...Exercise 1 Exercise 1 E3-4 Assets = Liabilities + Stockholders’ Equity . Retained Earnings Cash + A/R + Sup. + Equip. = Account Payables + Common Stock + Rev. – Exp. – Div. 1. +$20,000 +$20,000 Com. stock 2. -1,000 +$5,000 +$4,000 3. -750 +$750 4. +4,100 +$5,400 +$9,500 Serv. Rev. 5. -1,500 -1,500 6. -2,000 -$2,000 7. -800 -$800 Rent Exp. 8. +450 -450 9. -3,000 -3,000 Sal. Exp. 10. +300 -300 util. Exp. $15,500 + $4,950 + $750 + $5,000 = $2,800 + $20,000 + $9,500 - $4,100 - $2,000 $26,200 26,200 E3-9 Date Account Debit Credit May 4 Accounts Payable $700 Cash $700 7 Advisory services $6,800 $6,800 8 Supplies $850 Account Payables $850 9 Equipment $1,000 Cash $1,000 17 Wage Expense $530 Cash $530 22 Equipment Expense $900 Repairs...
Words: 499 - Pages: 2
...ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail.com ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 225 Week 1 Exercise Accounting and Business Organizations in order to ace their studies. ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail.com ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 225 Week 1 Exercise Accounting and Business Organizations in order to ace their studies. ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail...
Words: 481 - Pages: 2
...Solutions to Problems and Exercises Table of Contents Chapter 1 5 CA 1-4 5 CA 1-6 5 CA 1-8 6 CA 1-10 7 CA 1-12 8 CA 1-17 9 Chapter 2 10 CE2-2 10 CE2-3 10 EXERCISE 2-2 11 EXERCISE 2-3 12 EXERCISE 2-4 13 CA 2-4 13 Chapter 3 15 EXERCISE 3-6 15 EXERCISE 3-10 16 EXERCISE 3-13 19 EXERCISE 3-15 19 EXERCISE 3-20 20 Chapter 4 22 PROBLEM 4-1 22 PROBLEM 4-3 25 PROBLEM 4-5 27 PROBLEM 4-7 29 Chapter 5 31 PROBLEM 5-2 31 PROBLEM 5-4 34 Chapter 6 37 EXERCISE 6-3 37 EXERCISE 6-6 38 Chapter 7 39 PROBLEM 7-2 39 PROBLEM 7-4 41 PROBLEM 7-9 43 PROBLEM 7-11 46 EXERCISE 7-25 48 EXERCISE 7-26 50 Chapter 8 52 EXERCISE 8-23 52 EXERCISE 8-25 53 PROBLEM 8-5 55 PROBLEM 8-11 59 Chapter 9 62 PROBLEM 9-1 62 EXERCISE 9-7 64 EXERCISE 9-9 66 PROBLEM 9-4 67 PROBLEM 9-6 68 Chapter 17 70 EXERCISE 17-6 70 Chapter 18 71 PROBLEM 18-1 71 PROBLEM 18-4 74 PROBLEM 18-6 76 PROBLEM 18-7 79 PROBLEM 18-8 81 EXERCISE 18-20 82 EXERCISE 18-21 82 Chapter 22 84 EXERCISE 22-2 84 EXERCISE 22-8 84 EXERCISE 22-11 84 Chapter 23 86 EXERCISE 23-11 86 EXERCISE 23-13 88 EXERCISE 23-15 90 Chapter 1 CA 1-4 It is not appropriate to abandon mandatory accounting rules and allow each company to voluntarily disclose the type of information it considered important. Without a coherent body of accounting theory and standards, each accountant or enterprise would have to develop its own theory structure and set of practices, and readers of financial...
