Accounting


Questions

# Description Question
13950 This assignment is serious. I will send the details during handshake Accounting for assets
13939

I will send you the budgets instructions, and I will send you an excel sheet that has these budgets, you only need to fill up the yellow and red cells " THE YELLOW CELLS MUST BE FORMULAS". There are also checkpoints to help keep you on track

some budgets " sales budget, cash collections, purchase budget, operating expense budget,cash budget, budgeted balance statement, and FIFO calculation"
13888 One hw assignment excel due on blackboard questions: E12A-4; P12A-1A; P12A-3A; P12A-4A; P12A-5A and P12A-5B one wiley plus hw assignment one quiz due February 12 need 90% grade or higher 3 accounting hw and quizz
13887 One hw assignment excel due on blackboard questions: E12A-4; P12A-1A; P12A-3A; P12A-4A; P12A-5A and P12A-5B one wiley plus hw assignment one quiz due February 12 need 90% grade or higher 3 accounting hw and quizz
13862

Accounting Final Exam 

Open on december 15 only 

final
13861

accounting test 

open only on december 11 on blackboard 

test
13860

2 accounting chapter on wiley plus 

 

accounting hw
13858 waix ltd is a manufacturer with a number of product line impairment of asset
13851

Principles of accounting exam 

Open only on tuesday the whole day 

on blackboard 

accounting exam
13846

Blackboard/wiley plus Module 4 chapter 19 and 20 Hw assignment and quiz 8 and 9 

Accounting: 2 HW & 2 Quizzes
13843

principle of accounting ll practice set question. 

NEED 100% GRADE ON THIS QUESTION

ONLY 2 QUESTION ATTEMPTS 

accounting practice set
13841

Principle of accounting ll practice set 

accounting practice set
13836 Accounting exam on black board, 10 multiple choice with 7-8 short answer questions, due before 11:59 pm tuesday limited time accounting exam
13824 wiley plus accounting hw questions 34 questions in total Wiley Plus accounting hw
13823

Wiley Plus hw questions on principles of accounting. 34 total questions, totaling 2 chapters

Wiley Plus accounting hw
13738

These assignments are shorter and hopefully doesn't take too long. Chapters have been partially filled out as you can see below. 

Chapter 6

1.


Your answer:

 

eBook

Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for portable DVD players are as follows: 

The business maintains a perpetual inventory system, costing by the first-in, first-out method.

 

a.  Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. If units are in inventory at two different costs, enter the OLDEST units first.

 

 Cost of the Merchandise Sold Schedule 

 First-in, First-out Method 

 Portable DVD Players 

 Date 

 

 Quantity Purchased 

 

 Purchases Unit Cost 

 

 Purchases Total Cost 

 

 Quantity Sold 

 

 Cost of Merchandise Sold Unit Cost 

 

 Cost of Merchandise Sold Total Cost 

 

 Inventory Quantity 

 

 Inventory Unit Cost 

 

 Inventory Total Cost 

 April 1 

                         

 120 

 

$ 39 

 

$ 4,680 

 April 6 

             
 

90

 
 

$

39

 
 

$

3510

 
 
 

30

 
 
 

39

 
 
 

1170

 

 April 14

 
 

140

 
 

$

40

 
 

$

5600

 
             
 

30

 
 
 

39

 
 
 

1170

 
                           
 

140

 
 
 

40

 
 
 

5600

 

 April 19

             
 

30

 
 
 

39

 
 
 

1170

 
 
 

60

 
 
 

40

 
 
 

2400

 
               
 

80

 
 
 

40

 
 
 

3200

 
           

 April 25

             
 

45

 
 
 

40

 
 
 

1800

 
 
 

15

 
 
 

40

 
 
 

600

 

 April 30

 
 

160

 
 
 

43

 
 
 

6880

 
             
 

15

 
 
 

40

 
 
 

600

 
                           
 

160

 
 
 

43

 
 
 

6880

 

 April 30

 

 Balances 

                 

$

9680

 
         

$

7480

 

 

 

  • b.  Based upon the preceding data, would you expect the inventory to be higher or lower using thelast-in, first-out method?

Lower

  • 2.


Your answer:

 

eBook

Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales data for portable DVD players are as follows: 

The business maintains a perpetual inventory system, costing by the last-in, first-out method.

 

Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. If units are in inventory at two different costs, enter the OLDEST units first.

 

 Schedule of Cost of Merchandise Sold 

 LIFO Method 

 Portable DVD Players 

 Date 

 

 Quantity Purchased 

 

 Purchases Unit Cost 

 

 Purchases Total Cost 

 

 Quantity Sold 

 

 Cost of Merchandise Sold Unit Cost 

 

 Cost of Merchandise Sold Total Cost 

 

 Inventory Quantity 

 

 Inventory Unit Cost 

 

 Inventory Total Cost 

 Apr. 1 

                         

 120 

 

$ 39 

 

$ 4,680 

 Apr. 6 

             
 

 

 
 

$

 

 
 

$

 

 
 
 

 

 
 
 

 

 
 
 

 

 

 Apr. 14

 
 

 

 
 

$

 

 
 

$

 

 
             
 

 

 
 
 

 

 
 
 

 

 
                           
 

 

 
 
 

 

 
 
 

 

 

 Apr. 19

             
 

 

 
 
 

 

 
 
 

 

 
 
 

 

 
 
 

 

 
 
 

 

 
                           
 

 

 
 
 

 

 
 
 

 

 

 Apr. 25

             
 

 

 
 
 

 

 
 
 

 

 
 
 

 

 
 
 

 

 
 
 

 

 
               
 

 

 
 
 

 

 
 
 

 

 
           

 Apr. 30

 
 

 

 
 
 

 

 
 
 

 

 
             
 

 

 
 
 

 

 
 
 

 

 
                           
 

 

 
 
 

 

 
 
 

 

 
                                     

 Apr. 30

 

 Balances 

                 

$

 

 
         

$

 

 

 

 

3.


Your answer:

eBook

Weighted Average Cost Flow Method Under Perpetual Inventory System

The following units of a particular item were available for sale during the calendar year:

The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Present the data in the form illustrated inExhibit 5. Round unit cost to two decimal places, if necessary.

Schedule of Cost of Merchandise Sold
Weighted Average Cost Flow Method

 

Purchases

Cost of Merchandise Sold

Inventory

Date

Quantity

Unit Cost

Total Cost

Quantity

Unit Cost

Total Cost

Quantity

Unit Cost

Total Cost

Jan. 1

 

 

 

 

 

 

  _________________  

$   _________________  

$   _________________  

Apr. 19

 

 

 

  _________________  

$   _________________  

$   _________________  

  _________________  

  _________________  

  _________________  

June 30

  _________________  

$   _________________  

$   _________________  

 

 

 

  _________________  

  _________________  

  _________________  

Sept. 2

 

 

 

  _________________  

  _________________  

  _________________  

  _________________  

  _________________  

  _________________  

Nov. 15

  _________________  

  _________________  

  _________________  

 

 

 

  _________________  

  _________________  

  _________________  

Dec. 31

Balances

 

 

 

 

$   _________________  

  _________________  

$   _________________  

$   _________________  

 

4.


Your answer:

 

eBook

Periodic Inventory by Three Methods; Cost of Merchandise Sold

The units of an item available for sale during the year were as follows: 

There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used.

 

Determine the inventory cost and the cost of merchandise sold by three methods.

