Research Master Essays

The essay is done.  All that needs to be done is to edit the Word doc

Writing Assignment #1 will be a comparison-contrast essay on the ideas of parenting of Amy Chua and of Hanna Rosin.

·         Amy Chua, “Why Chinese Mothers are Superior”

http://online.wsj.com/article/SB10001424052748704111504576059713528698754.html

·         Hanna Rosin, “Mother Inferior?”

http://online.wsj.com/article/SB10001424052748703959104576082434187716252.html

Your essay should have the following:

·         an introductory paragraph with a thesis statement.

·         at least three body paragraphs that illustrate at least three major points and defend these points by referring to the Chua article and the Rosin article.

You will want to paraphrase or quote from the texts as appropriate.  Don’t worry about citation style for this paper.  If you quote from or paraphrase either author, simply put that author’s name in parentheses after the sentence that contains the quotation or paraphrase.

Your body paragraphs should follow either the block pattern of organization or the alternating pattern of organization.

·         a compelling concluding paragraph. 

Please emphasize the differences between the two authors in this essay.  You may want to point out the similarity or similarities.  However, the main focus of your essay will be on their differences.

Length: 1000-1200 words

COMPREHENSIVE PROBLEM 1: THE ACCOUNTING CYCLE

            Bob Night opened, “The General’s Favorite Fishing Hole.”  The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season.  Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon.  The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques.  The chart of accounts for the camping operations is provided below.

The General’s Favorite Fishing Hole: Chart of Accounts

The following transactions took place during April 2015

Day Trans# Desc

1 1101 Night invested cash in business, $90,000.

1 1102 Paid insurance premium for six-month camping season, $9,000.

2 1103 Paid rent for lodge and campgrounds for the month of April, $40,000.

2 1104 Deposited registration fees, $35,000.

2 1105 Purchase ten fishing boats on account for $60,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. Arrangements were made to pay for the boats in July.

3 1106 Purchase food supplies from Acme Super Market on account, $7,000.

5 1107 Purchase office supplies from Gordon Office Supplies on account, $500.

7 1108 Deposited registration fee, $38,600.

10 1109 Purchased food supplies from Acme Super Market on account, $8,200

10 1110 Paid wages to fishing guides, $10,000

14 1111 Deposited registration fees, $30,500

16 1112 Purchased food supplies from Acme Super Market on account, $9,000

17 1113 Paid wages to fishing guides, $10,000

18 1114 Paid postage, $150.

21 1115 Deposited registration fees, $35,600

24 1116 Purchased food supplies from Acme Super Market on account, $8,500

24 1117 Paid wages to fishing guides, $10,000

28 1118 Deposited registration fees, $32,000.

29 1119 Paid wages to fishing guides, $10,000

30 1120 Purchased food supplies from Acme Super Market on account, $6,000.

30 1121 Paid Acme Super market on account, $32,700.

30 1122 Paid utilities bill, $2,000.

30 1123 Paid telephone bill, $1,200.

30 1124 Bob Night withdrew cash for personal use, $6,000.

Adjustment information for the end of April is provided below.

Office supplies remaining on hand, $100.

Food supplies remaining on hand, $8,000.

Insurance expired during the month of April, $1,500.

Depreciation on the fishing boats for the month of April, $1,000.

Wages earned, but not yet paid, at the end of April, $500.

Required:

Enter the transactions in a general journal. Enter transactions from April 1-5 on pages 1, April 7-18 on page 2, April 21-29 and the first two entries for April 30 on page 3, and the remaining entries for April 30 on page 4.

Post the entries to the general ledger.(if you are not using the working papers that accompany this text, you will need to enter the account titles and account numbers in the general leger accounts).

Prepare a trial balance on a work sheet.

Complete the work sheet.

Journalize the adjusting entries (page 5)

Post the adjusting entries to the general ledger.

Prepare the income statement.

Prepare the statement of owner’s equity

Prepare the balance sheet.

Journalize the closing entries (page 5 and 6)

Post the closing entries to the general ledger.

Prepare a post-closing trial balance.