Words: 10286 - Pages: 42
...Exercise 3-20 The only method to ascertain the answers to these ratio questions, other than guessing is to calculate the effect on the ratio. I have set up the following values that will be used to calculate the ratios: Trial Balance Cash 2000 Accounts receivable 2000 Investments 2500 Prepaids 3000 Inventories 4000 Equipment 2500 Current liabilities 2000 Total liabilities 10000 Total shareholders equity 20000 Below, I place the ratio formula in each cell. Note that I place a $ before the column letter and a $ before the row number. This is so the formula will not change when I copy the formula down to the other actions. I review the action and ascertain what accounts would be affected by the action, and then I the change the amounts above in the trial balance to ascertain the effect of the "action" on the ratio For example: Issuance of long term bonds will increase cash and increase long term liabilities. I will change cash from 1000 to 2000 and total liabilities from 9000 to 10,000 When you change cash and total liabilities, the current ratio changes from 6.25 to 6.75 it increased The Acid test ratio changed from 2.75 to 3.25, it increased. The Debt to Equity ratio changed from .45 to to .5, it increased. Action Current Ratio I/D/No...
Words: 343 - Pages: 2
...BRIEF EXERCISES Table of Contents Chapter 3 7 BRIEF EXERCISE 3-1 7 BRIEF EXERCISE 3-2 7 BRIEF EXERCISE 3-3 8 BRIEF EXERCISE 3-4 8 BRIEF EXERCISE 3-5 9 BRIEF EXERCISE 3-6 9 BRIEF EXERCISE 3-7 9 BRIEF EXERCISE 3-8 10 BRIEF EXERCISE 3-9 10 BRIEF EXERCISE 3-10 10 BRIEF EXERCISE 3-11 11 BRIEF EXERCISE 3-12 11 BRIEF EXERCISE 3-13 12 Chapter 4 13 BRIEF EXERCISE 4-1 13 BRIEF EXERCISE 4-2 14 BRIEF EXERCISE 4-3 15 BRIEF EXERCISE 4-4 16 BRIEF EXERCISE 4-5 16 BRIEF EXERCISE 4-6 17 BRIEF EXERCISE 4-7 17 BRIEF EXERCISE 4-8 17 BRIEF EXERCISE 4-9 17 BRIEF EXERCISE 4-10 18 BRIEF EXERCISE 4-11 18 Chapter 5 20 BRIEF EXERCISE 5-1 20 BRIEF EXERCISE 5-2 20 BRIEF EXERCISE 5-3 20 BRIEF EXERCISE 5-4 21 BRIEF EXERCISE 5-5 21 BRIEF EXERCISE 5-6 21 BRIEF EXERCISE 5-7 22 BRIEF EXERCISE 5-8 22 BRIEF EXERCISE 5-9 22 BRIEF EXERCISE 5-10 23 BRIEF EXERCISE 5-11 23 BRIEF EXERCISE 5-12 23 BRIEF EXERCISE 5-13 24 BRIEF EXERCISE 5-14 25 BRIEF EXERCISE 5-15 25 BRIEF EXERCISE 5-16 25 Chapter 6 26 BRIEF EXERCISE 6-1 26 BRIEF EXERCISE 6-2 27 BRIEF EXERCISE 6-3 28 BRIEF EXERCISE 6-4 28 BRIEF EXERCISE 6-5 29 BRIEF EXERCISE 6-6 30 BRIEF EXERCISE 6-7 30 BRIEF EXERCISE 6-8 31 BRIEF EXERCISE 6-9 31 BRIEF EXERCISE 6-10 32 BRIEF EXERCISE 6-12 33 BRIEF EXERCISE 6-13 34 BRIEF EXERCISE 6-14 34 BRIEF EXERCISE 6-15 35 BRIEF EXERCISE 6-16 35 BRIEF EXERCISE 6-17 36 Chapter 7 37 BRIEF EXERCISE 7-1 37 BRIEF EXERCISE 7-2 37 BRIEF EXERCISE 7-3 37 BRIEF EXERCISE 7-4 38 ...
