Question 1
1. Cortez Chemical Co. uses an average cost processing system. All materials are added at the start of the production process. Labor and overhead are added evenly at the same rate through-out the process. Cortez's records indicate the following data for May: Beginning work in process, May 1 (50% completed) . . . . . . . . . . . . . 1,000 units Started in May. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?? 5,000 units Completed and transferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000 units Ending work in process, on May 31, is 75% completed as to labor and factory overhead. Make the following calculations: a. Equivalent units for direct materials b. Equivalent units for labor and overhead 2. Haskell Brothers products Inc. manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and conversion costs are added evenly throughout the process. The following summaries were prepared for the month of January: Production Summary Units Started in process 10,000 Finished and transferred to the stockroom 8,000 In process, end of month 1,000 Stage of completion 1/2 Lost in process 1,000 Cost summary Materials $132,000 Labor 33,000 Factory overhead 20,625 Calculate the unit cost for materials, labor, and factory overhead for January and show the costs of units transferred and in process. 3. A company manufactures a liquid product called Glitter. The basic ingredients are put into process in Department 1. In Department 2, other materials are added that increase the number of units being processed by 50%. The factory has only two departments. Calculate the following for each department: (a) Unit cost for the month for materials, labor, and factory overhead, (b) Cost of the units transferred, and (c) Cost of the work inprocess. 4. Alpha Manufacturing Co. makes one main product, Bravo, and a by-product, Delta, which splits off from the main product when the work is three-fourths completed. Delta is sold without further processing and without being placed in stock. During June, $1,200 is realized from the sale of the by-product. Make the entries to record the recovery and sale of the by-product, on account, on the assumption that the recovery is treated as one of the following: a. A reduction in the cost of the main product b. Other income
Question 2
I really don't understand these following problems. Can you please help me? #2: Transaction Analysis 40 pts a Analyze the effects of the following transactions on the accounting equations (Refer to pg 47) of the various funds and non-fund accounts of an SLG. Identify the Fund by name (GF, SRF, EF, etc, not by fund category - governmental, proprietary, etc.), the $ amount and the effect (use + /? or write increase /decrease. Only put the accounting equation items affected. For example, if CA and FB balance are affected don?t show other items in the equation or give a written explanation. b. Identify the operating statement by name, show where the item would be shown on the statement (expenditures, expenses, OFS, revenues, etc.), and the $ amount (for example, statement of revenues, expenditures and changes in FB - expenditures ? capital outlay $14,000). If there is no effect on the operating statement state that in your response (fund or non-fund). Do not give me info on another statement; it?s not relevant. Good format is required ? I have to be able to understand your answer. 1. A government issued $10 million of bonds to finance construction of a plant expansion for its Water and Sewer Enterprise Fund's water treatment plant. The 20-year bonds bear interest of 10%, payable semiannually each March 31 and September 30. The bonds were issued at par on April 1, 20X1. The September payment was made as scheduled. 2. A government issued $5 million of general obligation bonds to finance construction of an addition to its courthouse. The 10-year bonds pay interest of 10%, payable semiannually each March 31 and September 30. The bonds were issued at par on April 1, 20X1. The September payment was made as scheduled from the appropriate fund. 3. A government purchased a truck at a cost of $45,000 for a general government department. The truck was paid for from unrestricted resources. 4. A government paid $200,000 of its general revenues from its unrestricted fund to the fund to be used to service its outstanding general government bonds. 5. A government paid general government bond principal ($500,000) and interest ($1,000,000) when it was due. Resources for the payment were available in the appropriate fund. 6. A government paid principal ($50,000) and interest ($3,000) on a 6-month note that had been issued to provide for a temporary shortfall in General Fund cash. 7. A government was billed $2,000,000 by a contractor for work performed on a major general government capital project during the year. The government paid the contractor all but 10% of the amount billed. The project is not complete at year end. 8. Salaries for general government employees that were incurred but not paid as of year end were $50,000. 9. A government completed a major general government capital project during the year. The $500,000 of net assets remaining in the construction fund after payment of all project liabilities was paid over to the fund that is to be used to pay the principal and interest on the construction bonds. 10. The long-term liability for general government claims and judgments increased by $200,000 during the year. #3 (Nongovernment, Not-for-Profit Entries) Prepare the journal entries required to record the following transactions of a nongovernment, not-for-profit organization. 1. Received a contribution of stock to establish an endowment fund. The income from the endowment is unrestricted. The donor had acquired the stock for $23,000 about 20 years earlier. Its estimated fair value when donated was $250,000. 2. Pledges receivable at year end were $100,000, all from pledges received during the year. The pledges are unrestricted and 5% percent of the pledges are estimated to be uncollectible. For questions 3-5, assume that the organization has adopted a policy that restrictions on donations made for capital purposes are met when the capital item is purchased. 3. A cash gift of $200,000 was received restricted for the purchase of equipment. 4. Equipment of $80,000 was purchased from the gift restricted for this purpose. 5. Deprecation expense for the year on the equipment purchased is $10,000. For questions 6-8, assume that the organization has adopted a policy that restrictions on donations made for capital purposes are not met when the capital item is purchased. 6. A cash gift of $200,000 was received restricted for the purchase of equipment. 7. Equipment of $80,000 was purchased from the gift restricted for this purpose. 8. Deprecation expense for the year on the equipment purchased is $10,000.,IT SAID THAT YOU SENT ME A MESSAGE BUT I DO NOT SEE IT. CAN YOU PLEASE GIVE ME A UPDATE
Question 3
