Trial balance exercise 3
•Download as DOC, PDF•
0 likes•551 views
The trial balance provides account balances for Julius and Crassus' partnership business that sells tiramisu cakes for the year ended December 31, 2015. It shows assets including cash, inventory, accounts receivable, and prepaid expenses. Liabilities include accounts payable, accrued expenses, bank loan, and capital. The additional information provides details on expenses paid and incurred during the year to help prepare the income statement and balance sheet.
Report
Share
Report
Share
Recommended
Smu bba sem 2 winter 2015 assignments
Smu bba sem 2 winter 2015 assignments, SMU BBA ASSIGNMENTS, SOLVED ASSIGNMENTS, WINTER ASSIGNMENTS
Preliminary analytical review
OPERATIONAL AUDITING TASKS
Group Members:
Adanza, Andrea
Baje, Jewel AD
Boaquina, Honey May
Calagui, Mary Joy
Escopete, Debbie Jane
4.9 Preparing the Financial Reports
VCE Accounting Unit 3. Video of this presentation can be found on my YouTube channel here https://www.youtube.com/channel/UCf5jyuJoYwie8tWfvjEc0zg.
10. rectification of errors accounting-workbooks-zaheer-swati
Errors are unintentional misstatement or omission or mistake committed in book-keeping. The mistakes may be one relating to routine or one relating to Principle.
Reducing Taxes through Prudent Investment and Wealth Management
Is your investment advisor and mutual funds costing you $ 000's in taxes over a lifetime? Find out now
Recommended
Smu bba sem 2 winter 2015 assignments
Smu bba sem 2 winter 2015 assignments, SMU BBA ASSIGNMENTS, SOLVED ASSIGNMENTS, WINTER ASSIGNMENTS
Preliminary analytical review
OPERATIONAL AUDITING TASKS
Group Members:
Adanza, Andrea
Baje, Jewel AD
Boaquina, Honey May
Calagui, Mary Joy
Escopete, Debbie Jane
4.9 Preparing the Financial Reports
VCE Accounting Unit 3. Video of this presentation can be found on my YouTube channel here https://www.youtube.com/channel/UCf5jyuJoYwie8tWfvjEc0zg.
10. rectification of errors accounting-workbooks-zaheer-swati
Errors are unintentional misstatement or omission or mistake committed in book-keeping. The mistakes may be one relating to routine or one relating to Principle.
Reducing Taxes through Prudent Investment and Wealth Management
Is your investment advisor and mutual funds costing you $ 000's in taxes over a lifetime? Find out now
Accounting Help Needed by 1010Displaying messages 1 - 3 of 3P.docx
Accounting Help Needed by 10/10
Displaying messages 1 - 3 of 3
Participants:
YourBusinessT...
and
Zmoves
Zmoves
2015-10-09 17:20
Hi Can you do this? $40.
Floppy Company's December 31, 2014 trial balance is as follows:
Floppy Corporation
Trial Balance
December 31, 2014
Account
Debit
Credit
Cash
$43,500
Accounts Receivable
53,500
Allowance for Doubtful Accounts
1,500
Notes Receivable
30,000
Merchandise Inventory
55,000
Land
20,000
Building
150,000
Accumulated Depreciation, Building
$15,000
Equipment
50,000
Accumulated Depreciation, Equipment
21,000
Goodwill
26,000
Accounts Payable
25,000
Long Term Notes Payable
75,000
Common Stock, $10 par, 2,000 shares authorized & outstanding
20,000
Retained Earnings
147,000
Sales Revenue
700,000
Salaries Expense
150,000
Utilities Expense
3,500
Cost of Goods Sold
350,000
Administrative Expenses
55,000
Sales Expenses
15,000
_______
Totals
$1,003,000
$1,003,000
Floppy is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded.
Additional Information:
a. Notes Receivable is a 3-months, 6% note accepted on November 1, 2014.
b. Long Term Notes Payable is a 5-year, 5% note, that was signed on July 1, 2014. Interest is payable annually.
c. Building is depreciated at 3% per year. There is no salvage value.
d. Equipment is depreciated at 15% year. There is no salvage value.
e. Floppy discovered, on December 30
th
, that the inexperienced bookkeeper recorded in the general journal and general ledger that day's $1,500 cash sales as a debit to Accounts Receivable and a credit to Sales Revenue.
f. The year-end physical count for Merchandise Inventory reflected a value of $51,500. Any difference in value will not be considered theft or loss.
g. Salaries for the last half of December, payable in January, amount to $5,500.
h. Floppy estimates that of the Accounts Receivable 5% will not be collectable.
Required:
a. Prepare in journal form, any required correcting entries
b. Prepare in journal form, all end-of-the period adjusting entries
c. Prepare a December adjusted trial balance
d. Prepare a classified balance sheet for the year ended December 31, 2014
e. Prepare in journal form, the closing entries for the year ended December 31, 2014
Floppy uses the period method and had the following inventory events during January:
Date
Units Purchased
Unit Cost
Date
Units Sold
Unit Sales Price
Jan. 1
150
$7.00
Jan. 2
100
$10.00
Jan. 5
225
7.20
Jan. 7
125
10.00
Jan. 10
100
7.50
Jan. 12
75
12.00
Jan. 15
150
7.80
Jan. 17
200
12.50
Jan. 20
200
7.95
Jan. 24
150
15.00
Jan. 25
150
8.00
Jan. 30
75
8.20
Note:
January 1 amount was the beginning inventory and unit value.
(Round all total dollar values to the nearest dollar. Round all unit values to the nearest penny.)
Required:
a. Calculate cost of goods available for sale.
b. Calculate the dollar v.
Page 37 of 73 8. Financial Planning The financia.docx
Page 37 of 73
8. Financial Planning
The financial planning below is prepared with the help of the Profit and loss
(Appendix 6) and balance sheet (Appendix 4 and 5) of Yum! We based on
Brands, the franchisor of KFC and Pizza Hut, for the financial year 2013 as a
sample and consideration of our financial planning.
As a franchisor, the company will have to take into consideration of the financials
of the franchisee. Thus the planning will show 2 sets of accounts, the franchisee
and the franchisor respectively.
All Financials below will be prepared in Singapore dollar as the company will be
incorporated in Singapore and tax rate will follow the Singapore tax rate of 17%.
