ACC 290 Week 5 WileyPLUS Assignment

ACC 290 Week 5 WileyPLUS Assignment

Brief Exercise BE5–1 

Presented here are the components in Korinek Company’s income statement. Determine the missing amounts.

Brief Exercise BE5–2

Prior Company buys merchandise on account from Wood Company. The selling price of the goods is $900 and the cost of goods is $630. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies.

Brief Exercise BE6-5

In its first month of operation, Maze Company purchased 100 units of inventory for $6, then 200 units for $7, and finally 150 units for $8. At the end of the month, 180 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. The company uses the periodic method

ACC 290 Week 4 WileyPLUS Assignment

Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed

Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)

July 1 Issued 13,514 shares of common stock for $13,514 cash.
July 1 Purchased used truck for $11,514, paying $2,123 cash and the balance on account.
July 3 Purchased cleaning supplies for $940 on account.
July 5 Paid $1,858 cash on 1-year insurance policy effective July 1.
July 12 Billed customers $3,258 for cleaning services.
July 18 Paid $1,159 cash on amount owed on truck and $509 on amount owed on cleaning supplies.
July 20 Paid $2,012 cash for employee salaries.
July 21 Collected $1,587 cash from customers billed on July 12.
July 25 Billed customers $2,524 for cleaning services.
July 31 Paid $372 for gas and oil used in the truck during month.
July 31 Declared and paid a $637 cash dividend

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ACC 290 Week 3 WileyPLUS Assignment

ACC 290 Week 3 WileyPLUS Assignment

Brief Exercise BE4-1

Transactions that affect earnings do not necessarily affect cash

Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount has a decreasing effect use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Do not use a dollar sign $ for negative answers.)

Problem P4-2A

Nick Waege started his own consulting firm, Waegelein Consulting, on June 1, 2010. The trial balance at June 30 is as follows

Problem P4-3A

The Olathe Hotel opened for business on May 1, 2010.  Here is its trial balance before adjustment on May 31

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ACC 290 Week 2 WileyPLUS Assignment Week Two

ACC 290 Week 2 WileyPLUS Assignment Week Two

E3-4

A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders’ equity is explained……..

E3-9

This information relates to Pickert Real Estate Agency.

Oct. 1 Stockholders invested $30,000 in exchange for common stock of the corporation

Oct. 2 Hires an administrative assistant at an annual salary of $42,000

Oct. 3 Buys office furniture for $4,600, on account

Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time)

Oct. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment

Oct. 27 Pays $700 on account for the office furniture purchased on October 3

Oct. 30 Pays the administrative assistant $3,500 in salary for October

Post the transactions to T-accounts and complete the following trial balance. (If answer is zero, please enter 0, do not leave any fields blank.)

ACC 423 Week 5 WileyPlus Assignment – Exercises

ACC 423 Week 5 WileyPlus Assignment – Exercises in US$ 7 (Instant Download)ACC 423 Week 5 WileyPlus Assignment - Exercises

P13-9 (Premium Entries and Financial Statement Presentation) Sycamore Candy Company offers
a CD single as a premium for every five candy bar wrappers presented by customers together with $2.50. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each CD to the company is $2.25; in addition it costs 50 cents to mail each CD. The results of the premium plan for the years 2010 and 2011 are as follows. (All purchases and sales are for cash.)
 CDs purchased                                                                            2010                      2011
CDs purchased                                                                          250,000                 330,000
Candy bars sold                                                                     2,895,400               2,743,600
Wrappers redeemed                                                              1,200,000              1,500,000
2010 wrappers expected to be redeemed in 2011               290,000
2011 wrappers expected to be redeemed in 2012                350,000

Instructions
(a) Prepare the journal entries that should be made in 2010 and 2011 to record the transactions related to the premium plan of the Sycamore Candy Company.
(b) Indicate the account names, amounts, and classifications of the items related to the premium plan that would appear on the balance sheet and the income statement at the end of 2010 and 2011.

ACC 423 Week 4 WileyPlus Assignment – Exercises

gallery-thumbnails (1)E19-6 (Identify Temporary or Permanent Differences)
Listed below are items that are commonly accounted for differently for financial reporting purposes than they are for tax purposes.

For each item below, indicate whether it involves:
(1) A temporary difference that will result in future deductible amounts and, therefore, will usually give rise to a deferred income tax asset.
(2) A temporary difference that will result in future taxable amounts and, therefore, will usually give rise to a deferred income tax liability.
(3) A permanent difference.
Use the appropriate number to indicate your answer for each.
(a) 2 The MACRS depreciation system is used for tax purposes, and the straight-line depreciation method is used for financial reporting purposes for some plant assets.

