Showing results for 'acc 205'

**ACC 205 Week 2** E4-21 - Klein Photography E4-21     Identifying and journalizing closing entries [10-15 min] The accountant for Klein Photography has posted adjusting entries (a)(e) to the following selected accounts at December 31, 2012. Requirements 1.    Journalize Klein Photography's closing entries at December 31, 2012. 2.    Determine Klein Photography's ending Klein, capital balance at December 31, 2012. Ethical Issue 3-1 - Steinbach & Sons Ethical Issue 3-1 The net income of Steinbach & Sons, a department store, decreased sharply during 2014. Mort...

Answered 6 years ago by baptiste

1 answers and 36 views


**ACC 205 Week 5 ** Fraud Case 9-1 Jim Reed manages a fleet of utility trucks for a rural county government. He's been in his job 30 years, and he knows where the angles are. He makes sure that when new trucks are purchased, the salvage value is set as low as possible. Then, when they become fully depreciated, they are sold off by the county at salvage value. Jim makes sure his buddies in the construction business are first in line for the bargain sales, and they make sure he gets a little something back. Recently, a new county commissioner was elected with vows to cut expenses for the...

Answered 6 years ago by bhdrkn

1 answers and 472 views


ACC 205 (Principles of Accounting) Week 1 Week 1 DQ 1(Account Means) As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Week 1 DQ2(Accounting Equation) What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits...

Answered 2 years ago by Cramster

1 answers and 0 views


ACC 205 (Principles of Accounting) Week 1 Week 1 DQ 1 (Account Means) As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Week 1 DQ2 (Accounting Equation) What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits...

Answered 2 years ago by Cramster

1 answers and 5 views


ACC 205 (Principles of Accounting) Week 1 Week 1 DQ 1 (Account Means) As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Week 1 DQ2 (Accounting Equation) What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact...

Answered 2 years ago by Cramster

1 answers and 4 views


**ACC 205 Week 5 Final** Week 5 DQ2 Current Liabilities and Payroll - ACC205 Principles of Accounting I AU Current Liabilities and Payroll. There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated? Final Paper Focus of the Final Paper Submit a paper on one of the major topics listed below using course topics previously referenced as the basis for the paper and incorporating at least two other related articles of the students choice: How have...

Answered 2 years ago by

1 answers and 324 views


A+ Grade Solutions Ashford University ACC 205 Week 4 Exercise Assignment Liability (New) 1. Partner investments; journal entries. The LP partnership was formed on January 1, 19X7, by investments from Bill Levy and Marv Parcells. Levy contributed $30,000 cash and $80,000 of land. Parcells contributed cash of $50,000 and equipment with a value of $20,000. a.Prepare the journal entries needed to record the investments of Levy and Parcells. 2. Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: •Social...

Answered 2 years ago by ajotatxe

1 answers and 2 views


Financial Statements and There Importance in Outside Interests Financial Statements and There Importance in Outside Interests ACC 205 Financial statements are used in accounting to give an accurate representation of the financial health of a given business or entity. These statements and their underlying importance of accuracy cannot be overlooked. It is of the utmost importance for a business to present accurate financial statements not only to meet reporting requirements internally, but also to satisfying outside reporting expectations. This is particularly crucial when it...

Answered 2 years ago by solarc

1 answers and 1 views


Financial Statements and There Importance in Outside Interests ACC 205 Financial Statements and There Importance in Outside Interests Financial statements are used in accounting to give an accurate representation of the financial health of a given business or entity. These statements and their underlying importance of accuracy cannot be overlooked. It is of the utmost importance for a business to present accurate financial statements not only to meet reporting requirements internally, but also to satisfying outside reporting expectations. This is particularly crucial when it comes to...

Answered 2 years ago by solarc

1 answers and 0 views


ACC 205 (Principles of Accounting) Week 2 Week 2 DQ 1 (Accounting Cycle) Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not? Week 2 DQ 2 (Bank Reconciliation) What is the purpose of bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in...

Answered 2 years ago by Cramster

1 answers and 4 views


ACC 205 Week 4 Discussion Question 2 Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates' postings. The allowance way of accounting for bad debt entails creating of a contra account to accommodate estimations of uncollectable accounts receivable for that period of time. The main advantage of the allowance way is that it supports the matching rule by booking estimated expenditures in the same period of time as...

Answered 2 years ago by solarc

1 answers and 0 views


ACC 205 Week 1 DQ Accounting Equation Accounting Equation As you have learned in this week's readings the Accounting Equation is Owners' Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Accounts What does the term "account" mean? What are the different classifications of accounts? How do the rules for Debits and Credits impact accounts? Please provide an example of how debits and credits impact accounts. The Accounting Equation The Accounting...

Answered 2 years ago by solarc

1 answers and 0 views


Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates' postings. The allowance method of accounting for bad debt involves setting up of a contra account to house estimates of uncollectable accounts receivable for that period. The advantage of the allowance method is that it supports the matching principle by booking expected expenses in the same period as the revenue. Estimation of uncollectable accounts can be accomplished...

Answered 2 years ago by jacob

1 answers and 1 views


ACC 205 Week Two Exercise Assignment 1050 Words 1. Classification of items for Ron Carroll Company: A. prepaid expense B. accrued revenue C. none of the foregoing D. unearned revenue E. prepaid expense F. accrued expense G. none of the foregoing H. none of the foregoing 2. Computing prepaid account balance of Action Sign Company: Particulars Amount () Insurance expense 4,350 () Prepaid insurance, December 31, 20X2 1,900 Total cash available for insurance 6250 (-) Cash outlays for insurance during 20X2 6,200 Prepaid insurance, January 1, 20X2 50 3....

Answered 2 years ago by Cramster

1 answers and 1 views


**ACC 205 Week 5 P10-15A** Accounting, 9e                         P10-15A    Journalizing liability transactions                     LO 1, 2 [30-40 minutes]                         Students please fill-in areas that are shaded                 Student Name                         Course Name                         Student ID:                         Date:                         The following transactions of Denver Pharmacies occurred during...

Answered 2 years ago by

1 answers and 951 views


**ACC 205 Week 4** Fraud Case 7-1 - ACC205 Principles of Accounting I - AU Fraud Case 7-1 Levon Helm was a kind of one-man mortgage broker. He would drive around Tennessee looking for homes that had second mortgages, and if the criteria were favorable, he would offer to buy the second mortgage for cash on the barrelhead. Helm bought low and sold high, making sizable profits. Being a small operation, he employed one person, Cindy Patterson, who did all his bookkeeping. Patterson was an old family friend, and he trusted her so implicitly that he never checked up on the ledgers or the bank...

Answered 4 years ago by DVick

1 answers and 307 views


A+ Grade Solutions Ashford University ACC 205 Week 5 Exercise Assignment Financial Ratios 1.Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: EdisonStaggThornton Cash$4,000$2,500$1,000 Short-term investments3,0002,5002,000 Accounts receivable2,0002,5003,000 Inventory1,0002,5004,000 Prepaid expenses800800800 Accounts payable200200200 Notes payable: short-term3,1003,1003,100 Accrued payables300300300 Long-term liabilities3,8003,8003,800 a.Compute the current and quick ratios for each...

Answered 2 years ago by ajotatxe

1 answers and 1 views


**ACC 205 Week 1 E1-21 - Caren Smith, M.D.** E1-21 - Caren Smith, M.D E1-21        Using the accounting equation to analyze transactions [1020 min] Caren Smith opened a medical practice. During July, the first month of operation, the business, titled Caren Smith, M.D., experienced the following events: Jul 6     Smith invested $55,000 in the business by opening a bank account in the name of C. Smith, M.D. The business gave capital to Smith. 9        Paid $46,000 cash for land. 12    Purchased medical supplies for $1,800 on account. 15    Officially opened for...

Answered 4 years ago by lancer

1 answers and 943 views


**ACC 205 Week 1 Doris Stewart** **P2-30A - Doris Stewart** **P2-30A        Journalizing transactions, posting to T-accounts, and preparing a trial balance [4560 min]** Doris Stewart started her practice as a design consultant on September 1, 2012. During the first month of operations, the business completed the following transactions: Sep 1    Received \$42,000 cash and gave capital to Stewart. 4    Purchased supplies, \$700, and furniture, \$1,900, on account. 6    Performed services for a law firm and received \$1,400 cash. 7    Paid \$24,000 cash to...

Answered 6 years ago by DVick

1 answers and 887 views


**ACC 205 Week 1 Problem 1-48 - Draper Consulting** Problem 1-48 - Draper Consulting E1-48        Analyzing transactions and preparing financial statements [2025 min] Draper Consulting began operations and completed the following transactions during the first half of December: Dec 2     Received $18,000 cash and gave capital to Draper. 2        Paid monthly office rent, $550. 3    Paid cash for a Dell computer, $1,800. This equipment is expected to remain in service for five years. 4    Purchased office furniture on account, $4,200. The furniture should last for...

Answered 4 years ago by yoKev

1 answers and 681 views


In general, account means the record of the payment transaction which takes place between a buyer and seller for a particular time period. The classification of the accounts depends on the specific purpose. But in general, there are two types of the accounts - personal and impersonal account. Personal accounts are related to any person or institution or any company account. It includes bank a/c and creditor a/c etc. Impersonal accounts are further two types - real accounts and nominal accounts. Real accounts are related to the assets which can be felt or touched like building account,...

Answered 2 years ago by hemsworth

1 answers and 0 views


ACC 205 Week 1 DQ 2 DQ2: what does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.

Answered 2 years ago by Cramster

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ACC 205 (Principles of Accounting) Week 5 Week 5 DQ 1 Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company? Week 5 DQ 2 Profit Margin Week 5 Assignments: ACC 205 Week Five Exercise Assignment (Financial Ratio’s) 1-( Liquidity ratios)2-( Computation and evaluation of activity ratios)3-( Profitability ratios, trading on the equity)4-( Horizontal analysis)5-( Vertical...

Answered 2 years ago by Cramster

1 answers and 1 views


**ACC 205 Week 3** E5-16      Computing inventory and cost of goods sold amounts [1015 min] Consider the following incomplete table of merchandiser's profit data: Sales    Sales Discounts    Net Sales    Cost of Goods Sold    Gross Profit $   89,500    $   1,560    $   87,940    $   60,200    (a) 103,600    (b)    99,220    (c)    $   34,020 66,200    2,000    (d)    40,500    (e) (f)    2,980    (g)    75,800    36,720 Requirement 1.    Calculate the missing table values to complete the...

Answered 4 years ago by lancer

1 answers and 713 views


ACC 205 (Principles of Accounting) Week 3 Week 3 DQ 1 . The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods? Week 3 DQ 2 A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the...

Answered 2 years ago by Cramster

1 answers and 1 views


ACC 205 (Principles of Accounting) Week 4 Week 4 DQ 1 (Current Liability) What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability. Week 4 DQ 2 (Advantages & Disadvantages) A client comes to you thinking about starting a...

Answered 2 years ago by Cramster

1 answers and 3 views


A+ Solution Step 1 Read the scenario about an ethical issue. The net income of Steinbach & Sons, a department store, decreased sharply during 2009. Mort Steinbach, owner of the store, anticipates the need for a bank loan in 2010. Late in 2009, Steinbach instructs the store's accountant to record a $2,000 sale of furniture to the Steinbach family, even though the goods will not be shipped from the manufacturer until January 2010. Steinbach also tells the accountant to make the following December 31, 2009, adjusting entries: Salaries owed to...

Answered 2 years ago by a+tutor

1 answers and 16 views


Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose. Respond to at least two of your classmates' postings. Adjusting entries are made to allocate expenses and revenues in the proper period. Normal journal entries are made n the day the transaction occurred. In accrual accounting you want your expenses to match with your income. An example would be that you purchase materials in late February for a job you will begin and complete in early march. You want to end February with...

Answered 2 years ago by jacob

1 answers and 1 views


ACC 205 Week 4 Exercise Assignment Liability 1. Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: Social Security taxes: 6% on the first 55,000 earned Medicare taxes: 1.5% on the first 130,000 earned Federal income taxes withheld from wages: 7,500 State income taxes: 5% of gross earnings Insurance withholdings: 1% of gross earnings State unemployment taxes: 5.4% on the first 7,000 earned Federal unemployment taxes: 0.8% on the first 7,000 earned The company incurred a salary expense of 50,000 during...