A. INSTUCTIONS Using Word, please answer the questions below. When answering the questions be sure to show your work. A formula sheet has been attached to help with some of the special characters and formula in your answers. BE SURE TO STATE QUESTION NUMBER. (e.g. Question 1) At the bottom of this page you will find two attached files: A formula sheet, Formula .doc, that has two purposes: To give you any formula you may need. To allow you copy formula and special characters from the Word document into your Word answer sheet. A template sheet, template4.doc, that you can use to answer the questions. Download the attached files: Click Formula .doc in the Attachments: section below. Click Save for Internet Explorer. Firefox will open the file in Word. Save the file in a folder you have set aside for class work (e.g. "BSTA300"). Repeat steps i - iii to download template4.doc. In answering these questions use the 4 steps outlined in this Module: The following 4-steps are the expectation for hypothesis testing for this course. Step 1. Hypothesis statement (claim). Step 2. Test statistic (formula). Step 3. Bell curve figure (two tails or one tail) and table (large sample, Table A-2 and small sample, Table A-3). Step 4. Conclusion. Reject or fail to reject the hypothesis, Ho. B. QUESTIONS Question 1: (5marks) In a study of distances travelled by buses before the first major engine failure, a sampling of 191 buses resulted in a mean of 154,700 km and a standard deviation of 60,000 km. At the 0.05 level of significance, test the manufacturer?s claim that mean distance travelled before a major engine failure is more than 144,000 km. Use the 4 steps outlined in the examples in Module 13 to answer this question. Question 2: (5 marks) A night time cold medicine bears a label indicating the presence of 600 mg of acetaminophen in each fluid ounce of the drug. Suppose that Health Canada randomly selected 65 one-ounce samples and found that the mean acetaminophen content was 589 mg and the standard deviation was 21 mg. Using ? = 0.02, test the claim of the pharmaceutical company that the population mean is different from 600 mg. Would you by this cold medicine? Give your reasons. Question 3: (5 marks) Use a significance level of ? = 0.02 to test the claim that ? ? 64.8. The sample data consist of 12 scores for which the = 59.8 and s = 8.7. Question 4: (5 marks) The expense of moving the storage yard for the Consolidated Package Delivery Service (CPDS) is justified only if it can be shown that the daily mean travel distance will be less than 342 km. In trial runs of 12 delivery trucks, the mean and standard deviation are found to be 318 km and 67 km, respectively. At the 0.01 level of significance, test the claim that the mean is less than 342 km. Should the storage yard be moved? Give your reasons.
Question 4
The newly formed Buffalo School District engaged in the following transactions and other events during the year: a. It levied and collected property taxes of $110 million. b. It issued $30 million in long-term bonds to construct a building. It placed the cash received in a special fund that was set aside to account for the bond proceeds. c. During the year, it constructed the building at a cost of $25 million. It expects to spend the $5 million balance in the following year. The building has an estimated useful life of 25 years. d. It incurred $70 million in general operating costs, of which it paid $63 million. It expects to pay the balance early the following year. e. It transferred $12 million from its general fund to a fund established to account for resources that were set aside to service the debt. Of this amount, $10 million was for repayment of the debt; $2 million was for interest. f. From the special fund established to service the debt, it paid $2 million in interest and $6 million in principal. g. It collected $4 million in hotel taxes restricted to promoting tourism. Because the resources were restricted, they were accounted for in a special restricted fund. During the year, the district spent $3 million on promoting tourism. h. The district established a supplies store, to provide supplies to the district?s various departments, by transferring $4 million from the general fund. It accounted for the store in a proprietary fund. During the year, the store purchased (and paid for) $2 million in supplies. Of these, it ??sold?? $1 million, at cost (for cash), to departments accounted for in the general fund. During the year, these departments used all of the supplies that they had purchased. 1. Prepare journal entries to record the transactions and other events in appropriate funds. Assume that governmental funds are accounted for on a modified accrual basis, and focus only on current financial resources (and, therefore, do not give balance sheet recognition to either capital assets or longterm debt). Proprietary funds are accounted for on a full accrual basis. 2. Prepare a combined balance sheet?one that has a separate column for each of the funds that you established. 3. Prepare a combined statement of revenues, expenditures, and changes in fund balances for all governmental funds?one column for each fund. Prepare a separate statement of revenues, expenses, and changes in fund balances for any proprietary funds that you established.
Question 5
"Presenting your Plan Presenting to a management team or client is a skill that marketing professionals need to master. Multimedia presentations are the norm today. Presentation Script 1. Create a script to accompany the presentation. It should be persuasive and targeted to a business clientele. This part of the Individual Project should at least 2-3 pages in length (single spaced). PowerPoint Presentation 1. Create a professional PowerPoint. You will be assessed on the design of the presentation (including colors, backgrounds, professionalism, font, graphics). Optional content: Sound, videos, animation. This part of the Individual Project should be at least 15 slides. Objective: # Analyze marketing decision support system and their impact upon marketing management systems. # Discuss the key factors, such as demographic, economic, natural, technological, political, and cultural developments, that affect marketing strategies. # Examine the major influences in current consumer and organizational buying decisions. # Analyze the appropriate marketing strategies to apply at each stage of the product life cycle.,I do appreciate the assistant...how soon will you finished this and I also have another question awaiting approval, I hope the cost won't be as much lol,Ok...yes I do understand that...I was just wondering when things will be finalized...the last day of class is March 13th and I want to make sure that all of my assignments are turned in by close of business today...I did request the 11th for completion, I do apologize for the concerns. But, the deadline is here this weekend. Thanks for responding to my request for assistance.,Powerpoint is missing the script to go with it. Other than that, great work.
