...Resources: Ch. 1, 2, & 7 of Financial Accounting Chapter 1: Exercise E1-1 Urlacher Company performs the following accounting tasks during the year. ___C___ Analyzing and interpreting information. ___R___ Classifying economic events. ___C___ Explaining uses, meaning, and limitations of data. ___R___ Keeping a systematic chronological diary of events. ___R___ Measuring events in dollars and cents. ___C___ Preparing accounting reports. ___C __ Reporting information in a standard format. ___I__ Selecting economic activities relevant to the company. ___R__ summarizing economic events. Exercise E1-5 Meredith Cleaners has the following balance sheet items. Accounts payable Incorrect Liabilities Accounts receivable Correct Assets Cash Correct Assets Notes payable Incorrect Liabilities Cleaning equipment Incorrect Asset Salaries payable Incorrect Liabilities Cleaning supplies Correct Assets Common stock Incorrect Stockholders equity Exercise E1-12 Income Statement Advertising expense $ 1,800 Rent expense 10,400 Utilities expense 3,100 Salaries expense 30,000 Service revenue 62,500 Retained Earnings Statement Retained earnings, January 1, 2008 $ 48,000 Dividends during 2008 6,000 Exercise E1-13 Mendez Company Balance Sheet December 31, 2008 Assets Liabilities Cash $15,000 Accounts payable $20,000 Supplies 8,000 Common stock 50,000 Accounts receivable (8,500) Retained...
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...Exercises Week 2 Melissa Platts XACC/290 August 9, 2015 Professor Lisa Pendleton Exercises Week 2 E3-4 A. Income Statement Nigel Company Income Statement August, 2015 1 $20,000 cash balance ,Common Stock increases 20000.00 2 1000.00 debited in cash and increase 5000.00 in equipment and 4000.00 owed A/P 3 750.00 debited cash increase to supplies 4 4100.00 cash, 5400.00 AR, 9500.00 service revenue 5 1500.00 debited cash, AP debited 6 2000.00 debited cash, 2000.00 debited dividends 7 800.00 debited cash, 800.00 debated rent expense 8 450.00 increase in cash, debt 450.00 AR 9 3000.00 debated cash, 3000.00 salary expense 10 A/P credited 300.00, utility expenses debited 300.00 B. $23,400.00 is how much the stockholders equity increased this month. C. Net Income for the month $23,100.00 E3-9 StepAside Corporation May 2015 General Journal GENERAL JOURNAL Date Account Titles and Explanation Debit Credit 5/4/2015 Supplies $ 700.00 cash accounts payable $ 700.00 5/7/2015 Advisory Services $ 6,800.00 Cash Service Revenue $ 6,800.00 5/8/2015 Supplies $ 850.00 Accounts Payable $ 850.00 5/9/2015 Equipment $ 1,000.00 cash $ 1,000.00 5/17/2015...
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...Chapter 2 Exercises Steven Quevedo GS1140 Problem Solving Itt Tech Asad Bhatti 06/28/12 Question 2.1: from the tables on pages 14 and 15 I feel I possess the attitude characteristic the most. I never give up on anything because I have the mentality that everything can be done when one applies themselves. The characteristic I lack in is Action Because I never reread a problem and I don’t second guess myself I don’t draw or make equations to help me and I never seem to be able to re phrase a question that I don’t understand in the format its given to me in the first place. Question 2.4: from Einstein theory of relativity changed the way the scientist looked at mass, energy, time and space this is the best example I can think of when I think of a Paradigm Shift Question 2.6: After establishing the 4 people that I have the most interaction with I came to a conclusion that to create a more creative environment I would ask a daily what If this happen today to see what kind of response would get. Due to the immature group of friends I have the questions had to be a bit drastic and theme based Example: Zombies attacking, if the swat came down on us, we had a super powers. This did help stimulate the groups minds but it also made for very childlike answers but it also showed me those who would be leaders and the different characteristics everyone would show during these events. Question 2.7: A: I would kindly ask if others had any suggestions as to not hurt...