COMPREHENSIVE PROBLEM 1, PERIOD 2: THE ACCOUNTING CYCLE

            During the month of May 2015, The General’s Favorite Fishing Hold engaged in the following transactions.  These transactions required an expansion of the chart of accounts as showing below

The General’s Favorite Fishing Hole

The following transactions took place during May 2015

Day Trans# Desc

1 2101 In order to provide snacks for guests on a 24 hour basis, Night signed a contract with Snack Attack.  Snack Attack will install vending machines with food and drinks and pay a 10% commission on all sales.  Estimated payments are made at the beginning of each month.  Night received a check for $200, the estimated commission on sales for May.

2 2102 Night purchased a surround sound system and big screen TV with a Digital Satellite System for the guest lounge.  The surround sound system cost $3,600 and has an estimated useful life of 5 years, and no salvage value.  The TV cost $8,000 and has an estimated useful life of 8 years, and a salvage value of $800.  Night paid cash for both items.

2 2103 Paid for May’s programming on the new Digital Satellite System, $125.

3 2104 Night’s office manager returned $100 worth of office supplies to Gordon Office Supply.  Night received a $100 reduction in our account with Gordon.

3 2105 Deposited registration fees, $52,700

3 2106 Paid rent for lodge and campgrounds for the month of May, $40,000.

3 2107 In preparation for the purchase of a nearby campground, Night invested an additional $600,000.

4 2108 Paid Gordon Office Supply on account, $400.

4 2109 Purchased the assets of a competing business and paid cash for the following: land $100,000, lodge $530,000 and fishing boats $9,000.  The lodge has a remaining useful life of 50 years and a $50,000 salvage value.  The boats have remaining lives of 5 years and zero salvage value.      

5 2110 Paid May’s insurance premium for the new camp, $1,000

5 2111 Purchased food supplies from Acme Super Market on account, $22,950.

5 2112 Purchased office supplies from Gordon Office Supplies on account, $1,200.

7 2113 Night paid $40 each for one-year subscriptions to Fishing Illustrated, Fishing Unlimited, and Fish Master.  The magazines are published monthly.

10 2114 Deposited registration fees, $62,750

13 2115 Paid wages to fishing guides, $30,000.  (Don’t forget wages payable.)

14 2116 A guest because ill and was unable to stay for the entire week.  A refund was issued in the amount of $1,000.

17 2117 Deposited registration fees, $63,000.

19 2118 Purchased food supplies from Acme Super Market on account, $18,400.

21 2119 Deposited registration fees, $63,400

23 2120 Paid $2,500 for advertising spots on National Sports Talk Radio

25 2121 Paid repair fee for damaged boat, $ 850.

27 2122 Paid wages to fishing guides, $30,000.

28 2123 Paid $1,800 for advertising spots on billboards.

29 2124 Purchased food supplies from Acme Super Market on account, $14,325.

30 2125 Paid utilities bill, $3,300

30 2126 Paid telephone bill, $1,800.

30 2127 Paid Acme Super Market on account, $47,350.

31 2128 Bob Night withdrew cash for personal use, $7,500.

Adjustment information at the end of May is provided below.

Total vending machine sales were $2,300 for the month of May.  A 10% commission is earned on these sales.

Straight-line depreciation is used for the 10 boats purchased on April 2nd for $60,000.  The useful life for these assets is 5 years and there is no salvage value.  A full month’s depreciation was taken in April on these boats.  Straight-line depreciation is also used for the two boats purchased in May.  Make one adjusting entry for all depreciation on the boats.

Straight line depreciation is used to depreciate the surround sound system.

Straight line depreciation is used to depreciate the big screen TV.

Straight line depreciation is used for the building purchased in May.

On April 2nd Night paid $9,000 for insurance during the six-month camping season.  May’s portion of this premium was used up during this month.

Night received his May issues of Fishing Illustrated, Fishing Unlimited, and Fish Master.

Office supplies remaining on hand, $150.

Food supplies remaining on hand, $5,925.

Wages earned, but not yet paid, at the end of May, $6,000.

Required:

Enter the above transactions in a general journal.  Enter transactions from May 1-4 on page 5, May 5-28 on page 6, and the remaining entries on page 7.  To save time and space, don’t enter descriptions for the journal entries.

