(1 point each) Prepare AJEs that should be made on 12-31-15, the end of the accounting year, for each of the following situations. If no AJE is required, indicate “none.” Assume the company only makes AJEs at the end of the accounting year. In addition, identify the impact, if any, on the financial statements if you failed to make the appropriate AJE. Indicate NE for no impact, U for understatement, and O for overstatement. Use the following format to indicate the impact of failing to make the required entry for each situation.(5 points) X Company’s financial records showed the following during 2014:(3 points) N Company’s capital structure consists of 200,000 shares of common stock. N’s retained earnings balance at 01-01-15 was $3,100,000. Assume N had a 30% income tax rate. At 12-31-15, N’s records showed the following:Prepare an income statement in good form for 2015.Compute N’s retained earnings as of 12-31-15.(3 points) Information (in dollars) related to Lobnitz Service Company for 2016 follows.(4 points) Changes in all balance sheet account balances of E during the current year, EXCEPT the change in E’s retained earnings account follow. Compute E’s net income (or net loss) for the current year assuming the only 2 entries E made to her retained earnings account during the current year were for a cash dividend declared and paid of $75,000 and her net income (or net loss) for the current year. (This is NOT a statement of cash flows problem – do NOT format it like a statement of cash flows problem.)(4 points) Because of a flood, Josephus Corporation lost most of its accounting records. The CFO kept certain data related to the income statement. The data follow:(5 points) The following accounts appeared on the trail balance of B Company at December 31, 2017. Assets Liabilities Expenses Revenues Net Income Owners’ Equity XX XX XX XX XX XX On July 1, 2015, the company rented a machine for 9 months and paid $18,000 in advance. The journal entry to record the payment included a debit to a permanent account.On March 31, 2015, the company collected $600 of rent for 12 months in advance. The journal entry to record the receipt included a credit to an income statement account.On September 1, 2015, the company collected $6,000 as rent for 6 months in advance. The journal entry to record the receipt included a credit to a balance sheet account.On October 1, 2015, the company borrowed $24,000 for 1 year at 3%. Interest and principle are due on October 1, 2016.On February 1, 2015, the company invested in a $50,000, 10-year bond that pays 3% interest every three months starting May 1, 2015.On August 31, 2015, the company rented equipment for 10 months and paid $15,000 in advance. The journal entry to record the payment included a debit to a temporary account.On September 1, 2015 the company borrowed $4,000 for one year at 2%. The principle will be repaid on September 1, 2016. Interest is paid semi-annually starting March 1, 2016. Payments made for office supplies $50,000 Insurance premiums receipts $520,000 Interest expense on money borrowed $40,000 Office rental revenues $210,000 Wages & salaries paid $80,000 Advertising receipts $460,000 X follows the accrual basis of accounting. The following were taken from X’s balance sheets: 12-31-14 12-31-13 Office rental receivables $34,000 $32,000 Advertising-related receivables 21,000 18,000 Prepaid advertising 25,000 29,000 Prepaid office supplies 18,000 23,000 Wages & salaries payable 21,000 22,000 Interest payable 6,000 12,000 Unearned insurance premiums 12,000 19,000 Unearned office rental revenue 6,000 14,000 Unearned advertising revenue 34,000 43,000 What was office supplies expense during 2014?How much cash was paid out for interest during 2014?What was wages & salaries expense during 2014?What were insurance premiums revenues during 2014?What were office rental receipts during 2014?What were advertising revenues during 2014? Merchandise sales $950,000 Cost of goods sold 240,000 Selling and administrative expenses 260,000 Loss on the sale of a fixed asset 11,000 Inventory 25,000 Interest expense 8,000 Dividend income on equity investments 12,000 Accumulated depreciation 210,000 Dividends declared during the year 30,000 Restructuring charges relating to a closing N’s factory in Indianapolis* 100,000 * The restructuring did NOT represent a strategic shift that had or will have a major effect on N’s operations. Sales revenues 790,000 Selling, general, and administrative expenses 270,000 Investment income 18,000 Gain on the disposal of the tax preparation division * 150,000 Operating loss of the tax preparation division up until its disposal * 224,000 Interest expense 9,000 Miscellaneous expenses 4,000 * The tax preparation division was considered a component Prepare an income statement in good form for the year 2016. Assume a 28% tax rate and that 80,000 shares of common stock were outstanding during all of 2016. Cash decreased $ 50,000 Accounts receivable increased $ 