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...Negotiation Exercise 2 PM598 – Contract and Procurement Management 12/10/2011 The negotiation experience that I would like to discuss occurred between the T-Mobile customer support group and me. The negotiation was concerning the switch of my mobile cell phone plan from one mobile carrier to another. The switch would allow me to take advantage of a corporate discount provided by my employer. The contract with T-Mobile was ending and I called to advise that I would not be renewing the contract and I would like to port my telephone number to another mobile carrier. T-Mobile was advised that the second line on the contract was to be terminated and it would not be ported to Verizon. The contract negotiation consists of planning, conducting the negotiation and documenting the negotiation and forming the contract. The first step of the negotiation consisted of planning the steps to verify the existence of a contacting with T-Mobile and to see if there is a contract end date. Communicate and conduct the negotiation instructions for the contract end, confirm the contract for termination fees and line porting fees. Confirm a verbal contract with T-Mobile that indicates contract end date and the early termination fees. T-Mobile confirmed that the lines could be ported or terminated. I advised that I wanted to port the primary telephone line to Verizon and terminate the second telephone line on the account. T-Mobile confirmed that there would be not early termination...
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...The first of 20 organizations is the National Fire Protection Association and it assists with the development of the (NEC). The cabling is in sections 725 and 800. A code that would fit into the new building is NFPA 70, it deals with the proper installation of electrical systems and wiring. Knowing this code will help make sure all systems make sure all equipment will be properly installed and lower the risk of fire. The Federal Communications Commission issues guidelines that govern installation of telecommunications cabling and the design of communications devices built or used in the United States. Part 15 of the FCC rules addresses electromagnetic radiation of equipment and cables. It would be important to a new build because you do not want a bunch of hazardous equipment being set up improperly. Underwriters Laboratories, INC is a nonprofit product safety testing and certification organization. If the products installed have a UL mark that means the product has met the UL safety requirements. Using these products on a new build would make sense safety wise. UL 1666 applies to testing flame-propagation height for electrical and optical fiber cables installed in vertical shafts. This test makes sure that the flames will not spread up to another floor. The National Electrical Code article 110.26 calls for a minimum of 3’ to 4’ of clear workspace around all electrical equipment, so that safe operation can be done and maintenance can be performed. This would be used in...
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...shape. There's a wide range of health improvements that can be acquire from vitamin B12 which can assist our human body in a few various ways. Beneath are the listing of a number of its various capabilities and also the gains that we can obtain: 1. Vitamin B12 assists to create the red blood cells on the inside our body. Our red blood cells are greatly relying on this vitamin for reformation, upkeep and repair. Several individuals take this kind of supplement to assist their energy and bring them back to complete power. Just like most athletes, they use this vitamin to improve their power quickly to greater level. One more key role of this vitamin is the regeneration and development of DNA (deoxyribonucleic acid) and RNA (ribonucleic acid). 2. It makes our nervous system healthy and balanced also to keep it operating properly. Our brain as well as nerve cells are in demand of a production of vitamin B12 so as for them to perform their tasks easily and correctly. It energizes myelin that protect our nerve fibers. Myelin is in charge of insulating our nerve fibers with fatty sheath that's created of complicated protein. It not merely guards the nerves but it additionally helps with the transmission of electrical impulses all through our body. This supplement works as being a highly essential role inside the metabolic rate of fatty acids for that upkeep of myelin. 3. In addition, it helps cure depression. Vitamin B12 is designated to support our body's neurotransmission processes...
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...Solution to exercise 1.1 1) b, c 2) $220,000 3) a, c, j Solution to exercise 1.2 (a) (i) Prime cost Reference number 2, 5, 10, 15, and 16 ii) Production overhead Reference number 1, 6, 8, 12, 19, and 20 iii) Administration overhead Reference number 3, 9, and 11 iv) Selling overhead Reference number 7, 14, and 17 v) Distribution overhead Reference number 4, 13, and 18 (b) (i) Variable Reference number 2, 5, 10, 14, 15, 16, and 18 ii) Fixed Reference number 1, 3, 4, 11, 12, 13, 17, 19, and 20 iii) Semi-variable Reference number 6, 7, 8, and 9 Solution to exercise 1.3 | |Number of units produced |Unit cost |Total cost | |Cost X |1 |20 |20 | |(Variable cost) | | | | | |10 |20 |200 | | |100 |20 |2,000 | | |1,000 |20 |20,000 | |Cost Y |1 |5,000 |5,000 | |(Fixed...
