using one side of a page for each requirement (1-5). We must ask you to handwrite your answers.
Hand your project in to the accounting lab 133MH during lab hours on or before Thursday
November 15 at 6 PM.
1) YOUR NAME ________________________________________________
2) YOUR PEOPLESOFT ID ____________________________________________
3) YOUR INSTRUCTOR’S NAME _____________________________
4) YOUR RECEIPT NUMBER _______________(lab assistants will give you this)
CASE
Manny Fold owns a factory that specializes in making titanium valves for high performance
engines on a just in time basis. Thus, Manny produces what he sells in a particular month. There
are no inventories of finished goods or work in process. However, Manny does require that an
inventory of direct raw materials equal to 10% of next month’s production requirement be
available at the end of each month. To build his business and gain new customers Manny has
extended generous credit terms to his customers. While Manny is confident about the
fundamentals of his business, he is concerned about the possible cash flow implications.
Manny’s clients drive a hard bargain because they can easily switch suppliers. They all do pay
eventually, but many of them take their time about doing so and Manny is reluctant to get tough
with them for fear they will take their business elsewhere. He tells you that all his sales are on
credit (no cash sales). He typically collects only 20% of sales in the month of the sale, 40% of
sales in the month after the sale and 40% of sales two months later (for example 20% of August
sales are collected in August, 40% in September and 40% in October). On the other hand he pays
for 70% of his materials purchases in the month of the purchase and only 30% in the month after.
Costs of labor and overhead other than depreciation property taxes and insurance are paid in the
same month they are incurred. Property taxes for 3 months will be paid in October. Monthly
fixed selling and administrative costs, other than interest, amount to $41,000, of which $10,000
is depreciation. These operating costs, excepting depreciation, are paid in cash in the month
incurred. There are no variable selling or administrative costs. Manny has large tax loss carry
forwards from a previous unsuccessful business venture. Therefore he does not expect to pay any
income taxes this year. (In other words you may ignore income taxes).
Sales revenues in August were $315,000 and in September are expected to be $325,500.
Purchases in September total $92,480. The budgeted selling price of valves for October,
November, and December is $21 per valve. Because of ma ...
chapters from 1 - 3.pdf
The document summarizes transactions from May for Solki's Repair Shop. Key details include:
- Solki Lee started the repair shop on May 1 and invested $10,000 in cash.
- The shop purchased $5,000 of equipment for cash and paid $400 for May office rent in cash.
- The shop received $6,100 in cash from customers, paid $2,000 in employee salaries, and $170 in utility bills.
- The shop performed $750 of repair services on account and collected $120 in cash for those services.
chapters from 1 - 3.doc
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.
Surname 3Name of the studentCourseDatePhoto An.docx
Surname: 3
Name of the student:
Course:
Date:
Photo Analysis
Many publications have been made about the historic 2011 earthquake, tsunami and subsequent nuclear accident that occurred in Japan. The magnitude of the earthquake was 8.9. Authors and photographers have published many articles with photographs of the tragedy, commonly referred to as "3/11". The earthquake hit the Tohoku region of Japan. It swept away the entire town, killed thousands of dwellers and triggered a nuclear meltdown at the Fukushima Daiichi Nuclear Power Plant. Many damages were mostly along the coastline.
The above photo shows a wave that resulted from the tsunami earthquake as it approached Miyako City from the Heigawi estuary in Iwate Prefecture. The picture was taken on March 11, 2011, by Mainichi Shimbun. The photo shows the wave sweeping everything on the coastline including vehicles and houses. In the ocean, ships are seen as they are carried away, and others stack in the waters. Some part of the city is submerged by the waters. The wave looks very strong and fast approaching, carrying and destroying everything on its way. This part was one of the most affected parts by the tragedy. Much of the town city was destroyed. The photo is just representation on how the deadly waves approached the cities in Japan destroying people and properties.