Post the entries to the general ledger.  (If you are not using the working papers that accompany this text, you will need to enter the account titles, account numbers, and balances from April 30 in the general ledger accounts.)

Prepare a trial balance on a work sheet.

Complete the work sheet.

Journalize the adjusting entries on page 8 of the general journal.

Post the adjusting entries to the general ledger.

Prepare the income statement.

Prepare the statement of owner’s equity

Prepare the balance sheet.

Journalize the closing entries on page 9 of the general journal.

Post the closing entries to the general ledger.

Prepare a post-closing trial balance.

Possible Post-Closing Trial Balance (Unverified yet)

April 30, 20—

J.D. Williams Inc.

Part I. 

J.D. Williams is an investment advisory firm that manages $120 million in funds for its clients. The company utilizes several financial approaches in advising their clients how to achieve optimal portfolio returns. They are as follows:

· An Asset Allocation Model – An asset allocation model, which provides individual clients with an investment strategy in order to obtain optimal investment combinations.

· Percentage Limitations – The Company strongly recommends investment diversity as a protection of the investors’ assets. 

· A Risk Tolerance Analysis – The Company conducts an analysis of the individual investor’s risk tolerance and adjusts their portfolios accordingly.

J.D. Williams has recently contracted with a new client and would like to determine the best way to allocate the client’s $800,000 in available funds for optimal growth. The subsequent sections of this report provide an outline of the investment recommendation provided to the client.

II.Model Formulation

a. Decision Variables

GF =        $ amount of investment in growth stock fund 

IF = $ amount of investment in income fund

MMF $ amount of investment in money market fund

b. Objective Function Definition

Maximize the total return of the portfolio Max 0.18GF + 0.125 +0.075MMF

3. Constraint Definition

s.t.1GF + 1IF + 1MMF    <= 800,000 $ amount available to invest

.80GF -.20IF -.20MMF >= 0

$ amount invested in the growth fund should be at least 20% of total portfolio.

.60GF -.40IF -.40MMF <= 0 $ amount invested in the growth fund 

should be at most 40% of total portfolio

-.20GF +.80IF -.20MMF > 0$ amount invested in the income fund should be at least 20% of total portfolio

-.50&F +.50IF -.50MMF <= 0$ amount invested in the income fund should be at most 50% of total portfolio

-.30GF -.30IF +.70MMF >= 0$ amount invested in the money market fund that should be least 30% of total portfolio

   .05GF +.021F -.04MMF <= 0 Investor’s risk tolerance index 

III. Key Assumptions

The following table provides information that stipulates the key assumptions taken into consideration in the development of the investment recommendation.

PortfolioRisk IndicatorsForecasted Annual Yields

Growth Stock Fund0.100.18

Income Fund0.070.125

Money Market Fund0.010.075

This means that, we assume that the risk indicators and forecasted yields are given as true above. We also assume that the client does not want to consider other investment options. A maximum risk index of 0.05 has been assigned for the new client.

Therefore;

Part 1

The optimal portfolio allocation J.D. Williams recommends is as follows:

Growth Fund           =    $248,889 

Income Fund            =       $160,000 

Money Market Fund =       $391,111

Total =        $800,000

The anticipated annual yield is:

Growth Fund          = $248,889 x 0.18 = $44,800 

Income Fund           = $160,000 x 0.125= $20,000 

Money Market Fund = $391,111 x .075= $29,333

        Total = $94,133

Total Anticipated Annual Yield$ 94,133 = 11.77%

                                          $800,000

Part 2 

In regards to risk tolerance index, if the client’s index were raised by one half of a percentage point, from .05 to .055, the annual yield on investment consequently would increase by $4,667, from $94,133 to $98,800.