8.1 Projected Profit and loss statement for the financial year 2015 to 2017
The company will first set up the profit and loss showing the budgeted revenue
and estimated expenses that will incur in the cause of doing business.
Page 38 of 73
Figure 10: Projected profit and loss of one franchisee
2015 2016 2017
Please refer to the
Assumption table
(figure 7)
Revenues S$ S$ S$
Resturant Sales 102,200 255,500 383,250 1
Cost of sales
Purchase of ingredients 30,660 76,650 114,975 2
Importing and freight cost 20,440 51,100 76,650 3
Packaging and others 5,110 12,775 19,163 4
Service staff cost 76,650 76,650 76,650 5
Total cost of sales 132,860 217,175 287,438
Operating profit ‐30,660 38,325 95,813
Gross profit margin ‐30% 15% 25%
Adminstrative Expenses
Bank charges 50 50 50 6
Depreciation of equipments 50,000 50,000 50,000 7
Printing and stationery 300 315 331 8
Rental of resturant 60,000 60,000 60,000 9
Travelling expenses 500 550 605 10
Professional fee
Accounting fee 4,000 4,800 5,760 11
Audit fee 2,000 2,400 2,400 12
Secretarial fee 600 600 600 13
Tax agent fee 800 800 800 14
Franchisee Fee
One time franchisee fee 25,000 ‐ ‐ 15
Royalties fee ‐ 2,683 6,707 15
Advertisement fee 5,110 12,775 19,163 15
Total expense 148,360 134,973 146,415
Net profit / loss before tax ‐179,020 ‐96,648 ‐50,603
Tax at 17% ‐ ‐ ‐
Net profit / loss ‐179,020 ‐96,648 ‐50,603
Page 39 of 73
As seen from figure 6, the franchisee is making losse.
Accounting for Business Major Assignment SP1 2015 Instructions.docx
Accounting for Business Major Assignment SP1 2015 Instructions
Due Date Thursday 7th May 2015 1.00pm Assignments must be submitted through the Turnitin link on the subject portal
Groups up to 3 students maximum are permitted.
Assignment must be in word format only.
All calculations and workings must be shown to receive any marks for each question
Do not include the question in your answers!
Question 1
Bill Smith has started a lawn mowing business (Bill’s Lawnmowing) as a temporary job/business which he intends to run until he starts his business degree at the University of South Australia in five months. Bill has never owned or run a business before. To start the business on 1 February 2014, he deposited $3,600 into a new bank account opened in the name of the business. The $3,600 consisted of a $3000 interest free loan from his Uncle (to be repaid in full over 2 years in equal amounts at the end of each month) and $600 of his own money. Bill rented some equipment, purchased supplies, and hired friends to mow and trim his customer’s lawns.
At the end of each month Bill sent invoices to his customers. On 30th June, he was ready to dissolve the business and start his university studies. As he was so busy, he kept few records other than his cheque book and a list of amounts owed to him by customers.
At 30 June, Bill’s business account cheque book shows a balance of $2,245, and his customers still owe him $750. During the period, he collected $5,800 from customers. His cheque book lists payments for supplies totalling $550, and he still has fuel and supplies that cost a total of $75 on hand. He paid his employees $3,200, and he still owes them $620 for their final week of work.
Bill rented some equipment from Kennard’s Hire. On 1 February, he signed a six-month rental agreement on lawnmowers and paid $1050 for the full period. Kennard’s Hire will refund the unused portion of the prepayment if the equipment is in good order when he returns it. In order to get the refund, Bill has kept the equipment in excellent condition. In fact during May paid $310 to repair one of the mowers.
To transport employees and equipment to jobs, Bill used a trailer that he bought for $780. He believes that the period’s work used up one-quarter of the trailer’s service potential. The business cheque book lists a payment of $660 for private cash withdrawals by Bill during the period, in addition he has a diary entry indicating that he also used $35 worth of fuel for his own vehicle.
Bill estimates that he spent approximately 45 hours working on the business during the period. He plans to recommence operations on a similar basis during major breaks in his university study and believes he will do better in later periods as he now has an existing customer base to work from.
Required
1. Prepare the business Income Statement for the period.
(9 marks)
2. Prepare the classified Balance Sheet at the end of the period.
(11.
Credit will be awarded based on the students’ ability to prepare fla.docx
Credit will be awarded based on the students’ ability to prepare flawless financial statements for the month ended January 31, 2015
. Supporting information is required as follows: Journalize the following transactions, post to T-accounts, balance the T-accounts, Prepare a trial balance, journalize adjusting entries, prepare adjusted trial balance, journalize closing entries, and finally prepare Income Statement, Statement of Retained Earnings, Balance Sheet,and Statement of Cash Flows. Please use the following Chart of accounts.
101
Cash
230
Interest Payable
106
Accounts Receivable
301
Common Stock
126
Inventory
350
Retained Earnings
128
Prepaid Insurance
405
Sales Revenue
131
Prepaid Rent
406
Sales Discounts and Allowance
135
Prepaid Advertising
501
Cost of Goods Sold
163
Office Equipment
520
Utility Expense
164
Mixing Barrels
525
Wage Expense
165
Factory Equipment
530
Interest Expense
190
Accumulated Depreciation
535
Rent expense
201
Accounts Payable
545
Insurance Expense
215
Notes Payable
560
Depreciation Expense
220
Line of Credit
565
Advertising Expense
Additional information:
·
Grandpa’s Cough Inc. (GCI) sells a uniquely flavored cough syrup either wholesale or through its own storefront.
·
Cases contain 24 bottles. Each bottle costs the company $2 to make and the company sells bottles for $4.5. Each case is sold for $90 the cost to ship is paid for by the customer. Customers pay at the last minute of their terms unless otherwise noted.
·
Gene has a revolving line of credit with a local bank, if the cash balance drops below $15,000 then Gene will draw money against the line of credit in $5,000 increments, until the balance is above $25,000. Simple interest rate on the line is 3.4%.Interest accruesdaily and paid at the end of each month.
·
The company maintains inventory at $72,000, and will purchase materials every time the inventory drops below that amount in $4,000 increments, vendor pays shipping. Terms are N/15. Gene pays all bills at the last minute.