References
BBC news. (Match 11, 2011). Japan earthquake: Tsunami hits north-east. BBC News
CNN Wire Staff, (March 12, 2011). Widespread destruction from Japan earthquake, tsunamis. CNN
Samuels, R. J. (2013). 3.11: Disaster and Change in Japan. Cornell University Press
Taylor, A. (2011). Japan Earthquake: Aftermath. In Focus
ACCT 2202 MASTER BUDGETING PROJECT
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings
to various retail outlets located in shopping malls across the country. In the past, the company has done
very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.
Since you are well trained in budgeting, you have decided to prepare comprehensive budgets for the
upcoming second quarter in order to show management the benefits that can be gained from an
integrated budgeting program. To this end, you have worked with accounting and other areas to gather
the information assembled below.
The company sells many styles of earrings, but all are sold for the same price—$10 per pair. Actual sales
of earrings for the last three months and budgeted sales for the next six months follow (in pairs of
earrings):
The concentration of sales before and during May is due to Mother’s Day. Sufficient inventory should be
on hand at the end of each month to supply 40% of the earrings sold in the following month.
Suppliers are paid $4 for a pair of earrings. One-half of a month’s purchases is paid for in the month of
purchase; the other half is paid for in the following month. All sales ...
The following are the balances in the accounts for Joan Miller Adver.pdf
The following are the balances in the accounts for Joan Miller Advertising Agency as of January
31, 2010:
Totals $14,660 14,660
During the month of February, the agency engaged in the following transactions:
Feb. 1 Received an additional investment of cash from Joan Miller, $6,000.
Feb. 2 Purchased additional office equipment with cash, $800.
Feb. 5 Received art equipment transferred to the business from Joan Miller, $1,400.
Feb. 6 Purchased additional office supplies with cash, $80
Feb. 7 Purchased additional art supplies on credit from Taylor Supply Company, $500.
Feb. 8 Completed the series of advertisements for Marsh Tire Company that began on January
31, and billed Marsh Tire Company for the total services performed, including the accrued
revenues that had been recognized in January of $200 (see accounts receivable). The total bill is
$800.
Feb. 9 Paid the secretary for two weeks\' wages, $600.
Feb. 12 Paid the amount due to Morgan Equipment for the office equipment purchased last
month $1,500
Feb. 13 Accepted an advance fee in cash for artwork to be done for another agency, $1,800.
Feb. 14 Purchased a copier from Morgan Equipment for $2,100, paying $250 in cash and
agreeing to pay the rest in equal payments over the next five months.
Feb. 15 Performed advertising services and accepted a cash fee, $1,050.
Feb. 16 Received payment on account from Ward Department Stores for services performed last
month, $2,800.
Feb. 19 Paid amount due for the telephone bill that was received and recorded at the end of
January , $70.
Feb. 20 Performed advertising services for Ward Department Stores and agreed to accept
payment next month, $3,200.
Feb. 21 Performed art services for a cash fee, $580.
Feb. 22 Received and paid the utility bill for February, $110. Paid the secretary for two weeks\'
wages, $600.
Feb. 26 Paid the rent for March in advance, $400.
Feb. 27 Received the telephone bill for February, which is to be paid next month, $80.
Feb. 28 Paid out cash to Joan Miller as a withdrawal for personal living expenses, $1,400.
At the end of February, adjustments are made for the following:
a. One month\'s prepaid rent has expired.
b. One month\'s prepaid insurance has expired, $40.
c. An inventory of art supplies reveals $720 of supplies are still on hand on February 28th.
d. An inventory of office supplies reveals $300 in office supplies have been used in February.
e. Depreciation on the Art equipment for February is calculated to be $90.
f. Depreciation on the Office equipment for February is calculated to be $100.
g. Art services performed for which payment has been received in advance total $1,400
h. Advertising services performed that will not be billed until March total $340.
i. Three days\' worth of secretarial wages had accrued by the end of February.
Required
1. Prepare the general journal entries the transactions completed in February 2010 and the
general journal entires the adjustments neccessary at the end of February.
