Question 1
I have attached the fillable worksheet that goes with this and have highlighted what I cannot figure out and the worksheet displays ?wrong? on the incorrect answers. Morris Corporation is publicly owned, and its shares are traded on a national stock exchange. Morris has 16,000 shares of $2 stated value common stock authorized. Only 75% of these shares have been issued, and of the shares issued, only 11,000 are outstanding. On December 31, 2010, the Stockholder's Equity section revealed that the balance in Paid-In Capital in Excess of Stated Value was $416,000, and the Retained Earnings balance was $110,000. Treasury stock was purchased at an average of $37.50 per share: During 2011, Morris had the following transactions: Jan. 15 Morris issued, at $55 per share, 800 shares of $50 par, 5% cumulative preferred stock; 2,000 shares are authorized. Feb. 1 Morris sold 1,500 shares of newly issued $2 stated value common stock at $42 per share. Mar. 15 Morris declared a cash dividend on common stock of $0.15 per share, payable on April 30 to all stockholders of record on April 1. April 15 Morris reacquired 200 shares of its common stock for $43 per share. Morris uses the cost method to account for treasury stock. April 30 Morris paid dividends. April 30 Employees exercised 1,000 options granted in 2006 under a fixed stock option plan. When the options were granted, each option entitled the employee to purchase one share of common stock for $50 per share. The share price on the grant date was $51 per share. On April 30, when the market price was $55 per share, Morris issued new shares to the employees. The fair value of the options at the grant date was $6. May 1 Morris declared a 10% stock dividend to be distributed on June 1 to stockholder?s of record on May 7. The market price of the common stock was $55 per share on May 1 (before stock dividend). (Assume that treasury shares do not participate in stock dividends). May 31 Morris sold 150 treasury shares reacquired on April 15 and an additional 200 shares costing $7,500 that had been on hand since the beginning of the year. The selling price was $57 per share. June 1 Morris distributed the stock dividend. Sept. 15 The semiannual cash dividend on common stock was declared, amounting to $0.15 per share. Morris also declared the yearly dividend on preferred stock. Both are payable on October 15 to stockholders of record on October 1. Oct. 15 Morris paid dividends. Net income for 2011 was $50,000. Assume that revenues and expenses were closed to a temporary account, Income Summary. Use this account to complete the closing process. Instructions: 1.Compute the number of shares and dollar amount of treaury stock at the beginning of 2011. 2.Make the necessary journal entries to record the transactions in 2011 relating to stockholder's equity. 3.Prepare the Stockholder's Equity section of Morris Corporation's December 31, 2011, balance sheet.,I particularly need help with the Sept 15 transaction. Teresa Bissaillon,Hi Michael, Thank you so much for helping me with this! Can you advise on how you calculated the 4,247 Dividends for the Sept 15th transaction? Teresa
Question 2
Suggested Assignment Questions 1. What does your analysis of the data in Exhibit 3 suggest that Brad Twiddy might want to consider with respect to options for TSC?s supply chain? 2. What criteria would you use to evaluate the options? 3. As Brad Twiddy, what options would you recommend to Greg and what would be your schedule to evaluate these options and implement your plan ? POSSIBLE DISCUSSION QUESTIONS ( These are some issues you may want to address in answering the above questions) 1. Based on $72 million in sales last year (2006), what is the breakdown of year round, seasonal and highly season SKUs? 2. How quickly does TSC need distribution capacity? How much do they need and where? 3. What happens if direct shipments do not increase by 20 per cent? If growth is faster or slower than 20 per cent per year? 4. What are the advantages of handling all distribution out of London? What are the disadvantages?,this is the quastions and i have attach TSC stors case to answrs thoes question, did you see the attach file? Suggested Assignment Questions 1. What does your analysis of the data in Exhibit 3 suggest that Brad Twiddy might want to consider with respect to options for TSC?s supply chain? 2. What criteria would you use to evaluate the options? 3. As Brad Twiddy, what options would you recommend to Greg and what would be your schedule to evaluate these options and implement your plan ? POSSIBLE DISCUSSION QUESTIONS ( These are some issues you may want to address in answering the above questions) 1. Based on $72 million in sales last year (2006), what is the breakdown of year round, seasonal and highly season SKUs? 2. How quickly does TSC need distribution capacity? How much do they need and where? 3. What happens if direct shipments do not increase by 20 per cent? If growth is faster or slower than 20 per cent per year? 4. What are the advantages of handling all distribution out of London? What are the disadvantages?,do not write a complex word ,just write as intrnational studnts,did you see the attach ( STC store case )
Question 3