 

   

   

 Cost of Merchandise Inventory and Cost of Merchandise Sold 

 Inventory Method 

 

 Merchandise Inventory 

 

 Merchandise Sold 

 First-in, first-out (FIFO) 

 

$

 

 
 

$

 

 

 Last-in, first-out (LIFO) 

 
 

 

 
 
 

 

 

 Weighted average cost 

 
 

 

 
 
 

 

 

 

 

Chapter 8

1.


Your answer:

eBook

Providing for Doubtful Accounts

At the end of the current year, the accounts receivable account has a debit balance of $6,125,000 and net sales for the year total $66,800,000.

a.     The allowance account before adjustment has a debit balance of $18,000. Bad debt expense is estimated at ¾ of 1% of net sales.

b.    The allowance account before adjustment has a debit balance of $18,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $475,000.

c.     The allowance account before adjustment has a credit balance of $10,000. Bad debt expense is estimated at ½ of 1% of net sales.

d.    The allowance account before adjustment has a credit balance of $10,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $360,000.

Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.

a.

$

blank

b.

$

blank

c.

$

blank

d.

$

blank

 

2.


Your answer:

 

eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Entries Related to Uncollectible Accounts

The following transactions were completed by The Irvine Company during the current fiscal year ended December 31:

Required:

  1.  Enter the January 1 credit balance of $26,000 in the T account (below) forAllowance for Doubtful Accounts.

 

2. a.  Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Note: For the December 31 adjusting entry, assume the $1,785,000 balance in accounts receivable reflects the adjustments made during the year.

 

 
 
       

 Feb. 8 

 

Cash 

 

 

blank

 
 

blank

 
 

 

Allowance for Doubtful Accounts 

 

 

blank

 
 

blank

 
 

 

Accounts Receivable-DeCoy Co. 

 

 

blank

 
 

blank

 
       

 May 27-reinstate 

 

blank 

 

 

blank

 
 
 

 

blank 

 

 
 

blank

 
       

 May 27-collection 

 

blank 

 

 

blank

 
 
 

 

blank 

 

 
 

blank

 
       

 Aug. 13 

 

blank 

 

 

blank

 
 
 

 

blank 

 

 
 

blank

 
       

 Oct. 31-reinstate 

 

blank 

 

 

blank

 
 
 

 

blank 

 

 
 

blank

 
       

 Oct. 31-collection 

 

blank 

 

 

blank

 
 
 

 

blank 

 

 
 

blank

 
       

 Dec. 31-write-off 

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
       

 Dec. 31-adjusting 

 

blank 

 

 

blank

 
 
 

 

blank 

 

 
 

blank

 
       

 

 

  1. b.Post each entry that affects the following selected T accounts and determine the new balances:

Allowance for Doubtful Accounts

Select

blank

Jan. 1 Balance

blank

Select

blank

Select

blank

Select

blank

Select

blank

       

 

 

Select

blank

Select

blank

Dec. 31 Adj. Balance

blank

 

Bad Debt Expense

Select

blank

 

 
  • Hint(s)
  • 3.  Determine the expectednet realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry).
    $

blank

  1.  Assuming that instead of basing the provision for uncollectible accounts on an analysis ofreceivables, the adjusting entry on December 31 had been based on an estimated expense of ¼ of 1% of the net sales of $18,200,000 for the year, determine the following:
  2.  Bad debt expensefor the year.
    $

blank

  1.  Balance in the allowance account after the adjustment of December 31.
    $

blank

  1.  Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry).
    $

blank

  • 3.


Your answer:

 

eBook

Sales and Notes Receivable Transactions

The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer Co. sells and installs home and business security systems.

Required:

 

Journalize the entries to record the transactions. Assume 360 days in a year. For a compound entry, if an amount box does not require an entry, leave it blank.

 

 
 
       

 Jan. 3 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Feb. 10-sale 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Feb. 10-cost 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Feb. 13-sale 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Feb. 13-cost 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Mar. 12 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Mar. 14 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Apr. 3 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 May 11 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 May 13 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 July 12 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 Aug. 1 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 Oct. 5-sale 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Oct. 5-cost 

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 Oct. 15 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 

 

Chapter 9

1.


Your answer:

eBook

Revision of Depreciation

A building with a cost of $780,000 has an estimated residual value of $90,000, has an estimated useful life of 40 years, and is depreciated by the straight-line method.

a.  What is the amount of the annual depreciation?
$

blank

b.  What is the book value at the end of the twenty-fourth year of use?
$

blank

c.  If at the start of the twenty-fifth year it is estimated that the remaining life is 10 years and that the residual value is $70,000, what is the depreciation expense for each of the remaining 10 years? 
$

blank

 

2.


Your answer:

 

eBook

Entries for Sale of Fixed Asset

Equipment acquired on January 8, 2011, at a cost of $420,000, has an estimated useful life of 15 years, has an estimatedresidual value of $30,000, and is depreciated by the straight-line method.

  1.  What was thebook valueof the equipment at December 31, 2014, the end of the year?
    $   _________________  
  2.  Assume that the equipment was sold on October 1, 2015, for $275,000.

 

 

1.  Journalize the entry to record depreciation for the nine months until the sale date.

 

 
 
       

   

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 


2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank.

 

 
 
       

   

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 

 

3.


Your answer:

 

eBook

Disposal of Fixed Asset

Equipment acquired on January 6, 2011, at a cost of $714,000, has an estimated useful life of 12 years and an estimatedresidual value of $44,400.

  1.  What was the annual amount ofdepreciationfor the years 2011, 2012, and 2013, using the straight-line methodof depreciation?

Year

Depreciation Expense

2011

$   _________________  

2012

$   _________________  

2013

$   _________________  

  1.  What was thebook valueof the equipment on January 1, 2014?
    $   _________________  

 

 

c.  Assuming that the equipment was sold on January 3, 2014, for $525,000, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

 

 
 
       

   

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 


d.  Assuming that the equipment had been sold on January 3, 2014, for $560,000 instead of $525,000, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

 

 
 
       

   

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
 

 

 

 

 

 

 
 

 

 
       

 

 

4.


Your answer:

 

eBook

Depletion Entries

Crazy Jim's Mining Co. acquired mineral rights for $21,750,000. The mineral deposit is estimated at 15,000,000 tons. During the current year, 3,600,000 tons were mined and sold.

  1.  Determine the amount of depletion expense for the current year. Round the depletion rate to two decimals places.
    $   _________________  

 

 

b.  Journalize the adjusting entry to recognize the depletion expense.

 

 
 
       

   

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 

 

5.


Your answer:

 

eBook

Amortization Entries

Voss Company acquired patent rights on January 6, 2011, for $480,000. The patent has a useful life equal to its legal life of eight years. On January 3, 2014, Voss successfully defended the patent in a lawsuit at a cost of $80,000.

  1.  Determine the patent amortization expense for the current year ended December 31, 2014.
    $   _________________  

 

 

b.  Journalize the adjusting entry to recognize the amortization.

 

 
 
       

   

 

 

 

 

 

 
 
 

 

 

 

 
 

 

 
       

 

 

6.


Your answer:

eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Depreciation by Three Methods; Partial Years

Perdue Company purchased equipment on April 1, 2012, for $270,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during 2012, 5,500 hours in 2013, 4,000 hours in 2014, and 1,000 hours in 2015.

Required:

Determine the amount of depreciation expense for the years ended December 31, 2012, 2013, 2014, and 2015, by (a) thestraight-line method, (b) units-of-output method, and (c) the double-declining-balance method. 

Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.

a.  Straight-line method

Year

Amount

2012

$

blank

2013

$

blank

2014

$

blank

2015

$

blank

b.  Units-of-output method

Year

Amount

2012

$

blank

2013

$

blank

2014

$

blank

2015

$

blank

c.  Double-declining-balance Method

Year

Amount

2012

$

blank

2013

$

blank

2014

$

blank

2015

$

blank

 

7.