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...Exercise 4.1 (4,7 & 18) 4.A wheel of fortune has the integers from 1 to 25 placed on it in a random manner. Show that regardless of how the numbers are positioned on the wheel, there are three adjacent numbers whose sum is at least 39. Adding all 25 inequalities, we find that 3∑_(i=1)^25▒xi = 3∑_(i=1)^25▒i < 25(39) = 975. But 3∑_(i=1)^25▒i=(25)(26)/2=325 gives us the contradiction that 988 = 3(325) < 975 7. A lumberjack has 4n + 110 logs in a pile consisting of n layers. Each layer has two more logs than the layer directly above it. If the top layer has six logs, how many layers are there? . . 18. Consider the following four equations: 1) 1 =1 2) 2 + 3 + 4 = 1 + 8 3) 5 + 6 + 7 + 8 + 9 = 8 + 27 4) 10 + 11 + 12 + 13 + 14 + 15 + 16 = 27 + 64 1) 1=1 n = 1 2) 2 + 3 + 4 = 1 + 8 n = 2 3) 5 + 6 + 7 + 8 + 9 = 8 + 27 n = 3 4) 10 + 11 + 12 + 13 + 14 + 15 + 16 = 27 + 64 n = 4 Formula (n-1)²+1, or n²-2n+1+1or n²-2n+2. n²-2n+2 Exercise 4,3 10 & 15 10. If n ∈ Z+, and n is odd, prove that 8|(n2 − 1). 15. Write each of the following (base-10) integers in base 2 and base 16. a)22 b) 527 c) 1234 d) 6923 22) base 2 10110 base 16 = 16 527 base 2 = 1000001111 base 16 = 20F 1234 base 2 = 10011010010 base 16 = 4D2 6923 base 2 = 1101100001011 base 16 = 1B0B Exercise 4.4 (1&14) 1. For each of the following pairs a, b ∈ Z+, determine gcd(a, b) and express it as a linear combination...
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...GBS132 Lesson 2: Exercise Click Link Below To Buy: http://hwcampus.com/shop/gbs132-lesson-2-exercise/ GBS132 Lesson 2: Exercise Part 1 Mary Sky's banker has asked her to submit a personal balance sheet as of June 30, 2010, in support of an application for a $3,000 home improvement loan. She comes to you for help in preparing the balance sheet. So far, she has made the following list of her assets and liabilities as of June 30, 2013: Cash on hand $ 70 Balance In checking account 180 Balance in money market deposit account with Southwest Savings 650 Bills outstanding: Telephone $ 20 Electricity 70 Charge account balance 190 Visa 180 MasterCard 220 Taxes 400 Insurance 220 1,300 Condo and property 68,000 Condo mortgage loan 52,000 Automobile: 2006 Honda Civic 10,000 Installment loan balances: Auto loans 3,000 Furniture loan 500 3,500 Personal property: Furniture 1,050 Clothing 900 1,950 Investments: U.S. government savings bonds 500 Stock of Safeco Corporation 3,000 3,500 Review the balance sheet and determine Mary's (a) solvency, (b) liquidity, and (c) equity in her dominant asset. Part 2 Over the past several years, Joyce Chen has been able to save regularly. As a result, she has $54,188 in savings and investments. She wants to establish her own business in five years and feels she will need $100,000 to do so. If she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in five years? Will Joyce have the $100...
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...values 2, 9, 3, and 1 in the lower-digits places and 2000, 900, 30, and 1 in the bottom boxes. The place values are the same regardless, so the only change is the addition of 103 as the leftmost digit value. 2 | 9 | 3 | 1 | 2,000 | 900 | 30 | 1 | Exercise 1.1.2 The mapping of 1102 will have 1, 1, and 0 in the lower bit values and 4, 2, and 0 in the bottom bits, for a sum of 6. 1 | 1 | 0 | 4 | 2 | 0 | Exercise1.1.3 The mapping of 112 will have a leading 0 to fit the mapping, which does not affect the results. The lower bits will have leading 0s and then 1 and 1 in the rightmost bits. This results in all 0s at the bottom, with 2 and 1 in the rightmost bits, for a sum of 3. 0 | 0 | 1 | 1 | 0 | 0 | 2 | 1 | Exercise 1.1.4...
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...Stage 1: Upon learning about the flag 2 exercise, my group and I went into a planning phase the same day, similar to how we did with the first flag. Some of our early drafts for getting the target away from the laptop were to simulate an intercom in the building, announcing that the target’s car was being towed. Though we felt that this draft was one of our most realistic ones, we did not know prior to the test who our target was. Even if we did know, finding out the car they own would be too difficult and the draft was scrapped. Our second idea was to have a couple get into a fight that gets so serious that the target is compelled to intervene the confrontation, driving him/her away from the laptop; we dismissed this idea since it was likely that the target would do everything in their power to avoid involvement. We finally settled on one of our teammates simulating a female giving birth and having bystanders request the target to help with the procedure. We planned on having a teammate to impersonate a pregnant female by wearing a dress, and brandishing a plastic bag containing a baby doll and a monstrous amount of shredded chef Boyardee for effect, to give birth. Two teammates would then appear, posing as a doctor and the wife’s husband; these two would take...
