The information provided in this test allows you to complete transactions for an

Get college assignment help at Smashing Essays The information provided in this test allows you to complete transactions for an Ontario company named BODY ART. BODY ART specializes in high quality aesthetic body art with sterile equipment. Before beginning any tattoo work, customers watch a brief consultation video from a dermatologist describing the process and cost of reversing their decisions. The new manager of the store buys tattoo designs and also creates custom designs for patrons with special requests. Most patrons choose from a stock of designs purchased from other artists. Her assistant completes much of the tattoo work. In stock designs are entered as inventory items, with prices based on size and complexity. Temporary tattoos are also available. The ink used for tattoos is charged to customers as inventory sales. The tattoo application and custom design work are charged as services on the basis of time. All ledgers are used.

Sales Journal – What is the total debited to Sales

Question Sales Journal – What is the total debited to Sales Returns (A/C #30200) for December?»Sales Journal – What is the total debited to Accounts Receivable (A/C #10200) for December?»Cash Receipts Journal – What is the total debited to Sales Discounts (#30300) for December?»Purchases Journal – What is the total credited to Accounts Payable (A/C #20100) for December?»Cash Disbursements Journal – What is the total debited to Accounts Payable (A/C #20100) for December?»Cash Disbursements Journal – What is the total debited to Freight In (A/C #30800) for December?»Accounts Receivable Aged Trial Balance – What is the total amount for the “Current” column?»Accounts Payable Trial Balance – What is the total owed to all vendors at 12/31?»Accounts Payable Trial Balance – How much does Waren owe Gillett Consulting 12/31?»Employee Earnings Subsidiary Ledger – What is the total federal income tax withheld for the year for Ray Kramer?»Fixed Asset Subsidiary Ledger – What is the total purchase price of the 11-inch tablet computers?»General Journal – How much is the credit to State Unemployment Taxes Payable (A/C #20400) for December?»General Journal – How much was the payroll tax expense for December?»Bank reconciliation – What is the total of the outstanding checks at 12/31?»Bank reconciliation – What is the total of the deposits in transit at 12/31?

What is the applied costs? ATTACHMENT PREVIEW Download attachment Capture.PNG

Question What is the applied costs? ATTACHMENT PREVIEW Download attachment Capture.PNG

If your company is conducting business, how would you interpret

Question If your company is conducting business, how would you interpret the following: 5/10, n 30?

for the attached spreadsheet, I am having trouble figuring out

Question for the attached spreadsheet, I am having trouble figuring out how to perform a sensitivity analysis and also how to perform a scenario analysis for my spreadsheet

Hollow just paid a dividend of $1.68. They expect dividends

Question Hollow just paid a dividend of $1.68. They expect dividends to grow at 10% for the next 3 years. After year 3, the growth rate will fall to the industry average of 3%. If the required return is 8%, find the current price.  Please write down all steps for understanding. Excel preferred.

A friend, Mocha, has decided to start a coffee shop,

Question A friend, Mocha, has decided to start a coffee shop, Mocha Specialty Coffees, Inc., and has asked your help (you are getting an MBA) in developing projected financial statements for the first five years. Mocha’s banker is requesting five years of projected financial statements as part of her business plan in order to evaluate Mocha’s loan application.            Mocha will use $75,000 she inherited from her grandfather to help start the busi­ness, and she will borrow from the bank the remaining money, if any, she needs. She has found a location in a strip mall that will rent her space for $1,500 per month, and she estimates that utilities will cost another $1,500 per month. Salaries and wages should cost approximately $5,000 per month, but the total of these costs will rise another $1,000 per month as sales exceed $400,000 per year. Last, Mocha estimates that advertising and promotion will run at 3% of gross sales. Use an income tax rate of 25%, combined both federal and state.            Sales will start at $200,000 for the first year, rise to $225,000 in the second year, and $300,000 in the third. In the fourth year Mocha’s coffee shop has an incredible year with sales of $450,000. However, her success draws a great of attention as well as competitors. As a result year 5 sales drop to $250,000. Mocha is expecting you to help her estimate gross margin. You must explain your estimate.             Mocha will have to spend $100,000 on fixtures and equipment, and she will depreciate these assets over five years using the straight line method; all assets will have zero salvage value at the end of their lives. She expects inventory to turn six times per year, and seventy-five percent of sales will be on credit and debit cards. Assume a credit/debit card collection fee of 2%. All suppliers expect payment for merchandise in thirty days. Mocha’s banker requires that she maintain a minimum of $5,000 cash balance.             Any money borrowed will cost 10% for interest. Required: 1.    Prepare proforma financials for the first five years of operation. (must be done in Excel)2.    What if Mocha had to borrow all the money she needs to get started? Prepare proforma financial statements if Mocha had to borrow $75,000.3.    Discuss the differences you observe between (1) and (2). I’m not really sure how to set up my income statement, balance sheet, or cash flow financial statements correctly with the information provided in this question.