Answered 2 years ago by Cramster

1 answers and 0 views


ACC 205 Week Five Exercise Assignment Financial Ratios 1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash 4,000 2,500 1,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Long-term liabilities 3,800 3,800 3,800 a. Compute the current and quick...

Answered 2 years ago by Cramster

1 answers and 0 views


ACC 205 Week 5 Exercise Assignment Financial Ratios 1. Liquidity ratios: On July 10,the current ratios are , and respectively for Edison, Stagg and Thornton and quick ratios are , and respectively for each of the three companies. Liquidity Ratios Edison Stagg Thornton Current ratio Quick ratio According to these two liquidity ratios Edisonfirm is the most liquid as it has the highest Quick ratio; which means that Edison has 2.5 liquid assets to repay 1 current liabilities. 2. Activity ratio: The accounts receivable turnover and inventory turnover...

Answered 2 years ago by Cramster

1 answers and 0 views


"Week 4 Assignment" Theresa M. Odom ACC 205 Brent Beyer November 4, 2014 Week 4 Assignment 1. Payroll accounting. Salaries Expense 50,000 Social Security taxes 2,000 Medicare taxes 750 Federal Income taxes 7,500 State income taxes 2,000 Insurance withholdings 500 Net Payroll 37,250 Payroll tax expenses 5,850 Matching social security taxes 2,000 Medicare 750 Federal unemployment taxes 400 State unemployment taxes 2,700 2. Current Liabilities: Entries and Disclosure Dec. 1 Cash 10,000 Notes...

Answered 2 years ago by Ash

1 answers and 0 views


**ACC 205 Week 4 DQ2 Receivables** Week 4 DQ2 Receivables - ACC205 Principles of Accounting I AU Receivables. Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method?

Answered 2 years ago by

1 answers and 645 views


ACC 205 Week 4 Accounting Assignments #1 Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. Analyze the information contained in the company's balance sheet and income statement to answer the following questions: What are the company's total assets at the end of its most recent annual reporting period? Why is this important? What are the total assets at the end of the previous annual reporting period? How much cash and cash equivalents did the company have at the end of its most recent annual reporting...

Answered 2 years ago by Cramster

1 answers and 2 views


"Week 2 Assignment" Theresa M. Odom ACC 205 Brent Beyer October 24, 2014 Week 2 Assignment 1. Recognition of concepts. a. 3 Accrued Exp b. 4 Accrued Rev c. 1 Prepaid Exp d. 2 Unearned Rev e. 1 Prepaid Exp f. 1 Prepaid Exp g. 5 None h. 5 None 2. Understanding the closing process a. Note payable, accounts receivable, accumulated depreciation: building, accounts payable, cash b. Alex Kenzy, drawing, product revenue, utility expense, supplies expense c. Utility expense, supplies expense d. Alex Kenzy, drawing 3. Adjusting entries and financial statements. a. Adjustment...

Answered 2 years ago by Ash

1 answers and 0 views


ACC 205 Week 4 Accounting Assignment Question # 1 Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. Analyze the information contained in the company's balance sheet and income statement to answer the following questions: What are the company's total assets at the end of its most recent annual reporting period? Why is this important? What are the total assets at the end of the previous annual reporting period? How much cash and cash equivalents did the company have at the end of its most recent annual reporting...

Answered 2 years ago by Homework

1 answers and 1 views


A+ Grade Solutions Ashford University ACC 205 Week 3 Exercise Assignment Inventory (New) 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventoryWoods$11,000 4/19 PurchaseSunset21,800 6/7 PurchaseEarth31,200 12/16 PurchaseMoon4,000 Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s a. cost of goods sold. b....

Answered 2 years ago by ajotatxe

1 answers and 4 views


Basic Accounting Equations ACC 205 Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item. Classification Normal Balance a. The albums, tapes, and CDs held for sale to...

Answered 2 years ago by solarc

1 answers and 0 views


All About Accounting ACC 205 Week 5 Assignment Over the years modern accounting systems have changed for the better and the worse as well. The topic I picked to write of is, how have modern account systems made a difference in modern organizations? Before taking this course I was unsure of how accounting was used in businesses or the way it was formatted. I learned so much from taking this course as how to analysis transactions and use these format correctly. I have made Excel spreadsheets in other courses and for my personal use but they do not compare the assignment in this course....

Answered 2 years ago by solarc

1 answers and 2 views


All About Accounting Week 5 Assignment ACC 205 Over the years modern accounting systems have changed for the better and the worse as well. The topic I picked to write of is, how have modern account systems made a difference in modern organizations? Before taking this course I was unsure of how accounting was used in businesses or the way it was formatted. I learned so much from taking this course as how to analysis transactions and use these format correctly. I have made Excel spreadsheets in other courses and for my personal use but they do not compare the assignment in this course. I...

Answered 2 years ago by hemsworth

1 answers and 1 views


Week 1 Assignment ACC 205 Treasure Hunt Exploration Company Trial Balance August 15, 2011 Account Debit Credit Cash 5, Accounts Receivable 9, Supplies Exploration Equipment 17, Computers 46, Accounts Payable 3, Notes Payable 18, Indiana Capital 50, Indiana Drawing 1, Service Revenue 10, Salary Expense 1, Rent Expense Advertising Expense Utilities Expense - Total 83, 83, ...

Answered 2 years ago by hellothereson

1 answers and 1 views


ACC 205 Week 1 Exercise Assignment 1200 Words Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item. a. The albums, tapes, and CDs held for sale to customers. b. A long-term loan owed to Citizens Bank. c. Promotional costs to publicize a concert. d. Daily sales of merchandise sold, e. Amounts due from...

Answered 2 years ago by Cramster

1 answers and 1 views


Week One Exercise Assignment : Basic Accounting Equations Rhiannon Neufell ACC 205 - Principles of Accounting I Instructor Brent Beyer May 25, 2015 Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item. a.Amoutns paid to a mall for rent. (Expense, normal debit...

Answered 2 years ago by Ash

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A+ Grade Solution Ashford University ACC 205 Week 5 Final Paper – Walmart Corporation (New) Focus of the Final Paper Write a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and...

Answered 2 years ago by ajotatxe

1 answers and 5 views


_A+ Grade Solution_ ####**ACC 205 Week 5 Final Paper** Write a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Here is a breakdown of the sections within the body of the assignment: ...

Answered 2 years ago by ajotatxe

1 answers and 1 views


ACC 205 Week 1 P2-53B - Treasure Hunt Exploration Company ACC 205 Week 1 Treasure Hunt Exploration Company P2-53B - Treasure Hunt Exploration Company P2-53B Correcting errors in a trial balance [1525 min] The trial balance for Treasure Hunt Exploration Company does not balance. The following errors were detected: a. The cash balance is overstated by $1,000. b. Rent expense of $300 was erroneously posted as a credit rather than a debit. c. A $6,000 credit to Service revenue was not posted. d. A $500 debit to Accounts receivable was posted as $50. e. The...

Asked 2 years ago by symfony

0 answers and 2 views


ACC 205 Week 2 P4-25A Fugazy Investments P4-25A - Fugazy Investment Advisers P4-25A Preparing a worksheet, financial statements, and closing entries [50-60 min] The trial balance of Fugazy Investment Advisers at December 31, 2012, follows: Adjustment data at December 31, 2012: a. Unearned service revenue earned during the year, $500. b. Supplies on hand, $1,000. c. Depreciation for the year, $6,000. d. Accrued salary expense, $1,000. e. Accrued service revenue, $4,000. Requirements 1. Enter the account data in the Trial Balance columns of a...

Asked 2 years ago by symfony

0 answers and 5 views


**ACC 205 Week 2 E4-21 - Klein Photography** E4-21 - Klein Photography E4-21     Identifying and journalizing closing entries [10-15 min] The accountant for Klein Photography has posted adjusting entries (a)(e) to the following selected accounts at December 31, 2012. Requirements 1.    Journalize Klein Photography's closing entries at December 31, 2012. 2.    Determine Klein Photography's ending Klein, capital balance at December 31, 2012.

Answered 6 years ago by yoKev

1 answers and 558 views


**ACC 205 Week 2 P4-25A - Fugazy Investment Advisers** P4-25A - Fugazy Investment Advisers P4-25A         Preparing a worksheet, financial statements, and closing entries [50-60 min] The trial balance of Fugazy Investment Advisers at December 31, 2012, follows: Adjustment data at December 31, 2012: a.    Unearned service revenue earned during the year, $500. b.    Supplies on hand, $1,000. c.        Depreciation for the year, $6,000. d.    Accrued salary expense, $1,000. e.        Accrued service revenue, $4,000. Requirements 1.    Enter the...

Answered 5 years ago by moduloP

1 answers and 1.3k views


**ACC 205 Week 3 Ethical Issues 5-1 - Dobbs Wholesale Antiques** **Ethical Issue 5-1** Dobbs Wholesale Antiques makes all sales under terms of FOB shipping point. The company usually ships inventory to customers approximately one week after receiving the order. For orders received late in December, Kathy Dobbs, the owner, decides when to ship the goods. If profits are already at an acceptable level, Dobbs delays shipment until January. If profits for the current year are lagging behind expectations, Dobbs ships the goods during December. **Requirements** **1.** Under Dobbs FOB policy,...

Answered 4 years ago by JasonJones

2 answers and 1.1k views


Basic Accounting Equations ACC 205 Basic Accounting Equations 1. Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint. a. The inventory of boating supplies owned by the company. (A) b. Monthly rental charges paid for store space. (L) c. A loan owed to Citizens Bank.(L) d. New computer equipment purchased to handle daily record keeping.(A) e. Daily sales made to customers.(R) f. Amounts due from customers.(R) g....

Answered 2 years ago by solarc

1 answers and 0 views


ACC 205 Week 2 DQ Bank Reconciliation 1 Bank Reconciliation What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements? Analyze several of your peers' posts. Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance. Could these differences just be written off? Guided Response: A bank reconciliation reconciles the bank account balance per the books to the actual bank balance. Outstanding...

Answered 2 years ago by solarc

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ACC 205 Week 5 Exercise Assignment Financial Ratios Edison Stagg Thornton 1. Edison Stagg Thornton Cash 6,000 5,000 4,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Total Current Assets 12,800 13,300 13,800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Total Current Liabilities 3,600 3,600 3,600 Edison: Current ratio 12,800 / 3,600 Quick ration (6,000 3,000 ...

Answered 2 years ago by solarc

1 answers and 1 views


ACC 205 Cabela's Inc Financial Analysis ACC 205 Principles of Accounting I Cabela's, my favorite zoo/store, is a hunting and outdoor sporting retail store. The biggest amount of their sales comes from hunting and fishing equipment. The only real competitors for Cabela's is Dicks sporting goods or Academy but neither of them sale near as much hunting equipment as Cabela's. A financial statement analysis is designed to find the benefits and drawbacks of a company by using a balance sheet to build the common ground of a profit and loss account. Many methods are used to analyze...

Answered 2 years ago by hemsworth

1 answers and 0 views


Define the terms "debit" and "credit". Explain how debits and credits affect the following: assets, liabilities, owner's capital account, revenues and expenses. Respond to at least two of your classmates' postings. According to authors Horngren, Harrison, and Oliver (2012), "The left side of the account is called the Debit side, and the right side is called the credit side (2012, p. 67). Assets according to Horngren, Harrison, and Oliver are as follows: "increase in assets debit, and decrease in assets credit (2012, p. 68)." In addition the authors also state: "decrease in liabilities...

Answered 2 years ago by jacob

1 answers and 0 views


Week 5 Assignment ACC 205 Over the years modern accounting systems have changed for the better and the worse as well. The topic I picked to write of is, how have modern account systems made a difference in modern organizations? Before taking this course I was unsure of how accounting was used in businesses or the way it was formatted. I learned so much from taking this course as how to analysis transactions and use these format correctly. I have made Excel spreadsheets in other courses and for my personal use but they do not compare the assignment in this course. I have learned how...