Words: 5991 - Pages: 24
...E2-7 A. 6 Matching B. 5 Historical Cost C. 7 Full Disclosure D. 2 Going Concern E. 11 Conservatism F. 1 Economic Entity G. 4 Periodicity H. 10 Industry I. 9 Materiality J. 3 Monetary Unit E2-8 A. (Principle) Historical Cost B. ? C. (Principle) Full Disclosure D. (Principle) Matching E. Materiality F. Industry G. (Assumption) Economic Entity H. (Principle) Full Disclosure I. (Principle) Revenue Recognition J. (Principle) Full Disclosure K. (Principle) Matching L. (Assumption) Economic Entity M. (Assumption) Periodicity N. (Principle) Matching O. Materiality P. (Principle) Historical Q. Conservatism R. (Principle) Matching E3-1 Apr. 2 Cash 32,000 Equipment 14,000 Beverly Crusher, Capital 46,000 2 Secretary has not been paid yet, would reflect at a later date.(Apr.30) Apr. 3 Supplies 700 Accounts Payable 700 Apr. 7 Rent Expense 600 Cash 600 Apr. 11 Accounts Receivable 1,100 Service Revenue 1,100 Apr. 12 Cash 3,200 Consultation (non-service) 3,200 Apr. 17 Cash 2,300 Service Revenue 2,300 Apr. 21 Insurance Expense 110 Cash 110 Apr. 30 Salaries Expense 1,160 Cash 1,160 30 Supplies Expense 120 Supplies 120 30 Equipment 6,100 ------------------------------------------------- Beverly Crusher, Capital 6...
Words: 519 - Pages: 3
...Respond to the following: 1. Why is the knowledge of accounting concepts and terminology useful to anyone in a business activity? 2. Is there a difference between bookkeeping and accounting? Discuss. 3. Accounting reports past performance. How can this be useful when planning future operations? EXERCISE 1-6A a. Cash + Land = Creditors + Stockholders’ Equity $4,000.00 $9,000.00 $13,000.00 $6,000.00 $6,000.00 $9,000.00 $15,000.00 NA Bal. $10,000.00 $18,000.00 $28,000.00 NA b. c. d. Indeed, the accounting equation could be written as: Cash + Land = Creditors + Stockholders’ Equity Bal. $4,000.00 $9,000.00 $13,000.00 $6,000.00 EXERCISE 1-9A a. Assets = Liabilities + Stockholders’ Equity Cash = Note Payable + Common Stock + Retained Earnings 156,000 = 85,600 + 52,400 + ? Retained Earnings = $18,000.00 b. & c. Post Company Effect of 2014 Transactions on the Accounting Equation Assets = Liabilities + Stockholders’ Equity Notes Common Retained Event Cash = Payable + Stock + Earnings Beginning Balances 1. Earned Revenue 2. Paid expenses 3. Paid dividend Ending Balance d. Cash = Note Payable + Common Stock + Retained Earnings Liabilities + Stockholders’ Equity = e. Beginning/Ending Cash Balance= $156,000/$169,000 Beginning/Ending Common Stock=$52,400/$52,400 The balances of cash...
Words: 359 - Pages: 2
...1. Situation Bally Total Fitness is a public firm in the U.S. health club industry. Since 1962, the company had developed into a large and nationwide commercial operator of fitness centers in the Unite States. But with the increasingly fierce market competition and the internal management problems such as poor accounting standards, the stock price of the company collapsed. Some shareholders had lost faith in the company. A major shareholder of the company was urging the CEO to sell the company. So the company faced two alternatives, one alternative was to sell the company to meet the demand of shareholders; the other alternative was to strengthen its internal control system to remedy the management fault. In this way to restore the stock price, restore the confidence of shareholders, and enable the company to keep a major player in the health club industry. Exercise gyms had a long history in the Unite States which can be dating back to 150 years ago. By 2004, the revenue of the U.S. health club was about $14.2 billion. There were more than 26,000 health clubs in the U.S. and over 13% of the U.S. populations for about 41 million were the members of these club. About 60 million people used health club in 2002 in the U.S. If coupled with non-members. One key driving point of health club phenomenon was the growing awareness about health and well-being, and concern about obesity and its effects among Americans. In 2004, two-thirds of adult populations were recognized as being...