33,000 Inventory decreased $ 74,000 Fixed assets increased $200,000 Accumulated depreciation increased $ 45,000 Accounts payable increased $ 80,000 Salaries payable decreased $ 30,000 Unearned revenue decreased $ 11,000 Notes payable decreased $100,000 Common stock increased $ 50,000 Sales returns and discounts were $15,000Interest expense was $16,000Cost of goods sold was $300,000Selling, general, and administrative expenses are 25% of cost of goods sold but only 10% of gross salesJosephus’ income tax rate is 30%Josephus had 50,000 shares of common stock outstanding during the year From the previous data, prepare an income statement in good form. Notes Payable (short-term) $192,000 Accounts Receivable $518,000 Accumulated Depreciation – Bldg. 83,000 Prepaid Insurance 56,000 Retained Earnings 544,000 Additional Paid-in Capital 1,125,000 Salaries and Wages Payable 34,000 Common Stock 163,000 Income Taxes Payable 156,000 Buildings 991,000 Cash 170,000 Inventory 1,580,000 Bonds Payable Due 1/1/2025 1,200,000 Land 465,000 Allowance for Doubtful Accts. 7,000 Accounts Payable 409,000 Notes Receivable (due in 6 months) 138,000 Interest Payable 5,000 Compute each of the following: 1. Total current assets 2. Total property, plant, and equipment 3. Total assets 4. Total current liabilities 5. Total stockholders’ equity
RACI charts can be used as a tool to manage the key roles and responsibilities of a project. Creating a RACI chart can be a challenge and takes practice. In this assignment, you will create and submit a RACI chart. As the project manager, you have been tasked with determining the roles of team members. There are no “right” or “wrong” answers, but several ways to interpret how the tasks and resources should be allocated. Create a RACI chart for a website reveal based on the tasks listed below. You may use the provided RACI Excel template. Project: Launching new website at company picnicTask: Taylor, the company’s Senior Vice President (SVP), told you that you’ll be surprising the 100+ employees of your company with the launch of the new website at the company picnic next month. She said she trusts your judgement but would like to run the final plan across A.J., the head of HR, who is in charge of the picnic. Everyone in the company has been working on some part of the website for over a year. You need to work the exciting reveal into the company picnic. Your committee – made up of project managers from across the company – needs to complete the following tasks:Create signage.Create a fun way to reveal the new website.Write up FAQs about the new website.Create a teaser to send out prior to the picnic.Schedule time to work together.Create a timeline for the reveal.Committee Members: You, Zarina, Erika, Jonas, and MikeAssignment ContentProject Cost ManagementOpen a new Microsoft Word document, Microsoft Excel document, or use the provided template to complete the following tasks.Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in 6 months for under $200,000.Use the Cost Estimate template and Cost Baseline template to assist with this assignment.TasksPrepare and upload a 1-page cost model for this project using spreadsheet software. Use the following work breakdown structure (WBS), and document your assumptions in preparing the cost model. Assume a labor rate of $100 per hour for the project manager and $60 per hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.
Project managementRequirements definitionWebsite designRegistration for recreational programsRegistration for classes and programsTracking systemIncentive systemWebsite developmentRegistration for recreational programsRegistration for classes and programsTracking systemIncentive systemTestingTraining, rollout, and supportUsing the cost model you created in the first task, prepare a cost baseline by allocating the costs by WBS for each month of the project.Assume that you have completed 3 months of the project. The BAC was $200,000 for this 6-month project. You can also make the following assumptions:PV=$120,000EV=$100,000AC=$90,000What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?Use the SPI to estimate how long it will take to finish this project.After completing your charts, write a 150-word follow-up in which you complete the following:Explain how the project is doing based on the CPI and SPI. Is it ahead of schedule or behind? Is it under budget or over?Describe the strategies or steps that should be taken for human resource management to avoid additional costs.Describe the strategies or steps that should be taken for resource activity management to avoid additional costs.Recommend 2 tools to support these strategies and explain why these tools would be beneficial.
CMGT 410 University of Phoenix Cost Model and RACI Chart Project
t6dq1 Response to classmate’s post
t6dq1 Response to classmate’s post. Help me study for my Management class. I’m stuck and don’t understand.
How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.
