Question: Correct Or Incorrect For The Work You Have Completed So Far. It Does Not A Check My Work Mode : This Shows What Is 4 Exercise 21.11 Joint Processes: Sell Or Process Further (LO21-1, LO21-2, LO21-3, LO21-4) BioMorphs Corporation Produces Three Products In A Monthly Joint Production Process. During The First Stage Of The Process Liquids And Chemicals …

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Get college assignment help at uniessay writers correct or incorrect for the work you have completed so far. It does not a Check my work mode : This shows what is 4 Exercise 21.11 Joint Processes: Sell or Process Further (LO21-1, LO21-2, LO21-3, LO21-4) BioMorphs Corporation produces three products in a monthly joint production process. During the first stage of the process liquids and chemicals costing $58.100 are heated and three different compounds emerge: 3,000 gallons of Molecue worth $22 per gallon are created from the steam; 10.000 gallons of Borphue worth $15 are drained from the tank; and 1,000 gallons of the tank residue, labeled as Polygard, are sold as fertilizer for $5.50 per gallon. Before Molecue is sold, it must be purified in another process that costs $10.900, and before the Polygard fertilizer is sold, it must be bottled at a price of $1.50 per gallon 25 coints a. What is the profitability of the joint process? b. Is it profitable to process Molecue further if it can be sold at split-off for $5 per gallon? c. BioMorphs has an offer to buy Polygard buk at the split-off point without boting for $3,300 per month. What is the incremental profit Doss) to BioMorphs if it acccepts the offer? O Answer is complete but not entirely correct Complete this question by entering your answers in the tabs belew. quire Raquired Required Au BoMarphs has an offer to buy Polygard buk at the soit-off paint without botting for $3,300 per month. What is thes incremental profn (loss) to BioMorphs if it accepts the offer? werementa oss 2.220 Prev Nevt eSC 2 3 5 6 7 C Q W E R T Y U P tab A S F G K caps lock Z X C V B M shift – T st

Question: Question The IPP Group (the Group) Is A Publisher Of Newspapers And Magazines, Academic Yourmals, And Books. The Group, A Isted Entity, Has A Financial Year Ending 30 April 2018, And Your Firm, Maginga

Question The IPP Group (the Group) is a publisher of newspapers and magazines, academic yourmals, and books. The Group, a isted entity, has a financial year ending 30 April 2018, and your firm, Maginga

Question: Accountm 3. You Are Preparing Your Personal Cash Budget For The Year 2018. During 2018, Assume That You Can Expect To Earn $3600 From Your Summer Job And $1200 From Work As A Tutor. Also, Your Family Always Gives You Gifts Totaling Around $400 During The Year. A Scholarship From A Local Kiwanis Club Adds $1000 Each Year While You Are In College. Assume …

accountm 3. You are preparing your personal cash budget for the year 2018. During 2018, assume that you can expect to earn $3600 from your summer job and $1200 from work as a tutor. Also, your family always gives you gifts totaling around $400 during the year. A scholarship from a local Kiwanis Club adds $1000 each year while you are in college. Assume your family pays your college costs except for room and board. Planned expenditures for the year 20018 include apartment rent for the year at $150 per month for 12 months and annual food costs of $5600. Transportation costs usually run about $40 per month. You need to have a little fun, so entertainment will cost $100 per month. You need to keep a little cash in reserve for travel and other emergencies, so you maintain a cash reserve of $500 at all times. To start 2003, you have the cash reserve plus $200. Will you need a loan in 2018? To answer this question, prepare your personal cash (5 marks) budget for the year based on the data given.