2. T-Account for the .
Master BudgetYou have just been hired as a new management tra.docx
Master Budget
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below.
The company sells many styles of earrings, but all are sold for the same price—$10 per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings):
January (actual)
30,000
June (budget)
45,000
February (actual)
20,000
July (budget)
40,000
March (actual)
50,000
August (budget)
30,000
April (budget)
70,000
September (budget)
20,000
May (budget)
95,000
Sufficient inventory should be on hand at the end of each month to supply 40% of the earrings sold in the following month.
Suppliers are paid $3 for a pair of earrings. 40% of a month’s purchases is paid for in the month of purchase; the other 60% is paid for in the following month. All sales are on credit. Only 30% of a month’s sales are collected in the month of sale. An additional 60% is collected in the following month, and the remaining 10% is collected in the second month following sale.
Monthly operating expenses for the company are given below:
Variable:
Sales commissions
5% of sales
Fixed:
Advertising
$
190,000
Rent
$
20,000
Salaries
$
100,000
Utilities
$
8,000
Insurance
$
3,000
Depreciation
$
14,000
Insurance is paid on an annual basis, in November of each year.
At the end of June, the company received $4,000 deposit for July sales. Sales in advance is a liability.
The company plans to purchase $20,000 in new equipment during May and $60,000 in new equipment during June; both purchases will be for cash. The company declares dividends of $15,000 each quarter, payable in the first month of the following quarter.
The company’s balance sheet as of March 31 is given below:
Assets
Cash
$
74,000
Accounts receivable ($20,000 February sales; $350,000 March sales)
370,000
Inventory
80,000
Prepaid insurance
21,000
Property and equipment (net)
950,000
Total assets
$
1,495,000
Liabilities and Stockholders’ Equity
Accounts payable
$
100,000
Dividends payable
15,000
Common stock
800,000
Retained earnings
580,000
Total liabilities and stockholders’ equity
$
1,495,000
The company maintains a minimum cash balance of $50,000. All borrowing is done at the beginning of a month; any repayments are made at the end of a month.
The company has an agreement with a bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is n.
The equity sections for Atticus Group at the beginning of the year (Ja.pdf
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the
year (December 3i) follow. The following transactions and events affected its equity during the
year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. March 20
Purchased treasury stock for cash. Apri1 5 Deelared a $0.40 per share cash dividend, date of
record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31
Declared a 203 stock dividend when the stock's market value vas $14 per share. August 14
Issued the stock dividend that was declared on July 31. october 5 Declared a $0.40 per mhare
cash dividend, date of record october 10. Required: 1. How many common shares are
outstanding on each cash dividend date? [The following information applies to the questions
displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1)
and end of the year (December 31 ) follow. The following transactions and events affected its
equity during the year. January 5 peelaxed a $0.40 per share cash dividend, date of record
January 10. March 20 Purchased treasury itook for cash. Apri2 5 Declared a $0.40 per share eash
dividend, date of rocord April 10. July 5 peclared a $0.40 per ahare cash dividend, date of record
July 10. July 31 Deolared a 20 s stoek dividend when the stock's market value was $14 per ahare.
Auguat i4 Isaued the Btoek dividend that was declared on July 31 . october 5 Deolared a 50.40
por ahare cash dividend, date of record october 10. 2. What is the total dollar amount for each of
the four cash dividends? What is the amount of retained earnings transferred to paid-in capital
accounts (capitalized) for the stock dividend? The following transactions and events affected its
equity during the year. January 5 Deelared a $0.40 per share cash dividend, date of record
January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.40 per share cash
dividend, date of record Apri1 10. July 5 Declared a $0.40 per share cash dividend, date of
record July 10. July 31 Declared a 208 stock dividend when the stock's market value was $14 per
ahare. August 14 Issued the stook dividend that was declared on July 31. October 5 Declared a
$0.40 per share cash dividend, date of record October 10. What is the per share cost of the
treasury stock purchased? (Round your answer to 2 decimal places.) Less cost of treasury stock
Total stookholders' equity The following transactions and events affected its equity during the
year. January 5 Declared a \$0.40 per share cash dividend, date of record January 10. March 20
Purchased treasury stock for cash. April 5 Declared a $0.40 per share cash dividend, date of
record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31
Declared a 208 stock dividend when the stock's market value was \$14 per share. August 14
Issued the stock dividend that was declared on July 31 . October 5 Declared .