Words: 2361 - Pages: 10
...Evaluate the importance of regular exercise in maintaining a healthy body and mind; to what extent should the state play a role in ensuring that its citizens exercise regularly? Refer to at least two countries in your answer. Abstract Recent years have witnessed a dramatic increase in physical activity and fitness around the world. This essay will focus on the benefits of exercise for both physical and mental health. It is obvious that exercise helps people prevent a variety of diseases such as diabetes, cardiovascular, depression and Parkinson’s. This also raises an argument on whether government should play an important role in promoting physical activity. This essay will clarify that it is reasonable for the state to take responsibilities in order to make sure that social health would be improved in the following years. 1/ Introduction A healthy lifestyle and longer lives are always the target that everyone wants to achieve, specifically; it is obvious that one of the most effective ways to do this is through exercise. Exercise generally means physical activity that makes your body strong and healthy. In addition, exercise also benefits mental health, especially in stressful work conditions which can affect individuals who lead busy lives. Therefore, in my opinion, it will be reasonable for the government (the state) to be responsible for ensuring regular exercise of all citizens. This essay consists of three main parts which will discuss the reasons why physical...
Words: 2279 - Pages: 10
...The question that is often presented, what is the best approach for setting up employees for consistent successful performance? By enabling workers to make strong and steady contributions, it guarantees companies a chance to become more profitable. Much research shows a high correlation between one variable and the prosperity companies’ covet significantly more than other factors. That catalytic variable is optimal living. Optimal living is established by successfully embracing a healthy balance in all aspects of one’s life and implementing lifestyle adaptations to ensure this elevated level of wellness moving forward. Healthy living habits include: adequate rest, censoring stress, preserving quality social relationships, regular exercise, and quality nutrition. These behaviors synergistically working together will improve employees’ quality of life, as well as the quality of their work. The following are proven strategies from peer-reviewed resources that will enable employees to improve their quality of life, which in turn will lead companies into a more productive future. Optimal Living is generally an afterthought of employees, one that follows a promotion or other work advancement when time becomes available to be devoted to developing a healthy way of life plan. Recent findings are reordering these actions and provide...
Words: 2501 - Pages: 11
...MANAGERIAL ACCOUNTING CHAPTER 8 1. Is Granger Stokes using budges as a planning and control tool? Granger Stokes is behaving like an activist shareholder more concerned with short term gain than a management executive whose primary goal should be positioning the firm for a better competitive outlook over the long term. He is not using the company budgets as a planning and control tool, but is instead using them to boost sales at literally any costs. More specifically, he is impairing the budgetary control effect and essentially unleashing his managers to take aggressive action in pursuit of sales targets. 2. What are the behavioral consequences of the way budgets are being used at PrimeDrive? The behavioral consequences are that managers will take shortcuts to achieve their short term sales targets. So much so that quality control measures are circumvented, and well established business procedures are ignored. The fact that defective drives are knowingly shipped to new customers is a huge red flag. The warranty costs alone will hit the firm when it least expects it because it is highly likely that no reserve provisions are being made since this issue is being swept under the rug, so to speak. When it becomes time to file company financial reports for the period, the figures will be inaccurate and misleading because any financial losses related to the defective drives are not being reported properly. 3. What, if anything, do you think Keri Kalani should do? ...