Answered 2 years ago by jacob

1 answers and 3 views


Week 5 Assignment ACC 205 Over the years modern accounting systems have changed for the better and the worse as well. The topic I picked to write of is, how have modern account systems made a difference in modern organizations? Before taking this course I was unsure of how accounting was used in businesses or the way it was formatted. I learned so much from taking this course as how to analysis transactions and use these format correctly. I have made Excel spreadsheets in other courses and for my personal use but they do not compare the assignment in this course. I have learned how...

Answered 2 years ago by jacob

1 answers and 1 views


ACC 205 Week 3 Inventory Journal Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you believe this is the case?

Answered 2 years ago by Cramster

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Yesenia Hernandez Week Five Assignment Financial Ratios ACC 205 Professor- Rodisch 1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash 6,000 5,000 4,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Long-term liabilities 3,800 3,800 3,800 a....

Answered 2 years ago by Ash

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ACC 205 Week Five Exercise Assignment: Financial Ratios Questions 1 to 7 1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash 4,000 2,500 1,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Long-term...

Answered 2 years ago by Homework

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ACC 205 Week 2 DQ Complete the Accounting ACC205 Principles of Accounting I Horngren, C.T., Harrison W.T., Oliver M.S. (2011). Accounting (9th ed). Upper Saddle River, New Jersey: Pearson Prentice Hall: ISBN: 9780132569057 1st Posting Due by Day 3. Complete the Accounting Cycle. Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose.

Asked 2 years ago by symfony

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**ACC 205 Week 1 Treasure Hunt Exploration Company** P2-53B - Treasure Hunt Exploration Company P2-53B       Correcting errors in a trial balance [1525 min] The trial balance for Treasure Hunt Exploration Company does not balance. The following errors were detected: a.    The cash balance is overstated by $1,000. b. Rent expense of $300 was erroneously posted as a credit rather than a debit. c.     A $6,000 credit to Service revenue was not posted. d. A $500 debit to Accounts receivable was posted as $50. e.     The balance of Utilities expense is understated by...

Answered 5 years ago by yoKev

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**ACC 205 Week 2 Ethical Issues 3-1 - Steinback & Sons** Ethical Issue 3-1 - Steinbach & Sons Ethical Issue 3-1 The net income of Steinbach & Sons, a department store, decreased sharply during 2014. Mort Steinbach, manager of the store, anticipates the need for a bank loan in 2015. Late in 2014, Steinbach instructs the store's accountant to record a $2,000 sale of furniture to the Steinbach family, even though the goods will not be shipped from the manufacturer until January 2015. Steinbach also tells the accountant not to make the following December 31, 2014, adjusting entries:...

Answered 6 years ago by moduloP

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**ACC 205 Week 2 DQ2 - Complete the Accounting Cycle** ACC205 Principles of Accounting I Horngren, C.T., Harrison W.T., Oliver M.S. (2011). Accounting (9th ed). Upper Saddle River, New Jersey: Pearson Prentice Hall: ISBN: 9780132569057 1st Posting Due by Day 3. Complete the Accounting Cycle. Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose.

Answered 6 years ago by maddy

1 answers and 948 views


**ACC 205 Week 4 hho9e\_P7\_31A\_ep\_inst** Accounting, 9e                         P7-31A    Accounting for petty cash transactions                     LO 9 [20-30 minutes]                         Students please fill-in areas that are shaded                 Student Name                         Course Name                         Student ID:                         Date:                         Suppose that on June 1, Rockin Gyrations, a...

Answered 6 years ago by JasonJones

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Acc 205 Week 5 Final Modern Accounting Modern Accounting ACC 205 Modern Accounting Over the years modern accounting systems have changed for the better and the worse as well. The topic is, how have modern accounting systems made a difference in modern organizations? Before taking this course, it was unclear how accounting was used in businesses or the way it was formatted. Learning so much from taking this course, as how to analysis transactions and use these format correctly. I have used Excel spreadsheets in other courses and for my personal use but they do not compare...

Answered 2 years ago by solarc

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Cabela's Inc. Financial Analysis ACC 205 Principles of Accounting I Cabela's, my favorite zoo/store, is a hunting and outdoor sporting retail store. The biggest amount of their sales comes from hunting and fishing equipment. The only real competitors for Cabela's is Dicks sporting goods or Academy but neither of them sale near as much hunting equipment as Cabela's. A financial statement analysis is designed to find the benefits and drawbacks of a company by using a balance sheet to build the common ground of a profit and loss account. Many methods are used to analyze financial...

Answered 2 years ago by hemsworth

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ACC 205 Week 3 Assignment Decision Case 1 ACC205: Principles of Accounting 1 Week 3: Assignment: Decision Case 1 Chapter 6, page 344, Decision Case 1: Assume you are opening a Bed Bath & Beyond store. To Finance the business, you need a 500,000 loan, and your banker requires a set of forecasted financial statements. Assume you are preparing the statements and must make some decisions about how to do the accounting for the business. Answer the following questions (refer back to Chapter 5 if necessary). 1: Which type of inventory system will you use? Give your reason. (p....

Answered 2 years ago by hemsworth

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Week 2 Assignment ACC 205 Week Two Problems Chapter 3, P3-32A Dr. Payroll Expense 7000 Cr. Cash 7000 Chapter 3, P3-33A Dr. Accounts Receivable 800 Cr. Service Revenue 800 Dr. Supplies Expense 1400 Cr. Supplies 1400 Dr. Insurance Expense 600 Cr. Prepaid Insurance 600 Dr. Depreciation Expense 4400 Cr. Accumulated Depreciation 4400 Dr. Salary Expense 300 Cr. Salary Payable 300 Chapter 4, E4-21 Dr. Service Revenue 110000 Cr. Income Summary 110000 Dr. Income Summary 35500 Cr. Salary Expense 26100 Cr. Supplies Expense 2400 Cr. Depreciation...

Answered 2 years ago by jacob

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ACC 205 Week Two Exercise Assignment Revenue and Expenses 1350 Words 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company's fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing. a. Amounts paid on June 30 for a 1-year insurance policy b. Professional fees earned but not billed as of June 30 c. Repairs to the firm's copy machine,...

Answered 2 years ago by Cramster

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Week Two Exercise Assignment : Revenue and Expenses Rhiannon Neufell ACC 205 - Principles of Accounting I Instructor Brent Beyer May 31, 2015 Week Two Exercise Assignment Revenue and Expense 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company's fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing. a.Interest owed on the company's...

Answered 2 years ago by Ash

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ACC 205 Week 4 Journal: Future Obligation The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. Reflecting on your current financial situation, apply the concept of current liabilities. What does this analysis tell you about your future obligations? What did you learn from this experience? The current liability section of the Balance Sheet has the following current liabilities: Accounts payables. Accrued Expenses. Notes Payable/Short Term Debt. Current Portion of Long term Debt/Capital Leases. Other Current...

Answered 2 years ago by Homework

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Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: Time Spent: 1 h , 01 min , 18 secs Points Received: 10 / 10 (100%) Question Type: # Of Questions: # Correct: True/False 1 1 Multiple Choice 9 9 Grade Details 1. Question : A business purchases equipment for cash in the amount of 8,000. Which account is credited? Student Answer: Cash Accounts payable Utilities expense Equipment Points Received: 1 of 1 Comments: 2. Question : By...

Answered 2 years ago by wisdomrays

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**ACC 205 Week 3 DQ2 - Merchandise Inventory** ACC205 Principles of Accounting I Horngren, C.T., Harrison W.T., Oliver M.S. (2011). Accounting (9th ed). Upper Saddle River, New Jersey: Pearson Prentice Hall: ISBN: 9780132569057 Merchandise Inventory. Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method?

Answered 6 years ago by baptiste

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**ACC 205 Week 5 DQ2** Week 5 DQ2 Current Liabilities and Payroll - ACC205 Principles of Accounting I AU Current Liabilities and Payroll. There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated?

Answered 2 years ago by

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ACC 205 Principles of Accounting I Analysis of True Religion Apparel Inc. Analysis of True Religion Apparel Inc. ACC 205 Principles of Accounting I I choose to discuss True Religion Apparel, Inc. because they manufacture a brand of jeans that I like. I do not buy these jeans because they do not fit me well and they are out of my price range. At the present time I am more interested in investing in real estate than in jeans because I have found it to be more lucrative. However, True Religion is a healthy, thriving company whose stock appears to be a good investment. True Religion...

Answered 2 years ago by solarc

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ACC 205 Week 2 DQ Accounting Cycle Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies, one a manufacturing company, the other a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not? The Accounting Cycle Accounting Cycle Description Paper The payroll processing cycle is very time consuming and tedious when done manually. Therefore, the 'Mom and Pop's Grocery Store' has elected to...

Answered 2 years ago by solarc

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ACC 205 Week 3 DQ LIFO vs. FIFO Fifo and Lifo FIFO and LIFO Accounting Implications of Valuing Inventory under FIFO and LIFO LIFO and FIFO Inventory Accounting Methods The two most common methods of inventory accounting are Last-in-first-out (LIFO), and first-in -first out (FIFO), choosing the correct method of inventory accounting could be detrimental to the income statement and the statement of cash flow, and also it would affect the balance sheet of the company. For a company, it is imperative that they track their inventories and cost of goods sold. Both of these methods...

Answered 2 years ago by solarc

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Week 3: Assignment: Decision Case 1 Darlene Solano ACC205: Principles of Accounting 1 Instructor Robert Carr October 7, 2010 Week 3: Assignment: Decision Case 1 Chapter 6, page 344, Decision Case 1: Assume you are opening a Bed Bath & Beyond store. To Finance the business, you need a 500,000 loan, and your banker requires a set of forecasted financial statements. Assume you are preparing the statements and must make some decisions about how to do the accounting for the business. Answer the following questions (refer back to Chapter 5 if necessary). 1: Which type of inventory...

Answered 2 years ago by Ash

1 answers and 1 views


ACC 205 Week 2 DQ 1 Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?

Answered 2 years ago by Cramster

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"Week 5 Assignment" Theresa M. Odom ACC 205 Brent Beyer November 15, 2014 Week 5 Assignment 1. Liquidity Ratios Current Ratio Current Assets / Current Liabilities Edison Stagg Thornton Quick Ratio (Cash Accounts Receivable) / Current Liabilities Edison Stagg Thornton Edison is the firm most liquid of the three, since it has the highest quick ratio. The quick ratio provides a more rigorous assessment of a company's ability to pay current liabilities. 2. Computation and evaluation of activity ratios Accounts-Receivable-Turnover Ratio Net Credit Sales /...

Answered 2 years ago by Ash

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ACC 205 Week 2 Discussion 1: Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?

Answered 2 years ago by Homework

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ACC 205 Week 1 Balance Sheet Journal Balance Sheet Ratios Balance sheet ratios The important ratios that arise from the Balance Sheet include working capital, liquidity, net worth, debtors turnover, return on assets and return on investment. Working capital ratio This ratio is also known as "the current ratio", and is one of the best-known measures of financial strength. The main question this ratio addresses is: "Does your business have enough current assets to meet the payment schedule of its current debts with a margin of safety for possible losses in current assets, such as...

Answered 2 years ago by solarc

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Basic Accounting Equations ACC 205 Basic Accounting equations 1. Basic Concepts: Identification of assets(A), liability(L), revenue(R), or expense(E) a. A b. E c. L d. A e. R f. A g. A h. E 2. Analysis of transactions AssetsLiabilities Owner's Equity a. Total assets "-5,000" Owner's Equity "-5,000" b. Total assets "" Liabilities "" c. Total assets "" Owner's Equity "" d. Total assets "-" Owner's Equity "-" e. Total assets "22,000" Liability "22,000" f. Total assets "11,000" Owner's Equity "11,000" g. Total assets "-" Liabilities "-" h. Total assets...