Your answer:

 

eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Depreciation by Two Methods; Sale of Fixed Asset

New lithographic equipment, acquired at a cost of $800,000 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected.

In the first week of the fifth year, the equipment was sold for $135,000.

Required:

  1.  Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and thebook valueof the equipment at the end of each year by the following methods:
  2.  Straight-line method

Year

Depreciation Expense

Accumulated Depreciation, End of Year

Book Value, End of Year

1

$

blank

$

blank

$

blank

2

$

blank

$

blank

$

blank

3

$

blank

$

blank

$

blank

4

$

blank

$

blank

$

blank

5

$

blank

$

blank

$

blank

  1.  Double-declining-balance method

Year

Depreciation Expense

Accumulated Depreciation, End of Year

Book Value, End of Year

1

$

blank

$

blank

$

blank

2

$

blank

$

blank

$

blank

3

$

blank

$

blank

$

blank

4

$

blank

$

blank

$

blank

5

$

blank

$

blank

$

blank

 

 

2.  Journalize the entry to record the sale, assuming double-declining balance method is used. If an amount box does not require an entry, leave it blank.

 

 
 
       

   

 

Cash 

 

 

135000

 
 

blank

 
 

 

Accumulated Depreciation-Equipment 

 

 

696320

 
 

blank

 
 

 

Equipment 

 

 

blank

 
 

800000

 
 

 

Gain on Sale of Equipment 

 

 

blank

 
 

31320

 
       

 


3.  Journalize the entry to record the sale, assuming that the equipment was sold for $88,750 instead of $135,000. If an amount box does not require an entry, leave it blank.

 

 
 
       

   

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
 

 

blank 

 

 

blank

 
 

blank

 
       

 

 Please let me know ASAP of any information I can provide that might help. Thank you thank you for all your time and help.

Financial & Managerial Accounting, Chapter 6, 8, and 9
13737

Chapter 10

Assignment: Chapter 10 Homework
1.
 
eBook

Calculate Payroll

Snyder Company has three employees—a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:

For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table inExhibit 3. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.

Determine the gross pay and the net pay for each of the three employees for the current pay period. If required, round your answers to two decimal places.

  Consultant Computer Programmer Administrator
Gross pay $   _________________   $   _________________   $   _________________  
Net pay $   _________________   $   _________________   $   _________________  

2.
 

eBook

Summary Payroll Data

In the following summary of data for a payroll period, some amounts have been intentionally omitted:

a.  Calculate the amounts omitted in lines (1), (3), (8), and (12).

(1) $   _________________  
(3) $   _________________  
(8) $   _________________  
(12) $   _________________  


 

b.  Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

c.  Journalize the entry to record the payment of the payroll.



 
 
       
 
 
     
 
 
 
 
     
       

 


3.
 

eBook

Payroll Entries

The payroll register for Jaffrey Company for the week ended May 16 indicated the following:

In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $225,000 of salaries.

For a compound transaction, if an amount box does not require an entry, leave it blank.


 

a.  Journalize the entry to record the payroll for the week of May 16.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

b.  Journalize the entry to record the payroll tax expense incurred for the week of May 16.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
       

 


4.
 
eBook

Quick Ratio

The current assets and current liabilities for Apple Inc. and Dell, Inc., are shown as follows at the end of a recent fiscal period:

a.  Determine the quick ratio for both companies. If required, round your answers to one decimal place.

  Quick Ratio
Apple Inc.:   _________________  
Dell Inc.:   _________________  

b.  Which company has a stronger relative cash and short-term investment position?

  _________________  

5.
 
eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Entries for Payroll and Payroll Taxes

The following information about the payroll for the week ended December 30 was obtained from the records of Qualitech Co.:

Required:

If an amount box does not require an entry, leave it blank.

1a.  Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30, to record the payroll.

Date Account Debit Credit
Dec. 30   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

1b.   Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30, to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $35,000 is subject to unemployment compensation taxes.


Date Account Debit Credit
Dec. 30   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

2a.   Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry on December 30, to record the payroll.


Date Account Debit Credit
Dec. 30   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

2b.  Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry to record the employer's payroll taxes on the payroll to be paid on January 5. Since it is a new fiscal year, all $675,000 in salaries is subject to unemployment compensation taxes.


Date Account Debit Credit
Jan. 5   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

6.
 
eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Wage and Tax Statement Data on Employer FICA Tax

Ehrlich Co. began business on January 2, 2013. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the calendar year. Early in 2014, before the Wage and Tax Statements (Form W-2) could be prepared for distribution to employees and for filing with the Social Security Administration, the employees' earnings records were inadvertently destroyed.

None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tax was withheld at the rate of 6.0% and Medicare tax at the rate of 1.5%. Data on dates of employment, salary rates, and employees' income taxes withheld, which are summarized as follows, were obtained from personnel records and payroll records:

Required:

1.  Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 2013. Enter amounts to the nearest cent if required. Enter all amounts as positive numbers.

Employee Gross Earnings Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax Withheld
Arnett $   _________________     $   _________________     $   _________________     $   _________________    
Cruz   _________________       _________________       _________________       _________________    
Edwards   _________________       _________________       _________________       _________________    
Harvin   _________________       _________________       _________________       _________________    
Nicks   _________________       _________________       _________________       _________________    
Shiancoe   _________________       _________________       _________________       _________________    
Ward   _________________       _________________       _________________       _________________    
      $   _________________     $   _________________    

2.  Calculate the following employer payroll taxes for the year: (a) social security; (b) Medicare; (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings; (d) federal unemployment compensation at 0.8% on the first $10,000 of each employee's earnings; (e) total.

(a) $   _________________  
(b) $   _________________  
(c) $   _________________  
(d) $   _________________  
(e) $   _________________  

 

Assignment: Chapter 11 Homework
1.
 

eBook

Issuing Stock

Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and 200,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of operations. The trial balance at the close of the day follows:

All shares within each class of stock were sold at the same price. The preferred stock was issued in exchange for the land and buildings.


 

Journalize the entries to record the (1) common and (2) preferred stock transactions summarized in the trial balance.

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
(1)
 
     
     
 
 
     
     
 
 
     
     
       

 



 

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
(2)
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
       

 


2.
 

eBook

Issuing Stock

Workplace Products Inc., a wholesaler of office products, was organized on February 1 of the current year, with an authorization of 10,000 shares of preferred 2% stock, $120 par and 250,000 shares of $25 par common stock. The following selected transactions were completed during the first year of operations:

Journalize the transactions.


 

Feb. 1.  Issued 180,000 shares of common stock at par for cash.



 
 
       
Feb. 1
 
     
 
 
 
 
     
       

 



 

Feb. 1.  Issued 400 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.



 
 
       
Feb. 1
 
     
 
 
 
 
     
       

 



 

Mar. 9.  Issued 30,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $200,000, $550,000, and $135,000, respectively.

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
Mar. 9
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

Apr. 13.  Issued 8,500 shares of preferred stock at $131 for cash.

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
Apr. 13
 
     
     
 
 
     
     
 
 
     
     
       

 


3.
 
eBook

Effect of Cash Dividend and Stock Split

Indicate whether the following actions would increase, decrease, or not affect Indigo Inc.'s total assets, liabilities, and stockholders' equity:

  Assets Liabilities Stockholders' Equity
1.  Authorizing and issuing stock certificates in a stock split   _________________     _________________     _________________  
2.  Declaring a stock dividend   _________________     _________________     _________________  
3.  Issuing stock certificates for the stock dividend declared in (2)   _________________     _________________     _________________  
4.  Declaring a cash dividend   _________________     _________________     _________________  
5.  Paying the cash dividend declared in (4)   _________________     _________________     _________________  

4.
 

eBook

Selected Dividend Transactions, Stock Split

Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows:

Journalize the transactions.

