Question 1
I am doing a PeachTree practice set and I am having major problems with the journal entries! I need these numbers to continue on with the excel and access parts of the project so I would be really appreciative if someone could give me their opinion on how I am supposed to journalize these: 1. December 16. Receive a purchase order from California Premium Beverage. Fill and ship the order. Complete Invoice No. 15535. (Don't worry about the numbers just what would you debit and credit) 2. December 16. Order 18,000 lbs. white grapes at $1.05 per pound from Medocino Vineyards. The item number for the white grapes is WG1003. Complete Purchase order No. 9682. 3. December 16. Purchase a 2004 Ford truck for $30,250.00. The terms includ a $4,750.00 down payment and a 3-year 6% promissory note to Ford Credit for the remaining $25,500.00. Principal and interest on the note are due monthly beginning Janurary 4, 2011. The company expects the truck to have a useful life of 5 years and no salvage value. Prepare Check No. 19257 payable to Potter Valley Ford for the down payment. 4. December 17. Receive a phone complaint from Seaside Distributors about a case of Chenin Blanc that was damaged in shipment. The case was part of Invoice NO. 15175, dated November 5, 2011, in the amount of $20,438.40. Seaside paid the invoice on November 19, 2011 and took advantage of the discount (terms 3/15, net 30). The inventory was NOT returned to the company. Record the transaction. 5. December 19. Receive notification of $850 interest income that was deposited directly into the checking account from a certificate of deposit from State Employees' Credit Union. Record the cash receipt. 6. December 19. Receive payment in full from Pacific Distribution Co. on Invoice No. 15243 dated November 13 2011, in the amount of $19,576.80. 7. December 19. Receive a purchase order with payment from Sonoma Distributors. Fill and ship the order. Record the sale. 8. December 22 Receive 14,000 lbs. red grapes at $0.99 per pound from Mendocino Vineyards. Also received Invoice No. M7634 from Mendocion vineyards with shipment. Terms on invoice are 2/10, net 30. Record the receipt of inventory. (transaction made on December 20) 9. December 26. Receive utility bill from Pacific Gas and Electric in the amount of $18,887.62 Prepare check No. 19402 10. December 30. Receive Brokerage Advice from Edwards Jones for purchase of 500 shares shares of Microsoft at $49.20 per share plus $400 broker's commission. Prepare Check No. 19468. 11. December 31. Receive payment in full for December 16 purchase from California Premium Beverage. Record the cash receipt. 12. December 31. Prepare check No. 19473 payable to Mendocino Vineyards for the shipment received on December 22. 13. December 31. Prepare Payroll Checks (Nos. 7111-7114) for Anna Johnson, Jose Rodriquez, Tom Bryan, and Bob Hissom. Prpare Check no 19474 to transfer cash from the general cash account to the payroll account. Record the payroll transactions and all appropriate accruals. 14. December 31. Prepare Cheeck no. 19475 to repay $50,000 of the principal on long-term debt to Bank of Huntington. Any help on any transactions would be greatlyyyyy appreciated!!!
Question 2
Review APA writing style requirements. Required Reading:(2011) SKS 7000-Executive Concepts in Business Strategy. Pearson Learning Solutions. ISBN: 9780558870638 SKS 7000-Executive Concepts in Business Strategy: Chapters 1, 9, 10, 11, 12, 13 Assignment The Chief Financial Officer (CFO) for XYZ Construction, Inc. has been promoted to the newly created position as the Vice President of Overseas Operations. The CFO?s absence leaves a void in the knowledge base of the owners group regarding several key financial and accounting principles. The owners need you to create a document for them that will help explain several key concepts, terms, and principles associated with financial management, accounting, internal control, cash management, and Sarbanes-Oxley regulations. For this assignment the requirement is to create a document for financial management and accounting that uses generic data and examples that defines and analyzes the following terms, concepts, and principles in a business perspective: Balance Sheet Income Statement Operating Cash Flows Statement of Retained Earnings Net Working Capital Economic Value Added Fixed Assets Turnover Ratio Net Profit Margin Sales Forecast Breakeven Analysis Financial Leverage Double-Entry Accounting System Ledger Liabilities T Account Balance of the Account Sarbanes-Oxley Act of 2002 Cash Equivalents Petty Cash Fund Voucher Length: 5-7 pages (app. 350 words per page) This paper should include example forms and example of data analysis associated with the aforementioned items. You do not have to write in narrative format as an APA-style research paper. Instead, This paper need only be a series of definitions and brief explanations. Be sure to describe, discuss, and analyze the terms thoroughly. The only required references for this assignment are the chapters included within the e-book, which contain all the information you need to complete this assignment. You may re-create the examples from the textbooks using your own generic data. Your mentor will only grade you on the completeness and accuracy of the assignment, not on APA form and style. Your writing should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Responses should reflect graduate-level writing standards and have no spelling, grammar, or syntax errors.