Question: (7 Marks) Question 2 The Tollowing Is Ephrayim Corporation’s Contribution Format Income Statement For Last Month: Sales $1,200,000 Variable Expenses 700,000 Contribution Margin 500,000 Fixed Expenses 300.000 Net Operating Income $200.000 The Company Has No Beginning Or Ending Inventories And Produced And Sold 25,000 Units During The Month. Required: …

(7 Marks) Question 2 The tollowing is Ephrayim Corporation’s contribution format income statement for last month: Sales $1,200,000 Variable expenses 700,000 Contribution margin 500,000 Fixed expenses 300.000 Net operating income $200.000 The company has no beginning or ending inventories and produced and sold 25,000 units during the month. Required: (2 marks) a. What is the company’s contribution margin ratio? CM ralio 1.20 000 tolal sales tolal ou p Contribution 800, 600 mag’A Lolal Sales 400,000 200000 38.33% (2 marks) b. What is the company’s break-even in units? Break-even Unis lo bzk even c. If sales increase by 100 units, by how much should net operating income increase? (I mark) d. How many units would the company have to sell to attain a target profit of $130,0007 (1 mark) e. What is the company’s margin of safety in dollars? (I mark)

Question: (Total: 31 Marks) SECTION B: PROBLEM SOLVING (7 Marks) Question 1 MPR Is A Division Of A Major Corporation. The Following Data Are For The Latest Year Of Operations Sales SI8,200,000 Net Operating Income S1,500,050 Average Operating Assets $4,600,000 The Company’s Minimum Required 14% Rate Of Retum Required: A. What Is The Division’s Margin? (1 Mark) …

(Total: 31 marks) SECTION B: PROBLEM SOLVING (7 Marks) Question 1 MPR is a division of a major corporation. The following data are for the latest year of operations Sales SI8,200,000 Net operating income S1,500,050 Average operating assets $4,600,000 The company’s minimum required 14% rate of retum Required: a. What is the division’s margin? (1 mark) b. What is the division’s tumover? (I mark) c. What is the division’s return on investment (ROI? (1 mark) d. What is the division’s residual income? (1 mark) e. Explain the common criticisms of ROI and state why the residual income may be a better indicator than the ROI. (3 marks) 5

Question: Consider The Following Company, Book Value Of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate #of Preferred Shares Price Of Preferred Share Dividend Per Preferred Shares $55 Million 7% 7% Annually 20 24% 1 Million $28 $1.2 #of Common Shares Price Of Common Share B Of Common Stock Risk-Free Rate Market Return 9,5 Million $15 0.6 2% 11% What …

Consider the following company, Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate #of Preferred Shares Price of Preferred Share Dividend per Preferred Shares $55 million 7% 7% annually 20 24% 1 million $28 $1.2 #of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return 9,5 million $15 0.6 2% 11% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES. Enter your response below. million Click “Verify” to proceed to the next part of the question.

Question: TMC Advertising Paid $170,000 To Acquire Red River Herald, A Weekly Advertising Paper. At The Time Of The Acquisition, Red River Herald’s Balance Sheet Reported Total Assets Of $100,000 And Liabilities Of $60.000. The Fair Market Value Of Red River Herald’s Assets Was $80,000, The Fair Market Value Of Red River Herald’s Liabilities Was $60,000 Read …

TMC Advertising paid $170,000 to acquire Red River Herald, a weekly advertising paper. At the time of the acquisition, Red River Herald’s balance sheet reported total assets of $100,000 and liabilities of $60.000. The fair market value of Red River Herald’s assets was $80,000, The fair market value of Red River Herald’s liabilities was $60,000 Read the requirements Requirement 1. How much goodwill did TMC Advertising purchase as part of the acquisition of Red River Herald? Purchase price to acquire Red River Herald Market value of Red River Herald’s assets Less: Market value of Red River Herald’s liabilities Less: Market value of Red River Herald’s net assets Goodwill TMC Advertising paid $170,000 to acquire Red River Herald, a weekly advertising paper. At the time of the acquisition, Red River Herald’s balance sheet reported total assets of $100,000 and liabilities of $60,000. The fair market value of Red River Herald’s assets was $80,000. The fair market value of Red River Heralds liabilities was $60,000. Read the requirements. Less: Market value of Red River Herald’s net assets Goodwill Requirement 2. Journalize TMC Advertising’s acquisition of Red River Herald. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit

Question: Moodle.canadasummer.ca Roward Oany Roa Rpona E Procreaunaora 3)eliminate Risky Business 7. Journalise The Following Transactions Cash Into The Fafm (3 Marks) A) September 1, The Owner Invested $ 5 000 B) September 4, Farm Equipment Bought By Cheque $3 500 (3 Marks) September 15, A Debtor, P. Moyo Purchased Farm Produce Worth $ 500 (3 Marks) C) On D) …

moodle.canadasummer.ca roward oany roa rpona e procreaunaora 3)eliminate risky business 7. Journalise the following transactions cash into the fafm (3 marks) a) September 1, the owner invested $ 5 000 b) September 4, farm equipment bought by cheque $3 500 (3 marks) September 15, A debtor, P. Moyo purchased farm produce worth $ 500 (3 marks) c) on d) September 29, P. Moyo paid $350 cash (3 marks) Dr Cr 5000 Investment cash 5000 Dr Cr b)Farm equipment 3500 bank 3500 C Dr Cr P.moyo cash 500 500 d) Bank Dr Cr 350 cash 350 MacBook Air o00 F4 $

Question: On January 1, 2018, Questor Airlines Purchased A Used Airplane For $49,000,000. Questor Airlines Expects The Plane To Remain Useful For Five Years (5,000,000 Miles) And To Have A Residual Value Of $4,000,000. The Company Expects The Plane To Be Flown 1,100,000 Miles The First Year. Read The Requitements Requirement 1a. Compute Questor Airlines’s First-year …

On January 1, 2018, Questor Airlines purchased a used airplane for $49,000,000. Questor Airlines expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of $4,000,000. The company expects the plane to be flown 1,100,000 miles the first year. Read the requitements Requirement 1a. Compute Questor Airlines’s first-year depreciation expense on the plane using the straight-line method Begin by selecting the formula to calculate the company’s first-year depreciation expense on fb plane using the straight-line method. Then enter the amounts and calculate the depreciation for the first year Straight-ine depreciation Requirement 1b. Compute Questor Airlines’s first-year depreciation expense on the plane using the units-of-production method Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation per unit Depreciation per unit Now select the formula anter the amniunts and calculate the comnanv’s first-vear denreciatinn axnense on the nlane usinn the units-of-oroduction mathnd On January 1, 2018, Questor Airlines purchased a used airplane for $49,000,000. Questor Airlines expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of $4,000,000 The company expects the plane to be flown 1,100,000 miles the first year. Read the requirements Requirement 1b. Compute Questor Airlines’s first-year depreciation expense on the plane useg the units-of-production method. Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation per unit Depreciation per unit Now, select the formula, enter the amounts, and calculate the company’s first-year depreciation expense on the plane using the units-of-production method Units-of-production depreciation On January 1, 2018, Questor Airlines purchased a used airplane for $49,000,000. Questor Airlines expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of $4,000,000. The company expects the plane to be flown 1,100,000 miles the first year Read the requirements Requirement 1c. Compute Questor Airlines’s first-year depreciation expense on the plane using the double-declining-balance method Begin by selecting the formula to calculate the company’s first-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter “0” for items with a zero value.) Double-declining- )x balance depreciation ) x On January 1, 2018, Questor Airlines purchased a used airplane for $49,000,000. Questor Airlines expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of $4,000,000. The company expects the plane to be flown 1,100,000 miles the first year Read the requitements Begin by selecting the formula to calculate the company’s first-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter “0” for items with a zero value) Double-declining- ) x balance depreciation ) x Requirement 2. Show the airplane’s book value at the end of the first year for all three methods. 4P Straight-Line Units-of-production Double-declining-balance Cost Less: Accumulated Depreciation Book Value

Question: MAKE SURE TO ANSWER ALL REQUIREMENTS I Have Completed The First Part But Still Need Help With Requirements 3-5 As Listed Below.