If no entry is required, type "No entry required" and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank.


 

Jan. 8.  Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 150,000 common shares outstanding.



 
 
       
Jan. 8
 
     
 
 
 
 
     
       

 



 

Apr. 30.  Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0.28 on the common stock payable on July 1.



 
 
       
Apr. 30
 
     
 
 
 
 
     
       

 



 

July 1.  Paid the cash dividends.



 
 
       
July 1
 
     
 
 
 
 
     
       

 



 

Oct. 31.  Declared semiannual dividends of $0.75 on the preferred stock and $0.14 on the common stock (before thestock dividend). In addition, a 5% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $52.



 
 
       
Cash dividends
 
     
 
 
 
 
     
       
Stock dividends
 
     
     
 
 
     
     
 
 
     
     
       

 



 

Dec. 31.  Paid the cash dividends and issued the certificates for the common stock dividend.



 
 
       
Payment
 
     
 
 
 
 
     
       
Issuance
 
     
 
 
 
 
     
       

 


5.
 
eBook

EPS

For a recent year, OfficeMax and Staples are two companies competing in the retail office supply business. OfficeMax had a net income of $71,155,000, while Staples had a net income of $881,948,000. OfficeMax had preferred stock of $30,901,000 with preferred dividends of $2,527,000. Staples had no preferred stock. The average outstanding common shares for each company were as follows:

 Determine the earnings per share for each company. Round to two decimal places.

OfficeMax Earnings $   _________________   per share
Staples Earnings $   _________________   per share

6.
 

eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Selected Stock Transactions

The following selected accounts appear in the ledger of Orion Inc. on February 1, 2014, the beginning of the current fiscal year:

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

Journalize the entries to record the transactions.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Required:


 

a.  Issued 360,000 shares of common stock at $22, receiving cash.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

b.  Issued 14,000 shares of preferred 1% stock at $43.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

c.  Purchased 66,000 shares of treasury common for $18 per share.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

d.  Sold 51,000 shares of treasury common for $21 per share.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

e.  Sold 10,000 shares of treasury common for $16 per share.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

f.  Declared cash dividends of $0.40 per share on preferred stock and $0.03 per share on common stock.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

g.  Paid the cash dividends.



 
 
       
 
 
     
 
 
 
 
     
       

 

 

 

Assignment: Chapter 12 Homework
1.
 

eBook

Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method

On the first day of its fiscal year, Woodard Company issued $12,000,000 of 10-year, 8% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 10%, resulting in Woodard Company receiving cash of $10,504,541.


 

a.  Journalize the entries to record the following:

For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar.



 
 
       
1.
 
     
     
 
 
     
     
 
 
     
     
       
2.
 
     
 
 
 
 
     
       
3.
 
     
 
 
 
 
     
       
4.
 
     
 
 
 
 
     
       

 


 

b.  Determine the amount of the bond interest expense for the first year.
$   _________________  

 

2.
 

eBook

Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method

Yang Corporation wholesales repair products to equipment manufacturers. On May 1, 2014, Yang Corporation issued $20,000,000 of 10-year, 9% bonds at a market (effective) interest rate of 7%, receiving cash of $22,842,560. Interest is payable semiannually on May 1 and November 1.


 

a.  Journalize the entry to record the issuance of bonds on May 1, 2014. For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

b.  Journalize the entry to record the first interest payment on November 1, 2014, and amortization of bond premium for six months, using the straight-line method. (Round to the nearest dollar.) For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 


3.
 

eBook

Entries for Issuing and Calling Bonds; Loss

Polders Corp., a wholesaler of office equipment, issued $40,000,000 of 10-year, 8% callable bonds on April 1, 2014, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year.

Journalize the entries to record the following selected transactions:


 

Issued the bonds for cash at their face amount.



 
 
       
2014 Apr. 1
 
     
 
 
 
 
     
       

 



 

Paid the interest on the bonds.



 
 
       
2014 Oct. 1
 
     
 
 
 
 
     
       

 



 

Called the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
2018 Oct. 1
 
     
     
 
 
     
     
 
 
     
     
       

 


4.
 

eBook

Entries for Issuing and Calling Bonds; Gain

Robbins Corp. produces and sells wind-energy-driven engines. To finance its operations, Robbins Corp. issued $30,000,000 of 20-year, 10% callable bonds on March 1, 2014, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year.

Journalize the entries to record the following selected transactions:


 

Issued the bonds for cash at their face amount.



 
 
       
2014 Mar. 1
 
     
 
 
 
 
     
       

 



 

Paid the interest on the bonds.



 
 
       
2014 Sept. 1
 
     
 
 
 
 
     
       

 



 

Called the bond issue at 98, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
2020 Sept. 1
 
     
     
 
 
     
     
 
 
     
     
       

 


5.
 
eBook

Number of Times Interest Charges are Earned

The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States:

a.  Determine the number of times interest charges are earned for the current and preceding years. Round to one decimal place.

Current year   _________________  
Preceding year   _________________  

b.  Although Southwest Airlines had enough earnings to pay interest in the preceding year, the   _________________   in this ratio will be   _________________   by the debtholders.

Upon completion, I will verify the answers on the cengage platform. Thank you thank you and please let me know if there is anymore information I can provide.

 

Financial & Managerial Accounting, Chapter 10, 11, and 12
13736
Assignment: Chapter 5 Homework
1.
 
eBook

Determining Gross Profit

During the current year, merchandise is sold for $2,450,000. The cost of the merchandise sold is $1,519,000.

a.  What is the amount of the gross profit?
$   _________________  

b.  Compute the gross profit percentage (gross profit divided by sales).
  _________________   %

c.  When will the income statement report net income?
  _________________  


2.
 
eBook

Determining Cost of Merchandise Sold

For a recent year, Best Buy reported revenue of $50,272 million. Its gross profit was $12,637 million. What was the amount of Best Buy's cost of merchandise sold? (Enter answer in millions.)
$   _________________   million


3.
 
eBook

Purchase-Related Transactions

Locust Company purchased merchandise on account from a supplier for $34,900, terms 1/10, n/30. Locust Company returned $6,400 of the merchandise and received full credit.

a.  If Locust Company pays the invoice within the discount period, what is the amount of cash required for the payment?
$   _________________  

b.  Under a perpetual inventory system, what account is credited by Locust Company to record the return?
  _________________  


4.
 
eBook

Purchase-Related Transactions

A retailer is considering the purchase of 250 units of a specific item from either of two suppliers. Their offers are as follows:

Supplier One: $400 a unit, total of $100,000, 1/10, n/30, no charge for freight.
Supplier Two: $399 a unit, total of $99,750, 2/10, n/30, plus freight of $975.

Price of Supplier One:
$   _________________  

Price of Supplier Two:
$   _________________  

Which of the two offers, Supplier One or Supplier Two, yields the lower price?
  _________________  


5.
 
eBook

Purchase-Related Transactions

The debits and credits from four related transactions are presented in the following T accounts.

Describe each transaction.

1.     _________________  
2.     _________________  
3.     _________________  
4.     _________________  

6.
 

eBook

Purchase-Related Transactions

Paramount Co., a women's clothing store, purchased $60,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Paramount Co. returned $12,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period.