Answered 2 years ago by solarc

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ACC 205 Week 4 DQ Current Liability Current Liabilities . What is a "Current Liabilities"? What is a liability? Probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or to provide services to other entities in the future as a result of past transactions or events. ? FASB Statement of Financial Accounting Concepts No. 6, "Elements of Financial Statements" Current liabilities are: Obligations whose liquidation is reasonably expected to require the use of current assets or the creation of other current liabilities. ?...

Answered 2 years ago by solarc

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ACC 205 Week 1 DQ 1 DQ 1: As you have learned in this week's readings the Accounting Equation is Assets Liabilities Owners' Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.

Answered 2 years ago by Cramster

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Yesenia Hernandez Week Two Assignment Revenues and Expenses ACC 205 Professor- Rodisch 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company's fiscal year ends on June 30. Consider the following items and classify each as either: (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing. aInterest owed on the company's bank loan, to be paid in early July - Prepaid Expense bProfessional fees earned but not billed as of June...

Answered 2 years ago by Ash

1 answers and 4 views


ACC 205 Week 3, Inventory Journal Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you believe this is the case?

Answered 2 years ago by Homework

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**ACC 205 Week 2 P3-32A - Laughter Landscaping** P3-32A - Laughter Landscaping P3-32A      Journalizing adjusting entries [1525 min] Laughter Landscaping has the following independent cases at the end of the year on December 31, 2014. a.    Each Friday, Laughter pays employees for the current week's work. The amount of the weekly payroll is $7,000 for a five-day workweek. This year December 31 falls on a Wednesday. a.    Details of Prepaid insurance are shown in the account: Laughter prepays a full year's insurance each year on January 1. Record insurance expense for the...

Answered 6 years ago by baptiste

1 answers and 889 views


ACC 205 Week 5 Final paper Financial Statement Analysis Acer Inc Acer Incorporated Financial Statement Analysis Project ACC 205 Week 5 Final Paper (Financial Statement anlaysis) Focus of the Final Paper Write a five toseven page financial statement analysis of apublic company, and formatted according to APAstyle as outlined in the Ashford Writing this analysisyou will discuss the financialhealth of thiscompany with theultimate goal of making a recommendation to other paper shouldconsist ofthe following sections: introduction,company overview, horizontal analysis, ratio...

Answered 2 years ago by solarc

1 answers and 2 views


ACC 205 Week 5 Final paper Wal-Mart Financial Statement Analysis ACC 205 Week 5 Final Paper (Financial Statement anlaysis) Focus of the Final Paper Write a five toseven page financial statement analysis of apublic company, and formatted according to APAstyle as outlined in the Ashford Writing this analysisyou will discuss the financialhealth of thiscompany with theultimate goal of making a recommendation to other paper shouldconsist ofthe following sections: introduction,company overview, horizontal analysis, ratio analysis,final recommendation,and is a breakdown of the sections...

Answered 2 years ago by solarc

1 answers and 4 views


ACC 205 Week 5 Final paper Wal-Mart Financial Statement Analysis ACC 205 Week 5 Final Paper (Financial Statement anlaysis) Focus of the Final Paper Write a five toseven page financial statement analysis of apublic company, and formatted according to APAstyle as outlined in the Ashford Writing this analysisyou will discuss the financialhealth of thiscompany with theultimate goal of making a recommendation to other paper shouldconsist ofthe following sections: introduction,company overview, horizontal analysis, ratio analysis,final recommendation,and is a breakdown of the sections...

Answered 2 years ago by solarc

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Week 1 Problems and Cases P1-42, Page 44 Transactions Cash Assets Equipment Assets Accounts Receivable Supplies Liabilities (Accounts Payable ) C. Redmon Capital Revenues - Expenses 1 10,000 10,000 2 -500 -500 3 - 2,000 2,000 4 3600 3600 5 300 300 6 1700 1700 7 8 -200 -200 9 800 800 T 8100 5600 1700 300 3900 10,000 2500 - 700 Redmon Consulting Income Statement For the Month Ended December 31, 2007 Revenue ...

Answered 2 years ago by hemsworth

1 answers and 1 views


ACC 205 Week 5 Final Paper Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as references. Here...

Answered 2 years ago by hemsworth

1 answers and 38 views


Week 4 Assignment ACC 205 P7-31A Part 1 : Before replenishment, petty cash fund should hold cash of 330(500-170) Part 2 : Journal Entry Date Accounts and Explanations Debit Credit June 1 Petty cash 500 Cash in bank 500 ...

Answered 2 years ago by jacob

1 answers and 19 views


From Chapter 7, Fraud Case 7-1. Complete all parts of the case and respond to at least two of your classmates' postings. What was the key control weakness in this case? There did not appear to be any internal or external monitoring control procedures in place. If the Levon Helm had set up internal control procedures such as audits, and separation of duties, he might have had more insight into what his accountant was doing. Just because Cindy Paterson was a trusted old family friend, does not make Levon Helm less responsible for overseeing his profits and expenditures. The least he...

Answered 2 years ago by jacob

1 answers and 4 views


ACC 205 Week 1 Journal Balance Sheet Journal The balance sheet is a financial snap shot of a company at a particular point in time. The balance sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the balance sheet? What did you learn from this reflection? Answer: In my personal life I can maintain the balance sheet. This balance sheet gives me a snap shot of all my assets and liabilities that I have. Assets which I can invest to generate more cash and liabilities that I needed to pay. Like...

Answered 2 years ago by Cramster

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ACC 205 Week 2 DQ 2 Bank Reconciliation What is the purpose of bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements? Analyze several of your peers' posts. Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance. Could these differences just be written off?

Answered 2 years ago by Cramster

1 answers and 1 views


ACC 205 Week Four Exercise Assignment Liability 1. Payroll accounting: a. The entry to record Brookhaven's February payroll: Brookhaven Publishing Journal Entry For the month February Date Particulars Debit () Credit () 2/28 Salaries Expense Dr. Social Security Taxes Payable Cr. Medicare TaxesPayable Cr. Federal Income Taxes WithholdingsPayableCr. State Income Taxes PayableCr. Insurance Withholdings PayableCr. Cash A/C Cr. 50,000 3,000 750 7,500 2,500 500 35,750 b. The journal entry to record Brookhaven's payroll tax expense: Brookhaven...

Answered 2 years ago by Cramster

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ACC 205 Complete Course ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance ACC 205 Week 1 DQ 1 Ethical Issues ACC 205 Week 1 DQ 2 Debit and Credit ACC 205 Week 2 Assignment P3-32A, P3-33A, E4-21, P4-25A ACC 205 Week 2 DQ 1 Ethical Issue 3-1 ACC 205 Week 2 DQ 2 Adjusting Entries ACC 205 Week 3 Assignment E5-16 ,E6-23 ,E6-28, P5-29A ACC 205 Week 3 DQ 1 Ethical Issue 5-1 ACC 205 Week 3 DQ 2 FIFO and LIFO ACC 205 Week 4 Assignment P7-31A, P8-32A, P8-26A, P8-27A, P7-27A ACC 205 Week 4 DQ 1 Fraud Case 7-1 ACC 205 Week...

Answered 2 years ago by jacob

1 answers and 1 views


ACC 205 Week Two Exercise Assignment 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company's fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing. a. Amounts paid on June 30 for a 1-year insurance policy b. Professional fees earned but not billed as of June 30 c. Repairs to the firm's copy machine, incurred and paid in June d. An advance...

Answered 2 years ago by Homework

1 answers and 0 views


ACC 205 Week 3 Discussion Question 1: LIFO method to the FIFO Method. The controller's bonus is based on the next income. It is the controller's belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods? LIFO or Last In First Out is an accounting method where the company sells the item which is purchase later. This means the inventories purchased earlier are sold later and the inventories purchased later are sold earlier. FIFO or Fast In First Out is an accounting method where...

Answered 2 years ago by Homework

1 answers and 1 views


ACC 205 Week 1 DQ Recording Business Transactions Week 1 DQ2 Recording Business Transactions Recording Business Transactions. Define the terms debit and credit. Explain how debits and credits affect the following: assets, liabilities, owners capital account, revenues and expenses.

Asked 2 years ago by symfony

0 answers and 1 views


ACC 205 Week 4 P7-27A P7-27A Preparing a bank reconciliation and journal entries [2025 min] The December cash records of Dunlap Insurance follow: Dunlap's Cash account shows a balance of $16,740 at December 31. On December 31, Dunlap Insurance received the following bank statement: Additional data for the bank reconciliation follows: a. The EFT credit was a receipt of rent. The EFT debit was an insurance payment. b. The NSF check was received from a customer. c. The $1,400 bank collection was for a note receivable. d. The correct amount of check 1419 for rent...

Asked 2 years ago by symfony

0 answers and 28 views


**ACC 205 Week 1 DQ2 Recording Business Transactions** Week 1 DQ2 Recording Business Transactions Recording Business Transactions. Define the terms debit and credit. Explain how debits and credits affect the following: assets, liabilities, owners capital account, revenues and expenses.

Answered 6 years ago by lancer

1 answers and 489 views


**ACC 205 Week 2 P3-33A - Galant Theatre Production Company** P3-33A - Galant Theater Production Company P3-33A      Analyzing and journalizing adjustments [1520 min] Galant Theater Production Company unadjusted and adjusted trial balances at December 31, 2012, follow. Requirement 1.    Journalize the adjusting entries that account for the differences between the two trial balances.

Answered 4 years ago by moduloP

1 answers and 288 views


**ACC 205 Week 4 P7-27A** P7-27A      Preparing a bank reconciliation and journal entries [2025 min] The December cash records of Dunlap Insurance follow: Dunlap's Cash account shows a balance of $16,740 at December 31. On December 31, Dunlap Insurance received the following bank statement: Additional data for the bank reconciliation follows: a.    The EFT credit was a receipt of rent. The EFT debit was an insurance payment. b.    The NSF check was received from a customer. c.    The $1,400 bank collection was for a note receivable. d.    The correct amount of...

Answered 5 years ago by maddy

1 answers and 358 views


ACC 205 Week 5 Final Paper (Financial Statement anlaysis) Focus of the Final Paper Write a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Here is a breakdown of the sections within...

Answered 2 years ago by solarc

1 answers and 0 views


Analysis of True Religion Apparel Inc. Analysis of True Religion Apparel Inc. ACC 205 Principles of Accounting I I choose to discuss True Religion Apparel, Inc. because they manufacture a brand of jeans that I like. I do not buy these jeans because they do not fit me well and they are out of my price range. At the present time I am more interested in investing in real estate than in jeans because I have found it to be more lucrative. However, True Religion is a healthy, thriving company whose stock appears to be a good investment. True Religion Apparel, Inc. is a publicly traded...

Answered 2 years ago by solarc

1 answers and 2 views


Wal-Mart Analysis ACC 205 Week 5 Final Paper Financial Analysis of Wal-Mart Focus of the Final Paper Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a...

Answered 2 years ago by solarc

1 answers and 0 views


ACC 205 Final Paper -Wal-Mart Analysis Focus of the Final Paper Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in...

Answered 2 years ago by solarc

1 answers and 0 views


ACC 205 Final Paper-Google Inc financial statement analysis of a public company Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly...

Answered 2 years ago by solarc

1 answers and 3 views


ACC 205 Financial Analysis of Wal-Mart Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as...

Answered 2 years ago by hemsworth

1 answers and 1 views


ACC 205 Financial Analysis of Wal-Mart Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as...

Answered 2 years ago by hemsworth

1 answers and 0 views


Complete 1-12 (p. 25). Remember to complete all parts of the problems. Do not forget to show the necessary steps and explain how you attained that outcome. Spacecraft, Inc., is a large corporation that is audited regularly by a public accounting firm but also maintains an internal auditing staff. Explain briefly how the relationship of the public accounting firm to Spacecraft differs from the relationship of the internal auditing staff to Spacecraft. The main goal of internal auditors is to examine and evaluate the efficiency of business operations within the organization which they...

Answered 2 years ago by hemsworth

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ACC 205 Week 5 Final Paper Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as references. Here...

Answered 2 years ago by hemsworth

1 answers and 1 views


ACC 205 Week 2 Journal Income Statement Journal The income statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the income statement? What did you learn from this experience?

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ACC 205 Week 3 DQ 1 DQ controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller??s bonus is based on the next income. It is the controller??s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?