ACT 305 Module 6 Assignment Choice #1- Cost of Production
Hillyard Company prepares a quarterly master budget. The summary provides data on the company's account balances from the prior quarter, budgeted sales figures for the next four months, cost of goods sold and expense percentages, planned equipment purchases, and dividend payments. The assistant is asked to complete a schedule of expected cash collections, merchandise purchases budget, schedule of expected cash disbursements for purchases and expenses, and a cash budget for the first quarter using the provided data. The completed budgets must be organized in an Excel spreadsheet.
SDW is a large international construction company. The company is i.pdf
SDW is a large international construction company. The company is involved in many small
pro-jects both in the United States and around the world. One of these is a sewer line installation
project in a Midwest city. The contract is what is called a cost plus contract, meaning that the
city will pay for all direct costs, including materials and labor, of the project plus an additional
fee to SDW. Roberta Bernhart is the human resources (HR) manager for the project and is
responsible for over-seeing all aspects of employee compensation and HR issues.
SDW is required to produce a variety of reports to the city council on an annual basis. Recently,
the council asked SDW to prepare a report showing the current hourly rates for the non- salaried
work crew on the project. Specifically, the council is interested in any proposed pay increases to
the work crew that will ultimately be passed along to the city. In response to the citys request,
Roberta put together a data file for all 19 non-salaried work crew members, called SDW,
which shows their current hourly pay rate and the proposed increase to take place the first of
next month.
The city council expects the report to contain both graphic and numerical descriptive analyses.
Roberta has outlined the following tasks and has asked you to help her.
Required Tasks:
1. Develop and interpret histograms showing the distributions of current hourly rates and
proposed new hourly rates for the crew members.
2. Compute and interpret key measures of central tendency and variation for the current and new
hourly rates. Determine the coefficient of variation for each. Interpret.
3. Compute a new variable called Pay Increase that reflects the difference between the proposed
new pay rate and the current rate. Develop a histogram for this variable, and then compute key
measures of the center and variation for the new variable.
4. Compute a new variable that is the percentage increase in hourly pay rate. Prepare a graphical
and numerical description of this new variable.
5. Develop joint frequency and joint relative frequency distribution for Pay Increase based on
gender.
6. Develop a box and whisker plot that compares the percentage increase in hourly pay rate by
gender.
7. Prepare a report to the city council that contains the results from tasks 16..
Question 10 Manila Water, the provider of the water and sewe.pdf
Question 10
Manila Water, the provider of the water and sewerage services in the capital of the Philippines
has
purchased the government owned water and sewerage system for the entire country. It promises
to
make the nation's water and sewerage system run as efficiently and profitably as the one it
operates in
Manila. To achieve this goal, Manila Water's top management will first need to engage in _____
planning
to determine what resources are needed to achieve this goal.
O tactical
O operational
O supervisory
O strategic
O functional
Question 9
Medical diagnostic equipment specialist Georgiana Rutland was asked to attend a medical
conference in which the attendees discussed new uses for laser technology in diagnosing certain
types of cancer. Rutland exerted considerable influence over the decisions to adopt the laser
technology because of her ___ power.
O expert
O legitimate
O referent
O controlling
O coercive
Question 8
Steve Miller, group managing director of the Royal Dutch/Shell Group of Companies, uses what
has been labeled as "grassroots leadership" He devotes more then 50 percent of his work time to
getting input from the company's front-line employees. By listening to their suggestions, the
company has increased its productivity and placed an emphasis on quality. His leadership style
is:
O autocratic
O multi-dimensional
O reactive
O participative
O defensive.