 

a.  Journalize Paramount Co.'s entry to record the purchase.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

b.  Journalize Paramount Co.'s entry to record the merchandise return.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

c.  Journalize Paramount Co.'s entry to record the payment.

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 


7.
 

eBook

Purchase-Related Transactions

Journalize entries for the following related transactions of Platypus Company:


 

a.  Purchased $71,500 of merchandise from Sitwell Co. on account, terms 1/10, n/30.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

b.  Paid the amount owed on the invoice within the discount period.

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
 
 
     
     
 
 
     
     
 
 
     
     
       

 



 

c.  Discovered that $13,500 (before purchases discount of 1%) of the merchandise was defective and returned items, receiving credit.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

d.  Purchased $9,000 of merchandise from Sitwell Co. on account, terms n/30.



 
 
       
 
 
     
 
 
 
 
     
       

 



 

e.  Received a check for the balance owed from the return in (c), after deducting for the purchase in (d).



 
 
       
 
 
     
 
 
 
 
     
       

 


8.
 

eBook

Sales-Related Transactions, Including the Use of Credit Cards

Journalize the entries for the following transactions:


 

a.  Sold merchandise for cash, $45,000. The cost of the merchandise sold was $27,000. (Record the sale first.)



 
 
       
 
 
     
 
 
 
 
     
       
 
 
     
 
 
 
 
     
       

 



 

b.  Sold merchandise on account, $115,000. The cost of the merchandise sold was $69,000. (Record the sale first.)



 
 
       
 
 
     
 
 
 
 
     
       
 
 
     
 
 
 
 
     
       

 



 

c.  Sold merchandise to customers who used MasterCard and VISA, $130,000. The cost of the merchandise sold was $78,000. (Record the sale first.)



 
 
       
 
 
     
 
 
 
 
     
       
 
 
     
 
 
 
 
     
       

 



 

d.  Sold merchandise to customers who used American Express, $100,000. The cost of the merchandise sold was $60,000. (Record the sale first.)



 
 
       
 
 
     
 
 
 
 
     
       
 
 
     
 
 
 
 
     
       

 



 

e.  Received an invoice from Foley Credit Co. for $9,200, representing a service fee paid for processing MasterCard, VISA, and American Express sales.



 
 
       
 
 
     
 
 
 
 
     
       

 


9.
 

eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Purchase-Related Transactions

The following selected transactions were completed by Capers Company during October of the current year:

Required:


 

Journalize the entries to record the transactions of Capers Company for October.

For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
Oct. 1
 
     
 
 
 
 
     
       
Oct. 3
 
     
 
 
 
 
     
       
Oct. 4
 
     
 
 
 
 
     
       
Oct. 6
 
     
 
 
 
 
     
       
Oct. 13
 
     
     
 
 
     
     
 
 
     
     
       
Oct. 14
 
     
     
 
 
     
     
 
 
     
     
       
Oct. 19-Purchase
 
     
 
 
 
 
     
       
Oct. 19-Freight
 
     
 
 
 
 
     
       
Oct. 20
 
     
 
 
 
 
     
       
Oct. 30
 
     
     
 
 
     
     
 
 
     
     
       
Oct. 31-UK Imports
 
     
 
 
 
 
     
       
Oct. 31-Veggie
 
     
 
 
 
 
     
       

 


10.
 
eBook Problem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving StrategyProblem-Solving Strategy

Sales-Related Transactions

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers:

Required:

Journalize the entries to record the transactions of Amsterdam Supply Co. For a compound transaction, if an amount box does not require an entry, leave it blank.

Date Account Debit Credit
Mar. 2-sale   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 2-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 3-sale   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

Date Account Debit Credit
Mar. 3-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 4-sale   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 4-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 5-sale   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

Date Account Debit Credit
Mar. 5-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 12   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

Date Account Debit Credit
Mar. 14-sale   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 14-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 16-sale   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 16-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 18-return   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 18-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 19-sale   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 19-freight   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 19-cost   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 26   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

Date Account Debit Credit
Mar. 28   _________________     _________________     _________________  
    _________________     _________________     _________________  
    _________________     _________________     _________________  

Date Account Debit Credit
Mar. 31-collection   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Mar. 31-freight   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Apr. 3   _________________     _________________    
    _________________       _________________  

Date Account Debit Credit
Apr. 15   _________________     _________________    
    _________________       _________________  

 

Financial & Managerial Accounting, 12th Edition Chaptr 5
7847

accounting

chapter 7 & 8
7538

mcgrawhill connect accounting homework online for chapters 7-12.

Accounting homework
7529

Question description

Question 1.1. If a company is given credit terms of 2/10, n/30, it should (Points : 1)

       hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time.
       pay within the discount period and recognize a savings.
       pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill.
       recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

 

Question 2.2. Manufacturers usually classify inventory into all the following general categories except: (Points : 1)

       work in process.
       finished goods.
       merchandise inventory.
       raw materials.

 

Question 3.3. Which of the following should be included in the physical inventory of a company? (Points : 1)

       Goods held on consignment from another company
       Goods in transit to another company shipped FOB shipping point
       Goods in transit from another company shipped FOB shipping point
       Both b and c above

 

Question 4.4. Which of the following statements is true regarding inventory cost flow assumptions? (Points : 1)

       A company may use more than one costing method concurrently.
       A company must comply with the method specified by industry standards.
       A company must use the same method for domestic and foreign operations.
       A company may never change its inventory costing method once it has chosen a method.

 

Question 5.5. If a company determines cost of goods sold each time a sale occurs, it (Points : 1)

       must have a computer accounting system.
       uses a combination of the perpetual and periodic inventory systems.
       uses a periodic inventory system.
       uses a perpetual inventory system.

 

Question 6.6. A company just starting business made the following four inventory purchases in June:

June 1

150 Units $390

June 10

200 units  585

June 15

200 units  630

June 28

150 units  510

Total

$2,115



A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is (Points : 1)

       $536.
       $668.
       $1,447.
       $1,564.

 

Question 7.7. Jake's Market recorded the following events involving a recent purchase of merchandise:


Received goods for $50,000, terms 2/10,n/30
Returned $1,000 of the shipment for credit
Paid $250 freight on the shipment.
Paid the invoice within the discount period.

As a result of these events, the company's inventory increased by

(Points : 1)

       $48,020.
       $48,265.
       $48,270.
       $49,250.

 

Question 8.8. A perpetual inventory system would likely be used by a(n) (Points : 1)

       automobile dealership.
       hardware store.
       drugstore.
       convenience store.

 

Question 9.9. Costner's Market recorded the following events involving a recent purchase of merchandise:


Received goods for $20,000, terms 2/10,n/30
Returned $400 of the shipment for credit
Paid $100 freight on the shipment
Paid the invoice within the discount period

As a result of these events, the company's inventory

(Points : 1)

       increased by $19,208.
       increased by $19,306.
       increased by $19,308.
       increased by $19,700.

 

Question 10.10. Which of the following is a true statement about inventory systems? (Points : 1)

       Periodic inventory systems require more detailed inventory records.
       Perpetual inventory systems require more detailed inventory records.
       A periodic system requires cost of goods sold be determined after each sale.
       A perpetual system determines cost of goods sold only at the end of the accounting period.

 

Question 11.11. At May 1, 2012, Kibbee Company had beginning inventory consisting of 100 units with a unit cost of $7. During May, the company purchased inventory as follows:


400 units at $7
300 units at $8

The company sold 500 units during the month for $12 per unit. Kibbee uses the average cost method. The average cost per unit for May is

(Points : 1)

       $7.000.
       $7.375.
       $7.500.
       $8.000.