·
All depreciation is straight-line with no residual value.
o
Office equipment is expected to last 5 years
o
Factory Equipment is expected to last 4 years
o
Mixing barrels are expected to last 10 years.
·
Round all answers to the nearest dollar
Grandpa's Cough Inc.
Balance Sheet
As of December 31, 2014
Assets
Current Assets
Cash
$
20,000
Accounts Receivable
10,000
Inventory
50,000
Prepaid Insurance
375
Prepaid Rent
1,400
Total Current Assets
$
81,775
Fixed Assets
Office Equipment
$
3,500
Mixing Barrels
4,500
Factory Equipment
15,000
Less: Accumulated Depreciation
(19,860)
Total Fixed Assets
$
3,140
Total Assets
$
84,915
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
$
25,000
Current Portion of Long Term Debt
1,600
Total Current Liabilities
$
26,600
Long Term Debt
Notes Payable
.
Journalize the following transactions, post to T-accounts, balance t.docx
Journalize the following transactions, post to T-accounts, balance the T-accounts, Prepare a trial balance, journalize adjusting entries, prepare adjusted trial balance, journalize closing entries, and finally prepare Income Statement, Statement of Retained Earnings, Balance Sheet,and Statement of Cash Flows. Please use the following Chart of accounts.
101
Cash
230
Interest Payable
106
Accounts Receivable
301
Common Stock
126
Inventory
350
Retained Earnings
128
Prepaid Insurance
405
Sales Revenue
131
Prepaid Rent
406
Sales Discounts and Allowance
135
Prepaid Advertising
501
Cost of Goods Sold
163
Office Equipment
520
Utility Expense
164
Mixing Barrels
525
Wage Expense
165
Factory Equipment
530
Interest Expense
190
Accumulated Depreciation
535
Rent expense
201
Accounts Payable
545
Insurance Expense
215
Notes Payable
560
Depreciation Expense
220
Line of Credit
565
Advertising Expense
Additional information:
·
Grandpa’s Cough Inc. (GCI) sells a uniquely flavored cough syrup either wholesale or through its own storefront.
·
Cases contain 24 bottles. Each bottle costs the company $2 to make and the company sells bottles for $4.5. Each case is sold for $90 the cost to ship is paid for by the customer. Customers pay at the last minute of their terms unless otherwise noted.
·
Gene has a revolving line of credit with a local bank, if the cash balance drops below $15,000 then Gene will draw money against the line of credit in $5,000 increments, until the balance is above $25,000. Simple interest rate on the line is 3.4%.Interest accruesdaily and paid at the end of each month.
·
The company maintains inventory at $72,000, and will purchase materials every time the inventory drops below that amount in $4,000 increments, vendor pays shipping. Terms are N/15. Gene pays all bills at the last minute.
·
All depreciation is straight-line with no residual value.
o
Office equipment is expected to last 5 years
o
Factory Equipment is expected to last 4 years
o
Mixing barrels are expected to last 10 years.
·
Round all answers to the nearest dollar
Grandpa's Cough Inc.
Balance Sheet
As of December 31, 2014
Assets
Current Assets
Cash
$ 20,000
Accounts Receivable
10,000
Inventory
50,000
Prepaid Insurance
375
Prepaid Rent
1,400
Total Current Assets
$ 81,775
Fixed Assets
Office Equipment
$ 3,500
Mixing Barrels
4,500
Factory Equipment
15,000
Less: Accumulated Depreciation
(19,860)
Total Fixed Assets
$ 3,140
Total Assets
$ 84,915
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
$ 25,000
Current Portion of Long Term Debt
1,600
Total Current Liabilities
$ 26,600
Long Term Debt
Notes Payable
16,000
Total Long Term Debt
16,000
Total Liabilities
$ 42,600
.
University of Maryland University College Final Examination Acct.docx
University of Maryland University College
Final Examination
Acct220: Principles of Accounting I
For this exam, omit all general journal entry explanations. Ensure to include correct dollar signs, commas, underlines & double underlines where required.
Question 1: 40% points:
Flip Company's December 31, 2014 trial balance is as follows:
Flip Corporation
Trial Balance
December 31, 2014
Account
Debit
Credit
Cash
$43,500
Accounts Receivable
54,500
Allowance for Doubtful Accounts
500
Notes Receivable
30,000
Merchandise Inventory
55,000
Land
20,000
Building
150,000
Accumulated Depreciation, Building
$15,000
Equipment
50,000
Accumulated Depreciation, Equipment
21,000
Goodwill
26,000
Accounts Payable
25,000
Long Term Notes Payable
75,000
Common Stock, $10 par, 2,000 shares authorized & outstanding
20,000
Retained Earnings
147,000
Sales Revenue
700,000
Salaries Expense
150,000
Utilities Expense
3,500
Cost of Goods Sold
350,000
Administrative Expenses
55,000
Sales Expenses
15,000
_______
Totals
$1,003,000
$1,003,000
Flip is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded.
Acct220 Page 1 of 9 Additional Information:
Notes Receivable is a 3-months, 6% note accepted on December 1, 2014.
Long Term Notes Payable is a 5-year, 5% note, that was signed on July 1, 2014. Interest is payable annually.
Building is depreciated at 3% per year. There is no salvage value.
Equipment is depreciated at 15% year. There is no salvage value.
Flip discovered, on December 30
th
, that the inexperienced bookkeeper recorded in the general journal and general ledger that day's $1,500 cash sales as a debit to Accounts Receivable and a credit to Sales Revenue.
The year-end physical count for Merchandise Inventory reflected a value of $52,500. Any difference in value will not be considered theft or loss.
Salaries for the last half of December, payable in January, amount to $6,500.
Flip estimates that of the Accounts Receivable 5% will not be collectable.
Required:
Prepare in journal form, any required correcting entries
Prepare in journal form, all end-of-the period adjusting entries
Prepare a December adjusted trial balance
Prepare a classified balance sheet for the year ended December 31, 2014
Prepare in journal form, the closing entries for the year ended December 31, 2014
NOTE: Students are encouraged to prepare their own T-accounts, on a separate scratch sheet of paper, and track from the beginning balance thru all journal transactions to ending balances for all accounts used in this problem. Do not turn in your separate scratch sheet of paper - those are student personal working papers and not part of any solution required for this exam.
Question 2: 8% points: Inventory
Flip uses the period method and had t.