Question 3 of 10 View Policies Current Attempt in Progress Bridgep.pdf
Question 3 of 10 View Policies Current Attempt in Progress < Bridgeport Inc. issues 4,150
shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the
preferred stock. (List all debit entries before credit entries. Credit account titles are automatically
indented when amount is entered. Do not indent manually.) Account Titles and Explanation
eTextbook and Media List of Accounts > Save for Later Debit -/2 Credit Attempts: 0 of 3 used
Submit Answer Bridgeport Inc. issues 4,150 shares of $100 par value preferred stock for cash at
$135 per share. Journalize the issuance of the preferred stock. (List all debit entries before credit
entries. Credit occount tities are automotically indented when amount is entered. Do not indent
manually.) eTextbook and Media List of Accounts Attempts: 0 of 3 used.
Q1- On January 1, 2021, P Company acquired 100 of the outstanding sto.pdf
Q1- On January 1, 2021, P Company acquired 100% of the outstanding stock shares of S
Company for a cash payment of 8,000 . Balance Sheets P Company and S Company Jan 01,
2021 P Company S Company Cash 120,000 2,000 Other Current Assets 150,000 5,000
Equipment (net) 100,000 4,000 Land 30,000 2,000 Total Assets 400,000 13,000 Liabilities
60,000 5,000 Common Stock 10 Par Value 200,000 5,000 Other Contributed Capital 40,000
1,000 Retained Earnings 100,000 2.000 Total Liabilities and Equity 400,000 13,000 Instructions:
a)- Record journal entry for investment. b)- Record Eliminating Entries c)- Record the
Computation and Allocation of Difference (Between Implied and Book Values) Schedule. d)-
Record the Consolidated Balance Sheet.
PROMPTHarriet Knox, Ralph Patton, and Marcia Diamond work for a fa.pdf
PROMPT
Harriet Knox, Ralph Patton, and Marcia Diamond work for a family physician, Dr. Gwen
Conrad, who is in private practice. Dr. Conrad is knowledgeable about office management
practices and has segregated the cash receipt duties as follows. Knox opens the mail and
prepares a triplicate list of money received. She sends one copy of the list to Patton, the cashier,
who deposits the receipts daily in the bank. Diamond, the recordkeeper, receives a copy of the
list and posts payments to patients accounts. About once a month the office clerks have an
expensive lunch they pay for as follows. First, Patton endorses a patients check in Dr. Conrads
name and cashes it at the bank. Knox then destroys the remittance advice accompanying the
check. Finally, Diamond posts payment to the customers account as a miscellaneous credit. The
three justify their actions by their relatively low pay and knowledge that Dr. Conrad will likely
never miss the money.
REQUIREMENTS
Please address the following:.
The stockholders equity accounts of Ivanhoe Corporation on January .pdf
The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows.
Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4
stated value, 294,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock
(4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the
following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31
940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800.
Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash
dividend on preferred stock, payable November 1. Paid the dividend declared on October 1.
Declared a $0.70 per share cash dividend to common stockholders of record on December 15,
payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity
accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the
corporation had the following transactions and events pertaining to its stockholders' equity. Feb.
1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares
of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock,
payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70
per share cash dividend to common stockholders of record on December 15, payable December
31. 2027. Dec. 31 Paid the dividend declared on December 1.
(a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the
beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include
margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal
ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign
or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in
Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock
require a negative sign or parentheses.
(a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 .
Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I.
Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in-
capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.