ACC 423 Week 2 WileyPlus Assignment-Exercises

ACC 423 Week 2 WileyPlus Assignment-Exercises in $7 only

E15-13 (a,b) (Stock Split and Stock Dividend)
The common stock of Warner Inc. is currently selling at $110 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Five million shares are issued and outstanding.

(a) How much is the debit to retained earnings if the board votes a 2-for-1 stock split?
(b) Prepare the necessary journal entries if the board votes a 100% stock dividend.

P15-1 (Equity Transactions and Statement Preparation) 
On January 5, 2010, Phelps Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock. It then completed these transactions.
Jan. 11 Issued 20,000 shares of common stock at $16 per share.
Feb. 1 Issued to Sanchez Corp. 4,000 shares of preferred stock for the following assets: machinery with a fair market value of $50,000; a factory building with a fair market value of $160,000; and land with an appraised value of $270,000.
July 29 Purchased 1,800 shares of common stock at $17 per share. (Use cost method.)
Aug. 10 Sold the 1,800 treasury shares at $14 per share.
Dec. 31 Declared a $0.25 per share cash dividend on the common stock and declared the preferred dividend.
Dec. 31 Closed the Income Summary account. There was a $175,700 net income.

ACC 422 Week 5 WileyPlus Assignment – Exercises

ACC 422 Week 5 WileyPlus Assignment – Exercises (Instant Download)

E13-13 (Contingencies) Presented below are three independent situations. Answer the question at the end of each situation. 

1. During 2010, Maverick Inc. became involved in a tax dispute with the IRS. Maverick’s attorneys have indicated that they believe it is probable that Maverick will lose this dispute. They also believe that Maverick will have to pay the IRS between $800,000 and $1,400,000. After the 2010 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2010?

2. On October 1, 2010, Holmgren Chemical was identified as a potentially responsible party by the Environmental Protection Agency. Holmgren’s management along with its counsel have concluded that it is probable that Holmgren will be responsible for damages, and a reasonable estimate of these damages is $6,000,000. Holmgren’s insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2010?

3. Shinobi Inc. had a manufacturing plant in Darfur, which was destroyed in the civil war. It is not certain who will compensate Shinobi for this destruction, but Shinobi has been assured by governmental officials that it will receive a definite amount for this plant. The amount of the  compensation will be less than the fair value of the plant, but more than its book value. How should the contingency be reported in the financial statements of Shinobi Inc.?

P13-9 (Premium Entries and Financial Statement Presentation) Sycamore Candy Company offers a CD single as a premium for every five candy bar wrappers presented by customers together with $2.50. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each CD to the company is $2.25; in addition it costs 50 cents to mail each CD. The results of the premium plan for the years 2010 and 2011 are as follows. (All purchases and sales are for cash.)
2010           2011
CDs purchased                     250,000         330,000
Candy bars sold                  2,895,400      2,743,600
Wrappers redeemed         1,200,000         1,500,000
2010 wrappers expected to be redeemed in 2011 290,000
2011 wrappers expected to be redeemed in 2012 350,000

CMGT 410 Week 5 Learning Team Project Evaluation and Control

CMGT 410 Week 5 Learning Team Project Evaluation and Control

Revise and submit all sections of your Learning Team project along with the Week Five section below.

It is essential for establishing confidence that a project will be executed effectively and with minimal waste. A plan for performance measurement requires identifying which critical element should be measured, how they are measured, and when they are measured to communicate if the project is on track.

At a minimum the section will contain the following:

Measurable objectives identified as milestones on the Gantt chart

Risk mitigation strategy for analyzing and reporting unplanned changes as well what procedures you plan to implement for handling change control issues

Description of project reporting regarding the on-going evaluation and status of project efforts to stakeholder and participants on the project team

Method for determining whether the project has met its objectives and how the project is terminated

Write 3 to 4 pages on your findings.

Prepare a 10- to 12-slide Microsoft® PowerPoint® presentation of the entire Learning Team Project, as completed in Weeks Two, Three, Four, and Five.

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CMGT 410 Week 5 Individual Assignment Project Postmortem

CMGT 410 Week 5 Individual Assignment Project Postmortem

Project Postmortem

Now that the company offsite 2-day training session project is over, conduct a postmortem review.