Words: 379 - Pages: 2
...Instructions for the Personal Trainer Business Plan Generator Step 1: After unzipping the files, you must place them in the “C:\Program Files\Business Plan” folder. You will need to create this folder. The document links will not work if the files are not in this folder. Step 2: Double click on icon below and answer the questions in column B. [pic] Step 3: Once you have answered all questions, close and reopen this document to update the links (select Yes when prompted to update). You can also update the links manually by following this procedure: |Microsoft Word 2003 |Microsoft Word 2007 | |1. click Edit and select all |1. Open the Ribbon Bar, Choose Prepare, and then Edit Links to | |2. click Edit, Update Link or F9 |Files | | |2. Select All the links and then click the Update All button | | |3. Close the Edit Links window | Note: You can always repeat the above process, if you want to change any of the figures. You can replace references to “Americans” with your local nationality. Business Plan Take It To The Limits Fitness Personal Training ...
Words: 4245 - Pages: 17
...1987 only 31% become 41 % in 2001 (Exhibit 2). More people in younger age has increase as member in health club 12.3% in 2001 compare to 1997, and people in age 45-54 also increace 11.5% as well as age 55+ increase 13.1%. Most club equipped facilities with aerobic and weight machines. Some health club provide swimming pool. Total capital required for 40.000 – 50.000 square-foot health club was roughly $1.5 million, with $500.000 in equipment alone. Smaller health club can be built with cost $144.000 to buy equipment for 10.000 square-foot. Health club format in United States : * Owner-operated clubs : Operated by their owners. Has many location as chain health club. Centralize procurement, program design, marketing, finance, accounting and collections. * Franchised clubs : Succesfull health club concept franchised to multiple investors who paid a fee to franchisor. Franchisees received professional advice and advertising support and enjoyed the purchasing power of a large chain. * Design and...
Words: 1045 - Pages: 5
...The Association Between School-Based Physical Activity, Including Physical Education, and Academic Performance U.S. Department of Health and Human Services Centers for Disease Control and Prevention National Center for Chronic Disease Prevention and Health Promotion Division of Adolescent and School Health www.cdc.gov/HealthyYouth Revised Version — July 2010 (Replaces April 2010 Early Release) Acknowledgments: This publication was developed for the Centers for Disease Control and Prevention’s (CDC) Division of Adolescent and School Health (DASH) under contract #200-2002-00800 with ETR Associates. Suggested Citation: Centers for Disease Control and Prevention. The association between school-based physical activity, including physical education, and academic performance. Atlanta, GA: U.S. Department of Health and Human Services; 2010. TABLE OF CONTENTS Executive Summary . 5 Introduction . 8 Methods 10 Conceptual Definitions . 10 Inclusion Criteria . 10 Identification of Studies that Met the Inclusion Criteria . 11 Classification of Studies . 11 Study Coding Process . 12 Data Analysis . 13 Results . 14 School-Based Physical Education Studies . 16 Recess Studies . 19 Classroom Physical Activity Studies . 21 Extracurricular Physical Activity Studies . 24 28 Summary . Overall Findings . 28 Findings for Physical...
Words: 32584 - Pages: 131
...through physical and mental exercise and deep relaxation. Although known to be at least 5,000 years old, yoga is not a religion and fits well with any individual's religious or spiritual practice. Anyone of any age, religion or life condition can practice yoga and derive its benefits. Yoga is the practice of putting the body into different postures while maintaining controlled breathing. It is considered to be a discipline that challenges and calms the body, the mind, and the spirit. By focusing on the breath entering and leaving your body, you are performing an exercise in concentration. After learning the history and practicing the throughout this fall semester, I have a new found respect and outlook for yoga. I would like to share with you an experience my family and I had to endure and probably how I was lead to signing up for this class. I come from a very close-knit family and, as such, all my life, so far, my cousin has always been more like a sister to me. We had children at the same time and always remained close. Last fall her son, Mikey was diagnosed with cancer. I can't even begin to describe the overwhelming devastation and complete sadness this brought to our family. My cousin was on an emotional roller coaster, and I can remember asking her how she stays so strong and how she got through all the treatments and still kept it together---- her response was "yoga"....I was somewhat skeptical--- thinking to myself that an exercise, i.e., yoga, would aid in the...
Words: 806 - Pages: 4