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ACC 205 Week 3 DQ 2 A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for 100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?

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ACC 205 Week Three Exercise Assignment 1. Specific identification method: a. Cost of goods sold (11,000 4,000) 15,000. b. Gross profit (35,000 - 15,000) 20,000. c. Ending inventory (21,800 31,200) 53,000. 2. Inventory valuation methods: Particulars FIFO LIFO Weighted Average Goods available for sale 82,800 82,800 82,800 Calculation: {(300 * 40) (700 * 44) (800 * 50)} {(300 * 40) (700 * 44) (800 * 50)} {(300 * 40) (700 * 44) (800 * 50)} Ending inventory, March 31 20,000 16,400 18,400 Calculation: (400 * 50) {(300 * 40) (100 * 44)} (400 *...

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ACC 205 Week 4 Journal The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. Reflecting on your current financial situation, apply the concept of current liabilities. What does this analysis tell you about your future obligations? What did you learn from this experience?

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ACC 205 Week 5 DQ 1 What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability. Answer: Current Liability is a liability which will be paid within a year. This liability is generated from the day to day operation of a business. Current liability...

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ACC 205 Week 4 DQ 2 A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client.

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ACC 205 Week 5 DQ 1 Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company?

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ACC 205 Week 5 DQ 2 Profit Margin Year Ending December 2012 Year Ending December 2011 Year Ending December 2010 Revenues 40,000 35,000 33,000 Operating Expenses Salaries 15,000 10,000 9,000 Maintenance and Repairs 6,000 9,000 10,000 Rental Expense 2,500 2,500 2,500 Depreciation 2,000 2,000 2,000 Fuel 4,000 3,500 2,500 Total Operating Expenses 29,500 27,000 26,000 Operating Income 10,500 8,000 7,000 Sales and Administrative Expenses 6,000 4,000 3,000 Interest Expense 2,500 2,000 1,000 Net Income 2,000 2,000 3,000 Above is a...

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ACC 205 Week 5 Most Important Ratio Journal Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross margin and net margin) presented this you were considering investing in a company what ratio would be the most important to you?Formulate and argument to defend your position.

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A Comprehensive Financial Statement Analysis on Google Inc. ACC 205 Final Paper (Google) 1800 Words Introduction The information from Financial statements is used widely by both external and internal users, including investors, creditors, managers, and executives. These users must analyze the information in order to make business decisions and making right decision about the investment opportunities in a company, so understanding financial statements is of great importance. Several methods of performing financial statement analysis exist. This paper is primarily aimed to provide a...

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ACC 205 Final Paper - Boeing 2000 Words Company Overview Company at a glance: Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. The company supports airlines and U.S. and allied government customers in 150 countries. The company has corporate offices in Chicago. More than 170,000 people across the United States and in 70 countries are employed by Boeing. More than 140,000 employees hold college degrees -- including nearly 35,000 advanced degrees -- in virtually every business and technical...

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ACC 205 Final Paper Microsoft 1750 Words Executive Summary Microsoft is the world's largest software maker and has a mission of enabling people and businesses throughout the world to realize their full potential. Products include operating systems for PCs, servers, phones etc. devices; server applications; productivity applications; business solution applications; software development tools; video games. The industry nature is dynamic and severely competitive, and characterized by frequent technologies and business model changes. With its strong liquidity and lower leverage,...

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ACC 205 Week 2 Discussion 2: Bank Reconciliation What is the purpose of bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements? Analyze several of your peers' posts. Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance. Could these differences just be written off?

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ACC 205 Week 4 Exercise Assignment, Liability Questions 1, 2 and 3 1. Payroll accounting: Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: Social Security taxes: 6% on the first 55,000 earned Medicare taxes: 1.5% on the first 130,000 earned Federal income taxes withheld from wages: 7,500 State income taxes: 5% of gross earnings Insurance withholdings: 1% of gross earnings State unemployment taxes: 5.4% on the first 7,000 earned Federal unemployment taxes: 0.8% on the first 7,000 earned The company incurred a salary...

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ACC 205 Week 2 Journal: Income Statement The income statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the income statement? What did you learn from this experience? Yes, the principles of the income statement are applicable to my personal financial statement. The income statement of a company involves with measuring all income and expense of the firm and based upon these figures calculating the net income for the firm. This income...

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ACC 205 Week 3 Discussion Question 2: Depreciation A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for 100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?

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ACC 205 Week 3, Journal: Hershey Company In at least one paragraph, describe the costing system that you would recommend Hershey use to account for its cost of goods sold and why. Include a few product costs you think would be traceable, which costs should be allocated, and how Hershey should account and apply the manufacturing overhead costs.

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ACC 205 Final Paper -Wal-Mart Analysis Focus of the Final Paper Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in...

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Wal-Mart Analysis ACC 205 Financial Statement Analysis Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the...

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Wal-Mart Analysis ACC 205 Financial Statement Analysis Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the...

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ACC 205 Week Three Exercise Assignment Inventory 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods 11,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of 35,000. Determine the firm's a. cost of goods sold. b. gross profit. c. ending inventory. 2. Inventory valuation methods: basic...

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ACC 205 Final Paper ACC 205 Final Paper Write a five-to seven-page financial statement analysis of a public company introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions, In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly...

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ACC 205 Week 2 Quiz

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ACC 205 Week 3 Quiz

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ACC 205 Week 1 Quiz

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**ACC 205 Week 2 Quiz**

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**ACC 205 Week 3 Quiz** ** **

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ACC 205 Week 4 Quiz

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ACC 205 Week 4 DQ Client Recommendations Client Recommendation Human Service Managers work with a variety of people with a variety of issues and problems. It is the job of the Human Service Manager to assist their clinicians if for some reason they are lacking the experience to deal with their clients. In this paper, we will be dealing with three different scenarios and it is the job of the Human Service Manager to help modify these situations for renovation. The approaches that will be utilized in the handling of these situations are reinforce, refer, and release. Reinforce is...

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ACC 205 Week 5 Final Paper Boeing Boeing Financial Analysis Boeing Boeing (stock symbol BA) is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems (Morningstar 2013).I will be looking at whether or not this companies stock should be a bought or sold, with analysis of the Liquidity, Profitability, and Solvency of the company over a three year period 2009-2011. The company's principle clients are the U.S. government and commercial airlines. Unlike Lockheed, one of its largest and closest competitors,...

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ACC 205 Week 5 Final Paper Fossil Inc. Fossil Inc. Financial Statement Analysis FOSSIL INC. FINANCIAL STATEMENT ANALYSIS PART 1 Table of Contents6 Introduction 1 Chosen Policies and Quality of Numbers 1 Part 1: Overview of Balance Sheet 1 1.1 Major types of assets and unusual amounts of components 1 1.2 Major types of liabilities and unusual amounts of components 2 1.3 Major types of Equities and unusual amounts of components 2 Part 2: Overview of the Income Statement 3 2.1 Major sources of revenues, expenses, gains and losses 3 2.2 Unique Items for Income...

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ACC 205 Week 5 Final Paper Microsoft Corporation Microsoft Financial Statement Analysis Microsoft Financial Statement Analysis Table of Contents Introduction 3 Deferred Taxes 4 Temporary/Permanent Differences 5 Tax Provisions 5 Defined Retirement Plans 6 EPS (Earnings per Share) 6 Share-Based Compensation????????????????????????????????????????????.7 Cash Flow??????????????????????????????????????????????????????..7 Investing and Financing ?????????????????????????????????????????????..7 Non-Cash...

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ACC 205 Week Three Exercise Assignment 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods 21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of 35,000. Determine the firm's a. cost of goods sold: 21,000 4,000 25,000 b. gross profit: 35,000 - 25,000 10, 000 c. ending inventory: 21,800 31,200 53,000 2. Inventory...

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ACC 205 Week Five Assignment Answers(6 questions) Financial Ratios , Stagg, and Thornton and evaluation of activity ratios. The following data relate to Alaska Products, Inc Relay has both preferred analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 6. Ratio computation. The financial statements of the Lone Pine Company follow. Req.1 Current Ratio ...

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ACC 205 Week 1 DQ 1 Ethical Issues

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ACC 205 Week 2 DQ 1 Ethical Issue 3 1

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ACC 205 Week 3 DQ 1 Ethical Issue 5-1

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Week 5 Assignment ACC 205 P10-18A REQ 1 Employee Louis Welch For the Year Ended December 31, 2010 Gross pay: Salary earning (6200*12) 74,000 Bonus (74,000 * .10) 7,440 Total gross pay 81,840 Deductions: Federal income tax [(850 * 12) 924] 11,124 FICA tax (81,840 * .0765) 6,261 State income tax [(70 * 12) 40] 880 Charity Fund contribution (81,840 * .01) 818.4 Life...

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ACC 205 Week 5 DQ 1 Fraud Case 9-1

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"Week 3 Assignment" Theresa M. Odom ACC 205 Brent Beyer November 2, 2014 Week 3 Assignment 1. Specific identification method. a. Cost of goods sold Moon4,000 Woods21,000 25,000 b. Gross profit Sales35,000 Cost of goods sold-25,000 10,000 c. Ending Inventory Total available for sale78,000 Cost of goods sold-25,000 53,000 2. Inventory valuation methods: basic computations. FIFO LIFO Weighted Average Goods Available for Sale 82,800 82,800 82,800 Ending Inventory 20,000 16,400 18,400 Cost of Goods Sold 62,800 66,400 64,400 Goods...

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"Financial Statement Analysis - General Electric" Theresa M. Odom ACC 205 Brent Beyer November 17, 2014 Table of Contents Introduction4 A financial statement analysis, or financial analysis, gives a clear outlook of the performance of an organization. This is the process of reviewing and analyzing organizations financial statements, which include the income statement, balance sheet, and statement of cash flows. An analysis evaluates and compares present and past performance in order for management, investors and others to have assistance in making important decisions. This...

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Yesenia Hernandez Week Three Assignment Inventory ACC 205 Professor- Rodisch 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods 21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of 35,000. Determine the firm's a. cost of goods sold....

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ACC 205 Week 4 Discussion Question 1: Current Liability What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability. Current Liability is a liability which will be paid within a year. This liability is generated from the day to day operation...

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ACC 205 Week 4 Discussion Question 2: Client Recommendations A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client. Sole Proprietorship The advantages of Sole Proprietorship are as follows:...

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ACC 205 Week 5 Discussion Question 1 Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company? Ratio Analysis is the basic tool of financial Statement and company analysis. Ratio analysis helps to judge the financial strength of a company. Ratios indicate the current trend and future prospect of a company. Ratios facilitate to determine the earning capacity, future obligation payment capacity, financial...

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ACC 205 Week 5, Discussion Question 2 Profit Margin Year Ending December 2012 Year Ending December 2011 Year Ending December 2010 Revenues 40,000 35,000 33,000 Operating Expenses Salaries 15,000 10,000 9,000 Maintenance and Repairs 6,000 9,000 10,000 Rental Expense 2,500 2,500 2,500 Depreciation 2,000 2,000 2,000 Fuel 4,000 3,500 2,500 Total Operating Expenses 29,500 27,000 26,000 Operating Income 10,500 8,000 7,000 Sales and Administrative Expenses 6,000 4,000 3,000 Interest Expense 2,500 2,000 1,000 Net...

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ACC 205 Week 5 Final Paper: Boeing (1950 Words, 05 References, APA Format) Topics Covered Company at a Glance: Industry: Products and Services: Competitors of Boeing: Horizontal Analysis: Liquidity Ratio Analysis: Recommendation: References: Company Overview Company at a Glance:

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ACC 205 Week 5 Final Paper A Comprehensive Financial Statement Analysis - Google Inc. (1700 Words, 05 References, APA Format) Introduction Company Overview Horizontal Analysis Ratio Analysis Recommendation References Introduction The information from Financial statements is used widely by both external and internal users, including investors, creditors, managers, and executives. These users must analyze the information in order to make business decisions and making right decision about the investment opportunities in a company, so understanding financial statements is of...