Dear Tutor, I downloaded the solution of the problem for CBA. Please explain step by step how did u get the mathematics since I'm getting different values. to clarify: from the assignment I tried to do step by step analysis of the payments to FT employees: 12$ x 40wk x 4 = 1920$ According the assignment: 12$ x 40 x 4 = 2240$ (I don't know from where?) Total costs 5 FT employees = 12 544 (including fringe), divided by 5 = 2508.8 and this amount - fringe(1344/5) 268.8 = 2240$. My question is from where? I'm getting 1920. Now please do step by step with your solution: 5 x 3 hours over time per employee (daily) x 4 weeks = $5400 (at $12 per hor). According me it should be 55hr (40hr+5x3)x5 employees x 4 weeks x 12$/hr = 2640$ not 5400$. From where? What do I'm missing here? please put this step by step with explanation and I would aso I can calculate the part time (2000$ according your solution). Thanks a lot.,Dear Tutor, Send me the complete answer to this this assignment: Proposal for New Employee Scenario: You are the Senior Supervisor for the Admissions Department of Valleybrook Hospital, a 500-bed hospital full service health care facility. In the past three years, admissions at Valleybrook have increased an average of 15% per year. Up to now, the admissions staff members have filed their own information but increases in admissions, filing is backing up. Observing this, you need to prepare a justification proposal for a part-time filing clerk. Use the information below, Figure 16-9 (page 577) and Table 16- 2 (p. 578) from the course textbook to calculate a Cost Benefit Analysis (CBA). Prepare the proposal using the CBA template including thorough justification and the CBA you have configured and submit it through the Dropbox. Facts: ? Currently have 5 full-time admissions clerks at $12 per hour or $12, 544.00 monthly cost (including $1344 fringe costs). The admissions clerks are so busy with admissions and paperwork related to admittance that they do not have adequate time to file all their paperwork. ? Part-time filing clerk needed at 20 hours (no fringe) at $10 per hour ? Increase in admissions has increased revenue an average of $300,000 monthly. With expenses factored in, there is a profit for Valleybrook of approximately $100,000 monthly. ? Profit configured conservatively at 5% increase, Valleybrook would still realize a clear profit of approximately $30,000 monthly. Option 1: Existing admissions clerks can work overtime. Each clerk will work 3 hours overtime each week. Option 2: Hire a part-time filing clerk.
Question 4
I need a simple Accounting essay completed. Please select only ONE of the 3 essays to pick. No minimum wording as long as its correct and can be explained in a essay formate. SELECT ONLY ONE. No guessing, I need correct answer. 1) Determine the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n/30. Explain how you reached your answer. $ ________ 2) Nicki?s Pet Supply needs to estimate its ending inventory. Using the data below, compute Nicki?s estimated cost of ending inventory for the month of April. Explain how you reached your answer. Beginning inventory April 1 $2,000 Purchases for April $12,000 Retail sales during April $13,000 Normal gross profit average 40% 3) Given the following accounts: [1] Cash [2] Accounts receivable [3] Merchandise inventory [4] Supplies [5] Accounts payable [6] Sales [7] Sales returns and allowances [8] Sales discounts [9] Cost of goods sold [10] Purchases [11] Purchase returns and allowances [12] Purchase discounts [13] Purchase discounts [14] Freight in [15] Freight expense Indicate the account(s) to be debited and credited to record the following transactions. Explain how you reached your answer. Sold merchandise for cash. ? Periodic Debit ______ & ______ Credit ______ & ______
Question 5
Construct a table showing a comparison of data (including location, square footage, total price, price per square foot, and specifications), for both houses and then write a 3?4-page paper detailing the following: 1. What is the logic for choosing your two ZIP codes? Is the selection based upon work location, family location, good schools, and so on? 2. What is the logic behind choosing the size and specifications of each house? 3. Compare the total price of the two homes. 4. Compare the price per square foot for each house. 5. Compare the demographic data (referring to the location and ZIP code) of each house. Based upon these data, try to explain the similarities and differences in pricing for each home. 6. Select the home that you will purchase and explain the reasoning behind your selection. Assume that at least a 20% down payment is required. How much money would you need to have saved? After the down payment, what would be the purchase price of the home? 7. Assume the following: Closing costs (including all potential loan origination, title, and closing fees) are $3,500. You have been approved for a 30-year fixed-rate mortgage note at a rate of 5.0%. Calculate the monthly payment for this loan. (It is recommended that you show your calculation.) 8. Using your textbook readings this week as a resource, and based upon your monthly gross income and current additional debt payments, perform the calculations below (it is recommended that you show your calculations). Your affordable monthly mortgage payment (assume your lender uses a guideline of 33% for monthly gross income or 38% if you have other debt payment obligations) Your affordable mortgage amount (meaning the amount that can be financed; assume the loan terms under #7b) Your affordable home purchase price (assume a 20% down payment). Compare these calculations to the previous data under #6 and #7. What are your conclusions? Discuss your findings, including any surprises! When purchasing a home, what additional considerations must you take into account? Discuss the parties that will be involved, what type of documentation will be required, home inspection requirements, any additional financing options that you would evaluate, and so on Present a general summary regarding home ownership. What are the advantages and disadvantages of home ownership, and how does your personal choice fit into your overall personal financial plan? pick the same specification and choose a house that was built in the same year or so as the first house. Also, try your best to find a house that has the same lot size and square footage as the first house. Go to the following website: http://www.realtor.com/. http://www.census.gov. APA cited
