HW ACER: July 2015

Thursday, 30 July 2015

ACC 205 WEEK 4

ACC 205 WEEK 4 COMPLETE,
1. Payroll accounting:

a. The entry to record Brookhaven’s February payroll:

b. The journal entry to record Brookhaven’s payroll tax expense:

2. Current liabilities:

a. Journal entries to record the transactions:

b. Prepare adjusting entries on October 31 to record accrued interest:

c. The Current Liability section of Red Bank’s balance sheet as of October 31:

3. Notes payable:

a. Journal entries to record the transactions:

b. Prepare adjusting entries on October 31 to record accrued interest:

c. The Current Liability section of Red Bank’s balance sheet as of October 31:

ACC 205_Week_Four_Exercise_Assignment

Liability

Payroll accounting.
2. 2. Current liabilities: entries and disclosure.
3. 3. Notes payable.

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Acc 205 Week 4_DQs and Journal

DQ: 01

What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability.

DQ: 02

A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client.

Journal

The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. Reflecting on your current financial situation, apply the concept of current liabilities. What does this analysis tell you about your future obligations? What did you learn from this experience?
1. Payroll accounting:

a. The entry to record Brookhaven’s February payroll:

b. The journal entry to record Brookhaven’s payroll tax expense:

2. Current liabilities:

a. Journal entries to record the transactions:

b. Prepare adjusting entries on October 31 to record accrued interest:

c. The Current Liability section of Red Bank’s balance sheet as of October 31:

3. Notes payable:

a. Journal entries to record the transactions:

b. Prepare adjusting entries on October 31 to record accrued interest:

c. The Current Liability section of Red Bank’s balance sheet as of October 31:

ACC 205_Week_Four_Exercise_Assignment

Liability

Payroll accounting.
2. 2. Current liabilities: entries and disclosure.
3. 3. Notes payable.

Acc 205 Week 4_DQs and Journal

DQ: 01

DQ: 02

Journal

ACC 205 WEEK 3

1. Specific identification method:

2. Inventory valuation methods:

3. Perpetual inventory system:

4. Inventory valuation methods:

5. Depreciation methods:

6. Depreciation computations:

7. Depreciation computations:

ACC205_Week_Three_Exercise_Assignment:

Inventory

Specific identification method.
Inventory valuation methods: basic computations.
3. 3. Perpetual inventory system: journal entries
4. 4. Inventory valuation methods: computations and concepts
5. 5. Depreciation methods.
6. 6. Depreciation computations.
7. 7. Depreciation computations: change in estimate.

Acc 205 Week 3_DQs and Journal

Week 3 DQ 1

1. The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controllers bonus is based on the next income. It is the controllers belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?

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Week 3 DQ 2

2. A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?

Inventory Journal
Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate

ACC 205 WEEK 2

Acc 205_Week Two Exercise Solution

1. Classification of items for Ron Carroll Company
DQ 1 Accounting Cycle

Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?

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DQ 2 Bank Reconciliation

What is the purpose of bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements? Analyze several of your peers’ posts. Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance. Could these differences just be written off?

Week 2 Journal

Income Statement Journal
The income statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the income statement? What did you learn from this experience?

ACC 205 WEEK 1

Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company’s viewpoint. Also indicate the normal account balance of each item. a. The albums, tapes, and CDs held for sale to customers. b. A long-term loan owed to Citizens Bank. c. Promotional costs to publicize a concert. d. Daily sales of merchandise sold, e. Amounts due from customers, f. Land held as an investment, g. A new fax machine purchased for office use. h. Amounts to be paid in 10 days to suppliers, i. Amounts paid to a mall for rent.

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DQ 1: As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.

DQ2: what does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.

WEEK 1 JOURNAL

Balance Sheet Journal The balance sheet is a financial snap shot of a company at a particular point in time. The balance sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the balance sheet? What did you learn from this reflection?

PAD 500 WEEK 5 ASSIGNMENT

Assignment 2: The Concept of Ethical Obligations

Based on the case study, George Tenet and the Last Great Days of the CIA, in Stillman, Chapter 16, write a 4-5 page paper in which you:

1. Identify four (4) cross-coded ethical dilemmas facing former CIA Director George Tenet and assess their impact on his leadership abilities.

2. Analyze four (4) ways in which Tenet addressed the prioritization of ethical concerns.

3. Identify and explain four (4) strategies used in competing ethical obligations in relation to the many intergovernmental organizations that overlapped his office.

4. Elaborate on four (4) relevant notions for designing ethical maps for defining and prioritizing ethical obligations.

5. Research and cite at least four (4) peer-reviewed academic sources.

http://hwacer.com/Tutorial/pad-500-week-5-assignment-2/

Your assignment must:

 Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.

 Include a cover page containing the tile of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.  The specific course learning outcomes associated with this assignment are:

 Assess the changing nature and responsibilities for managing public and nonprofit organizations.

 Critique ethics in public service and its influence to the study of public administration as it relates to political choice.

 Use technology and information resources to research issues in modern public administration.

 Write clearly and concisely about modern public administration using proper writing mechanics.

PAD 500 ASSIGNMENT 2

Assignment 2: Managing Competing Agendas

Due Week 6 and worth 180 points

In this assignment, the public administrator expands on the selected issue challenges by assessing its impact within and outside of an agency.

Using the issue you selected from Assignment 1, write a three to four (3-4) page paper in which you respond to the following questions:

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1.Evaluate an agency the issue impacts and assess the level of interdependence between planning, human resource management, and budgeting. Create a scenario in which you explain the overall manner in which these functions interact. Justify your response with examples. Note: Take the selected issue from Assignment #1 and discuss how each of these areas overall influence the good and bad in your issue within the agency. 2.Based on your response to Question #1 regarding human resource management, construct two (2) competencies that public personnel managers need to possess in order to minimize the impact of the policy issue. Justify your response. Note: In this question, the student focuses directly on what competencies a personnel manager may need in order to address the policy issue. 3.Based on your response to Question #1 regarding budgeting, take a position on whether the politics of budgeting will negatively or positively impacted outcomes on budget policy and formation overall. Provide a rationale for your response. Note: In this question, the student focuses on how and in what matter the agencies budget may influence the policy issue. 4.Based on your response to Question #1 regarding planning, analyze the impact of political responsivenessand propose two (2) challenges that political responsiveness may present for management. Note: In this question, the student discuss how public administrators may respond to the issue and what challenges the issue presents to management. 5.Include at least four (4) peer-reviewed references (no more than five [5] years old) from material outside the textbook. Note: Appropriate peer-reviewed references include scholarly articles and governmental WebsitesWikipedia, other wikis, and any other Websites ending in anything other than “.gov” do not qualify as academic resources. Your assignment must follow these formatting requirements:

•Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. •Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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