...Assignment from the Readings Week 4 14-9 Accounts receivable changes with bad debts A firm is evaluating an accounts receivable change that would increase bad debts from 2% to 4% of sales. Sales are currently 50,000 units, the selling price is $20 per unit, and the variable cost per unit is $15. As a result of the proposed change, sales are forecast to increase to 60,000 units. a. What are bad debts in dollars currently and under the proposed change? b. Calculate the cost of the marginal bad debts to the firm. c. Ignoring the additional profit contribution from increased sales, if the proposed change saves $3,500 and causes no change in the average investment in accounts receivable, would you recommend it? Explain. d. Considering all changes in costs and benefits, would you recommend the proposed change? Explain. e. Compare and discuss your answers in parts c and d. a. Bad debts in dollar currently de 50,000*$20.00*2%=1,000,000.00*2%=$20,000 Proposed debts to equal to 60,000*$20.00*4%=$1, 200,000*4%=$48,000 b. $48,000-$20,000=$28,000 c. No, a change would not be suitable because $28,000 in bad debt’s increscent saves $3,500 and for that, is no need for propose change. d. Taking in consideration changes in costs and benefits, I would recommend it because its net earnings can be observed. e. In part C the benefits of the increased sales, was not considered, therefore is why the proposed change was rejected. In part D, when the incremental benefits are taken into...
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...Individual Paper - Assignments from the readings In this short essay I will try to explain Limited Liability Corporation and partnerships. I will also try to put in perspective if I were to establish my own business what would I choose and why would I choose one over the other. In order to explain this we must first know what is Limited Liability Corporation and liability partnership. According to smallbusiness.chron.com a liability corporation or company is LLC owners, called "members," can manage their businesses or hire professional managers. In addition, LLCs enjoy a lot of flexibility. For instance, they can have as many members as they like, and corporations are allowed to be members. LLCs enjoy freedom from the state-mandated membership and management reporting requirements that corporations have. Most important, LLCs do not have to pay taxes. Instead, their profits and losses are passed through to their members' individual tax returns in the same way as a partnership. As a result, members enjoy the advantages of avoiding the "double taxation" of corporations as well as receiving tax relief from the poor performance of their LLCs. Also according to smallbusiness.chron.com a liability partnership is LLPs have the same tax advantages of LLCs. They cannot, however, have corporations as owners. Perhaps the most significant difference between LLCs and LLPs is that LLPs must have at least one managing partner who bears liability for the partnership's actions. With an...
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...Resources: Financial Accounting: Tools for Business Decision Making Ch. 8: Questions 3 & 4 3. What are the essential features of the allowance method of accounting for bad debts? The essential features of the allowance method of accounting for bad debts are: 1. Estimating uncollectible accounts receivable and match in them against revenues in the same accounting period in which the revenues are recorded. 2. Recording estimated uncollectibles as an increase to bad debits expense and an increase is to allowance for doubtful accounts through an adjusting entry at the end of each period. 3. Debiting actual uncollectibles to allowance for doubtful accounts and credit them to accounts receivable at the time the specific account is written off as uncollectible. 4. Lauren Anderson cannot understand why the cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Lauren. The cash realizable value does not decrease when an uncollectible account is written off under the allowance method because the cash realizable value is estimated uncollectibles are accounted for in an adjusting entry. And, the write-offs reduce the accounts receivable and allowance for doubtful accounts by an equal amount. Ch. 8: Exercise E8-5 (a) Determine the total estimated uncollectibles. |Age of | |Amoun| |Estimated | |Accounts...
