Do any of you plan to go on and sit for the CFP exam? Please find the Open Educational Resources websites under Course Information. Find the CFP Board website. What are the requirements to hold the CFP designation? What is the benefit of getting this designation? How does the board benefit the public?

Issue Price

The following terms relate to independent bond issues:

1. 550 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments
2. 550 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments
3. 860 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
4. 1,970 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments

Use the appropriate present value table:

PV of $1 and PV of Annuity of $1

Required:

Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your intermediate calculations and final answers to the nearest dollar.

Pawn Corporation acquired 70 percent of Shop Corporation's voting stock on January 1, 20X2, for $416,500. The fair value of the noncontrolling interest was $178,500 at the date of acquisition. Shop reported common stock outstanding of $200,000 and retained earnings of $350,000. The differential is assigned to buildings with an expected life of 15 years at the date of acquisition.

On December 31, 20X4, Pawn had $25,000 of unrealized profits on its books from inventory sales to Shop, and Shop had $40,000 of unrealized profit on its books from inventory sales to Pawn. All inventory held at December 31, 20X4, was sold during 20X5.

On December 31, 20X5, Pawn had $14,000 of unrealized profit on its books from inventory sales to Shop, and Shop had unrealized profit on its books of $55,000 from inventory sales to Pawn.

Pawn reported income from its separate operations (excluding income on its investment in Shop and amortization of purchase differential) of $118,000 in 20X5, and Shop reported net income of $65,000.

Required:
Compute consolidated net income and income assigned to the controlling interest in the 20X5 consolidated income statement.

Fedora, Inc, uses a weighted-average process-costing system and has one production department. All materials are introduced at the start of manufacturing; in contrast, conversion cost is incurred uniformly throughout production. The company had respective work-in-process inventories on May 1 and May 31 of 62,300 units and 71,500 units, the latter of which was 50% complete. The production supervisor noted that Fedora completed 103,000 units during the month.

Costs in the May 1 work-in-process inventory were subdivided as follows: materials, $41,500; conversion, $93,000. During May, Fedora charged production with $359,850 of material and $740,000 of conversion, resulting in a material cost per equivalent unit of $2.30.

Required:

Determine the number of units that Fedora started during May.

Compute the number of equivalent units with respect to conversion cost.

Determine the conversion cost per equivalent unit. (Round your final answers to two decimal places.)

Compute the cost of the May 31 work-in-process inventory. (Round your intermediate calculations to 2 decimal places and final answers to nearest whole dollar.)

What account would have been credited to record Fedora's completed production?

Explain the role of a management control system. Identify the advantages and disadvantages of decentralization.

Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to apply overhead to jobs?

Please provide a thorough response!

Cost of Production Report: Average Cost Method

Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31:

Required:

Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process—Roasting Department. If required, round your cost per equivalent unit answer to two decimal places.

an example of an appropriate interpersonal role carried out by a manager in an organization would be

A designing and initiating changes within the organization

B transmitting select information to subordinates

C participating in negotiating sessions with other parties vendors

D motivating subordinate to get the job done properly

Entries for Payroll and Payroll Taxes

The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.:

Required:

If an amount box does not require an entry, leave it blank.

1a. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the payroll.

1b. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $28,000 is subject to unemployment compensation taxes.

2a. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry on December 30 to record the payroll.

2b. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all $566,000 in salaries is subject to unemployment compensation taxes.

Discuss the role of budgets in overall organization plans. Discuss the importance of people in the budgeting process.

Leo Company has identified the following overhead costs and cost drivers for next year:

The following is one of the jobs completed during the year:

Required

Determine the unit cost for job 201 using the four cost drivers (i.e., using Activity-Based Costing).

Materials Management:

1. Identify the following as master data or transaction data

Create material master for trading goods

Create purchase order Referencing an RFQ

Extend material master for trading goods

Display purchase order

Create new vendor (supplier)

Create goods receipt for purchase order

Maintain quotation from vendors

Create invoice receipt from vendor

Post payment vendor

Display purchase order history

Create purchase requisition

Evaluate quotation on price

Display purchase order history

Display vendor line items

Display stock or requirement list                       

Display/Review G/L Account balances and individual line items

Verify physical receipt of goods

2. Identify the following as preventive or detective controls

Create material master for trading goods

Create purchase order Referencing an RFQ

Extend material master for trading goods

Display purchase order

Create new vendor (supplier)

Create goods receipt for purchase order

Maintain quotation from vendors

Create invoice receipt from vendor

Post payment vendor

Display purchase order history

Create purchase requisition

Evaluate quotation on price

Display purchase order history

Display vendor line items

Display stock or requirement list                       

Display/Review G/L Account balances and individual line items

Verify physical receipt of goods

Sales and Distribution:

1. Identify the following as master data or transaction data

Create New Customer

Create Contact Person for Customer

Create BP relationship

Create Customer Inquiry

Create Customer Quotation

Create Sales Order Referencing a Quotation

Check Stock Status

Display Sales Order

Start Delivery Process

Check Stock Status

Pick Materials on Delivery Note

Post Goods Issue

Check Stock Status

Create Invoice for Customer

Display Billing Document and Customer Invoice

Post Receipt of Customer Payment

Review Document Flow

2. Identify the following as preventive or detective controls

Create New Customer

Create Contact Person for Customer

Create BP relationship

Create Customer Inquiry

Create Customer Quotation

Create Sales Order Referencing a Quotation

Check Stock Status

Display Sales Order

Start Delivery Process

Check Stock Status

Pick Materials on Delivery Note

Post Goods Issue

Check Stock Status

Create Invoice for Customer

Display Billing Document and Customer Invoice

Post Receipt of Customer Payment

Review Document Flow

The Katy Company engages in the manufacture and sale of books worldwide. Its income statement for the year ending June 30, 2019 and selected amounts from its June 30, 2019 balance sheet follow:

Degreed accountants have the opportunity to obtain certifications in the accounting career field that they choose. Research and describe the types and requirements of certifications that are available. How do XBRL, blockchain, and internet privacy/security influence these professions?