 

Question 12.12. Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2012 are as follows:


                        Units   Per unit price   Total

Balance,  1/1/12    200   $5.00          $1,000
Purchase, 1/15/12 100     5.30             530
Purchase, 1/28/12 100     5.50             550

An end of the month (1/31/12) inventory showed that 140 units were on hand. How many units did the company sell during January, 2012?

(Points : 1)

       60
       140
       200
       260

 

Question 13.13. Fetherston Company's goods in transit at December 31 include:

Sales Made                          

Purchases made

1) FOB Destination   

3) FOB destination

2) FOB Shipping point 

4) FOB shipping point



Which items should be included in Fetherston's inventory at December 31? (Points : 1)

       (2) and (3)
       (1) and (4)
       (1) and (3)
       (2) and (4)

 

Question 14.14. Which one of the following inventory methods is often impractical to use? (Points : 1)

       Specific identification
       LIFO
       FIFO
       Average cost

 

Question 15.15. Eneri Company's inventory records show the following data:

 

Units

Unit Cost

Inventory, January 1

5,000

$9.20

Purchases: June 18

4,500

 8.00

November 8

3,000

 7.00



A physical inventory on December 31 shows 2,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. What is the difference in taxes if LIFO rather than FIFO is used? (Points : 1)

       $880 additional taxes
       $496 additional taxes
       $384 additional taxes
       $496 tax savings

 

Question 16.16. Which of the following items will increase inventoriable costs for the buyer of goods? (Points : 1)

       Purchase returns and allowances granted by the seller
       Purchase discounts taken by the purchaser
       Freight charges paid by the seller
       Freight charges paid by the purchaser

 

Question 17.17. The cost of goods available for sale is allocated between (Points : 1)

       beginning inventory and ending inventory.
       beginning inventory and cost of goods on hand.
       ending inventory and cost of goods sold.
       beginning inventory and cost of goods purchased.

 

Question 18.18. Beginning inventory plus the cost of goods purchased equals (Points : 1)

       cost of goods sold.
       cost of goods available for sale.
       net purchases.
       total goods purchased.

 

Question 19.19. Priscilla has the following inventory information.

July 1

Beginning Inventory       20 units at $19          $380

July 7

Purchases                   70 units at $20         1,400

July 22

Purchases                   10 units at $23           230

 

                                                                $2,010



A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is (Points : 1)

       $1,380.
       $1,390.
       $1,407.
       $1,430.

 

Question 20.20. Under a consignment arrangement, the (Points : 1)

       consignor has ownership until goods are sold to a customer.
       consignor has ownership until goods are shipped to the consignee.
       consignee has ownership when the goods are in the consignee's possession.
       consigned goods are included in the inventory of the consignee.

 

Question 21.21. Partridge Bookstore had 500 units on hand at January 1, costing $18 each. Purchases and sales during the month of January were as follows:

Date

Purchases

Sales

Jan 14

 

375@$28

Jan 17

250 @ $20

 

Jan 25

250 @ $22

 

Jan 29

 

260 @ $32



Partridge does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31.
The cost of the inventory at January 31, under the LIFO method is: (Points : 1)

       $6,570.
       $7,300.
       $7,800.
       $8,030.

 

Question 22.22. A buyer would record a payment within the discount period under a perpetual inventory system by crediting (Points : 1)

       Accounts Payable.
       Inventory.
       Purchase Discounts.
       Sales Discounts.

 

Question 23.23. Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2012 are as follows:


                           Units   Per unit price  Total
Balance,  1/1/12    200       $5.00          $1,000
Purchase, 1/15/12 100         5.30             530
Purchase, 1/28/12 100         5.50             550

An end of the month (1/31/12) inventory showed that 140 units were on hand. If the company uses FIFO, what is the value of the ending inventory?

(Points : 1)

       $700
       $728
       $742
       $762

 

Question 24.24. Which of the following is not a common cost flow assumption used in costing inventory? (Points : 1)

       First-in, first-out
       Middle-in, first-out
       Last-in, first-out
       Average cost

 

Question 25.25. A company just starting business made the following four inventory purchases in June:

June 1

150 Units $390

June 10

200 units  585

June 15

200 units  630

June 28

150 units  510

Total

$2,115



A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is (Points : 1)

       $536.
       $604.
       $668.
       $1,511.

Question 1.1. The relationship between current assets and current liabilities is important in evaluating a company's (Points : 1)

       profitability.
       liquidity.
       market value.
       accounting cycle.

 

Question 2.2. The income statement for the month of June, 2012 of Camera Obscura Enterprises contains the following information:

Revenues          $7,000

 

Expenses:

Salaries and Wages Expense    $3,000

Rent Expense      1,000

Advertising Expense     800

Supplies Expense  300

Insurance Expense     100

Total expenses            5,200

Net income (loss)       $1,800



The entry to close the revenue account includes a (Points : 1)

       debit to Income Summary for $1,800.
       credit to Income Summary for $1,800.
       debit to Income Summary for $7,000.
       credit to Income Summary for $7,000.

 

Question 3.3. Current liabilities (Points : 1)

       are obligations that the company is to pay within the forthcoming year.
       are listed in the balance sheet in order of their expected maturity.
       are listed in the balance sheet, starting with accounts payable.
       should not include long-term debt that is expected to be paid within the next year.

 

Question 4.4. The income statement for the month of June, 2012 of Camera Obscura Enterprises contains the following information:

Revenues          $7,000

 

Expenses:

Salaries and Wages Expense    $3,000

Rent Expense      1,000

Advertising Expense     800

Supplies Expense  300

Insurance Expense     100

Total expenses            5,200

Net income (loss)       $1,800



The entry to close Income Summary to Ramirez, Capital includes (Points : 1)

       a debit to Revenues for $7,000.
       credits to Expenses totalling $5,200.
       a credit to Income Summary for $1,800
       a credit to Owner's Capital for $1,800.

 

Question 5.5. Office Equipment is classified in the balance sheet as (Points : 1)

       a current asset.
       property, plant, and equipment.
       an intangible asset.
       a long-term investment.

 

Question 6.6. Which of the following would not be classified a long-term liability? (Points : 1)

       Current maturities of long-term debt
       Bonds payable
       Mortgage payable
       Lease liabilities

 

Question 7.7. On September 23, Sebagoh Company received a $350 check from Surfer Rosa Inc. for services to be performed in the future. The bookkeeper for Sebadoh Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350. The amounts have been posted to the ledger. To correct this entry, the bookkeeper should (Points : 1)

       debit Cash $350 and credit Unearned Service Revenue $350.
       debit Accounts Receivable $350 and credit Unearned Service Revenue $350.
       debit Accounts Receivable $350 and credit Cash $350.
       debit Accounts Receivable $350 and credit Service Revenue $350.

 

Question 8.8. Correcting entries are made (Points : 1)

       at the beginning of an accounting period.
       at the end of an accounting period.
       whenever an error is discovered.
       after closing entries.

 

Question 9.9. The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals:

                          Income Statement  Balance Sheet     
                         Dr.            Cr.            Dr.            Cr.  
      Totals      $72,000     $48,000     $60,000     $84,000

To enter the net income (or loss) for the period into the above worksheet requires an entry to the (Points : 1)

       income statement debit column and the balance sheet credit column.
       income statement credit column and the balance sheet debit column.
       income statement debit column and the income statement credit column.
       balance sheet debit column and the balance sheet credit column.

