Homework For You

Students will be expected to post their first initial discussion board posting by Friday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. Students are …

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Constanza Company (a hospital) resorts to ‘simple costing’ (job-costing) system for patients with surgery requirements. In March 2015, the P-OPN room and OPN room used cost allocation bases (budgeted) of 40000 staff hours (nurses) and 20000 staff hours (nurses), respectively. For March 2015, total staff overhead costs (nurses) for these departments were $1680000 and $1320000, …

Company (a hospital) resorts to ‘simpl… Read More »

In the following​ situation, which internal control procedure needs​ strengthening?At Syria​ Services, the accounting clerk fills out unnumbered purchase order forms for purchases of supplies. An operations engineer completes the form with a detailed description of the supplies being​ ordered, and the operations manager approves the purchase and passes the purchase order back to the …

the following​ situation, which internal cont… Read More »

Problem #3 In 2015, Datasoft Inc. received $350,000 in dividends from CSLabs Inc. Datasoft’s taxable income before the dividends received deduction and $20,000 charitable contribution deduction is $300,000. What is Datasoft’s DRD assuming it owns 15% of the CSLabs Inc. stock?

Should a manager be able to generate a profit and loss statement, and a balance sheet, on demand (at any time during the accounting cycle) using an on-line real-time accounting system?Provide a brief outline of your reasons.

Fitness Workout, Inc., is a small business. Siblings Grady and Heidi, and nine other members of their family, own all of its stock. Currently, the firm’s income is taxed at the corporate level and, after being distributed to the family members, at the shareholder level. Can Fitness Workout retain its corporate status but oth¬er¬wise avoid …

Workout, Inc., is a small business. Siblin… Read More »

What is the purpose of generally accepted accounting principles (GAAP) and the accounting cycle? Is it possible to deviate from GAAP and the accounting cycle and still prepare financial statements? Why? What are some possible consequences of this course of action?

Co make a sale collects a total of $756, which includes 8% sales taxQ- what is the amount to the credited to sales revenue

Part 1: The current period statement of cash flows includes the following:Cash balance at the beginning of the period $310,000Net cash flow from operating activities 185,000Net cash flow used for investing activities 43,000Net cash flow used for financing activities 97,000The cash balance at the end of the period isa. $45,000b. $635,000c. $355,000d. $125,000Part 2:A company …

1: The current period statement of cash flows… Read More »