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...Final Exam Timeline The project that the G& E Company is considering undertaking is the construction of the new Pilot Stadium. The company has been given a window from June 1, 2003 until April 1, 2006 to complete the project. For every day that the project runs over schedule the company will be assessed a $50,000 penalty. Project manager must determine through critical path analysis if the project can be completed on time given the amount of individual projects and projected duration times. In calculating the available work time the following variables must be considered. The workers will only work Monday through Friday and observe the following holidays, January 1, Memorial Day (last Monday in May), July 4th, Labor Day (first Monday in September), Thanksgiving Day (4th Thursday in November), December 25 and 26. In addition if the holiday falls on a Saturday then previous Friday will be given off, and if the holiday falls on a Sunday then the following Monday will be given off. Illustration 1 is the breakdown of the years minus holidays, and weekends for calculating available amount of days to compete the project. The calculated amount of available work days for the project is 719. Year | Days | Weekends | Holidays | Total | June 1 2003- May 31 2004 | 366 | 104 | 7 | 255 | June 1 2004-May 31 2005 | 365 | 104 | 8 | 253 | June 1 2005-April 1 2006 | 304 | 86 | 7 | 211 | | 1035 | 294 | 22 | Total: 719 | Illustration 1. Breakdown of available workdays for Pilot...
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...FIN 419 Week 4 Individual Assignment – Assignments from the Readings Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/fin-419-week-4-individual-assignment-assignments-readings/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Week 4 – Assignments from the Readings Chapter 14: Problem 14.9 Evaluate the proposed relaxation, and make a recommendation to the firm. (Note: Assume a 365-day year.) To determine whether to relax its credit standards, Lewis Enterprises must calculate its effect on the firm’s additional profit contribution from sales, the cost of the marginal investment in accounts receivable, and the cost of marginal bad debts. Additional Profit Contribution from Sales Sales are expected to increase by 10%, or 1,000 units. The profit contribution per unit will equal the difference between the sale price per unit ($40) and the variable cost per unit ($31). The profit contribution per unit therefore will be $9. The total additional profit contribution from sales will be $9,000 (1,000 units x $9 per unit). Cost of the Marginal Investment in Accounts Receivable FIN 419 Week 4 Individual Assignment – Assignments from the Readings Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/fin-419-week-4-individual-assignment-assignments-readings/ ...
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...FIN 320 Week 2 Individual Assignment Assignments from the Readings Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/fin-320-week-2-individual-assignment-assignments-readings/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Problem P2-12 Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $4,000,000 loan, to assess the firm’s financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creek’s recent financial statements (on the facing page), evaluate and recommend appropriate action on the loan request. Ratio Definition Calculation Creek Industry Debt 0.73 0.51 Times Interest Earned 3.00 7.30 Fixed Payment Coverage + {[(Principal + Preferred Stock Dividends)] ´ [1¸ (1 – t)]} + {[($800,000 + $100,000)] ´ [1¸ (1 – 0.4)]} 1.19 1.85 Because Creek Enterprises has a much higher degree of indebtedness and much lower ability to service debt than the average firm in the industry, the loan should be rejected Problem P2-13 Common-size statement analysis a common-size income statement for Creek Enterprises’ 2005 operations follows. Using the firm’s 2006 income statement presented in Problem 2–12, develop the 2006...
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...Individual Assignment FASB Codification System Orientation Paper ACC 497 Week 2 DQS AND SUMMARY ACC 497 Week 2 Individual Assignment Financial Statements Paper Part I ACC 497 Week 2 LT Assignment Case Study Assignment ACC 497 Week 3 DQs AND SUMMARY ACC 497 Week 3 Individual Assignment Financial Statements Paper Part II ACC 497 Week 3 Individual Assignments From the Readings ACC 497 Week 3 LT Assignment Case Study Assignment ACC 497 Week 3 LT Assignment From the Reading ACC 497 Week 4 DQs and Summary ACC 497 Week 4 Individual Assignments From the Readings ACC 497 Week 4 Learning Team Assignments from the Readings ACC 497 Week 5 Individual Assignments From the Readings ACC 497 Week 5 Learning Team Case Study Assignment ACC 497 Week 5 Learning Team Case Study Presentation ACC 497 Week 5 Summary ACC 497 ENTIRE COURSE ACC 497 Week 1 DQs AND SUMMARY ACC 497 Week 1 Individual Assignment FASB Codification System Orientation Paper ACC 497 Week 2 DQS AND SUMMARY ACC 497 Week 2 Individual Assignment Financial Statements Paper Part I ACC 497 Week 2 LT Assignment Case Study Assignment ACC 497 Week 3 DQs AND SUMMARY ACC 497 Week 3 Individual Assignment Financial Statements Paper Part II ACC 497 Week 3 Individual Assignments From the Readings ACC 497 Week 3 LT Assignment Case Study Assignment ACC 497 Week 3 LT Assignment From the Reading ACC 497 Week 4 DQs and Summary ACC 497 Week 4 Individual Assignments From the Readings ACC 497 Week 4 Learning Team Assignments from...