The modified asset allocation recommendation and its corresponding projected annual return are as follows:

Fund Allocation                                      Projected Annual Yield

Growth Fund     =$ 293,333               Growth Fund = $293,333 x 0.18 = $52,800

Income Fund     =$ 160,000                Income Fund = $160,000 x 0.125    = $20,000

M Market Fund =$ 346,667                M Market Fund=$346,667 x 0.075 =$26,000

                Total   =$ 800,000                                                         Total = $98,800

            Total Anticipated Annual Yield = $ 98,800/$800,000 = 12.35%    

Part 3 

 I would not propose a change in the investment recommendation if the annual yield is revised downward to 16% as it is within the Range of Optimality. However, if it were to change to 14%, it will be outside the lower limit. As such, the value will change from $94,133. to $85,067, therefore, we would not recommend going below 15%.

Any lower index values that fall outside the growth fund’s range of optimality under the origins recommendation would warrant a new investment strategy for the client, because these values results in a change of the original projected total annual yield value.

However, the present recommendation of investment allocation in the growth fund is based on the fund’s given range of optimality, which measures from 15% to an infinite number of annual yield values. This range indicates that any possible index increase of this fund, i.e., 16% and higher, would not have an impact in the portfolio’s optimal asset allocation yet, it would positively affect the objective function’s total annual yield value from the original projected value of $94,133.

Conversely, potential downward fluctuations, falling below the growth fund’s annual yield lower limit index of 15%, would constitute a deviation from the originally recommended asset allocation and it’s corresponding projected value of $94,133, as the new value falls outside the fund’s range of optimality. 

Part 4 

Financial portfolio theory stresses obtaining a proper balance between risk and return. Choosing the appropriate constraints is an effective method that ensures this balance.

Given the risk indexes of .10 and .07 of the growth fund and income fund, respectively, the client may opt to choose a less aggressive approach by limiting the growth fund’s investment amount to equal, yet not surpass, the amount invested in the income fund This change in investment strategy, however, would generate a lower annual yield of $85,067, than the projected annual return of $94,133 by the original, more risky recommendation.

Part 5  

J. D. Williams would recommend the use of this model only when the model potential new clients meet the present outlined criteria. The company’s mission, however, is to the professional, financial advice that best meets the individual investors’ needs. The company would therefore, not recommend the use of this asset allocation model as a general guide to financial investment.

Please provide formulas and excel sheets including functions.

Can you please explain how to get these following six values if they are correct:

248,889

160,000

391,111

293,333

160,000

346,667

I need assistance with a research paper.  It is a Community Health  Field Experience paper.  The most difficult thing is that it requires 45  hours of “field hours”.  The paper is really secondary, in my mind.  

I have attached here the information about the paper and “field experience” requirements.  

Let me know any questions you may have, and if you think you can help me with this.  Thanks!

WEEK 5 ASSIGNMENT – TORT CLAIMS AND DISPUTE RESOLUTION

Week 5 Assignment – Tort Claims and Dispute Resolution

Introduction

In this assignment, you will need to decide whether there are any legal claims arising from a series of events. Choose one (1) of the options below. After reading the scenario, answer the questions that follow, making sure to fully explain the basis of your decision.

Scenarios

1. Paula Plaintiff owns Paula’s Boutique, one of the most popular stores in town. William Wicked owns the store next to Paula’s Boutique. William has been jealous of Paula’s success. William, in an effort to increase his own business, begins to tell his customers that Paula is dishonest and unethical. William even puts a sign in his front window warning potential customers not to shop at Paula’s Boutique because of her deceitful and unethical practices.Paula is upset when she finds out what William has been doing. Paula has always been honest and ethical with her customers and now her business is suffering because of William’s dishonesty. Paula decides that something must be done about this situation.What advice would you give Paula?

• Discuss the possible tort claim Paula might have against William. Be sure to include the elements of the tort and relate those elements to the scenario.
• If Paula decides to pursue a claim against William, should she consider a lawsuit, mediation, or arbitration? Be sure to explain why your choice is the best option.

2. Parker Plaintiff is in a hurry and stops by a convenience store for a drink. The store is out of her favorite brand of soda, so Parker decides to go elsewhere. Before Parker can leave, she is stopped by a store employee that accuses her of shoplifting. The employee escorts Parker to a small room in the back of the store and tells Parker that if she attempts to leave the room, she will be arrested and sent to jail. Parker waits for over an hour before the manager tells her that she is free to go.What advice would you give Parker? 