 

Question 10.10. The income statement for the month of June, 2012 of Camera Obscura Enterprises contains the following information:

Revenues          $7,000

 

Expenses:

Salaries and Wages Expense    $3,000

Rent Expense      1,000

Advertising Expense     800

Supplies Expense  300

Insurance Expense     100

Total expenses            5,200

Net income (loss)       $1,800



After the revenue and expense accounts have been closed, the balance in Income Summary will be (Points : 1)

       $0.
       a debit balance of $1,800.
       a credit balance of $1,800.
       a credit balance of $7,000.

 

Question 11.11. What is the order in which assets are generally listed on a classified balance sheet? (Points : 1)

       Current and long-term
       Current; property, plant, and equipment; long-term investments; intangible assets
       Current; property, plant, and equipment; intangible assets; long-term investments
       Current; long-term investments; property, plant, and equipment; intangible assets

 

Question 12.12. The following information is for Sunny Day Real Estate:

Balance Sheet

December 31, 2012

Cash                  $  25,000

Accounts Payable         $  60,000

Prepaid Insurance           30,000

Salaries and Wages Payable      15,000

Accounts Receivable     50,000

Mortgage Payable            85,000

Inventory                      70,000

Total Liabilities         $160,000

Land Held for Investment      85,000

 

Land                    120,000

 

Building                     $100,000

 

 

 

Less Accumulated Depreciation                 (20,000)

                            80,000

Owner’s Capital            370,000

Trademark                      70,000

 

Total Assets              $530,000

Total Liabilities and Owner’s Equity                      $530,000



The total dollar amount of assets to be classified as investments is (Points : 1)

       $0.
       $70,000.
       $85,000.
       $155,000.

 

Question 13.13. The post-closing trial balance contains only (Points : 1)

       income statement accounts.
       balance sheet accounts.
       balance sheet and income statement accounts.
       income statement, balance sheet, and owner's equity statement accounts.

 

Question 14.14. Which one of the following statements concerning the accounting cycle is incorrect? (Points : 1)

       The accounting cycle includes journalizing transactions and posting to ledger accounts.
       The accounting cycle includes only one optional step.
       The steps in the accounting cycle are performed in sequence.
       The steps in the accounting cycle are repeated in each accounting period.

 

Question 15.15. All of the following are owner's equity accounts except (Points : 1)

       the Capital account.
       Capital Stock.
       Investment in Stock.
       Retained Earnings.

 

Question 16.16. Which statement about long-term investments is not true? (Points : 1)

       They will be held for more than one year.
       They are not currently used in the operation of the business.
       They include investments in stock of other companies and land held for future use.
       They can never include cash accounts.

 

Question 17.17. The following information is for Bright Eyes Auto Supplies:

Balance Sheet

December 31, 2012

Cash                  $  20,000

Accounts Payable         $  65,000

Prepaid Insurance           40,000

Salaries and Wages Payable      25,000

Accounts Receivable     50,000

Mortgage Payable           75,000

Inventory                      70,000

Total Liabilities         $165,000

Land Held for Investment      90,000

 

Land                    125,000

Building                     $100,000

 

Less Accumulated

Depreciation      (30,000)  70,000

Owner’s Capital            370,000

                                             

Trademark                      70,000

 

Total Assets              $535,000

Total Liabilities and Owner’s Equity                      $535,000



The total dollar amount of liabilities to be classified as current liabilities is (Points : 1)

       $25,000.
       $65,000.
       $90,000.
       $165,000.

 

Question 18.18. Which of the following liabilities are not related to the operating cycle? (Points : 1)

       Wages payable
       Accounts payable
       Utilities payable
       Bonds payable

 

Question 19.19. Balance sheet accounts are considered to be (Points : 1)

       temporary owner's equity accounts.
       permanent accounts.
       capital accounts.
       nominal accounts.

 

Question 20.20. Intangible assets include each of the following except (Points : 1)

       copyrights.
       goodwill.
       land improvements.
       patents.

 

Question 21.21. The following information is for Sunny Day Real Estate:

Balance Sheet

December 31, 2012

Cash                  $  25,000

Accounts Payable         $  60,000

Prepaid Insurance           30,000

Salaries and Wages Payable      15,000

Accounts Receivable     50,000

Mortgage Payable            85,000

Inventory                      70,000

Total Liabilities         $160,000

Land Held for Investment      85,000

 

Land                    120,000

 

Building                     $100,000

 

 

 

Less Accumulated Depreciation                 (20,000)

                            80,000

                                        Owner’s Capital           370,000

Trademark                      70,000

 

Total Assets              $530,000

Total Liabilities and Owner’s Equity                      $530,000



The total dollar amount of assets to be classified as current assets is (Points : 1)

       $105,000.
       $175,000.
       $190,000.
       $260,000.

 

Question 22.22. The most important information needed to determine if companies can pay their current obligations is the (Points : 1)

       net income for this year.
       projected net income for next year.
       relationship between current assets and current liabilities.
       relationship between short-term and long-term liabilities.

 

Question 23.23. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2012:

Accounts payable                                              $  19,000

Accounts receivable                                               11,000

Accumulated depreciation – equipment                    28,000

Advertising expense                                               21,000

Cash                                                                    11,000

Owner’s capital (1/1/12)                                         105,000

Owner’s drawings                                                   14,000

Depreciation expense                                             12,000

Equipment                                                            190,000

Insurance expense                                                   3,000

Note payable, due 6/30/13                                       70,000

Patent                                                                   20,000

Prepaid insurance (12-month policy)                          6,000

Rent expense                                                         17,000

Salaries and wages expense                                   32,000

Service revenue                                                     125,000

Supplies                                                                  4,000

Supplies expense                                                     6,000


Accounts payable


What is total liabilities and owner's equity at December 31, 2012? (Points : 1)

 

       $194,000
       $214,000
       $228,000
       $231,000

 

Question 24.24. The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals:

                  Income Statement            Balance Sheet     
                         Dr.            Cr.            Dr.            Cr.  
      Totals      $72,000     $48,000     $60,000     $84,000

The net income (or loss) for the period is (Points : 1)

       $48,000 income.
       $24,000 income.
       $24,000 loss.
       not determinable.

 

Question 25.25. The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2012:

Accounts payable                                              $  19,000

Accounts receivable                                               11,000

Accumulated depreciation – equipment                    28,000

Advertising expense                                               21,000

Cash                                                                    11,000

Owner’s capital (1/1/12)                                        105,000

Owner’s drawings                                                  14,000

Depreciation expense                                            12,000

Equipment                                                          190,000

Insurance expense                                                  3,000

Note payable, due 6/30/13                                      70,000

Patent                                                                  20,000

Prepaid insurance (12-month policy)                         6,000

Rent expense                                                        17,000

Salaries and wages expense                                  32,000

Service revenue                                                    125,000

Supplies                                                                 4,000

Supplies expense                                                    6,000



The sub-classifications for assets on the company's classified balance sheet would include all of the following except: (Points : 1)

       Current Assets.
       Property, Plant, and Equipment.
       Intangible Assets.
       Long-term Assets.

 

Accounting quick
7528
  1. Carry out a survey of literature and critic the definitions of strategic management accounting. 
  1. Discuss the advantages which may be claimed for balanced scorecard as a basis for performance measurement over traditional management accounting views of performance measurement. Your answer should include specific examples of quantitative measures for each aspect of balanced scorecard. 
  1. Briefly explain some of the new management approaches that have emerged as strategies in today’s competitive environment as firms tend to focus on customer satisfaction.