Profit and Loss, Balance Sheets and RATIO ANALYSIS
YOU NEED TO KNOW THIS
Make sure you do!! Especially ratios. You will be tested on this
Colorado Company has provided you the following information
Colorado Company has provided you the following information
Bsw keeping financial recors v4_170616
Course material for the World Economic Forum Global Shapers Lagos hub's June Business Skills Workshop for Small and Medium sized Enterprises
Bsw keeping financial recors v4_170616
Course material for An introduction to keeping financial records in business for small and medium sized enterprises organised by the Lagos hub of the Global Shapers with support from Abraaj for small and medium enterprises in Lagos NIgeria held in June 2016
Student ID 21458913 Exam 061684RR - The Impact of Manage.docx
Student ID: 21458913
Exam: 061684RR - The Impact of Management Decisions and Other Topics
When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you
hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.
Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page
break, so be sure that you have seen the entire question and all the answers before choosing an answer.
1. (Ignore income taxes in this problem.) The Keego Company is planning a $200,000 equipment
investment that has an estimated five-year life with no estimated salvage value. The company has projected
the following annual cash flows for the investment:
Assuming that the cash inflows occur evenly over the year, the payback period for the investment is
_______ years.
Year Cash Inflows
1 $120,000
2 60,000
3 40,000
4 40,000
5 40,000
Total $300,000
A. 0.75
B. 2.50
C. 4.91
D. 1.67
2. The Clemson Company reported the following results last year for the manufacture and sale of one of its
products known as a Tam.
Clemson Company is trying to determine whether to discontinue the manufacture and sale of Tams. The
operating results reported above for last year are expected to continue in the foreseeable future if the
product isn't dropped. The fixed manufacturing overhead represents the costs of production facilities and
equipment that the Tam product shares with other products produced by Clemson. If the Tam product
were dropped, there would be no change in the fixed manufacturing costs of the company.
Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net operating loss $(55,000)
Assume that discontinuing the manufacture and sale of Tams will have no effect on the sale of other
product lines. If the company discontinues the Tam product line, the change in annual operating income (or
loss) should be a
A. $90,000 decrease.
B. $65,000 decrease.
C. $55,000 decrease.
D. $70,000 increase.
3. Part N19 is used by Malouf Corporation to make one of its products. A total of 7,000 units of this part
are produced and used every year. The company's Accounting Department reports the following costs of
producing the part at this level of activity:
An outside supplier has offered to make the part and sell it to the company for $24.50 each. If this offer is
accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided.
The special equipment used to make the part was purchased many years ago and has no salvage value or
other use. The allocated general overhead represents fixed costs of the entire company, none of which
would be avoided if the part were purchased instea.
Acct 221.Fa.14 Question 1 20 pointsa. General.docx
Acct 221.Fa.14
Question 1: 20 points
a. General Journal Entries:
Date
Account
Debit
Credit
Answer Sheet Page 1 of 10 .Fa.14
Final Exam
Answer Sheet Page 2 of 10 .Fa.14
Final Exam
b. Income Statement:
Retained Earnings Statement:
.14
Final Exam
Question 2. 10 points
a1 & a2: General Journal Entries:
(Cost Method):
Date
Account
Debit
Credit
a3. Stock Investments Accounts Balance
b1 & b2: : General Journal Entries: (Equity Method):
Date
Account
Debit
Credit
b3. Stock Investments Accounts Balance
Final Exam
Question 3. 15 points:
Fa.14
Final Exam
Question 4. 10 points
Question 5. 7 points:
Flip Inc.
Cash Disbursements Budget
For the Month of May
Question 6. 6 points:
Flip Enterprises
Incremental Analysis
Special Order
a.14
Final Exam
Question 7. 6 points:
Flip Inc.
Incremental Analysis
To Make
Incremental Analysis
Incremental Effect
Question 8. 6 points:
Flip Company
Incremental Analysis
Retain or Replace
Incremental Analysis
Incremental Effect
.Fa.14
Final Exam
Multiple choice questions allocated 1 point each: Make your selection by indicating the letter corresponding to your answer.
Question Number
Answer
Question Number
Answer
9:
19:
10:
20:
11:
21:
12:
22:
13:
23:
14:
24:
15:
25:
16:
26:
17:
27:
18:
28:
On January 1, 2014, Flip Corporation had 560,000 shares of $1 par value common stock issued and outstanding. There was a $3,000,000 balance in the Retained Earnings account at the beginning of the year. During the first quarter of the year, the following transactions occurred:
Jan. 8
Issued 40,000 shares of its own common stock for $400,000.
Jan. 18
Declared a cash dividend of $1 per share to stockholders of record on Jan. 10.
Jan. 31
Paid the $1 cash dividend declared on Jan. 18.
Feb. 2
Purchased 3,000 shares of its own common stock for the treasury at $11 per share.
Feb. 14
Sold 2,000 shares of the treasury stock purchased on Feb. 2 for $12 per share.
March 25
Declared a 2 for 1 stock split on outstanding shares.
Instructions
Prepare journal entries to record the above transactions.
Part B.
The following information is available for Flip Corporation for the year ended December 31, 2014:
Beginning retained earnings
$ 340,000
Cost of goods sold
620,000
Declared cash dividends
50,000
Operating expenses
170,000
Other expenses and losses
40,000
Other revenues and gains
60,000
Sales
1,000,000
Tax rate
30%
Instructions:
1.
Prepare a corporate income statement in good form.
2.
Prepare a retained earnings statement for the year.
Question .
More Related Content
Similar to Trial balance exercise 3
Accounting Help Needed by 1010Displaying messages 1 - 3 of 3P.docx
Accounting Help Needed by 10/10
Displaying messages 1 - 3 of 3
Participants:
YourBusinessT...
and
Zmoves
Zmoves
2015-10-09 17:20
Hi Can you do this? $40.
