Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

Scenario: On June 1, 2017, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Below are the assets, liabilities, and common stock of the company June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:

Cash	$ 4,600	Notes payable	$12,000
Accounts receivable	4,000	Accounts payable	500
Service revenue	7,500	Supplies expense	1,000
Supplies	2,400	Maintenance and repairs expense	600
Advertising expense	400	Utilities expense	300
Equipment	26,000	Salaries and wages expense	1,400
Common stock	22,100

In June, the company issues no additional stock but paid dividends of $1,400.

Prepare an income statement, retained earnings statement, and balance sheet analyzing your findings using the questions below, in a total of 1,050 words:

• Briefly address whether the company’s first month of operations was a success.
• Discuss the company’s decision to distribute a dividend.

Use the Excel^® spreadsheet to show your work and submit it with your analysis.

 

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You would like to establish a WAN connectivity between your local offices across town. You are considering the use of a wireless solution. Complete and document research on the technology available to support the establishment of a WAN. Your document should address the following:

• At least 2 available solutions
• Benefits of this form of implementing
• Costs associated with the implementation of each solution
• A summary of 3 paragraphs stating which solution you have decided to implement and what motivated the decision

 

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