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............................................ 11 Energizer: Accentuate the Positive............................................................................. 11 Energizer: Name Game.............................................................................................. 11 Energizer: Heart to Heart ........................................................................................... 11 Energizer: Guess my Body Language ........................................................................ 11 Energizer: How to Say Hello in Different Languages ................................................. 12 Energizer: Good Morning Game ................................................................................ 12 Service Value # 2 – Maintain A Professional Image ................................................. 14 Energizer: You Look Marvellous ................................................................................ 14 Energizer: First Impressions ....................................................................................... 14 Energizer: Your Professional Image Assessment ...................................................... 15 Energizer: Beauty Pageant...
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...Exercise 2 Austin Miller XACC/290 4/18/2015 Alice Bergmann BE 4-1 A) The revenue for the airlines will be recognized when the flight is complete in December. This is because the customer can still cancel and get a refund. B) The revenue for home theater system cannot start to be recognized until the first payments are made one year later. C) The revenue for selling game tickets online for a season can be recognized right away as most season tickets are nonrefundable. The revenue can recognized in April. D) The revenue for the loan should be recognized when is repaid in November. E) The revenue for sweater should be recognized when the bill is paid in October. The reason for this is because the sweater was purchased on account and that account must be paid in order for the revenue to be recognized. P 4-2 A (A) 1. June 30 Supplies Expense…………………………………………………….. 1,280 Supplies…………………………………………………………... 1,280 (To record supplies used) 2. 30 Utilities Expense……………………………………………………... 180 Utilities Payable……………………………………………….. 180 (To record unpaid utility bill) 3. 30 Insurance Expense…………………………………………………. 240 Prepaid Insurance……………………………………………. 240 (To record insurance expired) 4. 30 Unearned Service Revenue…………………………………… 4,100 Service Revenue…………………………………………….. ...
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...GBS132 Lesson 2: Exercise Click Link Below To Buy: http://hwcampus.com/shop/gbs132-lesson-2-exercise/ GBS132 Lesson 2: Exercise Part 1 Mary Sky's banker has asked her to submit a personal balance sheet as of June 30, 2010, in support of an application for a $3,000 home improvement loan. She comes to you for help in preparing the balance sheet. So far, she has made the following list of her assets and liabilities as of June 30, 2013: Cash on hand $ 70 Balance In checking account 180 Balance in money market deposit account with Southwest Savings 650 Bills outstanding: Telephone $ 20 Electricity 70 Charge account balance 190 Visa 180 MasterCard 220 Taxes 400 Insurance 220 1,300 Condo and property 68,000 Condo mortgage loan 52,000 Automobile: 2006 Honda Civic 10,000 Installment loan balances: Auto loans 3,000 Furniture loan 500 3,500 Personal property: Furniture 1,050 Clothing 900 1,950 Investments: U.S. government savings bonds 500 Stock of Safeco Corporation 3,000 3,500 Review the balance sheet and determine Mary's (a) solvency, (b) liquidity, and (c) equity in her dominant asset. Part 2 Over the past several years, Joyce Chen has been able to save regularly. As a result, she has $54,188 in savings and investments. She wants to establish her own business in five years and feels she will need $100,000 to do so. If she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in five years? Will Joyce have the $100...
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...Exercise 10-2: OJT Start off the training the first day would start with some classroom training so that we can start with information about the company, what their new job will be like and go over the safety rules so that we can make sure everyone is in a safe environment. I feel that it is very important that an employee knows what they is sell and who they are working for because one of the greatest selling tool you will have is a love for what you are selling and the belief that your company is the best. I can tell you a love for what you are doing will help you do it every day and if you believe in what you are selling you can make others belief it and then they will by it and on the smallest level just having the confidence can make you stand out verses others. This first part of the training will be the orientation. After going over the products a little, the company, and safety rules we will start to get the trainees ready to learn and the first thing will be to get them their uniform and get changed. After they have changed I feel it is important to talk to the trainee get to know them and each other, find out what they do, things that they like and things that they do not like and try to add things in about how that relates to their new job and why it is important; this can help get the new trainees interested and ready to learn which is important because you cannot force anyone to learn they must be ready and willing to. This should take the first part of day one...
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