Floppy Company's December 31, 2014 trial balance is as follows:
Floppy Corporation
Trial Balance
December 31, 2014
Account
Debit
Credit
Cash
$43,500
Accounts Receivable
53,500
Allowance for Doubtful Accounts
1,500
Notes Receivable
30,000
Merchandise Inventory
55,000
Land
20,000
Building
150,000
Accumulated Depreciation, Building
$15,000
Equipment
50,000
Accumulated Depreciation, Equipment
21,000
Goodwill
26,000
Accounts Payable
25,000
Long Term Notes Payable
75,000
Common Stock, $10 par, 2,000 shares authorized & outstanding
20,000
Retained Earnings
147,000
Sales Revenue
700,000
Salaries Expense
150,000
Utilities Expense
3,500
Cost of Goods Sold
350,000
Administrative Expenses
55,000
Sales Expenses
15,000
_______
Totals
$1,003,000
$1,003,000
Floppy is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded.
Additional Information:
a. Notes Receivable is a 3-months, 6% note accepted on November 1, 2014.
b. Long Term Notes Payable is a 5-year, 5% note, that was signed on July 1, 2014. Interest is payable annually.
c. Building is depreciated at 3% per year. There is no salvage value.
d. Equipment is depreciated at 15% year. There is no salvage value.
e. Floppy discovered, on December 30
th
, that the inexperienced bookkeeper recorded in the general journal and general ledger that day's $1,500 cash sales as a debit to Accounts Receivable and a credit to Sales Revenue.
f. The year-end physical count for Merchandise Inventory reflected a value of $51,500. Any difference in value will not be considered theft or loss.
g. Salaries for the last half of December, payable in January, amount to $5,500.
h. Floppy estimates that of the Accounts Receivable 5% will not be collectable.
Required:
a. Prepare in journal form, any required correcting entries
b. Prepare in journal form, all end-of-the period adjusting entries
c. Prepare a December adjusted trial balance
d. Prepare a classified balance sheet for the year ended December 31, 2014
e. Prepare in journal form, the closing entries for the year ended December 31, 2014
Floppy uses the period method and had the following inventory events during January:
Date
Units Purchased
Unit Cost
Date
Units Sold
Unit Sales Price
Jan. 1
150
$7.00
Jan. 2
100
$10.00
Jan. 5
225
7.20
Jan. 7
125
10.00
Jan. 10
100
7.50
Jan. 12
75
12.00
Jan. 15
150
7.80
Jan. 17
200
12.50
Jan. 20
200
7.95
Jan. 24
150
15.00
Jan. 25
150
8.00
Jan. 30
75
8.20
Note:
January 1 amount was the beginning inventory and unit value.
(Round all total dollar values to the nearest dollar. Round all unit values to the nearest penny.)
Required:
a. Calculate cost of goods available for sale.
b. Calculate the dollar v.
Page 37 of 73 8. Financial Planning The financia.docx
Page 37 of 73
8. Financial Planning
The financial planning below is prepared with the help of the Profit and loss
(Appendix 6) and balance sheet (Appendix 4 and 5) of Yum! We based on
Brands, the franchisor of KFC and Pizza Hut, for the financial year 2013 as a
sample and consideration of our financial planning.
As a franchisor, the company will have to take into consideration of the financials
of the franchisee. Thus the planning will show 2 sets of accounts, the franchisee
and the franchisor respectively.
All Financials below will be prepared in Singapore dollar as the company will be
incorporated in Singapore and tax rate will follow the Singapore tax rate of 17%.
8.1 Projected Profit and loss statement for the financial year 2015 to 2017
The company will first set up the profit and loss showing the budgeted revenue
and estimated expenses that will incur in the cause of doing business.
Page 38 of 73
Figure 10: Projected profit and loss of one franchisee
2015 2016 2017
Please refer to the
Assumption table
(figure 7)
Revenues S$ S$ S$
Resturant Sales 102,200 255,500 383,250 1
Cost of sales
Purchase of ingredients 30,660 76,650 114,975 2
Importing and freight cost 20,440 51,100 76,650 3
Packaging and others 5,110 12,775 19,163 4
Service staff cost 76,650 76,650 76,650 5
Total cost of sales 132,860 217,175 287,438
Operating profit ‐30,660 38,325 95,813
Gross profit margin ‐30% 15% 25%
Adminstrative Expenses
Bank charges 50 50 50 6
Depreciation of equipments 50,000 50,000 50,000 7
Printing and stationery 300 315 331 8
Rental of resturant 60,000 60,000 60,000 9
Travelling expenses 500 550 605 10
Professional fee
Accounting fee 4,000 4,800 5,760 11
Audit fee 2,000 2,400 2,400 12
Secretarial fee 600 600 600 13
Tax agent fee 800 800 800 14
Franchisee Fee
One time franchisee fee 25,000 ‐ ‐ 15
Royalties fee ‐ 2,683 6,707 15
Advertisement fee 5,110 12,775 19,163 15
Total expense 148,360 134,973 146,415
Net profit / loss before tax ‐179,020 ‐96,648 ‐50,603
Tax at 17% ‐ ‐ ‐
Net profit / loss ‐179,020 ‐96,648 ‐50,603
Page 39 of 73
As seen from figure 6, the franchisee is making losse.
Accounting for Business Major Assignment SP1 2015 Instructions.docx
Accounting for Business Major Assignment SP1 2015 Instructions
Due Date Thursday 7th May 2015 1.00pm Assignments must be submitted through the Turnitin link on the subject portal
Groups up to 3 students maximum are permitted.
Assignment must be in word format only.
All calculations and workings must be shown to receive any marks for each question
Do not include the question in your answers!
Question 1
Bill Smith has started a lawn mowing business (Bill’s Lawnmowing) as a temporary job/business which he intends to run until he starts his business degree at the University of South Australia in five months. Bill has never owned or run a business before. To start the business on 1 February 2014, he deposited $3,600 into a new bank account opened in the name of the business. The $3,600 consisted of a $3000 interest free loan from his Uncle (to be repaid in full over 2 years in equal amounts at the end of each month) and $600 of his own money. Bill rented some equipment, purchased supplies, and hired friends to mow and trim his customer’s lawns.
At the end of each month Bill sent invoices to his customers. On 30th June, he was ready to dissolve the business and start his university studies. As he was so busy, he kept few records other than his cheque book and a list of amounts owed to him by customers.
At 30 June, Bill’s business account cheque book shows a balance of $2,245, and his customers still owe him $750. During the period, he collected $5,800 from customers. His cheque book lists payments for supplies totalling $550, and he still has fuel and supplies that cost a total of $75 on hand. He paid his employees $3,200, and he still owes them $620 for their final week of work.