Question 3
(3-13) Data for Lozano Chip Company and its industry averages follow. a. Calculate the indicated ratios for Lozano. b. Construct the extended Du Pont equation for both Lozano and the industry. c. Outline Lozano?s strengths and weaknesses as revealed by your analysis. Lozano Chip Company: Balance Sheet as of December 31, 2013 (Thousands of Dollars) Cash $ 225,000 Accounts payable $ 601,866 Receivables 1,575,000 Notes payable 326,634 Inventories 1,125,000 Other current liabilities 525,000 Total current assets $2,950,000 Total current liabilities $1,453,500 Net fixed assets 1,350,000 Long-term debt 1,068,750 __________ Common equity 1,752,750 Total assets $4,275,000 Total liabilities and equity $4,275,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2013 (Thousands of Dollars) Sales $ 7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 825,000 Earnings before interest and taxes (EBIT) $ 300,000 Interest expense 111,631 Earnings before taxes (EBT) $ 188,369 Federal and state income taxes (40%) 75,348 Net income $ 113,022 Ratio Lozano Industry Average Current assets/Current liabilities __________ 2.0 Days sales outstanding (365-day year) __________ 35.0 days COGS/Inventory __________ 6.7 Sales/Fixed assets __________ 12.1 Sales/Total assets __________ 3.0 Net income/Sales __________ 1.2% Net income/Total assets __________ 3.6% Net income/Common equity __________ 9.0% Total debt/Total assets __________ 30.0% Total liabilities/Total assets __________ 60.0%
Question 4
1. Tax Planning and Business Strategy Case Study ACC665.v10R.Tax Planning and Business Strategy Case Study_Student.docx 2. Topics, Objectives, and Assignments Throughout this course, you will follow a case examining a person?s individual and business tax liability as changes occur within their life. You will be required to respond to issues concerning the case, in a professional report format, as an individual and as a member of an assigned Collaborative Learning Community (CLC). Both CLC reports and individual reports should include the following information from and based on the case study: 1) Appropriate Header ? Taxpayers name and date of meeting, which should be the assignment submission date. 2) Background information about the case study including a summary of current developments. 3) An analysis of the case scenario including the increase in its complexity with new developments and changes in applicable tax strategies. 4) The resulting impact of these changes on the individual and business. 5) Required resolutions and/or information for issues presented in each subsequent module as the case expands. 6) Appropriate citations and/or references used for each issue or problem should be provided so the entire staff and the firm?s review partner can easily determine your justification for each item. This will allow other members of the staff team (CLC) and your tax partner to see your search (audit) trail used in determining recommendations to the taxpayer?s issues.,I need an answer for the CLC Case Study Report A , and Individual Case Study Report A
Question 5
1. Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. Discuss strategies researchers use in order to make strong claims about the applicability of their findings to a target population. 2. Compare and contrast random selection and random assignment. Be sure to include a discussion of when you would want to do one or the other and the possible consequences of failing to do random selection or random assignment in particular situations. 3. Explain the relationship between sample size and the likelihood of a statistically significant difference between measured values of two groups. In other words, explain why, all else being equal, as sample size increases the likelihood of finding a statistically significant relationship increases. 4. Compare and contrast probability and non-probability sampling. What are the advantages and disadvantages of each? Submit: 1. Calculate the sample size needed given these factors: one-tailed t-test with two independent groups of equal size small effect size (see Piasta, S.B., & Justice, L.M., 2010) alpha =.05 beta = .2 Assume that the result is a sample size beyond what you can obtain. Use the compromise function to compute alpha and beta for a sample half the size. Indicate the resulting alpha and beta. Present an argument that your study is worth doing with the smaller sample. 2. Calculate the sample size needed given these factors: ANOVA (fixed effects, omnibus, one-way) small effect size alpha =.05 beta = .2 3 groups Assume that the result is a sample size beyond what you can obtain. Use the compromise function to compute alpha and beta for a sample approximately half the size. Give your rationale for your selected beta/alpha ratio. Indicate the resulting alpha and beta. Give an argument that your study is worth doing with the smaller sample. 3.In a few sentences, describe two designs that can address your research question. The designs must involve two different statistical analyses. For each design, specify and justify each of the four factors and calculate the estimated sample size you?ll need. Give reasons for any parameters you need to specify for G*Power.
