Question 1
1. What would be the appropriate entry for the following transaction? Bill Co. performed $5,200 in consulting services on account (Points : 2) Credit to Cash, Debit to Accounts Receivable Debit to Revenue, Debit to Cash Debit to Accounts Receivable, Credit to Cash Debit to Revenue, Credit to Cash Debit to Accounts Receivable, Credit to Revenue 2. The principle that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash and (3) measures the amount of revenue as the cash plus the cash equivalent value of any non-cash assets received from customers in exchange for goods or services is called the: (Points : 2) Going-concern principle Cost principle Revenue recognition principle Objectivity principle Business entity principle 3. Generally Accepted Accounting Principles: (Points : 2) Focus on the review of a situation Does not require financial statements Never change Intend to make information on the financial statements relevant, reliable and comparable Oversees Security and Exchange Commission 4. If equity is $300,000 and liabilities are $192,000, then assets equal: (Points : 2) $108,000 $192,000 $300,000 $492,000 $792,000 5. Source documents include all of the following except: (Points : 2) Sales tickets Ledgers Checks Purchase orders Bank statements 6. A credit is used to record: (Points : 2) An increase in an expense account An increase in an asset account An increase in an unearned revenue account A decrease in a revenue account A decrease to retained earnings 7. Which of the following elements are found on the income statement? (Points : 2) Cash Accounts Receivable Common Stock Retained Earnings Salaries Expense 8. Technological advancement (Points : 2) Has replaced accounting Has not changed the work that accountants do Has freed accounting professionals to concentrate more on the analysis and interpretation of information In accounting has replaced the need for decision makers In accounting is only available to large corporations 9. If the liabilities of a business increased $75,000 during a period of time and the equity in the business decreased $30,000 during the same period, the assets of the business must have: (Points : 2) Decreased $105,000 Decreased $45,000 Increased $30,000 Increased $45,000 10. Apatha Company has assets of $600,000, liabilities of $250,000 and equity of $350,000. It buys office equipment on credit for $75,000. The effects of this transaction include: (Points : 2) Assets increase by $75,000 and expenses increase by $75,000 Assets increase by $75,000 and expenses decrease by $75,000 Liabilities increase by $75,000 and expenses decrease by $75,000 Assets decrease by $75,000 and expenses decrease by $75,000 Assets increase by $75,000 and liabilities increase by $75,000
Question 2
I really need your help with this one before the specified time if at all possible. Also, would I need to rewrite anything or if i turn it in as you give it to me will there be any plagarism? Please assist immediately. I have attached background information and the readings needed to answer the questions of this case. Thank you in advance if you could make this happen for me. Introduction A number of inventors are working on new transportation methods which combine flight with driving. But even were such a new vehicle technically feasible, regulations allowed their use, and there was one or more market for them how would they be distributed? Would car dealerships stock a flying vehicle? Would it be sold through the Internet? Maybe they would be sold at airfields by the manufacturer? Maybe this would change over time as the market grew? Case Question Write a four page paper (excluding title page, references and any appendices) in which you respond to the following case question: Identify the various prospective "flying vehicles" referred to in the readings below. On page one: 1. Using the information provided and any aditional research you conduct, develop a table describing the flying vehicles discussed in terms of the attributes in which buyers are likely to be interested. (10%) 2. Include in the table the possible segments to which the flying vehicles might be targetted and below the table write a short description of each indicating the most important characteristics and requirements you believe these possible buyers might have that are particularly relevant to the distribution strategy you develop (see point 4). (10%) On Page two: 3. List and explain alternative distribution strategies and the factors which are generally important in making a channel strategy decision. (20%) On pages three and four: 4. Choose TWO flying vehicles from the table and using the information from items 1., 2., and 3. describe an appropriate distribution strategy for each one, using one page each. The two flying vehicles you select must be related to DIFFERENT SEGMENTS. In describing your proposed distribution strategies explain your reasoning for recommending them, referring to the information in the table in item 1. above as well as the map of U.S. airports accessible below and ensuring that you indicate to which segment(s) your chosen flying vehicles are targetted. (60%) Ensure that you repeat the case question shown in bold above in full and verbatim on the title page of your submission. Excluding your title and reference pages, your paper should be four pages long. Although this case question relates to channels of distribution you are expected to use both your knowledge acquired from MOD03 as well as your acquired knowledge from prior MKT301 modules. The percentages shown above indicate the importance graders will place on the various sections in determining a grade, assuming all sections are fully completed. However do not assume that items with only 10% can be omitted, or only partially completed as these form the basis for item 4, i.e. if they are poorly done item 4 will be affected. Lower weightings are assigned when the work involved is largely descriptive rather than involving analysis or depth or breadth or critical thinking. CASE EXPECTATIONS Use information from the background readings as well as the case articles and any good quality sources you can find. Please cite all sources and provide a reference list at the end of the paper. The following will be assessed in particular: ? Your demonstrated understanding of the marketing concepts central to the case question. ? Your identification of relevant criteria consumers will use for assessment of the product and development of a simple segmentation scheme. ? Your demonstrated understanding of factors related to the development of a distribution strategy through the analysis you conduct and their use in the context of the case. The criteria used for assessment will be those explained on the MOD01 Home page, namely: ? Focus. ? Breadth. ? Depth. ? Critical thinking. ? Effective and appropriate communication skills.