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...made by law and the humanities as a field of study. Articulate the ways that imaginative portrayals of law often convey concerns about the process and practice of law with greater persuasive force than factual texts. Identify recurring themes that are investigated in law and the humanities, such as the difference between legal and moral codes, the role of custom in establishing legal norms, the role of punishment, the imperfect functioning of the legal process, unfairness in the criminal justice system, bias against minorities and the poor. Understand the relevance of “artistic” and philosophic considerations of justice in the context of contemporary issues. REQUIRED RESOURCES The course readings will be available through various resources. For the course readings please search the following websites and databases which are available through a Berkeley Library LibGuide (http://berkeleycollege.libguides.com/hum360) . Please see Course...
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...TSS444 Tertiary Skills Assignment 1: Learning analysis Assignm ent purpose The purpose of this assignment is to demonstrate you understand a variety of learning styles and preferences and have considered how this affects your own learning. Date due This assignment is due in Week 4. Refer to Assessment tab, then Summary of your assessment, for the actual due date for this assignment. W eighting This assignment is worth 20% of your final mark. W ord lim it Part 1 300–500 words; Part 2 400–600 words Required resources • • • • Module 1 and the first topic of Module 2. Any notes you took from the Module 1 readings. Assignment 1 Reading Summary Chart. This can be found in the Assessment tab, Assignment 1 page, below assignment 1 link. The Module 1 readings (all found in Module 1 Learning Strategies and Techniques) Hock, R. R. (2013). Forty studies that changed psychology: Explorations into the history of psychological research (7th ed.). Retrieved from http://www.edmondschools.net/Portals/3/docs/Terri_McGill/READMultiple%20Intell.pdf Mobbs, R. (2003). Honey and Mumford learning styles. Retrieved from http://www.le.ac.uk/users/rjm1/etutor/resources/learningtheories/honeymumford.html Sidhu, A. (n.d.). VARK learning style. Retrieved from http://futurehumanevolution.com/vark-learning-style Form atting your assignm ent • • • • The first page is the title page; this includes the title of the assignment, the assignment number, your name and student...
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...B2GLOBAL PROGRAMME BTEC LEVEL 5 HND DIPLOMA IN BUSINESS UNIT SYLLABUS |Assignment Due: | |. Assignment 1: Slot 10 | |. Assignment 2: Slot 38 | |The student must pass these Assignments to pass the course | |Unit Title: |Business Strategy | |Unit Code |A/601/0796 | |QCF level |5 | |Credit value |15 credits | |Pre-requisite | | |Instructor | ...