• Discuss the possible tort claim Parker might have against the store. Be sure to include the elements of the tort and relate those elements to the scenario. 
• If Parker decides to pursue a claim against the store, should she consider a lawsuit, mediation, or arbitration? Be sure to explain why your choice is the best option. 

3. Barry Bossly makes it a point every day to embarrass Abby Normal during their morning huddle at work. He says extreme comments about Abby. Abby is embarrassed so badly that she has developed post-traumatic stress disorder (PTSD) as a result.What advice would you give Abby?

• Discuss the possible tort claim Abby might have against Barry. Be sure to include the elements of the tort and relate those elements to the scenario. 
• If Abby decides to pursue a claim against the Barry, should she consider a lawsuit, mediation, or arbitration? Be sure to explain why your choice is the best option. 

Instructions

Consider the torts that we discussed in class: defamation, false imprisonment, battery, assault, fraud, and intentional infliction of emotional distress.In a 1–2-page paper, answer the questions relating to the scenario that you chose. Be sure to cite one quality source and include a reference page.

• Academic sources can also be called scholarly sources. The sources may be books, journal articles, and published expert reports. Academic sources have been peer-reviewed, which means they have been reviewed by experts on those topics.

Note: The reference page is not included in the required page count.This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.In addition to your textbook, you have access to Nexus Unithrough the Strayer University Library. Please take advantage of this excellent legal resource!The specific course learning outcome associated with this assignment is:

• Determine if a plaintiff can make legal claims based on the events in a given scenario.

Exercise 2-15A

Prepaid items on financial statements

 Life, Inc., experienced the following events in 2016, its first year of operation:

 1. Performed counseling services for $36,000 cash.

 2. On February 1, 2016, paid $18,000 cash to rent office space for the coming year.

 3. Adjusted the accounts to reflect the amount of rent used during the year.

 Required

 Based on this information alone:

 a. Record the events under an accounting equation.

TABLE PROVIDED BELOW

EXERCISE 2-15A

a. 

*

b. Prepare an income statement, balance sheet, and statement of cash flows for the 2016 accounting period.

EXERCISE 2-15A b. (cont.)

c. Ignoring all other future events, what is the amount of rent expense that would be recognized

in 2017?

EXERCISE 2-19A

Exercise 2-19A on page 111

Exercise 2-19A Supplies, unearned revenue, and the financial statements model

 Hart, Attorney at Law, experienced the following transactions in 2016, the first year of

operations:

 1. Accepted $36,000 on April 1, 2016, as a retainer for services to be performed evenly over the

next 12 months.

 2. Performed legal services for cash of $54,000.

 3. Purchased $2,800 of office supplies on account.

 4. Paid $2,400 of the amount due on accounts payable.

 5. Paid a cash dividend to the stockholders of $5,000.

 6. Paid cash for operating expenses of $31,000.

 7. Determined that at the end of the accounting period $200 of office supplies remained on

hand.

 8. On December 31, 2016, recognized the revenue that had been earned for services performed

in accordance with Transaction 1.

 Required

 Show the effects of the events on the financial statements using a horizontal statements model

like the following one. In the Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA

to indicate accounts not affected by the event. The first event has been recorded as an example.

Event

Assets 5 Liabilities 1 Stk. Equity

 No. Cash 1 Supplies 5 Accts. Pay 1 Unearn. Rev. 1 Ret. Earn. Rev. 2 Exp. 5 Net Inc. Cash Flow

 1. 36,000 1 NA 5 NA 1 36,000 1 NA NA 2 NA 5 NA 36,000 OA

TABLE PROVIDED BELOW

EXERCISE 2-27A

Exercise 2-27A Effect of accounting events on the income statement and statement

of cash flows

 Required

 Explain how each of the following events or series of events and the related adjusting entry will

affect the amount of net income and the amount of cash flow from operating activities reported

on the year-end financial statements. Identify the direction of change (increase, decrease, or NA)

and the amount of the change. Organize your answers according to the following table. The first

event is recorded as an example. If an event does not have a related adjusting entry, record only