P4-30A (similar to) Question Help The adjusted trial balance of Bradford Irrigation System at December 31, 2018, follows: E(Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the company’s income statement for the year ended December 31, 2018. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Bradford Irrigation System Income Statement Year Ended December 31, 2018 Revenues: Service Revenue 74,200 Expenses: Insurance Expense 1,500 Salaries Expense 16,700 Supplies Expense 1,500 Interest Expense 2,000 2,100 Depreciation Expense-Equipment Depreciation Expense-Building 1,300 25,100 Total Expenses S 49,100 Net Income (Loss) Requirement 2. Prepare the company’s statement of retained earnings for the year ended December 31, 2018. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Bradford Irrigation System Statement of Retained Earnings Year Ended December 31, 2018 25,000 Retained Earnings, January 1, 2018 Net income for the year 49,100 74,100 (2,700) Dividends 71,400 Retained Earnings, December 31, 2018 Requirement 3. Prepare the company’s classified balance sheet in report form at December 31, 2018. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.) Bradford Irigation System Balance Sheet Requirements December 31, 2018 Assets 1. Prepare the company’s income statement for the year ended December 31, 2018. 2. Prepare the company’s statement of retained earnings for the year ended December 31, 2018. 3. Prepare the company’s classified balance sheet in report form at December 31, 2018 5 e the closing entries for Bradford Irngatilon S 18 At December 31, 2017, the current ratio was 2.1. Did the company’s ability to pay debts improve or deteriorate r did it remain the same? Print Done Less: Less: X Requirements 1. Prepare the company’s income statement for the year ended December 31, 2018. 2. Prepare the company’s statement of retained earnings for the year ended December 31, 2018. 3. Prepare the company’s classified balance sheet in report form at December 31, 2018 4. Jounalize the closing entries for Bradford Irrigation System. 5. Compute the company’s current ratio at December 31, 2018. At December 31, 2017, the current ratio was 2.1. Did the company’s ability to pay debts improve or deteriorate, or did it remain the same? Print Done Bradford Irrigation System Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit 13,500 Cash Accounts Receivable 47,000 Office Supplies 39,000 Prepaid Insurance 6,100 Building 57,200 Accumulated Depreciation-Building 24,200 Equipment 30,000 Accumulated Depreciation-Equipment 6,600 Accounts Payable 41,300 Interest Payable 2,000 Salaries Payable 3,600 Unearned Revenue 1,100 Notes Payable (long-term) 21,600 Common Stock 21,000 Retained Earnings 25,000 Dividends 2,700 Service Revenue 74,200 Insurance Expense 1,500 16,700 Salaries Expense Supplies Expense 1,500 Interest Expense 2,000 Depreciation Expense-Equipment 2,100 1,300 Depreciation Expense-Building 220,600 S 220,600 Total

Question: The Following Data Were Included In A Recent Papaya Inc. Annual Report (in Millions):

Get college assignment help at uniessay writers 2013 2014 2015 2016 $130,119 8,980 $78,225 4,920 $181,500 15,580 $188,910 15,900 Net revenue Net property, plant, and equipment Fixed Asset Year Turnover Ratio 2014 2015 2016

Question: 1. Increasing Staff Levels At Peak Times: Budget Increase Or Decrease 2. Simplifying The Menu-assume This Means Fewer Food Choices At Lower Cost Budget Increase Or Decrease 3. Larger Groups For Training Employees Budget Increase Or Decrease 4. Increasing Table Turns And Ticket Time Budget Increase Or Decrease 5 Offering $1.99 Kid’s Meals That Typically …