Submit a 1- to 2-page memo that does the following:

Details the benefits and drawbacks of a postmortem review

Lists who should partake in this meeting,

Indicates what you hope to discover at the conclusion

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CMGT 410 Week 4 Individual Assignment Project Controls

CMGT 410 Week 4 Individual Assignment Project Controls

The company offsite 2-day training session project is about ready to enter the execution phase. However, management has a history of being surprised with projects that finished over-budget, did not adhere to the timeline, evinced waste of resources, or did not meet expectations.

Address your strategy for the following in a 2- to 3-page memo to gain their confidence in your project management abilities:

Analyze and report unplanned changes

Evaluate project quality

Procedures you plan to implement for handling change control issues

How you plan to communicate whether the project is meeting any stated performance and quality objectives.

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CMGT 410 Week 3 Individual Assignment Project Budget

CMGT 410 Week 3 Individual Assignment Project Budget

The project for the company offsite 2-day training session has been given a preliminary go-ahead. However a budget needs to be submitted for approval.

Write a 2- to 3-page memo explaining the financial implications of your project that does the following:

Adds costs estimates to your resources (both labor and material) – Refer to websites like the United States Department of Labor for estimates.

Adds estimates for all task duration and sequencing of tasks (including precedence relations)

Summarizes any relevant facts about the project duration, number or type of resources, critical task sequencing, and how duration estimates were arrived at

Highlights if there are any milestones for your project.

Include a Microsoft® Project Gantt chart, as an attachment, showing the WBS of tasks (with dependencies) and task sequences, along with any budget or cost reports to support your memo.

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CMGT 410 Week 2 Individual Assignment Project Task-List

CMGT 410 Week 2 Individual Assignment Project Task-List

You have been tasked with the project of organizing a company offsite 2-day training session in which people are brought in from different parts of the country. This entails everything from preparation, accommodations, and facilities.

Submit a 2- to 3-page executive memo summarizing the project’s objective, any scoping boundaries used to define the project, and relevant facts about the tasks or resources.

Identify all related tasks and resources needed to complete this project.

Highlight or specify any measurable deliverables relating to your project.

Attach a task list with assigned resources from a Microsoft® Project file that supports what you have outlined in your memo.

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CMGT 410 Week 1 Individual Assignment Project Proposal

CMGT 410 Week 1 Individual Assignment Project Proposal (Instant Download)

Consider the following scenario:

You have been hired by a large company with branch offices around the country to assist with rollout of a new companywide compliance system.

While initially the focus was on implementation of the technology, it was found that success will require at least 10 hours of training for all managers across the country on both the use of the new platform as well as a host of new compliance policies being introduced.

Of the options discussed, it was generally agreed than the training should be hands-on and conducted in person at a central location. This will obviously require getting organizational buy in as not all managers are going to be willing to commit to taking time out from their normal responsibilities just for some training.

In addition, such large scale centralized training has not been done before by this company; therefore, the CEO wants feedback from participants to evaluate the effectiveness of any training sessions.

As a result, your manager has given you the responsibility to develop an outline for a proposed project that would meet this upcoming need.

Submit a 2- to 3-page memo that does the following:

Names the project

Briefly describes the project

Identifies potential stakeholders directly or indirectly involved

Specifies the overall objective and any outcomes for this project

Details how success will be evaluated

Highlights what is needed to ascertain the measurable organizational value (MOV) of this project.

You will need to make some assumptions (it is even encouraged) but the assumptions must be documented.

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CMGT 410 Week 4 Learning Team Project Costing

The allocation and cost of resources need to be carefully monitored if a project is to be delivered on-time and on-budget. At a minimum this section will contain the following:

Allocation of resources to project tasks (both labor and material) •Cost estimates for project resources

Gantt diagram showing duration estimates for all tasks and their sequencing (including precedence relations) and highlighting any critical path(s) arising from task dependencies ultimately determining the minimal duration of a project

In addition summarize any relevant facts about the project duration, number or type of resources, critical task sequencing, or how duration estimates were arrived at, and any financial implications (for example, budget or cost reports of the project as well)

Develop a baseline for your project plan so that all future variances are captured. Write 3 to 4 pages on your findings

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WEB 434 Entire Course

WEB 434 Entire Course New updated course

WEB 434 Entire Course

WEB/434 Entire Class

WEB/434 Full Course

WEB/434 Entire Course

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FIN 467 Entire course

FIN 467 Entire course (Real Estate Investment)

FIN/467 Entire course

FIN 467 Entire Class

FIN 467 Full Course

FIN/467 Full Course

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PHL 323 Full course

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PHL/323 Full course

PHL 323 Entire course

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PHL 323 Entire Class

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