Respond to this:
Projected financial statement analysis is a method that allows a firm to examine how a strategic policy is evolving (David & David, 2017). In my financial statements, I plan on analyzing my monthly finances to see how well or poor we are doing. Since my strategic initiative is expansion, I must delineate the exact new service from the rest of the income statement. I must track everything related to this initiative on a monthly timeframe. Including facilities used, equipment purchased and employee salaries. Incorporating the help of the accounting section will be critical on determining the success of this plan.
In addition since we have been doing well in business for a good amount of time, I have plenty of capital built up. This will give me leverage on this plan. I also have plenty of facilities available for any firm that is interested in our initiative. Since my initiative involves collaboration, installation and monitoring on a continuous basis, I will need assistance from our partnering agencies. I will also need new dedicated staff available to only work on this project. After the first year, I should have a better understanding of how my strategic plan is evolving. Subtle adjustments will be made during this this first year. After this time, I should be able to make the determination on how to move forward. This initiative plan is something that I would truly like to initiate and I could see it being successful.
David, F. R. & David F.R. (2017). Strategic management: A competitive advantage approach, concepts & cases (16th ed.). Upper Saddle River, NJ: Pearson.
t6dq1 Response to classmate’s post
University of the Cumberlands Big Data Analytics and Business Discussion
essay helper free University of the Cumberlands Big Data Analytics and Business Discussion.
Discussion 1 (Chapter 8): Excel is probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts?Write a “Post” with a content of 200-300 words, & paste in a Word doc. Follow the APA format.Discussion 2 (Chapter 9): What are the common business problems addressed by Big Data analytics? In the era of Big Data, are we about to witness the end of data warehousing? Yes/No Why?Write a “Post” with a content of 200-300 words, & paste in a Word doc. Follow the APA format.Please follow APA 7 format and in-text citations are mandatory
University of the Cumberlands Big Data Analytics and Business Discussion
UC Influence Different Types of People Leadership Training Susanne Madsen Review
UC Influence Different Types of People Leadership Training Susanne Madsen Review.
Directions for completion of Video review assignment: minimum of 10 pages, not including bibliography This assignment involves the review of no less than 180 minutes of videos relating to the topics taught in this class (movies, politics-related videos & comedy of any form are NOT acceptable).At least 3 TEDTALK videos must be included & all videos must be of a caliber relative to TEDTALKS videos. Attached is a list of approved videos; do not seek to deviate from this list. List for EACH video:1- the strengths & weaknesses of the topics discussed (at least 2 strengths & 1 weakness) 2- how you, as a manager, would need to change your management/leadership qualities to incorporate what was discussed in the video.3- what a company would need to have in place to use the methods discussed (training programs, hiring practices, formal evaluations, customer input, hourly employee evaluations of the effectiveness of their managers, etc.)4- the bibliography must list the title of the video, internet site of the video, presenter, date & total time of video. * Please find the attached List of approved videos.
UC Influence Different Types of People Leadership Training Susanne Madsen Review
Prejudice and Innocence in To Kill A Mockingbird by Harper Lee
The Destructive Thought Prejudice is simply a thought, yet has the ability to do more damage to a society and its citizens than any other force. The novel To Kill A Mockingbird by Harper Lee follows the story of young Scout Finch and her growing understanding of the prejudice in the small southern town of Maycomb in which her brother Jem and her come of age. Lee’s use of symbols illustrates how societies prejudice has the ability to sabotage innocence, childhood, and friendship, and despite it being involuntary, prejudice destructs the lives of everyone who is exposed to the unjust reality it creates. Innocence is all some people have, yet prejudice is able to take this innocence away from them, destructing their lives. From the beginning, prejudice surrounds one of the most innocent figures in the novel, Boo Radley. With no knowledge of the truth about Boo, Scout describes him in detail by saying “he dined on raw squirrels and any cats he could catch, […] what teeth he had were yellow and rotten” (Lee, 16). Later, Lee uses the gifts that Boo leaves in the tree for Scout and Jem to symbolize the innocence of Boo and how Scout’s prejudice towards him is far from the truth. This prejudice built around Boo destroys his innocence by making people assume he has none, forcing Boo to live a lonely life. The Cunningham family is another symbol of innocence sabotaged by Maycomb’s prejudice. Despite