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ACC 205 Week 5 Final Paper - Microsoft (1700 Words, 04 References, APA Format Some Topics Covered Executive Summary Brief Overview Horizontal Analysis Financial Condition of the Company Risks of the Firm Conclusion References Executive Summary Microsoft is the world's largest software maker and has a mission of enabling people and businesses throughout the world to realize their full potential. Products include operating systems for PCs, servers, phones etc. devices; server applications; productivity applications; business solution applications; software development tools;...

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ACC 205 Week 1 Balance Sheet Journal Balance Sheet Journal The balance sheet is a financial snap shot of a company at a particular point in time. The balance sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the balance sheet? What did you learn from this reflection?

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ACC 205 Week Three Exercise Assignment (Questions 1 to 7) 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods 11,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of 35,000. Determine the firm's a. cost of goods sold. b. gross profit. c. ending inventory. Specific identification method: a. Cost of...

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Wal-Mart Analysis ACC 205 Financial Statement Analysis Financial Analysis of Wal-Mart Abstract The purpose is to present the financial analysis of Wal-Mart Stores Inc. To analyze the financial position data for the year ended Jan 2012 and Jan 2011 has been used. For this purpose the horizontal and ratio analysis techniques have been used. Company Overview WMT is the symbol of Wal-Mart listed in NYSE in 1972. However, it was founded in 1962 by Sam Walton. It is the largest company in the discount variety store sector; it has around more than 8000 stores. Its total revenue stood...

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Wal-Mart Analysis ACC 205 Financial Statement Analysis Financial Analysis of Wal-Mart Abstract The purpose is to present the financial analysis of Wal-Mart Stores Inc. To analyze the financial position data for the year ended Jan 2012 and Jan 2011 has been used. For this purpose the horizontal and ratio analysis techniques have been used. Company Overview WMT is the symbol of Wal-Mart listed in NYSE in 1972. However, it was founded in 1962 by Sam Walton. It is the largest company in the discount variety store sector; it has around more than 8000 stores. Its total revenue stood...

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A+ Grade Solution Ashford University ACC 205 Week 4 DQ 2 Client Recommendations (New) A client comes to you thinking about starting a consulting business. Specifically your client is interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client. Let at least two of your peers posts know...

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ACC 205 Boeing Financial Statement Analysis BOEING FINANCIAL STATEMENT ANALYSIS Boeing is the world's leading aerospace company and is one of the largest US exporters in terms of sales. Boeing provides products and services to customers in 150 countries. Boeing is best recognized for its commercial jetliners and defense, space and security systems. Boeing is the world's second chief weapons manufacturer and the main contractor for NASA. The Boeing Company functions in four principal segments: Commercial Jetliners, Military Aircraft and Missile Systems, Space and Communications...

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Ratio Dalia Morales ACC 205 James Christopher Feb 21, 2013 This week we have learned that computed financial ratios provide an investor a picture of a company's overall efficiency and performance. As a potential investor in a company, my concerns are how a company will use my equity that I place in their care by purchasing shares of stock. Based on our readings, we see that the return-on-equity (ROE) ratio evaluates how well the company effectively manages the shareholders equity. As a potential investor, I would like to research the company's investment performance before...

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ACC 205 WEEK 5 Financial Analysis - GE Students Name: Course Name: Course Number: Instructors Name: Date: Contents Introduction 3 About the company 3 Ratio Analysis 4 Horizontal Analysis 5 Liquidity Ratio 6 Industry / Competitor Analysis 6 Financial Strength & Weakness of GE 7 Conclusion 8 References 9 Richard A. Brealey, Stewart C. Myers, Alan J. Marcus, (2003), Fundamentals of Corporate Finance, 4e 9 Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, (2008), Fundamentals of Corporate Finance: Standard Edition, Eighth Edition 9 Introduction Financial...

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**ACC 205 Week 3 E-16** E5-16      Computing inventory and cost of goods sold amounts [1015 min] Consider the following incomplete table of merchandiser's profit data: Sales    Sales Discounts    Net Sales    Cost of Goods Sold    Gross Profit $   89,500    $   1,560    $   87,940    $   60,200    (a) 103,600    (b)    99,220    (c)    $   34,020 66,200    2,000    (d)    40,500    (e) (f)    2,980    (g)    75,800    36,720 Requirement 1.    Calculate the missing table values to complete the table.

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**ACC 205 Week 3 E6-23 - JR Tire Store** E6-23      Comparing cost of goods sold in a perpetual systemFIFO, LIFO, and average-cost methods [1520 min] Assume that a JR Tire Store completed the following perpetual inventory transactions for a line of tires: Beginning inventory     16 tires @ $ 65 Purchase         10 tires @ $ 78 Sale             12 tires @ $ 90 Requirements 1.    Compute cost of goods sold and gross profit using FIFO. 2.    Compute cost of goods sold and gross profit using LIFO. 3.    Compute cost of goods sold and gross profit using...

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**ACC 205 Week 3 E6-28 - Deluxe Auto Parts** E6-28      Estimating ending inventory by the gross profit method [1015 min] Deluxe Auto Parts holds inventory all over the world. Assume that the records for one auto part show the following: Beginning inventory     $    220,000 Net purchases               800,000 Net sales             1,100,000 Gross profit rate                 45% Suppose this inventory, stored in the United States, was lost in a fire. Requirement 1.    Estimate the amount of the loss to Deluxe Auto Parts. Use the gross...

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**ACC 205 Week 3 P5-29A - Thelma's Amusements** P5-29A      Journalizing purchase and sale transactionsperpetual inventory [2025 min] Thelma's Amusements completed the following transactions during November 2012: Requirement 1.    Journalize the transactions on the books of Thelma's Amusements.

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**ACC 205 Week 5 Fraud Case 9-1** Fraud Case 9-1 Jim Reed manages a fleet of utility trucks for a rural county government. He's been in his job 30 years, and he knows where the angles are. He makes sure that when new trucks are purchased, the salvage value is set as low as possible. Then, when they become fully depreciated, they are sold off by the county at salvage value. Jim makes sure his buddies in the construction business are first in line for the bargain sales, and they make sure he gets a little something back. Recently, a new county commissioner was elected with vows to cut...

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ACC 306 Week 1 ACC 306 Week 1 Quiz Assignments E1321 - Disclosures of liabilities ? LO1 through LO6 Required: Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 2011. E1322 - Woodmier Lawn Products - Warranty expense; change in estimate ? LO5 LO6 Woodmier Lawn Products introduced a new line of commercial sprinklers in 2010 that carry a one-year warranty against manufacturers defects. Because this was the first product for which the company offered a warranty, trade publications were consulted to determine the...

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**ACC 306 Week 1** ACC 306 Week 1 Quiz Assignments **E1321 - Disclosures of liabilities** ? LO1 through LO6 Required: Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 2011. **E1322 - Woodmier Lawn Products - Warranty expense**; change in estimate ? LO5 LO6 Woodmier Lawn Products introduced a new line of commercial sprinklers in 2010 that carry a one-year warranty against manufacturers defects. Because this was the first product for which the company offered a warranty, trade publications were consulted to...

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A+ Grade Solution ACC 280 Problem 2-2A (P2-2A) Jane Kent is a licensed CPA. During the first month of operations of her business, Jane Kent, Inc., the following events and transactions occurred. May 1 Stockholders invested $25,000 cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $2,000 per month. 3 Purchased $2,500 of supplies on account from Read Supply Company. 7 Paid office rent of $900 cash for the month. 11 Completed a tax assignment and billed client $2,100 for services provided. 12 Received $3,500 advance on a management...

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CheckPoint New System Proposal Amanda Rodriguez December 1, 2014 IT/205 Yvette Snowden Riordan Manufacturing unified system makes it possible to secure the information. It focuses to make authorized access to its master database which cannot be accessed by anyone, not having the authority to access it. Also it works through virtual private channels that can be accessed from a distance and can be controlled by using a tablet or mobile device. The data is centralized and the employees can have its access via virtual private channels which is a private network of the organization...

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Peer Review for Week 3 Check Point II Do you think your classmate accurately identified the claims? I believe that my classmate did an accurate job in conveying what the article was about. My classmate gave valid examples both from the author and also gives a personal view point to the assignment. Your classmate has compared the claims against his or her personal observations; how do the claims agree or conflict with your own personal observation? I believe that the voter turn out will in fact be high or 'be" the highest then in previous years.But I do not believe that it will all...

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Crt 205 Argument Evaluation Argument "We might have accomplished something if we have been able to treat the terrorist attacks of 9/11 in a way similar to how we treat the damage on the nation's highways-by implementing practices and requirements that are directly related to results (as in the case of speed limit, safety belts, and the like, which took decades to accomplish in the cause of auto safety)-rather than by throwing the nation into a near panic and using the resulting fears to justify expensive but not necessarily effective or even relevant measures." Premise: If we...

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Hlt 205 Technology Literature Review Technology Literature Review Cox, A. (2011). "The acceptability of e-technology to monitor and access patient symptoms following palliative radiotherapy for lung cancer." Palliative Medicine, 25(7), 675-681. This is a very interesting article written by A. Cox. The article states how e-technology dramatically increased new ways to obtain the patient's symptom information, which was self-reported. They conducted study to provide lung cancer patients post palliative radiotherapy. There were 17 clinicians identified as patients who met the criteria,...

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ACC 205 Week 3 Assignment Decision Case 1 ACC205: Principles of Accounting 1 Week 3: Assignment: Decision Case 1 Chapter 6, page 344, Decision Case 1: Assume you are opening a Bed Bath & Beyond store. To Finance the business, you need a 500,000 loan, and your banker requires a set of forecasted financial statements. Assume you are preparing the statements and must make some decisions about how to do the accounting for the business. Answer the following questions (refer back to Chapter 5 if necessary). 1: Which type of inventory system will you use? Give your reason. (p....

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Week Four Discussion Question 1 Post your response to this question: The Islamic civilization did away with sculptures because of religious beliefs. Provide two examples of acceptable art forms according to Islamic tenets. How do these art forms express Islamic religion and culture? Islamic art is not completely about religion as some believe. It also represents the rich and varied Islamic culture as well. Islamic art is developed from many sources: Roman, Early Christian, and Byzantine styles were taken over in early Islamic architecture; the influence of Sassanian art-the...

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Week 1 DQs What is the significance of goodwill in the consolidation process? Why is it necessary to determine goodwill impairment? Do you agree with the change in accounting for goodwill? Why or why not? The FASB has said that a good reputation is definitely an asset symbolizing the future economical advantages as a result of other assets developed in a business combination which are not separately identified and individually recognized. While consolidating the fiscal reports of more than one companies into a single set of fiscal reports it is necessary, not to reveal very...

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PSY 205 Week 4 Examination 4 **I Received an A in this course** Examination Four Question #1: List and define some key components to obesity in American youth. Question #2: What is meant by chronic illness and what can be done about it? Question #3: Explain some factors involved in the so-called curriculum wars. Question #4: Discuss some variations in social acceptance.

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A+ Grade Solution HLT-205 Module 2 DQ 2 Topic: U.S. Health Care System: Delivery, Costs, Access, and Quality What is defensive medicine and how does it impact health care cost, quality, and access?

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Criminal Profiling Psychology of the Criminal HSM 205 LA Professor Wilt Erin Potts Criminal Profiling has been a big part of the investigation process since about the 1940s, however it was not widely known. Criminal profiling began as version of profiling that was used when investigations relied solely on mental health professionals to create a profile of an offender, in order to aid the police in their investigation. There was an incident that (James Brussels) who was summoned by the New York Police to analyze the information on the Mad Bomber in New York City, NY, with that...

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ACC 306 Week 1 DQ2 Judgment Case 13-9 Judgment Case 139 - Valleck Corporation - Loss contingency and full disclosure ? LO5 LO6 In the March 2012 meeting of Valleck Corporations board of directors, a question arose as to the way a possible obligation should be disclosed in the forthcoming financial statements for the year ended December 31. A veteran board member brought to the meeting a draft of a disclosure note that had been prepared by the controllers office for inclusion in the annual report. Here is the note: On May 9, 2011, the United States Environmental Protection Agency (EPA)...