Why should management be concerned about the efficiency of the

Question Why should management be concerned about the efficiency of the end-of-period procedures?

Subject: Finance and AccountingNumber of words: 550 Number of sources: 3Style: APAInsurance

Subject: Finance and AccountingNumber of words: 550 Number of sources: 3Style: APAInsurance Assignment Sam and Susan Scully have come to financial planner Lissa Cardenas to ask about the adequacy of their life insurance coverage.They have two children ages 4 and 2.They are each 35 years old.Sam works full-time in a management position in a manufacturing company.He earns $95,000 p.a. and does not expect further promotions, but does expect his salary will keep pace with inflation.His take home pay is $70,000 after all deductions.Susan spends much of her time as a homemaker, but she earns $15,000 p.a. in part-time jobs, which is also her take home pay.She expects she will continue to do that in the future.They plan to retire when Sam reaches age 65.They would like to continue to support the children for the first few years after high school; they are saving a small amount every year in an RESP for them.The balance in the RESP is now $10,000.They live in Wawanesa, Manitoba.They also have $40,000 in TFSAs, $10,000 in bank accounts and $4,000 in an RRSP.Sam will get a reasonably good employer pension, but Susan will get only CPP when she retires.If Sam predeceases her, she would get a top-up of CPP that would take her to the maximum CPP.They own their own home in Wawanesa, Manitoba, with a mortgage of $200,000 and an estimated market value of $400,000.They pay off the credit cards completely every month and have no other debts.Their budget is balanced, but after paying normal living expenses, the mortgage and small contributions to the RESP and $5,000 to the TFSA, they will not have money for much else.They are in excellent health and do not smoke.Susan gets no benefits from her work, other than the mandatory employer contributions to CPP.In addition to the pension plan, Sam has good extended health care insurance and life insurance worth two times his salary, from the employer.His employer has a long-term disability plan and Sam pays the premiums for a benefit of 65% of his salary if he is unable to perform his existing job.They would have to pay $10,000 p.a. to replace the employer benefits.Sam also has a whole life insurance policy with a face value of $100,000 and a cash surrender value of $6,000.They own only one car because Sam doesn’t need a car for his work.It is insured for $200,000 liability, collision, theft and accident, with a deductible of $100.The house is insured for $100,000.The insurance company estimates that the land is worth $80,000 of $250,000 market value.The deductible is $100.Required:

Can you help me with the week 4 Case Study:

Question Can you help me with the week 4 Case Study: There are also hints contained within certain cells on some of the Worksheet tabs.  You can hover over the red pointer at the top right-hand corner of the cell to read the hint. Hints are provided for the following balances: 1) The debits for the journal entries are on the Journal Entries tab. 2) The credits for the journal entries are on the Journal Entries tab. 3) The cash balance is on the General Ledger tab. 4) The debits for the trial balance are on the Trial Balance tab. 5) The credits for the trial balance are on the Trial Balance tab. 6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab. 7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab. 8) Net income for the income statement is on the Financial Statements tab. 9) Retained earnings as of July 31 are on the Financial Statements tab. 10) Total assets for the balance sheet are on the Financial Statements tab. 11) Total liabilities and shareholders’ equity for the balance sheet are on the Financial Statements tab. 12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab. 13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab. Requirement #1: During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation, completed the following transactions. July 1 Began business by making a deposit in a company bank account of $40,000, in exchange for 4,000 shares of $10 par value common stock. July 3 Paid the current month’s rent, $2,500 July 5 Paid the premium on a 1-year insurance policy, $3,600 July 7 Purchased supplies on account from Little Company, $700. July 10 Paid employee salaries, $2,800 July 14 Purchased equipment from Lake Company, $9,500. Paid $1,500 down and the balance was placed on account. Payments will be $500.00 per month for 20 months. The first payment is due 8/1. Note: Use accounts payable for the balance due. July 15 Received cash for preparing tax returns for the first half of July, $6,500 July 19 Made payment on account to Lake Company, $500. July 31 Received cash for preparing tax returns for the last half of July, $8,250 July 31 Declared and paid cash dividends of $450. Prepare journal entries to record the July transactions in the General Journal below. Use the following account names for journal entries. General Journal Chart of Accounts: Account Title (Normal Balance) Date Description(Account Name) Debit Credit         Assets         Cash (Debit)         Prepaid Insurance (Debit)         Supplies (Debit)         Equipment (Debit)         Accumulated Depreciation – Equipment (Credit)                 Liabilities         Accounts Payable (Credit)         Income Tax Payable (Credit)                 Stockholders’ Equity         Common Stock (Credit)         Retained Earnings (Credit)         Dividends (Debit)                 Revenue         Tax Preparation Revenue (Credit)                 Expenses         Rent Expense (Debit)         Salaries Expense (Debit)         Insurance Expense (Debit)         Supplies Expense (Debit)         Depreciation Expense (Debit)         Income Tax Expense (Debit)                                                 0 0 Note: Remember that debits must equal credits—All of your journal entries should balance.

This is for QuickBooks Online Accountant: I am wanting to

Get college assignment help at Smashing Essays Question This is for QuickBooks Online Accountant: I am wanting to verify that how I had answered this question with these 2 selections is/are correct.Thank you! ATTACHMENT PREVIEW Download attachment QBO Recert Exam 3.1.png Question 1 In which 2 situations should you use Projects instead ofsub-customers? {Select all that apply) D You want a different address for a job than for other jobs of the same parent. 8 You want to see one-click unloilled time and expenses for a particularjob. D You want to invoice the job without invoicing the parent. 8 You want to see the costs related to time entered for employees or vendors. D You want to be able to invoice the customer, create jobs {or locations, and sub-jobs For work done.

You want to estimate the value of a local advertising

Question You want to estimate the value of a local advertising firm. The earnings of the firm are expected to be $2 million next year. Based on expected earnings next year, the average price-to-earnings ratio of similar firms in the same industry is 52. Therefore, you estimate the value of the firm you are valuing to be $104 million.Further investigation shows that a large portion of the firm’s business is obtained through connections that John Smith, a senior partner of the firm, has with various advertising executives at customer firms. Mr. Smith only recently started working with his junior partners to establish similar relationships with these customers.Mr. Smith is approaching 65 years of age and might announce his retirement at the next board meeting. If he does retire, revenues will drop significantly and earnings are estimated to shrink by 35 percent. You estimate that the probability that Mr. Smith will retire this year is 50 percent. If he does not retire this year, you expect that Mr. Smith will have sufficient time to work with his junior partners so his departure will not affect earnings when he departs. How does this information affect your estimate of the value of the firm? (Round answer to 2 decimal places, e.g. 52.75.)Value of the firm million

hi, could you help me here please??thanksRead the following scenario

Question hi, could you help me here please??thanksRead the following scenario You are the manager in charge of a chain of restaurants. The restaurants are run by licensees who sign a contract with your company. This is known as a “franchising arrangement”. The intellectual property of your company includes: ·        its logo and name – which are registered with IP Australia ·        its décor and design – which is registered as a design with IP Australia ·        the menu and recipes – which are trade secrets You have been advised by one of the licensee that a previous employee of the restaurant has now opened a restaurant nearby. The logo and décor are quite different but the previous employee was the chef. His menu is 80% identical to your company’s menu. There are additional meals on the menu that he has created. Your company does not provide a template employee contract to licensees. The previous employee did not sign a confidentiality agreement in relation to protection of trade secrets.   Research the intellectual property rights and responsibilities in this situation. Consider whether your company or the licensee have any rights in law to sue the chef. Consider how your company can modify its operations to ensure this situation does not occur again. Intellectual Property of the Business  1.1 Identify the 3 types of intellectual property that the organisation needs to protect.For each of the 3 types, explain:·        The importance of the property to the business.·        The ways that each can be protected and rights of the business if there is a breach.        Area of Concern  2.1 Explain the situation that was brought to your attention by the licensee      2.2 Explain why this situation is detrimental to the business.     2.3 Explain the results of your research, and whether there is a remedy at law in the current situation.    Recommendation  3.1 Provide a recommendation for a variation to the operational plan, which will ensure that in future the business would have a remedy at law in the same situation.  