Problem 2 Chapter 9 Moving expensesInstructionsAt the request of he.pdf
Problem 2: Chapter 9: Moving expensesInstructions:At the request of her employer, Mrs. Sheila
Sanders moves from Vancouver to Ottawa so she can work at the Ottawa head office instead of
the Vancouver office. She moves into her residence on July 1, 2019 with her family of 5 (Sheila,
her spouse, and 3 children). She earned $200,000 of employment income this year, $100,000 of
which related to her work at the Ottawa head office. She incurred a variety of moving expenses
related to the move. She will use the simplified method for calculating all mileage and meal
costs. Assume that the relevant flat rate for vehicle expenses is $0.58/km for all provinces, and
the flat rate for meals is $51 per day per person. The expenses include:1. They drove from
Vancouver to Ottawa during their move. They spent $1,100 on fuel costs during the 4500 km
drive, and also required a $40 oil chage. They also switched over to their summer tires, which
cost $100. 2. They spent 6 days driving during the course of their move. During these 6 travel
days, they spent $600 on take out meals total for the 5 family members. 3. They also spent $1500
on hotels total during the 6 moving days/nights as they drove from Vancouver to Ottawa. 4. They
paid a moving company $4800 to transport their furniture and belongings in a moving truck
across the country. Sheila's employer agreed to directly reimburse her for $1850 of these moving
truck costs. 5. Their belongings needed to be stored for several days before it could all be moved
in because of a difference between the old residence closing date and the earliest move-in date of
the new residence. The storage costs amounted to $750. 6. Three weeks before their move,
Sheila took a plane to Ottawa to check out potential houses to buy. The travel costs for this house
hunting trip included a $2400 plane ride, $350 in lodging cost, and $200 in meals. 7. Sheila
sanders sold her old residence of $250,000. The closing date was May 20, 2019. Sheila paid
$2000 in legal fees during the sale of the old residence. Additionally, she paid $27500 in real
estate commissions and $2100 in unpaid property taxes to the date of sale. She also paid $500 to
clean and make minor repairs to her old residence prior to sale. 8. While Sheila will continue to
work in Vancouver until June 1, the closing on the old residence was May 20. During the period
from May 20 to June 1 (12 days), Sheila and her family resides in a Vancouver hotel. The
temporary living costs associated with this 12 day period include:a. Hotel in Vancouver (12
nights at $165 per night) $1980b. Food in Vancouver (12 days- total for all five family members)
$1,0009. Sheila and her family departs from Vancouver on June 1 and arrives 6 days later in
Ottawa. Their new house is not available until July 1, 2019, so the family spends 24 nights in a
hotel in Ottawa. The temporary living costs associated with this 24 day period include:a. Hotel in
Ottawa (24 nights at $185 per night) $4440b. Food in Ottawa .
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SDW is a large international construction company. The company is i.pdf
SDW is a large international construction company. The company is involved in many small
pro-jects both in the United States and around the world. One of these is a sewer line installation
project in a Midwest city. The contract is what is called a cost plus contract, meaning that the
city will pay for all direct costs, including materials and labor, of the project plus an additional
fee to SDW. Roberta Bernhart is the human resources (HR) manager for the project and is
responsible for over-seeing all aspects of employee compensation and HR issues.
SDW is required to produce a variety of reports to the city council on an annual basis. Recently,
the council asked SDW to prepare a report showing the current hourly rates for the non- salaried
work crew on the project. Specifically, the council is interested in any proposed pay increases to
the work crew that will ultimately be passed along to the city. In response to the citys request,
Roberta put together a data file for all 19 non-salaried work crew members, called SDW,
which shows their current hourly pay rate and the proposed increase to take place the first of
next month.
The city council expects the report to contain both graphic and numerical descriptive analyses.
Roberta has outlined the following tasks and has asked you to help her.
Required Tasks:
1. Develop and interpret histograms showing the distributions of current hourly rates and
proposed new hourly rates for the crew members.
2. Compute and interpret key measures of central tendency and variation for the current and new
hourly rates. Determine the coefficient of variation for each. Interpret.
3. Compute a new variable called Pay Increase that reflects the difference between the proposed
new pay rate and the current rate. Develop a histogram for this variable, and then compute key
measures of the center and variation for the new variable.