their ability to see Tom Robinson’s innocence at the trial, Aunt Alexandra still deems that “you can scrub Walter Cunningham till he shines, […] but he’ll never be like Jem” (300). Aunt Alexandra, along with the rest of Maycomb, is incapable of putting aside prejudice and only judges the Cunninghams based off of their poorness. The Cunninghams are proven innocent by being able to put prejudice of Tom aside, but their innocence goes unnoticed due to the prejudice others have of them. Tom Robinson’s innocence also goes unnoticed due to prejudice. A symbol of Tom Robinson’s innocence is Tim Johnson, the rabid dog. Tim Johnson is labelled as a dangerous dog, yet is only “lookin’ for a place to die” (126), and is not causing any harm. This is similar to Tom Robinson because he is also falsely prejudiced in a dangerous manner. The unjust prejudice against Tim and Tom are both the destructive forces that kill them. The use of symbolism emphasizes how prejudice can take away innocence and alter innocent people’s lives. The theme that prejudice causes is loss of childhood innocence which is seen as Scout, Jem and Dill slowly realize how much the prejudice of the town affects lower class citizens. This loss of childhood innocence is much like the symbol of killing a mockingbird, since innocence is destroyed in both cases. Scouts childhood innocence is lost when she realizes the unjust prejudice that many whites have of Tom Robinson. After the incident with the lynch mob outside of Tom’s jail cell, Scout declares that “the full meaning of the night’s events hit [her] and [she] began crying” (208). When the unjust prejudice against Tom Robinson struck Scout, a piece of her childhood innocence is lost, making her cry. Likewise, Jem loses childhood innocence when he sees cement in the Radley tree, where Boo would leave them gifts. After Jem sees the cement in the knot-hole, Scout claims that “[she] saw he had been crying” (84). Jem is more mature than Scout, allowing Boo’s kindness to make him realize that the prejudice of Boo is not true. This makes Jem sympathetic towards Boo because the tree symbolizes his connection to the world, which is now destroyed. Jem’s realization that Boo is wrongly prejudiced causes him to lose childhood innocence. On the other hand, Dill is the least mature and symbolizes childhood through his daintiness. When Dill cries at the trial, childhood innocence is lost not only within him, but the entire novel. After Mr. Gilmer’s cross-examination, Dill begins sobbing and has to step outside. Outside Scout and him talk to Mr. Link Deas and Dill takes a sip of his cola thinking it is alcohol. This sip proves Dill’s desperation to feel better after realizing the unjust prejudice in the courtroom. Dill’s childhood innocence is lost in this scene, symbolizing the loss of childhood innocence as a whole, and therefore the killing of a mockingbird. Childhood innocence within Scout, Jem and Dill is lost throughout the novel because of their realization of the effect of prejudice on other people. Lee uses several symbols to emphasize how Boo symbolizes friendship and how societies unjust prejudice of him makes it a struggle to have friendship. Boo has little form of communication, yet is able to leave gifts in the knot-hole for Scout and Jem as an act of friendship. When Scout informs Jem that she ate the gum from the tree on the Radley lot, prejudice forms Jems response of “spit it out right now!” (45), since Jem is still naive and thinks anything on Boo’s property is poisoned. The gum symbolizes Boo’s attempt at friendship, and when shot down by Jem, one of his only possibilities of friendship is sabotaged because of prejudice. Later, Boo does another selfless act of friendship as he wraps a blanket around Scout when he sees she is cold. When Scout and Jem realize that Boo put the blanket on Scout, she feels sick. Lee uses the blanket to symbolize the warmth and goodness in Boo, and how he tries to give warmth to Scout. Scout and Jem are unable to acknowledge this due to the prejudice of Boo scaring them away, leaving Boo’s friendliness unnoticed. Only when Scout can form her own opinions and overrule prejudice, can she allow a friendship with Boo. After Boo heroically risks his life to save Scout and Jem, Scout reflects on all of the things Boo did for her and says that “[she] had given him nothing, and it made [her] sad” (373). This proves that Scout no longer fears Boo and can finally have a friendship with him since she has overruled prejudice. The friendship that Boo symbolizes struggles to exist due to prejudice and therefore creates a lonely life for Boo. In conclusion, throughout the use of symbols, Lee argues the ability that prejudice has to sabotage many of the themes throughout the novel, and explains how this involuntary assumption destructs the lives of everyone who is exposed to the unjust reality it creates. This is seen as prejudice sabotages peoples innocence, childhood, and friendships. This evidence lacking opinion that we call prejudice, is the most destructive thought. Works Cited Lee, Harper. To Kill A Mockingbird New york: Grand Central Publishing, 1982. Print.
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