Cash Flows from

Net Income Operating Activities

 Event/ Direction of Amount of Direction of Amount of

 Adjustment Change Change Change Change

a NA NA Decrease $9,000

 Adj Decrease $2,250 NA NA

a. Paid $9,000 cash on October 1 to purchase a one-year insurance policy.

 b. Purchased $2,000 of supplies on account. Paid $500 cash on accounts payable. The ending

balance in the Supplies account, after adjustment, was $300.

 c. Provided services for $10,000 cash.

 d. Collected $2,400 in advance for services to be performed in the future. The contract called for

services to start on May 1 and to continue for one year.

 e. Accrued salaries amounting to $5,600.

 f. Sold land that cost $3,000 for $3,000 cash.

 g. Acquired $15,000 cash from the issue of common stock.

 h. Earned $12,000 of revenue on account. Collected $8,000 cash from accounts receivable.

 i. Paid cash operating expenses of $4,500.

e. Paid cash for rent expense.

 f. Performed services for cash.

 g. Performed services for clients on account.

 h. Collected cash from accounts receivable.

 i. Received cash for services to be performed in the future.

 j. Purchased land with cash.

TABLE PROVIDED BELOW

Chapter 3 WileyPlus

Brief Exercise 1-9

Do It! Review 1-3

Exercise 3-1

Exercise 3-6

Brief Exercise 3-4

Do It! Review 3-4

Problem 3-5A

Brief Exercise 1-9

At the beginning of the year, Goren Company had total assets of $856,100 and total liabilities of $519,000. (Treat each item independently.)

(a) If total assets increased $177,500 during the year and total liabilities decreased $82,900, what is the amount of stockholders’ equity at the end of the year?

Stockholders’ equity$

(b) During the year, total liabilities increased $104,500 and stockholders’ equity decreased $65,800. What is the amount of total assets at the end of the year?

Total assets$

(c) If total assets decreased $83,400 and stockholders’ equity increased $101,700 during the year, what is the amount of total liabilities at the end of the year?

Total liabilities$

Do It! Review 1-3

Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.

Accounts payable        $ 8,230                        Notes payable              $ 13,460

Accounts receivable    5,230               Rent expense               13,230

Advertising expense    4,260               Retained earnings        ?

Cash                            6,330               Service revenue           31,460

Common stock                        18,230             Supplies                       5,130

Dividends                    5,730               Supplies expense         1,440

Equipment                   30,030

Don’t show me this message again for the assignment

Prepare an income statement for Marsh Corporation.

Prepare a retained earnings statement for Marsh Corporation. (List items that increase retained earnings first.)

Prepare a balance sheet for Marsh Corporation. (List assets in order of liquidity.)

Exercise 3-1

Selected transactions for Warner Advertising Company, Inc., are listed here.

Describe the effect of each transaction on assets, liabilities, and stockholders’ equity.

1. Issued common stock to investors in exchange for cash received from investors.

2. Paid monthly rent.

3. Received cash from customers when service was performed.

4. Billed customers for services performed.

5. Paid dividend to stockholders.

6. Incurred advertising expense on account.

7. Received cash from customers billed in (4).

8. Purchased additional equipment for cash.

9. Purchased equipment on account.

Don’t show me this message again for the assignment

Exercise 3-6

Selected transactions for Home Place, an interior decorator corporation, in its first month of business, are as follows.

1. Issued stock to investors for $15,710 in cash.

2. Purchased used car for $10,150 cash for use in business.

3. Purchased supplies on account for $240.

4. Billed customers $4,820 for services performed.

5. Paid $230 cash for advertising start of the business.

6. Received $1,730 cash from customers billed in transaction (4).

7. Paid creditor $360 cash on account.

8. Paid dividends of $390 cash to stockholders.

For each transaction indicate the basic type of account debited and credited (asset, liability, stockholders’ equity); the specific account debited and credited (Cash, Rent Expense, Service Revenue, etc.); whether the specific account is increased or decreased; and the normal balance of the specific account.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Brief Exercise 3-4

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.

Debit Effect     Credit Effect    Normal Balance

(a)        Accounts Payable

(b)        Advertising Expense

(c)        Service Revenue

(d)        Accounts Receivable

(e)        Retained Earnings

(f)        Dividends

Do It! Review 3-4

Joel Blocker recorded the following transactions during the month of April.