1. Increasing staff levels at peak times: Budget Increase or decrease 2. Simplifying the menu-assume this means fewer food choices at lower cost Budget Increase or decrease 3. Larger groups for training employees Budget Increase or decrease 4. Increasing table turns and ticket time Budget Increase or decrease 5 Offering $1.99 kid’s meals that typically cost $4.99 Budget Increase or decrease Red Robin airs a plan to rebound through more dine-in traffic By Peter Romeo on Aug. 22, 2018 Stung by a $1.9 million loss for its second quarter, Red Robin aired a plan Tuesday to win back dine- in customers who walked out because a labor-saving initiative backfired. Simultaneously, executives detailed initiatives to offset the damage by repricing the burger specialist’s everyday-value menu and pushing for more catering business. Chain officials attributed the concept’s weak performance for the quarter ended July 15 to fewer guests dining on-site during peak periods, particularly at restaurants located in shopping malls. “The continued weakness in our dine-in traffic caught how much is due to change in guest behavior and what is self-inflicted,” said CEO Denny Marie Post us off guard, while it is impossible to parse exactly Red Robin’s fault is considerable, she indicated. Post explained that shoppers would see a crush of people waiting for tables and walk away. Even if they stuck it out, she continued, tables were turned more slowly, cutting into guest counts on weekends. “Seventy-five percent of the loss of dine-in service came from peak periods,” she told financial analysts, as recorded in a transcript from SeekingAlpha.com The glut, in turn, was the result of operational changes undertaken by Red Robin two years ago, a recast known internally as Maestro, Post said. With the installation of a new kitchen display system, two bussing positions were eliminated from each store. The function of collecting dirty dishes was shifted to servers. “Unfortunately, said. “We have seen both our wait time and the number of people walking away without being seated increase year over year.” ,we did not execute this well at all. And it impacted us most during peak periods,” she Guest-satisfaction gauges and a surge in customer complaints pointed to a problem, but “we were lulled into complacency,” because ticket times improved, Post said. Overall, traffic was down 0.7 % Post detailed a number of moves aimed at winning back guests who were driven away. Those steps include: Upgrading hosts and hostesses “Today, these hosts are asked to do much more as our takeout and third-party delivery businesses grow,” Post said, noting that staff members holding the job tend to be very junior. “We are moving rapidly forward with required new host training and improved selection criteria.” Increasing staff levels at peak times “to capture the unmet demand we see in our restaurant lobbies,” Post said. Yet she noted that Red Robin will continue to look at ways of reducing labor through the adoption of new technology, particularly in five Western states where labor costs are increasing at a gallop. She did not name the states, but said that Red Robin has preponderance of stores there. a Focusing laser-like on table turns and ticket times, “day by day, week by week, through year-end. We will be measuring progress weekly,” said Post. Simplifying the menu and tweaking service methods. “We are new service model and menu simplification pilots,” said Post currently running multiple Grouping responsibilities for training and operational performance under one team, which reports up through the human resources department. Bolstering delivery and catering sales at mall units, which account for 16 % of the Red Robin chain. Post also mentioned the possibility of trying deals to draw more dine-in patrons. In particular, she noted that Red Robin is forming a catering sales team to promote the chain’s signature Burger Bar, a mini buffet for homes and offices, as a delivery option. signage and location-specific new Trying alternative modes of promotion, such as discounts for members of Red Robin’s loyalty program. Post noted that $1.99 kids’ meals were offered during the quarter one day week, to good effect a Red Robin CFO Guy Constant stressed that the chain does not believe dine-in business was cannibalized by takeout and delivery, though he acknowledged, “we have very little visibility to that because the third-party delivery proprietors don’t share their data.” Although much of Red Robin’s Q2 woes were attributed to the drop-off in on-premise business, Post noted that a 2.6% decline in same-store sales was also a result of the decline in the average check The culprit, she said, burgers priced at the bargain rate of $6.99. The everyday-bargain items currently generate 15% of orders, up from 6% two years ago, when advertising was put behind the array. The mix was also raised by an offered during Q1 was the success of the chain’s Tavern Double Burgers menu, a collection of expansion of the menu during the quarter to five burgers, from the three that were Post explained that the everyday value afforded by the menu has indeed drawn customers, but they tended to be current guests who traded down, instead of newcomers to the brand In response, Red Robin will vary the prices of the burgers included in the line, and will move cautiously on expanding the menu. If a burger is added to the Tavern menu, another will likely come off, Post said. She also noted that future limited-time promotions will likely focus on higher-ticket burgers temporarily added to Red Robin’s regularly priced menu. Overall, Red Robin’s revenues slipped by 0.6 %, to $315.4 million. The net loss of $1.9 million compares with a profit for the year-ago quarter of $6.9 million “We are confident we have identified the key issues that led to our misses and are putting solutions in place to improve through year-end,” Post said on the analysts’ call. “Now it is up to our entire team, home office and field, to deliver.” In the attached article, “Red Robin airs a plan to rebound through Marie Post outlines seven things Red Robin will do to increase sales and decrease costs. Seven of these items are listed below. Suppose you are the managerial accountant at Red Robin and need to adjust these items in the budget. Which is the FIRST budget in the Master Budget that you would need to adjust? Would you increase or decrease the budget? The master budget order is shown on the last page more dine-in traffic, CEO Denny 121 The Master Budget: An Overview Sales budget Selling and Ending inventory budget Production budget administrative budget Manufacturing overhead budget Direct materials Direct labor budget budget Cash Budget Budgeted income Budgeted balance sheet statement 1. Increasing staff levels at peak times: Budget Increase or decrease 2. Simplifying the menu-assume this means fewer food choices at lower cost Budget Increase or decrease 3. Larger groups for training employees Budget Increase or decrease 4. Increasing table turns and ticket time Budget Increase or decrease 5 Offering $1.99 kid’s meals that typically cost $4.99 Budget Increase or decrease