Question 3
I don't even know where to start. The final project assignment : Students will construct a well-diversified portfolio using an initial investment stake of $50,000 (the portfolio should use 95% of the fund, but they may not use more than $50,000). Students may include stocks, common or preferred; bonds, corporate or U.S. Treasury bonds; mutual funds, and futures contracts or options. Students will use the closing prices from the first day of the class to determine the price of each issue. Only whole lots of any issues may be acquired; that is, no less than 100 shares of common or preferred stock, no less than five corporate bonds or $10,000 for U.S. Treasury Bonds, no fewer than the minimum required investment for any mutual fund, and no fewer than five contracts for any option or futures position. The settlement date will be the first day of Week Three. Students do not have to use all of the above mentioned securities, but they must use more than one class. Transaction costs are ignored in the creation of the portfolio. The Final Project is to be written in accordance with APA guidelines as outlined in the Ashford Writing Center. For the Final Project, students will write a paper that: 1. Produces their investment strategy, including an assessment of their willingness to bear risk. 2. Summarizes and executes a detailed description of the securities in the portfolio, including brief historical information about each firm. 3. Executes a quarterly and annualized return on the portfolio, and the expected return for the portfolio (students may use the closing prices as of December 31st of last year). 4. Computes the beta of the portfolio (MERGENT, in the Ashford Online Library, can be used to find the historical betas of each security) using concepts learned within the course. 5. Summarizes the risks of their portfolio, and recognizes and interprets any areas where they might consider reinvesting portions of their portfolio to achieve either less risk or higher expected return.
Question 4
Khamsah Mining Company has purchased a tract of mineral land for $900,000. It is estimated that this tract will yield 120,000 tons of ore with sufficient mineral content to make mining and processing profitable. It is further estimated that 6,000 tons of ore will be mined the first and last year and 12,000 tons every year in between. (Assume 11 years of mining operations.) The land will have a residual value of $30,000. The company builds necessary structures and sheds on the site at a cost of $36,000. It is estimated that these structures can serve 15 years but, because they must be dismantled if they are to be moved, they have no salvage value. The company does not intend to use the buildings elsewhere. Mining machinery installed at the mine was purchased secondhand at a cost of $60,000. This machinery cost the former owner $150,000 and was 50% depreciated when purchased. Khamsah Mining estimates that about half of this machinery will still be useful when the present mineral resources have been exhausted but that dismantling and removal costs will just about offset its value at that time. The company does not intend to use the machinery elsewhere. The remaining machinery will last until about one-half the present estimated mineral ore has been removed and will then be worthless. Cost is to be allocated equally between these two classes of machinery. Instructions (a) As chief accountant for the company, you are to prepare a schedule showing estimated depletion and depreciation costs for each year of the expected life of the mine.
Question 5
Wendel Stove Company is developing a "professional" model stove aimed at the home market. The company estimates that variable costs will be $2,500 per unit and fixed costs will be $12,000,000 per year. Question- Suppose the company wants to set its price to equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year. Suppose the company estimates that it can sell 6000 units. What price will the company set?,"So the overall question is- Wendel Stove Company is developing a "professional" model stove aimed at the home market. The company estimates that variable costs will be $2,500 per unit and fixed costs will be $12,000,000 per year. A- Suppose the company wants to set its price to equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year. Suppose the company estimates that it can sell 6000 units. What price will the company set? B- What is odd about setting the price based on an estimate of how many units will be sold? C- Suppose the company sets a price as in part a, but the number of units demanded at that price turns out to be 5000. Revise the price in ligt of demand for 5000 units.