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**ACC 306 Week 1 DQ2** Judgment Case 139 - Valleck Corporation - Loss contingency and full disclosure ? LO5 LO6 In the March 2012 meeting of Valleck Corporations board of directors, a question arose as to the way a possible obligation should be disclosed in the forthcoming financial statements for the year ended December 31. A veteran board member brought to the meeting a draft of a disclosure note that had been prepared by the controllers office for inclusion in the annual report. Here is the note: On May 9, 2011, the United States Environmental Protection Agency (EPA) issued a Notice...

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Phase 3 Eng 205 Medicare Exhaust Billing Procedure Manual Project Colorado Technical University Online ENGL205-1301 Technical Writing and Speaking Phase 4IP Contents Contents 1 Phase 1 IP 2 Procedure Manual Outline 2 Phase 2 IP 3 Procedure Manual Proposal (Revised) 3 Brochure 4 Brochure Continued 5 Phase 3 IP 6 Medicare Exhaust Billing Checklist 6 Procedure Manual 7 Preparing Bill 3 Step I - Census 3 Step II - Bill Upload 4 Exhaust Billing Claim Coding 5 Step III- Xclaim 5 DDE Step IV 7 Secondary Claim Submission 8 How to submit Secondary Exhaust Claim 8 UB04...

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Axia College Material Appendix B Annotated Bibliography Week ____6______ Article One: Article or Web site reference: Isadora, C. (2006). Illegal workers: good for economy. Retrieved April 14,2010 from Summary of Article or Web site: This article discusses the positive affects that the housing boom had on the U.S. economy several years ago. Isadora states the important role that illegal immigrants working for low wages played in the home building sector. Many economists believe that the U.S. benefited from utilizing illegal immigrants, despite the side effect of...

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Argument Evaluation week 7 First Argument: Premise: More people die each year as a result of car accidents then the amount of people that died in the World Trade Towers on 9/11.Jet we put more enfaces on the 9/11 tragedy then the deaths that accrue all around us each day in car accidents. Conclusion: The only reason we care more about the 9/11 tragedy is because it was committed by theorist. Second Argument: Premise: We spend Billions on Homeland Security, tracking terrorist and helping airlines that were going into Chapter 11. Conclusion: Many of these "new" expenses are not needed or...

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Exercises Week 8 Chapter 12-Moral Reasoning Quiz 1 Results Reporter Out of 9 questions, you answered 9 correctly with a final grade of 100% 9 correct (100%) 0 incorrect (0%) 0 unanswered (0%) Your Results: The correct answer for each question is indicated by a . Top of Form 1 CORRECT Beginning with an "is" and deducing an "ought" is known as which of the following? A) A false dilemma B) The genetic fallacy. C) The naturalistic fallacy. D) The subjectivist fallacy. Feedback: We may deduce an 'ought' from an 'is' under one condition - add a value-premise to...

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Week 1 Claims and Arguments Quiz Results Reporter Out of 15 questions, you answered 14 correctly with a final grade of 93% 14 correct (93%) 1 incorrect (7%) 0 unanswered (0%) Your Results: The correct answer for each question is indicated by a . Top of Form 1 CORRECT Which of the following statements concerning the nature of critical thinking is most accurate? A) Critical thinking is about helping others and ourselves. B) Critical thinking is about helping others. C) Critical thinking is about attacking others. D) Critical thinking is about self...

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A+ Grade Solution CIS 205 Week 4 Individual Assignment Database Analysis Write a 700 – 1050 word paper analyzing the use of databases in your organization. Address in your paper the following: • Include what database applications are used (Microsoft Access®, DB2®, Oracle®, and so forth). • Conclude by proposing improvements. For large organizations, restrict the scope of the paper to the department in which you work. The paper should be a correctly APA formatted MS Word document with correct citations as necessary. Submit the MS Word document as an attachment.

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_A+ Grade Solution_ ####**PSY 205 Week 9 Assignment 2: Caring for a Loved One with Dementia** Design an educational intervention to prepare new and potential caregivers of dementia patients for what to expect in caring for an older loved one. Note: • Refer to Dementia Websites or other quality recourses to complete this assignment. • Articles from Websites must be cited as articles. • Example: Alzheimer’s Association (n.d.) 10 early signs and symptoms of Alzheimer’s. Write a two to three (2-3) page paper in which you: 1. Identify a minimum of five (5) issues that...

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100% Correct Answers PSY 205 Life span development Exam 1 • Question 1 Link the correct attachment style to the following descriptions: (1) thrilled when reunited with a caregiver, (2) confused, erratic response when reunited with a caregiver, and (3) doesn't care when reunited with a caregiver. • Question 2 Your grandmother was born in 1925. You were born in 1990. If you both took the IQ test at age 7, who would probably get more items correct? • Question 3 A cohort refers to a: • Question 4 Carlo weighed 2 pounds at birth and is being discharged from...

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A+ Grade Solution HLT-205 Module 2 DQ 1 Topic: U.S. Health Care System: Delivery, Costs, Access, and Quality Describe the similarities and differences between system outcomes and system outlook? What is the relationship between outcomes and outlook?

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Database systems that support Organizations CIS 205 To be successful in today's economic climate organizations and businesses must have up-to-date computer hardware and software that include databases. Technology is rapidly changing constantly and organizations that do not keep up with the ever-changing technology most likely will be left behind. Successful businesses like EBay, General Motors, Dell, and use database systems to track inventory, shipping, and customer contact information. In this paper we will discuss the database systems used to support personal, workgroup, and...

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Industry Research: Home Building ECO 205, Economic Theory Axia College of University of Phoenix Industry Research: Home Building As the housing market remains weak in many parts of the country, home builders are looking for a light at the end of the tunnel. The latest statistics on housing starts gave them only the faintest glimmer of hope. While there are some pockets of strength, it's too soon to know when the industry will hit bottom, homebuilders and economists say. In the midst of sluggish sales and rising problems with mortgage defaults, construction of new homes and...

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Discussion Question 1 Why are database management systems (DBMS) important in the business community? Give at least two reasons to support your answer. Respond to your classmates' posts and ask for additional detail or clarification if needed. Do you disagree in any way? Database management systems (DBMS) are important in the business community because they manage data storage, transform data into information and present the information to users. They also serve the purpose of providing security for data, and allowing multi-user access. Managing date storage for companies...

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Axia College Material Appendix F The Nets Worksheet Net Type Definition Key Characteristics Use in a Business Setting Internet A global network that connects millions of computers together. Connects business and people from around the world. Can be used as a form of communication. Email Instant messaging File transfers Audio and video conferencing Intranet Intranet is internal network based on the internet and WWW protocols. Allows users to find and share documents. Collaborate and communicate with each other. A mini internet, and uses a web browser as an...

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Potential IT Careers Potential IT Careers Potential IT careers System Administrator The system administrator must have strong interpersonal and communication skills; have the ability to train others in application software, and basic writing skills. The system administrator trains individuals in software applications, and computer system fundamentals. (Tina Darmohray , 2006) A systems administrator has high skills with most operating systems and their utilities. A system administrator would be familiar with basic system administration tools and processes such as,...

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Financial Analysis - GE- Horizontal Analysis of Income Statement and Balance Sheet, Ratio Analysis, Recommendation Write a five-to seven-page financial statement analysis of a public company Write a five-to seven-page financial statement analysis of a public company, In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to...

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ACC 205 Week 5 Final Paper Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as references. Here...

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Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method? Respond to at least two of your classmates' postings. The inventory valuation methods in FIFO and LIFO are reported as follows: FIFO First In, First Out; based on a sale, the inventory purchased first is the inventory sold first. The ending inventory in this situation would be more higher cost per unit on hand, selling the lower cost per unit goods first. ( The last - the newest - costs) LIFO - Last In, First Out; based on a sale, the inventory that was...

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There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated? Respond to at least two of your classmates' postings. The first of the two estimated current liabilities would be the estimated warranty payable. This is a guarantee from the product manufacturer that the product will be repaired or exchanged, at no cost to the customer, during a certain period of time after purchase. This warranty payable must be estimated because a company can't predict how many...

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Information Use Assignment IT/205 The use of information in a business or organization is vital to their day-to-day operations, as well as monitoring and improving the company overall. Information flow is data that goes in 2 ways among managers and departments. Information can flow vertically meaning flowing up and down among managers and horizontally for information traveling through different departments. The main departments in basically every organization would be: accounting, which helps keep track of all the financial parts of the business, production will be in charge of...

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Week 5 Journal: Most Important Ratio Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross margin and net margin) presented this you were considering investing in a company what ratio would be the most important to you?Formulate and argument to defend your position. Ratios are very much important for the financial analysis. Ratios provide a good base for the fundamental analysis of the company. Investing a company need that all ratios are judged properly to find the financial performance...

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_A+ Grade Solution_ ####**HLT-205 Week 1 U.S. Health Care Timeline** Create a historical timeline utilizing information from the textbook and at least two other sources. The timeline should include the following: 1. Important dates and events 2. Eras of health care 3. Determinants and impacts 4. Changing definitions 5. Health-related organizations/entities Your timeline must include a minimum of eight dates. End your timeline with your own projections of major reform policies/programs you believe will have the greatest impact on the health care structure. Provide appropriate and...

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_A+ Grade Solution_ ####**HLT-205 Week 2 Nationalized Models and Country Comparisons Chart** Identify a targeted health care national model. Conduct research to complete a chart that addresses the following: Compare similarities and differences of two national models, one being that of the United States and the other a country of your choosing. Be sure to address the following in addition to any other information you may find: 1. Components and structure of the selected models 2. Efficiency / Effectiveness of the programs as evidenced through leading health care...

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_A+ Grade Solution_ ####**HLT-205 Week 3 Provider PowerPoint Presentation** Using health care provider information from Essentials of The U.S. Health Care System, chapter 4, create a PowerPoint presentation that addresses the following: 1. Current and historical trends relative to professional health care groups 2. Provider responsibilities and challenges 3. Professional associations' guiding principles and values 4. Keys to addressing issues and shortages within professional groups Prepare this assignment according to the guidelines found in the GCU Style Guide, located in the...

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_A+ Grade Solution_ ####**HLT-205 Week 5 Trust Factor** Write a paper of 500-750 words describing elements that contribute to specialized populations' distrust of the health care system. Why is trust important? Be sure to integrate historical perspectives along with current trends. Prepare this assignment according to the guidelines found in the GCU Style Guide, located in the Student Success Center. This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to...

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_A+ Grade Solution_ ####**HLT-205 Week 6 Disparity Analysis Chart** Design a chart using Word that provides an overview of two selected special populations found on the U.S. Department of Health and Human Services' Office of Minority Health website and the Agency for Healthcare Research and Quality website. Matrix components for each must include the special population group, key demographic information (culture, race, gender, religion and spirituality, social and economic status), clinical and nonclinical stakeholders in the special populations, medical conditions, and past and...

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_A+ Grade Solution_ ####**HLT-205 Week 7 Policy Interview and Analysis** Identify a targeted health care system delivery component/setting/area. Conduct research to complete the following: 1. Identify at least 10 questions related to governmental policy that are critical to understanding current and future issues in specific delivery component/settings. 2. Select a delivery area expert to interview. Because many experts may have time restrictions, be sure to schedule a mutually agreeable meeting time for a face-to-face or phone interview prior to Module 7, or administer your interview...

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The seven phrases of a systems development life cycle are planning, system analysis, system design, development, testing, implement, and finally maintenance. (Malaga,R 2005) The first stage of the systems development life cycle is the planning. This phrase consists of analyzing the existing system or review of purchase of a new system. One must consider the system for the specific needs, and is advanced with current technologies. One will also consider the cost verses the company's investment. (Malaga,R 2005) Once the planning has been accomplished the next phrase is the system analysis....

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Bead Bar Consultant Activity Bead Bar Consultant Activity The recommendations for the Bead Bar are a desktop DBMS. This is chosen because; it is designed for an individual or small business. The desktop DBMS is designed for applications need to be accessed by few people and it can run the functions of the entire business. The desktop DBMS will manage the data, transform the data into information, and present the information to the user. The desktop DBMS will provide security such as, control the personnel that can add, delete, or change the data. The security is a primary function...