In the 1870s, the ________ was involved in the first far-reaching,

In the 1870s, the ________ was involved in the first far-reaching, comprehensive study of Earth’s oceans.

Question: Scoring: Your Score Will Be Based On The Number Of Correct Matches. There Is No Penalty For Incorrect Or Missing Matches. Match The Following Terms Or Phrases In With The Explanations. Terms Or Phrases May Be Used More Than Once. Clear All Current Assets/Current Liabilities Quick Ratio Remote Contingent Liability Quick Assets No Disclosure Needed In …

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following terms or phrases in with the explanations. Terms or phrases may be used more than once. Clear All Current assets/Current liabilities Quick ratio Remote contingent liability Quick assets No disclosure needed in notes to financial statements Current assets-Current liabilities Cash Temporary investments Accounts receivable Current ratio (Cash Temporary investments Accounts receivable)/Current liabilities Working capital Grant Co. had the following liabilities at December 31,, the end of its fiscal year Accounts Payable $56,000 Salaries Payable 12,200 Unearned Fees 8,900 Income Taxes Payable 3,200 Notes Payable The note payable is an 8-year note with $30,000 due in the next year. Prepare the liabilities section of the balance sheet for the company. 240,000 Grant Co. Balance Sheet December 31 Current iabilities Total current kabilities: Long- term liabilities Total Bablites Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 47; federal income tax withheld, $311; social security tax rate, 6.0 % ; and Medicare tax rate, 1.59%. What is the net amount to be paid to Jackson? T a. $1,042.19 b. $757.50 c. $389.69 d. $1.000.69

Question: I Have Completed Part Of The Question Prior To The Posting. Please Help Me Complete The Rest MAKE SURE TO COMPLETE ALL REQUIREMENTS

E4A-28 (similar to) Question Help Lending Services had the following unadjusted balances at December 31, 2018: Salaries Payable $0, and Salaries Expense, $1,500. The following transactions have taken place during the end of 2018 and beginning of 2019: Click the icon to view the transactions.) Read the requirements. Requirements 1 and 2. Journalize the entries assuming Lending Services does not use reversing entries. Do not record the reversing entry on Jan. 1. The T-accounts have been opened for you. Enter the Salaries Payable and Salaries Expense unadjusted balances at December 31, 2018. Post the journal entries to the accounts. Begin by journalizing the entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dec. 31: Accrued Salaries Expense at December 31, $4,000 Accounts and Explanation Date Debit Credit 2018 Salaries Expense 4,000 Dec. 31 Salaries Payable 4,000 To accrue salaries expense. Dec. 31: Closed the Salaries Expense account. Accounts and Explanation Date Debit Credit 2018 Income Summary 5,500 Dec. 31 5,500 Salaries Expense To close salaries expense. Jan. 4: Paid salaries of $5,200. This payment included the Salaries Payable amount, plus $1,200 for the first few days of January. Accounts and Explanation Credit Date Debit 2019 Salaries Payable 4,000 Jan. 4 Salaries Expense 1,200 Cash 5,200 To record payment of salaries. Enter the unadjusted balances, post the entries to the accounts, calculating adjusted balances “Adj. Bal”, post-closing balandces “Bal.”, and balances after the January 4 transaction “Bal,”. Enter the unadjusted balances (“Unadj. Bal.”) of the accounts on the first line of each T-account. For any account with a zero unadjusted balance, enter a “O” on the normal side of the account. Post any adjusting entries (“Adj.”) to the accounts using the second line of the T-accounts, and then calculate the adjusted balance (“Adj. Bal.”) of each account. For any temporary accounts only, post the closing entry (“Clos. “) on the same line as the adjusted balance, and then use the following line to show the account’s post-closing balance (“Bal.”). If an account has a zero balance after closing, select “Bal.” and enter a “0” on the normal side of that account. Finally, post the January 4 transaction (“Jan. 4”) and compute the ending balance (“Bal.”) of each account after the January 4 transaction has been posted. Salaries Payable Salaries Expense Requirements 1. The T-accounts have been opened for you. Enter the Salaries Payable and Salaries Expense unadjusted balances at December 31, 2018 2. Journalize the entries assuming Lending Services does not use reversing entries. Do not record the reversing entry on Jan. 1. Post to the accounts 3. Journalize the entries assuming Lending Services uses reversing entries. Do not forget to record the reversing entry on Jan. 1. Post to the accounts. Compare the balances on January 4, 2019 with Requirement 2 balances on January 4, 2019 2018 Accrued Salaries Expense at December 31, $4,000 Closed the Salaries Expense account. Dec. 31 31 2019 Jan. 1 Reversed the accrued salaries. (Requirement 3 only) 4 Paid salaries of $5,200. This payment included the Salaries Payable amount, plus S1,200 for the first few days of January.