Apr. 3 Cash                                        1,970

              Service Revenue                                1,970

16        Rent Expense                           410

             Cash                                                  410

20        Salaries and Wages Expense    450

              Cash                                                  450

Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,370. (Post entries in the order of journal entries presented in the question.)

Problem 3-5A

Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred:

Apr. 1  Stockholders invested $23,584 cash in exchange for common stock of the corporation.

1          Hired a secretary-receptionist at a salary of $491 per week, payable monthly.

2          Paid office rent for the month $1,179.

3          Purchased architectural supplies on account from Burlington Company $1,703.

10        Completed blueprints on a carport and billed client $2,489 for services.

11        Received $917 cash advance from J. Madison to design a new home.

20        Received $3,669 cash for services completed and delivered to M. Svetlana.

30        Paid secretary-receptionist for the month $1,964.

30        Paid $393 to Burlington Company for accounts payable due.

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Journalize the transactions. (If no entry is required, select “No entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)

Prepare a trial balance on April 30, 2014.

 Assignment 1: Due Sunday, Sep 30Analyze the following article and provide a report that answers these questions:

Risk of China economic collapse overblown | Emerging Markets | AMEinfo.com. (n.d.). Middle East business & financial news | business directory & current events | AME Info. Retrieved July 22, 2010, from http://www.ameinfo.com/35739.html

1. Based on the findings in the report, analyze three factors MNCs can use to evaluate China’s risk as a potential foreign investment.

1. The Chinese Yuan is not convertible to American dollars. This restricts Chinese investors from exchanging their Yuan for dollars to invest abroad. The rate of exchange is currently 8.28 Yuan to 1 dollar. In this framework, answer the following questions:

• What are currency exchange controls?
• Why are these controls imposed?
• What impact do these controls have on Yuan to dollar exchange rates?
1. Read the section in the article titled Balance of Payments. How can basic hedging techniques be applied to China?

write a report of findings of three pages as a Microsoft Word document, double-spaced, in Arial 12 pt font. Your report should be your own—original and free from plagiarism.

 

 

Assignment 2: Bank of China ( due Saturday, Sep 29)


Bank of China has opened trading in the Chinese currency on the international financial markets. Is this good or bad for China? Is this good or bad for the U.S.? What will be the effect on the U.S. dollar and European Euro as reserve currencies?

You can look for additional readings on Internet related to this topic.

 

 

 

 

 

 

I need  a 5 pages case study (not counting cover and references page) that covers the issues faced by each group of climbers in a leadership and team dynamics point of view. 

Attached is the case Tragedy on Everest. The steps to be followed. A sample of exactly what I need.

1.  Read pages 3 through 12 (stopping at Waren’s Month‐End Procedures) in the “Instructions, Flowcharts, and Ledgers” book.  

2.  Follow Option 1 and first process the Revenue Cycle transactions and then the Expenditure Cycle transactions.  Stop before the Month‐End Procedures, i.e., do not perform the month‐end and yearend procedures. 

3.  Use Transaction List A (Document No. 1 with an A at the bottom left corner).  First complete the revenue transactions:  1, 2, 5, 6, 10, 12, 13, 14, 15, followed by the expenditure transactions: 3, 4, 7, 8, 9, 11, 16, 17, 18, 19, 20. 

4.  Try to get most of the information on the source documents correct, but do not spend a lot of time on this.  Focus mostly on completing control activities correctly, e.g., signatures on source documents and attaching source documents together, and recording information in the journals and ledgers correctly. 

5.  When working through the case, make sure to: 

a.  Include all the information provided in the Transaction List. 

b.  Perform all steps indicated in the flowchart related to the transaction (including updating of journals and ledgers as indicated by the flowchart). 

c.  When completing source documents, use already completed documents as examples. 

d.  When recording transactions in journals and posting to ledgers, use previous entries in respective journal and ledger as an aid. 

e.  Use your knowledge of accounting!  For example, what are the journal entry when a sale is made on credit and what is the journal entry when the customer later pays within the discount period?