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DQ2, Week 3: What effects or potential effects do technologically based communication modalities-between patients and health care providers and between health care providers only-have on health care costs? Please provide at least one peer-reviewed reference in order to receive credit forthis DQ. Remember to use quotes where appropriate to distinguish between your words and those of the person you are citing. The ability to have access to a 24 hour health care facility has initial start up costs and longer term costs in maintaining a system to keep data secure and for a longer time...

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%20Updates/micro%20casestudies/Business%20Strategy/ Case Studies and Management Resources Asia's Most Popular Collection of Management Case Studies The Bharti - Wal-Mart Retail Joint Venture On November 27, 2006, Wal-Mart Stores, Inc (Wal-Mart), the world's largest retailer, and Bharti Enterprises Ltd. (Bharti), a leading business group in India, signed a Memorandum of Understanding (MoU) to explore business opportunities in the Indian retail industry. This joint venture marked the entry of Wal-Mart into the Indian retailing industry. According to Sunil B. Mittal...

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Identifying Fallacies Identify any examples of fallacies in the following passages. Tell why you think these are fallacies, and identify which category they belong in, if they fit any category we've described. 2. Letter to the editor: "Andrea Keene's selective morality is once again showing through in her July 15 letter. This time she expresses her abhorrence of abortion. But how we see only what we choose to see! I wonder if any of the anti-abortionists have considered the widespread use of fertility drugs as the moral equivalent of abortion, and, if they have, why they haven't come...

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Supporting a Position Capital punishment is the lawful infliction of death as a punishment and since ancient times it has been used for a wide variety of offences. There are many issues that address this question of capital punishment such as religion, the effect on society, restitution being denied, the possible "wrongly accused", and the rights of the convicted. I stand strong for the death penalty and the world in my eyes would be a better place for it. It is the government's responsibility to punish people that disobey the law to keep our world intact. Each year there are...

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Middle Ages Quiz 1)One of the major accomplishments of the Qin dynasty is A. encouraging a period of technological advancement, including inventing the navigational compass. B. building the 1,400-mile-long Great Wall for defense. (answer) C. introducing organized agriculture, which replaced hunting. D. establishing the Silk Road trade route. 2)It was thought that calligraphy A. was a minor art. (answer)B. revealed the writer's character and spirit. C. brushes were of little value. D. was not related to poetry. 3)Zhu Jan's piece, Seeking the Tao in the Autumn Mountains,...

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ACC 205 Week 5 Final Paper Boeing Boeing Financial Analysis Boeing Boeing (stock symbol BA) is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems (Morningstar 2013).I will be looking at whether or not this companies stock should be a bought or sold, with analysis of the Liquidity, Profitability, and Solvency of the company over a three year period 2009-2011. The company's principle clients are the U.S. government and commercial airlines. Unlike Lockheed, one of its largest and closest competitors,...

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ACC 205 Week 5 Final Paper Fossil Inc. Fossil Inc. Financial Statement Analysis FOSSIL INC. FINANCIAL STATEMENT ANALYSIS PART 1 Table of Contents6 Introduction 1 Chosen Policies and Quality of Numbers 1 Part 1: Overview of Balance Sheet 1 1.1 Major types of assets and unusual amounts of components 1 1.2 Major types of liabilities and unusual amounts of components 2 1.3 Major types of Equities and unusual amounts of components 2 Part 2: Overview of the Income Statement 3 2.1 Major sources of revenues, expenses, gains and losses 3 2.2 Unique Items for Income...

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ACC 205 Week 5 Final Paper Microsoft Corporation Microsoft Financial Statement Analysis Microsoft Financial Statement Analysis Table of Contents Introduction 3 Deferred Taxes 4 Temporary/Permanent Differences 5 Tax Provisions 5 Defined Retirement Plans 6 EPS (Earnings per Share) 6 Share-Based Compensation????????????????????????????????????????????.7 Cash Flow??????????????????????????????????????????????????????..7 Investing and Financing ?????????????????????????????????????????????..7 Non-Cash...

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Chapter 03 Doing Business in Global Markets 1. Today, over 90% of the companies doing business globally believe it is important for their employees to have experience working in other countries. True False 2. Importing is the selling of products to another country. True False 3. Exporting is the selling of products to another country. True False 4. The United States imports more products and services than any nation in the world. True False 5. The United States is the largest exporter in the world. True False 6. While the U.S. is a large exporter, Germany...

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_A+ Grade Solutions_ ####**FRL 300 Chapter 2 Homework** 1. A firm has common stock of $87, paid-in surplus of $240, total liabilities of $395, current assets of $360, and fixed assets of $570. What is the amount of the shareholders' equity? 2. Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,270,000 that is currently appraised at $1,470,000. The equipment originally cost $750,000 and is currently valued at $497,000. The inventory is valued on the balance sheet at $440,000 but has a...

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1. Al Bundy owns Bundiful World, a sole proprietorship. He incorporates as Bundiful, Inc. transferring all of the proprietorship’s assets (FMV: $350,000, basis: $ 275,000) for all of the stock. Bundiful, Inc. also assumes $15,000 of liabilities, $14,500 were business related, the remaining $500 was for a DVR so his wife, Peg, could record Oprah. Based on the above: Answer a. Bundiful, Inc. has an asset basis of $275,000; Al has a stock basis of $260,000. b. Bundiful, Inc. has an asset basis of $290,000; Al has a stock basis of $260,000. c. Bundiful, Inc. has an asset basis of $290,000; Al...

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_A+ Grade Solutions_ ####**MBA 560 Quiz 6** Saint Leo University 1. Gypsy Joe's operates a chain of coffee shops. The company pays rent of $10,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The managers of each shop are paid a salary of $2,500 per month and all other employees are paid on an hourly basis. The costs of supplies relative to the number of customers in a particular shop and relative to the number of customers in the entire chain of shops is which kind of cost, respectively? (Points : 2) Variable cost / fixed cost Fixed cost /...

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Use this template to complete the assignment per the instructions below Sylvia's Party Consulting Chart of Accounts: No. 101Cash No. 112Accounts Receivable No. 126Supplies No. 201Accounts Payable No. 205Unearned Revenue No. 311Common Stock No. 400Service Revenue No. 726Rent Expense No. 729Salaries Expense Debit and Credit Matrix IncreaseDecrease AssetsDebitCredit LiabilitiesCreditDebit Owners' EquityCreditDebit RevenueCreditDebit ExpensesDebitCredit During the first month of operation of Sylvia's Party Consulting the following transactions occurred: October 1Received $25,000 cash in...

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XACC 280 Week 5 Appendix O Use this template to complete the assignment per the instructions below Daisy Florist Chart of Accounts: No. 101 Cash No. 112Accounts Receivable No. 126Supplies No. 201Accounts Payable No. 205Unearned Revenue No. 311Common Stock No. 400Service Revenue No. 726Rent Expense No. 729Supplies Expense Daisy Florist has a beginning balance in Supplies of $5,400. On May 31 Daisy Florist took a physical count of supplies on hand. Daisy Florist made an adjusting entry for $2,300 for supplies used during the month. Instructions (a) Journalize the adjusting entry on May 31...

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ETH 125 Final Project What information about diversity in the United States has helped you better understand or relate to others in ways that you may not have in the past? Have you learned something new about your own racial, ethnic, or cultural history? Trends in immigration will continue to shape the demographics of the United States. What will the U.S. population look like in the year 2050? Why do you think so? What challenges does the United States face due to the diversity of its people? What are the benefits of such a diverse society? How can we foster a climate of acceptance...

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Axia College Material Appendix E Asian Americans According to the U.S. Census Bureau Part I Organize statistics from the U.S. Census Bureau on Asian American diversity using the matrix below. The Web site is available at Statistic 1 of the Cultural Makeup column is provided for your reference. Note: you will find only two statistics to place in the Financial row. Statistic 1 Statistic 2 Statistic 3 Cultural Makeup 13.1 million U.S. residents are Asian or Asian in combination with other races 33.4 million of U.S. residents will be Asians by 2050 which...

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_A+ Grade Response_ ####**“Report” Essay - Student Loan crisis** Write a report of 750-1,000 words. Follow the principles in Chapter 10 to write an effective report. Study the “Writing a Report” segment on pp. 205-212. Audience: Your audience for this assignment is the entire ACC community – students, staff, faculty, and other people associated with or interested in the college. Imagine that your report may be published in a city newspaper or other media outlet. Write in third person point of view only. Sources: You must use at least two sources, and you must accurately give...

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The effect of Greenhouse Gases SCI 207 natural and human-made causes of climate change visible in the computer simulation. According to the computer model, how have sources of heat-trapping pollution changed from 1750 to today? How does the simulation predict they will change by 2050? In the computer simulation livestock and the environment, that is organisms in the environment that contribute to methanogeneis contribute to natural causes of climate change. Human-made causes, well there are just so many to identify and list everyone, but everything we as humans do...

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Belize Barrier Reef System SCI 230 Belize Barrier Reef System Right now the current estimate of the worldwide human population at this moment is 6,817,863,926 according to the United States Census Bureau. Every second there are three people added to the world; every day there is a quarter of a million people added; every year there are about 87 million people added. NOVA has predicted that by 2050 there will be nearly nine billion people on this planet. Because the human population continues to grow, so does our need for land to contain this growth. When humans attempt to fulfill...

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Erin Potts Professor Wilt HSM 205 LA October 24, 2011 What are the main intelligence sources and what is their role and functions in the intelligence cycle/process? Sources are used in many ways, they can be used to observe and record the location, size, condition, or activity of a geographical area, an organization, a process, or an individual. There are five intelligence disciplines which are Human intelligence (HUMINT), Open source Intelligence (OSINT), Signals Intelligence (SIGINT), Geospatial Intelligence (GEOINT), and Measurement & Signature Intelligence (MASINT). In order to avoid...

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Bus 639 Week 4 630 Week 4(8-12) Jessi Corporation Sales Budget Quarter 1 2 3 4 Total Budgeted Unit Sales 11,000 12,000 14,000 13,000 50,00 Selling price Per Unit Total Sales Expected 198,000 216,000 252,000 234,000 900,000 Schedule of Cash Collection Quarter 1 2 3 4 Total Acct Rec Beginning 70,200 70,200 Quarter Sales 205,200 239,400 222,300 128,700 Total Cash Collection 227,700 210,600 228,600 198,900 865,800 Collections in the quarter of sales is 65% therefore for the first quarter 216,00 x 65% 140,400 In the...

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Phase 3 Eng 205 Medicare Exhaust Billing Procedure Manual Project Colorado Technical University Online ENGL205-1301 Technical Writing and Speaking Phase 4IP Contents Contents 1 Phase 1 IP 2 Procedure Manual Outline 2 Phase 2 IP 3 Procedure Manual Proposal (Revised) 3 Brochure 4 Brochure Continued 5 Phase 3 IP 6 Medicare Exhaust Billing Checklist 6 Procedure Manual 7 Preparing Bill 3 Step I - Census 3 Step II - Bill Upload 4 Exhaust Billing Claim Coding 5 Step III- Xclaim 5 DDE Step IV 7 Secondary Claim Submission 8 How to submit Secondary Exhaust Claim 8 UB04...

Answered 2 years ago by solarc

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Master budget exercise Exercise 8-12 1. Jessi Corporation Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted unit sales............. 11,000 12,000 14,000 13,000 50,000 Selling price per unit............ Total sales.......................... 198,000 216,000 252,000 234,000 900,000 Schedule of projected Cash Collections Accounts receivable, starting balance............. 70,200 70,200 1st Quarter sales.................. 128,700 59,400 188,100 2nd Quarter...

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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following statements about isotopes is TRUE? 1) _______ A) Some elements have 3 or more naturally occurring isotopes. B) Isotopes of the same element donʹt usually have the same properties. C) An isotope of an atom with a larger number of neutrons is larger than an isotope of the same atom that contains fewer neutrons. D) Isotopes of the same element have the same mass. E) Isotopes of the same element differ only in the number of electrons they contain. 2) Which of the...

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