Question: Garrison Oil, Inc. Has An Account Titled Oil And Gas Properties. Garrison Paid $6,500,000 For Oil Reserves Holding An Estimated 1,000,000 Barrels Of Oil. Assume The Company Paid $590,000 For Additional Geological Tests Of The Property And $410,000 To Prepare For Drilling. During The First Year, Garrison Removed And Sold 80,000 Barrels Of Oil. Record …

Garrison Oil, Inc. has an account titled Oil and Gas Properties. Garrison paid $6,500,000 for oil reserves holding an estimated 1,000,000 barrels of oil. Assume the company paid $590,000 for additional geological tests of the property and $410,000 to prepare for drilling. During the first year, Garrison removed and sold 80,000 barrels of oil. Record all of Garrison’s transactions, including depletion for the first year. (Record debits journal entry table.) irst, then credits. Select the explanation on the last line of the Garrison paid $6,500,000 for oil reserves holding an estimated 1,000,000 barrels of oil. Record the payment for the oil reserves. Do not record payment for any additional costs associated with the oil reserves (geological testing and/or drilling) We will do this in the following entry Date Accounts and Explanation Debit Credit Assume the company paid $590,000 for additional geological tests of the property and $410,000 to prepare for drilling Garrison Oil, Inc. has an account titled Oil and Gas Properties. Garrison paid $6,500,000 for oil reserves holding an estimated 1,000,000 barrels of oil. Assume the company paid $590,000 for additional geological tests of the property and $410,000 to prepare for drilling During the first year, Garrison removed and sold 80,000 barrels of oil Record all of Garrison’s transactions, including depletion for the first year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Assume the company paid $590,000 for additional geological tests of the property and $410,000 to prepare for drilling Record the payment for additional geological tests of the property and for preparing the property for drilling. (Record a single compound loumal entry) Date Accounts and Explanation Debit Credit Garrison Oil, Inc. has an account titled Oil and Gas Properties. Garrison paid $6,500,000 for oil reserves holding an estimated 1,000,000 barrels of oil Assume the company paid $590,000 for additional geological tests of the property and $410,000 to prepare for drilling During the first year, Garrison removed and sold 80,000 barrels of oil. Record all of Garrison’s transa journal entry table.) ions, incluc g depletion for the first year (Record debits first, then credits Select the explanation on the last lino of the During the first year, Garrison removed and sold 80,000 barrels of oil. Record the depletion expense for the first year. (Assume no residual value. Round interim calculations to the nearest cent and whole dollar.) yourto ers to the nearest Date Accounts and Explanation Debit Credit

Question: Highpoint Blackboard.com Ch 21- Problems 0 Saved 2 Parsons Plumbing

highpoint blackboard.com Ch 21- Problems 0 Saved 2 Parsons Plumbing

• Create a new project plan using Microsoft Project for a

• Create a new project plan using Microsoft Project for a two-day training session in which people are brought in from different parts of the country. Document everything involved, including preparation, presenter issues, participant issues, accommodations, and facilities in the plan. A major part of your grade for the plan is based on how detailed it is.