Which of the following can result in a decreases in

Question Which of the following can result in a decreases in the demand for iPods in the short-run? A. a decrease in the population B. a decrease in real household incomes C. a decrease in the price of mp3/mp4 players D. all of the above

cost accounting study tips

Question cost accounting study tips

1. You have just started a new job with a

Question 1. You have just started a new job with a mid-size company as manager of the production department. When you asked for the budget for your department you were told that the company does not have a budget but that you must get all new expenditures approved by the president. All other expenditures are based on previous purchases and needs.Compose a short email – because the president it too busy to read anything longer than that – proposing a budget process for your company and more specifically for your department.2. The president has shown some interest in your suggestion for a budget and has done some research and is asking you about a flexible budget system. Explain to him how a flexible budget works and the advantages of adopting this system for your company.Compose a short email – because the president it too busy to read anything longer than that – proposing a flexible budget system for your company.

I worked this problem out but I am not sure

Question I worked this problem out but I am not sure if it is correct. Please let me know if it is correct and provide work if the problem is wrong. I have attached an image of the problem. Thank you ATTACHMENT PREVIEW Download attachment Screenshot (766).png 5. Jasper Corp, has the following Stockholders’ Equity account balances and activity for Year 2. Net income $12,700,000 Retained earnings $15,250,000 Preferred stock shares outstanding 1,000 Common stock shares outstanding at January 1, Year 2 7,255,000 Additional Common shares issued at July 1, Year 2 20,000 3-for-1 stock split at December 31, Year 2 Preferred Dividends $10,000 Common Dividends $62,000 Year 1 EPS $2.56 Earnings per share = (12,700,000 – 10,000)/ 10,912,500 * = $1.16 * Compute Denominator: Weighted average common shares outstanding Date Shares Portion of year Weighted Average Shares January 1, Y2 7,255,000 6/12 =.50 3,627,500 July 1, Y2 20,000 6/12 =.50 10,000 Weighted Average December 31 3,637,500 before split Stock split 3-for-1 3,637,500 x 3 = 10,912,500 *Total Weighted Average, 12/31/Y2 $10,912,500 Note: Year 1 restated $2.56 / 3 = $.85Read more

NEGOTIATION – PRINCIPLES AND PRACTICES course 635The contract document will

Question NEGOTIATION – PRINCIPLES AND PRACTICES course 635The contract document will be prepared using what document as a guide? a. FAR Part 52 clause matrixb. The uniform contract formatc. The memorandum of agreement signed at conclusion of negotiationsd. PL 87-653, the Truth in Negotiations Acte.    All of the above

how many unlocks I have left

Question how many unlocks I have left

The information provided in this test allows you to complete transactions for an

The information provided in this test allows you to complete transactions for an Ontario company named BODY ART. BODY ART specializes in high quality aesthetic body art with sterile equipment. Before beginning any tattoo work, customers watch a brief consultation video from a dermatologist describing the process and cost of reversing their decisions. The new manager of the store buys tattoo designs and also creates custom designs for patrons with special requests. Most patrons choose from a stock of designs purchased from other artists. Her assistant completes much of the tattoo work. In stock designs are entered as inventory items, with prices based on size and complexity. Temporary tattoos are also available. The ink used for tattoos is charged to customers as inventory sales. The tattoo application and custom design work are charged as services on the basis of time. All ledgers are used.

ACTUALLY NEED THE SOLUTIONS OF THIS AND NOT BEING ABLE

Question ACTUALLY NEED THE SOLUTIONS OF THIS AND NOT BEING ABLE TO UNDERSTAND. alt=”Screen Shot 2019-08-01 at 3.22.27 pm.png” /> ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 3.22.27 pm.png AutoSave OFF 1102AFE assessable homework 2 T2 2019 – Saved to my Mac Q Search in Document Home Insert Draw Design Layout References Mailings Review View EndNote X9 Share Comments Times New… v 18 A

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provided in this test allows you to complete transactions for an appeared first on Smashing Essays.

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