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...HADM 7820 Readings Assignment # 1 Due January 28 Significance of Human Resources Reading: Hammonds, K. H. (2005). Why we hate HR. Fast Company, August 2005, Issue 97, 41-47. Klimoski, R., & Amos, B. (2012). Practicing Evidence-Based Education in Leadership Development. Academy of Management Learning & Education, 11(4), 685-702. Assignment: 1. Based on your experience, what do you think of HR? 2. Describe an experience that you had with HR people from a previous employer. Do you think they did a good job? Or, what should they have done? Provide your answer based on the reading – “how to do HR right” in page 46. 3. Given the goal of the MMH program is to help develop you to be the future leaders of the hospitality industry, how does an HR course help accomplish this? (Or perhaps, does it not?) 4. Why do you think I gave you both of these readings together? HADM 7820 Readings Assignment # 2 Due January 30 Legal Environment Reading: Sherwyn, D. (2010). How employment law became a major issue for hotel operations. Cornell Hospitality Quarterly, 51, 118-127. Slobodien, A., & Peters, E. (2012). Beyond harassment prohibitions. HRMagazine, November 75-78. Assignment: 1. What aspects of employment law do you think are important protections for you, personally? 2. What aspects of employment law do you...
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...Course Materials Kowalski, R., & Westen, D. (2011). Psychology (6th ed.). Hoboken, NJ: Wiley. All electronic materials are available on the student website. Week One: The Science of Psychology Details Due Points Objectives 1.1 Examine the major underlying assumptions of the various schools of thought in psychology. 1.2 Explain how psychological research applies to various aspects of personal and social life. 1.3 Determine what guidelines should be applied to the evaluation of psychological research and practices. 1.4 Identify ethical dilemmas that may arise in psychological research. 1.5 Describe the basic biological foundations of psychology. Reading Read Ch. 1 of Psychology. Reading Read Ch. 2 of Psychology. Reading Read Ch. 3 of Psychology. Reading Review this week’s Electronic Reserve Readings. (Journal articles that are...
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... fiction, poetry, and drama. This class will help you understand the sometimes baffling world of literature, and is intended to provide the general student with basic experience in literary analysis. Additionally, I hope this class will lead you to a lifelong appreciation for (and engagement with) reading literature. Although this class features extensive reading and writing, it is not necessary for you to be a bookworm or a writing superstar to succeed in this class – if you are willing to put in the time and effort to study, faithfully attend class, keep up on your reading and writing assignments and engage in our discussions and activities, you should have no trouble thriving in this course. Learning...
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...School of Business ------------------------------------------------- Syllabus ECO/372 Version 4 Principles of Macroeconomics Whenever there is any question including about what assignments are due, please remember this syllabus is considered the ruling document. Group Number: GA11BSB08 Course Start Date: 07/17/2012 Course End Date: 08/14/20112 Course Schedule: Workshop 1 – July 17, 2012 Workshop 2 – July 24, 2012 Workshop 3 – July 31, 2012 Workshop 4 – Aug. 7, 2012 Workshop 5 – Aug. 14, 2012 FACILITATOR: Farooq A. Khan COURSE LOCATION, DAY AND TIME: Gardena Learning Center, Tuesday @ 6PM REQUIRED READING: Students are required to read all materials available at the Course Materials site for this course on https://ecampus.phoenix.edu/portal/portal/public/login.aspx | Course Syllabus School of Business ECO/372 Version 4 Principles of Macroeconomics | Copyright © 2012, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies:...
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...2300level English course. ! A Note on Hybrid Learning: ! ! You are enrolled in a hybrid section of ENGL 1130. Only 50% of your instructional time is delivered in class, with the remaining 50% delivered online. This means that you are expected to spend an average of 2 hours per week on the assigned Online Learning Modules. This time is over and above any time spent on readings and assignments. Hybrid learning is not for everyone. If you are not self-motivated and not able to keep yourself on track without a great deal of guidance, or if you do not feel comfortable using Blackboard or sending and receiving email attachments, then you should strongly consider taking a different section of this course. I will assume basic internet/online/computer competency. Technical difficulties should not prevent you from completing your work. We know technology is not always reliable; complete your assignments early to avoid being hampered by last minute glitches. ! Instructional Objectives: ! This course is designed to introduce students to the process and practices of academic writing. Through lectures, readings, and other activities in and outside of the classroom, students will become acquainted with academic argument...
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