Bill rented some equipment from Kennard’s Hire. On 1 February, he signed a six-month rental agreement on lawnmowers and paid $1050 for the full period. Kennard’s Hire will refund the unused portion of the prepayment if the equipment is in good order when he returns it. In order to get the refund, Bill has kept the equipment in excellent condition. In fact during May paid $310 to repair one of the mowers.
To transport employees and equipment to jobs, Bill used a trailer that he bought for $780. He believes that the period’s work used up one-quarter of the trailer’s service potential. The business cheque book lists a payment of $660 for private cash withdrawals by Bill during the period, in addition he has a diary entry indicating that he also used $35 worth of fuel for his own vehicle.
Bill estimates that he spent approximately 45 hours working on the business during the period. He plans to recommence operations on a similar basis during major breaks in his university study and believes he will do better in later periods as he now has an existing customer base to work from.
Required
1. Prepare the business Income Statement for the period.
(9 marks)
2. Prepare the classified Balance Sheet at the end of the period.
(11.
Credit will be awarded based on the students’ ability to prepare fla.docx
Credit will be awarded based on the students’ ability to prepare flawless financial statements for the month ended January 31, 2015
. Supporting information is required as follows: Journalize the following transactions, post to T-accounts, balance the T-accounts, Prepare a trial balance, journalize adjusting entries, prepare adjusted trial balance, journalize closing entries, and finally prepare Income Statement, Statement of Retained Earnings, Balance Sheet,and Statement of Cash Flows. Please use the following Chart of accounts.
101
Cash
230
Interest Payable
106
Accounts Receivable
301
Common Stock
126
Inventory
350
Retained Earnings
128
Prepaid Insurance
405
Sales Revenue
131
Prepaid Rent
406
Sales Discounts and Allowance
135
Prepaid Advertising
501
Cost of Goods Sold
163
Office Equipment
520
Utility Expense
164
Mixing Barrels
525
Wage Expense
165
Factory Equipment
530
Interest Expense
190
Accumulated Depreciation
535
Rent expense
201
Accounts Payable
545
Insurance Expense
215
Notes Payable
560
Depreciation Expense
220
Line of Credit
565
Advertising Expense
Additional information:
·
Grandpa’s Cough Inc. (GCI) sells a uniquely flavored cough syrup either wholesale or through its own storefront.
·
Cases contain 24 bottles. Each bottle costs the company $2 to make and the company sells bottles for $4.5. Each case is sold for $90 the cost to ship is paid for by the customer. Customers pay at the last minute of their terms unless otherwise noted.
·
Gene has a revolving line of credit with a local bank, if the cash balance drops below $15,000 then Gene will draw money against the line of credit in $5,000 increments, until the balance is above $25,000. Simple interest rate on the line is 3.4%.Interest accruesdaily and paid at the end of each month.
·
The company maintains inventory at $72,000, and will purchase materials every time the inventory drops below that amount in $4,000 increments, vendor pays shipping. Terms are N/15. Gene pays all bills at the last minute.
·
All depreciation is straight-line with no residual value.
o
Office equipment is expected to last 5 years
o
Factory Equipment is expected to last 4 years
o
Mixing barrels are expected to last 10 years.
·
Round all answers to the nearest dollar
Grandpa's Cough Inc.
Balance Sheet
As of December 31, 2014
Assets
Current Assets
Cash
$
20,000
Accounts Receivable
10,000
Inventory
50,000
Prepaid Insurance
375
Prepaid Rent
1,400
Total Current Assets
$
81,775
Fixed Assets
Office Equipment
$
3,500
Mixing Barrels
4,500
Factory Equipment
15,000
Less: Accumulated Depreciation
(19,860)
Total Fixed Assets
$
3,140
Total Assets
$
84,915
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
$
25,000
Current Portion of Long Term Debt
1,600
Total Current Liabilities
$
26,600
Long Term Debt
Notes Payable
.
Journalize the following transactions, post to T-accounts, balance t.docx
Journalize the following transactions, post to T-accounts, balance the T-accounts, Prepare a trial balance, journalize adjusting entries, prepare adjusted trial balance, journalize closing entries, and finally prepare Income Statement, Statement of Retained Earnings, Balance Sheet,and Statement of Cash Flows. Please use the following Chart of accounts.
101
Cash
230
Interest Payable
106
Accounts Receivable
301
Common Stock
126
Inventory
350
Retained Earnings
128
Prepaid Insurance
405
Sales Revenue
131
Prepaid Rent
406
Sales Discounts and Allowance
135
Prepaid Advertising
501
Cost of Goods Sold
163
Office Equipment
520
Utility Expense
164
Mixing Barrels
525
Wage Expense
165
Factory Equipment
530
Interest Expense
190
Accumulated Depreciation
535
Rent expense
201
Accounts Payable
545
Insurance Expense
215
Notes Payable
560
Depreciation Expense
220
Line of Credit
565
Advertising Expense
Additional information:
·
Grandpa’s Cough Inc. (GCI) sells a uniquely flavored cough syrup either wholesale or through its own storefront.
·
Cases contain 24 bottles. Each bottle costs the company $2 to make and the company sells bottles for $4.5. Each case is sold for $90 the cost to ship is paid for by the customer. Customers pay at the last minute of their terms unless otherwise noted.
·
Gene has a revolving line of credit with a local bank, if the cash balance drops below $15,000 then Gene will draw money against the line of credit in $5,000 increments, until the balance is above $25,000. Simple interest rate on the line is 3.4%.Interest accruesdaily and paid at the end of each month.
·
The company maintains inventory at $72,000, and will purchase materials every time the inventory drops below that amount in $4,000 increments, vendor pays shipping. Terms are N/15. Gene pays all bills at the last minute.
·
All depreciation is straight-line with no residual value.
o
Office equipment is expected to last 5 years
o
Factory Equipment is expected to last 4 years
o
Mixing barrels are expected to last 10 years.
·
Round all answers to the nearest dollar
Grandpa's Cough Inc.
