[bunne55]

An adjusting entry for prepaid insurance was not recorded for the first 3 months of the year at $500 per month.Explain the impact of the missing journal entry on the financial statements of the company.

[Wondergirl]

What have you decided is the answer?

[Athos]

What have you decided is the answer?

Lol. Why would she ask if she's decided?

I'd love to see your answer.

[Wondergirl]

Lol. Why would she ask if she's decided?

I'd love to see your answer.

Mr. Athos, we don't do homework on this site, but will help if the OP has made some effort. I was merely asking what effort she has made to solve her accounting homework problem.

[Athos]

Mr. Athos, we don't do homework on this site, but will help if the OP has made some effort. I was merely asking what effort she has made to solve her accounting homework problem.

Ahh, so.

[pready]

To get you started, your assets will be overstated on the Balance Sheet and your expenses will be understated on the Income Statement.

Now, how does expenses being understated effect the Income Statement?

[n2deeply]

Bender Guitar Corporation, a manufacturer of custom electric guitars, is contemplating a $1,000,000 investment in a new production facility. The economic life of the facility is estimated to be five years, after which the facility will be obsolete and have no salvage value.

To make the new facility operational, building improvements costing $400,000 will be required. In addition, a $50,000 increase in working capital will be needed.

Bender's accounting and marketing departments have provided the following information: the firm will use the straight-line method of depreciation; the Company is in the 30% tax bracket; the weighted average cost of capital is 8%.

Here are Earnings before Interest and Taxes (EBIT) estimates for the new facility:

Year 1... $80,000
Year 2... $100,000
Year 3... $120,000
Year 4... $140,000
Year 5... $165,000

Your assignment is to answer the following questions:

1. Diagram the cash flows for the project using a time line. For each of Years 1 through 5, include the following data on your diagram (in this order): EBIT, tax, depreciation, Operating Cash Flow (OCF), and discounted OCF.

[lrgdout]

Miranda Right started Right Consulting, a new business, and completed the following transactions during its first year of operations.




a.

M. Right invests $64,000 cash and office equipment valued at $32,000 in the company.



b.


The company purchased a $316,000 building to use as an office. Right paid $42,000 in cash and signed a note payable promising to pay the $274,000 balance over the next ten years.



c.

The company purchased office equipment for $6,000 cash.



d.

The company purchased $3,900 of office supplies and $1,900 of office equipment on credit.



e.

The company paid a local newspaper $820 cash for printing an announcement of the office’s opening.



f.

The company completed a financial plan for a client and billed that client $4,300 for the service.



g.

The company designed a financial plan for another client and immediately collected an $8,800 cash fee.



h.

M. Right withdrew $1,200 cash from the company for personal use.



I.

The company received $3,300 cash as partial payment from the client described in transaction f.



j.

The company made a partial payment of $950 cash on the equipment purchased in transaction d.



k.

The company paid $1,900 cash for the office secretary’s wages for this period.

[Sofiaaz]

Hi.. somebody help me to answere this qustion?

[Sofiaaz]

Production Manager Max shows the board some calculations over the last production runs. The Board asks interested in to the costs that are included in the calculations, as well as how to ensure the figures are. Production manager assures that all data on raw materials, working hours and overhead costs are the actual consumption used for both quantity and price and consumption at the end of each production line is always checked against the expected consumption to ensure that production remains effective.
In order to get a better view asking the board Max to create an overview image with comments of production and the variance, which is performed to ensure that it is the actual cost, which is registered in Sanofortas ERP system

Max starts with making a list:

• Production to stock according to sales budgets and forecasts (Production Planning).
• Purchasing Department buyer in after raw lists each. Product and production plan (Procurement).

• Calculation of actual consumption of raw materials and consumed working.
• Calculate / verification of actual commodity prices and wages for calculating
• Sanofortas cost.
• When a production series is finished conferred overheads costs.
Max has a hard time getting set up information in a clear way. He meets Liv Lykke and Wilhelm Laage in the canteen, where Wilhelm Laage offers to come up with a proposal for how the information can be set up.

Task 3 (Indicative weight: 45%) Production (varianse)

a) Please prepare a set of "Entities and Activities" for
Production from the above description.

b) Draw a Logic Level 0 data flow diagram of the variance of the cost. Remember to comment on the chart.

c) Draw an ER diagram of variance (Task 3b) and comment on the ER diagram. (Cardinalities not included).

[Sofiaaz]

Please help me, I really need someone's help to answer it...

a) Please prepare a set of "Entities and Activities" for
Production from the above description.

b) Draw a Logic Level 0 data flow diagram of the variance of the cost. Remember to comment on the chart.

c) Draw an ER diagram of variance (Task 3b) and comment on the ER diagram. (Cardinalities not included).

[AnnGriffin]

1. You are given the following selected financial information for The Blatz Corporation.

Income Statement Balance Sheet
COGS $750 Cash $250
Net Income $160 Net fixed assets $850

Ratios
ROS 10%
Current ratio 2.3
Inventory Turnover 6.0 x
ACP 45 days
Debt ratio 49.12%

Calculate accounts receivable, inventory, current assets, current liabilities, debt, equity, ROA, and ROE.

[montegirl]

If I am interpeting a finanical ratio, what determines if a market price of the company's stock increase?

[Rhea1224]

On August 25, Maria Gomez purchases $12,500 in products from Pandot Inc. on credit. The terms of the sale are 5/20, net 45. On September 7, Ms. Gomez returns $2,500 of product to Pandot. On September 9, she pays her bill in full.

Prepare the journal entries required to record the sale of merchandise, the return of merchandise, and the collection of the accounts receivable