 

MANAGEMENT ACCOUNTING ASSIGNMENT
7525

This assignment is based on Build-A-Bear Workshop Inc.  You will need to obtain a copy of the most recent Build-A-Bear Workshop Inc. annual report (for fiscal year 2012).  The project will develop your research, analytical and communication skills.  You will also have the opportunity to develop your critical thinking ability by applying, integrating and extending the knowledge you have gained in class.   

Assignment

Analyze the implications for Build-A-Bear Workshop of a change in lease accounting consistent with current proposals by FASB and IASB.  You should write up your analysis in the form of a business memo (not just answers to the case questions).  Your memo should:

  • Incorporate the following and may include additional relevant information.
    1. What is an operating lease? What is a capital lease?
    2. Why do accountants distinguish between different types of leases?
    3. Calculate the present value of the minimum lease payments at December 29, 2012 (the final day of fiscal 2012). Assume the implicit rate of interest is 7%.  Use the future minimum lease payments disclosed in Note 11, Commitments and Contingencies. Assume that all lease payments are made on the final day of each fiscal year. Also assume that payments made subsequent to 2017 are made evenly over three years.
    4. If Build-A-Bear Workshop had entered into all of these leases on the last day of the year (December 29, 2012), what journal entry would the company have recorded if the leases were considered capital leases?
    5. What journal entry would the company record in fiscal 2013 for these leases if they were considered capital leases?
    6. What would the company have reported as “Property and equipment, net” at December 29, 2012? As Total assets?
    7. What would the company have reported as “Long-term obligations under capital leases” at December 29, 2012? As current liabilities? As Total liabilities?
    8. How would key financial ratios be affected? Consider the potential impact on the current ratio, debt-to-equity ratio, and long-term debt-to-equity ratio.
  • Explicitly state your conclusion – the likely implications of the change on Build-A-Bear.
  • Follow the format guidelines in the handout on writing business memos on the BbLearn.
  • Should be 2 pages plus table(s) or appendix with any supporting numbers/analysis. 

You may work on your own, with a partner or in a team of up to three students.  

Grading Considerations:

Grading will be based primarily on the effort shown for the case and will include the quality of your research, the effectiveness of your analysis, and the professional quality of your memo.

ACCT 322: Financial Reporting II
7524
  1. A machine was purchased for $37,000 and depreciated for five years on a straight-line basis under the assumption it would have a ten-year life and a $1,000 salvage value. At the beginning of the machine's sixth year it was recognized the machine had three years of remaining life instead of five and that at the end of the remaining three years its salvage value would be $1,600. What amount of depreciation should be recorded in each of the machine's remaining three years?  Please show all your calculations.  0 Points)

 

 

  1. On July 1 of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine's useful life to be four years or 60,000 units of output with an estimated salvage value of $60,000. During the current year, 15,000 units were produced. (15 Points)

    Prepare the necessary December 31 adjusting journal entry to record depreciation for the current year assuming the company uses:

    a. The straight-line method of depreciation
    b. The units-of-production method of depreciation
    c. The double-declining balance method of depreciation 
  2. A company purchased a special purpose machine on August 1 of the past year, and it was installed and ready to run on January 1 of this year. The following costs were incurred in the purchase and installation of the machine. (5 Points)

 

 

Invoice price........................................................................

$1,200,000

Freight costs.........................................................................

6,000

Installation costs..................................................................

64,000

Electrical and power connections .......................................

32,000

Repairs to correct damage incurred during uncrating..........

12,000

Costs to adjust machine to appropriate specifications..........

56,000

Spare parts for future use.....................................................

108,000

Sales tax...............................................................................

70,500

Fines incurred during transport of machine.........................

400

Cost of special foundation required for machine installation

28,500

 

Financial Accounting Principles
7523

Question 4(a) – 6 marks

  • What is the time period covered by ALS Ltd’s Profit and loss statement?     (1 mark)
  • Which other of ALS Ltd’s financial statements cover this same period?     (1 mark)
  • Why doesn’t ALS Ltd’s balance sheet cover this time period?     (1 mark)
  • What was the total amount of profit (after tax) earned by ALS Ltd and its subsidiaries in 2013?       (1 mark)
  • How much of this profit are the shareholders of ALS Ltd entitled to?     (1 mark)
  • Why are the shareholders of ALS Ltd not entitled to all profits?     (1 mark)

Question 6(b) – 3 marks

  • Refer to Note 17 ‘Other Assets’: What do ‘Prepayments’ represent?     (1 mark)
  • Explain why these items are recognised as assets.     (1 mark)
  • What are the three types of intangible assets recognised by ALS Ltd in 2012-13?     (1 mark)

Question 7(a) – 3 marks

  • What was the value of cash receipts from customers in 2013?     (1 mark)
  • Why does this amount differ from the total amount of revenue from sale of goods plus revenue from rendering of services?     (1 mark)
  • Observe that ALS Ltd has reported negative net cash flows from investing activities in 2013. Explain whether, in your opinion, this negative net cash flow represents a potential problem for ALS Ltd.     (1 mark)  

Please quote the page number that you found the answer. Thank You J

ALS Ltd’s Profit and loss statement
7521

Respond to the following ethical issue concerning the reclassification of receivables in your initial post: 

Moss Exports is having a bad year. Net income is only $60,000. Also, two important overseas customers are falling behind in their payments to Moss, and Moss's accounts receivable are ballooning.

The company desperately needs a loan. The Moss Exports board of directors is considering ways to put the best face on the company's financial statements. Moss's bank closely examines cash flow from operations. Daniel Peavey, Moss's controller, suggests reclassifying as long-term the receivables from the slow-paying clients. He explains to the board that removing the $80,000 rise in accounts receivable from current assets will increase net cash provided by operations. This approach may help Moss get the loan. 

1. Using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. Which reporting makes Moss look better? 

2. Under what condition would the reclassification of the receivables be ethical? Unethical? Support your response.

Reclassification of Receivables
7520

A swot analysis of the existing risk management plan (Plan attached)

Examples of techniques (complex documents) that has been developed to generate lists of risks.

Your various techniques must address the following types of risks:

• Financial

• OHS

• Insurance risks (include Insurance companies)

• Operating

• Environment

(You can do one page for the SWOT and the rest of the seven pages can be for the next task)

MLA

2000 words excluding reference

A swot analysis of the existing risk management plan (Plan attached)
7514

Write a  165 Word Paper in which you analyze the individual values and the organization’s values as reflected by the organization’s plans and actions. Include the following in your paper:

  • Analyze the degree of alignment between the organization’s stated values and the organization’s actual plans and actions. (3)

Format your paper consistent with APA guidelines.

THE ORGANIZATION IS STARBUCKS.
7513
Use the net present value methodology when creating a cost-benefit analysis to evaluate the following project:

The State of Massachusetts would like to replace a National Guard armory rapidly reaching the end of its service life. The Department of Military Affairs has been told that continued special maintenance would be $275,000 annually. Rehabilitation of facility would cost $4,000,000, and would extend the armory’s service life by 15 years.

  1. Calculate the discount factor for each year (use 4% discount rate @ 15 years)
  2. Calculate the annual present value cost of maintenance (15 years)
  3. Calculate the discounted benefit of rehabilitating the armory
  4. Given the discounted cost of rehabilitation, what is the cost- benefit ratio for the proposal?

Be sure to include information regarding the following items when completing your evaluation of the project:

  • the objectives of the project
  • the demand and consumer surplus of the project
  • a categorization of the project expenses
  • an estimation of potential delays
Cost Benefit Analysis
7512
  1. How does research design control for rival causal factors? 
  1. What is experimental design? 
  1. What effect does questionnaire wording have on response surveys, public opinion polls, and victim surveys?
. How does research design control for rival causal factors

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