Balance Sheet
As of December 31, 2014
Assets
Current Assets
Cash
$ 20,000
Accounts Receivable
10,000
Inventory
50,000
Prepaid Insurance
375
Prepaid Rent
1,400
Total Current Assets
$ 81,775
Fixed Assets
Office Equipment
$ 3,500
Mixing Barrels
4,500
Factory Equipment
15,000
Less: Accumulated Depreciation
(19,860)
Total Fixed Assets
$ 3,140
Total Assets
$ 84,915
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
$ 25,000
Current Portion of Long Term Debt
1,600
Total Current Liabilities
$ 26,600
Long Term Debt
Notes Payable
16,000
Total Long Term Debt
16,000
Total Liabilities
$ 42,600
.
University of Maryland University College Final Examination Acct.docx
University of Maryland University College
Final Examination
Acct220: Principles of Accounting I
For this exam, omit all general journal entry explanations. Ensure to include correct dollar signs, commas, underlines & double underlines where required.
Question 1: 40% points:
Flip Company's December 31, 2014 trial balance is as follows:
Flip Corporation
Trial Balance
December 31, 2014
Account
Debit
Credit
Cash
$43,500
Accounts Receivable
54,500
Allowance for Doubtful Accounts
500
Notes Receivable
30,000
Merchandise Inventory
55,000
Land
20,000
Building
150,000
Accumulated Depreciation, Building
$15,000
Equipment
50,000
Accumulated Depreciation, Equipment
21,000
Goodwill
26,000
Accounts Payable
25,000
Long Term Notes Payable
75,000
Common Stock, $10 par, 2,000 shares authorized & outstanding
20,000
Retained Earnings
147,000
Sales Revenue
700,000
Salaries Expense
150,000
Utilities Expense
3,500
Cost of Goods Sold
350,000
Administrative Expenses
55,000
Sales Expenses
15,000
_______
Totals
$1,003,000
$1,003,000
Flip is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded.
Acct220 Page 1 of 9 Additional Information:
Notes Receivable is a 3-months, 6% note accepted on December 1, 2014.
Long Term Notes Payable is a 5-year, 5% note, that was signed on July 1, 2014. Interest is payable annually.
Building is depreciated at 3% per year. There is no salvage value.
Equipment is depreciated at 15% year. There is no salvage value.
Flip discovered, on December 30
th
, that the inexperienced bookkeeper recorded in the general journal and general ledger that day's $1,500 cash sales as a debit to Accounts Receivable and a credit to Sales Revenue.
The year-end physical count for Merchandise Inventory reflected a value of $52,500. Any difference in value will not be considered theft or loss.
Salaries for the last half of December, payable in January, amount to $6,500.
Flip estimates that of the Accounts Receivable 5% will not be collectable.
Required:
Prepare in journal form, any required correcting entries
Prepare in journal form, all end-of-the period adjusting entries
Prepare a December adjusted trial balance
Prepare a classified balance sheet for the year ended December 31, 2014
Prepare in journal form, the closing entries for the year ended December 31, 2014
NOTE: Students are encouraged to prepare their own T-accounts, on a separate scratch sheet of paper, and track from the beginning balance thru all journal transactions to ending balances for all accounts used in this problem. Do not turn in your separate scratch sheet of paper - those are student personal working papers and not part of any solution required for this exam.
Question 2: 8% points: Inventory
Flip uses the period method and had t.
Profit and Loss, Balance Sheets and RATIO ANALYSIS
YOU NEED TO KNOW THIS
Make sure you do!! Especially ratios. You will be tested on this
Colorado Company has provided you the following information
Colorado Company has provided you the following information
Bsw keeping financial recors v4_170616
Course material for the World Economic Forum Global Shapers Lagos hub's June Business Skills Workshop for Small and Medium sized Enterprises
Bsw keeping financial recors v4_170616
Course material for An introduction to keeping financial records in business for small and medium sized enterprises organised by the Lagos hub of the Global Shapers with support from Abraaj for small and medium enterprises in Lagos NIgeria held in June 2016
Student ID 21458913 Exam 061684RR - The Impact of Manage.docx
Student ID: 21458913
Exam: 061684RR - The Impact of Management Decisions and Other Topics
When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you
hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.
Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page
break, so be sure that you have seen the entire question and all the answers before choosing an answer.
1. (Ignore income taxes in this problem.) The Keego Company is planning a $200,000 equipment
investment that has an estimated five-year life with no estimated salvage value. The company has projected
the following annual cash flows for the investment:
Assuming that the cash inflows occur evenly over the year, the payback period for the investment is
_______ years.
Year Cash Inflows
1 $120,000
2 60,000
3 40,000
4 40,000
5 40,000
Total $300,000
A. 0.75
B. 2.50
C. 4.91
D. 1.67
2. The Clemson Company reported the following results last year for the manufacture and sale of one of its
products known as a Tam.
Clemson Company is trying to determine whether to discontinue the manufacture and sale of Tams. The
operating results reported above for last year are expected to continue in the foreseeable future if the
product isn't dropped. The fixed manufacturing overhead represents the costs of production facilities and
equipment that the Tam product shares with other products produced by Clemson. If the Tam product
were dropped, there would be no change in the fixed manufacturing costs of the company.
Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net operating loss $(55,000)
Assume that discontinuing the manufacture and sale of Tams will have no effect on the sale of other
product lines. If the company discontinues the Tam product line, the change in annual operating income (or
loss) should be a
A. $90,000 decrease.
B. $65,000 decrease.
C. $55,000 decrease.
D. $70,000 increase.
3. Part N19 is used by Malouf Corporation to make one of its products. A total of 7,000 units of this part
are produced and used every year. The company's Accounting Department reports the following costs of
producing the part at this level of activity:
An outside supplier has offered to make the part and sell it to the company for $24.50 each. If this offer is
accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided.
The special equipment used to make the part was purchased many years ago and has no salvage value or
other use. The allocated general overhead represents fixed costs of the entire company, none of which
would be avoided if the part were purchased instea.
Acct 221.Fa.14 Question 1 20 pointsa. General.docx
Acct 221.Fa.14
Question 1: 20 points
a. General Journal Entries:
Date
Account
Debit
Credit
Answer Sheet Page 1 of 10 .Fa.14
Final Exam
Answer Sheet Page 2 of 10 .Fa.14
Final Exam
b. Income Statement:
Retained Earnings Statement:
.14
Final Exam
Question 2. 10 points
a1 & a2: General Journal Entries:
(Cost Method):
Date
Account
Debit
Credit
a3. Stock Investments Accounts Balance
b1 & b2: : General Journal Entries: (Equity Method):
Date
Account
Debit
Credit
b3. Stock Investments Accounts Balance
Final Exam
Question 3. 15 points:
Fa.14
Final Exam
Question 4. 10 points
Question 5. 7 points:
Flip Inc.