Question: PROBLEM # 1 Macaracachimba, LLC Needs To Prepare Pro-forma Income Statement For The Natural Year 2019, The Firm’s Income Statement And Balance Sheet For The Year Ended 31 DEC2018 Are Presented Below Assumptions For The Calendar Year 2019: 1. Sales Are Projected To Increase By 15% 2. Dividends In The Amount Of $750,000 Will Be Paid To Stockholders 3. …

PROBLEM # 1 Macaracachimba, LLC needs to prepare pro-forma income statement for the natural year 2019, the firm’s Income Statement and Balance Sheet for the year ended 31 DEC2018 are presented below Assumptions for the calendar year 2019: 1. Sales are projected to increase by 15% 2. Dividends in the amount of $750,000 will be paid to stockholders 3. A minimum cash balance of $650,000 is desired 4. A brand-new machinery will be purchased at a price of $50,000 5. Depreciation expense for the year is expected to be $50,000 6. Marketable securities will remain the same 7. Accounts receivable, inventory, accounts payable, notes payable, and accrued expenses are expected to increase in tandem with sales 8. Bonds with a market price of $30,000 will be issued 9. No new stock will be issued. Income Statement Macaracachimba, LLC For the Year Ended 31 DEC2018 $3028,500 Sales Revenue Less: Cost of Goods Sold FIxed Costs $1,350,000 $1,260,600 Variable Costs $ 417900 Gross Profits Less: Operating Expenses Fixed Expenses Variable Expenses ЕВIT (NO) Less: Interest Expense Net Profit Before Taxes (EBT) Less: Taxes (40 % ) Net Profit After Taxes (EAT or NI) S 4,500 S 85,840 $ 327,560 82150 245410 98,164 147246 Less: Dividends S 50,000 97246 Increase/Decrease in Retained Eamings S Balance Sheet Macaracachimba, LLC Asol31DEC2018 ASSETS Current Assets 625000 298.000 580,000 Cash

How does Interpol accomplish its task of combating international crime and

How does Interpol accomplish its task of combating international crime and catch transient fugitives? Does the Interpol have any attributes that might be adopted in America for the betterment of our police system?

Question: Exercise 21.3 Incremental Analysis: Accepting A Special Order (LO21-1, LO21-2, LO21-3) Sutherland Manufactures And Sells 50,000 Laser Printers Each Month. A Principal Component Part In Each Printer Is Its Paper Feed Drive. Sutherland’s Plant Currently Has The Monthly Capacity To Produce 80,000 Drives. The Unit Costs Of Manufacturing These Drives (up …

Exercise 21.3 Incremental Analysis: Accepting a Special Order (LO21-1, LO21-2, LO21-3) Sutherland manufactures and sells 50,000 laser printers each month. A principal component part in each printer is its paper feed drive. Sutherland’s plant currently has the monthly capacity to produce 80,000 drives. The unit costs of manufacturing these drives (up to 80,000 per month) are as follows Variable coats per unit 23 Direet naterials Direct labor Variable nanufacturing overhead Tixed costs per nontha Fixed nanafacturing overhead 5 $1,300,000 Desk-Mate Printers has offered to buy 10,000 paper feed drives from Sutherland to be used in its own primters a Compute the average unit cost of manufacturing each paper feed drive assuming that Sutherland manufactures only enough drives for its own laser printers b. Compute the incremental unit cost of producing an additional paper feed drive. c Compute the per-unit sales price that Sutherland should charge Desk-Mate to earn $140,000 in monthly pretax profit on the sale of drives to DeskMate. O Answer is complete but not entirely correct. Average perunit manudactunings lcont inoremental unt cos s An lUn sales price

The post Question: Correct Or Incorrect For The Work You Have Completed So Far. It Does Not A Check My Work Mode : This Shows What Is 4 Exercise 21.11 Joint Processes: Sell Or Process Further (LO21-1, LO21-2, LO21-3, LO21-4) BioMorphs Corporation Produces Three Products In A Monthly Joint Production Process. During The First Stage Of The Process Liquids And Chemicals … appeared first on uniessay writers.

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