4. Compute a new variable that is the percentage increase in hourly pay rate. Prepare a graphical
and numerical description of this new variable.
5. Develop joint frequency and joint relative frequency distribution for Pay Increase based on
gender.
6. Develop a box and whisker plot that compares the percentage increase in hourly pay rate by
gender.
7. Prepare a report to the city council that contains the results from tasks 16..
Question 10 Manila Water, the provider of the water and sewe.pdf
Question 10
Manila Water, the provider of the water and sewerage services in the capital of the Philippines
has
purchased the government owned water and sewerage system for the entire country. It promises
to
make the nation's water and sewerage system run as efficiently and profitably as the one it
operates in
Manila. To achieve this goal, Manila Water's top management will first need to engage in _____
planning
to determine what resources are needed to achieve this goal.
O tactical
O operational
O supervisory
O strategic
O functional
Question 9
Medical diagnostic equipment specialist Georgiana Rutland was asked to attend a medical
conference in which the attendees discussed new uses for laser technology in diagnosing certain
types of cancer. Rutland exerted considerable influence over the decisions to adopt the laser
technology because of her ___ power.
O expert
O legitimate
O referent
O controlling
O coercive
Question 8
Steve Miller, group managing director of the Royal Dutch/Shell Group of Companies, uses what
has been labeled as "grassroots leadership" He devotes more then 50 percent of his work time to
getting input from the company's front-line employees. By listening to their suggestions, the
company has increased its productivity and placed an emphasis on quality. His leadership style
is:
O autocratic
O multi-dimensional
O reactive
O participative
O defensive.
Question 3 of 10 View Policies Current Attempt in Progress Bridgep.pdf
Question 3 of 10 View Policies Current Attempt in Progress < Bridgeport Inc. issues 4,150
shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the
preferred stock. (List all debit entries before credit entries. Credit account titles are automatically
indented when amount is entered. Do not indent manually.) Account Titles and Explanation
eTextbook and Media List of Accounts > Save for Later Debit -/2 Credit Attempts: 0 of 3 used
Submit Answer Bridgeport Inc. issues 4,150 shares of $100 par value preferred stock for cash at
$135 per share. Journalize the issuance of the preferred stock. (List all debit entries before credit
entries. Credit occount tities are automotically indented when amount is entered. Do not indent
manually.) eTextbook and Media List of Accounts Attempts: 0 of 3 used.
Q1- On January 1, 2021, P Company acquired 100 of the outstanding sto.pdf
Q1- On January 1, 2021, P Company acquired 100% of the outstanding stock shares of S
Company for a cash payment of 8,000 . Balance Sheets P Company and S Company Jan 01,
2021 P Company S Company Cash 120,000 2,000 Other Current Assets 150,000 5,000
Equipment (net) 100,000 4,000 Land 30,000 2,000 Total Assets 400,000 13,000 Liabilities
60,000 5,000 Common Stock 10 Par Value 200,000 5,000 Other Contributed Capital 40,000
1,000 Retained Earnings 100,000 2.000 Total Liabilities and Equity 400,000 13,000 Instructions:
a)- Record journal entry for investment. b)- Record Eliminating Entries c)- Record the
Computation and Allocation of Difference (Between Implied and Book Values) Schedule. d)-
Record the Consolidated Balance Sheet.
PROMPTHarriet Knox, Ralph Patton, and Marcia Diamond work for a fa.pdf
PROMPT
Harriet Knox, Ralph Patton, and Marcia Diamond work for a family physician, Dr. Gwen
Conrad, who is in private practice. Dr. Conrad is knowledgeable about office management
practices and has segregated the cash receipt duties as follows. Knox opens the mail and
prepares a triplicate list of money received. She sends one copy of the list to Patton, the cashier,
who deposits the receipts daily in the bank. Diamond, the recordkeeper, receives a copy of the
list and posts payments to patients accounts. About once a month the office clerks have an
expensive lunch they pay for as follows. First, Patton endorses a patients check in Dr. Conrads
name and cashes it at the bank. Knox then destroys the remittance advice accompanying the
check. Finally, Diamond posts payment to the customers account as a miscellaneous credit. The
three justify their actions by their relatively low pay and knowledge that Dr. Conrad will likely
never miss the money.