Cash Disbursements Budget
For the Month of May
Question 6. 6 points:
Flip Enterprises
Incremental Analysis
Special Order
a.14
Final Exam
Question 7. 6 points:
Flip Inc.
Incremental Analysis
To Make
Incremental Analysis
Incremental Effect
Question 8. 6 points:
Flip Company
Incremental Analysis
Retain or Replace
Incremental Analysis
Incremental Effect
.Fa.14
Final Exam
Multiple choice questions allocated 1 point each: Make your selection by indicating the letter corresponding to your answer.
Question Number
Answer
Question Number
Answer
9:
19:
10:
20:
11:
21:
12:
22:
13:
23:
14:
24:
15:
25:
16:
26:
17:
27:
18:
28:
On January 1, 2014, Flip Corporation had 560,000 shares of $1 par value common stock issued and outstanding. There was a $3,000,000 balance in the Retained Earnings account at the beginning of the year. During the first quarter of the year, the following transactions occurred:
Jan. 8
Issued 40,000 shares of its own common stock for $400,000.
Jan. 18
Declared a cash dividend of $1 per share to stockholders of record on Jan. 10.
Jan. 31
Paid the $1 cash dividend declared on Jan. 18.
Feb. 2
Purchased 3,000 shares of its own common stock for the treasury at $11 per share.
Feb. 14
Sold 2,000 shares of the treasury stock purchased on Feb. 2 for $12 per share.
March 25
Declared a 2 for 1 stock split on outstanding shares.
Instructions
Prepare journal entries to record the above transactions.
Part B.
The following information is available for Flip Corporation for the year ended December 31, 2014:
Beginning retained earnings
$ 340,000
Cost of goods sold
620,000
Declared cash dividends
50,000
Operating expenses
170,000
Other expenses and losses
40,000
Other revenues and gains
60,000
Sales
1,000,000
Tax rate
30%
Instructions:
1.
Prepare a corporate income statement in good form.
2.
Prepare a retained earnings statement for the year.
Question .
Similar to Trial balance exercise 3 (20)
Accounting Help Needed by 1010Displaying messages 1 - 3 of 3P.docx
Accounting Help Needed by 1010Displaying messages 1 - 3 of 3P.docx
Page 37 of 73 8. Financial Planning The financia.docx
Page 37 of 73 8. Financial Planning The financia.docx
Accounting for Business Major Assignment SP1 2015 Instructions.docx
Accounting for Business Major Assignment SP1 2015 Instructions.docx
Credit will be awarded based on the students’ ability to prepare fla.docx
Credit will be awarded based on the students’ ability to prepare fla.docx
Journalize the following transactions, post to T-accounts, balance t.docx
Journalize the following transactions, post to T-accounts, balance t.docx
University of Maryland University College Final Examination Acct.docx
University of Maryland University College Final Examination Acct.docx
Profit and Loss, Balance Sheets and RATIO ANALYSIS
Profit and Loss, Balance Sheets and RATIO ANALYSIS
Colorado Company has provided you the following information
Colorado Company has provided you the following information
Student ID 21458913 Exam 061684RR - The Impact of Manage.docx
Student ID 21458913 Exam 061684RR - The Impact of Manage.docx
Acct 221.Fa.14 Question 1 20 pointsa. General.docx
Acct 221.Fa.14 Question 1 20 pointsa. General.docx
More from wyinsam (20)
Recently uploaded
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This slide is prepared for master's students (MIFB & MIBS) UUM. May it be useful to all.The Challenger.pdf DNHS Official Publication
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
CACJapan - GROUP Presentation 1- Wk 4.pdf
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
Class 11 CBSE Business Studies Project ( AIDS TO TRADE - INSURANCE)
The Roman Empire A Historical Colossus.pdf
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Instructions for Submissions thorugh G- Classroom.pptx
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Introduction to AI for Nonprofits with Tapp Network
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Embracing GenAI - A Strategic Imperative
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Acetabularia Information For Class 9 .docx
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
2024.06.01 Introducing a competency framework for languag learning materials ...
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
678020731-Sumas-y-Restas-Para-Colorear.pdf
KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
Model Attribute Check Company Auto Property
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
How to Make a Field invisible in Odoo 17
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Home assignment II on Spectroscopy 2024 Answers.pdf
Answers to Home assignment on UV-Visible spectroscopy: Calculation of wavelength of UV-Visible absorption
The approach at University of Liverpool.pptx
How libraries can support authors with open access requirements for UKRI funded books
Wednesday 22 May 2024, 14:00-15:00.
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI funded books
Wednesday 22 May 2024, 14:00-15:00.
Unit 8 - Information and Communication Technology (Paper I).pdf
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
"Protectable subject matters, Protection in biotechnology, Protection of othe...
Protectable subject matters, Protection in biotechnology, Protection of other biological materials, Ownership and period of protection
Recently uploaded (20)
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
Trial balance exercise 3
- 1. Trial Balance Exercise 3 Julius and Crassus run a partnership business that sells tiramisu cakes. The following is their trial balance for the 12-month period ended on 31st December 2015: Pompeii’s Best Tiramisus Trial Balance for the year ended 31st December 2015 Accounts Capital Debtors Electricity Expenses Sales Sales Return Administrative Expenses Building Interest expense Bank Loan Freight inwards Creditor Sales Delivery expenses Accrued Salary expense Bad debt Inventory Drawings Cost of Goods Sold Shop Staffs’ Salary Cash Land Prepaid Advertising Expense Accrued Sales Delivery Exp $ 37000 8510 3300 1790 154000 960 2740 4500 780 46500 15080 47490 24000 13280 25000 3600 $ 150400 110870 97240 26040 2480 1500 Additional information 1) The business paid $1480 of salary expenses owed. 2) It incurred $2800 of advertising expense during the year. 3) It has incurred another $1500 of sales delivery expense, which is still unpaid. 4) The business pays $6500 for future consultation services. Prepare the P&L statement and balance sheet for the partners.