REQUIREMENTS
Please address the following:.
The stockholders equity accounts of Ivanhoe Corporation on January .pdf
The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows.
Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4
stated value, 294,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock
(4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the
following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31
940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800.
Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash
dividend on preferred stock, payable November 1. Paid the dividend declared on October 1.
Declared a $0.70 per share cash dividend to common stockholders of record on December 15,
payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity
accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the
corporation had the following transactions and events pertaining to its stockholders' equity. Feb.
1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares
of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock,
payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70
per share cash dividend to common stockholders of record on December 15, payable December
31. 2027. Dec. 31 Paid the dividend declared on December 1.
(a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the
beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include
margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal
ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign
or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in
Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock
require a negative sign or parentheses.
(a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 .
Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I.
Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in-
capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.
Problem 2 Chapter 9 Moving expensesInstructionsAt the request of he.pdf
Problem 2: Chapter 9: Moving expensesInstructions:At the request of her employer, Mrs. Sheila
Sanders moves from Vancouver to Ottawa so she can work at the Ottawa head office instead of
the Vancouver office. She moves into her residence on July 1, 2019 with her family of 5 (Sheila,
her spouse, and 3 children). She earned $200,000 of employment income this year, $100,000 of
which related to her work at the Ottawa head office. She incurred a variety of moving expenses
related to the move. She will use the simplified method for calculating all mileage and meal
costs. Assume that the relevant flat rate for vehicle expenses is $0.58/km for all provinces, and
the flat rate for meals is $51 per day per person. The expenses include:1. They drove from
Vancouver to Ottawa during their move. They spent $1,100 on fuel costs during the 4500 km
drive, and also required a $40 oil chage. They also switched over to their summer tires, which
cost $100. 2. They spent 6 days driving during the course of their move. During these 6 travel
days, they spent $600 on take out meals total for the 5 family members. 3. They also spent $1500
on hotels total during the 6 moving days/nights as they drove from Vancouver to Ottawa. 4. They
paid a moving company $4800 to transport their furniture and belongings in a moving truck
across the country. Sheila's employer agreed to directly reimburse her for $1850 of these moving
truck costs. 5. Their belongings needed to be stored for several days before it could all be moved
in because of a difference between the old residence closing date and the earliest move-in date of
the new residence. The storage costs amounted to $750. 6. Three weeks before their move,
Sheila took a plane to Ottawa to check out potential houses to buy. The travel costs for this house
hunting trip included a $2400 plane ride, $350 in lodging cost, and $200 in meals. 7. Sheila
sanders sold her old residence of $250,000. The closing date was May 20, 2019. Sheila paid
$2000 in legal fees during the sale of the old residence. Additionally, she paid $27500 in real
estate commissions and $2100 in unpaid property taxes to the date of sale. She also paid $500 to
clean and make minor repairs to her old residence prior to sale. 8. While Sheila will continue to
work in Vancouver until June 1, the closing on the old residence was May 20. During the period
from May 20 to June 1 (12 days), Sheila and her family resides in a Vancouver hotel. The
temporary living costs associated with this 12 day period include:a. Hotel in Vancouver (12
nights at $165 per night) $1980b. Food in Vancouver (12 days- total for all five family members)
$1,0009. Sheila and her family departs from Vancouver on June 1 and arrives 6 days later in
Ottawa. Their new house is not available until July 1, 2019, so the family spends 24 nights in a
hotel in Ottawa. The temporary living costs associated with this 24 day period include:a. Hotel in
Ottawa (24 nights at $185 per night) $4440b. Food in Ottawa .
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core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
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advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
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significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
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land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
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Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
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